Hamilton Lane Partners with Dalan Real Estate to Acquire $74 million NYC Multifamily Portfolio

Core Insights - Hamilton Lane has acquired an 85% interest in a portfolio of four multifamily assets in lower Manhattan, comprising 126 multifamily units and 11,050 square feet of retail space in desirable neighborhoods [1][2] - Dalan Real Estate retains a 15% interest in the portfolio and will continue to manage the properties, leveraging its expertise in the New York City multifamily market [2][5] - The investment comes after a 20% decline in U.S. real estate values over the past two years, positioning it as an opportunistic time to invest in high-quality assets at attractive entry values [4] Company Overview - Hamilton Lane has over 25 years of experience in real estate investment, managing nearly $109 billion in assets as of December 31, 2024 [6] - The firm specializes in private markets investing and has a total of$956 billion in assets under management, including approximately $135 billion in discretionary assets [7] - Dalan Real Estate operates a portfolio of over 60 properties, with more than 3,000 residential and 100 commercial units, totaling over 3 million square feet and$2.5 billion in assets under management [8]