Pursuits
NYC Apartment Investors Seek Big Returns by Buying Small
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Invesco Real Estate, manager of almost $50 billion of property investments, wanted to expand the number of apartment buildings it owned in Manhattan. To do so, it had to start thinking small.
The Dallas-based company, which has more than 51,000 apartments across the U.S., entered a partnership in October to buy a 48-unit property on East 86th Street for $76 million.