Starwood to acquire a 70.41% stake in RDI REIT for $460m.

Starwood Capital Group, a private equity firm, offered to acquire a 70.41% stake in RDI REIT, a property investment business, for $460m. "We are pleased to announce this Acquisition, which we believe represents an attractive opportunity for investors to realise liquidity and a significant premium to the three month volume weighted average price of 87.2 pence per RDI REIT Share. We look forward to supporting RDI REIT and its management team going forward," Krysto Nikolic, Starwood Managing Director.