RiseBoro Community Partnership

People:

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RiseBoro Community Partnership portfolio

$326.2 million – elevator 26%, walkup 26%; Brooklyn 65%, Queens 30%

183th largest portfolio by dollar value

3,180,856 sqft – elevator 33%, D6 33%;

97th largest by SF

129 properties – Brooklyn 95%, Queens 2%

48th largest

3,464 residential units – Brooklyn 60%, Queens 32%

46th largest by residential units

Company Activity past 24 months:

Buyer company: 0 for $0

Seller company: 0 for $0

Borrower company: 4 for $65.9 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated People:

K. James Dittbrenner (1), Bianca Geary (1), James Ellis (1), Allen Lamboy (1)

Latest Stories:

• Solomon Klein pays $70M to TL Management, Fortis for nursing home building in Bushwick (June 20, 2023)

• RiseBoro signs $24.7M rehab loan for six properties in Bushwick (May 16, 2023)

• RiseBoro signs $40M construction loan with Webster Bank for 58-unit project in East Flatbush (September 27, 2022)

• RiseBoro signs $72.3M construction loan with city for 140-unit development in Williamsburg (July 25, 2022)

• Riseboro pays $8M to church to develop affordable housing in Washington Heights (September 08, 2020)

• Riseboro obtains $80.7M construction loan for 164-unit affordable project in Washington Heights (September 08, 2020)

• Fortis Property Group affiliate, TL Management pay $58.8M for healthcare property in Bushwick (May 07, 2020)

• Fortis Property affiliate borrows $40M from People’s United Bank for purchase of healthcare facility in Bushwick (May 07, 2020)

• Gotham Organization, RiseBoro borrow $446M from NYC Housing Development Corp. for new rental construction in Long Island City (January 02, 2020)

• Riseboro Community Partnership obtained financing of $37M from Sterling National Bank and the City of New York (August 29, 2019)

Properties:

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