Deals
Buyout Firms Join U.S. Apartment Hunt as Rentals Surge: Real M&A
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Buyout firms are apartment hunting again.
An affiliate of private equity firm Lone Star Funds agreed this week to acquire apartment real estate investment trust Home Properties Inc. for about $7.6 billion including debt. It marks the largest takeover of a U.S. apartment REIT since the buyout boom of 2007, and more may be on the way.