Funds, managed by Strategic Value Partners, LLC, One Investment Management Ltd, Columbia Property Trust, Inc. and RXR Realty LLC acquired 829-Unit Hudson House from The Manhattan Building Company on May 14, 2025. The complex transaction included a refinancing of the existing senior mortgage with a new loan from affiliates of Apollo Global Management, which will help fund construction completion, lease-up and additional enhancements.

JLL advised Manhattan Building Company on certain aspects of the transaction while Cushman & Wakefield advised certain participants on the acquisition and recapitalization. Davis Polk & Wardwell LLP acted as legal advisor for Strategic Value Partners, LLC. Gibson, Dunn & Crutcher LLP acted as legal advisor for Strategic Value Partners, LLC. Milbank LLP acted as legal advisor for Strategic Value Partners, LLC. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor for Strategic Value Partners, LLC.

Funds, managed by Strategic Value Partners, LLC, One Investment Management Ltd, Columbia Property Trust, Inc. and RXR Realty LLC completed the acquisition of 829-Unit Hudson House from The Manhattan Building Company on May 14, 2025.