PIMCO

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PIMCO portfolio

$478 million* – office 53%, condo 27%; Manhattan 97%, Queens 2%

128th largest portfolio by dollar value

1,174,691 sqft – office 51%, condo 29%;

298th largest by SF

7 properties – Manhattan 85%, Queens 14%

1130th largest

3 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 1 for $255 million

Borrower company: 1 for $235 million

Lender company: 1 for $94 million

Top Ten Associated People:

Michael Ellis (4), Uzi Evron (1), Gregory Weingart (1), Michael Eglit (1), Prime Group Holdings (1), Matthew A. Dicker (1), Lichter & Lichter, LP is a law firm. Alfred Lichter owned the building before it ownership was transferred to Lichter Real Estate Number One LLC. Lichter & Lichter as well as the LLC were named in a lawsuit by a tenant. https://casetext.com/case/webman-v-lichter-lichter-lp (1), Mendel Rabkin (1), Elchonon Schwartz (1), Chaim Waldman (1)

Recent activity as company:

RXR Realty, LBA Realty and PIMCO borrowed $235 million from New York Life Insurance Company for 55-15 Grand Avenue, Maspeth, Queens on February 03, 2025.

Columbia Property Trust and PIMCO sold 799 Broadway, Greenwich Village, Manhattan for $255 million to Savanna on November 26, 2024.

InterVest Capital Partners borrowed $0 from Oaktree Capital Management for 111 Wall Street, Financial District, Manhattan on November 08, 2024.

Gerald Platt borrowed $7.1 million from Arbor Realty Trust for 302 East 3rd Street, Alphabet City, Manhattan on July 08, 2024.

• Lichter & Lichter borrowed $0 from InterVest Capital Partners for 341 Amsterdam Avenue, Upper West Side, Manhattan on May 23, 2024.

United American Land borrowed $23.5 million from Israel Discount Bank for 296 Canal Street and 300 Canal Street, Tribeca, Manhattan on May 21, 2024.

Carlyle Group borrowed $11.7 million from KeyBank for 180 Bainbridge Street, Bedford Stuyvesant, Brooklyn on October 17, 2023.

Wildflower Ltd. borrowed $94 million from PIMCO for N/A Whitestone Expresswa, None, Queens on March 29, 2023.

Ayhan Turkmen borrowed $5.8 million from JPMorgan Chase for 1829 Caton Avenue, Flatbush, Brooklyn on January 20, 2023.

Kemal Ilgar Peker borrowed $5 million from Dime Community Bank for 378 3rd Avenue, Kips Bay, Manhattan on October 27, 2022.

Latest Stories:

• RXR, LBA Realty, sign $235M refi for Amazon-occupied industrial in Maspeth (February 04, 2025)

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

• Oaktree Capital buys $230M loan where InterVest, Metro Loft plan FiDi conversion (November 11, 2024)

• TPG pays $96.5M to Columbia Property for office in Tribeca (June 28, 2024)

• $37M note sale for 100-unit UWS rental (May 24, 2024)

• United American Land signs $23.5M refi for two properties in Tribeca (May 22, 2024)

• Carlyle, Z+G Property pay $22.4M to Bushburg Properties for 46-unit rental in Bedford Stuyvesant (October 18, 2023)

• Hafedh Alsaedi pays $6.2M for 18-unit walkup in Brownsville (April 25, 2023)

• Wildflower Ltd. signs $94M construction loan with PIMCO for warehouse in College Point (March 30, 2023)

• $388M internal transfer at RXR, LBA Logistics Maspeth warehouse leased to Amazon (March 15, 2023)

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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