Silverstein, Criterion, Apollo offer to buy All Year bonds

Additional firms have submitted offers to buy bonds secured by All Year Management assets in Brooklyn. The offers are complex and several have multiple options. The offers are included as links below.

Silverstein Properties is making an offer to buy the bonds secured by the Denizen I, at 54 Noll Street in Bushwick. The offer is composed of a cash payment of $170 million and new issuance of bonds valued at $30 million. Silverstein

RAK Group, Real Hospitality Group and Apollo Global Management are making an offer to buy the bonds that are secured by the William Vale Hotel. Apollo

Criterion Real Estate Capital and Downtown Capital Partners are making an offer to buy the bonds that are secured by the William Vale Hotel. Criterion

Dabby Investments is making an offer for bonds secured by the Denizen properties, including 54 Noll Street in Bushwick. The firm expects the value of the Denizen properties to rise. “The building value and the new structure can easily get back to north of $300 [million] after markets are back to normal.” Dabby

On Tuesday, PincusCo reported that Madison Capital and Meadow Partners were offering to buy All Year bonds.