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Alpaca Real Estate and Hope Street Recapitalize The Axel Residential Asset

Alpaca Real Estate and Hope Street Recapitalize The Axel Residential Asset

10/15/24, 3:59 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgnew york
Money
$300 million
Industry
real estate investment
real estate
Type
partnership
Alternative investment management firm Alpaca Real Estate announced a partnership with Hope Street Capital to recapitalize The Axel, a 97% leased 29-story, 284-unit Class A trophy residential property in Brooklyn, in a transaction valued at approximately $300M. The central location of the property has also attracted high-quality commercial tenants and features skyline views along with resort-style amenities.

Company Info

Company
Alpaca Real Estate
Location
new york, united states
Additional Info
Alpaca is an alternative investments firm dedicated to the creation of real value at the intersection of the physical and digital worlds through investments in venture capital and real estate. Founded in 2012, the Firm has a 6-member leadership team consisting of subject matter experts with a breadth of experience and complementary skills to drive value. Alpaca uncovers investment opportunities through its intentional, thesis-driven approach rooted in research and executes value driven business plans with focus and dedication. Alpaca VC’s early- and mid-stage funds invest in PropTech, Commerce Enablement, Supply Chain, FinTech, Blockchain Infrastructure, and Marketplaces sectors across the U.S. and Canada. ARE focuses on opportunistic, select development/redevelopment real estate investments in U.S. residential, industrial, and adjacent sectors. For more information, visit https://www.alpacarealestate.com and https://www.alpaca.vc.