Private Equity Firms Buying Allure Waikiki, Honolulu Highrse Condos

Posted on Tuesday, November 30th, 2010 at 1:49pm.

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 fantastic property in a very desirable location," says CEO Wade Hundley.

Read the rest of the Press Release regarding the Allure Waikiki Purcahsed by Private Equity Firms.

Mahalo For Reading.


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