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Stock impact report

SL Green Announces Closing Of 450 Park Avenue Acquisition In Newly Formed Joint Venture [TheStreet.com]

SL Green Realty Corp (SLG) 
Last sl green realty corp earnings: 4/22 05:01 pm Check Earnings Report
US:NYSE Investor Relations: slgreen.gcs-web.com/investor-relations
Company Research Source: TheStreet.com
landlord, today announced that it closed on the previously announced acquisition of 450 Park Avenue in a newly formed joint venture. The ownership group consists of institutional investors from South Korea and Israel. SL Green retained a 25.1 percent interest in the property and will oversee leasing and management of the property on behalf of the partnership. "The international demand to partner with us on the acquisition of 450 Park Avenue demonstrates that New York City continues to maintain its position as one of the most sought-after real estate markets and a safe haven for long-term capital deployment," said Harrison Sitomer, Chief Investment Officer of SL Green. "The acquisition of this world-class asset is a meaningful enhancement to our growing investment management platform." The partnership financed the acquisition with a $267.0 Million senior mortgage financing provided by a bank group led by Wells Fargo Bank, N.A. Located at the prestigious corner of 57th Street and Par Show less Read more
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