
From left: Robert Nelson, owner of Nelson Management, William Mack, CEO of Area Property Partners, and the Boynton Lafayette Houses
Global One Real Estate Fund, an entity controlled by Robert Nelson of Nelson Development, has purchased the Lafayette-Boynton Houses, a middle-income rental complex in the Bronx, Nelson told The Real Deal today.
Global One paid Area Property Partners $51.5 million for the 972-unit property, according to city property records, in conjunction with a joint venture between L + M Development Partners and Citibank.
Nelson Development currently owns Hillside Homes, a 144-unit building on Seymore Avenue in the Bronx, and Atlantic Towers, a 718-unit complex on Atlantic Avenue in Brooklyn. [more]



