Dubai-based asset management firm Neo Capital provided on Tuesday that it has turned up its global portfolio with the acquisition of a $73-million property in Stamford, United States.
Harbor Landing, a Class A multi-family five-storey asst that covers up about three acres of waterfront property, has been secured in partnership with US-based Monday Properties.
It has studio, one- and two-bedroom apartments with good-quality finishes and gives an attractive option for New York commuters.
“Harbor Landing is a strategic investment for Neo Capital which provides access to one of the best multi-family markets in the United States,” said Deborah Watt, head of real estate investments at Neo Capital.
In 2020, Neo Capital made acquisitions in Arlington Virginia, and the Netherlands.
The recent asset is anticipated to give investors in the UAE and Gulf region a chance to enlarge their investment portfolios in a highly resilient growth market.
“The property was acquired at a very competitive rate per square foot given prevailing real estate prices in the area,” said Watt.