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Ares Management Acquires Whitestone REIT for $1.7 Billion

Ares Management Acquires Whitestone REIT for $1.7 Billion

Ares Management Corporation (NYSE: ARES), a New York City-based global alternative investment manager, announced that certain Ares Real Estate funds are acquiring all commons shares and operating partnership units of Houston-headquartered Whitestone REIT (NYSE: WSR)...

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$30 Million Sale Sets New Record for Georgia’s Housing Market

$30 Million Sale Sets New Record for Georgia’s Housing Market

Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...