Company: SLG-PI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001040971-25-000010
Chunk: 84

Company: SL GREEN REALTY CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 84
---
 (1)Year in which the investment was originated or acquired by us or in which a material modification occurred.(2)During the year ended December 31, 2023, we recognized a $6.9 million provision for loan loss related to an investment originated prior to 2021.(3)Includes two investments with a total carrying value of $53.5 million that are included in the Company's alternative strategy portfolio.

94

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

We have determined that we have one portfolio segment of financing receivables as of December 31, 2024 and 2023 comprised of commercial real estate which is primarily recorded in debt and preferred equity investments.Included in Other assets is an additional amount of financing receivables representing loans to joint venture partners totaling $23.7 million and $8.8 million as of December 31, 2024 and 2023, respectively. The Company recorded no provisions for loan losses related to these financing receivables for the years ended December 31, 2024 and 2023, respectively. All of these loans have a risk rating of 2 and were performing in accordance with their respective terms. Debt InvestmentsAs of December 31, 2024 and 2023, we held the following debt investments with an aggregate weighted average current yield of 6.02% as of December 31, 2024 (dollars in thousands):December 31, 2024December 31, 2023Loan TypeFuture Funding ObligationsSenior FinancingCarrying Value (1)Carrying Value (1)MaturityDate (2)Fixed Rate Investments:Mezzanine Loan (3) (4) (5)$— $105,000 $13,366 $13,366 January 2025Mezzanine Loan (6)— 95,000 30,000 30,000 January 2025Mezzanine Loan— 85,000 20,000 20,000 December 2029Total fixed rate$— $285,000 $63,366 $63,366  Floating Rate Investments:Mezzanine Loan$— $54,000 $8,991 $8,243 July 2025Mezzanine Loan (5) (7)— 283,000