New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
DFA’s $400M Manhattan Deal Puts Portfolio Past $3B Mark
Deutsche Finance America (DFA) now has $3 billion of closed investments in the U.S., following the $400-million off-market acquisition of 530 Broadway in Lower Manhattan’s Soho neighborhood. The historic 198,000-square-foot office and retail property, built in 1900, was acquired on behalf of DFA’s Prime U.S. Office fund.
Established in 2018 by Denver-based managing partner Jason Lucas and parent company Deutsche Finance Group, the U.S. private equity investment platform DFA has successfully acquired 11 investments totaling approximately $1.5 billion of equity and $3.1 billion of total projected capitalization.
The investments include joint ventures with local, national, and international partners for residential, hotel, life sciences, student housing projects and, most recently, a focus on prime gateway office investment opportunities. DFA’s properties are located in New York City, Beverly Hills, Miami Beach, Boston, Boulder, CO and Minneapolis.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
