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...

T hose who switched off with a sigh of relief in July may not have noticed. But something big is slowly stirring in the undergrowth of British politics. Fact by fact, announcement by announcement, the case for Britain to remain in the European Union’s single market and customs union is growing stronger and more irresistible by the day. Such an outcome is most definitely not this government’s policy. But, this autumn, something will have to give. Over the past 10 days David Davis ’s Brexit department has published seven so- called partnership papers : important documents covering a wide range of subjects, from customs and Northern Ireland to civil justice and, most recently, disputes mechanisms, including the role of the European Court of Justice. According to the introductory blurb inside each, these papers are all about forming a bespoke post-Brexit partnership with the EU. Yet, by intention or accident, they do something very different. Together they make a case for sticking with t...

by Alec MacGillis Maryland’s two U.S. senators and four of its U.S. House representatives , all Democrats, sent a letter today to the large real- estate company owned by the family of Jared Kushner, President Donald Trump ’s son-in-law and senior adviser, demanding information about the company’s management of 17 apartment complexes it owns in the state. The letter to Kushner Companies came in response to a May 23 article co-published by ProPublica and The New York Times Magazine investigating management practices at the rental complexes, most of which are in the suburbs of Baltimore, as well as an article this week in The Baltimore Sun that revealed additional details . The original story described the highly aggressive legal tactics that Kushner Companies has used to pursue tenants who owed back rent or had left their leases early — even tenants who left the complexes well before the company bought them in 2012 and the years following. In many of the hundreds of cases brough...