Tishman Speyer’s $22.2 billion buyout of REIT Archstone-Smith will add more than 3,000 New York City apartments to Tishman Speyer’s portfolio. The mega-landlord now controls about 14,500 housing units in the city. Archstone-Smith owned at least nine buildings in Manhattan and one in Brooklyn Heights, and its apartments rent at market rates. more [NYO]
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With buyout, Tishman owns 14,500 NYC apartments
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