Argent Ventures

Argent Ventures NYC portfolio

$447.2 million* – hotel 63%, specialty 36%; Manhattan 100%

412th largest portfolio by dollar value

1,079,431 sqft – hotel 78%, specialty 21%;

338th largest by SF

2 properties – Manhattan 100%

2940th largest

0 foreclosures, 1 bankruptcy, 2 other court cases.

Company Activity past 24 months:

Seller company: 1 for $53.3 million

Borrower company: 2 for $336.3 million

Top Ten Associated Companies:

H&R REIT (1), Riese Organization (1), SL Green Realty (1), Vornado Realty Trust (1), Greystone & Co. (1), Theatine Partners (1)

Top Ten Associated People:

Cynthia P. Adams (1), Robert Grimes (1), Michael Loeb (1), Lisa Follweiler (1), Richard Shinder (1)

Recent activity as company:

Argent Ventures borrowed $124.3 million from Greystone & Co. for 150 Riverside Drive, Upper West Side, Manhattan on November 26, 2024.

Argent Ventures sold 1601 Broadway, Midtown West, Manhattan for $53.3 million to company on July 23, 2024.

Argent Ventures borrowed $212 million from H&R REIT for 1601 Broadway, Midtown West, Manhattan on April 17, 2024.

Riese Organization sold 1601 Broadway, Midtown West, Manhattan for $17.2 million to Argent Ventures on December 28, 2022.

Theatine Partners borrowed $320.5 million from Argent Ventures for 1601 Broadway, Midtown West, Manhattan on May 03, 2022.

SL Green Realty borrowed $0 from Argent Ventures for 1601 Broadway, Midtown West, Manhattan on April 27, 2022.

Vornado Realty Trust borrowed $195 million from Argent Ventures for 1601 Broadway, Times Square, Manhattan on December 23, 2020.

Court Records:

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Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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