David Speiser

Senior Managing Director

General Counsel

Madison Realty Capital

(Silverstone Property Group)

520 Madison Ave Suite 3501New York, NY 10022

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Madison Realty Capital NYC portfolio

$1.4 billion -elevator 58%, walkup 15%, development 8%; Manhattan 55%, Brooklyn 27%, Queens 17%*

153th largest portfolio by dollar value

2,642,128 sqft – elevator 68%, walkup 11%, condo 10%; Queens 42%, Manhattan 30%, Brooklyn 26%

189th largest by SF

62 properties – Manhattan 55%, Brooklyn 32%, Queens 12%

138th largest

2,973 residential units – Manhattan 34%, Brooklyn 34%, Queens 30%

103th largest by residential units

39 foreclosures, 4 bankruptcies, 7 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $70 million

Seller signatory: 5 for $134.8 million

Borrower signatory: 4 for $414.2 million

Lender signatory: 5 for $1.3 billion

Top Ten Associated Companies:

Charney Companies (2), Arthur Gabriel (1), United Construction & Development Group (1), TPG Angelo Gordon (1), Ohana Real Estate Investors (1), RJ Capital Holdings (1), Bo Jin Zhu (1), Joyland Management (1), Avrohom Prager (1), Sunlight Development (1)

Top Ten Associated People:

Arthur Gabriel (1), Jiashu Xu (1), Jordan Kolar (1), Franco Famularo (1), Rudolf Abramov (1), Bo Jin Zhu (1), Joel Wertzberger (1), Avrohom Prager (1), Linzhong Zhuo (1), Joseph D. Glatt (1)

Recent activity as signatory:

• New Empire Corp. borrowed $52.2 million from Madison Realty Capital for 23 Lenox Road on June 18, 2026.

• Madison Realty Capital borrowed $104.8 million from Community Preservation Corporation and Related Companies for 62-60 99 Street on June 11, 2026.

• Madison Realty Capital sold 350 Hicks Street for $33.2 million to Sunlight Development on February 18, 2026.

• Madison Realty Capital sold 155 Broadway for $30 million to Joyland Management on January 21, 2026.

• Joyland Management borrowed $30 million from Levon Capital for 155 Broadway on January 21, 2026.

• RJ Capital Holdings borrowed $90 million from Madison Realty Capital for 113-16 70 Road on December 19, 2025.

• Madison Realty Capital borrowed $179.2 million from TPG Angelo Gordon for 24 Clay Street on November 25, 2025.

• Madison Realty Capital sold 41-80 Main Street for $64.2 million to United Construction & Development Group on November 18, 2025.

• Hawkins Way Capital and Varde Partners borrowed $166.5 million from Goldman Sachs and Wells Fargo for 525 Lexington Avenue, 525 Lexington Avenue, 525 Lexington Avenue, 525 Lexington Avenue, 525 Lexington Avenue, and others, Midtown East, Manhattan on November 14, 2025.

• Madison Realty Capital sold 392 Clinton Avenue for $4.7 million to Arthur Gabriel on October 10, 2025.

• Madison Realty Capital borrowed $25.2 million from Northeast Bank for 2902 Albemarle Road on October 06, 2025.

• Hello Living sold 2902 Albemarle Road for $70 million to Madison Realty Capital on October 06, 2025.

• Madison Realty Capital borrowed $105 million from Deutsche Bank for 16 5 Avenue on August 26, 2025.

• Extended Management borrowed $57 million from Madison Realty Capital for 38 Thompson Street on July 22, 2025.

• Farallon Capital Management, MCB Real Estate and Fetner Properties borrowed $141.5 million from M&T Bank for 240 Willoughby Street on July 08, 2025.

• Madison Realty Capital sold 514 West 24th Street, Chelsea, Manhattan for $2.6 million to Phi 1.618, Inc. on June 30, 2025.

• Cottonwood Group on June 12, 2025 bought a loan with an original principal of $89.8 million from Madison Realty Capital, signed by David Speiser, secured by 262 5 Avenue, when owned by Five Points Development.

• Tavros Capital, Charney Companies and Incoco Capital borrowed $525 million from Madison Realty Capital, Kushner Companies and OneIM for 45-19 23 Street on June 10, 2025.

• SME Capital Ventures borrowed $16 million from Maxim Capital Group for 52 Thompson Street, 52 Thompson Street, 52 Thompson Street, 52 Thompson Street, 52 Thompson Street, and others, SoHo, Manhattan on May 30, 2025.

• Metro Loft Management and David Werner Real Estate Investments borrowed $540 million from Madison Realty Capital for 791 2 Avenue on May 16, 2025.