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 Joins Leading CEOs in Unprecedented Commitment to Advance Diversity and Inclusion in the Workplace
-
Greystar Wins 2020 PERE Global Awards in Three Categories
-
Greystar acquires five purpose-built student accommodation assets across the UK for £291m
-
Greystar Announces A$1.3 Billion Final Close of Greystar Australia Multifamily Venture I (“GAMV I”)
-
Cyrela, CPP Investments and Greystar Announce Partnership with SKR in Brazilian Multifamily Development Venture