Dermot Company

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Dermot Company NYC portfolio

$2.9 billion* – condo 64%, elevator 35%; Manhattan 70%, Brooklyn 25%

60th largest portfolio by dollar value

4,496,090 sqft – condo 57%, elevator 42%;

62th largest by SF

31 properties – Manhattan 51%, Brooklyn 38%

313th largest

4,450 residential units – Manhattan 63%, Brooklyn 28%

35th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $370 million

Borrower company: 2 for $393 million

Top Ten Associated Companies:

Helaba (2), Azora Exan (2), Hampshire Properties (1), Signature Bank (1), BentallGreenOak (1), Capital One (1), PNC Bank (1), RAL Development Services (1), China Vanke (1), Forethought Life Insurance Company (1)

Top Ten Associated People:

Thomas Rosenthal (1), Gregory Fantauzzi (1), Robert B. Edwards (1), Prithvi Mohan (1), Benjamin H. Kepley (1), Douglas Gladstone (1), Robert A. Levine (1), Celine Comeau (1), Jason Beren (1), Russell Hubley (1)

Recent activity as company:

• Dermot Company borrowed $130 million from NYS Housing Finance Agency and Mizuho Capital Markets for 29 Flatbush Avenue, 29 Flatbush Avenue, 29 Flatbush Avenue, and 29 Flatbush Avenue, None, Brooklyn on January 03, 2025.

• DTH Capital, Eastbridge Group and AG Real Estate sold 20 Exchange Place, 20 Exchange Place, and 20 Exchange Place, Financial District, Manhattan for $370 million to Dermot Company on August 19, 2024.

• Dermot Company borrowed $263 million from Forethought Life Insurance Company for 101 West End Avenue, Lincoln Square, Manhattan on August 08, 2023.

• RAL Development Services and China Vanke sold 15 Bridge Park Drive, Brooklyn Heights, Brooklyn for $90 million to Dermot Company and Goldman Sachs on January 27, 2023.

• Dermot Company borrowed $35 million from Azora Exan for 316 Bergen Street, Boerum Hill, Brooklyn on October 20, 2022.

• Azora Exan sold 316 Bergen Street, Boerum Hill, Brooklyn for $45.5 million to Dermot Company on October 20, 2022.

• Dermot Company borrowed $57.6 million from PNC Bank for 250 East Houston Street and 250 East Houston Street, None, Manhattan on September 12, 2022.

• Dermot Company borrowed $120 million from Helaba for 520 West 43rd Street, Hell’s Kitchen, Manhattan on August 10, 2022.

• Dermot Company borrowed $116.5 million from Helaba for 220 East 72nd Street, Lenox Hill, Manhattan on July 22, 2022.

• Dermot Company borrowed $92.5 million from Capital One for 236 Livingston Street, 236 Livingston Street, 236 Livingston Street, and 236 Livingston Street, Boerum Hill, Brooklyn on June 22, 2022.