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.

Sub Markets

Property Sectors


New York & Tri-State  + Fairfield/Westchester  + Apartments  | 
MC Real Estate Partners and Tokyo Trust Capital acquired Nob Hill Apartments in the Westchester County community of Elmsford, NY

MC Real Estate, Tokyo Trust Partner on Westchester Apartments 

MC Real Estate Partners LLC (MCRE) and Tokyo Trust Capital (TTC) completed the acquisition of The View on Nob Hill Apartments, a 416-unit apartment complex in Elmsford, NY, through an off-market transaction on behalf of a large Japanese financial institution. MCRE and TTC expect that this is the first of a series of investments in the multifamily segment tailored to their Japanese capital relationships. 

The apartment complex, situated on 24 acres overlooking the Saw Mill River Parkway, was acquired from an Ares Management investment fund. It’s currently 97% leased. 

This transaction is the third collaboration between MCRE and TTC, and their first multifamily deal together. “Ares has done a terrific job restoring the property to its proper place as an important, mid-market option in Westchester,” said Andy Nathan, managing principle of MCRE. “We look forward to building upon their efforts to provide solid and attractive housing for the residents.


Inside The Story

MC Real Estate

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition