Midtown West Walkup Portfolio

404 W 56th St., New York, NY 10019

Acquisition Date: 5/13/22

Project Highlights

510 Units in Manhattan

Partnered with UHNW family to recapitalize, refinance, and restructure the ownership
of this $300M apartment building portfolio.

Non-recourse guarantor of $183M structured loan designed to execute a $25M renovation
plan across the portfolio.

Handling all aspects of property, construction, and regulatory management.

Net Operating Income is expected to double over 36 month time frame TO $14M.

Overseeing all financial reporting to structured and securitized lender.

Managing $25M construction loan across 31 buildings in Manhattan.

Executing the business plan, one apartment and one decision at a time.