Gilbane Inc.

(Gilbane Development, Gilbane Building)

Owner|Developer

Private Equity

7 Jackson Walkway, Floor 4, Providence, RI 02903

gilbaneco.com/development

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Gilbane Inc. portfolio

$216.5 million – elevator 91.0%, walkup 4.0%; Manhattan 50.0%, Bronx 24.0%

276th largest portfolio by dollar value

3,302,511 sqft – elevator 88%, D7 7%;

87th largest by SF

25 properties – Bronx 84%, Brooklyn 12%

133th largest

3,076 residential units – Manhattan 41%, Bronx 32%

57th largest by residential units

Company Activity past 24 months:

Buyer company: 5 for $166.6 million

Seller company: 0 for $0

Borrower company: 4 for $835.3 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Spencer Equity Group (5), Arker Companies (3), Related Companies (3), New York City Housing Authority (2), Merchants Bank of Indiana (1), Systima Capital Management (1), Deutsche Bank (1), NYC Housing Development Corporation (1), Low Income Investment Fund (1), Asland Capital Partners (1)

Top Ten Associated People:

Matthew Finkle (3), David K Zussman (3), Alexander Arker (3), Dina Arker (3), Daniel Moritz (3), Joel Gluck (2), David Goldban (1), Katy Landolfi (1), Jonathan Gouveia (1), Bianca Geary (1)

Recent activity as signatory:

• Gilbane Inc. borrowed $445.9 million from Merchants Capital and New York City Housing Authority for N/A Amsterdam Avenue, Harlem, Manhattan on January 10, 2025.

• New York City Housing Authority sold N/A Amsterdam Avenue, Harlem, Manhattan for $4.9 million to Gilbane Inc. on January 10, 2025.

• Gilbane Development for Dimitrios Katehis filed plans for new building for 179,779 sqft in Coney Island, Brooklyn, on June 26, 2024.

• Gilbane Development borrowed $13 million from Low Income Investment Fund for 1931 Lafayette Avenue, Unionport, Bronx on May 20, 2024.

• Asland Capital Partners and Pembroke sold 1931 Lafayette Avenue, Unionport, Bronx for $11.7 million to Gilbane Development on May 20, 2024.

• Gilbane Development for Dimitrios Katehis filed plans for new building for 201,031 sqft in Concourse Village, Bronx, on December 18, 2023.

• Hudson Companies and Gilbane Development and MHANY Management borrowed $256.4 million from NYC Housing Development Corporation for N/A Spofford Avenue and 1223 Spofford Avenue, Hunts Point, Bronx on July 13, 2023.

• Tredway and Gilbane Development and ELH Mgmt. and Brookfield Asset Management borrowed $120 million from Deutsche Bank for 2930 West 30th Street, 2966 West 28th Street, and 2828 West 28th Street, Coney Island, Brooklyn on June 13, 2023.

• Arker Companies and Related Companies sold 2930 West 30th Street, Coney Island, Brooklyn for $61.4 million to Tredway and Gilbane Development and ELH Mgmt. and Brookfield Asset Management on June 13, 2023.

• Arker Companies and Related Companies sold 2828 West 28th Street, Coney Island, Brooklyn for $28.5 million to Tredway and Gilbane Development and ELH Mgmt. and Brookfield Asset Management on June 13, 2023.