SL Green Realty

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SL Green Realty Corp.
Public company
Traded asNYSESLG
S&P 500 Index component
IndustryReal estate investment trust
Founded1997; 22 years ago (1997)
FounderStephen L. Green
Key people
Stephen L. Green, Chairman
Marc Holliday, CEO
Andrew W. Mathias, President
Matthew J. DiLiberto, CFO
RevenueIncrease $1.863 billion (2016)
Decrease $0.278 billion (2016)
Total assetsDecrease $15.857 billion (2016)
Total equityIncrease $7.750 billion (2016)
Number of employees
1,075 (2016)
Footnotes / references

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City.


Notable properties owned by the company are:[1]


The company's predecessor, S.L. Green Properties, Inc., was formed in 1980 by Stephen L. Green.[1]

In 1997, the company was formed as a successor.[1]

In November 2004, the company sold The Knickerbocker Hotel (Manhattan) for $160 million.[2]

In 2005, the company acquired the Metropolitan Life Insurance Company Tower for $916 million and converted the building into condominiums.[3]

In 2006, the company acquired Reckson Associates in a $4 billion transaction.[4]

In December 2007, the company acquired 388 Greenwich Street from Citigroup in a leaseback transaction.[5] Citigroup reacquired the building in 2016.[6]

In March 2008, the company sold 1250 Broadway for $310 million.[7]

In 2011, the company sold One Court Square to Israeli investors.[8]

In February 2012, the company acquired 724 Fifth Avenue.[9]

In November 2014, the company acquired 102 Greene Street for $32.3 million.[10]

In July 2015, the company acquired 187 Broadway and 5-7 Dey Street for $63.7 million.[11] The company also announced the sale of Tower 45, the office building located at 120 West 45th Street, for $365.0 million and the joint venture of 131-137 Spring Street, based on a property value of $277.8 million.[12]

In August 2017, the company sold the Montague-Court Building for $171.0 million. The company had bought the property for $107.5 million in 2007 and made significant upgrades.[13]

In November 2018, the company purchased a $148 million stake in 245 Park Avenue from Chinese conglomerate HNA Group. The company was also appointed as property manager and leasing manager.[14]


  1. ^ a b c d "SL Green Realty Corp. 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ Stoler, Michael (April 20, 2006). "Condos, New Retail To Be Added to Times Square Mix". The New York Sun.
  3. ^ Lueck, Thomas J. (March 31, 2005). "$1 Billion Deal Turns MetLife Into Condos". The New York Times.
  4. ^ Deutsch, Claudia H. (August 4, 2006). "SL Green Acquires Reckson Associates for $4 Billion". The New York Times.}}
  5. ^ Putzier, Konrad (June 13, 2016). "Citigroup closes on $1.8B buy of Tribeca HQ from SL Green". The Real Deal.
  6. ^ "SL Green & Citi Reach Agreement on Early Purchase of 388-390 Greenwich Street" (Press release). Business Wire. April 20, 2016.
  7. ^ "SL Green Announces Sale of 1250 Broadway" (Press release). Business Wire. March 4, 2008.
  8. ^ "SL Green's One Court Square purchased by Israeli investors". The Real Deal. November 9, 2011.
  9. ^ "SL Green Acquires 724 Fifth Avenue" (Press release). Business Wire. February 1, 2012.
  10. ^ "SL Green buys 102 Greene Street for $32M". The Real Deal. November 4, 2014.
  11. ^ "SL Green Announces Acquisition of Mixed-Use Properties in Downtown Manhattan" (Press release). Business Wire. July 21, 2015.
  12. ^ "SL Green Announces Sale of Tower 45 and Joint Venture of SoHo Property" (Press release). Business Wire. July 13, 2015.
  13. ^ "SL Green Announces Sale of 16 Court Street in Brooklyn, NY" (Press release). Business Wire. August 10, 2017.
  14. ^ "SL Green invests $148M for stake in HNA's 245 Park Avenue". The Real Deal. November 30, 2018.

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