Canvas, Declaration Partners and Tokyu Land US partnership buys 210-220 East 22nd St. in transaction arranged by JLL
News release
21 October 2024
Canvas led joint venture acquires coveted Gramercy Park apartment property for $105M
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Canvas Property Group
Canvas Property Group is a leading Owner Operator of NYC Multifamily and mixed-use assets. Serving as GP, owner and operator as third party in a management, leasing and construction role across nearly 2,000 NYC apartments servicing several Fortune 100 institutions for the management and leasing of luxury NYC multifamily. Principles of Canvas have several decades of experience and have closed Billions of dollars in transactions. Visit Canvas Property Group
About Tokyu Land US Corporation
Tokyu Land US Corporation ("TLUS"), with offices in Los Angeles and New York, is a fully owned subsidiary of Tokyu Fudosan Holdings Corporation, which has over $20 billion of owned assets with additional 3rd party assets under management. With discretionary capital available from its balance sheet and a flexible investment mandate, TLUS is capable of pursuing opportunities across capital structure and risk spectrum in multifamily and industrial sectors in most major gateway markets in the US, with a focus on fundamental value creation.