Press Release

Kirkland Counsels Starwood and Milestone on Agreement for $1.9B Acquisition

Kirkland & Ellis LLP advised Starwood Capital Group and Milestone Apartments Real Estate Investment Trust (TSX: MST.UN)  in connection with the execution of a definitive agreement to acquire, by way of merger, Landmark Apartment Trust for $8.17 per Landmark share in cash, representing a total enterprise value of approximately $1.9 billion. The acquisition, which is subject to customary closing conditions, including approval by Landmark's shareholders, is expected to close in the first quarter of 2016. As part of the acquisition, Starwood will acquire Landmark’s interest in 63 properties and Milestone will acquire a 100 percent interest in 15 properties currently owned by Landmark. The full release can be found here.

Kirkland’s team was led by Edward Schneidman and Jonathan Schechter, and also included Scott Berger, Elazar Guttman, Eric Sievertsen, Travis Fleming, William Levy, Michael Beinus and Brett Willis.