CIM Group

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CIM Group portfolio

$840.9 million* – office 60%, condo 39%; Manhattan 65%, Brooklyn 34%

71th largest portfolio by dollar value

4,063,086 sqft – office 36%, condo 35%;

70th largest by SF

719 properties – Manhattan 54%, Brooklyn 45%

5th largest

1,150 residential units – Brooklyn 91%, Manhattan 8%

204th largest by residential units

0 foreclosures, 3 bankruptcies, 5 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $48.6 million

Seller company: 2 for $145.6 million

Borrower company: 2 for $163 million

Top Ten Associated Companies:

JPMorgan Chase (5), Arch Companies (2), Minrav Development (2), Hawkins Way Capital (1), RXR Realty (1), Walton Street Capital (1), NYC Department of Housing Preservation and Development (1), Claros Mortgage Trust (1), Chetrit Group (1), AB CarVal Investors (1)

Top Ten Associated People:

Andrew W. Albstein (2), Karan Suri (1), David Frank (1), Andrew J. Fleck (1), Scott W. Kingsmore (1), Simon Burce (1), Jacob Chetrit (1), Jeffrey Simpson (1), Roni Kotel (1), Paul J. Mullaney (1)

Recent activity as company:

• CIM Group sold 165 East 66th St and 165 East 66th St, Lenox Hill, Manhattan for $128 million to Carlyle Group and Stonehenge NYC on November 12, 2024.

• Arch Companies sold 88 University Place, Greenwich Village, Manhattan for $48.6 million to CIM Group on October 17, 2024.

• Magnum Real Estate Group and CIM Group sold 140 West Street and 140 West Street, None, Manhattan for $17.6 million to Magnum Real Estate Group on October 08, 2024.

• CIM Group borrowed $80 million from JPMorgan Chase and Axos Bank for 85 Jay Street, 85 Jay Street, 85 Jay Street, 180 Front Street, 180 Front Street, and others, DUMBO, Brooklyn on August 21, 2024.

• CIM Group borrowed $83 million from AB CarVal Investors and Ramsfield Hospitality Finance for 246 Spring Street, 246 Spring Street, 246 Spring Street, 246 Spring Street, 246 Spring Street, and others, Hudson Square, Manhattan on July 10, 2023.

• CIM Group borrowed $62 million from JPMorgan Chase for 235 West 75th Street, 90 Lexington Avenue, 235 West 75th Street, 235 West 75th Street, 235 West 75th Street, and others, Upper West Side, Manhattan on October 05, 2022.

• Arch Companies borrowed $48.4 million from CIM Group for 88 University Place, Greenwich Village, Manhattan on June 21, 2022.

• CIM Group sold 432 Park Avenue, Midtown East, Manhattan for $14.7 million to company on June 03, 2022.

• CIM Group sold 432 Park Avenue, Midtown East, Manhattan for $32 million to company on May 25, 2022.

• SHVO and Deutsche Finance America borrowed $162.4 million from Northwind Group for 683-685 Fifth Avenue, Midtown East, Manhattan on May 04, 2022.