People Restoring Communities
(Property Resources Corporation, PRC)
10 Bank Street, Suite 550 White Plains, NY 10606
People:
People Restoring Communities NYC portfolio
$633.5 million -elevator 82%, specialty 11%, walkup 5%; Brooklyn 92%, Bronx 7%*
423th largest portfolio by dollar value
1,916,677 sqft – elevator 80%, walkup 13%, specialty 5%; Brooklyn 75%, Bronx 24%
290th largest by SF
20 properties – Bronx 60%, Brooklyn 40%
571th largest
2,155 residential units – Brooklyn 79%, Bronx 20%
179th largest by residential units
Other Links:
https://www.multihousingnews.com/new-generation-same-mission-prcs-next-phase-in-affordable-housing/
Notes
People Restoring Communities changed its name from Property Resources Corporation.
Company Activity past 24 months:
Borrower company: 3 for $505.6 million
Top Ten Associated Companies:
Invesco Real Estate (5), NYC Housing Development Corporation (2), GRFO Alternative Investments (2), Berkadia Commercial Mortgage (1), Acore Capital (1), Cain International (1), Pacific Western Bank (1)
Top Ten Associated People:
Doron Greenberg (2), Brian Cheigh (1), Megan Mather (1), David Dancer (1)
Recent activity as company:
• Hudson Companies and People Restoring Communities borrowed $403.6 million from NYC Housing Development Corporation for 828 Ashford Street on June 23, 2026.
• Fairstead and People Restoring Communities borrowed $44.9 million from Berkadia Commercial Mortgage for 116 Featherbed Lane on February 27, 2026.
• Property Resources Corporation borrowed $57.1 million from Acore Capital for 85 Lewis Avenue on November 13, 2024.
• Cain International on June 08, 2023 bought a loan with an original principal of $43.2 million from Pacific Western Bank, signed by Joseph Pace, secured by 85 Lewis Avenue, when owned by Property Resources Corporation.
• Property Resources Corporation sold 1000 Amsterdam Avenue for $6.2 million to GRFO Alternative Investments on December 21, 2022.
• Property Resources Corporation sold 996 Amsterdam Avenue for $10 million to GRFO Alternative Investments on December 21, 2022.
• Property Resources Corporation borrowed $436.6 million from NYC Housing Development Corporation for 884 Ashford Street on December 28, 2021.
• Property Resources Corporation sold 891 Fox Street for $38 million to Invesco Real Estate on December 10, 2021.
• Property Resources Corporation sold 2027 Monterey Avenue for $20.3 million to Invesco Real Estate on December 10, 2021.
• Property Resources Corporation sold None for $16.6 million to Invesco Real Estate on December 10, 2021.
Latest Stories:
• Fairstead signs $25.5M refi with Berkadia for 12 properties in Longwood (August 12, 2025)
• Fairstead signs $48.5M refi with Berkadia for five rentals in Longwood (July 22, 2025)
• GO-RE Partners signs $11.7M refi for two UWS rentals (March 27, 2024)
• Hudson Companies, Property Resource, sign $7.7M ground lease with NYCHA (January 26, 2022)
Properties: