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Stuyvesant Town-Peter Cooper Village
Tenants Association
   Founded -1971

Officers  
President
Alvin D. Doyle

Vice Presidents
Susan Steinberg, EVP
John H. Marsh, VP

Secretary
Virginia Rosario

Treasurer
John H. Marsh


Directors
Alvin D. Doyle

Kevin J. Farrelly, Esq

Soni H. Fink

Jennifer Kops

John H. Marsh

Judith Preble Miller

Steven R. Newmark, Esq

Virginia Rosario

James J. Roth, Esq

Ann Salzberg

John J. Sheehy, Esq.

Susan Steinberg

Helen K. Thompson

Jonathan Wells

President Emeritus
Hon. Steven Sanders


Internet
stpcvta.org/kb/contact


Postal:
P.O. Box 1202
New York, NY 10009

Telephone
(866) 290-9036 (V)
(866) 290-9036 (F)
Statement of Council Member Dan Garodnick on the Sale of CW Capital by Fortress Investment Group

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There were reports Friday, June 8th that Fortress Investment Group sold a CW Capital entity to Walker & Dunlop Inc. for $220 million.  Fortress and CW Capital are relevant to the 25,000 residents of Stuyvesant Town and Peter Cooper Village because a subsidary company, CW Capital Asset Management, has served as the special servicer of the property since the default by Tishman Speyer in 2010.
 
I want to clarify that Fortress did not sell the special servicer of Stuyvesant Town and Peter Cooper Village, but rather, another subsidiary company of a similar name.  In short, the entity with whom we have been working over the past two years remains in place, and remains the same.  We will continue to seek avenues to work with CW Capital Asset Management to advance the Tenant Association's conversion plan and to bring greater affordability and stability to the neighborhood.  
 
Council Member Dan Garodnick represents Stuyvesant Town and Peter Cooper Village, where he is a lifelong resident. 


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