Gregory Kraut

(Greg Kraut)

KPG Funds

433 Broadway, Floor 4 New York, NY 10013

KPG Funds NYC portfolio

$116.9 million -retail 56%, condo 43%; Manhattan 99%*

1347th largest portfolio by dollar value

92,751 sqft – retail 59%, condo 40%; Manhattan 100%

2470th largest by SF

2 properties – Manhattan 100%

3594th largest

Person Activity past 24 months:

Seller signatory: 1 for $52 million

Top Ten Associated Companies:

Ready Capital (2), Vornado Realty Trust (2), 360 Capital Management (1), Callodine Thorofare (1), Spear Street Capital (1), Sabal Investment Holdings (1), GDS Brightstar (1), Salvation Army (1), Cape Advisors (1), BrightSpire Capital (1)

Top Ten Associated People:

Steven J. Borenstein (2), John Grassi (1), Stephen Drakeford Ayers (1), Adolph M. Orlando (1), Melissa Perez (1), David Kronman (1), David Traitel (1), Edward Prosser (1)

Recent activity as signatory:

KPG Funds sold 448 Broadway for $52 million to Spear Street Capital on September 17, 2024.

KPG Funds borrowed $49.6 million from Sabal Investment Holdings and GDS Brightstar for 478 Broadway on June 15, 2023.

KPG Funds borrowed $9 million from Ready Capital for 102 Chambers Street, Tribeca, Manhattan on May 09, 2023.

KPG Funds borrowed $34.5 million from Thorofare Capital for 136 West 14 Street on August 01, 2022.

KPG Funds borrowed $51 million from Ladder Capital for 448 Broadway on March 07, 2022.

KPG Funds borrowed $15.7 million from Callodine Thorofare for 478 Broadway on January 13, 2022.

Vornado Realty Trust sold 478 Broadway for $17.1 million to KPG Funds and LaSalle Investment Management on January 13, 2022.

Vornado Realty Trust sold 155 Spring Street and 155 Spring Street, SoHo, Manhattan for $67.4 million to KPG Funds and LaSalle Investment Management on January 13, 2022.

KPG Funds borrowed $46.1 million from BrightSpire Capital for 155 Spring Street and 155 Spring Street, SoHo, Manhattan on January 13, 2022.

KPG Funds borrowed $5 million from 360 Capital Management for 136 West 14 Street on July 28, 2021.

Latest Stories:

• Arman Noghreh pays $3.8M to KPG Funds for retail condo in Tribeca (February 13, 2026)

• Lender Thorofare acquires ground lease valued at $27.8M from KPG for high-end office in Greenwich Village (October 14, 2025)

• Spear Street pays $52M to KPG for retail in SoHo, just above $51M 2022 loan (September 26, 2024)

• KPG Funds signs $49.6M refi loan with Sabal, GDS Brightstar for office rehab in Little Italy (June 27, 2023)

• KPG Funds signs $9M refi with Ready Capital for retail in Tribeca (May 17, 2023)

• KPG Funds signs $34.5M rehab construction loan with Thorofare Capital for commercial in Greenwich Village (September 12, 2022)

• KPG Funds signs $51M refi loan with Ladder Capital for retail, office in Soho (April 07, 2022)

• KPG Funds, LaSalle pay $84.5M to Vornado Realty Trust for two properties in SoHo (February 01, 2022)

• KPG Funds signs ground lease valued at $22.1M with Salvation Army for office building in West Village (August 12, 2021)

• Greg Kraut’s KPG Funds pays $12M to Cape Advisors for retail condo in Tribeca (January 21, 2021)

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