Rep. Chris Collins and Buffalo developer Nick Sinatra have teamed up on several real estate deals in recent years. Collins has invested between $3.5 million and $13 million in Sinatra's real estate ventures since 2014, and Collins loaned Sinatra's company somewhere between $1 million and $5 million in late 2015. Here's a closer look at those investments, based on Collins' public financial disclosures, state corporation records and media reports from other parts of the country:
• Patio Village Apartments: The day after Christmas 2014, Collins plunked down at least $500,001 on Patio Village Apartments LLC, a 43-unit apartment complex in San Diego. The San Diego Business Journal reported that Sinatra headed the buying group. Collins' investment is now worth between $1 million and $5 million, and it brought him between $50,001 and $100,000 in income in 2016.
• Woodlands Group: Collins invested at least $600,000 in this Wheatfield corporate center in August 2015. The Sinatra & Co. website says the project "offers tenants a world-class leasing experience." Collins' investment is now worth somewhere between $500,001 and $1 million, and it brought him between $50,001 and $100,000 of income last year.
• The bridge loan: Collins loaned Sinatra & Co. between $1 million and $5 million in December 2015. The congressman's personal financial disclosure doesn't note the purpose of the loan, but bridge loans are typically short-term financing vehicles used when a developer is selling one project and buying another. Collins garnered between $50,001 and $100,000 in interest income from that loan in 2016.
• SSIL II LLC: In May 2016, Collins invested at least $1 million in this Sinatra-led company that bought the Timber Creek Apartments in Woodridge, Ill., in the Chicago suburbs. That investment is now worth between $1 million and $5 million, and last year it brought Collins between $15,001 and $50,000 in income.
• Linda Lane Apartment Group: Collins invested at least $100,001 in these Cheektowaga apartments in October 2016. State corporation records don't show who established Linda Lane Apartment Group, but they also show that the apartment group shares the same downtown Buffalo address as Sinatra & Co. Collins reported that his investment in Linda Lane is now worth between $250,001 and $500,000.
• Fox Valley Villages: On Christmas Eve last year, Collins invested between $250,001 and $500,000 in this Aurora, Ill., a garden-style apartment complex. CoStar Group Realty Information reported at the time that a partnership between Sinatra and two other companies had purchased the complex.
• West Seneca Apartment Group: Collins put down between $250,001 and $500,000 on these apartments this August. State corporation records show that Sinatra & Co. formed the group that purchased the apartment complex.