Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 64

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 64
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 Real Estate60.00%2,314,000 One Vanderbilt Avenue (5)National Pension Service of Korea / Hines Interest LP60.01%1,657,198 Worldwide Plaza (2)RXR Realty / New York REIT24.95%2,048,725 1515 BroadwayAllianz Real Estate of America56.87%1,750,000 2 Herald Square (2)Israeli Institutional Investor95.00%369,000 115 Spring Street (2)Private Investor51.00%5,218 15 Beekman (5)A fund managed by Meritz Alternative Investment Management20.00%221,884 85 Fifth Avenue (6)Wells Fargo36.27%12,946 One Madison Avenue (7)National Pension Service of Korea / Hines Interest LP / International Investor25.50%1,048,700 220 East 42nd StreetA fund managed by Meritz Alternative Investment Management51.00%1,135,000 450 Park Avenue (8)Korean Institutional Investor / Israeli Institutional Investor25.10%337,000 245 Park AvenueU.S. Affiliate of Mori Trust Co., Ltd50.10%1,782,793 625 Madison Avenue (9)Private Investor90.93%563,000 (1)Economic interest represent the Company's interests in the joint venture as of March 31, 2025. Changes in ownership or economic interests within the current year are disclosed in the notes below.(2)Included in the Company's alternative strategy portfolio.(3)The joint venture owns a long-term leasehold interest in the retail space and certain other spaces at 1560 Broadway, which is adjacent to 1552 Broadway.(4)The joint venture owns a long-term leasehold interest in the retail space at 650 Fifth Avenue.(5)In 2020, the Company formed a joint venture, which then entered into a long-term sublease with the Company.(6)In March 2025, following an assessment of the investment for recoverability, the Company recorded a charge of $1.8 million, which is included in Equity in net loss from unconsolidated joint ventures in the consolidated statements of operations. In April 2025, the Company, together with its joint venture partner, sold the property for a gross asset valuation of $47.0 million.(7)In 2021, the Company admitted an additional partner to the development project with the