Transition Acquisitions

Transition Acquisitions portfolio

$26.2 million* – office 66.0%, retail 21.0%; Brooklyn 100.0%, Manhattan 0.0%

1456th largest portfolio by dollar value

164,825 sqft – office 63.0%, retail 30.0%;

1406th largest by SF

7 properties – Brooklyn 100%, Manhattan 0%

1178th largest

30 residential units – Brooklyn 100.0%, Manhattan 0.0%

2738th largest by residential units

Top Ten Associated Companies:

CTL Pass-Through Trust Series 2019 (1), Axos Bank (1), LoanCore Capital (1), Signature Bank (1), Alcion Ventures (1)

Top Ten Associated People:

Kenneth A. Stagnari (1), Mark H. Potter (1)

Recent activity as company:

Transition Acquisitions borrowed $6 million from Signature Bank for 130 Graham Avenue and 130 Graham Avenue, Brooklyn, Brooklyn on April 08, 2021.

Transition Acquisitions borrowed $46.8 million from LoanCore Capital for 1300 Flushing Avenue, Bushwick, Brooklyn on June 16, 2020.

Alcion Ventures sold 1300 Flushing Avenue, Bushwick, Brooklyn for $44 million to Transition Acquisitions on June 16, 2020.

Transition Acquisitions borrowed $5 million from Axos Bank for 4202 13thavenue, 4204 13thavenue, 4206 13thavenue, Kensington, Brooklyn on October 10, 2019.

Transition Acquisitions borrowed $49.9 million from CTL Pass-Through Trust Series 2019 for 815 Broadway, 317 Ellery Street, Bushwick, Brooklyn on October 04, 2019.

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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