“This deal is the largest Downtown since the start of the pandemic, an unmistakable sign of New York City’s recovery and resurgence.”
Do you know a professional and/or company that has helped shape the senior housing sector? Submit a candidate for GlobeSt. Real Estate Forum’s next Influencer series before the deadline on August 11.
Do you know a professional and/or company that has helped shape the senior housing sector? Submit a candidate for GlobeSt. Real Estate Forum’s next Influencer series before the deadline on August 11.
The acquisition expands the REIT’s footprint in a submarket that it says is a preferred location for companies and young professionals in the TAMI sector.
Canyon Partners Real Estate and Pacific Western Bank partnered to provide the construction loan.
Do you know a professional and/or company that has helped shape the senior housing sector? Submit a candidate for GlobeSt. Real Estate Forum’s next Influencer series before the deadline on August 11.
They will begin renovating the 1.2-million square foot facility into an office and retail destination in West Chelsea.
The REIT still retains a 51% stake in the property and will continue to oversee its management.
New York City Property Fund II is a value-add fund targeting a portfolio in excess of $1 billion.
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