Select Past Investments

Upper East Side, NYC

 

Business Plan: Ground up development of a 20-story residential and retail tower in Manhattan's Upper East Side. Sold to developer

Investment Type:  GP Equity

Deal Capitalization:  $65,500,000

Land Acquisition: $12,ooo,ooo

Market: Upper East Side, NYC

Property Type: High-end residential condominiums 

Size: +/- 64,560SF

Sunnyvale, CA

Business Plan: Purchase of a tech center with near term, below market rolling leases

Investment Type: Common/Preferred Equity

Deal Capitalization: $ 9,630,000

Market: Silicone Valley

Property Type: Class B Office/R&D

Size: 40,000 Square Feet

Palo Alto, CA

 

Business Plan: Purchase of vacant  tech center, renovate and tenant.

Investment Type:  Common Equity with GP Controls

Deal Capitalization:  $7,325,000

 

Market: Silicon Valley

Property Type: Class B Office/R&D

Size: 22,300 SF

Harlem, NYC

Business Plan: Renovate/retrofit industrial building.  Change use and lease as flex/office to a municipal tenant

Investment Type: GP Equity

Deal Capitalization:  $6,900,000

Market: Harlem, NYC

Property Type: Industrial/Office

Size: 100,000 SF

Seaport, NYC

Business Plan: Retrofit existing rental building and convert to condominium

Investment Type:  Preferred Equity

Market: Downtown, NYC

Property Type: Multifamily

Size: 41,000 SF/27 Units

Broadway, NYC

Business Plan: Purchase discounted note.  Foreclose on asset or force repayment

Investment Type:  Discounted Note Purchase

Deal Capitalization:  $2,500,000

Market: Midtown South, NYC

Property Type: Class B Office

Size: 23,950 SF

Workhouse, Midtown, NYC

Business Plan: Implementing WorkHouse co-working model in existing flex/office building with substantial vacancy

Investment Type:  GP Equity

Deal Capitalization:  $3,050,000

Market: Midtown, NYC

Property Type: Class B Office

Tampa, FL

Business Plan: Convert fractured Condo back to rental

Investment Type:  GP Equity

Deal Capitalization:  $20,800,000

Market: Suburban Tampa

Property Type: Garden Style Condo

Occupancy: 95%

Size: 250 unit

Dallas, TX

Business Plan: Acquisition of office complex, re-tenant building and stabilize asset

Investment Type:  Preferred Equity

Deal Capitalization:  $12,895,000

Market: Suburban Dallas

Property Type: Class A Suburban Office

Size: 255,619 SF

Note: The above selected transactions were executed by partnerships Mr. Derfner was a member of  prior to joining Crescent Sky Real Estate Partners