An affiliate of the Carlyle Group has closed on the majority stake in a 43-story Midtown rental tower for about $251 million, property records show. The move brings the firm together with long-time owner Stonehenge NYC in a joint venture to recapitalize the Ritz Plaza, a 1980s-era, 479-unit complex, with a $235 million first mortgage from Deutsche Bank, Carlyle added in a press release. Carlyle Property Investors, the real estate fund sponsored by the private […]
source https://therealdeal.com/2019/05/10/carlyle-takes-majority-stake-in-ritz-plaza-rental-building-for-251m/
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