ACRES Capital

acresreit.com/index.php?s=117&item=79

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Company Activity past 24 months:

Buyer company: 1 for $34.4 million

Seller company: 2 for $48.9 million

Lender company: 1 for $25.2 million

Top Ten Associated Companies:

Midas Hospitality (2), Vorea Group (2), The Collective (1), ZG Capital Partners (1), Rialto Capital Management (1), Jeff Vivek (1), AJ Capital Partners (1), EJS Group (1), Hope Street Capital (1), Kate Junghee Shin (1)

Top Ten Associated People:

David G. Robert (2), Babak Zar (1), Benjamin Weprin (1), Theodore Segal (1), Kate Junghee Shin (1), Parag Sawhney (1), Christopher S. Barry (1), Peter Papamichael (1)

Recent activity as company:

• ACRES Capital sold 170 East 80th Street, Carnegie Hill, Manhattan for $14 million to Jeff Vivek on September 20, 2024.

• Midas Hospitality borrowed $25.2 million from Acres Capital for 291 Livingston Street, Downtown Brooklyn, Brooklyn on March 18, 2024.

• Four Winds Real Estate borrowed $24.3 million from Arbor Realty Trust for 106 Ridge Street, 114 Ridge Street, 114 Ridge Street, and 110 Ridge Street, Lower East Side, Manhattan on March 13, 2024.

• Acres Capital and Aview Equities sold 291 Livingston Street, Downtown Brooklyn, Brooklyn for $34.9 million to Midas Hospitality on March 13, 2024.

• Kate Junghee Shin sold 170 East 80th Street, Carnegie Hill, Manhattan for $34.4 million to ACRES Capital on January 23, 2024.

• EJS Group borrowed $83.2 million from Bank OZK for 12 Halsey Street, Bedford Stuyvesant, Brooklyn on December 13, 2023.

• Abraham Wieder borrowed $0 from Robert Lumaj for 2500 Barker Avenue, Allerton, Bronx on January 26, 2023.

• Penn South Capital borrowed $13.5 million from KeyBank for 241 West 75th Street and 243 West 75th Street, Upper West Side, Manhattan on December 08, 2022.

• AJ Capital Partners borrowed $76.5 million from ACRES Capital for 22 North Loop Road, Roosevelt Island, Manhattan on October 28, 2022.

• ZG Capital Partners and Rialto Capital Management borrowed $120 million from ACRES Capital for 45 East 53rd Street, Midtown East, Manhattan on September 07, 2022.