RXR Acquires Minority Stake in Silverstein’s 55 Broad Street
Friday, November 13, 2026 · first reported by Commercial Observer
RXR has taken a minority stake in 55 Broad Street, a Lower Manhattan residential building owned by Silverstein Properties and MetroLoft, in a recapitalization that values the property at roughly $500 million. Wells Fargo provided a $305 million senior loan, and Macquarie Capital Principal Finance joined as a capital partner. RXR invested through RXR Cardinal Venture, its venture with the North Carolina Investment Authority. Newmark arranged the deal.
The 35-story office-to-residential conversion has 571 rental units, about 25 percent of them affordable, and is 95 percent occupied, according to RXR.
- Firm
- RXR
- Also named
- Silverstein Properties, Wells Fargo, Macquarie Capital Principal Finance
- Fund
- RXR Cardinal Venture
- Asset class
- Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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