Tampa REIT sold in $1.9 billion deal
By Margie Manning
Tampa Bay Business Journal
Published: Jan 28, 2016

Monument Partners LLC has bought Landmark Apartment Trust Inc. in Tampa for $1.9 billion.

All of Landmark's outstanding stock was acquired for $8.1 per share or per unit in the all-cash deal, a press release said.

Monument is an entity owned by affiliates of Starwood Capital Group, a private investment firm, and Milestone Apartments Real Estate Investment Trust.

Landmark is a multifamily real estate investment trust that owns and manages 24,000 apartment units, primarily in the South and Southeast U.S. The company had planned an initial public offering to raise $375 million, but withdrew the IPO after the acquisition was finalized, according to a report by Renaissance Capital.

Margie Manning is Finance Editor of the Tampa Bay Business Journal. She covers the Money beat.