- NYSE American: TPHS
- Sector: Real Estate
- Industry: Real Estate – General
Trinity Place Holdings Inc. is a real estate holding, investment, and asset management company headquartered in New York, New York. The company primarily acquires, invests in, owns, manages, develops or redevelops, and sells real estate assets and/or real estate related securities in the United States. The Company emerged from the bankruptcy of the Syms Corporation in order to monetize the legacy real estate assets of the company and create a multi-faceted development company centered on its multi-family real estate strategy. The company’s largest asset is currently a property located at 77 Greenwich in Lower Manhattan. 77 Greenwich was a vacant building that was demolished and is under development as a residential condominium tower that also includes plans for retail and a New York City elementary school. Through a joint venture, the company also owns a 50% interest in a newly constructed 95-unit multi -family property, known as The Berkley, located in Brooklyn, New York. The property was acquired for $68.9M in December 2016. The company recently closed the purchase of a newly built 105-unit, 12 story apartment building located at 237 11th Street in Brooklyn for $81.0 million. The company also owns a retail strip center located in West Palm Beach, Florida, and a property formerly occupied by a retail tenant in Paramus, New Jersey.