Vantage, a real estate investment firm created in 2005, will nearly double its stake in Queens by purchasing around 1,900 units owned by Nicholas Haros. Apollo Real Estate Advisors, which has provided financing to Vantage in the past, is expected to partner with the firm again on this deal, according to sources.
Queens portfolio fetching $300M
Haros, who built up the Queens portfolio over the past two decades, managed the buildings in addition to owning them. He was included on a 2005 list of landlords the advocacy group Housing Here and Now called the 10 worst in the city.
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