Hamilton Lane, a global private markets investment management firm, announced an investment in a portfolio of four multifamily assets in lower Manhattan. Funds managed by Hamilton Lane have acquired an 85 percent interest in the assets of a family office seller. The portfolio comprises 126 multifamily units and 11,050 square feet of prime ground-floor retail space in the New York City neighborhoods of the West Village and SoHo.
Dalan Real Estate is a vertically integrated real estate firm specializing in New York City multifamily properties. Dalan will retain its 15 percent interest in the portfolio and will continue to operate the buildings. Hamilton Lane's partnership with Dalan leverages the firm's deep familiarity with the assets and expertise in the real estate space.
"Following a decline in U.S. real estate values of about 20 percent over the past two years, we believe this is an opportunistic time to invest in high-quality assets in prime locations at attractive
