TF Cornerstone completed the acquisition of The Berkley from Trinity Place Holdings for $71m.

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.