New York, New York

111 Fulton Street


This investment represented the first Manhattan downtown real estate transaction completed by anyone after the events on 9/11.

As a result, Meir and his team were able to acquire the building at a significant discount to replacement cost. Although the building was an office investment, it was clear that the long-term value of the property was for residential redevelopment. In 2005, when real estate prices were rising to historic levels, the asset was sold to a group that converted the building to condominiums.