Niral Shah

Managing Director And Head Of Servicing Operations

Rialto Management Group

(Rialto Management Group, Rialto Capital, Rialto Capital Advisors, Rialto Real Estate Fund)

Owner

200 South Biscayne Blvd, Suite 3550, Miami, FL 33131

767 5th Ave #21a New York, NY 10153

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Rialto Management Group NYC portfolio

$116.7 million -hotel 34%, office 17%, mixed-use 17%; Manhattan 82%, Bronx 17%*

1482th largest portfolio by dollar value

187,623 sqft – mixed-use 40%, hotel 35%, office 10%; Manhattan 59%, Bronx 40%

1727th largest by SF

8 properties – Manhattan 66%, Bronx 33%

1409th largest

19 residential units – Manhattan 100%

4009th largest by residential units

107 foreclosures, 2 bankruptcies, 104 other court cases.

Top Ten Associated Companies:

Sentry Realty (1), Thor Equities (1), Delshah Capital (1)

Top Ten Associated People:

Ouni Mamrout (1), Roberta Ashkin (1), Michael K. Shah (1)

Recent activity as signatory:

• Bellino Equities borrowed $16.5 million from AuguStar Life Insurance Company for 95-40 Tuckerton Street on September 12, 2025.

• Premier Equities and Thor Equities borrowed $10 million from Citibank for 149 Wooster Street and 149 Wooster Street, SoHo, Manhattan on May 27, 2025.

• Muss Development borrowed $5.1 million from Symetra Life Insurance Company for 132A East 65th Street, Lenox Hill, Manhattan on May 19, 2025.

• Sentry Realty borrowed $23.5 million from Series 2017-CD4 for 266 West 36 Street on December 19, 2022.

• Delshah Capital sold 597 Broadway, SoHo, Manhattan for $5.2 million to Rialto Capital Management on November 21, 2022.

• Thor Equities sold 115 Mercer Street and 115 Mercer Street, SoHo, Manhattan for $18.4 million to Rialto Capital on October 26, 2022.

• Meadow Partners borrowed $155 million from Deutsche Pfandbriefbank for 117 Barrow Street on June 28, 2022.

• Joginder Sharma borrowed $12.5 million from Emerald Creek Capital for 767 8 Avenue on June 21, 2022.

Latest Stories:

• Bellino Equities signs $16.5M refi with AuguStar for 10 properties in Jamaica (October 08, 2025)

• Rialto files $23.5M pre-foreclosure at Garment District office building owned by Mamrouts’ Sentry Realty (September 18, 2025)

• Lion Cub Development, Highstone Capital pay $2.4M for SoHo retail following foreclosure (February 11, 2025)

• Joginder Sharma signs $12M refi loan with State Bank of Texas for three properties in NYC (August 13, 2024)

• Rialto Capital affiliate acquires foreclosed Thor Equities retail in SoHo priced at $18.4M (April 11, 2023)

• Ouni Mamrout, Meyer Equities pay $33M Albert Monasebian, Nader Hakakian for office in Garment District (January 05, 2023)

• Rialto Capital acquires $5.2M retail condo from Delshah Capital in SoHo (December 05, 2022)

• Thor loses Soho retail with $49M debts in foreclosure sale (December 05, 2022)

• Meadow Partners pays $288.2M to RFR Holding for office building in West Village (July 13, 2022)

• Judge orders foreclosure sale for Thor’s 115 Mercer condos in Soho, $49M in debt (October 12, 2021)