David Sims

Assistant Secretary

Fortress Investment Group

(Fortress Credit Co., Fortress Credit Advisors)

1345 Avenue of the Americas New York, NY 10105

Fortress Investment Group NYC portfolio

$858 million -elevator 80%, condo 19%; Manhattan 100%*

273th largest portfolio by dollar value

672,532 sqft – elevator 87%, condo 12%; Manhattan 100%

672th largest by SF

4 properties – Manhattan 100%

2175th largest

595 residential units – Manhattan 100%

526th largest by residential units

1 foreclosure, 0 bankruptcies, 191 other court cases.

Person Activity past 24 months:

Lender signatory: 1 for $31.8 million

Top Ten Associated Companies:

Heritage Equity Partners (1), Kenneth Chan (1)

Top Ten Associated People:

Jeffrey R. Miller (1), Kenneth Chan (1)

Recent activity as signatory:

Derby Copeland Capital borrowed $18.8 million from Bank of Montreal for 86 Washington Place on November 06, 2025.

Astral Weeks borrowed $23.5 million from Castellan Capital for 8 Franklin Street on October 27, 2025.

Kenneth Chan borrowed $31.8 million from Fortress Investment Group for 42 India Street on October 22, 2025.

Heritage Equity Partners sold None for $25.5 million to Fortress Investment Group on October 02, 2023.

Latest Stories:

• Derby Copeland Capital signs $18.8M refi with BOM for 35-unit rental in Greenwich Village (November 18, 2025)

• Bungalow Projects signs $83.4M construction loan with Farallon to build film studio in East Williamsburg (October 29, 2025)

• Bungalow Projects files plans for 307K sf movie studio in East Williamsburg, paid $49M for site (August 26, 2024)

• Bungalow Projects pays $41.45M to Fortress, Aview for former Heritage sites (January 08, 2024)

• Astral Weeks, Miguel Oks pay $23M for retail with development potential in Greenpoint (November 14, 2023)

• Fortress acquires Heritage’s East Williamsburg dev site valued at $25.5M (October 16, 2023)

• Kenneth Chan signs $29.5M construction loan with CoreVest for 52-unit project in Greenpoint (April 03, 2023)

• Simon Baron Development borrows $23M from Centennial Bank for commercial property in Greenpoint (January 17, 2020)

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