Company: SLG-PI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001040971-25-000010
Chunk: 83

Company: SL GREEN REALTY CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 83
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 for loan loss— 6,890 — Balance at end of period$13,520 (1)$13,520 (1)$6,630 (1)As of December 31, 2024, all financing receivables on non-accrual had an allowance for loan loss except for one debt investment with a carrying value of $53.5 million, which is included in the Company's alternative strategy portfolio.As of December 31, 2024, one investment, which is fully reserved, was not performing in accordance with its respective terms. As of December 31, 2023, two investments with a carrying value, net of reserves, of $49.8 million were not performing in accordance with their respective terms. This is further discussed in the Debt Investments and Preferred Equity Investments tables below.No other financing receivables were 90 days past due as of December 31, 2024 and December 31, 2023.The following table sets forth the carrying value of our debt and preferred equity investment portfolio by risk rating as of December 31, 2024 and 2023 (dollars in thousands):Risk RatingDecember 31, 2024December 31, 20231 - Low Risk Assets - Low probability of loss$156,720 $210,333 2 - Watch List Assets - Higher potential for loss (1)147,006 136,412 3 - High Risk Assets - Loss more likely than not— — $303,726 $346,745 (1)Includes two investments with a total carrying value of $53.5 million that are included in the Company's alternative strategy portfolio.The following table sets forth the carrying value of our debt and preferred equity investment portfolio by year of origination and risk rating as of December 31, 2024 (dollars in thousands):As of December 31,Risk Rating2024(1)2023(1)2022(1)Prior(1)(2)Total1 - Low Risk Assets - Low probability of loss$— $— $— $156,720 $156,720 2 - Watch List Assets - Higher potential for loss— — — 147,006 (3)147,006 3 - High Risk Assets - Loss more likely than not— — — — — $— $— $— $303,726 $303,726