Hamilton Lane Partners with Dalan Real Estate to Acquire $74 million NYC Multifamily Portfolio
- Editor
- Mar 25
- 2 min read
Whats Happening:
Hamilton Lane, a global private markets investment management firm, has acquired an 85% interest in a portfolio of four multifamily assets in lower Manhattan. The $74 million portfolio comprises 126 multifamily units and 11,050 square feet of prime ground-floor retail space in the West Village and SoHo neighborhoods. Dalan Real Estate, a vertically integrated real estate firm specializing in New York City multifamily properties, will retain a 15% interest and continue to operate the buildings.
Key Moves:
Hamilton Lane acquires 85% stake in $74M NYC multifamily portfolio
Dalan Real Estate retains 15% interest and will continue to operate the buildings
Portfolio includes 126 multifamily units and 11,050 sq ft of retail space in West Village and SoHo
By The Numbers:
Hamilton Lane's Real Estate platform represents $109B in AUM as of Dec 31, 2024
Hamilton Lane has $956B in total assets under management and supervision
Dalan Real Estate's current portfolio consists of over 60 properties across 3mm square feet
Key Quotes:
"We are excited to partner with Dalan, who has deep knowledge of and familiarity with these strategically located multifamily assets, on this transaction," said Elizabeth Bell, Co-head of Real Estate at Hamilton Lane.
"We believe this is an opportunistic time to invest in high-quality assets in prime locations at attractive entry values," added Elizabeth Bell.
"We have a high level of conviction and ten years of direct knowledge operating these assets which will position our partnership for immediate success," said Daniel Wrublin, CEO of Dalan Real Estate.
Bottom Line:
Hamilton Lane's acquisition of a majority stake in this NYC multifamily portfolio demonstrates the fund's strategic focus on high-quality real estate assets in prime locations. The partnership with Dalan Real Estate leverages local expertise and aligns with Hamilton Lane's flexible investment approach across various channels in the real estate sector. This move reflects the fund's confidence in the resilience of well-located multifamily assets, even amid recent market fluctuations.
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