Mack Real Estate Group

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Mack Real Estate Group portfolio

$502 million – hotel 28%, condo 25%; Manhattan 55%, Brooklyn 38%

116th largest portfolio by dollar value

2,123,527 sqft – condo 25%, walkup 18%;

150th largest by SF

53 properties – Manhattan 69%, Brooklyn 18%

104th largest

1,487 residential units – Brooklyn 52%, Manhattan 47%

147th largest by residential units

39 foreclosures, 0 bankruptcies, 6 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $216.1 million

Seller company: 0 for $0

Borrower company: 2 for $247.5 million

Lender company: 1 for $270 million

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

Top Ten Associated Companies:

Marx Development Group (4), JPMorgan Chase (2), Related Companies (2), Peebles Corporation (1), Brookfield Properties (1), Brookfield Asset Management (1), Al Faisal Holding (1), CIM Group (1), Daten Group (1), Hersha Hospitality Trust (1)

Top Ten Associated People:

Ursula Flores (1), Daniel Polacek (1), Mohammed Abdelqader Darwish Al Ramahi (1), David Marx (1), Jeffrey Horowitz (1), Andrew Rosen (1), Meyer Chetrit (1)

Latest Stories:

• CIM acquires Greenwich Village office through UCC foreclosure, $48.6M transfer amount (October 18, 2024)

• Mack alleges $31.5M Chetrit default in Times Square, weeks after similar claim in Hudson Yards (September 30, 2024)

• Mack signs $158.5M refi with Apollo for 368-unit rental in Greenpoint (September 20, 2024)

• Mack Real Estate signs $89M refi for 232-unit rental in Williamsburg (August 06, 2024)

• Marx Development signs $88.8M refi with Madison Realty for Aloft hotel in Hudson Yards (February 28, 2024)

• Jack Shainman Gallery pays $18.2M to Elad for retail in Civic Center (January 24, 2024)

• Al Faisal Holding signs $270M loan modification for Times Square hotel (October 17, 2023)

• Hersha Hospitality signs $51M refi with Monarch Alternative Capital in Midtown East (September 08, 2023)

• Brookfield turns over $216.1M Brill Building to lender Mack Real Estate (July 14, 2023)

• Elad Group signs $88.9M condo inventory loan with G4 in Civic Center (June 01, 2023)

Litigation:

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Properties:

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