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New Deal


Announced

Completed

Silver Star Real Estate completed the acquisition of a Riverside apartment complex from Blackstone for $204m.

Financials

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Transaction Value£172m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Real Estate

Completed

Majority

Domestic

Single Bidder

United States

apartment complex

Real Estate Holding and Development

Acquisition

Private Equity

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Synopsis

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Silver Star Real Estate, a real estate investment organization, completed the acquisition of a Riverside apartment complex from Blackstone, a private equity, alternative asset management, and financial services firm, for $204m. The apartment complex was sold for 40% more than Blackstone's acquisition price.

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