Gregory Kraut

KPG Funds

KPG Funds|KPG Funds|LaSalle Investment Management portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$70.9 million – retail 58%, condo 30%; Manhattan 100%, Bronx 0%

725th largest portfolio by dollar value

143,033 sqft – retail 38%, specialty 32%;

1503th largest by SF

5 properties – Manhattan 100%, Bronx 0%

152th largest

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 1 for $52 million

Borrower signatory: 2 for $58.6 million

Lender signatory: 0 for $0

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

Top Ten Associated Companies:

Vornado Realty Trust (2), Ready Capital (2), BrightSpire Capital (1), Callodine Thorofare (1), Ladder Capital (1), Thorofare Capital (1), Sabal Investment Holdings (1), GDS Brightstar (1), Spear Street Capital (1), Salvation Army (1)

Top Ten Associated People:

Steven J. Borenstein (2), David Traitel (1), Edward Prosser (1), Stephen Drakeford Ayers (1), John Grassi (1), Adolph M. Orlando (1), David Kronman (1), Melissa Perez (1)

Recent activity as signatory:

KPG Funds sold 446 Broadway, Little Italy, Manhattan for $52 million to Spear Street Capital on September 25, 2024.

KPG Funds borrowed $49.6 million from Sabal Investment Holdingsand GDS Brightstar for 478 Broadway, Little Italy, Manhattan on June 26, 2023.

KPG Funds borrowed $9 million from Ready Capital for 102 Chambers Street, Tribeca, Manhattan on May 16, 2023.

KPG Funds borrowed $34.5 million from Thorofare Capital for 132 West 14th Street, Greenwich Village, Manhattan on September 09, 2022.

Gregory Kraut filed plans for major alteration for 56,409 sqft in Greenwich Village, Manhattan, on June 27, 2022.

KPG Funds borrowed $51 million from Ladder Capital for 446 Broadway, Little Italy, Manhattan on April 06, 2022.

Vornado Realty Trust sold 478 Broadway, Little Italy, Manhattan for $17.1 million to KPG Fundsand LaSalle Investment Management on January 31, 2022.

KPG Funds borrowed $15.7 million from Callodine Thorofare for 478 Broadway, Little Italy, Manhattan on January 31, 2022.

Vornado Realty Trust sold 155 Spring Street and 155 Spring Street, SoHo, Manhattan for $67.4 million to KPG Fundsand LaSalle Investment Management on January 31, 2022.

KPG Funds borrowed $46.1 million from BrightSpire Capital for 155 Spring Street and 155 Spring Street, SoHo, Manhattan on January 31, 2022.

Latest Stories:

• Spear Street pays $52M to KPG for retail in SoHo, just above $51M 2022 loan September 26, 2024

• KPG Funds signs $49.6M refi loan with Sabal, GDS Brightstar for office rehab in Little Italy June 27, 2023

• KPG Funds signs $9M refi with Ready Capital for retail in Tribeca May 17, 2023

• KPG Funds signs $34.5M rehab construction loan with Thorofare Capital for commercial in Greenwich Village September 12, 2022

• KPG Funds signs $51M refi loan with Ladder Capital for retail, office in Soho April 07, 2022

• KPG Funds, LaSalle pay $84.5M to Vornado Realty Trust for two properties in SoHo February 01, 2022

• KPG Funds signs ground lease valued at $22.1M with Salvation Army for office building in West Village August 12, 2021

• Greg Kraut’s KPG Funds pays $12M to Cape Advisors for retail condo in Tribeca January 21, 2021