Richard Herman
(Rick Herman)
Vice President
Prana Investments
(Prana Growth Fund, Prana Real Estate Equity Funds)
Owner
500 Washington Street, Suite 400 San Francisco, CA 94111
1995 Broadway 10th Floor New York, NY 10023
75 Broadway, Suite 203, San Francisco, California 94111
Prana Investments NYC portfolio
$543.4 million -walkup 62%, elevator 37%; Bronx 67%, Manhattan 32%*
477th largest portfolio by dollar value
3,345,938 sqft – walkup 60%, elevator 38%; Bronx 76%, Manhattan 23%
152th largest by SF
104 properties – Bronx 74%, Manhattan 25%
82th largest
3,692 residential units – Bronx 74%, Manhattan 25%
98th largest by residential units
63 foreclosures, 0 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Seller signatory: 1 for $13 million
Borrower signatory: 23 for $177.1 million
Top Ten Associated Companies:
Community Preservation Corporation (20), Related Companies (11), ConnectOne Bank (4), Peapack-Gladstone Bank (3), John T. Satriale (2), Dime Community Bank (2), Signature Bank (2), Amy Hui (1), JPMorgan Chase (1), BlackRock (1)
Top Ten Associated People:
Robert Riggs (20), Stephen Toth (3), John T. Satriale (2), Michael Mirotznik (1), Debra Mistretta (1), Robert P. Candee (1), Richard Cohen (1), Barry Aronowsky (1), Jonathan N. Wiener (1), Anthony T. Simari (1)
Recent activity as signatory:
• Prana Investments borrowed $3.1 million from Community Preservation Corporation and Related Companies for 1466 Beach Avenue on June 26, 2026.
• Prana Investments borrowed $2.6 million from Community Preservation Corporation and Related Companies for 2109 Gleason Avenue on June 26, 2026.
• Prana Investments borrowed $3.5 million from Community Preservation Corporation and Related Companies for 667 Crescent Avenue on June 26, 2026.
• Prana Investments borrowed $5.6 million from Community Preservation Corporation and Related Companies for 715 East 231 Street on June 26, 2026.
• Prana Investments borrowed $5.8 million from Community Preservation Corporation and Related Companies for 1130 Evergreen Avenue on June 26, 2026.
• Prana Investments borrowed $11 million from Community Preservation Corporation and Related Companies for 1582 Thieriot Avenue on June 26, 2026.
• Prana Investments borrowed $5.3 million from Community Preservation Corporation and Related Companies for 3050 Perry Avenue on June 26, 2026.
• Prana Investments borrowed $6.7 million from Community Preservation Corporation and Related Companies for 101 Thayer Street on June 26, 2026.
• Prana Investments borrowed $7.7 million from Community Preservation Corporation and Related Companies for 1818 Archer Street on June 26, 2026.
• Prana Investments borrowed $11.9 million from Community Preservation Corporation and Related Companies for 45 Sickles Street on June 26, 2026.
Latest Stories:
• ConnectOne files 7 pre-foreclosures totaling $37.4M at Prana Bronx rentals (June 01, 2026)
• NJ-tied group pays $13M to Prana Investments for retail, office in Upper West Side (July 25, 2025)
• Abro Management pays $3.7M to Prana Investments for retail in Inwood (October 06, 2022)
• Prana pays $7.8M for 55-unit elevator building in Washington Heights (April 01, 2022)
• Denali pays $11.5M to Prana for 73-unit elevator building in Morris Heights (February 08, 2022)
• Prana Investments pays $3.2M for 20-unit rental in Harlem (November 23, 2021)