RXR recently acquired a 45 percent stake in a multifamily portfolio on Manhattan’s Upper East Side, including the 45-story rental tower at 265 East 66th Street and 20 adjacent townhouses. The investment reflects continued confidence in New York City’s high-quality residential assets, even amid broader market uncertainty.
Russ Young, Executive Vice President of RXR’s Investment Management Group, spoke about the firm’s confidence in the market and partnership with GO Partners sharing, “RXR is pleased to expand our longstanding relationship with the GO Partners team by providing a strategic investment in a premier Upper East Side asset, which includes implementing a value-enhancement strategy aimed at further strengthening the property’s long-term positioning.”
