Profile: SL Green Realty Corp (SLG)
23 Mar 2018
SL Green Realty Corp., incorporated on June 10, 1997, is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments. It acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area. Its subsidiaries include Reckson Associates Realty Corp. (Reckson) and Reckson Operating Partnership, L.P. (ROP).
As of December 31, 2016, the Company owned or held interests in 24 consolidated commercial office buildings encompassing approximately 16.1 million rentable square feet and seven unconsolidated commercial office buildings encompassing approximately 6.6 million rentable square feet located primarily in midtown Manhattan. As of December 31, 2016, the Company's portfolio also included ownership interests in 25 consolidated commercial office buildings encompassing approximately 4.1 million rentable square feet and two unconsolidated commercial office buildings encompassing approximately 640,000 rentable square feet located in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey.
As of December 31, 2016, it also owned investments in 20 prime retail properties encompassing approximately 818,063 square feet, eight buildings in some stage of development or redevelopment encompassing approximately 814,149 square feet, 21 residential buildings encompassing 4,209 units (approximately 3,719,869 square feet) and two land interests under building improvements that are leased to a third party, encompassing approximately 203,456 square feet. In addition, the Company managed one office building owned by a third party encompassing approximately 336,000 square feet, as of December 31, 2016.
The Company invests in well-collateralized debt and preferred equity investments in New York City. As of December 31, 2016, its Manhattan and Suburban office properties were leased to 1,317 tenants, which were engaged in a range of businesses, including professional services, financial services, media, apparel, business services and government/non-profit. Its debt and preferred equity activities include purchases and originations, inclusive of advances under future funding obligations, discount and fee amortization, and paid-in-kind interest. Its debt and preferred equity portfolio is focused on the origination of financings, typically in the form of mezzanine debt, for owners, acquirers or developers of New York City properties.
SL Green Realty Corp
420 Lexington Ave
NEW YORK NY 10170-0002
Company Web Links
- BRIEF-Sl Green Continues Asset Disposition And Share Repurchase Program
- BRIEF-SL Green Realty Says Matthew Diliberto, Co Agreed To Extend Diliberto's Term As CFO For Additional 3 Years Through Jan 1, 2021
- BRIEF-SL Green Realty Reports Q4 EPS Of $0.29
- BRIEF-SL Green Realty Corp Sees For Year Ending Dec 31, 2018 FFO Per Share Of $6.65 To $6.75
- BRIEF-SL Green To Increase Common Dividend For Seventh Consecutive Year