The Real Deal New York

HNA is selling billions in RE assets, but its execs still own $200M-plus in luxury homes

Top brass live in mansions in Manhattan and Greenwich
April 18, 2018 05:00PM

19 East 64th Street, 2 River Terrace and Adam Tan

19 East 64th Street, 2 River Terrace and Adam Tan

One57, Time Warner Center, 2 River Terrace: These are some but not all of the luxury residences collected by the top executives of HNA Group, the colossal Chinese investment company that’s been selling off some of its most expensive commercial holdings.

While the company is seeking to unload billions of dollars in overseas assets, its executives and the company itself own more than $200 million in residential real estate in and around New York, the Wall Street Journal reported.

The company’s chief executive, Adam Tan, owns perhaps the most exorbitant of all, a $14 million mansion across 4 acres in Greenwich, Connecticut, that’s decked out with multiple pools, a tennis court and gardens. Tan also owns at least two Manhattan homes, which are worth millions of dollars, the paper reported.

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Other homes owned by company execs include four units at Extell Development’s One57, units at Time Warner Center and apartments at Park Imperial Tower.

In February, HNA sold a former Upper East Side mansion it had planned to convert to office space for a staggering $90 million. The buyer was British billionaire Len Blavatnik. [WSJ]Will Parker