The firm will acquire all outstanding shares at $19.00 per share, representing a 12.2% premium to the company's latest closing price and a 26.5% premium to its unaffected share price prior to earlier sale reports. The transaction strengthens Ares Real Estate's exposure to necessity-based retail assets in high-growth US markets. Whitestone's portfolio comprises 56 properties spanning approximately 4.9m square feet across key regions including Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio. 'Whitestone's portfolio provides an attractive opportunity to further diversify Ares Real Estate's footprint with necessity-based retail centers in high-demand, supply-constrained metro regions across Arizona and Texas,' said David Roth, Global Head of Real Estate Strategy and Growth at Ares Real Estate. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE...
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