Fortress Approached Whitestone REIT About a Takeover
A Whitestone REIT property in Houston.
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Fortress Investment Group has approached retail landlord Whitestone REIT about a takeover, according to people with knowledge of the matter.
Whitestone, which had a market capitalization of $459 million at the close of trading Wednesday, rebuffed the alternative-asset manager, said one of the people, all of whom asked not to be identified discussing confidential information. Terms of the Fortress offer couldn’t immediately be learned.