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REA
March 21, 2018  

Dutch Pension Buys 30% Stake in NY Rentals

A Dutch pension-fund manager has acquired a 30% stake in a new Manhattan apartment building, in a deal that valued the luxury property at $650 million.PGGM, the second-largest pension manager in the Netherlands, purchased the interest in the 616-unit building, at 21 West End Avenue, from a joint venture between Carlyle Group of Washington and Greenfield Partners of Westport, Conn. HFF brokered the sale, which closed in the past month.The other...


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