Normandy Real Estate Partners

Normandy Real Estate Partners portfolio

$85 million* – retail 63%, office 36%; Manhattan 63%, Queens 36%

640th largest portfolio by dollar value

297,665 sqft – office 52%, retail 47%;

905th largest by SF

2 properties – Manhattan 50%, Queens 50%

2951th largest

0 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Borrower company: 1 for $34.6 million

Top Ten Associated Companies:

Waterfall Asset Management (2), Blackstone Group (1), TPG Real Estate Partners (1)

Top Ten Associated People:

Michael Eglit (1), Kenneth Nick (1)

Recent activity as company:

• Normandy Real Estate Partners borrowed $34.6 million from Waterfall Asset Management for 47-37 Austell Place, Long Island City, Queens on September 11, 2023.

• Columbia Property Trust, PIMCO and Normandy Real Estate Partners borrowed $217.8 million from Blackstone Group for 797-799 Broadway, Greenwich Village, Manhattan on July 12, 2022.

• Normandy Real Estate Partners borrowed $75 million from Waterfall Asset Management for 47-37 Austell Place, Long Island City, Queens on January 11, 2021.

• Normandy Real Estate Partners borrowed $106.3 million from TPG Real Estate Partners for 33 East 18th Street, Flatiron, Manhattan on October 04, 2019.

Court Records:

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Properties:

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

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