19 West 44th Street Acquired by Olmstead | Real Estate Services M&A Deal

Olmstead has completed the acquisition of 19 West 44th Street, a property management business in New York, for $108M. The 16-story, 303,000-square-foot Midtown office asset at 19 West 44th Street is operated to support leasing and tenant demand, aligning with Olmstead’s real estate services model. Olmstead acquisitions in NY focus on managing Class B office properties with strong occupancy and potential for new leasing momentum. The divestiture acquisition is a private equity acquisition and real estate services deals NY transaction, with Derby Lane Partners providing $91.4M in acquisition financing and Eastdil Secured brokering the sale. Olmstead acquired the building in partnership with Vertex Properties, an investment platform launched by Olmstead executives Adam Arnow and Patrick Pavone.