Invesco Real Estate Buys Majority Interest in Manhattan Apartment Portfolio Valued Around $760 Million
Greenberg Traurig's Richard Giusto has been leading Invesco Real Estate deals for 25 years, and the law firm's Michael Lynott has been leading its financing deals for 15 years.
January 04, 2019 at 12:58 PM
4 minute read
The original version of this story was published on Daily Business Review
Global investment manager Invesco Real Estate has bought the majority interest in a Manhattan apartment portfolio valued at nearly $760 million.
“These are Class A multifamily buildings. They have high occupancy,” said Josh Farrell, a New York-based Greenberg Traurig shareholder who worked on the deal. “They are in well-located neighborhoods, easy access to transportation and amenities.”
The portfolio spans trendy New York neighborhoods — Avalon Morningside Park at 1 Morningside Dr. next to Morningside Park in Morningside Heights; Avalon Bowery Place I at 11 E. First St. and Avalon Bowery Place II at 22 E. First St., both in the Bowery; and Avalon West Chelsea at 282 11th Ave. and AVA High Line at 525 W. 28th St., both in Chelsea.
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