Nuveen Real Estate

Nuveen Real Estate portfolio

$622.9 million* – elevator 74.0%, condo 10.0%; Bronx 51.0%, Manhattan 22.0%

97th largest portfolio by dollar value

6,145,762 sqft – elevator 77.0%, walkup 12.0%;

47th largest by SF

81 properties – Bronx 50%, Brooklyn 29%

117th largest

6,280 residential units – Bronx 64.0%, Brooklyn 19.0%

26th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $69.1 million

Seller company: 2 for $214.5 million

Borrower company: 1 for $50.8 million

Lender company: 1 for $50.8 million

Top Ten Associated People:

Chris Burk (1), Eun Kee Choi (1), Cyrus Sakhai (1), David Jacobson (1)

Recent activity as company:

Nuveen Real Estate and Union Investment sold 636 Avenue Of The Amer, None, Manhattan for $37.5 million to New York Hotel Trades Council and Hotel Association of New York City Health Center on September 23, 2024.

Nuveen Real Estate sold 780 Third Avenue, Midtown East, Manhattan for $177 million to Sovereign Partners on July 09, 2024.

Nuveen Real Estate borrowed $50.8 million from Nuveen Real Estate for 1511 3rd Avenue and 636 Avenue Of The Amer, Yorkville, Manhattan on July 13, 2023.

Omni New York and Stone Point Capital sold 92-23 168th Street, 92-23 168th Street, and 92-23 168th Street, Jamaica, Queens for $51.3 million to Nuveen Real Estate on June 02, 2023.

Omni New York and Stone Point Capital sold 16 Richman Plaza, 240-242 Lott Avenue, 2311 Southern Boulevard, 769 Grote Street, 92-23 168th Street, and others, Morris Heights, Bronx for $17.8 million to Nuveen Real Estate on June 02, 2023.

Nuveen Real Estate borrowed $83.4 million from Nuveen Real Estate for 201 East 86th Street, Yorkville, Manhattan on August 24, 2022.

Seagis Property Group borrowed $6.3 million from Nuveen Real Estate for 1010 Stanley Avenue, Brooklyn, Brooklyn on May 27, 2020.

Seagis Property Group borrowed $13.9 million from Nuveen Real Estate for 179-12 149th Road, 144-43 156th Street, 144-39 156th Street, 175-52 148th Road, 145-03 156th Street, and others, Springfield Gardens, Queens on May 26, 2020.

Seagis Property Group borrowed $18.3 million from Nuveen Real Estate for 57-47 47th Street, Maspeth, Queens on May 26, 2020.

Seagis Property Group borrowed $10.2 million from Nuveen Real Estate for 148-18 Guy R Brewer Blvd, 148-10 Guy R Brewer Blvd, Springfield Gardens, Queens on May 26, 2020.

Latest Stories:

• NYC Hotel union pays $69.5M to Nuveen, Clarion, Union Investment for Ladies Mile retail, office (September 23, 2024)

• RXR Realty signs $177.5M refi with ING Capital for office in Midtown West (August 27, 2024)

• Sovereign Partners buys Nuveen’s Midtown East office building for $177M, bought for $161M in 2014 (July 10, 2024)

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

• Nuveen pays $69.1M to Omni, Stone Point for control of 6K-unit NYC affordable portfolio (June 05, 2023)

• Omni New York signs $22M loan with Preferred Bank for retail condo in Jamaica (August 31, 2022)

• Nuveen signs $83.4M refi with Nuveen for residential elevator in Yorkville (August 25, 2022)

• L&L, BentallGreenOak, Tokyu signs $467.5M refi loan with Blackstone, Otera, part of $911.4M financing (January 10, 2022)

• Omni New York borrows $25M from KeyBank for 210-unit rental in Jamaica (January 07, 2021)

• L&L Holding extends maturity date by year for $556M MassMutual construction at 425 Park in Plaza District (August 03, 2020)

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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