Case Study

655 Fifth Avenue & 100 Broadway

Acquisition Date:October 2010
DISPOSITION DATE: October 2013
ASSET TYPE: 655 Fifth Ave – Salvatore Ferragamo Flagship
100 Broadway – Retail & Office building
SiZE: 100 Broadway - 385,000 SF
655 Fifth – 49,373 SF
Equity:$77.4 million
Realized Equity:$297.3 million
Gross IRR:60.5%
GROSS EQUITY MULTIPLE:3.8x