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Calpers Said to Buy 345 NYC Apartments for $400 Million

The California Public Employees’ Retirement System bought 345 apartments in two adjacent Manhattan towers from a partnership including Carlyle Group LP, gaining rentals in New York as lease rates approach a peak.

The purchase includes 136 units in the Aldyn on Riverside Boulevard and the 209-unit Ashley on West 63rd Street, HFF Inc., the broker on the sale, said in an e-mailed statement, which didn’t include the transaction’s terms. Calpers, as the Sacramento-based fund is known, made the purchase through Boston-based GID Investment Advisers LLC, the pension’s real estate manager for residential transactions.