Sheng Zhang

Xin Development Group International

(Xinyuan Real Estate, Xinyuan USA, Xinyuan Real Estate Co.)

Xin Development Group International NYC portfolio

$645.9 million* – condo 67.0%, D6 18.0%; Brooklyn 59.0%, Manhattan 26.0%

256th largest portfolio by dollar value

436,691 sqft – specialty 36%, D6 32%;

676th largest by SF

47 properties – Brooklyn 82%, Manhattan 12%

199th largest

121 residential units – Manhattan 67%, Brooklyn 32%

1251th largest by residential units

1 foreclosure, 3 bankruptcies, 4 other court cases.

Person Activity past 24 months:

Seller signatory: 1 for $50 million

Borrower signatory: 2 for $65 million

Top Ten Associated Companies:

Avant Capital (2), BH3 Management (1)

Top Ten Associated People:

Adam Luysterborghs (2), Neil Ellner (1)

Recent activity as signatory:

• Xin Development Group International borrowed $32.5 million from Avant Capital for 615 10th Avenue, 631 10th Avenue, 625 10th Avenue, 619 10th Avenue, and 505 West 44th Street, Hell’s Kitchen, Manhattan on December 13, 2024.

• Xin Development Group International sold 500 West 45th Street, 500 West 45th Street, 500 West 45th Street, 500 West 45th Street, 500 West 45th Street, and others, Hell’s Kitchen, Manhattan for $50 million to BH3 Management on October 24, 2024.