A student housing company has purchased a Lower Manhattan building used as a Pace University dorm for about $101 million. The nonprofit company Educational Housing Services has purchased the 17-story property at 55 John Street from Tessler Developments, according to property records. It had been the sublandlord at the building prior to buying it outright, sources familiar with the deal said. Tessler had purchased the building in 2006 for $38 million from the Chetrit Group, […]
source https://therealdeal.com/2019/09/12/nycs-largest-student-housing-firm-makes-a-101m-gamble-on-owning-its-own-real-estate/
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