Ron Moelis
L+M Development Partners
L+M Development Partners portfolio
$2.7 billion* – elevator 67.0%, condo 20.0%; Manhattan 52.0%, Brooklyn 34.0%
20th largest portfolio by dollar value
24,236,989 sqft – elevator 74.0%, walkup 11.0%;
7th largest by SF
335 properties – Manhattan 52%, Brooklyn 37%
17th largest
25,409 residential units – Manhattan 41.0%, Brooklyn 41.0%
2th largest by residential units
Person Activity past 24 months:
Seller signatory: 4 for $39.3 million
Top Ten Associated Companies:
Top Ten Associated People:
James H. Simmons III (4), Rick Gropper (3)
Recent activity as company:
• L+M Development Partners sold 349 Lenox Avenue, Harlem, Manhattan for $5.2 million to Asland Capital Partners 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.
• 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.
• L+M Development Partners sold 454 East 148th Street, Mott Haven, Bronx for $11.2 million to Camber Property Group on November 13, 2020.
• L+M Development Partners sold 2340 Beaumont Avenue, Tremont, Bronx for $6.2 million to Camber Property Group on November 13, 2020.
• L+M Development Partners sold 740 Cranford Avenue, Morrisania, Bronx for $6.2 million to Camber Property Group on November 13, 2020.
Latest Stories:
• Camber Property pays $23.75M to L+M Development for 191 units in Bronx (November 16, 2020)
• Camber Property borrows $14.8M from Signature Bank to buy Bronx rentals (November 16, 2020)