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Macquarie Buys Stake in Stonehenge NYC

NEW YORK CITY—The move will increase Stonehenge's visibility, says chairman and CEO Ofer Yardeni.

By Rayna Katz | raynakatz | | Updated on February 03, 2016

NEW YORK CITY— Macquarie Group has acquired an interest in Stonehenge NYC . Stonehenge is currently the asset manager, property manager and owner of approximately $3 billion of multifamily properties across a portfolio of 23 assets in Manhattan, in partnership with several private and institutional investors. “We are pleased to welcome Macquarie Capital as a strategic partner in what is an exciting development in the evolution of our business,” says Ofer Yardeni , chairman and CEO of Stonehenge NYC. “Macquarie Capital’s involvement with our platform will allow us to enhance Stonehenge’s visibility amongst institutional investors ensuring that our business continues its growth and strengthens its position in the Manhattan multifamily market.” Adds Eric Wurtzebach , senior managing director US at Macquarie Capital, “We see Stonehenge NYC as a leader and an innovator in the Manhattan multi-family housing market, particularly in terms of quality assets and management expertise and are excited to strengthen our relationship with them via this investment.” Chris Green , global head of real estate at Macquarie notes, “This investment is part of Macquarie Capital’s global strategy to partner with high-quality real estate managers, operators and developers to deliver ongoing growth in their businesses. We look forward to a fruitful and successful partnership with Stonehenge NYC.”

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