News

Canvas Investment Partners and Tokyu Land US have closed on the $112.8-million acquisition of 436 Albee Square, a 150-unit multifamily property located in Downtown Brooklyn. The seller was Spencer Equity, Less than a month ago, the partnership between Canvas and...

Canvas Investment Partners and Tokyu Land US buy 436 Albee Square Robert Morgenstern shelled out $113 million for a big rental tower in Downtown Brooklyn — his second nine-figure deal in the past few weeks. Morgenstern’s Canvas Investment Partners and...

Canvas Property Group is taking over The Azure, a luxury residential tower in Downtown Brooklyn. The property management company bought the 28-story, 150-unit building at 436 Albee Square West in a joint venture with Tokyu Land U.S. from Spencer Equity...

The partnership between Canvas and Toyku Land US has been active in Manhattan recently as well. Canvas Investment Partners and Tokyu Land US have acquired 436 Albee Square, a 150-unit mixed-use high-rise in Brooklyn, for $112.8 million. The property, also...

Robert Morgenstern’s Canvas Property Group sold four properties in Chelsea for $23 million. PincusCo reported the buyer is a collection of wealthy individuals. Meadow Partners, which held a stake in the buildings prior to this transaction, will retain an ownership...

Relationships are key. I can’t stress this enough. Success in real estate boils down to unrelenting hard work and strong, lasting relationships. Having founded multiple successful companies in the multifamily business over the years, I am still continuing to invest with...

Apollo Global Management co-founder Josh Harris is teaming up with multifamily investor Robert Morgenstern to buy more than $1 billion worth of apartments. The private equity titan’s family firm, HRS Management, joined Morgenstern and his partner at their Canvas Property...

Canvas Property Group, an entrepreneurial, tech-focused property, construction and asset management firm specializing in New York City multifamily real estate, recently announced that INSTRATA Brooklyn Heights and INSTRATA Park Slope are officially 100 percent leased. The two full-service luxury buildings...

Robert Morgenstern wears many hats. He is the founder and strategic leader of Canvas Property Group, a property, construction and asset management firm with a portfolio of 40 mixed-use properties in New York City plus third-party management assignments. He is...

New York City’s real estate market boomeranged in the second half of 2021: Renters and buyers returned to the city and snapped up apartments. Thanks to that burst of demand, Covid discounts and concessions nearly evaporated as owners and sellers...