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
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

Category Company
Founded 1980
Sector Real Estate
Employees1,221
Revenue 886M USD (2024)
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. SL Green was founded in 1980 and is based in New York, New York.


DEAL STATS #
Overall 1 of 3
Sector: Real Estate M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: New York M&A 1 of 2
Country: United States M&A 1 of 3
Year: 2007 M&A 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