MSREF bought the building from Japanese Sony (TYO: 6758) in 2008 for a price estimated at EUR600m (USD900.9m).
MSREF appointed BNP Paribas Real Estate, a unit part of French lender BNP Paribas (BNPP.PA) (LSE: BNP) (OTC: BNPQY) to manage the transaction.
Simon and MSREF
will each own 32.5 percent of the enterprise, while SZITIC CP will own 35 percent.
19 July 2010 - US financial group Morgan Stanley (NYSE:MS) is examining options to curtail its investment in the MSREF
family of real-estate funds, the Wall Street Journal wrote on Monday.
Prior to forming Normandy, Welsh managed the United States debt financing activities for the Morgan Stanley Real Estate Funds (MSREF
CIF is co-managed by The Morgan Stanley Real Estate Funds (MSREF
), an affiliate of Morgan Stanley, and Fisher Brothers.
The group represented JP Morgan in the $2.4 billion opportunity fund financing of Lone Star Opportunity Funds V, the $1.7 billion financing of Morgan Stanley's MSREF
V International Fund, and the soon to be $!.4 billion financing of Lehman Brothers Real Estate Fund II and Lehman Brothers Real Estate Mezzanine Fund.
180 Madison Avenue represents the last property to be sold through SL Green's highly successful joint venture with MSREF. Formed in 1999, the joint venture completed four acquisitions totaling $150 million.
The partners continue to pursue opportunities through a second joint venture between SL Green and the City Investment Fund, an affiliate of MSREF. Acquisitions under the new joint venture arrangement include 19 West 44th Street and 485 Lexington Avenue.
investment opportunities and led MSREF
's investing activities in New York City.