The Real Deal New York

Terra Holdings snaps up property management firm Caran

February 10, 2011 03:01PM

Terra Holdings said today that it has acquired the assets of property management firm Caran Properties and will begin operating it as a division of the Halstead Management Companies, effective immediately. Among the Caran properties that will be folded into Halstead’s portfolio are 200 West End Avenue, Sky House, Place57, the Astor and the Shepherd House. Caran’s Sherry Frankel and Martha Goupit will run the new Caran Management team for Terra, and will move into the Terra headquarters at 770 Lexington Avenue. Terra did not disclose the financial details of the merger. TRD

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