Daniel Bass

(Daniel N. Bass)

Cfo

Fortress Investment Group

(Fortress Credit Co.)

Owner

1345 Avenue of the Americas New York, NY 10105

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Fortress Investment Group NYC portfolio

$850.7 million* – elevator 80%, condo 19%; Manhattan 100%

207th largest portfolio by dollar value

672,532 sqft – elevator 87%, condo 12%;

501th largest by SF

4 properties – Manhattan 100%

1725th largest

594 residential units – Manhattan 100%

398th largest by residential units

1 foreclosure, 0 bankruptcies, 7 other court cases.

Top Ten Associated Companies:

Guan Yu Li (1), Somerset Partners (1)

Top Ten Associated People:

Guan Yu Li (1), Keith Rubenstein (1)

Recent activity as signatory:

JJ Operating borrowed $39 million from Starwood Mortgage Capital for 146 Concord Street, Downtown Brooklyn, Brooklyn on October 13, 2023.

Guan Yu Li borrowed $19.9 million from 360 Capital Funding for 1222 63rd Street, Dyker Heights, Brooklyn on September 16, 2022.

Somerset Partners borrowed $110 million from Fortress Investment Group for 300 East 42nd Street, Murray Hill, Manhattan on December 07, 2021.

Latest Stories:

• David Werner pays $52M to Meadow, Somerset in short sale in Murray Hill, flip now expected (May 07, 2025)

• Jemal family’s JJ Operating signs $39M loan with Starwood for office in Downtown Brooklyn (October 24, 2023)

• Guan Yu Li signs $19.9M construction loan with 360 Capital Funding in Dyker Heights (September 28, 2022)

• Meadow, Somerset sign $110M refi with Fortress Investment for office building in Murray Hill (December 30, 2021)

• Guan Yu Li pays $8.1M to John Silviano for property in Borough Park (February 24, 2021)

• Somerset, Meadow borrow $106M from insurance company Athene Holdings for office property in Murray Hill (February 25, 2020)

• Somerset Partners and Meadow Partners pays $123M to ULM Holding for Midtown office building (September 11, 2019)

• Somerset Partners and Meadow Partners obtained financing of $100M from Brookfield (September 11, 2019)

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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