Glenwood Management Secures $170 Million Loan From PGIM For 300 East 56th Street Transaction

Glenwood Management, through 56th Realty LLC, secured a $170 million loan from PGIM Real Estate for the 369-unit elevator residential building located at 300 East 56th Street in Sutton Place, Manhattan. The deal closed on April 30, 2026, and was recorded on May 6, replacing prior debt held by MetLife.

Summary of transaction details:

• Deal Type: Loan
• Transaction Amount: $170,000,000
• Lender: PGIM
• Landlord: Gary Jacob - Glenwood Management
• Asset Type: MultiFamily
• Address: 300 East 56th Street, Sutton Place, Manhattan

Glenwood Management is a prominent real estate firm focused on the ownership and management of high-quality residential properties. Founded by Gary Jacob, the company has established a significant presence in the Manhattan real estate market, known for its extensive portfolio and commitment to creating well-managed living spaces.