Fortuna Realty Group

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Fortuna Realty Group NYC portfolio

$373.2 million -hotel 71%, condo 24%, development 3%; Manhattan 100%*

560th largest portfolio by dollar value

372,102 sqft – hotel 68%, condo 18%, development 13%; Manhattan 100%

998th largest by SF

5 properties – Manhattan 100%

1761th largest

4 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Seller company: 2 for $6 million

Borrower company: 3 for $103.2 million

Top Ten Associated Companies:

Goldman Sachs (4), Lalmir Sultanzada (2), Jesta Group (1), Deutsche Bank (1), BridgeInvest (1), 109Co (1), Citibank (1), Prime Finance Partners (1)

Top Ten Associated People:

Lalmir Sultanzada (2), Judah Bendayan (1), Aurelian Vinson (1), Laurent Teitgen (1), Anthony Pontoriero (1), David Addison (1), Alex Horn (1)

Recent activity as company:

109Co on February 25, 2026 bought a loan with an original principal of $44 million from Morgan Stanley, signed by Emily Pereless, secured by 129 West 28 Street, when owned by Fortuna Realty Group.

Fortuna Realty Group borrowed $52 million from BridgeInvest for 523 Greenwich Street on June 09, 2025.

Fortuna Realty Group borrowed $51.2 million from Citibank for 27 West 38th Street and 25 West 38th Street, Grand Central, Manhattan on February 07, 2025.

Fortuna Realty Group sold 304 East 173 Street for $2.9 million to Lalmir Sultanzada on March 21, 2024.

Fortuna Realty Group sold 372 East 148 Street for $3.1 million to Lalmir Sultanzada on March 21, 2024.

Fortuna Realty Group borrowed $10 million from Jesta Group for 1150 Avenue Of The Americas on August 31, 2023.

Fortuna Realty Group borrowed $124 million from Deutsche Bank for None on July 25, 2023.

Fortuna Realty Group and Kalimian Equities borrowed $116 million from Goldman Sachs for None on August 24, 2022.

Prime Finance Partners on February 11, 2022 bought a loan with an original principal of $45 million from M&T Bank, signed by Frederick C. Ross, secured by 523 Greenwich Street, when owned by Fortuna Realty Group.

Fortuna Realty Group borrowed $112 million from Goldman Sachs for None on November 03, 2020.

Latest Stories:

• Durgaj Properties signs $13.6M construction loan for 59-unit project in Claremont Village (September 15, 2025)

• Fortuna Realty Group signs $52M refi with BridgeInvest for hotel in Hudson Square (June 18, 2025)

• Morgan Stanley files $44M pre-foreclosure at 122-room hotel in Chelsea (April 03, 2025)

• Lalmir Sultanzada pays $5.9M to Fortuna Realty Group for mixed-use in Bronx (April 05, 2024)

• Fortuna Realty Group signs $124M refi loan with Deutsche Bank for hotel in Grand Central (August 11, 2023)

• Fortuna Realty, Kalimian Equities sign $116M refi with Goldman Sachs for hotel in Grand Central (September 01, 2022)

• Prime Finance buys $45M note secured by Fortuna’s Hotel Hugo (February 18, 2022)

• Fortuna Realty gets $112M construction loan from Goldman Sachs for property in Garment District (November 27, 2020)

• Fortuna Realty ups debt to $58M from Goldman Sachs for hotel project in Garment District (August 26, 2020)

• Fortuna Realty borrows $49M from Goldman Sachs to refi under-construction hotel in Garment District (June 02, 2020)

Court Records:

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Properties:

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