SL Green Completes $2.1 Billion of Debt Refinancings - Seite 2

In connection with the closing of the sale, the Company will repay the existing $50.0 million mortgage for $32.0 million.

• Palisades Premier Conference Center: The Company has entered into a contract to sell the Palisades Premier Conference Center for $26.25 million. The Company took control of the property in July 2023 in partial satisfaction of a legal judgment it received against an affiliate of HNA. The sale is expected to close in the second quarter of 2024 and generate net proceeds of $20.0 million.
  

“We are working diligently to execute our very ambitious 2024 business plan, which includes strategic asset sales and the extension of our debt maturity profile. Our reputation as a best-in-class owner/operator of New York City commercial properties with a strong balance sheet has allowed us to work with our extraordinary partners in the lending community to execute this plan amid the backdrop of a challenging credit market,” said Harrison Sitomer, Chief Investment Officer of SL Green.

About SL Green Realty Corp.
SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of March 31, 2024, SL Green held interests in 57 buildings totaling 32.4 million square feet. This included ownership interests in 28.7 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

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