Stonehenge NYC receives strategic investment from Macquarie Capital

Feb 02, 2016, 08:00 ET from Stonehenge NYC

NEW YORK, Feb. 2, 2016 /PRNewswire/ -- Stonehenge NYC, which was founded and is led by Ofer Yardeni, is pleased to announce that Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group ("Macquarie Capital") (ASX: MQG; ADR: MQBKY), has acquired an interest in its Manhattan-focused multifamily real estate management platform. Stonehenge is currently the asset manager, property manager and owner of approximately US$ 3.0 bn in multifamily properties across a portfolio of 23 assets in Manhattan in partnership with several private and institutional investors.

"We are pleased to welcome Macquarie Capital as a strategic partner in what is an exciting development in the evolution of our business," said Ofer Yardeni, Chairman and CEO of Stonehenge NYC. "Macquarie Capital's involvement with our platform will allow us to enhance Stonehenge's visibility amongst institutional investors ensuring that our business continues its growth and strengthens its position in the Manhattan multifamily market."

Eric Wurtzebach, Senior Managing Director US at Macquarie Capital said: "We see Stonehenge NYC as a leader and an innovator in the Manhattan multi-family housing market, particularly in terms of quality assets and management expertise and are excited to strengthen our relationship with them via this investment." Chris Green, Global Head of Real Estate at Macquarie Capital added: "This investment is part of Macquarie Capital's global strategy to partner with high-quality real estate managers, operators and developers to deliver ongoing growth in their businesses. We look forward to a fruitful and successful partnership with Stonehenge NYC and their high caliber team."

About Stonehenge NYC

Stonehenge NYC and its affiliated companies is a vertically integrated, private real estate company with expertise in investment management, property management, development, design, construction and leasing. Stonehenge, together with its investment partners, owns a portfolio of properties in Manhattan valued at approximately $3 billion comprised of 23 income-producing properties with over 3,000 apartments representing over 3.5 million square feet of prime residential space. Stonehenge is recognized for its above-and-beyond customer service platform and five-star lifestyle programming. More information can be found at: www.stonehengenyc.com.

About Macquarie Capital

Macquarie Capital comprises Macquarie Group's corporate advisory, capital markets and principal investing capabilities, with expertise spanning a variety of industry sectors including telecommunications, media, entertainment, gaming, financial institutions, industrials, energy, resources, real estate, infrastructure, utilities and renewables. The real estate team comprises over 70 executives globally and has raised in excess of US$55bn of equity for a large number of real estate ventures. Macquarie Capital combines its deep real estate expertise with capital and has invested in a number of real estate operating companies supporting these groups to expand their platforms.

CONTACT
Abigail Rickards
Stonehenge NYC
646.878.2054
arickards@stonehengenyc.com  

SOURCE Stonehenge NYC



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