Years after initial push, Carlyle still racking up Brooklyn buildings
The Carlyle Group’s quest to quietly amass a large multifamily portfolio in Brooklyn came to light four years ago. Since then, the private equity firm has continued growing its holdings in the borough. In the past year and change, Carlyle acquired roughly two dozen small multifamily buildings in Brooklyn, Crain’s reported. The purchases came at a combined price of approximately $90 million, boosting the company’s total portfolio in New York to more than 260 multifamily properties at a cost above $800 million. Carlyle’s strategy typically involves targeting prewar walkups with minimum unit counts, allowing the company to duck select property […]
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