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amilton Lane, a pioneering private markets investment management firm, has made a strategic move in the New York City real estate market. The company has partnered with Dalan Real Estate to acquire an 85% stake in a portfolio of four multifamily assets in lower Manhattan's coveted neighborhoods of the West Village and SoHo.

    This acquisition brings Hamilton Lane's funds a significant presence in the city's prime residential areas, with 126 units and 11,050 square feet of retail space under their management. Dalan Real Estate, a vertically integrated real estate firm specializing in NYC multifamily properties, retains its 15% interest and will continue to operate the buildings.

    "We're thrilled to collaborate with Dalan, whose expertise in these assets is unparalleled," said Elizabeth Bell, Co-head of Real Estate at Hamilton Lane. "We saw immense potential in this acquisition, driven by resilient tenant demand in a highly desirable location."

    Bell noted that the current market conditions offer an opportune time for investing in high-quality assets like these, citing a 20% decline in U.S. real estate values over the past two years. With its extensive platform and reputation as a supportive capital partner, Hamilton Lane has generated significant deal flow and can invest through various channels.

    Dalan Real Estate's CEO, Daniel Wrublin, expressed enthusiasm for the partnership, highlighting his team's decade-long experience operating these assets. "We're confident that our combined expertise will drive immediate success in this venture," he said, pointing to sustained demand for housing in these neighborhoods.