L+M Development Partners
People:
L+M Development Partners portfolio
$2.7 billion – elevator 67.0%, condo 20.0%; Manhattan 52.0%, Brooklyn 34.0%
19th largest portfolio by dollar value
24,222,069 sqft – elevator 74.0%, walkup 11.0%;
6th largest by SF
331 properties – Manhattan 53%, Brooklyn 36%
15th largest
25,409 residential units – Manhattan 41.0%, Brooklyn 41.0%
2th largest by residential units
Company Activity past 24 months:
Buyer company: 6 for $162.1 million
Seller company: 6 for $59 million
Borrower company: 8 for $446.8 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
NYC Housing Development Corporation (10), NYS Housing Finance Agency (6), Wells Fargo (6), Urban American Management (6), Asland Capital Partners (5), Goldman Sachs (3), Lument (3), Camber Property Group (3), Greystone & Co. (2), L+M Development Partners (2)
Top Ten Associated People:
James H. Simmons III (5), Rick Gropper (3), Julie M. Behrens (1), Jonathan Gouveia (1), Ruth Moreira (1), Craig Tessler (1), Lauren Connors (1), Timothy Richards (1), Cynthia Eckes (1), Kristie Reinhardt (1)
Latest Stories:
• L+M pays $14.3M to Enterprise Community Partners for nine properties in Harlem (November 07, 2024)
• L+M signs $90M acquisition loan for 1,590-unit Knickerbocker in Two Bridges (May 13, 2024)
• L+M Development signs $106.6M construction loan for development in Brownsville (April 09, 2024)
• L+M signs $38.6M loan with Lument for 120-unit rental in Harlem (April 12, 2023)