Savanna

Savanna portfolio

$345.4 million – office 99%, O4 0%; Manhattan 92%, Brooklyn 7%

177th largest portfolio by dollar value

1,648,826 sqft – office 79%, O4 20%;

188th largest by SF

9 properties – Manhattan 66%, Brooklyn 33%

148th largest

4 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $255 million

Seller company: 4 for $324 million

Borrower company: 3 for $99.8 million

Lender company: 0 for $0

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

Top Ten Associated Companies:

Aareal Capital (2), PIMCO (2), ZG Capital Partners (1), Barclays (1), Cirrus Real Estate Partners (1), TPG Real Estate Partners (1), Alen Mamrout (1), George Maragos (1), SL Green Realty (1), Deutsche Pfandbriefbank (1)

Top Ten Associated People:

Jesse Suchoff (1), Margaret Laffler (1), Joseph McDonnell (1), Matthew Coleman (1), George Maragos (1), Diego Rico (1), Jonathan Bennett (1), Adam Frazier (1), Joseph Mamrout (1)

Latest Stories:

• Alen Mamrout, 60 Guilders, acquire 1375 Broadway in $200M deal (January 01, 2025)

• Sentry Realty refis debt on 1375 Broadway, after buying $200M note in August (December 27, 2024)

• Savanna pays $255M to PIMCO’s Columbia Property Trust for office in Greenwich Village (November 27, 2024)

• AmTrust Realty pays $65.5M to Savanna for office in Grand Central, down from $180M (November 26, 2024)

• Manufacturer Alen Mamrout buys $200M note at Savanna’s 1375 Broadway, will own building: Sources (August 19, 2024)

• Lender TPG Real Estate acquires East Harlem office from Savanna at $56.2M transfer value (December 19, 2023)

• Cirrus buys $105M note secured by Savanna Midtown West office building (November 30, 2023)

• Zar Group signs $71M refi loan with Goldman Sachs for two properties in Mott Haven (April 12, 2022)

• Savanna signs $105M refi loan with Cottonwood Group for office building in Midtown (September 24, 2021)

• Savanna signs $181M new construction loan with PIMCO, total loan is $264M (May 26, 2021)

Litigation:

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Properties:

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