Trinity Place Holdings Inc.

Overview

Trinity Place Holdings Inc. is a real estate holding, investment, development, and asset management company based in New York City. The company's principal asset is located at 77 Greenwich Street in Lower Manhattan, a 300,000 square foot mixed-use condominium project currently under development. Additionally, Trinity Place Holdings owns a retail property in Paramus, New Jersey, which is under redevelopment. The company also controls various intellectual property assets focused on the consumer sector, including the rights to the Filene’s Basement® trademark and the Stanley Blacker® brand, as well as the intellectual property associated with the Running of the Brides® event and the An Educated Consumer is Our Best Customer® slogan. Trinity Place Holdings was incorporated in 2012 and is headquartered in New York, New York. The company's strategy centers on monetizing these assets through brand licensing, e-commerce initiatives, strategic partnerships, and protection and enforcement of its intellectual property rights. The firm is led by a team with decades of experience in real estate development, finance, leasing, and asset management, and its board of directors consists of seasoned business leaders who share their depth and diversity of experiences in real estate with the management team. The company's largest single asset is currently 77 Greenwich Street, a 300,000 square foot mixed-use condominium project under development in Lower Manhattan. In the retail sector, Trinity Place Holdings owns a retail property in Paramus, New Jersey, currently under redevelopment. The company also controls a growing platform of newly constructed multifamily assets, including co-ownership of The Berkley and 250 North 10th Street in Williamsburg, Brooklyn, and 100% ownership of 237 11th Street in Park Slope, Brooklyn. Trinity Place Holdings also manages FilenesBasement.com, where customers can purchase high fashion at discount prices online. The company maintains hundreds of millions of dollars of federal and state tax losses, which may be utilized to offset future taxable income. The firm's investment philosophy focuses on appropriate risk-adjusted real estate investments in the United States, with a primary focus on New York City. Trinity Place Holdings is listed on the OTC Pink Market under the ticker symbol TPHS. The company's stock is traded over-the-counter, and it is not listed on a major stock exchange. The firm has a market capitalization of approximately $1.7 million. The company's financial performance has varied over the years, with revenue and net income fluctuating due to the nature of its real estate development and investment activities. The firm continues to focus on its core competencies in real estate development, asset management, and intellectual property monetization, aiming to create value for its shareholders through strategic investments and developments in the real estate sector. Trinity Place Holdings remains committed to its mission of owning, investing in, managing, developing, and redeveloping real estate assets and real estate-related securities, leveraging its expertise and experience in the industry to achieve sustainable growth and profitability. The company's portfolio includes a mix of residential and commercial properties, with a strategic emphasis on high-quality assets in prime locations, particularly in the New York City area. Trinity Place Holdings continues to explore opportunities to expand its portfolio and enhance its asset base through strategic acquisitions, developments, and partnerships, aiming to deliver long-term value to its stakeholders. The firm's leadership team and board of directors bring a wealth of experience and expertise to the company, guiding its strategic direction and operational execution to achieve its business objectives and maintain a strong position in the real estate market. The company's commitment to excellence in real estate development, asset management, and intellectual

Investment Focus

• Real Estate Development
• Intellectual Property Monetization

Portfolio Companies