165 East 56th Street Acquired by Extell Development | Real Estate Services M&A Deal

Extell Development has acquired 165 East 56th Street, a real estate services other business in New York, for $39M. The 165 East 56th Street acquisition supports Extell Development acquisitions tied to Midtown Manhattan real estate services and property operations in New York City. As part of real estate services M&A, Extell Development acquisitions expand its NY acquisitions footprint through a platform acquisition strategy. The announced platform acquisition is valued at about $39M and is positioned as a private equity acquisition by a private developer, with deal terms and closing timing not specified.