Gilbane Inc.

(Gilbane Development, Gilbane Building)

Owner, Developer

Private Equity

7 Jackson Walkway, Floor 4, Providence, RI 02903

gilbaneco.com/development

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Gilbane Inc. NYC portfolio

$1.5 billion* – elevator 69%, development 23%, walkup 4%; Bronx 42%, Manhattan 40%, Brooklyn 17%

125th largest portfolio by dollar value

3,302,511 sqft – elevator 88%, D7 7%, walkup 4%;

94th largest by SF

25 properties – Bronx 84%, Brooklyn 12%, Manhattan 4%

302th largest

3,211 residential units – Manhattan 39%, Bronx 34%, Brooklyn 25%

59th largest by residential units

Company Activity past 24 months:

Buyer company: 5 for $166.6 million

Borrower company: 4 for $835.3 million

Developer (new building or major alteration): 2 for 380,810 square feet

Top Ten Associated Companies:

Spencer Equity Group (5), Arker Companies (3), Related Companies (3), New York City Housing Authority (2), NYC Housing Development Corporation (1), Deutsche Bank (1), Merchants Capital (1), Systima Capital Management (1), Low Income Investment Fund (1), City of New York (1)

Top Ten Associated People:

Matthew Finkle (3), David K Zussman (3), Alexander Arker (3), Dina Arker (3), Daniel Moritz (3), Joel Gluck (2), Bianca Geary (1), Katy Landolfi (1), Jonathan Gouveia (1), David Goldban (1)

Recent activity as company:

• Gilbane Inc. borrowed $445.9 million from Merchants Capital and New York City Housing Authority for N/A Amsterdam Avenue, Harlem, Manhattan on December 12, 2024.

• New York City Housing Authority sold N/A Amsterdam Avenue, Harlem, Manhattan for $4.9 million to Gilbane Inc. on December 12, 2024.

• Gilbane Development for Dimitrios Katehis filed plans for new building for 179,779 sqft in Coney Island, Brooklyn, on June 26, 2024.

• Gilbane Development borrowed $13 million from Low Income Investment Fund for 1931 Lafayette Avenue, Unionport, Bronx on May 09, 2024.

• Asland Capital Partners and Pembroke sold 1931 Lafayette Avenue, Unionport, Bronx for $11.7 million to Gilbane Development on May 09, 2024.

• Gilbane Development for Dimitrios Katehis filed plans for new building for 201,031 sqft in Concourse Village, Bronx, on December 18, 2023.

• Hudson Companies, Gilbane Development and MHANY Management borrowed $256.4 million from NYC Housing Development Corporation for N/A Spofford Avenue and 1223 Spofford Avenue, Hunts Point, Bronx on June 28, 2023.

• Tredway, Gilbane Development, ELH Mgmt. and Brookfield Asset Management borrowed $120 million from Deutsche Bank for 2930 West 30th Street, 2966 West 28th Street, and 2828 West 28th Street, Coney Island, Brooklyn on May 24, 2023.

• Arker Companies and Related Companies sold 2930 West 30th Street, Coney Island, Brooklyn for $61.4 million to Tredway, Gilbane Development, ELH Mgmt. and Brookfield Asset Management on May 24, 2023.

• Arker Companies and Related Companies sold 2828 West 28th Street, Coney Island, Brooklyn for $28.5 million to Tredway, Gilbane Development, ELH Mgmt. and Brookfield Asset Management on May 24, 2023.