Asland Capital Partners

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Asland Capital Partners portfolio

$19.6 million* – elevator 67%, walkup 30%; Bronx 61%, Manhattan 38%

1774th largest portfolio by dollar value

372,483 sqft – elevator 71%, walkup 28%;

769th largest by SF

12 properties – Manhattan 66%, Bronx 33%

744th largest

551 residential units – Bronx 74%, Manhattan 25%

396th largest by residential units

Company Activity past 24 months:

Buyer company: 5 for $45.2 million

Seller company: 1 for $11.7 million

Borrower company: 3 for $241.8 million

Top Ten Associated Companies:

L+M Development Partners (5), NYC Housing Development Corporation (3), NYS Housing Finance Agency (1), Gilbane Development (1)

Top Ten Associated People:

Ron Moelis (4), Lauren Connors (1), Ronald Moelis (1), Julie M. Behrens (1), Matthew P. Lawrence (1)

Recent activity as company:

Douglaston Development, Asland Capital Partners and Breaking Ground borrowed $222.1 million from NYC Housing Development Corporation for 715 Noble Avenue, 740 Beach Avenue, and 710 Noble Avenue, Soundview, Bronx on August 02, 2024.

Asland Capital Partners and Pembroke sold 1931 Lafayette Avenue, Unionport, Bronx for $11.7 million to Gilbane Development on May 20, 2024.

L+M Development Partners sold 201 W. 148th Street, Harlem, Manhattan for $5.9 million to Asland Capital Partners on July 14, 2023.

L+M Development Partners sold 349 Lenox Avenue, Harlem, Manhattan for $5.2 million to Asland Capital Partners on June 16, 2023.

Asland Capital Partners borrowed $11.3 million from NYC Housing Development Corporation for 1011 Washington Avenue, Morrisania, Bronx 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.

Asland Capital Partners borrowed $8.4 million from NYC Housing Development Corporation for 215 West 148th Street, 211 West 148th Street, 209 West 148th Street, 207 West 148th Street, 205 West 148th Street, and others, Harlem, Manhattan on June 15, 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.

Asland Capital Partners and Pembroke borrowed $77.3 million from NYS Housing Finance Agency for 1940 Turnbull Avenue, Unionport, Bronx on May 24, 2022.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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