Apartment Choice

RICHMOND, Va.--( BUSINESS WIRE )-- Landmark Apartment Trust , Inc. (“Landmark” or the “Company”), a multifamily real estate investment trust with assets located in select metropolitan areas throughout the Southern United States , announced today that it has entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which it will be acquired by Monument Partners, L.L.C. (“Monument”), an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) (“Milestone”), in an all- cash transaction valued at approximately $1.9 billion, including the assumption of existing debt. Upon completion of the transaction, Landmark will become a privately held company. Pursuant to the terms of the Merger Agreement, Monument will acquire all of the outstanding common stock of Landmark and all of the outstanding common units of Landmark’s operating partnership, Landmark Apartment Trust Holdings, LP, for $8.17 per share or...

GREENWICH, CONN. — Monument Partners LLC , an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN), has entered into an agreement to acquire Landmark Apartment Trust Inc. in an all- cash transaction valued at $1.9 billion, including the assumption of existing debt. Under the terms of the deal, Starwood Global Opportunity Fund X, through a controlled affiliate, will acquire Landmark Apartment Trust ’s ownership interest in 19,615 units in 63 apartment communities . The portfolio is located in eight Sunbelt states, with major concentrations in Dallas, Atlanta, Orlando, Tampa, Charlotte and Nashville. Milestone — which will acquire 4,172 units in 15 assets as part of the transaction — will serve as property manager for Starwood’s portion of the portfolio. “This acquisition highlights our confidence in multifamily housing as an asset class that represents an attractive risk-reward proposition for our investors,” says ...

DEEDS Source: Clark County Recorder . • Vacant land for $16.9 million 20160607:001054/APN 175-01-510-001 Seller: The Howard Hughes Co. LLC Buyer: Pardee Homes of Nevada 4675 Teco Ave., #115, Las Vegas, NV 89118 • Commercial/industrial for $12.8 million 20160601:002810/APN 162-08-611-001 Seller: Highland Industrial Park Partnership Buyer: Highland Industrial Park LLC 7136 Pacific Blvd., #210, Huntington Beach, CA 90255 • Commercial/industrial for $4 million 20160606:005050/APN 139-26-102-003 Seller: Mark and Loretta Bellanger Trust ; Sabrina S. Bellanger Trust ; Bokit Family Trust ; Karyn Y. Finlayson Family Trust Buyer: Anderson Dairy Inc. 801 Searles Ave ., Las Vegas, NV 89101 • Commercial/industrial for $4 million 20160601:000785/APN 176-04-413-003 Seller: Sortino Asset Management Co. Buyer: Sovereign Properties LLC 1929 Van Ness Ave., San Francisco, CA 94109 • Vacant land for $3.6 million 20160601:003694/APN 177-06-810-004 Seller: Distinctive Homes-Valley View LLC Buyer: DR Horton ...

RICHMOND, VA - Landmark Apartment Trust , a multifamily real estate investment trust with assets located in select metropolitan areas throughout the Southern United States , announced that it has entered into a definitive merger agreement pursuant to which it will be acquired by Monument Partners, an entity owned by affiliates of Starwood Capital Group and Milestone Apartments Real Estate Investment Trust , in an all- cash transaction valued at approximately $1.9 billion, including the assumption of existing debt. Upon completion of the transaction, Landmark will become a privately held company .Pursuant to the terms of the Merger Agreement , Monument will acquire all of the outstanding common stock of Landmark and all of the outstanding common units of Landmark’s operating partnership, Landmark Apartment Trust Holdings , LP, for $8.17 per share or common unit in an all- cash transaction . Payment of the per share and per common unit consideration is net of all transaction expe...