Thor Equities

25 West 39th Street New York, NY 10018 United States

thorequities.com

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Thor Equities portfolio

$234.9 million* – elevator 28.0%, condo 23.0%; Manhattan 69.0%, Brooklyn 30.0%

262th largest portfolio by dollar value

867,615 sqft – elevator 45.0%, condo 22.0%;

381th largest by SF

38 properties – Manhattan 68%, Brooklyn 31%

268th largest

346 residential units – Manhattan 78.0%, Brooklyn 21.0%

590th largest by residential units

10 foreclosures, 0 bankruptcies, 8 other court cases.

Company Activity past 24 months:

Buyer company: 2 for $66.6 million

Seller company: 10 for $472.5 million

Borrower company: 1 for $58 million

Top Ten Associated Companies:

Denali Management (3), LNR Partners (2), Maverick Real Estate Partners (2), SL Green Realty (2), Acadia Realty Trust (2), Trans World Equities (1), 496 Broadway Fee Owner LLC (1), Algin Management (1), NorthEast Bank (1), Chestnut Commercial (1)

Top Ten Associated People:

Dan Forrester (1), Doris Shen (1), Brian Doherty (1), Richard T. Reczka (1), Ben Rieder (1), Arnold Shulkin (1), David Fry (1), A. Brad Feine (1), Niral Shah (1), Hersel Torkian (1)

Recent activity as company:

• Thor Equities sold 541 Atlantic Avenue, 535 Atlantic Avenue, 533 Atlantic Avenue, 537 Atlantic Avenue, 539 Atlantic Avenue, and others, Boerum Hill, Brooklyn for $25 million to Berggruen Holdings and Firebird Grove on January 03, 2025.

• Thor Equities sold 280 Richards Street, Red Hook, Brooklyn for $156.2 million to Terreno Realty Corporation on December 18, 2024.

• Thor Equities sold 446 West 14th Street, Meatpacking District, Manhattan for $5 million to Maverick Real Estate Partners on December 03, 2024.

• Thor Equities sold 440 Broadway, Little Italy, Manhattan for $8 million to Series 2013-C7 and Midland Loan Services on August 16, 2024.

• Thor Equities borrowed $58 million from Prime Finance for 275 Park Avenue, Clinton Hill, Brooklyn on August 15, 2024.

• Fairstead sold 275 Park Avenue, Clinton Hill, Brooklyn for $58.5 million to Thor Equities on August 15, 2024.

• Thor Equities and ASB Capital Management sold 120 Greenwich Street, 120 Greenwich Street, and 120 Greenwich Street, Financial District, Manhattan for $5 million to Torkian Group on July 22, 2024.

• Thor Equities sold 50 Bond Street, NoHo, Manhattan for $3.9 million to Rialto Capital Management on July 12, 2024.

• Thor Equities and CenterSquare Investment Management sold 680 Madison Avenue, Lenox Hill, Manhattan for $180 million to TZ Capital on May 28, 2024.

• Thor Equities sold 60 East 66th Street, Lenox Hill, Manhattan for $11 million to Tatar Holding on September 26, 2023.