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: