New York—Macquarie Capital acquired an interest in Stonehenge NYC’s Manhattan-focused multifamily real estate management platform, which presently consists of approximately $3 billion worth of assets.
“We see Stonehenge NYC as a leader and an innovator in the Manhattan multifamily housing market, particularly in terms of quality assets and management expertise and are excited to strengthen our relationship with them via this investment,” Eric Wurtzebach, Macquarie Capital’s senior managing director U.S., said.
Stonehenge and its investment partners own a Manhattan portfolio consisting of 23 income-producing properties with over 3,000 apartments representing more than 3.5 million square feet of prime residential space.
“We are pleased to welcome Macquarie Capital as a strategic partner in what is an exciting development in the evolution of our business,” Ofer Yardeni, Stonehendge NYC’s chairman and CEO, said. “Macquarie Capital’s involvement with our platform will allow us to enhance Stonehenge’s visibility amongst institutional investors ensuring that our business continues its growth and strengthens its position in the Manhattan multifamily market.”