James Simmons
(James H. Simmons III)
Asland Capital Partners
Owner
Asland Capital Partners portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$19.6 million – elevator 67%, walkup 30%; Bronx 61%, Manhattan 38%
1746th largest portfolio by dollar value
372,483 sqft – elevator 71%, walkup 28%;
751th largest by SF
12 properties – Manhattan 66%, Bronx 33%
145th largest
551 residential units – Bronx 74%, Manhattan 25%
352th largest by residential units
Person Activity past 24 months:
Buyer signatory: 5 for $45.2 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $19.7 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
L+M Development Partners (5), NYC Housing Development Corporation (2), NYS Housing Finance Agency (1)
Top Ten Associated People:
Ron Moelis (4), Lauren Connors (1), Ronald Moelis (1), Julie M. Behrens (1)
Recent activity as signatory:
• L+M Development Partners sold 201 W. 148th Street, Harlem, Manhattan for $5.9 million to Asland Capital Partners on July 14, 2023.
• L+M Development Partners sold 349 Lenox Avenue, Harlem, Manhattan for $5.2 million to Asland Capital Partners on June 16, 2023.
• Asland Capital Partners borrowed $11.3 million from NYC Housing Development Corporation for 1011 Washington Avenue, Morrisania, Bronx on June 16, 2023.
• L+M Development Partners sold 1011 Washington Avenue, Morrisania, Bronx for $17.7 million to Asland Capital Partners on June 16, 2023.
• Asland Capital Partners borrowed $8.4 million from NYC Housing Development Corporation for 215 West 148th Street, 211 West 148th Street, 209 West 148th Street, 207 West 148th Street, 205 West 148th Street, and others, Harlem, Manhattan on June 15, 2023.
• L+M Development Partners sold 215 West 148th Street, 211 West 148th Street, 209 West 148th Street, 207 West 148th Street, 205 West 148th Street, and others, Harlem, Manhattan for $10.1 million to Asland Capital Partners on June 15, 2023.
• L+M Development Partners sold 1090 Franklin Avenue, Morrisania, Bronx for $6.3 million to Asland Capital Partners on June 15, 2023.
• Asland Capital Partnersand Pembroke borrowed $77.3 million from NYS Housing Finance Agency for 1940 Turnbull Avenue, Unionport, Bronx on May 24, 2022.