Pan Am Equities is a real estate company owned by the Manocherian family that develops and operates real estate properties, along with its sister company Manocherian Brothers[1][2] The company focuses on the redevelopment of Upper East Side tenement blocks.
[citation needed] The owners of the company also own the New York Health & Racquet Club.
[4] In 2014, the company bought two commercial condominiums in the Upper East Side, covering a total of 45,000 square feet.
[citation needed]The seller was Philadelphia-based real estate investment fund manager Equus Capital Partners.
[5] In April 2016, Pan Am Equities sold 6 multifamily rental buildings in the East Village to The Lightstone Group for $127 million.