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Transactions - APRIL 13, 2021

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Neo Capital announces $73m JV purchase of property in U.S.

by Andrea Zander

Dubai-based Neo Capital, with its partner Monday Properties, has acquired Harbor Landing, a five-story, 95 percent leased class A multifamily asset in Stamford, Conn. The sales price was $73 million.

It follows major Neo Capital acquisitions in Arlington, Va., and the Netherlands in 2020, and further underscores the company’s strategic trans-Atlantic asset portfolio.

The waterfront Harbor Landing property, which sits on almost three acres within the Harbor Point neighborhood, features studio, one- and two-bedroom apartments with high-quality finishes, and offers a range of premium amenities including pool, a club room, a fitness center and an expansive outdoor sundeck equipped with fire pits, outdoor TVs and grills.

Harbor Landing is an attractive option for New York City commuters. The property offers a substantial discount for New York City multifamily renters, and is located only 1 kilometer (0.6 miles) from Stamford Transportation Center, offering direct a

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