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Deals & Dealmakers

Realty Foundation of New York to honor Savanna executives

The Realty Foundation of New York (RFNY) announced that Christopher Schlank and Nicholas Bienstock, co-managing partners of Savanna, one of New York’s leading real estate private equity and asset management firms, will be honored at the organization’s second annual cocktail party on Thursday, April 28, 2016.

Photo by Brad.K/ Flickr
Photo by Brad.K/ Flickr

The gala event will take place at Manhattan’s historic Rainbow Room on the 65th floor atop 30 Rockefeller Center beginning at 5:30 pm.

“We are so very excited that Chris and Nick will be our co-honorees this year,” said H. Dale Hemmerdinger, chairman of the Foundation, who added that the event is the RFNY’s 62nd annual fundraiser since its inception in 1954.

“A dynamic, young, highly successful company, Savanna’s principals have enthusiastically embraced our mandate, which is dedicated to aiding real estate professionals who are financially at risk, a cause that is relevant to any generation as real estate markets cycle and fluctuate.”

Established in 1992, Savanna is a real estate private equity firm and asset management company that pursues real estate equity and debt investments located primarily in New York City.

Savanna’s current portfolio of more than 8 million square feet includes 95 Evergreen Avenue, a 160,000 s/f warehouse to office and retail conversion in Bushwick, Brooklyn; 60 Tenth Avenue, a 24,000 s/f retail building under the High Line in the Meatpacking District; 110 William Street, a 928,000 s/f office tower in the Financial District; 540 West 26th Street, a 166,000 s/f office and gallery development in West Chelsea; and One Court Square, a 1.5 million square-foot office tower in Long Island City.

Recent acquisitions include 1825 Park Avenue, a 135,000 s/f office repositioning in the 125th Street corridor of Harlem, and 106 West 56th Street, a 90,000 s/f boutique office development in the Plaza District.

“We remain steadfast in our resolve to oversee the welfare and well-being of our member firms and their families, and are thrilled that Chris and Nick will carry the torch to their contemporaries by supporting us this year,” said Lawrence B. Benenson, the Foundation’s executive vice president.

In addition to overseeing members’ financial welfare, the Foundation runs a scholarship program for college bound students.

For further information about the Foundation, contact Executive Director Patricia Frank at Tel: 212-697-3943.

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