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The 344-unit portfolio was acquired by Olivetree Management and financed with $57 million in Fannie Mae loans.
They are retail buildings in Williamsburg.
More than 190,000 sf of space is still available.
They total 288 units and have some retail space as well.
Valley Bank, IBD Bank and Mavik Capital Management are providing the financing.
The company signed 66,014 square feet worth of retail leases.
The property is comprised of 160 units.
The buildings measure 6.4 million square feet.
It sold three properties, netting $222.7 million.
The Dinerstein Companies was the seller.