Two Trees Management

45 Main Street Suite 1200 Brooklyn, NY 11201

People:

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Two Trees Management portfolio

$1.2 billion – office 33.0%, condo 32.0%; Brooklyn 82.0%, Manhattan 17.0%

51th largest portfolio by dollar value

4,541,072 sqft – office 37.0%, condo 27.0%;

61th largest by SF

58 properties – Brooklyn 91%, Manhattan 8%

99th largest

2,681 residential units – Brooklyn 82.0%, Manhattan 17.0%

67th largest by residential units

0 foreclosures, 0 bankruptcies, 5 other court cases.

Company Activity past 24 months:

Buyer company: 0 for $0

Seller company: 0 for $0

Borrower company: 6 for $543.1 million

Lender company: 0 for $0

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

Top Ten Associated Companies:

Wells Fargo (9), M&T Bank (7), JPMorgan Chase (3), City of New York (1), Provident Bank (1), Signature Bank (1), Consolidated Edison Company of New York (1), Two Trees Management (1), Fannie Mae (1), NYS Housing Finance Agency (1)

Top Ten Associated People:

Alexander D. Carni (2), Ryan Cawley (2), Brianna Larson (1), Karl Seus (1), Garrett W. Thelander (1), Natalya M. Robles (1), Anna Belobrovka (1), Christian Adrian (1), Bogdan Tereshchenko (1)

Latest Stories:

• Two Trees signs $75M refi with Wells Fargo for three dev sites in Williamsburg (November 14, 2024)

• Two Trees Management signs $98M refi with JPMorgan Chase for office in Dumbo, up from $85M (May 10, 2024)

• Two Trees signs $80M construction loan with M&T Bank for conversion in Williamsburg (August 23, 2022)

• Two Trees Management borrows $26M from M&T Bank for property in Brooklyn (January 14, 2021)

• Two Trees borrows $69M from Wells Fargo for two Brooklyn rental refis (December 02, 2020)

• Two Trees Management borrows $194M from Wells Fargo for 379-unit rental in Fort Greene (November 27, 2020)

• Two Trees ups debt to $160M at 60 Water Street rentals in Dumbo (August 27, 2020)

• Two Trees Management borrows $45M from Wells Fargo in new debt at Mercedes House in Clinton (February 20, 2020)

• Walentas family’s Two Trees Management borrows $79M from M&T Bank as a land loan in Williamsburg (January 20, 2020)

• City of New York pays $7M to Two Trees Management for condo unit in Fort Greene (December 18, 2019)

Litigation:

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Properties:

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