Delshah Capital is buying a portfolio of 210 residential units and 12 commercial units centered in Brooklyn, N.Y., from Silvershore Properties for $100.7 million, The Real Deal reported, citing sources familiar with the properties.
The portfolio contains 28 buildings in Brooklyn and two on Manhattan's Lower East Side, the report noted, citing documents Delshah filed with the Tel Aviv Stock Exchange, where the company has issued bonds.
The buyer plans to upgrade the properties and increase their collective net operating income by 31% in two years, the May 21 report noted, citing the documents.
The deal is expected to close in August.
