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The City of New York

Waterway Capital Announces the transaction closing for the City of New York

Waterway Capital, LLC acted as the placement agent for the debt financing of an approximately 278,167 square foot condominium unit of office space leased to the City of New York. The Property is part of a to-be-built six-story, 366,379 square foot mixed-use building in the Borough of Brooklyn, New York. The Property will be used as an office for the Human Resources Administration of New York City.

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Except for in certain acquisitions, Waterway Capital did not represent, was not engaged by or endorsed by the Tenant noted. Waterway Capital was engaged by and represented a special purpose entity used in each transaction.