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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.