Mack Real Estate Group

mackregroup.com/about

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Mack Real Estate Group portfolio

$502 million* – hotel 28%, condo 25%; Manhattan 55%, Brooklyn 38%

120th largest portfolio by dollar value

2,123,527 sqft – condo 25%, walkup 18%;

157th largest by SF

53 properties – Manhattan 69%, Brooklyn 18%

186th largest

1,487 residential units – Brooklyn 52%, Manhattan 47%

160th largest by residential units

39 foreclosures, 0 bankruptcies, 6 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $216.1 million

Borrower company: 2 for $247.5 million

Lender company: 1 for $270 million

Top Ten Associated Companies:

Marx Development Group (4), JPMorgan Chase (2), Related Companies (2), Peebles Corporation (1), Brookfield Properties (1), Brookfield Asset Management (1), Al Faisal Holding (1), CIM Group (1), Daten Group (1), Hersha Hospitality Trust (1)

Top Ten Associated People:

Ursula Flores (1), Daniel Polacek (1), Mohammed Abdelqader Darwish Al Ramahi (1), David Marx (1), Jeffrey Horowitz (1), Andrew Rosen (1), Meyer Chetrit (1)

Recent activity as company:

• Mack Real Estate Group borrowed $158.5 million from Apollo Global Management for 21 India Street, 23 India Street, 21 India Street, 21 India Street, 23 India Street, and others, Greenpoint, Brooklyn on September 19, 2024.

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

• Marx Development Group borrowed $88.8 million from Madison Realty Capital for 450 11th Avenue, Hudson Yards, Manhattan on February 27, 2024.

• Al Faisal Holding borrowed $270 million from Mack Real Estate Group for 790 Seventh Avenue, Midtown West, Manhattan on October 16, 2023.

• Hersha Hospitality Trust borrowed $51 million from Monarch Alternative Capital for 517 Lexington Avenue and 517 Lexington Avenue, Midtown East, Manhattan on September 07, 2023.

• Brookfield Properties and Brookfield Asset Management sold 1619 Broadway, Midtown West, Manhattan for $216.1 million to Mack Real Estate Group on July 13, 2023.

• Chetrit Group borrowed $120.5 million from Mack Real Estate Group for 250 West 43rd Street, Times Square, Manhattan on August 29, 2022.

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

• Marx Development Group borrowed $195 million from Rialto Capital for 461-469 West 34th Street, Hudson Yards, Manhattan on May 12, 2022.

• Elad Group borrowed $184.4 million from Lionheart Strategic Management for 46 Lafayette Street, 50 Lafayette Street, 108 Leonard Street, 108 Leonard Street, 108 Leonard Street, and others, Civic Center, Manhattan on January 14, 2022.