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Transactions - MARCH 22, 2019

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Brookfield offers for sale six Manhattan apartment properties

by Andrea Zander

Brookfield Property Partners is seeking $1.5 billion for six apartment properties with 3,962 units in Manhattan, reported The Real Deal.

The company has hired Cushman & Wakefield to market the properties, which could be sold separately or as a portfolio.

The properties are: 3333 Broadway near Columbia University; The Heritage at 1295 Fifth Ave.; The Miles at 1990 Lexington Ave. and The Parker at 1890 Lexington Ave. in East Harlem; River Crossing at 1940 First Ave. on the Upper East Side; and Roosevelt Landings at 552 Main St. on Roosevelt Island.

Brookfield acquired a majority stake in the properties in 2014 from Urban American Management.

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