TF Cornerstone
TF Cornerstone portfolio
$3 billion – elevator 85.0%, condo 7.0%; Manhattan 57.0%, Queens 31.0%
17th largest portfolio by dollar value
11,530,638 sqft – elevator 89.0%, condo 6.0%;
21th largest by SF
41 properties – Manhattan 51%, Brooklyn 24%
116th largest
11,857 residential units – Queens 43.0%, Manhattan 40.0%
8th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 2 for $174.1 million
Seller company: 0 for $0
Borrower company: 6 for $1.7 billion
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Wells Fargo (8), PNC Bank (4), Pearl Realty Management (2), M&T Bank (2), MSD Partners (1), Trinity Place Holdings (1), Pacolet Milliken (1), Nationwide Life Insurance Company (1), Apple Bank for Savings (1), Brighthouse Life Insurance Company (1)
Top Ten Associated People:
Christian Adrian (2), Jack Guttman (2), , Micheal Dell (1), Clay Adams (1), Michael C. Beidelman (1), Ryan Cawley (1), Thehbia Hiwot (1), Tara Suaya (1), Wendy LeBlanc (1)
Latest Stories:
• TF Cornerstone signs $230.1M refi for 318-unit rental in Meatpacking District (January 03, 2025)
• TF Cornerstone signs $448.3M refi for 798-unit rental in Prospect Heights (December 03, 2024)
• NYC construction lending boosts flagging CRE finance market: Analysis (February 03, 2023)
• TF Cornerstone ups debt by $121.9M at 345-unit tower at Long Island City (July 12, 2022)
• TF Cornerstone pays $70.8M for 95-unit residential rental in Williamsburg (May 06, 2022)
• Prologis buys TF Cornerstone’s Astoria development site for $35M (November 16, 2021)