The Circle of Life: Lenox Hill co-op passes from one hedge funder to another

Marc Lasry sold the apartment to William Reeves

UPDATED, Tuesday, Jan. 15 at 9:58 a.m.: The keys are changing hands, but the owners are still hedge funders.

Marc Lasry, the billionaire co-founder of investment firm Avenue Capital Management, just sold his $9.5 million on a one-bedroom, two-bathroom apartment at 812 Fifth Avenue. Lasry is a co-owner of the NBA’s Milwaukee Bucks.

The apartment, which overlooks Central Park, was bought by William Reeves, co-founder of hedge fund BlueCrest Capital Management. Reeves and his wife are the backers of Unbound Philanthropy, a private foundation that supports migrant and refugee rights. Right-wing website Breitbart dubbed Reeves “the George Soros of Hawaii,” for his support of migrant causes.

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The 4,200-square-foot unit, designed by French architect Joseph Dirand, includes 2,000 square feet of terrace space. The Modlin Group had the listing.

Ralph Nakash, who outbid Eric Trump for the $41 million Versace Mansion in Miami, also owns an apartment in the building. He bought the unit from real estate titan Morton Olshan for $6.9 million in 2012.

Correction: An earlier version of this story had Lasry as the buyer, not the seller. He sold the unit to Reeves.

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The Circle of Life: Lenox Hill co-op passes from one hedge funder to another

Marc Lasry sold the apartment to William Reeves

UPDATED, Tuesday, Jan. 15 at 9:58 a.m.: The keys are changing hands, but the owners are still hedge funders.

Marc Lasry, the billionaire co-founder of investment firm Avenue Capital Management, just sold his $9.5 million on a one-bedroom, two-bathroom apartment at 812 Fifth Avenue. Lasry is a co-owner of the NBA’s Milwaukee Bucks.

The apartment, which overlooks Central Park, was bought by William Reeves, co-founder of hedge fund BlueCrest Capital Management. Reeves and his wife are the backers of Unbound Philanthropy, a private foundation that supports migrant and refugee rights. Right-wing website Breitbart dubbed Reeves “the George Soros of Hawaii,” for his support of migrant causes.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The 4,200-square-foot unit, designed by French architect Joseph Dirand, includes 2,000 square feet of terrace space. The Modlin Group had the listing.

Ralph Nakash, who outbid Eric Trump for the $41 million Versace Mansion in Miami, also owns an apartment in the building. He bought the unit from real estate titan Morton Olshan for $6.9 million in 2012.

Correction: An earlier version of this story had Lasry as the buyer, not the seller. He sold the unit to Reeves.

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