Capstone Equities

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Capstone Equities portfolio

$157.8 million – hotel 73%, office 26%; Manhattan 73%, Brooklyn 26%

363th largest portfolio by dollar value

792,058 sqft – hotel 51%, office 48%;

399th largest by SF

6 properties – Manhattan 83%, Brooklyn 16%

151th largest

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 3 for $157.2 million

Seller company: 0 for $0

Borrower company: 1 for $49.5 million

Lender company: 1 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated People:

Elchonon Schwartz (1), David J. Mitchell (1), Justin Adelipour (1)

Latest Stories:

• Yellowstone signs $90M loan with Fortress for hotel in Midtown East (December 06, 2024)

• Note holder Yellowstone acquires Midtown East hotel with $234M judgment through auction (October 22, 2024)

• October auction set for 697-unit Maxwell hotel with $218M judgment (September 27, 2024)

• Capstone Equities acquires Whale Building in Sunset Park with $49.5M loan from Argentic (September 08, 2023)

• Capstone sues Nightingale CEO over $90M in alleged guarantys at Whale Building (July 13, 2023)

• Capstone Equities acquires Penn Plaza hotel from Mitchell Holdings that had $41M debt (June 22, 2023)

• Capstone Equities buys $88.9M note on Nightingale’s Whale in Sunset Park (May 30, 2023)

• Yellowstone borrows undisclosed amount from Fortress, secured by $170M loan on Maxwell Hotel (January 26, 2023)

• Nightingale sues Capstone over Sunset Park note sale, seeks $20M (January 18, 2023)

• Capstone Equities buys $41M note secured by Mitchell Holdings hotel in Penn Plaza (January 10, 2023)

Litigation:

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Properties:

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