VOREA Group

People:

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VOREA Group portfolio

$34.3 million – development 32%, industrial 29%; Queens 81%, Brooklyn 18%

1207th largest portfolio by dollar value

315,913 sqft – industrial 32%, development 30%;

855th largest by SF

10 properties – Queens 60%, Brooklyn 40%

147th largest

903 residential units – Queens 60%, Brooklyn 39%

239th largest by residential units

Company Activity past 24 months:

Buyer company: 0 for $0

Seller company: 0 for $0

Borrower company: 3 for $37.6 million

Lender company: 0 for $0

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

Top Ten Associated Companies:

ACRES Capital (2), Fortress Storage (2), Wells Fargo (1), Lisa Levy (1), Coren family (1), 360 Capital Funding (1), RRA Capital (1), Signature Bank (1), Lawrence T. Dolin (1), JPMorgan Chase (1)

Top Ten Associated People:

David N. Brooks (1), Lawrence T. Dolin (1), Ladd Thorne (1), Ladd M. Thorne (1), Jaclyn Jesberger (1), Ursula Flores (1)

Latest Stories:

• VOREA signs $23.5M construction loan with 360 Capital for LIC office development (January 18, 2023)

• VOREA Group sells 99% stake in LIC industrial for $11.4M (September 27, 2022)

• Vorea Group pays $4.7M for dev site industrial in Long Island City (August 29, 2022)

• Vorea Group signs $24.1M loan with ACRES for hotel in Long Island City (March 21, 2022)

• Vorea Group, Domain, L+M sign $220M construction loan with Wells Fargo for 499-unit development in Long Island City (January 10, 2022)

• VOREA, Domain, L+M pay $88.5M to Fortress Storage for dev site in LIC (October 04, 2021)

• Vorea Group signs contract with storage company in LIC, pays $2M deposit (October 12, 2020)

• The Vorea Group is fully permitted for construction of 72-key hotel with retail space in LIC (July 27, 2020)

• Vorea Group obtained financing of $35M from Acres Loan Origination (August 29, 2019)

Properties:

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