Adam Hellegers
(Adam P. Hellegers)
General Counsel And Partner
L+M Development Partners
(L&M Development Partners)
Owner
1865 Palmer Avenue, Floor 2 Larchmont, NY 10538
2 Park Avenue, Floor 23 New York, NY 10016
L+M Development Partners NYC portfolio
$7.6 billion -elevator 53%, condo 14%, development 13%; Manhattan 47%, Brooklyn 25%, Bronx 12%*
20th largest portfolio by dollar value
23,738,337 sqft – elevator 71%, condo 11%, walkup 11%; Manhattan 40%, Brooklyn 38%, Bronx 12%
11th largest by SF
268 properties – Manhattan 51%, Brooklyn 35%, Bronx 9%
10th largest
25,104 residential units – Manhattan 40%, Brooklyn 39%, Bronx 9%
5th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Seller signatory: 2 for $61.8 million
Borrower signatory: 1 for $6 million
Developer (new building or major alteration): 1 for 0 square feet
Top Ten Associated Companies:
Swiss Institute (1), Metropolitan Commercial Bank (1), Morgan Stanley (1), Greystone & Co. (1)
Top Ten Associated People:
Stefanie Hessler (1), Craig Zajac (1), Ross Dahmen (1), David Gross (1), Kristie Reinhardt (1)
Recent activity as signatory:
• Taconic Partners, L+M Development Partners and Goldman Sachs sold 250 Bowery, Lower East Side, Manhattan for $5.8 million to Swiss Institute on June 25, 2026.
• L+M Development Partners sold 175 Delancey Street, Lower East Side, Manhattan for $56 million to Morgan Stanley on December 04, 2025.
• L+M Development Partners borrowed $6 million from Metropolitan Commercial Bank for 11 Broadway, 11 Broadway, 11 Broadway, 11 Broadway, and 11 Broadway, Williamsburg, Brooklyn on January 08, 2025.
• L+M Development Partners borrowed $27.7 million from Greystone & Co. for 342 East 8th Street, Alphabet City, Manhattan on September 29, 2022.