BVK
(BVK-Immobilien, Bayerische Versorgungskammer)
Lender
BVK NYC portfolio
$2.4 billion -office 91%, condo 8%; Manhattan 100%*
91th largest portfolio by dollar value
812,168 sqft – office 97%, condo 2%; Manhattan 100%
567th largest by SF
3 properties – Manhattan 100%
2646th largest
1 foreclosure, 0 bankruptcies, 1 other court case.
Notes
Universal Investment manages some fund for BVK.
Top Ten Associated Companies:
Bank of America (1)
Recent activity as company:
• Paramount Group and BVK borrowed $128 million from Bank of America for 1600 Broadway and 1600 Broadway, Midtown West, Manhattan on February 24, 2022.
• Sherwood Equities sold 1600 Broadway and 1600 Broadway, Midtown West, Manhattan for $191.5 million to Paramount Group and BVK on February 24, 2022.
• Yellowstone Real Estate Investments borrowed $90 million from BVK for 437 West 56 Street on March 31, 2021.
Latest Stories:
• MacArthur Holdings pays $11.9M for foreclosed retail in Meatpacking District (October 04, 2023)
• Paramount Group, BVK pay $191.5M to Sherwood for Times Square retail (March 10, 2022)
• Yellowstone buys Watson Hotel valued at $190M in Clinton (April 08, 2021)
• $62.5M of debt on German-owned 711 5th Avenue assigned to CMBS (July 17, 2020)
• Nightingale Properties and Wafra pay $909M to Coca-Cola for 711 Fifth Avenue (September 04, 2019)
Court Records:
Properties: