The Related Companies closed on its $250 million purchase of a luxury Tribeca apartment building with financing from JPMorgan’s asset management arm and German lender LBBW. Related Fund Management, the company’s Securities and Exchange Commission-registered investment platform, finalized its purchase of the 291-unit Truffles Tribeca building from the Jack Parker Corporation, sources told The Real Deal. The purchase price works out to nearly $860,000 per unit. To finance the deal, Related turned to JPMorgan Asset […]
source https://therealdeal.com/2019/02/01/related-closes-on-250m-tribeca-rental-building-with-financing-from-jpmorgan-and-lbbw/
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