Acadia Realty Trust

411 Theodore Fremd Ave, Suite 300 Rye, NY 10580

People:

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Acadia Realty Trust portfolio

$374.4 million* – condo 75%, D4 11%; Brooklyn 56%, Manhattan 35%

174th largest portfolio by dollar value

1,015,571 sqft – condo 70%, D4 12%;

346th largest by SF

33 properties – Manhattan 69%, Brooklyn 24%

298th largest

182 residential units – Manhattan 98%, Brooklyn 1%

957th largest by residential units

0 foreclosures, 1 bankruptcy, 3 other court cases.

Company Activity past 24 months:

Buyer company: 10 for $246.2 million

Seller company: 1 for $48.2 million

Borrower company: 1 for $33 million

Top Ten Associated Companies:

Brookfield Properties (4), Bank of America (2), Thor Equities (2), MARK Capital Management (1), Oaktree Capital Management (1), EMP Capital (1), East Coast Acquisitions (1), Soffer family (1), Waterbridge Capital (1), Bridge Investment Group (1)

Top Ten Associated People:

Jake Nathan (4), David Israel (1), Bryan Sather (1), Cary Kleinmam (1), Joel Schreiber (1), Gregory Egli (1), James Chung (1), Jason Blacksberg (1), Babak Bobby Zar (1), Mark D. Mermel (1)

Recent activity as company:

Paceline Equity Partners sold 106 Spring Street, SoHo, Manhattan for $55 million to Acadia Realty Trust on January 17, 2025.

EPIC LLC sold 73 Wooster Street, SoHo, Manhattan for $25.4 million to Acadia Realty Trust on January 14, 2025.

• MARK Capital Management sold 109 North 6th Street, Williamsburg, Brooklyn for $18.9 million to Acadia Realty Trust on November 05, 2024.

• Vallario family and Ciuffo family sold 141 Berry Street, Williamsburg, Brooklyn for $35 million to Acadia Realty Trust on October 23, 2024.

Continental Ventures sold 92 Greene Street, 92 Greene Street, and 109 Mercer Street, SoHo, Manhattan for $43.4 million to Acadia Realty Trust on October 22, 2024.

Brookfield Properties sold 367-369 Bleecker Street, West Village, Manhattan for $4.8 million to Acadia Realty Trust on September 24, 2024.

Brookfield Properties sold 387 Bleecker Street, West Village, Manhattan for $1.6 million to Acadia Realty Trust on September 24, 2024.

Brookfield Properties sold 382 Bleecker Street, 92 Perry Street, 382 Bleecker Street, and 382 Bleecker Street, West Village, Manhattan for $5.7 million to Acadia Realty Trust on September 24, 2024.

Brookfield Properties sold 350 Bleecker Street, West Village, Manhattan for $8.1 million to Acadia Realty Trust on September 24, 2024.

Acadia Realty Trust sold 53-01 74th Street and 74-17 Grand Avenue, Elmhurst, Queens for $48.2 million to Acadia Realty Trust on May 23, 2024.

Latest Stories:

• Acadia pays $55M for retail co-op unit in SoHo (January 20, 2025)

• Acadia pays $25.4M to EPIC LLC for retail condo in SoHo (January 15, 2025)

• Acadia Realty Trust pays $18.9M to MARK Capital Mgmt. for Williamsburg retail (November 06, 2024)

• Acadia pays $35M for retail in Williamsburg near ESRT holdings (October 24, 2024)

• Acadia Realty pays $43.4M to Continental Ventures for SoHo retail, bought for $4M (October 23, 2024)

• Acadia Realty pays Brookfield $20.25M for Bleecker Street retail, was $31.5M in 2018 (September 25, 2024)

• Contract vendee files bankruptcy over $20M deal with Acadia Realty in SI (August 03, 2023)

• Waterbridge signs $64.1M refi with Acadia for five properties in Williamsburg (March 29, 2022)

• Acadia Realty Trust buys 90 Greene Street condo from Oaktree Capital Management for $39.4M (January 27, 2022)

• Third Soho retail property transferred to lender in five months, this from Meadow to Oaktree (October 01, 2021)

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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