NEW YORK, NY – Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm, announced an investment in a portfolio of four multifamily assets in lower Manhattan. Funds managed by Hamilton Lane have bought an 85% interest in the assets of a family office seller. The portfolio comprises 126 multifamily units and 11,050 square feet of prime ground-floor retail space in the highly desired New York City neighborhoods of the West Village and SoHo.
Dalan Real Estate is a vertically integrated real estate firm specializing in New York City multifamily properties. Dalan will retain its 15% interest in the portfolio and will continue to operate the buildings. Hamilton Lane’s partnership with Dalan leverages the firm’s deep familiarity with the assets and expertise in the real estate space.
“We are excited to partner with Dalan, who has deep knowledge of and familiarity with these strategically located multifamily assets, on this transaction. We had high conviction around the acquisition of these assets, which have resilient tenant demand in a desirable location,” said Elizabeth Bell, Co-head of Real Estate at Hamilton Lane.
“Following a decline in U.S. real estate values of about 20% over the past two years, we believe this is an opportunistic time to invest in high-quality assets in prime locations at attractive entry values. Given the scale of the Hamilton Lane platform and our reputation as a supportive capital partner, we have generated significant deal flow and have the flexibility to invest in real estate through various channels, including primary funds, co-investments, secondaries and joint ventures. We remain keen to continue partnering with experts like Dalan in sectors and locations where we have strong conviction,” she added.
“We are very excited to be partnering with Hamilton Lane on this transaction. We have a high level of conviction and ten years of direct knowledge operating these assets which will position our partnership for immediate success. There continues to be fantastic demand for people to live in these neighborhoods and we don’t expect that to change any time soon,” said Daniel Wrublin, CEO of Dalan Real Estate.

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IRVINE, CA – Bascom Value Added Apartment Investors VI, LLC, which is sponsored by The Bascom Group, launched a new offering of its securities pursuant to Rule 506(c) under the Securities Act of 1933, as amended. Fund VI is focused on continuing to buy apartment properties throughout the U.S. that can be repositioned through value-add renovations, management improvements, recovery from being over leveraged and distressed, or may be trading at a significant discount.
The Fund has been actively raising capital and acquiring property assets. The Fund currently owns five apartment properties with approximately $68 million of equity invested. The Fund is seeking to raise an additional approximately $76 million in equity this offering. Since 1996, Bascom has completed over $22.0 billion in multifamily value-added transactions encompassing 365 multifamily properties and over 105,000 units.
David Kim, Managing Partner, states, “We note that certain leading real estate research firms report that apartment prices have dropped 20%–30% from their 2022 peak due to capital market dislocations, rising interest rates, and oversupply in certain markets. We believe this has made opportunities to buy properties at a discount to peak pricing. In addition, we believe rising mortgage rates and a persistent housing shortage have made homeownership less affordable, resulting in strong demand for rentals. We expect national new housing supply to decline after 2024 and we project rents to increase steadily, which would enable investors to capitalize on inefficiencies and distressed assets in select markets.”
According to the Fund VI Manager, Chad Sanderson, “The Fund sees several potentially attractive investment themes: newer constructed properties trading at discounts to replacement cost, over-leveraged properties that have performed poorly and facing loan maturities, out of favor properties/markets with attractive going in cap rates, properties that have not had the capital invested to compete with newer properties, and areas of distress emerging for certain markets and properties due to oversupply.”
Joe Ferguson, Acquisitions Manager, adds, “The previously bought properties in Fund VI were either bought off-market or through a compromised marketing process. Currently, we believe capital market interest and apartment fundamentals vary from market to market and between product types. We believe these variances are making a buying opportunity for inefficiently priced assets.”

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NEW ORLEANS, LA – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand reopening ceremony at Tivoli Place Apartments, marking the completion of an extensive $35 million rehabilitation of the historic property. Tivoli Place provides 163 units of affordable housing for seniors earning no more than 20-60% of the Area Media Income, and the property’s 8 total 20% AMI units are set aside for Special Needs Households.
Tivoli Place is LAC’s first rehabilitation using Historic Tax Credits and its first in the state of Louisiana. LAC’s investment of more than $35 million brought significant upgrades to the century-ancient building while preserving its historic structure and ensuring it remains designated senior affordable housing.
“Lincoln Avenue Communities is excited to celebrate the reopening of Tivoli Place Apartments,” said David Garcia, LAC Vice President and Regional Project Partner. “This historic rehabilitation ensures access to high-quality affordable housing for seniors in New Orleans and provides residents with new resources and essential services.”
Garcia was joined at the ceremony by representatives from the City of New Orleans and local organizations and businesses including Chase, Stonehenge, Huntington Bank, Finance New Orleans, the Louisiana Housing Corporation, Boston Financial, and Capital One.
“Capital One and Lincoln Avenue Communities have a successful track record of working together to help increase and preserve the supply of affordable housing – a factor in achieving greater economic success in New Orleans and beyond,” said Dan Miller, Capital Officer for Community Finance at Capital One. “Through a financing package that included a Low-Income Housing Tax Credit equity investment and HUD loan, Lincoln Avenue Communities upgraded this historic building and ensured it provides an affordable place to live for years to come.”
Improvements include new central heating and cooling, new plumbing, upgraded finishes, and raised ceiling heights in each unit. New community amenities include a media room, library, fitness center, dining room, bike storage, security upgrades, and health care exam room. LAC also improved the property’s sustainability and resilience by installing new fixtures to reduce the property’s water and power consumption as well as solar panels in the parking lots to offset electricity usage. Residents will have on-site access to preventive health care screenings, exercise classes, mentoring programs, transportation, disability counseling, and other social programs.
Built in 1917, Tivoli Place sits on historic St. Charles Avenue within the Warehouse District, which is part of the City’s Inclusionary Housing Zone designated as a high-cost-of-living area. The neighborhood is home to landmarks including the former city hall, the world’s oldest continually operating streetcar line, the Mississippi River and Caesar’s Superdome.

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