Midtown Multifamily Building Receives $103M Recapitalization Debt
1 report, 1 independent
Updated Wed 00:00
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What happened
A 29-story multifamily building in Midtown Manhattan received $103 million in debt financing for a recapitalization. The deal involved Rose Associates and its joint venture partner, Morgan Stanley Real Estate Investing. The financing was provided by AXA Equitable.
Why it matters
The transaction represents significant capital flow into the Midtown Manhattan real estate market. The deal is noted as the first in a series of expected acquisition deals between Rose Associates and Morgan Stanley Real Estate Investing.
Who's involved
- City of New YorkThe municipal government of New York City where the building is located
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The entities involved
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