trending Market Intelligence /marketintelligence/en/news-insights/trending/x6vRHmg0jusGQkmjExS05A2 content esgSubNav
In This List

Centurion Property acquires NYC apartment building for $227M

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Centurion Property acquires NYC apartment building for $227M

Centurion Property Investors paid approximately $227.2 million to acquire the 196-unit The Corner apartment building in New York City from TH Real Estate, Commercial Observer reported, citing property records.

The deal for the rental tower at 200 W. 72nd St. closed Dec. 20, 2018, the news outlet added. Centurion funded the purchase using a $204 million loan from KKR Real Estate Finance.

TH Real Estate's parent, teachers' pension fund TIAA, reportedly acquired the property in 2011 for $209 million.

Commercial Observer could not get a comment from KKR Real Estate Finance or Centurion.