Argent Ventures

$235.7 million* – hotel 79%, specialty 20%; Manhattan 100%, Bronx 0%

261th largest portfolio by dollar value

1,079,431 sqft – hotel 78%, specialty 21%;

324th largest by SF

2 properties – Manhattan 100%, Bronx 0%

2931th largest

0 foreclosures, 1 bankruptcy, 2 other court cases.

Seller company: 1 for $53.3 million

Borrower company: 2 for $336.3 million

Richard Shinder (1), Cynthia P. Adams (1), Robert Grimes (1), Michael Loeb (1), Lisa Follweiler (1)

• Argent Ventures borrowed $124.3 million from Greystone & Co. for 150 Riverside Drive, Upper West Side, Manhattan on December 09, 2024.

• Argent Ventures sold 1601 Broadway, Midtown West, Manhattan for $53.3 million to company on August 15, 2024.

• Argent Ventures borrowed $212 million from H&R REIT for 1601 Broadway, Midtown West, Manhattan on May 03, 2024.

• Riese Organization sold 1601 Broadway, Midtown West, Manhattan for $17.2 million to Argent Ventures on January 06, 2023.

• Theatine Partners borrowed $320.5 million from Argent Ventures for 1601 Broadway, Midtown West, Manhattan on June 07, 2022.

• SL Green Realty borrowed $0 from Argent Ventures for 1601 Broadway, Midtown West, Manhattan on May 31, 2022.

• Vornado Realty Trust borrowed $195 million from Argent Ventures for 1601 Broadway, Times Square, Manhattan on January 14, 2021.

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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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