Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 83

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 83
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ated joint ventures" in our consolidated balance sheets.  We receive fees for providing management, leasing, construction supervision and asset management services to certain of our joint ventures. We recognized $2.9 million and $5.5 million from these services, net of our ownership share of the joint ventures, for the three and six months ended June 30, 2025, respectively. We recognized $2.8 million and $6.5 million from these services, net of our ownership share of the joint ventures, for the three and six months ended June 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 June 30, 2025 and December 31, 2024 are as follows (in thousands):June 30, 2025December 31, 2024Assets (1)Commercial real estate property, net$15,257,048 $15,327,542 Cash and restricted cash569,042 649,426 Tenant and other receivables, related party receivables, and deferred rents receivable702,422 621,748 Debt and preferred equity investments, net246,057 236,512 Right-of-use assets907,583 919,658 Other assets1,638,957 1,739,549 Total assets$19,321,109 $19,494,435 Liabilities and equity (1)Mortgages and other loans payable, net$12,318,975 $12,234,261 Deferred revenue897,575 956,217 Lease liabilities1,001,482 1,008,085 Other liabilities422,585 519,582 Equity4,680,492 4,776,290 Total liabilities and equity$19,321,109 $19,494,435 Company's investments in unconsolidated joint ventures$2,701,382 $2,690,138 (1)At June 30, 2025, $477.0 million of net unamortized basis differences between the amount at which our investments are carried and our share of equity in net assets of the underlying property will be amortized through equity in net income (loss) from unconsolidated joint ventures over the remaining life of the underlying items having given rise