Dutch pension fund manager PGGM snapped up a 30 percent stake in apartment tower 21 West End Avenue, in a deal that valued the building at $650 million. Carlyle Group and Greenfield Partners are the sellers, Real Estate Alert reported. Dermot Company and AFL-CIO Building Investment Trust, which developed the 616-unit tower, own the remaining 70 percent. HFF brokered the deal, which marks PGGM’s first direct real estate investment in New York. The price translates […]
source https://therealdeal.com/2018/03/20/dutch-pension-fund-buys-30-stake-in-21-west-end/
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