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Done Deals: Starwood Capital, Blackstone Move to Wrap Up Separate $1 Billion+ Buyouts

Blackstone Closes $1.1 Billion Purchase of HCP Assets, While Milestone REIT Unitholders Approve Starwood's Sweetened $1.3 Billion Offer
CoStar News
March 30, 2017 | 1:46 P.M.

The end of the first quarter brings key moves to complete two large transactions in the apartment and seniors housing sectors: Starwood Capital Group's $1.3 billion takeover of Milestone Apartments Real Estate Investment Trust; and Blackstone's $1.13 billion acquisition of 64 assets owned by HCP, Inc. (NYSE: HCP) and formerly leased to Brookdale Senior Living, Inc. (NYSE: BKD).

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