Jason Hart
(Jason P. Hart)
Managing Director
Carlyle Group
One Vanderbilt Avenue, 36th Floor New York, NY 10017
1001 Pennsylvania Avenue, N.W. Washington, D.C., DC 20004-2505
Carlyle Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$1.3 billion – condo 28.0%, elevator 28.0%; Manhattan 40.0%, Brooklyn 40.0%
48th largest portfolio by dollar value
5,174,021 sqft – elevator 29.0%, condo 23.0%;
53th largest by SF
378 properties – Brooklyn 75%, Manhattan 16%
13th largest
4,521 residential units – Brooklyn 46.0%, Manhattan 31.0%
35th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Buyer signatory: 7 for $399.2 million
Seller signatory: 2 for $53.2 million
Borrower signatory: 10 for $604.7 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Invesco Real Estate (7), Invesco (4), Greenbrook Partners (4), Criterion Group (3), Prudential Financial (2), LSC Development (2), Barry Septimus (2), Santander Bank (2), TD Bank (1), United States of America (1)
Top Ten Associated People:
Gregory Fournier (4), Stephen Bailey (2), Jason W. Geer (2), Christopher S. Barry (2), Barry Septimus (2), Shibber Khan (2), Peter Castellana (2), Chris Cleghorn (1), Cliff Seagroves (1), Daniel Kaplan (1)
Recent activity as signatory:
• Carlyle Group and Stonehenge NYC borrowed $232.3 million from Barings and Ares Commercial Real Estate for 235 West 48th Street, Midtown West, Manhattan on December 16, 2024.
• Carlyle Group sold 866 United Nations Plaza and 866 United Nations Plaza, Turtle Bay, Manhattan for $4.2 million to Dame Jillian and Dr. Arthur M. Sackler Foundation for the Arts, Sciences & Humanities on May 22, 2024.
• Carlyle Group and Sabharwal Properties borrowed $71 million from Prudential Financial for 72 Caton Place, Windsor Terrace, Brooklyn on May 08, 2024.
• Carlyle Group borrowed $18 million from Prudential Financial for 72 Caton Place, Windsor Terrace, Brooklyn on April 01, 2024.
• Carlyle Group and Greenbrook Partners borrowed $18 million from Invesco Real Estate for 321 20th Street, 1 Mac Donough Street, 320 Eckford Street, 160 Stuyvesant Avenue, 164 Stuyvesant Avenue, and others, Greenwood Heights, Brooklyn on December 28, 2023.
• Carlyle Group and Blumenfeld Development Group borrowed $84 million from Argentic Investment Management for 34-09 College Point Blvd and 62-05 30th Avenue, Flushing, Queens on December 11, 2023.
• LSC Development sold 62-05 30th Avenue, Woodside, Queens for $50.6 million to Carlyle Group and Blumenfeld Development Group on December 11, 2023.
• LSC Development sold 34-09 College Point Blvd, Flushing, Queens for $72 million to Carlyle Group and Blumenfeld Development Group on December 11, 2023.
• Hershy Silberstein sold 320 Eckford Street, Greenpoint, Brooklyn for $5.5 million to Carlyle Group and Greenbrook Partners on October 23, 2023.
• Carlyle Group and Greenbrook Partners borrowed $57.8 million from Invesco Real Estate for 309 Henry Street, 140 Frost Street, 11 Stagg Street, 558 Henry Street, 169 Montrose Avenue, and others, Brooklyn Heights, Brooklyn on October 19, 2023.
Latest Stories:
• Carlyle Group signs $49.5M refi for 175-unit rental, down from $63.5M (December 18, 2024)
• Carlyle Group signs $18M refi loan with Prudential for storage in Windsor Terrace (April 02, 2024)
• Carlyle, Blumenfeld Development pay $122.6M for storage in Flushing, Woodside (December 11, 2023)
• Carlyle Group pays $5.5M for 6-unit walkup in Greenpoint (October 24, 2023)
• Carlyle, Botanic sell LIC industrial for $49M to Montperia Group (August 31, 2023)