Robert Morgenstern

Canvas Property Group

Owner

215 Lexington Avenue 20th Floor New York, NY 10016

Morgenstern Capital

Canvas Property Group portfolio

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

$66.5 million – elevator 80%, walkup 19%; Manhattan 86%, Brooklyn 13%

760th largest portfolio by dollar value

180,493 sqft – elevator 70%, walkup 29%;

1291th largest by SF

5 properties – Manhattan 60%, Brooklyn 40%

152th largest

254 residential units – Manhattan 86%, Brooklyn 13%

551th largest by residential units

Person Activity past 24 months:

Buyer signatory: 2 for $217.3 million

Seller signatory: 4 for $120.5 million

Borrower signatory: 2 for $67.4 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 2 for 98,325 square feet

Top Ten Associated Companies:

Greystone & Co. (2), Square Mile Capital Management (1), Meadow Partners (1), One Wealth Partners (1), Four Winds Real Estate (1), Alan Lerner (1), Erica Lerner (1), Elynn Lerner (1), Yong Hong Guan (1), PGIM Real Estate (1)

Top Ten Associated People:

Brad Cohen (1), Ann Sutton (1), Jeffrey Kaplan (1), Steven M. Dark (1), David Schneiderman (1), Yong Hong Guan (1), Lynn deCastro (1), Joel Gluck (1), Tadashi Yoshimi (1)

Recent activity as signatory:

• Canvas Investment Partnersand Tokyu Land US borrowed $57 million from Tokyu Land US for 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn on November 25, 2024.

• Spencer Equity Group sold 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn for $112.8 million to Canvas Investment Partnersand Tokyu Land US on November 25, 2024.

• PGIM Real Estate sold 220 East 22nd Street and 210 East 22nd Street, Gramercy, Manhattan for $104.5 million to Canvas Property Group on October 21, 2024.

• Morgenstern Capital sold 347 Lorimer Street, Williamsburg, Brooklyn for $15 million to Yong Hong Guan on May 30, 2024.

• Morgenstern Capitaland H.I.G. Capital sold 47 East 34th Street, Grand Central, Manhattan for $68 million to Four Winds Real Estateand Alan Lernerand Erica Lernerand Elynn Lerner on May 24, 2024.

• Morgenstern Capitaland Canvas Property Group sold 118 2nd Avenue, East Village, Manhattan for $14.4 million to One Wealth Partners on January 23, 2024.

• Robert Morgenstern filed plans for major alteration for 1 sqft in SoHo, Manhattan, on September 26, 2023.

• Morgenstern Capitaland Canvas Property Group sold 203 10th Avenue, 205 10th Avenue, 505 West 22nd Street, and 207 10th Avenue, Chelsea, Manhattan for $23 million to Meadow Partners on September 12, 2023.

• Canvas Property Group borrowed $10.4 million from Greystone & Co. for 245 Eldridge Street, Lower East Side, Manhattan on August 11, 2023.

• Robert Morgenstern filed plans for major alteration for 98,324 sqft in Brooklyn, on July 21, 2023.