Prana Investments
(Prana Real Estate Equity Funds, Prana Growth Fund)
Owner
Private Equity
500 Washington Street, Suite 400 San Francisco, CA 94111
1995 Broadway 10th Floor New York, NY 10023
75 Broadway, Suite 203, San Francisco, California 94111
People:
Prana Investments NYC portfolio
$537.5 million -walkup 62%, elevator 37%; Bronx 67%, Manhattan 32%*
412th largest portfolio by dollar value
3,345,938 sqft – walkup 60%, elevator 38%; Bronx 76%, Manhattan 23%
135th largest by SF
104 properties – Bronx 74%, Manhattan 25%
57th largest
3,688 residential units – Bronx 74%, Manhattan 25%
77th largest by residential units
3 foreclosures, 0 bankruptcies, 0 other court cases.
Company Activity past 24 months:
Seller company: 1 for $13 million
Borrower company: 12 for $104.6 million
Top Ten Associated Companies:
Community Preservation Corporation (9), Signature Bank (8), ConnectOne Bank (4), Peapack-Gladstone Bank (3), New York Community Bank (2), Connectone Bank (2), Dime Community Bank (2), Jungsun Lee (1), Abro Management (1), Capital One (1)
Top Ten Associated People:
Robert Riggs (9), Stephen Toth (3), Jungsun Lee (1), Michael Strauss (1), Richard Scharf (1), Elizabeth Arato (1), Jonathan N. Wiener (1)
Recent activity as company:
• Prana Investments and NYC Housing Partnership borrowed $5.1 million from Community Preservation Corporation for 525 West 212 Street on August 27, 2025.
• Prana Investments and NYC Housing Partnership borrowed $11.1 million from Community Preservation Corporation for 1398 St Nicholas Avenue on August 27, 2025.
• Prana Investments and NYC Housing Partnership borrowed $10.4 million from Community Preservation Corporation for 1384 St Nicholas Avenue on August 27, 2025.
• Prana Investments borrowed $5.7 million from Community Preservation Corporation for 3115 Sedgwick Avenue on August 27, 2025.
• Prana Investments borrowed $7.2 million from Community Preservation Corporation for 1324 Riverside Drive on August 27, 2025.
• Prana Investments borrowed $5.5 million from Community Preservation Corporation for 20 Sherman Avenue on August 27, 2025.
• Prana Investments and NYC Housing Partnership borrowed $11.5 million from Community Preservation Corporation for 1407 St Nicholas Avenue on August 27, 2025.
• Prana Investments and NYC Housing Partnership borrowed $7 million from Community Preservation Corporation for 2376 Amsterdam Avenue on August 27, 2025.
• Prana Investments and NYC Housing Partnership borrowed $5.8 million from Community Preservation Corporation for 36 Sickles Street on August 27, 2025.
• Prana Investments sold 2714 Broadway for $13 million to Jungsun Lee on July 09, 2025.
Latest Stories:
• NJ-tied group pays $13M to Prana Investments for retail, office in Upper West Side (July 25, 2025)
• Abro Management pays $3.7M to Prana Investments for retail in Inwood (October 06, 2022)
• Prana pays $7.8M for 55-unit elevator building in Washington Heights (April 01, 2022)
• Prana Investments pays $2.1M for residential walkup in Concourse Village (March 18, 2022)
• Denali pays $11.5M to Prana for 73-unit elevator building in Morris Heights (February 08, 2022)
• Prana Investments pays $3.2M for 20-unit rental in Harlem (November 23, 2021)
Court Records:
Properties: