Justin Adelipour

Partner

Capstone Equities

Owner

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Capstone Equities NYC portfolio

$284.7 million* – hotel 76%, office 23%; Manhattan 76%, Brooklyn 23%

594th largest portfolio by dollar value

792,058 sqft – hotel 51%, office 48%;

431th largest by SF

6 properties – Manhattan 83%, Brooklyn 16%

1242th largest

0 foreclosures, 0 bankruptcies, 2 other court cases.

Person Activity past 24 months:

Buyer signatory: 2 for $107 million

Seller signatory: 2 for $107 million

Borrower signatory: 3 for $95.8 million

Lender signatory: 1 for $0

Top Ten Associated Companies:

Capstone Equities (2), Ellington Management Group (1), Maxim Capital Group (1), Nightingale Properties (1), Corigin Real Estate Group (1), Argentic Investment Management (1), Meadow Partners (1)

Top Ten Associated People:

Justin Adelipour (2), Ryan Connolly (1), Eric Chan (1), Elchonon Schwartz (1), Greg Gleason (1), Timothy Yantz (1)

Recent activity as signatory:

• Capstone Equities borrowed $30 million from Ellington Management Group for 6 West 32nd Street, Penn Plaza, Manhattan on March 26, 2025.

• Capstone Equities sold 6 West 32nd Street, Penn Plaza, Manhattan for $32 million to Capstone Equities on March 26, 2025.

• Capstone Equities borrowed $49.5 million from Argentic Investment Management for 14 53rd Street, Sunset Park, Brooklyn on September 07, 2023.

• Nightingale Properties sold 14 53rd Street, Sunset Park, Brooklyn for $75 million to Capstone Equities on September 07, 2023.

• Capstone Equities and Republic Investment Company borrowed $16.2 million from Maxim Capital Group for 118 East 40th Street, Grand Central, Manhattan on July 21, 2023.

• Nightingale Properties borrowed $0 from Capstone Equities for 14 53rd Street, Sunset Park, Brooklyn on May 26, 2023.

• Meadow Partners sold 118 East 40th Street, Grand Central, Manhattan for $15.6 million to Republic Investment Company on May 06, 2022.

• Corigin Real Estate Group sold 20 East End Avenue, Yorkville, Manhattan for $10.8 million to Justin Adelipour and Setareh Adelipour on March 23, 2022.