Paceline Equity Partners

3838 Oak Lawn Avenue Suite 600 Dallas, Texas 75219

$16.3 million* – hotel 100%; Queens 100%, Manhattan 0%

1994th largest portfolio by dollar value

63,648 sqft – hotel 100%;

2496th largest by SF

0 foreclosures, 0 bankruptcies, 1 other court case.

Buyer company: 1 for $34.5 million

Seller company: 1 for $55 million

Borrower company: 1 for $24.4 million

Jacob Rad (1), Sandy Rad (1), Steven A. Tsavaris (1), Jason Blacksberg (1)

• Paceline Equity Partners sold 106 Spring Street, SoHo, Manhattan for $55 million to Acadia Realty Trust on January 17, 2025.

• Paceline Equity Partners borrowed $24.4 million from Ponce Bank for 29-14 39th Avenue, Long Island City, Queens on July 27, 2023.

• Radson Development sold 29-14 39th Avenue, Long Island City, Queens for $34.5 million to Paceline Equity Partners on July 27, 2023.

• SL Green Realty sold 106 Spring, Soho, Manhattan for $23.9 million to Paceline Equity Partners on May 03, 2021.

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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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