Raul Russi
President
Acacia Network
(Promesa Foundation, Puerto Rican Organization to Motivate Enlighten and Serve Addicts)
915 Westchester Avenue, Bronx, NY 10459
311 East 175th Street Bronx, NY 10457
Acacia Network NYC portfolio
$157.7 million -specialty 30%, development 30%, hotel 15%; Queens 54%, Bronx 45%*
1124th largest portfolio by dollar value
273,423 sqft – walkup 45%, specialty 20%, elevator 18%; Bronx 82%, Queens 17%
1269th largest by SF
14 properties – Bronx 85%, Queens 14%
735th largest
194 residential units – Bronx 100%
1164th largest by residential units
Person Activity past 24 months:
Borrower signatory: 2 for $62.4 million
Top Ten Associated Companies:
NYS Dormitory Authority (2), Webster Bank (1), Investors Bank (1), Neighborhood Restore HDFC (1)
Top Ten Associated People:
Kerry Labotz (1), Trishia Allen (1), Trishia P. Allen (1), Salvatore D’Avola (1)
Recent activity as signatory:
• Acacia Network borrowed $34.6 million from NYS Dormitory Authority for 171-87 119 Avenue on April 15, 2026.
• Acacia Network borrowed $27.8 million from Webster Bank for None on April 09, 2026.
• Neighborhood Restore HDFC sold 748 Beck Street for $3.2 million to Promesa Foundation on May 25, 2022.
• Acacia Network borrowed $18 million from NYS Dormitory Authority for 773 Prospect Avenue on February 17, 2022.
• Acacia Network borrowed $5.5 million from Investors Bank for 851 East 164 Street on August 27, 2021.