Stonehenge NYC, which was founded and is led by Ofer Yardeni, announced that Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, has acquired an interest in its Manhattan-focused multifamily real estate management platform.
Stonehenge is currently the asset manager, property manager and owner of approximately $3 billion in multifamily properties across a portfolio of 23 assets in Manhattan in partnership with several private and institutional investors.
“We are pleased to welcome Macquarie Capital as a strategic partner in what is an exciting development in the evolution of our business,” said Ofer Yardeni, Chairman and CEO of Stonehenge NYC. “Macquarie Capital’s involvement with our platform will allow us to enhance Stonehenge’s visibility amongst institutional investors ensuring that our business continues its growth and strengthens its position in the Manhattan multifamily market.”
Eric Wurtzebach, Senior Managing Director US at Macquarie Capital added: “We see Stonehenge NYC as a leader and an innovator in the Manhattan multi-family housing market, particularly in terms of quality assets and management expertise and are excited to strengthen our relationship with them via this investment.”
Chris Green, Global Head of Real Estate at Macquarie Capital added: “This investment is part of Macquarie Capital’s global strategy to partner with high-quality real estate managers, operators and developers to deliver ongoing growth in their businesses.