NEW YORK – Greystar Real Estate Partners LLC in conjunction with Prime Realty, an affiliate of RA Property Holdings, has bought a portfolio of nine Manhattan apartment buildings from Thurcon Properties Inc. for about $240 million.

Rick Aidekman on Saving Hillside Homes a true revival of a Bronx property from disaster to home for a several thousand people. One of the most interesting real estate opportunities that I ever had was when my partner and I were to become engaged to manage what was then called Hillside Homes.

RA Property Holdings, LLC through its affiliate Prime Realty Services commenced a joint venture with Prudential Life Insurance Company of Initially, Prudential bought into approximately 600 apartments owned by Prime in 14 properties in Manhattan and the Bronx.

In the period between 1986 and 2004 the Sponsor was responsible for the acquisition and disposition of over 165 properties with a value of over $600 million and providing returns averaging above a 20% IRR. Rick Aidekman has been in the business of acquiring and owning Rent Stabilized properties in New York City since his first acquisition in 1985.