DeMarzo's Stellar deal.
DeMarzo Realty Co. has negotiated the $50 million sale of a diverse package of residential buildings on behalf of a family estate, according to the firm's president Anne DeMarzo. The buyer was Stellar Management.
The 12-building portfolio includes three apartment properties in New
"This was a special instance where we worked on behalf of several family members--none knowledgeable in real estate--who had inherited a large portfolio of residential properties." said Ms. DeMarzo. "Working with a seller of this type requires a distinct approach. We knew we could not simply present the portfolio to the largest group of potential buyers, instead, we sought potential buyers that would have the patience and flexibility required to work on a complex deal with a diverse group of owners."
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