Press Release
December 5, 2018

Rockwood Capital Secures $161 Million Loan in Joint Venture with Midtown Equities for One Broadway Property


The Real Estate Industry team represented Rockwood Capital, in a joint venture with Midtown Equities, as borrower in its financing of One Broadway in New York City. The loan, $161 million, comes from Square Mile Capital Management and will be used for acquisition and repositioning of the landmarked Financial District office building.  The loan consists of both mortgage debt and mezzanine debt.  Simultaneous with the loan closing, Rockwood and Midtown purchased the 12-story office building that was originally constructed in 1884 for approximately $140 million.

Rockwood Capital, LLC (Rockwood) is a real estate investment management firm founded in 1995 that provides equity capital combined with real estate operating expertise for the repositioning, recapitalization, development and redevelopment of residential, office, research and development, retail and hotel space in key markets throughout the United States.  Rockwood and its principals have invested on behalf of their clients approximately $28.4 billion of real estate through ten value-add vehicles and ten separate accounts.  Today, Rockwood is a 76 person organization with offices in New York, NY, San Francisco, CA, and Los Angeles, CA that manages a portfolio of approximately $3.4 billion of net equity value in approximately $6.8 billion of gross real estate value as of June 30, 2018.  Rockwood’s investors include public and private pension funds, endowments, foundations, insurance companies, fund of funds, high net worth individuals and family offices.

The Goodwin team was led by partner Diana Brummer.