Rialto Management Group
(Rialto Capital Management, Rialto Capital Advisors, Rialto Capital)
Owner, Lender
200 South Biscayne Blvd, Suite 3550, Miami, FL 33131
767 5th Ave #21a New York, NY 10153
People:
Rialto Management Group NYC portfolio
$272.1 million* – office 66.0%, hotel 14.0%; Manhattan 97.0%, Brooklyn 2.0%
589th largest portfolio by dollar value
230,967 sqft – office 57%, hotel 29%;
1069th largest by SF
8 properties – Manhattan 87%, Brooklyn 12%
1007th largest
27 residential units – Manhattan 70%, Brooklyn 29%
2839th largest by residential units
81 foreclosures, 0 bankruptcies, 17 other court cases.
Notes
Website: The term “Rialto Capital” refers to Rialto Management Group, LLC (“RMG”) and its subsidiaries: Rialto Capital Management, LLC, the registered investment advisor (“RCM”), and Rialto Capital Advisors, LLC, the asset manager and special servicer (“RCA”).
Company Activity past 24 months:
Buyer company: 5 for $101.5 million
Seller company: 1 for $2.4 million
Lender company: 1 for $54.5 million
Top Ten Associated Companies:
Greenbrook Partners (11), Thor Equities (2), PH Realty Capital (2), Lazar Waldman (2), Marx Development Group (1), Scott Schroeder (1), Kevin Fee (1), Victor Afonso (1), Townhouse Management Company (1), Prime Rok Real Estate (1)
Top Ten Associated People:
Gregory Fournier (10), Stephen L. Clark (2), Peter Hungerford (2), David Marx (1), Paul R. Sklar (1), Michael A. Maidman (1), Ian V. Lagowitz (1), Ephraim Diamond (1), Jeffrey R. Miller (1), Michael K. Shah (1)
Recent activity as company:
• Caihong Chen, Caiyun Chen, Mingsen Chen and Shuigun Chen sold 70 Broad Street, Financial District, Manhattan for $20 million to RSS WFCM2015-NXS2-NY WAM LLC and Rialto Capital Advisors on March 20, 2025.
• Prime Rok Real Estate and Daniel Rahmani sold 1442 Lexington Avenue, Carnegie Hill, Manhattan for $19.2 million to Rss Wfcm2018-C44-Ny Lod and Rialto Capital Advisors on February 25, 2025.
• Rialto Capital Management sold 597 Broadway, SoHo, Manhattan for $2.4 million to Lion Cub Development and Highstone Capital on February 10, 2025.
• Townhouse Management Company borrowed $54.5 million from FS Investments and Rialto Capital Advisors for 554-556 3rd Avenue, Murray Hill, Manhattan on January 03, 2025.
• Scott Schroeder, Kevin Fee and Victor Afonso sold 342 West 40th Street, Garment District, Manhattan for $40 million to Rialto Capital Advisors and RSS MSBAM2012-C5-NY 3PL on December 30, 2024.
• Vipul Patel, Jai Patel, Krishna Mehta, Chandra Mehta and Jagruti Patel borrowed $5.5 million from New Millennium Bank for 139-09 Archer Avenue, Jamaica, Queens on October 31, 2024.
• Stephen L. Clark borrowed $17.6 million from Equity Bank for 1320 Zerega Avenue, Westchester Square, Bronx on October 15, 2024.
• First Atlantic Capital borrowed $0 from 7G Realty for 123 Lafayette Street, Little Italy, Manhattan on July 26, 2024.
• Thor Equities sold 50 Bond Street, NoHo, Manhattan for $3.9 million to Rialto Capital Management on July 12, 2024.
• PH Realty Capital borrowed $17.3 million from LMF Commercial for 114 East 71st Street, Lenox Hill, Manhattan on February 27, 2024.
Latest Stories:
• Lender takes back landmarked 70 Broad with $20M bid (March 20, 2025)
• AB Capstone signs $24M refi with Stabilis for retail in Jamaica Estates (March 05, 2025)
• $66M pre-foreclosure filed at MJ Orbach office building in Flatiron District (February 13, 2025)
• Pre-foreclosure roundup: $12.8M in Mt. Eden, $6.8M in Jamaica, $7.2M in Harlem (February 07, 2025)
• Blackstone file $65M pre-foreclosure at Chetrit Garment District office (January 30, 2025)
• Servicer ends $180M pre-foreclosure at RFR’s 17 State in FiDi (January 15, 2025)
Court Records:
Properties: