New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
SL Green Completes $2.1B Debt Refinancings
SL Green Realty Corp., Manhattan’s largest office landlord, has completed strategic debt modifications and extensions totaling $2.1 billion across its portfolio. These initiatives are part of SL Green’s plan to refinance, modify, or extend at least $5.0 billion of existing debt.
Key transactions include modifications and extensions of mortgage loans for prominent properties such as 280 Park Avenue, 10 East 53rd Street, and 100 Park Avenue. Additionally, SL Green has entered into contracts to sell properties like 719 Seventh Avenue and the Palisades Premier Conference Center.
“We are working diligently to execute our very ambitious 2024 business plan, which includes strategic asset sales and the extension of our debt maturity profile. Our reputation as a best-in-class owner/operator of New York City commercial properties with a strong balance sheet has allowed us to work with our extraordinary partners in the lending community to execute this plan amid the backdrop of a challenging credit market,” said Harrison Sitomer, Chief Investment Officer of SL Green.
- ◦Financing
