Business
Meadow Partners and GreenBarn Investment Group Lead $36 Million Preferred Equity Investment in 1166 Avenue of the Americas in Midtown Manhattan
NEW YORK, September 30, 2025--Meadow Partners ("Meadow"), an institutional middle-market real estate private equity firm, GreenBarn Investment Group ("GreenBarn"), and RXR are pleased to announce a $36 million preferred equity investment in 1166 Avenue of the Americas in Midtown Manhattan.
About this update from Fti Consulting, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":299,"url":"https://media.zenfs.com/en/business-wire.com/f93436e652edadc69b01524f8bf1e96f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/9FOeIN2o3KznxKjSGmT1MA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU5ODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/f93436e652edadc69b01524f8bf1e96f","width":480,"height":299}},"lazy":false},{"type":"text","content":"NEW YORK, September 30, 2025--(BUSINESS WIRE)--Meadow Partners ("Meadow"), an institutional middle-market real estate private equity firm, GreenBarn Investment Group ("GreenBarn"), and RXR are pleased to announce a $36 million preferred equity investment in 1166 Avenue of the Americas in Midtown Manhattan.","length":327,"tagName":"p"},{"type":"text","content":"Owned by an affiliate of Edward J. Minskoff Equities ("EJME"), 1166 Avenue of the Americas is a 561,000-square-foot Class A office condominium located along the Bryant Park corridor. EJME has achieved great success leasing to tenants such as FTI Consulting, William Blair, Janney Montgomery Scott, Continental Casualty Insurance, and Axis Insurance. With recent leases to the FDIC and Epiq Systems, 1166 Avenue of the Americas is 98% leased with 10 years of weighted average lease term. EJME has also invested in a conference center and state-of-the-art amenity featuring a gym and tenant lounge.","length":606,"tagName":"p"},{"type":"text","content":""We are pleased to support EJME’s capitalization of a premier Midtown office property together with GreenBarn and RXR," said Jeffrey Kaplan, Managing Partner of Meadow. "This preferred equity investment builds on Meadow’s proven record of identifying opportunities within capital markets dislocation that can deliver equity-like returns with debt-like risk. As demand for high-quality office space in Midtown remains strong, and leasing activity in the area outperforms broader Manhattan averages, we believe 1166 Avenue of the Americas presents an attractive opportunity for Meadow to work with our longstanding borrower relationships to the benefit of our investors."","length":689,"tagName":"p"},{"type":"text","content":"David Schonbraun, Managing Partner of GreenBarn, added, "1166 Avenue ...