Rose Associates

Rose Associates portfolio

$583.1 million* – condo 64.0%, elevator 35.0%; Manhattan 100.0%, Bronx 0.0%

103th largest portfolio by dollar value

2,130,115 sqft – condo 64%, elevator 35%;

156th largest by SF

29 properties – Manhattan 96%, Brooklyn 3%

345th largest

1,312 residential units – Manhattan 100%, Bronx 0%

183th largest by residential units

Company Activity past 24 months:

Borrower company: 2 for $458.5 million

Top Ten Associated People:

Michael Hofheinz (1)

Recent activity as company:

• DTH Capital and Rose Associates borrowed $395 million from Goldman Sachs for 66 Pine Street, 66 Pine Street, 66 Pine Street, and 66 Pine Street, Financial District, Manhattan on February 29, 2024.

Rose Associates borrowed $63.5 million from Equitable Financial Life Insurance Company for 20 East 68th Street, 1239 Madison Avenue, 60 East 8th Street, 63 East 9th Street, 300 East 40th Street, and others, Lenox Hill, Manhattan on April 03, 2023.

Rose Associates borrowed $164.5 million from Wells Fargo and NYS Housing Finance Agency for 55 West 25th Street, Flatiron District, Manhattan on October 12, 2022.

Rose Associates borrowed $70 million from MetLife for 21 West Street, Financial District, Manhattan on April 04, 2022.

Rose Associates borrowed $16 million from Citibank for 5 East 22nd Street, 5 East 22nd Street, and 5 East 22nd Street, Flatiron, Manhattan on December 04, 2020.

Rose Associates borrowed $386 million from Goldman Sachs for 70 Pine Street, 70 Pine Street, 70 Pine Street, 70 Pine Street, Financial District, Manhattan on October 16, 2019.

Rose Associates sold 20 East 35th Street, Garment District, Manhattan for $16.8 million to HUBB NYC on September 11, 2019.

Rose Associates borrowed $178 million from NYS Housing Finance Agency for 45 Hoyt Street, Brooklyn Heights, Brooklyn on July 17, 2019.

Latest Stories:

• DTH, Rose Associates sign $395M refi for 70 Pine in FiDi (March 01, 2024)

• Rose Associates signs $164.5M refi for 407-unit rental in Flatiron District (October 13, 2022)

• Rose Associates signs $70M refi for 293-unit elevator rental in FiDi (April 05, 2022)

• Rose Associates borrows $16M from Citgroup for property in Flatiron (December 07, 2020)

• HUBB NYC borrows $28.5M from M&T Bank for multiple properties (January 17, 2020)

• DTH Capital and Rose Associates borrow $386M from Goldman Sachs for property in Financial District (October 17, 2019)

• HUBB NYC pays $17M to Rose Associates for retail condo in Garment District (September 12, 2019)

• Rose Associates and Benenson Capital Partners obtained financing of $178M from NEW YORK STATE HOUSING FINANCE AGENCY (July 18, 2019)

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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