NEW YORK CITY—JLL Capital markets recently revealed that it arranged $27.7 million in financing to recapitalize a mixed-used residential and retail property portfolio located in prime neighborhoods across Brooklyn. JLL represented the borrower, a joint venture between The Mann Group, LLC, a New York-based residential investment, development and management firm led by Eric Mann, and True North Management, a private real estate investment firm, to secure two separate loans for $20.2 million and $7.5 million from Citigroup.
The first portfolio includes properties at 591, 592, 593, 595, 574 and 602 Manhattan Ave. and 872 Lorimer St. in Greenpoint. Currently 100 percent occupied, it includes 33 residential rental units all upgraded with modern finishes, stainless steel appliances and in-unit washer dryers, and six fully occupied retail units.
The second portfolio consists of two mixed-use free market buildings. 126 Bedford Ave. is a four-story
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
