Kevin Pivnick

Managing Director

Blackstone Group

(Blackstone Mortgage Trust)

345 Park Avenue New York, NY 10154

Blackstone Group NYC portfolio

$11 billion* – elevator 48%, condo 16%, office 15%; Manhattan 76%, Queens 18%, Brooklyn 4%

9th largest portfolio by dollar value

21,279,471 sqft – elevator 71%, condo 11%, office 11%;

7th largest by SF

52 properties – Manhattan 56%, Queens 19%, Brooklyn 12%

160th largest

15,063 residential units – Manhattan 90%, Queens 8%

7th largest by residential units

91 foreclosures, 1 bankruptcy, 13 other court cases.

Person Activity past 24 months:

Lender signatory: 1 for $113.5 million

Top Ten Associated Companies:

GTJ REIT (1), Cape Advisors (1)

Top Ten Associated People:

Paul Cooper (1), Craig Wood (1)

Recent activity as signatory:

• Bruce Ratner Family borrowed $10.1 million from Cathay Bank for 224 Wythe Avenue, Williamsburg, Brooklyn on May 01, 2025.

• GTJ REIT borrowed $113.5 million from Blackstone Group for 23-25 87th Street, 88-08 23rd Avenue, 612 Wortman Avenue, 1070 Logan Street, N/A Cozine Avenue, and others, Jackson Heights, Queens on March 15, 2024.

• Cape Advisors borrowed $212 million from AIG and Blackstone Group for 11-28 31st Avenue, 11-12 31st Avenue, and 11-37 31st Avenue, Astoria, Queens on December 14, 2022.