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L+M Development Partners

1865 Palmer Avenue, Suite 203
Larchmont, NY 10538
(914) 833-3000
Website

L+M Development Partners is a real estate development firm focused on affordable housing. CEO Ron Moelis, who founded the firm in 1984, once characterized L+M's mission as no home runs, no strikeouts.
To that end it has eschewed overly risky projects, but it hasn't shied away from typically low-profitability ventures, such as affordable housing, which it got into officially in 1998. L+M was one of the first developers to integrate federal low-income housing tax credits with the city's Vacant Building Program.
Since then, L+M has converted former a Navy prison into a Brooklyn affordable housing project and helped to transform Seward Park. In late 2014, it bought a 50 percent stake in almost 1,000 apartments in New York City's public housing projects, with plans to reinvest $100 million in renovations.
L+M has grown since the 1980s into an employee-owned firm of roughly 250 staffers, among them a handful of social workers and a community relations specialist. It has business in New Orleans and San Francisco in addition to New York City.

L+M Development Partners, Chairman and Founding Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
...
L+M Development Partners, Vice Chairman/Senior Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
...
L+M Development Partners, Vice Chairman/Senior Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
...
L+M Development Partners, Chief Financial Officer/Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
...
L+M Development Partners, Chief Operating Officer/Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
...
L+M Development Partners, President of Construction/Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
...
L+M Development Partners, President, Development & Acquisition/Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
...
L+M Development Partners, Founder and CEO
1865 Palmer Avenue, Suite 203, NY, NY, 914-833-3000
Ron Moelis began his career in the 1980s flipping apartments during the co-op...
  • Event Financing
  • Address 4511 3rd Avenue
  • Neighborhood Tremont
  • Borough Bronx
  • Price $ 9,000,000
  • Publication Date 12/06/2019
  • Event Date 12/04/2019
  • Party 1 L+M Development Partners
  • Party 2 Low Income Investment Fund
notes
The lender issued a construction loan of $9 million for the Tremont portfolio.
  • Event Sales
  • Address 552 Main Street
  • Neighborhood Roosevelt Island
  • Borough Manhattan
  • Price $ 1,200,000,000
  • Publication Date 10/25/2019
  • Event Date 10/23/2019
  • Party 1 Brookfield Asset Management
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Doug Harmon, Adam Spies, Josh King, Adam Doneger
  • Party 2 L+M Development Partners, Invesco Real Estate
  • Party 2 Brokerage Greenberg Traurig
  • Party 2 Broker Richard Giusto
notes
The buyer bought the Roosevelt Island portfolio for $1200 million.
  • Event Financing
  • Address 552 Main Street
  • Neighborhood Roosevelt Island
  • Borough Manhattan
  • Price $ 823,000,000
  • Publication Date 10/25/2019
  • Event Date 10/23/2019
  • Party 1 L+M Development Partners, Invesco Real Estate
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Gideon Gil
  • Party 2 Wells Fargo
  • Party 2 Brokerage Greenberg Traurig
  • Party 2 Broker Richard Giusto
notes
The buyer secured an acquisition loan of $823 million for the Roosevelt Island portfolio.
  • Event Sales
  • Address 2913 Fredrick Douglass Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 7,700
  • Price $ 7,800,000
  • Amount Price 7800000
  • Publication Date 08/02/2019
  • Event Date 07/15/2019
  • Party 1 L+M Development Partners
  • Party 1 Brokerage Meridian Capital Group
  • Party 1 Broker Amit Doshi, Jonathan Shainberg, Shallini Mehra
  • Party 2 ABJ Properties
  • Party 2 Brokerage Meridian Capital Group
  • Party 2 Broker Amit Doshi, Jonathan Shainberg, Shallini Mehra
notes
The buyer acquired the Central Harlem property for $7.8 million.
  • Event Retail Leasing
  • Address 175 Delancey Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 2,000
  • Publication Date 07/12/2019
  • Event Date 07/11/2019
  • Party 1 Prusik Group, L+M Development Partners, BFC Partners, Taconic Investment Partners, Goldman Sachs Urban Investment Group
  • Party 2 Hilltop Bicycles
notes
The bicycle shop signed a 10-year lease for the Lower East Side building.
  • Event Retail Leasing
  • Address Essex Crossing
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 150
notes
The doughnut shop inked a lease in the planned marketplace in the Lower East Side.
  • Event Retail Leasing
  • Address Essex Crossing
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 150
notes
The pickler inked a lease in the planned marketplace in the Lower East Side.
  • Event Retail Leasing
  • Address Essex Crossing
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 410
notes
The juicery inked a lease in the planned marketplace in the Lower East Side.
  • Event Retail Leasing
  • Address Essex Crossing
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 410
notes
The nut-seller inked a lease in the planned marketplace in the Lower East Side.
  • Event Sales
  • Address 342 East Eighth Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 73,359
  • Price $ 50,000,000
notes
The buyer secured a stake in the East Village building for $50 million.
  • Event Sales
  • Address 200-204 Manhattan Avenue, 133-135 West 104th Street, 20-22 West 109th Street, 12-18 West 109th Street
  • Neighborhood Manhattan Valley
  • Borough Manhattan
  • Price $ 54,000,000
notes
The partnership acquired a $54 million loan for the Manhattan Valley portfolio.
  • Event Financing
  • Address 149 Kent Avenue, 55 North 5th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 87,000,000
notes
The developer acquired a loan for $87 million rom the city, state and federal financing of the 164-unit rental.
  • Event Financing
  • Address 140 Essex Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 11,156
  • Price $ 34,000,000
notes
The developers acquired a $34 million construction loan for the affordable senior housing property.
  • Event Sales
  • Address 176 West 94th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 96,184
  • Price $ 28,000,000
  • Publication Date 11/06/2017
  • Event Date 10/31/2017
  • Party 1 L+M Development Partners, RR 94 Housing, HP Independence Housing Development Fund Company
  • Party 2 West Side Federation for Senior Housing, NYC Housing Partnership
notes
The nonprofits acquired the 126-unit building for $28 million.
  • Event Sales
  • Address 12-22 West 109th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 143,101
  • Price $ 48,600,000
notes
The preservation fund bought a 90% equity stake in five multifamily properties for $48.6 million.
  • Event Retail Leasing
  • Address 7 Bell Slip
  • Neighborhood Greenpoint
  • Borough Brooklyn
  • Square feet 1,050
notes
The artisanal ice cream shop signed a lease.
  • Event Financing
  • Address 825 Boynton Avenue
  • Neighborhood Soundview
  • Borough Bronx
  • Square feet 115,712
  • Price $ 80,800,000
notes
The company secured a $81 million construction loan for Lafayette Boton multifamily complex.
  • Event Sales
  • Address 45 West 139th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 315,000,000
notes
The multifamily residential building portfolio sold for $315 million.
  • Event Financing
  • Address 875- 825 Boynton Avenue|820- 880 Colgate Avenue
  • Neighborhood Soundview
  • Borough Bronx
  • Square feet 1,070,000
  • Price $ 89,500,000
  • Price per foot $ 83.00
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Global One Investments, L+M Development Partners
  • Party 2 Citi Community Capital
notes
The company refinanced a $89.5 loan.
  • Event Sales
  • Address 310 Lenox Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 24,600
  • Price $ 21,000,000
  • Price per foot $ 853.66
notes
The office building sold for $21 million.
  • Event Sales
  • Address 342 East 8th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 90,000
  • Price $ 44,000,000
  • Price per foot $ 488.89
notes
The multifamily residential building sold for $44 million.
  • Event Sales
  • Address 1955 First Avenue
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 103,000,000
notes
The 232-unit mulitfamily building sold for $103 million.
  • Event Residential Sales
  • Building Name 23 West 116th Street
  • Address Unit 12A, 23 West 116th Street
  • Unit 12A
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 1,534
  • Price $ 2,341,975
  • Price per foot $ 1,526.71
  • Publication Date 12/09/2015
  • Event Date 12/01/2015
  • Party 1 L+M Development Partners
  • Party 1 Entity West 116 Owners LLC
  • Party 2 Aruego, Juan Dewey; Mcgill, Erin Anne
  • Event Residential Sales
  • Building Name 23 West 116th Street
  • Address Unit 11D, 23 West 116th Street
  • Unit 11D
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 1,847
  • Price $ 2,749,275
  • Price per foot $ 1,488.51
  • Event Sales
  • Building Name 257-271 South Street
  • Address 271 South Street
  • Neighborhood Chinatown
  • Borough Manhattan
  • Square feet 236,065
  • Price $ 115,000,000
  • Price per foot $ 487.15
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