Barings

(MassMutual, Massachusetts Mutual Life Insurance Company)

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Barings portfolio

$139.9 million* – office 77%, hotel 22%; Manhattan 100%, Bronx 0%

424th largest portfolio by dollar value

414,325 sqft – office 75%, hotel 24%;

718th largest by SF

2 properties – Manhattan 100%, Bronx 0%

2943th largest

1 foreclosure, 0 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $161 million

Seller company: 1 for $116 million

Lender company: 4 for $527.9 million

Top Ten Associated People:

Yoav Haron (2), Damon Hemmerdinger (1), Brendan Medzigian (1), Robert D. Kline (1), David Werner (1), Nicholas Silvers (1), Paul A. Galiano (1), Johnna Donahue (1), Kristine Soliday (1), Channa Taub (1)

Recent activity as company:

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.

Mack Real Estate Group borrowed $89 million from JPMorgan Chase for 50 N. 5th Street, Williamsburg, Brooklyn on August 05, 2024.

Barings sold 100 Wall Street, Financial District, Manhattan for $116 million to David Werner Real Estate Investments and BLDG Management on July 29, 2024.

Principal Real Estate Investors sold 1370 Avenue Of The Americas, Midtown West, Manhattan for $161 million to Barings on May 01, 2024.

Tishman Speyer borrowed $92.7 million from MassMutual for 150 West 56th Street, Midtown West, Manhattan on October 26, 2023.

Tavros Capital, Charney Companies and Canyon Partners borrowed $119.9 million from MassMutual for 251 Douglas Street, Gowanus, Brooklyn on July 28, 2023.

ATCO Properties & Management borrowed $83 million from MassMutual for 40 Central Park South, Midtown West, Manhattan on May 18, 2023.

Artimus borrowed $7 million from MassMutual for 251 West 117th Street, Harlem, Manhattan on October 25, 2022.

Chartres Lodging Group borrowed $38 million from MassMutual for 130 West 46th Street, Midtown West, Manhattan on October 12, 2022.

Barings sold 130 West 46th Street, Midtown West, Manhattan for $49.5 million to Chartres Lodging Group on October 12, 2022.

Latest Stories:

• Spear Street pays $52M to KPG for retail in SoHo, just above $51M 2022 loan (September 26, 2024)

• Mack Real Estate signs $89M refi for 232-unit rental in Williamsburg (August 06, 2024)

• David Werner, BLDG get $95M acquisition loan from Northwind Group for office purchase in FiDi (July 30, 2024)

• David Werner, BLDG Management pay $116M to Barings for office in FiDi (July 30, 2024)

• MassMutual files $315M pre-foreclosure at RXR’s 340 Madison (May 20, 2024)

• Principal Real Estate turns over Midtown West office tower to Barings through $160.98M deed-in-lieu (May 01, 2024)

• Tokyu, L&L, BGO sign $484M loan with Sumitomo Mitsui Trust in Midtown East, part of $911M deal (April 15, 2024)

• Tishman Speyer signs $92.7M loan modification with MassMutual for office in Midtown West (October 27, 2023)

• Tavros, Charney, Canyon sign $119.9M construction loan with MassMutual for 261-unit project in Gowanus (July 31, 2023)

• Canyon Partners buy stake valued at $30.5M in Tavros, Charney’s 261-unit project in Gowanus (July 27, 2023)

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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