SL Green Realty Corp. Announces the Departure of Chief Investment Officer David Schonbraun
May 13 2021 - 2:00PM
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office
landlord, today announced that David Schonbraun, Chief Investment
Officer, will be leaving the company by the end of the second
quarter of 2021.
“It has been an incredible opportunity to lead SL Green’s
Investments team and work with Marc and Andrew over the last 19
years,” noted Schonbraun, “but the time is right for me to pursue
new challenges in today’s evolving commercial real estate
landscape.”
“David has been an integral member of SL Green for nearly two
decades, helping to grow the company, overseeing the debt and
preferred equity platform, and helping spearhead our
industry-leading investment strategy. His dedication has brought
great value across the firm, and we thank him for his years of
service. From all of us at SL Green, we wish him well as he pursues
new opportunities,” said Marc Holliday, Chairman and CEO of SL
Green Realty Corp.
The Company’s ambitious 2021 investment strategy, including
asset sales and joint ventures to fund SL Green’s world-class
development pipeline in addition to stock buybacks, asset purchases
and DPE lending, will be collectively overseen by Brett
Herschenfeld, Robert Schiffer and Harrison Sitomer.
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 value of
Manhattan commercial properties. As of March 31, 2021, SL Green
held interests in 84 buildings totaling 37.8 million square feet.
This included ownership interests in 28.3 million square feet of
Manhattan buildings and 8.7 million square feet securing debt and
preferred equity investments.
Forward Looking Statement
This press release includes certain statements that may be
deemed to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995 and are intended
to be covered by the safe harbor provisions thereof. All
statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that we expect, believe or anticipate will or may occur in the
future, are forward-looking statements. Forward-looking statements
are not guarantees of future performance and actual results or
developments may differ materially, and we caution you not to place
undue reliance on such statements. Forward-looking statements are
generally identifiable by the use of the words “may,” “will,”
“should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,”
“project,” “continue,” or the negative of these words, or other
similar words or terms.
Forward-looking statements contained in this press release are
subject to a number of risks and uncertainties, many of which are
beyond our control, that may cause our actual results, performance
or achievements to be materially different from future results,
performance or achievements expressed or implied by forward-looking
statements made by us. Factors and risks to our business that could
cause actual results to differ from those contained in the
forward-looking statements include risks and uncertainties related
to the on-going COVID-19 pandemic and the duration and impact it
will have on our business and the industry as a whole and the other
risks and uncertainties described in our filings with the
Securities and Exchange Commission. Except to the extent required
by law, we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of future events,
new information or otherwise.
SLG – GEN
Matt DiLibertoChief Financial Officer212.594.2700
SL Green Realty (NYSE:SLG)
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