Real Estate

Invesco Sells Manhattan Apartment Tower For $381M

by multihousingnews.com posted 9months ago 124 views
The firm sold the 396-unit luxury high-rise community after nearly a decade of ownership. : Eight years after purchasing a 396-unit apartment tower in Manhattan’s NoMad neighborhood, investment management fund Invesco has closed on the sale of luxury high-rise Instrata NoMad to Global Holdings Management Group for $380.6 million, according to public records. The buyer financed the purchase with a $250 million loan from Wells Fargo Bank. Invesco purchased the property back in late 2012 for $300 million from New York-based commercial real estate firm Rose Associates.