Sheng Zhang

Xin Development Group International

(Xinyuan Real Estate, Xinyuan USA, Xinyuan Real Estate Co.)

Xin Development Group International portfolio

$26 million* – condo 61%, specialty 38%; Manhattan 61%, Queens 38%

1463th largest portfolio by dollar value

115,541 sqft – specialty 69%, condo 30%;

1750th largest by SF

6 properties – Manhattan 83%, Queens 16%

1330th largest

1 foreclosure, 3 bankruptcies, 4 other court cases.

Person Activity past 24 months:

Seller signatory: 1 for $50 million

Borrower signatory: 2 for $65 million

Top Ten Associated Companies:

Avant Capital (2), BH3 Management (1)

Top Ten Associated People:

Adam Luysterborghs (2), Neil Ellner (1)

Recent activity as company:

• Xin Development Group International borrowed $32.5 million from Avant Capital for 615 10th Avenue, 631 10th Avenue, 625 10th Avenue, 619 10th Avenue, and 505 West 44th Street, Hell’s Kitchen, Manhattan on December 13, 2024.

• Xin Development Group International sold 500 West 45th Street, 500 West 45th Street, 500 West 45th Street, 500 West 45th Street, 500 West 45th Street, and others, Hell’s Kitchen, Manhattan for $50 million to BH3 Management on October 24, 2024.