STEPHEN L. GREEN
Chairman of the Board
Since founding SL Green Properties in 1980, Stephen L. Green has been involved in the acquisition of over 125 properties containing in excess of 65 million rentable square feet. Mr. Green launched his career in New York commercial real estate by purchasing older, underperforming loft buildings in Manhattan. He created new value in the properties by injecting fresh capital, renovating them while protecting architectural integrity, and providing tenants with a compelling alternative to higher priced Class A office towers.
During the mid-1990s, as the New York office market began to rebound from the market downturn of the previous decade, Mr. Green recognized that well-capitalized investors could take advantage of the recovery. He moved forward to form the first public REIT that would be focused solely on New York City commercial real estate, and began to aggressively expand the portfolio to include newer and larger office properties.
Since its 1997 IPO on the New York Stock Exchange, SL Green Realty Corp. has experienced remarkable growth. When the firm went public, the portfolio consisted of six properties totaling 1.2 million square feet, and had an equity market capitalization of approximately $210 million. Today, SL Green is an S&P 500 company and New York City's largest office landlord, with an equity market capitalization of approximately $11 billion, with interests in 125 Manhattan buildings totaling 46.6 million square feet. This includes ownership interests in 28.1 million square feet of commercial buildings and debt and preferred equity investments secured by 18.6 million square feet of buildings. In addition, SL Green holds ownership interests in 30 suburban buildings totaling 4.8 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey.
Mr. Green is a member of the Board of Governors and the Executive Committee of the Real Estate Board of New York. He also serves on the Board of Directors of Street Squash, an urban youth enrichment program providing academic tutoring and squash instruction, and was the lead donor for the $9 million SL Green StreetSquash Center in Harlem.
An avid squash player for many years, he was ranked #2 in the nation in the U.S. Squash Racquets Association’s senior division in 1986 and 1989. He represented the United States in the 1985 and 1989 Maccabiah Games in Israel, winning a bronze medal in 1985.
Mr. Green received his Bachelor of Arts 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 tax law and criminal trial law for five years. Subsequently, Mr. Green founded a manufacturing business with factories in Hong Kong and South Korea, exporting products to the U.S. That business was sold to the Gillette Company in 1972. His real estate career began with waterfront properties in Siesta Key, Florida, and he then moved to his hometown of New York City where he is now permanently based.