Closer Group
(Closer Properties, Seven Valleys Capital, Seven Valleys)
Family Office
11 E 51st St New York, NY 10022
767 5th Ave 46th Fl General Motors Building, New York, NY 10153
People:
Closer Group NYC portfolio
$112.6 million -mixed-use 46%, retail 30%, office 22%; Manhattan 100%*
1397th largest portfolio by dollar value
39,145 sqft – office 50%, mixed-use 43%, retail 6%; Manhattan 100%
3908th largest by SF
7 properties – Manhattan 100%
1462th largest
9 residential units – Manhattan 100%
4935th largest by residential units
Other Links:
Notes
Closer Group is the family office for company founder and CEO Zhang Xin, of property developer SOHO China.
Company Activity past 24 months:
Buyer company: 3 for $75.8 million
Recent activity as company:
• Philip Arcara sold 1133 Lexington Avenue for $13.2 million to Closer Group on March 06, 2026.
• W Financial sold 148 East 79 Street for $62.6 million to Closer Group on October 21, 2025.
• Benjamin Klapper sold 1133 Lexington Avenue for $0 to Closer Group on October 21, 2025.
• SKW Funding on September 03, 2020 bought a loan with an original principal of $57.5 million from Seven Valleys Capital, secured by 28 India Street, when owned by RedSky Capital.
• Legion Investment Group borrowed $70.1 million from ACORE Capital for None on May 05, 2020.
Latest Stories:
• Lendlease signs $450M refi loan with Ares for 834-unit rental in Greenpoint (February 18, 2026)
• Contract signed for UES parcel sandwiched by defaulted HFZ dev site (June 07, 2021)
• Lendlease pays $110.8M to RedSky for Greenpoint development site (October 19, 2020)
• Seven Valleys sells $57.5M debt on RedSky building to SKW Funding (October 14, 2020)
• Legion Investment obtains $59.5M construction loan ACORE for UES condo project (July 02, 2020)
• Legion Investment borrows $70M from ACORE Capital to build UES condo project (June 01, 2020)
• Ziel Feldman’s HFZ Capital enlarges UES assemblage with $49M in purchases (March 16, 2020)
Properties: