Milestone Apartments REIT, Starwood Capital Group Acquire Landmark Apartment Trust
Vinson & Elkins advised Milestone Apartments Real Estate Investment Trust in connection with its agreement with Starwood Capital Group to acquire, by way of merger, Landmark Apartment Trust, Inc., a multifamily real estate investment trust, for approximately $1.9 billion.
The acquisition, which is subject to customary closing conditions, including approval by Landmark’s shareholders, is expected to close in the first quarter of 2016. As part of the acquisition, Milestone will acquire 15 properties currently owned by Landmark, and Starwood will acquire Landmark’s interest in 63 properties, all of which will be property managed by Milestone.
The V&E team was led by partner Mark Early, with assistance from partners Mike Boulden, Jim Meyer, Vanessa Griffith and Shane Tucker, and associates John Bell, Courtney Hammond, Julia Pashin and Steve Oyler.
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