Structured Credit

THE VISION TO REALIZE LONG-TERM VALUE

Rabina has led the development of more than three million square feet of projects, from its first, a retail center and parking garage in Miami Beach, to its latest, a high-rise, mixed-use tower in the heart of mid-town Manhattan, presently in pre-development. Other Rabina developments have included state-of-the-art data center projects, thousands of residential units in New York City and South Florida, and more than two million square feet of industrial distribution.

Rabina has partnered on projects with leading developers including the Related Company of Florida, JD Carlisle Development, Hillwood Development Company, Rose Associates and the Worldwide Group. Rabina’s development pipeline includes an addition to an existing Brooklyn office building that will roughly double its square footage, built-to-suit data center projects, and more than 600 luxury residences.

IDENTIFYING THE REAL OPPORTUNITIES

With deep experience across asset classes cultivated over many years, Rabina underwrites with confidence in markets all over the United States and beyond. Once an acquisition target is identified, Rabina relies on the determination of its leadership and its financial strength to move aggressively to close.

BUILDING VALUE ON OUR PROPERTIES

Rabina’s acquisition targets are often difficult, misunderstood or underperforming assets that require a steady hand and careful management. Whether an asset requires the perfect tenant for existing space, physical improvements, repositioning to meet a particular market demand, or maneuvering through legal and regulatory issues, Rabina has the skill, resources, and patience to roll up its sleeves and execute a long-term strategy to bring assets to their full potential.

CAPITAL, JUDGMENT & AGILITY

Since 1992, Rabina has originated and purchased more than two billion dollars of loans. As experienced owners and appraisers of real estate, Rabina has the ability to underwrite the real value of underlying collateral and execute the appropriate strategy, whether through restructuring, recapitalizing, or using our operational skills to solve problems.

structured credit Case Study

230 Park Avenue South

Opportunity

In 1996, one of the largest banks in the U.S. was in the midst of a transformation, adopting a new brand and hoping to clear a large portfolio of charge-off and unsecured claims off its books. Recognizing the true value of the loan collateral and willing to navigate complex business situations and bankruptcies, Rabina purchased the entire portfolio, which had a face value of more than $600 million, at a steep discount.

Results

Rabina restructured, settled or sold secured claims, repatriating all contributed equity. Rabina then led the workout and restructuring of the unsecured claims, in the process acquiring assets, including a 50% ownership stake in 230 Park Avenue South, a 400,000 square-foot, fourteen-story office building in New York City’s Flatiron District. Rabina sold 230 Park Avenue South in 2007, yielding a manifold return for Rabina and its partners.