Paceline Equity Partners
Paceline Equity Partners portfolio
$24.3 million – hotel 67%, D4 32%; Queens 67%, Manhattan 32%
1513th largest portfolio by dollar value
95,736 sqft – hotel 66%, D4 33%;
1966th largest by SF
2 properties – Manhattan 50%, Queens 50%
155th largest
10 residential units – Manhattan 100%, Bronx 0%
788th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 1 for $34.5 million
Seller company: 0 for $0
Borrower company: 1 for $24.4 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Radson Development (1), Ponce Bank (1), SL Green Realty (1)
Top Ten Associated People:
Jacob Rad (1), Sandy Rad (1), Steven A. Tsavaris (1)
Latest Stories:
• Paceline Equity pays $34.5M to Radson Development for LIC hotel (July 28, 2023)
• Radson Development signs $25M refi with Ponce Bank for LIC hotel (June 30, 2022)
• Paceline Equity Partners acquires Soho retail co-op for $23.9M from SL Green Realty (May 04, 2021)
Litigation: