Company: SLG-PI
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047886
Chunk: 82

Company: SL GREEN REALTY CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 82
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 interest and principal payments, the amounts of which are based on certain construction milestones and operating metrics. (6)The Company's joint venture partner is in discussions with the lender on resolution of the past maturity.(7)In September, an affiliate of the Company and a joint venture partner extinguished the outstanding mortgage loan at 1552 Broadway.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)September 30, 2025(unaudited)

We receive fees for providing management, leasing, construction supervision and asset management services to certain of our joint ventures. We recognized $4.3 million and $9.8 million from these services, net of our ownership share of the joint ventures, for the three and nine months ended September 30, 2025, respectively. We recognized $6.1 million and $12.7 million from these services, net of our ownership share of the joint ventures, for the three and nine months ended September 30, 2024, respectively. In addition, we have the ability to earn incentive fees based on the ultimate financial performance of certain of the joint venture properties.The combined balance sheets for the unconsolidated joint ventures, at September 30, 2025 and December 31, 2024 are as follows (in thousands):September 30, 2025December 31, 2024Assets (1)Commercial real estate property, net$15,251,863 $15,327,542 Cash and restricted cash601,748 649,426 Tenant and other receivables, related party receivables, and deferred rents receivable735,504 621,748 Debt and preferred equity investments, net253,983 236,512 Right-of-use assets828,181 919,658 Other assets1,611,396 1,739,549 Total assets$19,282,675 $19,494,435 Liabilities and equity (1)Mortgages and other loans payable, net$12,145,070 $12,234,261 Deferred revenue879,137 956,217 Lease liabilities910,160 1,008,085 Other liabilities434,761 519,582 Equity4,913,547 4,776,290 Total liabilities and equity$19,282,675 $19,494,435 Company's investments in