John Ginochio

Ohana Real Estate Investors

Owner

LinkedIn

Ohana Real Estate Investors portfolio

$82 million* – condo 83%, hotel 16%; Brooklyn 83%, Manhattan 16%

662th largest portfolio by dollar value

342,497 sqft – condo 87%, hotel 12%;

832th largest by SF

8 properties – Brooklyn 87%, Manhattan 12%

1013th largest

64 residential units – Brooklyn 100%, Manhattan 0%

1869th largest by residential units

Person Activity past 24 months:

Buyer signatory: 2 for $110.5 million

Borrower signatory: 2 for $135.8 million

Top Ten Associated Companies:

Tidal Real Estate Partners (2), BD Hotels (1), Kennedy Wilson (1), Deutsche Bank (1), Slate Asset Management (1)

Top Ten Associated People:

Michael Walsdorf (2), Richard Born (1), In Ku Lee (1), Stephen Massey (1), Peter Castro (1), Michael Quinn (1)

Recent activity as company:

Ohana Real Estate Investors borrowed $59 million from Slate Asset Management for 60 Duffield Street, 85 Flatbush Avenue Exte, and 85 Flatbush Avenue Exte, Downtown Brooklyn, Brooklyn on January 25, 2024.

Ohana Real Estate Investors borrowed $76.8 million from Deutsche Bank for 140 Schermerhorn Street, 71 Smith Street, 71 Smith Street, and 140 Schermerhorn Street, Boerum Hill, Brooklyn on December 05, 2023.

Tidal Real Estate Partners sold 71 Smith Street, 71 Smith Street, and 140 Schermerhorn Street, Boerum Hill, Brooklyn for $13 million to Ohana Real Estate Investors on December 05, 2023.

Tidal Real Estate Partners sold 140 Schermerhorn Street, Boerum Hill, Brooklyn for $97.5 million to Ohana Real Estate Investors on December 05, 2023.

Ohana Real Estate Investors borrowed $65.8 million from Kennedy Wilson for 113 Jane Street, West Village, Manhattan on December 27, 2022.

BD Hotels sold 113 Jane Street, West Village, Manhattan for $62 million to Ohana Real Estate Investors and JK Hotel Group on December 27, 2022.

Latest Stories:

• Ohana Real Estate Investors signs $59M refi for hotel, residential in Downtown Brooklyn (January 26, 2024)

• Ohana pays $110.5M for Hilton hotel in Boerum Hill (December 05, 2023)

• Jeff Klein, Ohana Real Estate pay $62M to BD Hotels for hotel in West Village (December 28, 2022)

• Ohana acquires hotel, rental from Cornell Realty in Downtown Brooklyn bankruptcy with $94M credit bid (December 15, 2022)

• Cornell Realty Management and Rubin Equities Inc. pay $90M to Chetrit Group, Robert Wolf’s Read Property Group in Downtown Brooklyn (October 07, 2019)

• Cornell Realty Management and Rubin Equities Inc. borrow $76M from Madison Realty Capital and Bluestone Group for property in Dumbo (October 07, 2019)

• Flank pays $14M to buy out partner Carlyle Group for commercial condo units in Brooklyn Heights (September 24, 2019)

• Flank borrows $14M from Ladder Capital Finance for property in Brooklyn Heights (September 24, 2019)

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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