### Hamilton Lane Acquires Majority Stake in Lower Manhattan Portfolio
Funds managed by investment management firm Hamilton Lane have acquired an 85% interest in a portfolio of properties from family office seller Dalan Real Estate for $74 million. The portfolio includes 126 multifamily units and 11,050 square feet of ground-floor retail space in the West Village and SoHo.
Dalan Real Estate will retain a 15% ownership stake and continue to operate the buildings.
“We are excited to partner with Dalan, who has deep knowledge of and familiarity with these strategically located multifamily assets, on this transaction. We had high conviction around the acquisition of these assets, which have resilient tenant demand in a desirable location,” said Elizabeth Bell, co-head of real estate at Hamilton Lane.
Bell further emphasized the investment opportunity, noting, “Following a decline in U.S. real estate values of about 20% over the past two years, we believe this is an opportunistic time to invest in high-quality assets in prime locations at attractive entry values.”
