Spencer Orkus
L+M Development Partners
(L&M Development Partners)
1865 Palmer Avenue, Floor 2 Larchmont, NY 10538
2 Park Avenue, Floor 23 New York, NY 10016
L+M Development Partners NYC portfolio
$7.5 billion -elevator 53%, condo 14%, development 13%; Manhattan 46%, Brooklyn 26%, Bronx 12%*
20th largest portfolio by dollar value
23,294,865 sqft – elevator 72%, walkup 12%, condo 11%; Manhattan 40%, Brooklyn 37%, Bronx 13%
11th largest by SF
267 properties – Manhattan 51%, Brooklyn 36%, Bronx 9%
10th largest
24,743 residential units – Manhattan 43%, Brooklyn 36%, Bronx 9%
5th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Buyer signatory: 2 for $29.9 million
Seller signatory: 1 for $17.8 million
Borrower signatory: 1 for $106.6 million
Developer (new building or major alteration): 51 for 408,340 square feet
Top Ten Associated Companies:
NYS Housing Finance Agency (3), NYC Housing Development Corporation (3), New York City Housing Authority (2), Citibank (1), UMB Bank (1), New York City Regional Center affiliate (1), New York State Urban Development Corporation (1), NYC Department of Housing Preservation and Development (1), (1), RiseBoro Community Partnership (1)
Top Ten Associated People:
Julie M. Behrens (1), Jonathan Gouveia (1), April Moreland (1), Heather Cottle (1), Patrick Love (1), Lauren Connors (1), Holly Leicht (1), Spencer Orkus (1), Emily Kurtz (1)
Recent activity as signatory:
• New York City Housing Authority ground leased Campos plaza ii houses valued at $12.1 million to L+M Development Partners and Settlement Housing Fund on February 05, 2026.
• L+M Development Partners and Settlement Housing Fund borrowed $106.6 million from Citibank and New York City Housing Authority for Campos plaza ii houses on February 05, 2026.
• Services for the Underserved and L+M Development Partners sold Schroeders avenue for $17.8 million to RiseBoro Community Partnership and L+M Development Partners on December 20, 2024.
• Spencer Orkus filed plans for new building for 356,813 sqft in Concourse, Bronx, on May 17, 2024.
• L+M Development Partners borrowed $106.6 million from NYS Housing Finance Agency and NYC Department of Housing Preservation and Development for 371 Bristol Street on March 27, 2024.
• L+M Development Partners borrowed $57.6 million from NYS Housing Finance Agency for 315 Chester Street on December 13, 2023.
• Spencer Orkus filed plans for new building for 380,472 sqft in East New York, Brooklyn, on October 18, 2023.
• Spencer Orkus filed plans for new building for 182,840 sqft in East New York, Brooklyn, on October 18, 2023.
• L+M Development Partners borrowed $85.5 million from NYC Housing Development Corporation for 331 Beach 35 Street on December 23, 2022.
• L+M Development Partners borrowed $39.6 million from UMB Bank for 1912 Mermaid Avenue, Coney Island, Brooklyn on May 13, 2022.