Announced
Completed
Financials
Tags
Majority
property assets
Single Bidder
Private
Friendly
Real Estate
Domestic
Completed
United States
Real Estate Holding and Development
Acquisition
Synopsis
TF Cornerstone, a real estate development company, completed the acquisition of The Berkley from Trinity Place Holdings, a real estate company, for $71m. “We took advantage of the current market to make this opportunistic sale. This further bolsters our investment thesis that even when interest rates are volatile and rising, high-quality multifamily assets in prime New York City neighborhoods remain in strong demand,” Matthew Messinger, Trinity Place Holdings CEO and President.
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