DIA Capital Group Represents JV Equity Raise For Condo Conversion At 139 Franklin Street In Tribeca

The property involved in this transaction is a condo conversion located at 139 Franklin Street in the Tribeca market of Manhattan. The total capitalization for this project is $100,000,000.

Summary of transaction details:

• Property Type: Condo Conversion
• Transaction Amount: $100,000,000
• Address: 139 Franklin Street
• Market: Tribeca, Manhattan
• Operating Partner: Ray Chalme, Daniel Blanco, David Israni, Matt Sobel & Ben Kahan - Broad Street Development
• JV Equity Partner: Doug Profenius - TPG Angelo Gordon
• Brokers: Anthony Ledesma, Matthew Lerner & Michelle Steer - DIA Capital Group

Key individuals involved in the deal include operating partners Ray Chalme, Daniel Blanco, David Israni, Matt Sobel, and Ben Kahan from Broad Street Development, and JV equity partner Doug Profenius from TPG Angelo Gordon. The transaction was brokered by Anthony Ledesma, Matthew Lerner, and Michelle Steer, representing DIA Capital Group, a boutique real estate advisory firm focused on investment capital formation and emphasizing equity raising and structured credit across various asset classes in the US.