TRD Special Report:When the equity for what would become New York City’s tallest residential skyscraper came together, it looked less like a partnership than a billionaire boys club. More than 200 ultra-high-net-worth investors crowded into the capital stack for a piece of 432 Park Avenue, CIM Group and Macklowe Properties project that sought to oust One57 as the city’s priciest condominium. Over a frenetic three weeks in 2012, Citibank raised $400 million from more than […]
source https://therealdeal.com/2017/12/05/trd-special-report-an-insiders-guide-to-real-estate-syndication/
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