Tuxedo Park, NY
Purchased a non performing note from a bank and negotiated a deed in lieu of foreclosure with the borrower on a 30,000 square foot vacant retail/office shopping center. With a co-investor, LRE Management is completing construction and lease up for the center.
LRE Management provided JV Sponsor Equity to a large national multifamily developer/operator for the purchase of a 318 Unit Class A property. A large national insurance company provided the LP equity for the transaction.
Purchased a distressed Multifamily property that was in pre-foreclosure stage, working with both the bank and the borrower to negotiate the transaction. The property was in need of major upgrades and repair, including unit renovations. The property is now 100% occupied.
Purchased a 30,000 square foot multi tenant office/industrial property. LRE Management has increased NOI significantly since ownership.
LRE Management participated in a LP equity investment for the purchase of a 390 Unit Class B/C Multifamily property. The sponsor has completed significant renovations to both the property and the units.