Taconic Partners

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Taconic Partners portfolio

$439.6 million* – office 38.0%, retail 17.0%; Manhattan 81.0%, Bronx 18.0%

149th largest portfolio by dollar value

2,727,551 sqft – walkup 36.0%, office 19.0%;

121th largest by SF

63 properties – Manhattan 77%, Brooklyn 12%

148th largest

2,245 residential units – Bronx 63.0%, Manhattan 36.0%

100th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 13 for $321.4 million

Borrower company: 1 for $300 million

Top Ten Associated Companies:

InterVest Capital Partners (7), Deutsche Bank (5), Jackson National Life Insurance Company (2), Amerant Bank (2), NYS Housing Finance Agency (2), Naftoli Jacobowitz (1), Union Labor Life Insurance Company (1), Downtown Capital (1), LoanCore Capital (1), Arif Nathoo (1)

Top Ten Associated People:

Michael Gontar (7), Andrew Mullin (4), Thomas Vasile (4), Carlos Iafigliola (2), Julie M. Behrens (2), Naftoli Jacobowitz (1), Gary Katz (1), Arnold Gumowitz (1), James Huddleton (1), Murray Mackinnon (1)

Recent activity as company:

Taconic Partners sold 180 Broome Street, Lower East Side, Manhattan for $113.7 million to Deutsche Bank on December 17, 2024.

Taconic Partners sold 180 Broome Street and 180 Broome Street, Lower East Side, Manhattan for $6 million to Deutsche Bank on December 17, 2024.

Taconic Partners sold 202 Broome Street, Lower East Side, Manhattan for $9.2 million to Deutsche Bank on December 17, 2024.

Taconic Partners sold 202 Broome Street, Lower East Side, Manhattan for $108 million to Deutsche Bank on December 17, 2024.

Taconic Partners and Clarion Partners sold 2567 Decatur Avenue, 2543 Decatur Avenue, 2563 Decatur Avenue, 2549 Decatur Avenue, 2559 Decatur Avenue, and others, Fordham Manor, Bronx for $9.6 million to InterVest Capital Partners on April 20, 2023.

Taconic Partners and Clarion Partners sold 2353 Crotona Avenue and 2357 Crotona Avenue, Belmont/Little Italy, Bronx for $5.8 million to InterVest Capital Partners on April 20, 2023.

Taconic Partners and Clarion Partners sold 2608 Creston Avenue, Fordham Manor, Bronx for $6.6 million to InterVest Capital Partners on April 20, 2023.

Taconic Partners and Clarion Partners sold 1065 Jerome Avenue, Highbridge, Bronx for $6.1 million to InterVest Capital Partners on April 20, 2023.

Taconic Partners and Clarion Partners sold 1098 Gerard Avenue and 1112 Gerard Avenue, Concourse, Bronx for $12.8 million to InterVest Capital Partners on April 20, 2023.

Taconic Partners and Clarion Partners sold 1197 Grand Concourse, Concourse, Bronx for $10.2 million to InterVest Capital Partners on April 20, 2023.

Latest Stories:

• Deutsche Bank acquires Essex Crossing office, retail from borrower Taconic in $236.9M transfer (December 18, 2024)

• InterVest pays $60M to Taconic, Clarion for 503 units in Bronx (April 21, 2023)

• Amerant Bank acquires two retail condos at Essex Crossing from developers, $24.4M value (April 11, 2023)

• Taconic Partners signs $300M refi loan with Apollo Global in Lincoln Square (February 13, 2023)

• Naftoli Jacobowitz signs $5M new construction loan with S3 Capital for 10-unit project in Greenpoint (January 16, 2023)

• L+M, Goldman Sachs, Taconic sign $91.1M construction loan for 194-unit project in Inwood (August 26, 2022)

• L+M, Goldman Sachs, Taconic sign $172.3M construction loan for 473-unit project in Inwood (August 26, 2022)

• L+M, Taconic sign 99-year ground lease valued at $22M for development site in Inwood (July 15, 2022)

• Taconic, Nuveen sign $78.8M initial loan with Ares Commercial for two properties in Yorkville (May 03, 2022)

• Taconic, Nuveen pay $70M to Downtown Capital for dev site in Upper East Side (December 30, 2021)

Court Records:

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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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