NEW YORK CITY—Less than a month after the record multi-billiondollar property purchase closed, the new ownership of PeterCooper Village/Stuyvesant Town has formed a new propertymanagement company to oversee the 80-acre property that featuresmore than 11,200 apartments in 56 residential buildings here.
Blackstone, through funds it manages on behalf of its realestate investors, and Ivanhoé Cambridge closed on the purchase of Peter CooperVillage/Stuyvesant Town last month in a deal valued at$5.45 billion. Today the new ownership reports it has established anew property management company that will be led by newly appointedgeneral manager Rick Hayduk.
The former president of the Boca Raton Resort & Club wasappointed general manager effective Jan. 1 following a transitionfrom current property manager Compass Rock.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
