NEW YORK--(BUSINESS WIRE)--Insert after second paragraph of release dated September 30, 2016: Eastdil Secured acted as advisor to both Rockpoint and DTH Capital.
The corrected release reads:
ROCKPOINT GROUP AND DTH CAPITAL ANNOUNCE SALE OF 63 AND 67 WALL STREET
Rockpoint Group LLC (“Rockpoint”) and DTH Capital Inc. (“DTH Capital”) announced today that an affiliate of Rockpoint has acquired 63 and 67 Wall Street from affiliates of DTH Capital. The two residential properties occupy a full city block on Wall Street in the heart of the Financial District of Manhattan. Terms of the transaction were not disclosed.
Formerly serving as the headquarters for Brown Brothers Harriman & Co. and the Munson Shipping Company, 63 and 67 Wall Street were converted to residential use and now feature over 800 modern rental apartments. Both buildings include amenity spaces for residents, on-site parking, and ground floor retail space. The buildings are also within close proximity to public transportation and several landmarks in Lower Manhattan including One World Trade Center, the New York Stock Exchange, and South Street Seaport.
Eastdil Secured acted as advisor to both Rockpoint and DTH Capital.
Rockpoint Group, L.L.C. is a real estate private equity firm headquartered in Boston, with additional primary offices in Dallas and San Francisco. Since 1994, Rockpoint’s founding Managing Members with others have sponsored thirteen commingled funds and related co-investment vehicles, raising over $18 billion in capital commitments and investing approximately $14 billion of equity in over 380 transactions with a total capitalization of approximately $50 billion. Rockpoint employs a fundamental value approach to investing in both its opportunistic and lower-risk strategies and focuses on select product types and geographic regions, with a primary emphasis on opportunities in major coastal markets in the United States.
About DTH Capital Inc.
DTH Capital is a real estate development and investment management firm with a successful track record repositioning landmark office buildings into luxury multi-family properties. DTH Capital currently manages a $1.5 billion portfolio of apartment properties concentrated in New York City. The firm’s growth strategy is focused on applying its valuable experience, gained from completing complicated change of use conversions, to other asset classes and expanding its geographic market area. DTH Capital is owned by the Eastbridge Group, a European private investment company, and AG Real Estate, a subsidiary of AG Insurance, Belgium’s largest insurance company and real estate investor.