Meyer Orbach Of GO Residential REIT Acquires Ivy Tower In Manhattan For $380.5M

The transaction involves the acquisition of Ivy Tower, The Lewis, and 445 W 35th St, located at 411 West 35th Street & 444 West 35th Street in the Manhattan market. The asset type is MultiFamily, and the sale price for this transaction is $380,500,000, comprising over 600 units and totaling 533,000 square feet.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $380,500,000
• Buyer: Meyer Orbach - GO Residential REIT
• Seller: Jorge Madruga - Maddd Equities, Joseph Owusu - Joy Construction & Friedman Management
• Closing Timeline: Expected in Q2 pending conditions including TSX approval

The key individuals and companies involved in this deal include Meyer Orbach, representing GO Residential REIT, and sellers Jorge Madruga of Maddd Equities along with Joseph Owusu and Friedman Management. Their collaboration has facilitated this significant transaction in the Manhattan market.