When Westbury’s Westwood Village Apartments and six other multifamily properties hit the Long Island market last year, 15 bidders submitted offers. The portfolio’s “durable and reliable cash flow” was a big draw, said CBRE vice chair Jeffrey Dunne, who along with a team of colleagues represented the seller, a unit of Dallas-based Lone Star Funds. Dunne, whose capital markets group focuses on the Tri-State area, said the ability to improve amenities and interiors offered investors […]
source https://therealdeal.com/tristate/issues_articles/why-2k/#new_tab
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