Private Equity Firms Buying Allure Waikiki, Honolulu Highrise Condos
According to "peHUB" and a Press Release from "Tomson Reuters", "A group of private equity investors have teamed up to buy Allure Waikiki, a 35-story condo tower in Honolulu. ST Residential, which is managed by Greenwich, Conn.-based Starwood Capital Group; Fort Worth, Texas-based TPG Capital; WLR LeFrak and Perry Capital partnered on the deal, though no financial terms were released."
"Allure Waikiki is a 35-story condo tower in the heart of Honolulu's Waikiki beach that was completed earlier this year. Allure was completed at a time when there was a tremendous amount of uncertainty in the economy, especially with high-rise residential real estate."
"Allure Waikiki is a…