KPG Funds
People:
KPG Funds portfolio
$70.9 million* – retail 58%, condo 30%; Manhattan 100%, Bronx 0%
744th largest portfolio by dollar value
143,033 sqft – retail 38%, specialty 32%;
1523th largest by SF
5 properties – Manhattan 100%, Bronx 0%
1497th largest
Company Activity past 24 months:
Seller company: 2 for $100.1 million
Borrower company: 2 for $58.6 million
Top Ten Associated Companies:
Vornado Realty Trust (2), Spear Street Capital (2), Ready Capital (2), BrightSpire Capital (1), Callodine Thorofare (1), Ladder Capital (1), Thorofare Capital (1), Sabal Investment Holdings (1), GDS Brightstar (1), Salvation Army (1)
Top Ten Associated People:
Steven J. Borenstein (2), David Traitel (1), Edward Prosser (1), Stephen Drakeford Ayers (1), Rajiv Patel (1), John Grassi (1), Adolph M. Orlando (1), David Kronman (1), Melissa Perez (1)
Recent activity as company:
• KPG Funds sold 446 Broadway, Little Italy, Manhattan for $52 million to Spear Street Capital on September 25, 2024.
• Intercontinental Real Estate and KPG Funds sold 30-32 Howard Street, SoHo, Manhattan for $48.1 million to Spear Street Capital on October 12, 2023.
• KPG Funds borrowed $49.6 million from Sabal Investment Holdings and GDS Brightstar for 478 Broadway, Little Italy, Manhattan on June 26, 2023.
• KPG Funds borrowed $9 million from Ready Capital for 102 Chambers Street, Tribeca, Manhattan on May 16, 2023.
• KPG Funds borrowed $34.5 million from Thorofare Capital for 132 West 14th Street, Greenwich Village, Manhattan on September 09, 2022.
• KPG Funds borrowed $51 million from Ladder Capital for 446 Broadway, Little Italy, Manhattan on April 06, 2022.
• Vornado Realty Trust sold 478 Broadway, Little Italy, Manhattan for $17.1 million to KPG Funds and LaSalle Investment Management on January 31, 2022.
• KPG Funds borrowed $15.7 million from Callodine Thorofare for 478 Broadway, Little Italy, Manhattan on January 31, 2022.
• Vornado Realty Trust sold 155 Spring Street and 155 Spring Street, SoHo, Manhattan for $67.4 million to KPG Funds and LaSalle Investment Management on January 31, 2022.
• KPG Funds borrowed $46.1 million from BrightSpire Capital for 155 Spring Street and 155 Spring Street, SoHo, Manhattan on January 31, 2022.
Latest Stories:
• Spear Street pays $52M to KPG for retail in SoHo, just above $51M 2022 loan (September 26, 2024)
• Spear Street signs $21.8M initial loan with Voya for recent purchase in SoHo (April 17, 2024)
• KPG Funds signs $9M refi with Ready Capital for retail in Tribeca (May 17, 2023)
• KPG Funds signs $51M refi loan with Ladder Capital for retail, office in Soho (April 07, 2022)
• Greg Kraut’s KPG Funds pays $12M to Cape Advisors for retail condo in Tribeca (January 21, 2021)
Properties: