Lone Star Funds, which just sold a $1.1 billion portfolio of garden apartments to Kushner Companies, just sold another group of properties on Long Island for nearly $500 million. Fairfield Properties and Maryland-based real estate investor FCP paid $472.5 million to purchase the seven-property portfolio spanning 1,496 units, the buyers told The Real Deal. “The locations fit perfectly into our portfolio,” Fairfield managing partners Gary Broxmeyer and Michael Broxmeyer said in a joint statement, adding […]
source https://therealdeal.com/2019/03/01/lone-star-sells-long-island-garden-apartments-for-nearly-500m/
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