Ares Management acquires Whitestone REIT in $1.7 billion deal
The transaction valued the retail property owner at $19.00 per share or unit.
Whitestone REIT (WSR), the retail property owner, transitioned from a public company to a private entity on July 14, 2026.
The company was acquired by Ares Management Corporation in an all-cash transaction valued at approximately $1.7 billion.
Ares Management paid $19.00 per share or unit to complete the acquisition.
The company's portfolio size decreased leading up to the closing. The portfolio totaled 56 retail properties comprising approximately 4.9 million square feet as of March 31, 2026.
At the time of the acquisition closing on July 14, 2026, the portfolio consisted of 54 properties totaling approximately 4.8 million square feet.