Heitman LLC

(Heitman Capital Management, Heitman Credit Acquisition)

110 N. Wacker Drive Suite 4000 Chicago, IL 60606

People:

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Heitman LLC portfolio

$51.9 million* – office 62%, industrial 37%; Brooklyn 89%, Bronx 10%

927th largest portfolio by dollar value

211,090 sqft – industrial 70%, office 29%;

1157th largest by SF

3 properties – Brooklyn 66%, Bronx 33%

2233th largest

1 foreclosure, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 2 for $63.1 million

Top Ten Associated People:

Kurt Spring (2), William A. Palmer, III (1), Timothy Yantz (1)

Recent activity as company:

• Stonehenge NYC and A-Rod Corp. borrowed $43.5 million from Ares Management for 340 East 51st Street, Turtle Bay, Manhattan on January 08, 2025.

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

• Equity Resource Investments and SNL Storage sold 2036 Webster Avenue, Tremont, Bronx for $16.2 million to Heitman LLC on February 22, 2024.

• Equity Resource Investments and SNL Storage sold 1296 East 14th Street, Midwood, Brooklyn for $46.9 million to Heitman LLC on February 22, 2024.

• Storage Post borrowed $40.3 million from Heitman Capital Management for 436 East 10th Street, Alphabet City, Manhattan on July 14, 2022.

• Meadow Partners sold 109 South 5th Street, Williamsburg, Brooklyn for $46 million to Heitman Capital Management on July 01, 2022.

• Meadow Partners borrowed $40.8 million from Heitman LLC for 109 South 5th Street, Williamsburg, Brooklyn on February 12, 2021.

• Stonehenge NYC borrowed $23.6 million from Heitman LLC for 340 East 51st Street, Midtown East, Manhattan on February 27, 2020.

• BentallGreenOak borrowed $150 million from Heitman LLC for 685 3rd Avenue, Grand Central, Manhattan on January 07, 2020.

• Meadow Partners borrowed $60 million from Heitman LLC for 39 Waverly Avenue, Fort Greene, Brooklyn on November 21, 2019.

Latest Stories:

• Thor Equities pays $58.5M to Fairstead for 75-unit rental in Clinton Hill, gets $43M loan (August 16, 2024)

• Heitman pays $63.1M for storage in Midwood, Tremont (February 23, 2024)

• Storage Post signs $40.3M loan with Heitman Capital for industrial in Alphabet City (July 15, 2022)

• Lender Heitman Capital acquires Meadow Partners’ Williamsburg office building valued at $46M (July 05, 2022)

• Storage Post pays $61M to Keepers Self Storage for industrial in Alphabet City (May 19, 2022)

• Republic Investment pays $15.6M to Meadow for Renwick ground lease, was $44.8M in 2014 (May 06, 2022)

• Meadow Partners refis $40.8M from Heitman Capital for property in Williamsburg (February 15, 2021)

• Extra Space Storage finishes $3.8M rehab of storage building in Midwood (September 28, 2020)

• Safe N Lock Storage granted TCO following $2M project to facilitate opening 53K sf storage building in Midwood (June 01, 2020)

• Safehold borrows $135M from John Hancock for fee under Grand Central office building (March 12, 2020)

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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