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Sl Green Announces Closing Of 450 Park Avenue Acquisition In Newly Formed Joint Venture

PUBLIC · SLGJun 29, 2022

Acquiring Company

SL Green Realty Corp

Acquired Company

Oxford Properties Group

New YorkTorontoReal EstateReal Estate InvestmentProperty ManagementCommercial Real EstateReal EstateReal Estate Investment

Description

SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office 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.

Quick answer

SL Green Realty Corp is acquiring Oxford Properties Group, announced June 29, 2022. SL Green Realty Corp is based in New York, New York, United States.

How much did SL Green Realty Corp pay for Oxford Properties Group?
The deal value was not disclosed.
What does SL Green Realty Corp do?
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 value of Manhattan commercial..
Where are SL Green Realty Corp and Oxford Properties Group based?
SL Green Realty Corp is based in New York, New York, United States. Oxford Properties Group is based in Toronto, Ontario, Canada.

Source: Fundz verified event record.

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Company Information

Company

SL Green Realty Corp

Location

New York, New York, United States

About

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 value of Manhattan commercial properties. As of September 30, 2023, SL Green held interests in 59 buildings totaling 32.5 million square feet. This included ownership interests in 28.8 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

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Frequently asked

Who acquired Oxford Properties Group?

Oxford Properties Group was acquired by SL Green Realty Corp, based in New York. The deal was reported on June 29, 2022. SL Green Realty Corp is publicly traded (SLG) and operates in Real Estate.

When did SL Green Realty Corp acquire Oxford Properties Group?

SL Green Realty Corp's acquisition of Oxford Properties Group was reported on June 29, 2022. SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that it closed on the previously announced acquisition of 450 Park Avenue in a newly formed joint venture. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Oxford Properties Group do?

Oxford Properties Group is a global real estate investor, developer, and manager. The company is known for its extensive portfolio of commercial and residential properties. It operates in various markets worldwide and focuses on high-quality assets. It is privately held, operating in Real Estate, and is based in Toronto.

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