Justin Adelipour

Capstone Equities

Owner

Capstone Equities portfolio

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

$157.8 million – hotel 73%, office 26%; Manhattan 73%, Brooklyn 26%

363th largest portfolio by dollar value

792,058 sqft – hotel 51%, office 48%;

399th largest by SF

6 properties – Manhattan 83%, Brooklyn 16%

151th largest

0 foreclosures, 0 bankruptcies, 2 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $75 million

Seller signatory: 1 for $75 million

Borrower signatory: 2 for $65.8 million

Lender signatory: 1 for $0

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

Top Ten Associated Companies:

Meadow Partners (1), Corigin Real Estate Group (1), Nightingale Properties (1), Maxim Capital Group (1), Capstone Equities (1), Argentic Investment Management (1)

Top Ten Associated People:

Timothy Yantz (1), Greg Gleason (1), Elchonon Schwartz (1), Eric Chan (1), Justin Adelipour (1)

Recent activity as signatory:

• Capstone Equities borrowed $49.5 million from Argentic Investment Management for 14 53rd Street, Sunset Park, Brooklyn on September 07, 2023.

• Nightingale Properties sold 14 53rd Street, Sunset Park, Brooklyn for $75 million to Capstone Equities on September 07, 2023.

• Capstone Equitiesand Republic Investment Company borrowed $16.2 million from Maxim Capital Group for 118 East 40th Street, Grand Central, Manhattan on July 21, 2023.

• Nightingale Properties borrowed $0 from Capstone Equities for 14 53rd Street, Sunset Park, Brooklyn on May 26, 2023.

• Meadow Partners sold 118 East 40th Street, Grand Central, Manhattan for $15.6 million to Republic Investment Company on May 06, 2022.

• Corigin Real Estate Group sold 20 East End Avenue, Yorkville, Manhattan for $10.8 million to Justin Adelipourand Setareh Adelipour on March 23, 2022.