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NEW YORK CITY — Madison International Realty has made a $172.3 million equity investment in a portfolio of New York City metro area retail properties owned by Forest City Enterprises. For its investment, Madison International will obtain a 49 percent interest in the partnership, with Forest City controlling the other 51 percent and maintaining leasing and management duties. The portfolio is valued at $851.5 million including $500 million in debt. The properties include three centers each in Brooklyn, the Bronx and Queens; two centers each in Manhattan and Staten Island; and one center in North Bergen, N.J.