Office landlord SL Green Realty Corp. announced Friday it has closed a $1.3 billion oversubscribed fund, a massive haul aimed squarely at seizing opportunities across New York City’s fast-shifting debt landscape. The raise, exceeding its original $1 billion target, signals a renewed appetite for urban real estate risk—and a belief that Manhattan’s comeback story is gaining momentum.
Investors Worldwide Pile Into the SLG Opportunistic Debt Fund
According to the company’s statement, the SLG Opportunistic Debt Fund attracted institutional capital from North America, Europe, Asia and the Middle East. The demand pushed the fund past expectations and gave SL Green fresh firepower to engage in the kinds of sophisticated financial maneuvers that populate the upper floors of Manhattan’s investment world.
SL Green also said it secured additional partnership capital designed to support larger and more intricate transactions, aligning with the fund’s strategy of tackling complex opportunities in the New York market.
