Rose tapped to manage Riverton

TRD New York /
Apr.April 08, 2010 05:36 PM

Property manager and developer Rose Associates has been named the exclusive managing agent for the Riverton Square apartment complex in Harlem, as The Real Deal first reported as a likelihood last month. The 1,230-unit complex, which is located between Fifth Avenue and the Harlem River and runs between 135th and 138th streets, is infamous for the rise and fall of its former landlord, Lawrence Gluck, who bought the property for $135 million in 2005 and refinanced it with a $225 million mortgage. The complex’s title was sold to special servicer CWCapital Asset Management at auction March 11 for $125 million. Jeffrey Heifetz, managing director with Rose Associates, said that cooperation with tenants will be of paramount importance to the company. “We are currently in the process of evaluating services at the property and identifying ways to enhance resident satisfaction,” Heifetz said in a written statement. “We look forward to maintaining a dialogue with residents and community leaders.” As manager, Rose will be responsible for the day-to-day management and upkeep at the 13-building, 12-acre complex. TRD


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