Updated Dec 16, 2025
Shemara Wikramanayake Of Macquarie Group Acquires Minority Stake In Waterside Plaza For $800M
20 Waterside Plaza & 30 Waterside Plaza
$800,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 11, 2025
About this deal
AI
The asset involved in the transaction consists of multifamily properties located at 20 Waterside Plaza and 30 Waterside Plaza in Manhattan. The total value of the asset is $800,000,000, with Macquarie acquiring a minority stake of just under 50% through its Macquarie Capital Principal Finance platform. MetLife’s existing debt on the properties remains intact.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $800,000,000
- Buyer: Shemara Wikramanayake - Macquarie Group
- Seller: Bruce Flatt - Brookfield Asset Management
- Market: Manhattan
This transaction featured Shemara Wikramanayake representing Macquarie Group and Bruce Flatt representing Brookfield Asset Management. The deal highlights the continued collaboration between major financial institutions and real estate entities in the New York market.
On the Map
$800,000,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93