Macquarie Capital has made its first investment in a US real estate platform since the global financial crisis, taking an interest in a Manhattan-focused multifamily platform.
The company said it took a stake in Stonehenge NYC, which manages and owns a $3bn (€2.75bn) portfolio of Manhattan properties.
Macquarie said its investment in a portfolio of 23 assets was made in partnership with several private and institutional investors.
Chris Green, global head of real estate at Macquarie, said the investment was part of a global strategy to partner with “high-quality real estate managers, operators and developers to deliver ongoing growth in their businesses”.
Ofer Yardeni, chairman and chief executive at Stonehenge NYC, said Macquarie Capital’s involvement with the platform would enhance Stonehenge’s visibility among institutional investors.
US multifamily and industrial tied for first place as preferred property types in a recent survey by the Association of Foreign Investors in Real Estate.
Most investors plan to increase their exposure to US real estate in 2016, the survey found, with 64% of respondents expecting modest or major increases in their investment this year.