HFF, Inc. : HFF closes sale of two Class A residential towers in Manhattan's Upper West Side NEW YORK, NY,April 18, 2013- HFF announced today that it has closed the sale of The Aldyn and The Ashley, two newly-developed, Class A residential towers totaling 345 rental units in Manhattan's Upper West Side. HFF marketed the properties exclusively on behalf of the seller, a joint venture between a global investment management firm and The Carlyle Group. GID purchased the offering for an undisclosed amount free and clear of existing debt. The towers are located along Riverside Boulevard between 62nd and 63rd Streets in the River South neighborhood on the Upper West Side. Completed in 2010, the towers include a mixture of studio, one-, two-, three- and four-bedroom units averaging 1,002 square feet each. In addition to its 136 rental units, the Aldyn includes 150 condominium units, which are not included in this transaction. The two towers have a total of 11,959 square feet of retail space and feature amenities such as a 24-hour doorman, concierge services, resident lounges, landscaped interior courtyard with sun decks and a parking garage. The properties also include LA PALESTRA, a 40,000-square-foot athletic club and spa offering state-of-the-art fitness equipment, indoor pool, game room, bowling alley, rock climbing wall, basketball court, golf simulator, squash court and spa service rooms. The HFF team representing the seller was led by senior managing directors Andrew Scandalios and Jose Cruz along with managing directors Jeff Julien and Kevin O'Hearn and executive managing director Matthew Lawton. The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $170 billion of assets under management across 113 funds and 67 fund of fund vehicles as of December 31, 2012. Carlyle's purpose is to invest wisely and create value. Carlyle invests across four segments - Corporate Private Equity, Real Assets, Global Market Strategies and Solutions - in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs 1,400 people in 33 offices across six continents. GID is a privately-held, globally diversified and fully-integrated real estate organization founded in 1960 that employs more than 650 real estate professionals in multiple offices throughout the United States. During its 52-year history the company has acquired or developed more than 54,000 residential units and in excess of 13 million square feet of commercial space. As of December 31, 2012, GID controls a real estate portfolio consisting of 94 properties located in 17 states, and totaling more than 35 million square feet comprised of more than 19,000 residential units (including 466,315 square feet of commercial and retail space) and more than 3.9 million square feet of commercial space. In addition, GID has more than 12 million square feet of fully entitled properties in its development pipeline. HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales, and commercial loan servicing. www.hfflp.com. ### CONTACTS: ANDREW SCANDALIOS HFF Senior Managing Director (212) 245-2425 firstname.lastname@example.org KRISTEN MURPHY HFF Associate Director, Marketing (713) 852-3500 email@example.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: HFF, Inc. via Thomson Reuters ONE HUG#1693938
HFF, Inc. : HFF closes sale of two Class A residential towers in Manhattan's Upper West Side
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