The Collective

The Collective portfolio

$12.5 million* – hotel 100.0%, None 0.0%; Brooklyn 100.0%, Manhattan 0.0%

2343th largest portfolio by dollar value

91,872 sqft – hotel 100.0%, None 0.0%;

2040th largest by SF

3 properties – Brooklyn 100%, Manhattan 0%

2387th largest

Company Activity past 24 months:

Seller company: 1 for $35.7 million

Top Ten Associated People:

Pinchos Loketch (1), Adam Koplewicz (1), Jeffrey Zwick (1)

Recent activity as company:

The Collective sold 35-02 37th Avenue, Long Island City, Queens for $35.7 million to Jeffrey Zwick & Associates registered on August 14, 2023.

Tower Holdings Group, Time Square Development and The Collective sold 1215 Fulton Street, Bedford-Stuyvesant, Brooklyn for $33.6 million to EJS Group and Hope Street Capital on March 16, 2022.

The Collective sold 268 Lorimer Street, Williamsburg, Brooklyn for $53.9 million to Loketch Group, Joyland Group and Meral Property Group on February 01, 2022.

The Collective borrowed $39 million from Argentic Investment Management for 35-02 37th Avenue, Long Island City, Queens on April 09, 2021.

The Collective borrowed $75 million from ACRES Capital for 286 North 8th Street, Williamsburg, Brooklyn on March 11, 2020.

The Collective sold 286 North 8th Street, Williamsburg, Brooklyn for $0 to The Collective on March 11, 2020.

• DBI Projects sold 286 North 8th Street, 292 North 8th Street, 289 North 7th Street, Williamsburg, Brooklyn for $41.4 million to The Collective on December 19, 2019.

The Collective borrowed $17 million from Emerald Creek Capital for 286 North 8th Street, 292 North 8th Street, 289 North 7th Street, Williamsburg, Brooklyn on December 19, 2019.

Latest Stories:

• Joyland, Loketch sign $150M refi with TPG for 270-unit project in Williamsburg (August 01, 2024)

• EJS Group, Hope Street sign $83.15M construction loan with Bank OZK in Bedford Stuyvesant (December 14, 2023)

• Anonymous buyer pays $35.7M to The Collective for LIC hotel, last sold for $58M (August 15, 2023)

• Loketch Group, partners sign $90M construction loan with Scale Lending for 274-unit development in Williamsburg (December 07, 2022)

• EJS Group, Hope Street pay $33.6M to Time Square, The Collective for dev site in Bed Stuy (March 17, 2022)

• Loketch, Joyland, and Meral pay $53.9M to The Collective for dev site in Williamsburg (February 02, 2022)

• Co-living company Collective refis LIC Paper Factory hotel with $39M from Argentic (April 12, 2021)

• The Collective borrows $75M from Acres Capital for property construction in Williamsburg (March 12, 2020)

• London-based The Collective pays $41M for development site in Williamsburg (December 20, 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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