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Stephen L. Green
Since founding SL Green Properties in 1980, Stephen Green has been involved in the acquisition of over 75 Manhattan office buildings containing in excess of 50 million square feet of space.
Mr. Green launched his career in commercial real estate in 1980 when he began purchasing older, underperforming loft buildings. By injecting fresh capital into these properties, he was able to create new value in buildings with architectural integrity, and at the same time offer tenants a real alternative to higher priced Class A office towers.
When the New York office market rebounded in the mid 1990’s, Mr. Green formed the first public REIT to focus solely on New York City, and aggressively expanded his portfolio.
Since its IPO in 1997, SL Green has experienced remarkable growth. When the firm went public, SL Green Realty Corp. owned 6 properties comprising 1.2 million square feet, and had a market capitalization of $258 million. Today, the company is Manhattan’s largest owner of office buildings, with owned interests in more than 85 Manhattan properties totaling more than 40 million square feet. This includes ownership interests in approximately 25 million square feet of commercial properties and debt and preferred equity investments secured by approximately 14 million square feet of properties.
Mr. Green received his BA from Hartwick College in 1959, and earned his JD from Boston College Law School in 1962. He later attended New York University Law School’s Graduate Tax Program, and went on to practice trial law for five years. Mr. Green is member of the Board of Governors and the Executive Committee of the Real Estate Board of New York. He is also on the Board of Directors of Street Squash, an urban youth enrichment program providing academic tutoring and squash instruction, and a member of the US Squash 1904 Legacy Society.
Steve and his wife Nancy Green are active philanthropists contributing to many worthy endeavors, including the Children’s Tumor Foundation, Nicklaus Children’s Foundation and Hospital, City Meals on Wheels, Big Apple Circus, The Buoniconti Fund, Els For Autism, The New York City Ballet, The School of American Ballet, The Metropolitan Opera, Smile Train, Wounded Warriors, Starlight Children’s Foundation, and many more.
Mr. Green maintains an endowment for the New York-Presbyterian Global Prostate Cancer Research Center and Hartwick College, where he also funds the Stephen L. Green Governance Award, an essay contest that awards cash scholarships to the winners.