Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 107

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 107
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June 30, 2025(unaudited)

Financial Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following tables set forth the assets and liabilities that we measure at fair value on a recurring basis by their levels in the fair value hierarchy as of June 30, 2025 and December 31, 2024 (in thousands):June 30, 2025TotalLevel 1Level 2Level 3Assets:Marketable securities available-for-sale$17,151 $— $17,151 $— Interest rate cap and swap agreements (included in Other assets)$11,848 $— $11,848 $— Real estate loans held by consolidated securitization vehicles$1,431,362 $— $1,003,729 $427,633 Debt fund investments(1)$41,356 $— $36,852 $4,504 Liabilities:Interest rate cap and swap agreements (included in Other liabilities)$17,742 $— $17,742 $— Senior obligations of consolidated securitization vehicles$1,431,362 $— $1,003,729 $427,633 Secured borrowing (included in Other liabilities) (2)$248,992 $— $— $248,992 (1)During the six months ended June 30, 2025 the Fund purchased $4.5 million of investments classified as Level 3 and did not recognize any unrealized gains or losses on those investments.(2)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