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Carlyle Keeps Buying Brooklyn Small Apartment Buildings

Carlyle Group logoCarlyle Group
Sig2.70Sen+0.40Env0.00Soc+1.40Gov+0.70

The Carlyle Group has continued expanding a multifamily portfolio in Brooklyn after the strategy surfaced years ago. Over the past year and change, it acquired roughly two dozen small multifamily buildings, building a half-billion-dollar collection starting in summer 2021. The firm also bought a 132-unit, 13-story Gowanus property for $105 million with market-rate and affordable units, and closed a real estate fund raising $9 billion.

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