Greystar buys three NYC rental buildings for $336M

Wednesday, March 2, 2016 | Konrad Putzier

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.
Media Resources
View our PRESS KIT
Press Release Archives
  • Thursday, July 8, 2021
    CPP Investments and Greystar Real Estate Partners Form U.S. Life Sciences Development Joint Venture

    Read More

  • Thursday, July 1, 2021
    Greystar hires Ward Frisby as Development Director to support its growth strategy in Ireland

    Read More

  • Tuesday, June 22, 2021
    Greystar launches Germany and Austria multifamily venture, targeting gross development value of €1 billion

    Read More

  • Monday, June 14, 2021
    Greystar acquires new site in London subject to planning

    Read More

  • Tuesday, June 8, 2021
    Greystar announces €725m close for flagship pan-European closed-end value-add residential strategy

    Read More

View All Archives