Archstone

Archstone was one of three major real estate investment trusts acquiring buildings in Manhattan over the last 5 years.  This previously publicly traded firm concentrated on buying very large luxury elevator buildings from smaller older landlords. Their portfolio currently consists of 8 100+ unit luxury full-time doorman buildings.  In October 2007 Archstone was bought out by Tischman Speyer Properties, also known for their purchase of Stuyvesant Town in October of 2006.

Archstone In The News:

Denver Business Journal - June 2008 - Lehman Brothers Takes Q2 Hit from Purchase of Archstone, Largest Purchase of Apartment Properties Ever

Press Release - October 2007 - Official Announcement - "Partnership of Tischman Speyer and Lehman Brothers Completes Aquisition of Archstone"

Forbes - May 2007 - Archstone Smith Deal Will Spur More Buyouts

NY Times -  November 2006 - Archstone Makes Halstead's List of Forgiving Landlords In NYC