2 02 2

Resilience and Growth are apt descriptors for Kushner in 2021. This year, we purchased over 7,000 apartments in the
Southeast and Sunbelt regions. We have also established a presence in Florida, Texas, and Georgia to further our reach for
multifamily acquisitions in those areas. Thanks to these and other strategic actions, Kushner’s national profile continues to
rapidly expand.

Development continues to be a primary focus under the leadership of Michael Sommer, a seasoned professional with more
than 25 years of development and construction experience. More than 7,500 rental apartments are currently under active
development. In the Miami area, we broke ground on a mixed-use office, retail, and residential project in Wynwood, as well
as the first phase of a 1,300-unit development in Edgewater. We anticipate breaking ground in Fort Lauderdale in 2022 on a
four-tower site approved for 1,500 apartments, which we are proud to develop in a joint venture with Aimco. In New Jersey,
we will commence the development of over 3,000 apartments in areas such as Jersey City, Colts Neck, East Hanover, and
Fair Lawn.

Despite industry challenges, we are committed to growing our retail and hospitality portfolios. This year, we acquired a 100
percent interest in Monmouth Mall in Eatontown, New Jersey, a 1.5 million square foot retail center located just two miles
from the Jersey Shore, with the intent of redeveloping it as a mixed-use site. This follows the acquisition of our partner’s
interest in Pier Village in Long Branch, New Jersey, a 500-apartment oceanfront property incorporated with upscale retail and
dining experiences. Furthermore, we celebrated our first full year of operations at Wave Resort, located on the boardwalk
just steps from the ocean. The success of the Wave has initiated our plans to build another complementary hotel next door
with 107 luxury rooms.

As a result of these and other activities in 2021, Kushner’s portfolio is now valued at more than $15 billion. None of this
would have been possible without the creativity, resourcefulness, and pure tenacity of our team. The years 2020 and 2021
pushed all of us into uncharted waters. Throughout it all, every part of the company delivered impressively. On behalf of the
entire management team, we’d like to say “Thank You” for a job well done.

Lastly, we would like to announce that this marks our first jointly issued letter under our new titles. We were elevated to our
current positions in September and are proud to carry the mantle for Kushner. We look forward to working with our team to
continue our company’s legacy of achievement and success.

Sincerely,

Laurent Morali, Chief Executive Officer Nicole Kushner Meyer, President

ACQUISITIONS

40 YEARS $3.6 BILLION 2.2 MILLION SF

DEVELOPMENT PROPERTY MANAGEMENT EXPERIENCE TRANSACTIONS IN 2021 R E TA I L

MANAGEMENT

46,000 UNITS $1.8 BILLION 5.2 MILLION SF

CONSTRUCTION
ACQUIRED SINCE 1980 FINANCING IN 2021 OFFICE

LENDING
$15 BILLION 12.9 MILLION SF 1 MILLION SF
OWNERSHIP IN ASSETS C U R R E N T LY I N D E V E L O P M E N T INDUSTRIAL

H O S P I TA L I T Y

LEASING $570 MILLION 25,000 UNITS 688 HOTEL KEYS

LOANS EXTENDED C U R R E N T LY O W N E D H O S P I TA L I T Y

MARKETING
 2 0 0 0 B I S C AY N E B O U L E V A R D | MIAMI, FLORIDA | 3 9 3 A PA R T M E N T S

2000 Biscayne is first of a three-tower luxury rental megaproject in development, situated

squarely between downtown Miami, Wynwood, the Design District, and the water. With top-
of-the-line homes and amenities designed to the last detail, 2000 Biscayne will set a new
standard in the residential market in Miami. Kushner has staffed operations in Miami

and is actively seeking other development and acquisition opportunities in South Florida.
6 5 B AY S T R E E T | J E R S E Y C I T Y, N E W J E R S E Y | 4 4 7 A PA R T M E N T S | 1 7, 0 0 0 S F R E TA I L

In partnership with KABR Group, Kushner acquired, designed and built this 53-story luxury rental

tower. 65 Bay Street is inspired by the thriving Powerhouse Arts District, and brings a new standard
of luxury to the neighborhood. Unparalleled accommodations, including a penthouse observation
deck overlooking the Manhattan skyline and a curated partnership with Restoration Hardware

to furnish the common spaces, set 65 Bay Street apart from the robust competition in the city.
 L U M E N A PA R T M E N T S | HAMPTON, VIRGINIA | 3 0 0 A PA R T M E N T S

Lumen Apartments features 300 luxury apartments with a full suite of expansive unit and community amenities,
unrivaled by any of the competing properties in the marketplace. Lumen Apartments has been designed to offer

residents the highest caliber of living, positioning the offering as the best core opportunity in Hampton Roads.
PUCK BUILDING | N E W YO R K , N E W YO R K | 175,600 SF OFFICE | 4 2 , 4 0 0 S F R E TA I L

Over three decades ago, Kushner acquired Soho’s historic Puck Building, a Romanesque Revival
mixed-use property. Originally designed by Albert Wagner, Kushner repositioned the first

seven floors into a modern class “A” creative office and retail environment, with penthouse
condominiums on top. Puck is leased to two best-in-class retail tenants, REI and Major Food

Group. Some of the building’s current office tenants include NYU, Cadre, Plaid, and Thrive Capital.
 WAV E R E S O R T | LONG BRANCH, NEW JERSEY | 67 ROOMS

Wave Resort is the Jersey Shore’s premier boutique hotel experience. The Wave offers a spectacular

outdoor pool deck, five restaurants, and a rooftop event space, all located directly on the boardwalk and
beach. This best-in-class hotel satisfies the area’s shortage of luxury lodging options, and elevates the
surrounding Kushner-owned mixed-use community, Pier Village, into an all-inclusive oceanfront destination.
WYND 27 + 28 | MIAMI, FLORIDA | 1 5 2 A PA R T M E N T S | 3 3 , 5 0 0 S F R E TA I L | 46,000 SF OFFICE

In partnership with Block Capital Group, Kushner is developing two parcels in Wynwood,
the thriving arts district of Miami. WYND 27 and 28, currently under construction, will be

developed into a vibrant mixed-use hub of retail, office, and public space, topped by 152
luxury rental units. Retailers include international culinary treasures, such as Navona

Market of Uruguay and Presidente Bar of Argentina, named one of the world’s Top 50 Bars.
 R I V E R H O U S E A PA R T M E N T S | NORFOLK, VIRGINIA | 1 9 4 A PA R T M E N T S

River House Apartments, acquired in September 2021, is a 194-unit Class A multifamily community in

Hampton Roads that is nestled along the banks of the picturesque Lafayette River with prime riverfront
views. Built in 2009, the property features a full suite of highly desirable and modern amenities,
highlighted by the property’s unrivaled unit finishes and floor plans. River House Apartments is a high-

performing core plus asset located in the heart of the region, providing Kushner strong upside potential.
 T H E PA R K AT S A L I S B U R Y | MIDLOTHIAN, VIRGINIA | 3 2 0 A PA R T M E N T S

With a stunning backdrop of the Virginia woodlands, the Park at Salisbury offers one-, two-,

and three-bedroom homes with soaring ceilings and private balconies, and amenities including
a saltwater pool, pavilion with bocce ball court, and a catch-and-release fishing pond. Since
making this acquisition, Kushner has grown its Virginia portfolio to more than 3,000 units.
 MONMOUTH MALL | E AT O N T O W N , N E W J E R S E Y | 1 . 5 M I L L I O N S F R E TA I L

This year, Kushner took full control of Monmouth Mall, buying out our partner Brookfield Properties.
Located at one of the most accessible and visible intersections in Central New Jersey, the Monmouth Mall

is a longstanding and iconic property, poised for reinvention. Our team looks forward to collaborating
with the local municipality and curated retailers to redevelop this site into a true town center.
1 JOURNAL SQUARE | J E R S E Y C I T Y, N E W J E R S E Y | 1 , 7 2 3 A PA R T M E N T S | 4 0 , 0 0 0 S F R E TA I L

In the heart of Jersey City’s burgeoning Journal Square neighborhood, our 2 million square foot, $900 million

towers are in pre-development. 1 Journal Square is envisioned to rise 66 stories with a podium of vibrant
retail, amenities, and cultural uses. New transit connections, a curated sculpture garden, and a new sprawling
public plaza at the base of the buildings will embed 1 Journal Square into the urban fabric of the neighborhood.
PIER VILLAGE | LONG BRANCH, NEW JERSEY | 4 9 2 A PA R T M E N T S | 1 3 0 , 0 0 0 S F R E TA I L

A jewel on the New Jersey coast, Pier Village is home to luxurious residences and oceanfront retail,
dining, and entertainment, making it an exciting attraction for both residents and visitors. In close

collaboration with Long Branch township, we have enlivened this community with new local and
national retailers, year-round events, and streetscape improvements. Pier Village has been further

elevated by the next phase of development with condominiums, additional retail, and two hotels.
 REFLECTION POINTE | FLOWOOD, MISSISSIPPI | 2 9 6 A PA R T M E N T S

Reflection Pointe is one of four garden-style apartment communities that Kushner acquired in

2021 as part of a portfolio comprising 1,241 units. Kushner will implement an in-unit value-add
program as many units still feature their original 1980’s finishes. This abundant property offers
residents two swimming pools, a private 8-acre lake, fitness center, and beautiful wooded views.
 DUMBO HEIGHTS | D U M B O , B R O O K LY N | 750,000 SF

This 750,000 square foot campus has become the destination for Brooklyn’s top technology, creative,

and e-commerce firms. Spread across four buildings in the heart of Brooklyn’s Tech Triangle
in Dumbo, partners Kushner, LIVWRK, and RFR converted the buildings into Class “A” creative
office and retail space. Lead tenants include Etsy, WeWork, and 2U among others, with a retail

base of innovative tenants including Bluestone Lane Coffee, Randolph Beer, and Mulberry & Vine.
 WAV E S PA | LONG BRANCH, NEW JERSEY | 107 KEYS

T his 1 0 7 -room b e a c hs i d e ho te l i s p a r t o f the P i e r Vi l l a g e c o mmu n i ty , a n d wi l l s e r v e as a s i s t e r

hot el t o t he a d ja c e n t W a v e R e s o r t. W i th i ts i d e a l l o c a ti o n , i n d o o r a n d o u tdo o r p o o l s , c l ub l o un ge ,

a nd priva t e t erra c e s , W a v e S p a w i l l o f fe r g u e s ts a c o n v e n i e n t a n d i n s p i r e d e s c ap e f r o m t he
hu s t le of everyd ay l i f e by p r o v i d i n g g r e a t f o o d , f u n s o c i a l s p a c e s , a n d c o m f o r t ab l e l o dgi n g.
B R O WA R D C R O S S I N G | FORT LAUDERDALE, FLORIDA | 1 , 3 0 0 A PA R T M E N T S | 5 5 , 0 0 0 S F R E TA I L

This year, Kushner secured approval to bring a four-tower mixed-use development to downtown
Fort Lauderdale, with 1,300 apartments, office and retail, and possibly a hotel. We are partnering

with Aimco to develop the project. This ambitious and precedent-setting development comes
on the heels of several other South Florida projects in Wynwood and Edgewater in Miami.
 AUSTIN NICHOLS HOUSE | W I L L I A M S B U R G , B R O O K LY N | 3 3 8 A PA R T M E N T S

Austin Nichols House is a historic gem on the Brooklyn waterfront. Designed by Cass Gilbert

in 1915, this building has been completely transformed by Morris Admji into 338 luxury
condominiums, with renovated lobbies, amenity spaces, and corridors. This project is steps
away from the North 3rd Street retail corridor, aligned with top tier brands including RRL, Egg

Shop, and Whole Foods Market. Kushner is partnered with LIVWRK and the Rockpoint Group.
 LAKESHORE LANDING | RIDGELAND, MISSISSIPPI | 1 9 6 A PA R T M E N T S

One of four properties in our new Jackson, Mississippi portfolio acquisition, Lakeshore

Landing features all the amenities necessary for a seamless water-bound lifestyle. This
asset, along with Pear Orchard in the portfolio, are located in Madison county, one of the best
submarkets in Jackson that includes top public schools and impressive household income.
 26 JOURNAL SQUARE | J E R S E Y C I T Y, N E W J E R S E Y | 111,000 SF

Our investment in Journal Square extends beyond ground-up development to include significant
existing buildings in the neighborhood, such as 26 Journal Square. Built in 1928, this beaux-

arts office tower is often considered the first skyscraper in Jersey City. It is now home
to locally-based companies and retailers. We have upgraded the property with extensive

renovations to lobbies, corridors, and common spaces, as well as additional amenity uses.
T H E E S TAT E S AT C O LT S N E C K | C O LT S N E C K , N E W J E R S E Y | 3 6 0 A PA R T M E N T S

The Estates at Colts Neck will be situated in one of the most desirable neighborhoods in New Jersey.

Surrounded by scenic natural landscapes, fresh retail, an excellent school district, and golf clubs, these
homes will provide the pinnacle of suburban living. Residences will feature top-of-the-line design, with
communal amenities including a sun and pool deck, private clubhouse, and expansive fitness center.
N E W YO R K C I T Y R E S I D E N T I A L | M A N H A T T A N + B R O O K LY N | 1 , 0 3 8 A PA R T M E N T S

Kushner owns an impressive portfolio of walk-up apartment buildings in Manhattan and Brooklyn. The

company’s management brand, Westminster, has become a leader in the New York City apartment business,
offering luxury service in a walk-up setting. Corridors and common spaces are upgraded, and apartments are
renovated with stainless steel appliances, washer/dryers, and brand new fixtures. Westminster has developed

a reputation among residents and brokers alike for providing responsive management and customer service.
 S O U T H AV E N P O I N T E | S O U T H AV E N , M I S S I S S I P P I | 3 5 2 A PA R T M E N T S

The acquisition of Southaven Pointe brought Kushner to over 900 units in the Memphis area.
Located 10 minutes from downtown Memphis on the Mississippi side, Southaven is home

many national distribution centers given its proximity to Memphis International Airport.
Southaven Pointe features top of the line amenities and a value-add plan for unit interiors.
 5 THORNTON ROAD | OAKLAND, NEW JERSEY | 150,000 SF

5 THORNTON ROAD | OAKLAND, NEW JERSEY | 150,000 SF INDUSTRIAL

A long-standing pillar of our growing 1.5 million square foot industrial portfolio, 5 Thornton Road

features soaring 23-foot ceilings, large-scale floorplates, and several triple-net lease tenants. Our
facilities provide expansion space for both warehousing and manufacturing. 5 Thornton Road is
centrally located in Bergen County with advantageous access points and connectivity to transit.
P R I N C E T O N M A R R I O T T AT F O R R E S TA L | PRINCETON, NEW JERSEY | 302 KEYS

One of the preeminent conference and training centers in the region, this three-story hospitality

destination is situated on an expansive and heavily wooded park-like 25 acres. The hotel is located
between New York City and Philadelphia in a university market with nearly 38,000 square
feet of dedicated meeting space. The hotel features a $4.2 million guestroom renovation, and

a $10 million upgrade to meeting space, public space, building systems, and guest bathrooms.
1 2 4 B AY S T R E E T | J E R S E Y C I T Y, N E W J E R S E Y | 36,500 SF OFFICE | 5 9 , 5 0 0 S F R E TA I L

Kushner and KABR Group acquired the historic 124-134 Bay Street, known as Warren at Bay, in

2016. A former warehouse built in 1914, these historic buildings are located in the Powerhouse
Arts District in Jersey City, just steps from the waterfront and the Grove Street PATH Station.
The design vision for Warren at Bay will honor the context of the community with convenient

access to Manhattan and a cultural landscape of retail, art galleries, and creative office.
 F I F T Y02 W E S TOV E R H I L L S | SAN ANTONIO, TEXAS | 3 4 3 A PA R T M E N T S

In 20 21 , Ku s hner p u r c ha s e d a 2 ,4 0 0 -u n i t p o r tf o l i o o f a s s e ts l o c a te d i n p r e m i e r l o c at i o n s ac r o s s
five s t a t es : A la ba ma , K e n tu c ky , Lo u i s i a n a , N o r th C a r o l i n a , a n d Te xa s . Wi t h t he p ur c has e o f

t his port folio, Kus hn e r be c a me o n e o f the l a r g e s t s u bu r ba n mu l ti f a mi l y o wn e r s i n t he U n i t e d

S t a t es , w it h over 2 5,0 0 0 a p a r tme n ts . F i f ty 0 2 W e s to v e r Hi l l s i s o n e o f the hi ghl i ght s , s ho wc as i n g

t he hig h level of f i n i s h, a me n i ty, a n d s e r v i ce tha t i s e mbl e ma ti c o f the p o r t f o l i o as a who l e .

 RIVERCHASE LANDING | HOOVER, ALABAMA | 4 6 8 A PA R T M E N T S

The property is located within the Hoover/Riverchase neighborhood and business park, home to large
offices for companies such as Regions, ADP and AT&T. The unit sizes are the largest in the submarket, which

creates a competitive advantage when marketing to families who are moving into this particular area for
the phenomenal school district. Kushner will have the ability to implement an in-unit value-add program.
 6 6 6 F I F T H AV E N U E | N E W YO R K , N E W YO R K | 1,450,000 SF

Kushner owns the fee interest in a long term ground lease for the 1.45 million square foot commercial

tower. Built in 1957, the historic building is being transformed by our partner Brookfield into
a state-of-the-art Class A office building in the heart of Midtown Manhattan. The tower sits
atop several floors of retail facing Fifth Avenue, the world’s most prominent retail corridor.
 HANOVER CROSSING | EAST HANOVER, NEW JERSEY | 2 6 5 A PA R T M E N T S

Set to break ground in 2022, Hanover Crossing will set a new standard for luxury
living in Northern New Jersey. In addition to top of the line finishes, appliances,

and floorplans, this community will be anchored by a communal clubhouse featuring

indoor and outdoor lounge spaces, an expansive pool deck, screening room, and

more. Kushner will oversee construction and management of the property in-house.
 G A R D E N S P R I N G S A PA R T M E N T S | RICHMOND, VIRGINIA | 2 1 2 A PA R T M E N T S

A beautiful gated community nestled among wooded acres of natural landscape, Garden Springs

Apartments instantly surrounds our residents with serenity and comfort. Garden Springs is one of
five Richmond assets we’ve acquired over the past two years. The community features one-, two-, and
three-bedroom homes, amenitized by an outdoor pool and sundeck, tennis court, and co-working lounge.
 V I L L A S AT G E R M A N T O W N | GERMANTOWN, TENNESSEE | 2 9 6 A PA R T M E N T S

Located in Germantown, a wealthy enclave of Memphis, and one and a half miles from the
state-of-the-art FedEx Worldwide HQ, Villas at Germantown was Kushner’s second acquisition

in Tennessee. The asset represents one of Kushner’s newest vintage assets, just completed
in 2020. Filled with resort style amenities, this asset is considered the top of the market in

the Germantown market, an area that continues to see outsized population and rent growth.
 AT & T H E A D Q U A R T E R S | CHICAGO, ILLINOIS | 975,000 SF

A landmark property in the Kushner portfolio, 225 Randolph is located in the heart of Chicago’s
West Loop. The iconic tower is home to AT&T’s Midwest Regional Headquarters. At 31 stories

tall, it features mid-century architecture and was constructed in 1967 as the home of Illinois
Bell. With the West Loop of Chicago continuing to emerge as a technology leader, we envision

an undertaking to reinvent and update the tower as a hub of creativity and commerce.
 BUNGALOW HOTEL | LONG BRANCH, NEW JERSEY | 24 KEYS

Bungalow Hotel, located at the front entrance to Pier Village, is a home away from home. Our

accommodations feature uniquely spacious rooms and suites, private fireplaces, and fully-
equipped kitchenettes. Guests can also come downstairs to enjoy happy hour and live music in
Bungalounge, our ground floor event space adorned with rotating local art exhibitions. The beachfront

boardwalk is 350 feet away, with the shops and restaurants of Pier Village at your doorstep.
 FA I R L AW N A PA R T M E N T S | FA I R L AW N , N E W J E R S E Y | 3 0 7 A PA R T M E N T S

In line with our steadfast development of ground-up multifamily projects in New Jersey, the Fair Lawn
Apartments will provide a new level of luxury to this region. This community will offer upscale living

for the 55+ active adult community, featuring high-end residences and a sprawling clubhouse and
outdoor amenity area. These features will enhance quality of life and encourage gathering and wellness.
 SEMINARY TOWERS | ALEXANDRIA, VIRGINIA | 545 UNITS

Located just nine miles from the nation’s capital, Seminary Towers features sweeping, panoramic views

and high-end amenities, including a rooftop fitness center and outdoor pool deck set among shade trees.
This community is convenient to major interstate highways and offers easy accessibility to Old Town
Alexandria. Renovated units offer Energy Star appliances, central air conditioning, and spacious layouts.
 W I L D E L A K E A PA R T M E N T S | RICHMOND, VIRGINIA | 1 9 0 A PA R T M E N T S

In 2020, Kushner purchased Wilde Lake Apartments as part of a new three-property portfolio that also

includes Chesapeake Bay and Hanover Crossing Apartments. These assets will benefit from economies
of scale given Kushner’s historical managerial experience in this market. Kushner plans to improve
property operations and the leasing experience through our management platform, Westminster.
 18 COLUMBIA TURNPIKE | F L O R H A M PA R K , N E W J E R S E Y | 135,000 SF

Bu ilt by Ku s hner , 18 C o l u mbi a Tu r n p i ke is a Class A office c a mp u s l o c at e d in Fl o r ham

Pa rk b et w een We s t Orange and the bu r g e o n i n g M o r r i s to w n . The property is f ul l y

a m enit iz ed , a nd f e a tu r e s a to p -s he l f f i tn e s s c l u b, c a f e te r i a , g ar age p ar k i n g, an d
u pg ra d ed com mo n spaces. Te n a n ts include qu a l i ty financial fi r m s an d l aw firms.
30 JOURNAL SQUARE | J E R S E Y C I T Y, N E W J E R S E Y | 74 1 A PA R T M E N T S | 1 5 , 0 0 0 S F R E TA I L

Poised to be the tallest visual point on the Jersey City skyline, 30 Journal Square will rise in the
heart of one of the city’s most exciting, up-and-coming neighborhoods. The tower, designed by

Morris Adjmi, will bring 741 residential units and 15,000 square feet of retail space to Journal
Square. At ground level, 30 Journal will incorporate the historic Jersey Journal Building

façade, as well as a curated sculpture garden plaza that will integrate into the street fabric.
 CROSSWINDS | PEARL, MISSISSIPPI | 3 6 0 A PA R T M E N T S

Crosswinds is one of 4 garden-style apartment communities that Kushner acquired from

MAA in 2021, a portfolio that comprises 1,241 units. The exceptional homes at Crosswinds

feature oversized windows, gas fireplaces, and private balconies. Amenities include
resort-style outdoor pool, fitness center, and tennis courts. This community is located

close to I-20, Highway 80, and the Jackson-Medgar Wiley Ever International Airport.
T H E A PA R T M E N T S AT C A M B R I D G E C O U R T | ROSEDALE, MARYLAND | 544 UNITS

The Apartments at Cambridge Court offer a respite from city life. This community features

one, two, and three-bedroom apartments with renovated finishes, fully equipped kitchens, in-
unit washer/dryers, and high ceilings. Like other properties within our Maryland portfolio,
Cambridge Court is fully amenitized with a pool deck, volleyball court, clubhouse, and fitness center.
 2 8 5 L A F AY E T T E | N E W YO R K , N E W YO R K | 3 1 , 5 0 0 S F R E TA I L

285 Lafayette is a retail condominium in the heart of Soho. Traversing three levels from the ground

floor to sub-basement, this ecclectic block houses the New York Public Library, Rumble Boxing,
Florence’s Santa Maria Novella Farmacia, and the famed tattoo studio Soho Ink. This property is
directly across Jersey Street from the Puck Building, a long-standing pillar of the Kushner portfolio.
 WESTMINSTER HOTEL | LIVINGSTON, NEW JERSEY | 183 KEYS

In the heart of Livingston, New Jersey, is the Westminster Hotel, our AAA Four Diamond luxury hotel

that caters to the discerning tastes of today’s travelers. Guests enjoy first-class amenities, including an
indoor pool, fitness center, and renovated Westminster Club Level suites. Our renovated ballroom can
accommodate events both elaborate and intimate, from wedding receptions to Fortune 500 executive

conferences, with complementary meeting facilities, social event spaces, and banquet rooms available.
T H E S H O P S AT L O N G B R A N C H | LONG BRANCH, NEW JERSEY | 9 0 , 0 0 0 S F R E TA I L | 176 KEYS

Overlooking the Atlantic Ocean, this new retail development features top-of-the-line homes

embedded in a mixed-use community of retail, restaurants, and two new hotels. This exciting
addition to the district brings a dynamic mix of local and national retailers and restaurants
to an already iconic and historic waterfront. The Lofts condominiums above, developed

by our partner and premier condominium developer, Extell Development, are 95% sold.
 T H E A PA R T M E N T S AT B O N N I E R I D G E | B A LT I M O R E , M A R Y L A N D | 960 UNITS

Acquired in 2019, the Apartments at Bonnie Ridge offer modern amenities in a tranquil

setting: a 1.5-mile nature/fitness trail, swimming pool and sundeck, fitness center, tennis
courts, and open-air pavilions. One-, two- and three-bedroom apartments feature private
balconies and patios, in-unit washer/dryers, central air conditioning and renovated interiors.
 V I L L A S AT C O R D O VA | MEMPHIS, TENNESSEE | 2 5 6 A PA R T M E N T S

Kushner planted its first flag in Memphis, Tennessee in 2020 with the $33.5 million acquisition
of Villas at Cordova. The property was built in 2003 and is located in a highly accessible

and thriving suburb of Memphis. We have renovated the interiors of the units and installed
washer/dryers to compete with the market, capturing our high projected rent growth.
 M A N H A T T A N A N D B R O O K LY N R E T A I L | N E W YO R K , N E W YO R K | 214,700 SF

We focus strategically and passionately on filling our retail storefronts with contextual, qualified, and
successful brands. With assets in Dumbo, Soho, East Village, and beyond, we partner with our retail tenants

to achieve success through advertising, outreach, and events production. Creative execution and agile deal-
making in our retail spaces allow us to hone in on our greatest investments: our relationships with retailers.
2 02 2