Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 90

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 90
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 value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level of input that is significant to the fair value measurement in its entirety. Our assessment of the significance of the particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The following tables set forth the assets and liabilities that we measure at fair value on a recurring and non-recurring basis by their levels in the fair value hierarchy as of March 31, 2025 and December 31, 2024 (in thousands):March 31, 2025TotalLevel 1Level 2Level 3Assets:Marketable securities available-for-sale$12,295 $— $12,295 $— Interest rate cap and swap agreements (included in Other assets)$17,907 $— $17,907 $— Real estate loans held by consolidated securitization vehicles$1,449,291 $— $1,021,586 $427,705 Liabilities:Interest rate cap and swap agreements (included in Other liabilities)$13,592 $— $13,592 $— Senior obligations of consolidated securitization vehicles$1,409,185 $— $985,982 $423,203 Secured borrowing (1)$254,447 $— $— $254,447 (1)The Company admitted an additional partner to the One Madison Avenue development project with the partner's indirect ownership in the joint venture totaling 25.0%. The transaction did not meet sale accounting under ASC 860 and, as a result, was treated as a secured borrowing for accounting purposes and is included in Other liabilities in our consolidated balance sheets. December 31, 2024TotalLevel 1Level 2Level 3Assets:Marketable securities available-for-sale$17,323 $— $17,323 $— Interest rate cap and swap agreements (included in Other assets)$31,860 $— $31,860 $— Real estate loans held by consolidated securitization vehicles$584,134 $— $584,134 $— Liabilities:Interest rate cap and swap agreements (included in Other liabilities)$6,469 $— $6,469 $— Senior obligations of consolidated se