Andrew Penson
(Andrew S. Penson)
Owner
Argent Ventures
551 Fifth Avenue, 34th Floor New York, NY 10176
Argent Ventures NYC portfolio
$699.9 million -hotel 76%, specialty 23%; Manhattan 100%*
332th largest portfolio by dollar value
1,529,431 sqft – hotel 84%, specialty 15%; Manhattan 100%
328th largest by SF
3 properties – Manhattan 100%
2659th largest
9 residential units – Manhattan 100%
4897th largest by residential units
0 foreclosures, 1 bankruptcy, 2 other court cases.
Other Links:
Person Activity past 24 months:
Seller signatory: 1 for $53.3 million
Borrower signatory: 3 for $526.3 million
Top Ten Associated Companies:
Riese Organization (1), Monroe Capital (1), Greystone & Co. (1), Theatine Partners (1), H&R REIT (1)
Top Ten Associated People:
Cynthia P. Adams (1), Robert Grimes (1), Michael Loeb (1), Jason Starr (1), Lisa Follweiler (1), Richard Shinder (1)
Recent activity as signatory:
• Gencom, Argent Ventures and Highgate Hotels borrowed $190 million from Monroe Capital for 699 8 Avenue on December 09, 2025.
• Argent Ventures borrowed $124.3 million from Greystone & Co. for 150 Riverside Drive on November 26, 2024.
• Argent Ventures sold 1611 Broadway for $53.3 million to The buyer on July 23, 2024.
• Argent Ventures borrowed $212 million from H&R REIT for 1611 Broadway on April 17, 2024.
• Riese Organization sold 1611 Broadway for $17.2 million to Argent Ventures on December 28, 2022.
• Theatine Partners borrowed $320.5 million from Argent Ventures for 1611 Broadway on May 03, 2022.