Gregory Kraut

KPG Funds

KPG Funds|KPG Funds|LaSalle Investment Management portfolio

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

744th largest portfolio by dollar value

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

1523th largest by SF

5 properties – Manhattan 100%, Bronx 0%

1497th largest

Person Activity past 24 months:

Seller signatory: 1 for $52 million

Borrower signatory: 2 for $58.6 million

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 company:

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 Holdings and 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.

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 Funds and 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 Funds and 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.

Salvation Army sold 132/136 West 14th Street, West Village, Manhattan for $22.1 million to KPG Funds on August 11, 2021.

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)

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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