SL Green Teams with Stonehenge Partners to Acquire NYC Retail/Residential Portfolio

-
By SL Green Realty -

New York, NY – October 3, 2011 – (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) today announced that it has formed a venture with Stonehenge Partners and entered into a contract to acquire eight retail and multifamily properties for $416 million. Stonehenge, one of New York City’s most prominent multifamily property operators, will reposition and manage the residential portion of the portfolio. The transaction is expected to be completed in the first quarter of 2012

RELATED ARTICLESMORE FROM AUTHOR

Previous articleBoomers and Elders Housing Report: More Americans Age 50+ Find Housing Unaffordable
Next articleHarris County, Texas, Commissioner Pleads Guilty to Making a False Statement to FBI; Real Estate Developer Pleads Guilty to False Tax Statement