Meatpacking District Mixed-Use Redevelopment (Pref Equity)
Status
Closed The redevelopment of two historic buildings into a single 76,909 RSF Class A mixed-use asset with boutique office building and high-end retail.
Location
New York, NY
Investment Strategy
Opportunistic
Property Type
Mixed Use
Open To
Accredited Investors
Closed Date
Jun 2021
Investment Strategies
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Sponsor Details
Other Offerings by Tavros Capital & Charney Companies
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Common Equity
$65,600,000
30.1%
Preferred Equity
$21,951,749
10.1%
Mezzanine Debt
$65,101,421
29.9%
Senior Debt
$65,300,000
30.0%
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Total
$217,953,168
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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