Hamilton Lane Incorporated (HLNE) Tuesday has invested in a four-property multifamily portfolio in lower Manhattan, acquiring an 85% stake from a family office seller.
The portfolio includes 126 residential units and 11,050 square feet of retail space in West Village and SoHo, two of New York City's most sought-after neighborhoods.
Dalan Real Estate, a firm specializing in NYC multifamily properties, retains a 15% ownership and will continue managing the assets. The partnership benefits from Dalan's deep expertise in these properties and the broader market.
Hamilton Lane sees this as a strategic acquisition, given the strong tenant demand in prime locations. The firm views the current real estate market—following a 20% decline in U.S. property values—as an opportunity to invest in high-quality assets at attractive valuations.
Dalan Real Estate remains confident in the long-term demand for residential properties in these neighborhoods, emphasizing its decade-long operational experience with the assets.
Tuesday, HLNE closed at $157.61, up 1.1%, with no movement in after-hours trading on the Nasdaq Global Select Market.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.