CONSHOHOCKEN, PA — Hamilton Lane (Nasdaq: HLNE) has announced its acquisition of an 85% interest in a portfolio of four multifamily assets in lower Manhattan. The transaction, made through funds managed by the firm, reflects its strategy to invest in high-quality real estate in sought-after locations.
Located in the West Village and SoHo, two of New York City’s most desirable neighborhoods, the portfolio includes 126 multifamily units and 11,050 square feet of premium ground-floor retail space. These assets are positioned to benefit from the area’s enduring tenant demand, providing an attractive foundation for long-term value creation.
Hamilton Lane has partnered with Dalan Real Estate, a vertically integrated firm specializing in New York City multifamily properties. Dalan, which retains a 15% ownership stake, will continue managing the portfolio with its established operational expertise and deep knowledge of the buildings.
This collaboration between Hamilton Lane and Dalan leverages both firms’ strengths, combining Hamilton Lane’s extensive investment platform and reputation as a capital partner with Dalan’s established foothold in the Manhattan multifamily real estate market. The deal also highlights the resurgence of high-demand areas like lower Manhattan amidst broader trends in the real estate market, where selective investment opportunities are becoming increasingly significant.
With its focus on prime locations and strategic partnerships, Hamilton Lane continues to position itself as an industry leader in sourcing and managing high-caliber real estate assets. The investment in lower Manhattan underscores the firm’s confidence in the enduring resilience and desirability of these neighborhoods.
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