RedSky Capital

People:

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RedSky Capital portfolio

$7.1 million* – development 81%, V1 18%; Brooklyn 100%, Manhattan 0%

3197th largest portfolio by dollar value

2,316 sqft – development 100%, V1 0%;

7088th largest by SF

12 properties – Brooklyn 100%, Manhattan 0%

757th largest

Company Activity past 24 months:

Seller company: 1 for $11.6 million

Top Ten Associated Companies:

Calmwater Capital (2), Hidrock Properties (1), Robert Li (1), Apollo Global Management (1), Witkoff (1), Chaskel Landau (1), Lendlease (1), L3 Capital (1), Howard Hershkovich (1), SKW Funding (1)

Top Ten Associated People:

Dean Chang (1), Robert Li (1), Jeffrey Horowitz (1), Chaskel Landau (1), Melissa Burch (1), Howard Hershkovich (1), Lewis Barbanel (1)

Recent activity as company:

RedSky Capital sold 357 Flatbush Avenue, Prospect Heights, Brooklyn for $11.6 million to Chaskel Landau on April 03, 2023.

RedSky Capital and JZ Capital sold N/A Fulton Street and 589 Fulton Street, Downtown Brooklyn, Brooklyn for $144.4 million to Apollo Global Management and Witkoff on August 19, 2022.

Terra Capital Partners and RedSky Capital sold 658 Driggs Avenue, 658 Driggs Avenue, and 658 Driggs Avenue, Williamsburg, Brooklyn for $25.5 million to Robert Li on June 17, 2022.

RedSky Capital sold 143 Roebling Street, Williamsburg, Brooklyn for $82.7 million to Calmwater Capital on January 14, 2022.

Barberry Rose Management Company sold 589 Fulton Street, 585 Fulton Street, 581 Fulton Street, 579 Fulton Street, 573 Fulton Street, and others, Brooklyn Heights, Brooklyn for $18.4 million to RedSky Capital on April 12, 2021.

RedSky Capital sold 950 Hart Street, Bushwick, Brooklyn for $4 million to Howard Hershkovich on March 03, 2021.

RedSky Capital sold 124 North 6th Street, 134 N 6th Street, 92 North 6th Street, 102 North 6th Street, 108 North 6th Street, and others, Williamsburg, Brooklyn for $145 million to L3 Capital on January 08, 2021.

RedSky Capital sold 131 West Street, West Street, Brooklyn, Brooklyn for $110.8 million to Lendlease on October 16, 2020.

RedSky Capital borrowed $57.5 million from SKW Funding for 131 West Street, West Street, Brooklyn, Brooklyn on October 13, 2020.

RedSky Capital sold 182 Flatbush Avenue, Park Slope, Brooklyn for $7 million to Hidrock Properties on November 29, 2019.

Latest Stories:

• Empire State Realty Trust pays $17M to L3 Capital for retail in Williamsburg (November 15, 2024)

• ESRT pays $28.6M to L3 Capital in third related Williamsburg purchase (October 03, 2024)

• Empire State Realty Trust pays $18.1M to L3 Capital in second recent purchase in Williamsburg (October 03, 2024)

• Empire State Realty Trust pays $28.3M to L3 Capital for retail in Williamsburg (October 02, 2024)

• Street fashion brand Carhartt WIP pays $10.5M for retail in Williamsburg (September 04, 2024)

• Chaskel Landau pays $11.6M to RedSky Capital for mixed-use in Prospect Heights (April 04, 2023)

• Lendlease, Aware Super sign $360M construction loan others for 834-unit project in Greenpoint (December 21, 2022)

• Apollo, Witkoff sign $388.4M construction loan with Bank of America for 592-unit development in Downtown Brooklyn (September 09, 2022)

• Apollo, Witkoff formally take title to RedSky, JZ Capital’s Downtown Brooklyn 592-unit dev site valued at $144M (August 22, 2022)

• Robert Li pays $25.5M to RedSky, Terra Capital for 20-unit rental in Williamsburg (June 20, 2022)

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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