Extell Development Acquired by Simpson Thacher | Real Estate Services M&A Deal

Simpson Thacher has completed the acquisition of Extell Development, a property management business in New York, for $40M. Simpson Thacher acquisitions support real estate services in New York City, with a focus on managing commercial properties tied to Midtown office space at 570 Fifth Avenue. Extell Development acquisition activity strengthens property management acquisition capabilities across Manhattan, aligning with Simpson Thacher’s strategic acquisition needs. The other acquisition closed as a strategic acquisition by a law firm, totaling 916,000 square feet under a lease structure and fitting real estate services M&A and NY acquisitions. Deal size is reported in the $25M–$50M range, with $84.15M noted as the total amount.