NEW YORK CITY—Less than a month after the record multi-billion dollar property purchase closed, the new ownership of Peter Cooper Village/Stuyvesant Town has formed a new property management company to oversee the 80-acre property that features more than 11,200 apartments in 56 residential buildings here.

Blackstone, through funds it manages on behalf of its real estate investors, and Ivanhoé Cambridge closed on the purchase of Peter Cooper Village/Stuyvesant Town last month in a deal valued at $5.45 billion. Today the new ownership reports it has established a new property management company that will be led by newly appointed general manager Rick Hayduk.

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