Hamilton Lane Acquires 85% Stake in Manhattan Multifamily Portfolio

Hamilton Lane has acquired an 85% stake in a multifamily portfolio consisting of 126 residential units and 11,050 square feet of retail space in Manhattan's West Village and SoHo neighborhoods. The investment comes from a family office seller, with Dalan Real Estate retaining a 15% interest and managing the properties. This strategic move is part of Hamilton Lane's broader strategy to capitalize on opportunities in prime real estate locations following a significant downturn in U.S. property values. Elizabeth Bell, Hamilton Lane's Co-head of Real Estate, expressed confidence in the resilient tenant demand in these desirable areas. Both firms are eager to leverage their expertise and market knowledge to ensure the success of the partnership. The acquisition underscores Hamilton Lane's strong financial position and its emphasis on investing in high-quality assets at attractive valuations.