New York Life Real Estate Investors acquired DP Weston Pointe I, LLC from Duke Realty Corporation (NYSE:DRE) and Gramercy Property Trust Inc. for approximately $110 million on January 13, 2016. Under the terms, New York Life Real Estate Investors acquired 80% stake and 20% stake from Gramercy Property Trust Inc. and Duke Realty Corporation (NYSE:DRE) respectively.

New York Life Real Estate Investors completed the acquisition of DP Weston Pointe I, LLC from Duke Realty Corporation (NYSE:DRE) and Gramercy Property Trust Inc. on January 13, 2016.