| Posted: | 31/May/2007 17:00:00 |
| Author: | Gromco |
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.