Truman Development & Management
(Truman Management, Truman Development)
4403 15th Ave. Suite 277 Brooklyn, NY 11219
Truman Development & Management NYC portfolio
$13 million -elevator 69%, walkup 24%, development 6%; Bronx 75%, Brooklyn 24%*
4277th largest portfolio by dollar value
129,620 sqft – elevator 72%, walkup 27%; Bronx 72%, Brooklyn 27%
2030th largest by SF
4 properties – Bronx 75%, Brooklyn 25%
2525th largest
133 residential units – Bronx 66%, Brooklyn 33%
1507th largest by residential units
Notes
Website: Truman Management’s mission is to make affordable housing sustainable long-term by transforming underperforming section-8 and LIHTC properties into profitable, safe havens of hope for underprivileged Americans.
Company Activity past 24 months:
Buyer company: 2 for $24.9 million
Top Ten Associated Companies:
PIMCO (1), JPMorgan Chase (1), Urban Home Ownership Corporation (1)
Top Ten Associated People:
Paul Moore (1)
Recent activity as company:
• Center Development Corporation sold 783 Fox Street for $10.2 million to Truman Development & Management on May 01, 2025.
• Essex Plaza Management Associates sold 711 Ralph Avenue for $14.7 million to Truman Management on April 15, 2024.
• Truman Development sold 1705 Hoe Avenue for $12.6 million to Urban Home Ownership Corporation on October 25, 2023.
• Truman Development borrowed $11.5 million from JPMorgan Chase for 68 Sutter Avenue on November 24, 2021.
• PIMCO on September 28, 2021 bought a loan with an original principal of $6.3 million from Capital One, signed by Desiree Harlow, secured by 1368 Eastern Parkway, when owned by Truman Development.
Latest Stories:
• Truman Development pays $10.2M for rentals, land in Longwood (May 16, 2025)
• Brownsville affordable with 124 units sells for $14.7M (April 17, 2024)
Properties: