Rick Gropper
(Richard Gropper, Richard M. Gropper)
Founding Principal
Camber Property Group
Developer, Owner
116 E 27th St 11th floor New York, NY 10016
Camber Property Group NYC portfolio
$2.4 billion -elevator 38%, condo 25%, industrial 18%; Brooklyn 48%, Bronx 32%, Manhattan 13%*
89th largest portfolio by dollar value
9,876,498 sqft – elevator 70%, condo 14%, D3 10%; Bronx 73%, Brooklyn 22%, Manhattan 3%
37th largest by SF
81 properties – Bronx 60%, Brooklyn 19%, Manhattan 14%
95th largest
9,707 residential units – Bronx 70%, Brooklyn 24%, Manhattan 3%
15th largest by residential units
Other Links:
Person Activity past 24 months:
Buyer signatory: 3 for $168.9 million
Seller signatory: 1 for $79.8 million
Borrower signatory: 12 for $1.5 billion
Developer (new building or major alteration): 126 for 1,052,091 square feet
Top Ten Associated Companies:
NYC Housing Development Corporation (7), Merchants Bank of Indiana (7), Citibank (6), Omni New York (5), Steven Vegh (3), Mordechai Kosolowitz (3), L+M Development Partners (3), Greystone & Co. (3), Merchants Capital (3), NYS Housing Finance Agency (2)
Top Ten Associated People:
Eugene Schneur (5), Steven Vegh (3), Mordechai Kosolowitz (3), Ron Moelis (3), Russell Hubley (2), Bianca Geary (2), Michael Bellovin (2), Sanford Loewentheil (1), Claire Sathe (1), Ommeed Sathe (1)
Recent activity as signatory:
• Camber Property Group and Osborne Association borrowed $138.4 million from NYS Housing Finance Agency for 118 11 Avenue on June 30, 2026.
• Rick Gropper filed plans for major alteration for 107,096 sqft in Edenwald, Bronx, on June 25, 2026.
• Camber Property Group sold 219 Linden Boulevard for $79.8 million to Piller Capital Management on February 20, 2026.
• Camber Property Group and Settlement Housing Fund borrowed $17.2 million from Merchants Bank of Indiana for 1339 Morrison Avenue on December 22, 2025.
• Camber Property Group borrowed $48.5 million from Ladder Capital for 721 Starr Street on November 19, 2025.
• Camber Property Group and Bowery Residents’ Committee borrowed $12.3 million from Citibank for 18-26 Redfern Avenue, Far Rockaway, Queens on November 14, 2025.
• Rick Gropper filed plans for new building for 121,285 sqft in Borough Park, Brooklyn, on September 02, 2025.
• Jay Group and Jacob Aini sold 2886 Atlantic Avenue for $69 million to Camber Property Group and Institute for Community Living on May 20, 2025.
• Camber Property Group and Institute for Community Living borrowed $94.3 million from UMB Bank and Citibank for 2886 Atlantic Avenue on May 20, 2025.
• Maguire Capital Group sold 1069 43 Street for $12.2 million to Camber Property Group on March 28, 2025.
Latest Stories:
• Piller Capital pays $79.8M to Camber for eight properties in Brooklyn (March 04, 2026)
• Camber pays $12.2M to Maguire Capital for dev site in Borough Park (April 04, 2025)
• Camber acquires 1,758 units in East New York from DeMatteis for reported $845M (January 27, 2025)
• Camber Property signs $58.4M construction loan for rentals in Soundview (January 08, 2024)
• Camber Property signs $44.5M construction loan for developments in Soundview (January 02, 2024)