Archstone-Smith To Be Acquired

Archstone-Smith, which manages thousands of NYC apartments, recently announced its intention to be acquired by a partnership of Tishman Speyer and Lehman Brothers in a $22.2 B transaction - one of the largest involving multifamily real estate investment trusts.

The transaction is being financed by equity provided by Tishman Speyer with the balance of the debt and equity capital provided and arranged by Lehman Brothers Inc. and Bank of America.

Sources and Links

1. Archstone-Smith Agrees to Be Acquired by Tishman Speyer Partnership

Related Property Managers

• Archstone

• Tishman Speyer