Company: SLG-PI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001040971-25-000010
Chunk: 82

Company: SL GREEN REALTY CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 82
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)Accretion includes amortization of fees and discounts and paid-in-kind investment income.(3)Excludes a $214.7 million preferred equity investment that is included in Investment in unconsolidated joint ventures in our consolidated balance sheet. See Note 6, "Investments in Unconsolidated Joint Ventures."(4)Includes two investments with a total carrying value of $53.5 million that are included in the Company's alternative strategy portfolio.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)December 31, 2024    

Below is a summary of our debt and preferred equity investments as of December 31, 2024 (dollars in thousands):Floating RateFixed RateTotal Carrying ValueSenior FinancingMaturity(2)TypeCarrying ValueFace ValueInterest Rate (1)Carrying ValueFace ValueInterest RateMezzanine Debt$117,006 $117,160 S + 5.06 - 11.75%$50,000 $50,000 8.00 - 8.40%$167,006 (3)$812,021 2025 - 2029Preferred Equity (4)— — —136,720 136,720 6.5%136,720 250,000 2027 Balance at end of period$117,006 $117,160 $186,720 $186,720 $303,726 $1,062,021 (1)Floating interest rates are presented with the stated spread over Term SOFR ("S").(2)Excludes available extension options to the extent they have not been exercised as of the date of this filing.(3)Includes two investments with a total carrying value of $53.5 million that are included in the Company's alternative strategy portfolio.(4)Excludes a $214.7 million preferred equity investment that is included in Investment in unconsolidated joint ventures in our consolidated balance sheet. See Note 6, "Investments in Unconsolidated Joint Ventures."The following table is a roll forward of our total allowance for loan losses for the years ended December 31, 2024, 2023 and 2022 (in thousands):Year Ended December 31,202420232022Balance at beginning of year$13,520 $6,630 $6,630 Current period provision