Alternative investment manager Ares Management has agreed to buy real-estate investment trust Whitestone REIT in an all-cash transaction valued at about $1.7 billion. - Brendan McDermid/REUTERSAlternative investment manager Ares Management has agreed to buy real-estate investment trust Whitestone REIT in an all-cash transaction valued at about $1.7 billion. The companies on Thursday said Ares will pay $19 a share for Whitestone, a 12% premium to Wednesday’s closing price of $16.94 for the Houston company. Most Read from The Wall Street JournalThe takeover price is 26% above Ares’ closing price of $15.02 on March 5, before Reuters reported that the REIT was exploring a sale. Los Angeles-based Ares had nearly $623 billion of assets under management at the end of 2025.

Source: Wall Street Journal April 09, 2026 14:54 UTC