Xin Development Group International
(Xinyuan Real Estate, Xinyuan USA, Xinyuan Real Estate Co.)
People:
Xin Development Group International portfolio
$68.9 million* – condo 70%, specialty 29%; Brooklyn 47%, Queens 29%
758th largest portfolio by dollar value
436,691 sqft – specialty 36%, D6 32%;
683th largest by SF
47 properties – Brooklyn 82%, Manhattan 12%
206th largest
121 residential units – Manhattan 67%, Brooklyn 32%
1259th largest by residential units
1 foreclosure, 3 bankruptcies, 4 other court cases.
Company Activity past 24 months:
Seller company: 1 for $50 million
Borrower company: 2 for $65 million
Top Ten Associated Companies:
Avant Capital (2), American Regional Center for Entrepreneurs (1), Maverick Real Estate Partners (1), Klimart Capital (1), Ares Management (1), BH3 Management (1)
Top Ten Associated People:
Adam Luysterborghs (2), Thomas Hooker (1), Michael Friedman (1), Neil Ellner (1)
Recent activity as company:
• Xin Development Group International borrowed $32.5 million from Avant Capital for 615 10th Avenue, 631 10th Avenue, 625 10th Avenue, 619 10th Avenue, and 505 West 44th Street, Hell’s Kitchen, Manhattan on December 13, 2024.
• Xin Development Group International borrowed $32.5 million from Avant Capital for 615 10th Avenue, 631 10th Avenue, 625 10th Avenue, 619 10th Avenue, and 505 West 44th Street, Hell’s Kitchen, Manhattan on December 13, 2024.
• Xin Development Group International sold 500 West 45th Street, 500 West 45th Street, 500 West 45th Street, 500 West 45th Street, 500 West 45th Street, and others, Hell’s Kitchen, Manhattan for $50 million to BH3 Management on October 24, 2024.
• Xinyuan Real Estate Co. and Xin Development Group International borrowed $34.4 million from Maverick Real Estate Partners for 135-35 Northern Boulevard, Flushing, Queens on October 11, 2022.
• Xinyuan Real Estate borrowed $45 million from Klimart Capital for 429 Kent Avenue, 429 Kent Avenue, 429 Kent Avenue, 429 Kent Avenue, 429 Kent Avenue, and others, Williamsburg, Brooklyn on April 26, 2022.
• Xinyuan Real Estate borrowed $90 million from Ares Management for 615 10th Avenue, Clinton, Manhattan on January 27, 2021.
• Xinyuan Real Estate borrowed $55 million from American Regional Center for Entrepreneurs for 429 Kent Avenue, 429 Kent Avenue, 429 Kent Avenue, 429 Kent Avenue, 429 Kent Avenue, and others, Williamsburg, Brooklyn on November 08, 2019.
Latest Stories:
• Xin Development Group places $123M Hell’s Kitchen condo in bankruptcy (January 08, 2024)
• Maverick files $34.4M pre-foreclosure in Flushing 9 months after origination (July 21, 2023)
Court Records:
Properties: