Katherine Furman
(Katherine D. Furman, Katherine Furman Pasik)
Senior Managing Director
Island Capital Group
(C-III Capital Partners, Island Capital)
Lender
717 Fifth Avenue New York, NY 10022
Island Capital Group NYC portfolio
$898.6 million -hotel 58%, elevator 38%, walkup 2%; Manhattan 100%*
261th largest portfolio by dollar value
2,135,187 sqft – hotel 69%, elevator 29%; Manhattan 100%
231th largest by SF
14 properties – Manhattan 100%
722th largest
741 residential units – Manhattan 100%
438th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 1 for $51.8 million
Borrower signatory: 2 for $194.5 million
Top Ten Associated Companies:
HPS Investment Partners (1), DiamondRock Hospitality Company (1), Host Hotels & Resorts (1), Canoe Brook Development (1), McKettrick-Williams, Inc. (1), Hudson Bay Capital Management (1), Emigrant Bank (1)
Top Ten Associated People:
William J. Tennis (1), Marshall B. Tycher (1), Alexander R. Berger (1), Eric Roseman (1)
Recent activity as signatory:
• Canoe Brook Development and McKettrick-Williams, Inc. ground leased 41 West 21 Street valued at $51.8 million to Island Capital Group on June 04, 2024.
• Island Capital Group borrowed $39.5 million from Emigrant Bank for 41 West 21 Street on June 04, 2024.
• Island Capital Group borrowed $155 million from Hudson Bay Capital Management for 142 East 48 Street on April 29, 2024.
• MCR Development and Island Capital Group borrowed $250 million from Host Hotels & Resorts for 819 7 Avenue on April 19, 2022.
• C-III Capital Partners borrowed $125 million from HPS Investment Partners for 142 East 48 Street on June 30, 2021.
• DiamondRock Hospitality Company sold 142 East 48 Street for $173.5 million to C-III Capital Partners on June 30, 2021.