M&A Deal Summary

SL Green Acquires Reckson Associates Realty

On January 25, 2007, SL Green acquired real estate company Reckson Associates Realty for 4.0B USD

Acquisition Highlights
  • This is SL Green’s 1st transaction in the Real Estate sector.
  • This is SL Green’s largest (disclosed) transaction.
  • This is SL Green’s 1st transaction in the United States.
  • This is SL Green’s 1st transaction in New York.

M&A Deal Summary

Date 2007-01-25
Target Reckson Associates Realty
Sector Real Estate
Buyer(s) SL Green
Deal Type Add-on Acquisition
Deal Value 4.0B USD

Target

Reckson Associates Realty

White Plains, New York, United States
website
Reckson Associates Realty Corp., a real estate investment company.

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Buyer(S) 1

Buyer

SL Green

New York, New York, United States

website


Category Company
Sector Real Estate
Employees794
Revenue 827M USD (2022)
DESCRIPTION

SL Green is a real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2014, SL Green held interests in 94 Manhattan buildings totaling 44.9 million square feet. This included ownership interests in 28.0 million square feet of commercial buildings and debt and preferred equity investments secured by 16.9 million square feet of buildings. In addition to its Manhattan investments, SL Green held ownership interests in 35 suburban buildings totaling 5.9 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey. SL Green is based in New York, New York.


DEAL STATS #
Overall 1 of 3
Sector (Real Estate) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (New York) 1 of 2
Country (United States) 1 of 3
Year (2007) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 South Office Buildings

United States

South Office Buildings are 635 Sixth Avenue and 641 Sixth Avenue.The two adjoining properties, built in 1902 originally as a contiguous department store. 635 Sixth Avenue is a 104,000 square foot building and 641 Sixth Avenue, is a 163,000 square foot, fully renovated, multi-tenanted office building.

Buy $173M