Greystar buys three NYC rental buildings for $336M
Greystar Real Estate Partners snapped up three New York City rental buildings for $336.3 million, in another sign that investors remain bullish on multifamily properties.
The Charleston-based fund manager paid $211.3 million for the 204-unit rental building 160 West 24th Street in Chelsea from Chicago-based LaSalle Investment Management. In a separate deal, it bought two new rental developments in Williamsburg – 247 North 7th Street and 248 North 8th Street – from Adam America Real Estate for $125 million. The firm is buying the properties through its fund Greystar Equity Partners VIII.
For entire article, click View More below.
The Charleston-based fund manager paid $211.3 million for the 204-unit rental building 160 West 24th Street in Chelsea from Chicago-based LaSalle Investment Management. In a separate deal, it bought two new rental developments in Williamsburg – 247 North 7th Street and 248 North 8th Street – from Adam America Real Estate for $125 million. The firm is buying the properties through its fund Greystar Equity Partners VIII.
For entire article, click View More below.
Media Resources
View our PRESS KITPress Release Archives
-
Greystar Makes Strategic Investment in Thackeray Partners
-
Greystar Announces First Album 55+ Active Adult Community
-
Greystar joins CPP Investments and Cyrela in Development of Brazilian Multifamily Property Sector
-
Multifamily Executive: Greystar Has Right Ingredients for Growth
-
Greystar Announces New Active Adult Development in Winter Garden, Florida