secwatch.observer — SEC 8-K summary
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Issuer:     Trinity Place Holdings Inc. (TPHS)
CIK:        0000724742
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001104659-22-052327
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trinity Place sells 50% JV interest in The Berkley for $71.02M to TF Cornerstone
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- Sale price of $71.02M for the Williamsburg, Brooklyn multifamily property.
- Net proceeds after mortgage and swap settlement will fund working capital or new investments.
- Property maintained 99% occupancy over past 12 months; net effective rent growth ~20% on new leases.
- At 77 Greenwich, Jolie construction hoist removed; TCO for A-line units and Cloud Club 77 expected summer 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724742/000110465922052327/0001104659-22-052327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724742/000110465922052327/tm2213918d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-052327

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer