Engagements of Note
Underwrote 40 CMBS Loans
R & A underwrote 40 CMBS loans with asset types including office, multifamily, retail and hospitality for clients such as Ladder Capital, Rialto Capital and previously bridge loans for UBS.
Vision Enterprises Portfolio of 28 Properties
The properties located in New York City and Long Island consisted of office, retail and multifamily spaces. R & A performed due diligence and appraisal work for the client as well as partial interest analyses.
Bathgate Industrial Park Leasehold Interest for New York City Economic Development Corporation
R & A valued the leasehold interest of Port Authority of New York of the Bathgate Industrial Park, comprised of seven large industrial buildings.
Boraie Development and NJHMFA Affordable Housing
The firm appraised more than twenty affordable housing projects across New Jersey for the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and appraised a mixed-income, mixed-use proposed development in Atlantic City for Boraie Development.
Cordillera Concerted Care Group Business and Real Estate Valuation
R & A performed a business and real estate valuation for Concerted Care Group for the acquisition of an existing hotel and spa located just outside of Vail, Colorado for an adaptive re-use as a healthcare and addiction rehab facility.
Mark to Market Valuation of Portfolio of Nine Properties for Thor Equities, One of New York’s Largest Real Estate Investment Groups
R & A performed the valuation of a portfolio of nine properties ranging from $3.8 million to $378 million, totaling $1.1 billion. This was done to determine the increased value of the properties and used as a basis for future investment projects.
High Line Tenth Ave Spur Valuation
R & A valued a vacant lot adjacent to the High Line Park for the New York City Economic Development Corporation as part of an ongoing project to determine value added by new and innovative projects such as the High Line Park.
Homeport Phase II
As part of the New York City Economic Development Corporation’s plan to revive Downtown Staten Island, the NYCEDC is encouraging developers to purchase land for the ground-up development of a 606 unit mixed-use apartment complex. R & A determined a land value, as well as provided support by performing land residual analyses under various development scenarios.
New York City Housing Authority Infill Portfolio
On behalf of NYCHA, R& A determined the appropriate ground lease rates for 14 city owned housing sites. In a strategic plan to raise funds to bridge the gap between the funds requirement for tenant needs and the government allocated funding, NYCHA plans to ground lease desirable sites for market rate development in its housing projects.
F & A Advised a City agency involved in the negotiation of an easement for a sewer pipeline. This appraisal involved the valuation of several technical easement issues including permanent right-of-way, temporary right-of-way, and revocable consent. R & A was able to successfully establish several pricing guidelines for the purposes of the easement transactions, which involved several parcels and “taking areas”.
Stuyvesant Town & Peter Cooper Village Litigation Support
Rosin & Associates was engaged in the largest real estate Bankruptcy in U.S. History. R & A valued collateral comprised of ±11,300 apartments in Stuyvesant Town and Peter Cooper Village in support of litigation related to the mortgage foreclosure. Pershing Square Capital had acquired the $300 million senior portion of the Mezzanine Debt and was attempting to gain control of the first mortgage serviced by CW Capital.