DeMarzo's Stellar deal.DeMarzo Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Co. has negotiated the $50 million sale of a diverse package of residential buildings on behalf of a family estate, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the firm's president Anne DeMarzo. The buyer was Stellar Management. The 12-building portfolio includes three apartment properties in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , eight in Yonkers and one in Scarsdale, with a total of 1,200 units. "This was a special instance where we worked on behalf of several family members--none knowledgeable in real estate--who had inherited inherited received by inheritance. inherited achondroplastic dwarfism see achondroplastic dwarfism. inherited combined immunodeficiency see combined immune deficiency syndrome (disease). a large portfolio of residential properties." said Ms. DeMarzo. "Working with a seller of this type requires a distinct approach. We knew we could not simply present the portfolio to the largest group of potential buyers, instead, we sought potential buyers that would have the patience and flexibility required to work on a complex deal with a diverse group of owners." |
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