Henderson Global Investors Buys 177 Units

NEW YORK CITY-Chicago-based Henderson Global Investors has acquired a multifamily property here. The residential buildings, located at West 107th Street on the Upper West Side, mark Henderson’s first investment in the city and were acquired on behalf of Henderson’s CASA IV Fund. Sources close to the deal tell GlobeSt.com that they cannot disclose the acquisition price at this time.

Henderson recently closed the equity raising phase of the CASA IV Fund–with five Institutional Investors–and is currently in the investment phase. This particular buy marks Henderson’s first acquisition with its newest joint venture partner, the Dermot Co., the latest real estate operator/developer to join Henderson’s Manager of Partners Program.

The West 107th Street acquisition is a six-story property consisting of three contiguous buildings with 177 units or 135,800 sf. Built in 1909, the property is a value-add investment opportunity and includes a development component and a significant unit rehabilitation program, according to a company statement. A Henderson source tells GlobeSt.com that the addresses of the acquisitions are 210, 220 and 230 W. 107th St.