Richard Mack
Ceo And Founder
Mack Real Estate Group
(Mack Real Estate Credit Strategies)
Owner
60 Columbus Circle, 20th Floor New York, New York, 10023
Mack Real Estate Group NYC portfolio
$1.2 billion -hotel 27%, condo 21%, retail 18%; Manhattan 65%, Brooklyn 31%, Queens 3%*
195th largest portfolio by dollar value
2,135,539 sqft – condo 25%, hotel 19%, walkup 18%; Manhattan 46%, Brooklyn 37%, Queens 15%
229th largest by SF
49 properties – Manhattan 72%, Brooklyn 16%, Queens 11%
181th largest
1,457 residential units – Brooklyn 51%, Manhattan 48%
230th largest by residential units
223 foreclosures, 0 bankruptcies, 374 other court cases.
Notes
“William Mack co-founds Apollo Real Estate Advisers, later named AREA Property Partners”
Person Activity past 24 months:
Borrower signatory: 2 for $247.5 million
Top Ten Associated Companies:
JPMorgan Chase (1), Apollo Global Management (1)
Top Ten Associated People:
Daniel Polacek (1), Jeffrey Horowitz (1)
Recent activity as signatory:
• Mack Real Estate Group borrowed $158.5 million from Apollo Global Management for 21 India Street, 23 India Street, 21 India Street, 21 India Street, 23 India Street, and others, Greenpoint, Brooklyn on August 29, 2024.
• Mack Real Estate Group borrowed $89 million from JPMorgan Chase for 65 North 4 Street on July 29, 2024.
Latest Stories:
• Blackstone files $24M pre-foreclosure at Mack office condo in Time Warner (November 25, 2024)
• Mack signs $158.5M refi with Apollo for 368-unit rental in Greenpoint (September 20, 2024)
• Mack Real Estate signs $89M refi for 232-unit rental in Williamsburg (August 06, 2024)
• Related Companies obtained financing of $175M from HSBC Bank USA (July 23, 2019)
