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Ares Management to Acquire Whitestone REIT in $1.7 Billion Deal Covering Texas and Arizona Properties
Whitestone REIT announced it will be acquired by Ares Management Corporation in a deal valued at approximately $1.7 billion. The agreement includes the assumption of Whitestone’s existing debt and represents a significant transaction in the real estate investment trust (REIT) sector.
The acquisition, disclosed on April 9, 2026, outlines that Ares will take ownership of Whitestone’s portfolio, which primarily consists of community-centered retail and mixed-use properties across high-growth markets in Texas and Arizona. The deal reflects a strategic move by Ares to expand its presence in these regions while leveraging Whitestone’s established assets. Further details regarding the timeline for closing the transaction or any potential changes to operations have not yet been provided.
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Date: April 9, 2026
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