SL Green eyes $2.5B in property sales
Top Manhattan office landlord SL Green is turning into a seller as interest rates remain burdensome and a dividend cut looms. Marc Holliday’s firm is looking to unload nine properties in the borough, Crain’s reported. The revelation came in a recent investor presentation, where Chief Financial Officer Matthew DiLiberto said the company was “selling assets [and] losing [income] to fight against interest rates that are too high.” That doesn’t necessarily mean SL Green is done buying. Though it is seeking to unload roughly $2.5 billion of property, the company also plans to make $1 billion worth of acquisitions, according to […]
This article originally appeared on The Real Deal. Click here to read the full story.
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