Global One Real Estate Fund Acquires Promenade Apartments
Blank Rome represented Global One Real Estate Fund in connection with its $18.5 million acquisition of the Promenade Apartments, a state-administered Mitchell-Lama building at 150 W. 225 St. in New York.
Global one purchased the 318-unit, 32-story property in conjunction with the NYAH Preservation Fund, a joint venture of Citi Community Capital and L&M Development Partners.
The transaction is noted in the New York Law Journal on November 6, 2013.
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