Carlyle Group Secures $57.8M Loan From Invesco Real Estate For Brooklyn And Queens Properties

Carlyle Group has secured a $57.8 million loan from Invesco Real Estate to finance the acquisition of 27 properties in Brooklyn and Queens. The properties consist of multi-family and mixed-use buildings, totaling approximately 96,802 square feet of space. The portfolio includes 96 residential units, making it a significant investment in the Bushwick and Bedford Stuyvesant neighborhoods.

Summary of transaction details

• Property Type: MultiFamily & Mixed-use
• Transaction Amount: $57,755,016
• Address: 1217 Decatur Street, 212 Malcolm X Boulevard & 116 Wyckoff Avenue
• Market: Bushwick & Bedford Stuyvesant, Brooklyn
• Building Square Footage: 96,802
• Number of Units: 96

The loan provided by Invesco Real Estate will enable Carlyle Group, represented by Jason Hart, to further expand their portfolio in Brooklyn and Queens. This transaction reflects the ongoing investment activity and confidence in the neighborhoods of Bushwick and Bedford Stuyvesant, demonstrating the potential for growth and returns in the local real estate market.