Canvas Property Group

(Canvas Investment Partners)

215 Lexington Avenue 20th Floor New York, NY 10016

canvaspg.com/contact-us

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Canvas Property Group NYC portfolio

$319.5 million* – elevator 44%, condo 40%; Brooklyn 51%, Manhattan 48%

526th largest portfolio by dollar value

341,070 sqft – condo 47%, elevator 37%;

828th largest by SF

7 properties – Brooklyn 57%, Manhattan 42%

1157th largest

404 residential units – Manhattan 54%, Brooklyn 45%

515th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $217.3 million

Seller company: 2 for $37.5 million

Borrower company: 4 for $190.4 million

Top Ten Associated Companies:

Greystone & Co. (2), MUFG Bank (1), Tokyu Land US (1), Spencer Equity Group (1), Meadow Partners (1), Tokyu Land Corporation (1), PGIM Real Estate (1), One Wealth Partners (1)

Top Ten Associated People:

Tadashi Yoshimi (2), Masahiro Masuyama (1), Joel Gluck (1), Jeffrey Kaplan (1), Ann Sutton (1), Lynn deCastro (1), Steven M. Dark (1)

Recent activity as company:

• Canvas Investment Partners and Tokyu Land US borrowed $60 million from MUFG Bank for 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn on March 06, 2025.

• Canvas Investment Partners and Tokyu Land US borrowed $57 million from Tokyu Land US for 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn on November 25, 2024.

• Spencer Equity Group sold 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn for $112.8 million to Canvas Investment Partners and Tokyu Land US on November 25, 2024.

• Canvas Property Group borrowed $63 million from Tokyu Land Corporation for 220 East 22nd Street and 210 East 22nd Street, Gramercy, Manhattan on October 21, 2024.

• PGIM Real Estate sold 220 East 22nd Street and 210 East 22nd Street, Gramercy, Manhattan for $104.5 million to Canvas Property Group on October 21, 2024.

• Morgenstern Capital and Canvas Property Group sold 118 2nd Avenue, East Village, Manhattan for $14.4 million to One Wealth Partners on January 23, 2024.

• Morgenstern Capital and Canvas Property Group sold 203 10th Avenue, 205 10th Avenue, 505 West 22nd Street, and 207 10th Avenue, Chelsea, Manhattan for $23 million to Meadow Partners on September 12, 2023.

• Canvas Property Group borrowed $10.4 million from Greystone & Co. for 245 Eldridge Street, Lower East Side, Manhattan on August 11, 2023.

• Canvas Property Group borrowed $22 million from Greystone & Co. for 1381 Myrtle Avenue and 347 Lorimer Street, Bushwick, Brooklyn on September 27, 2021.