New York – January 3, 2011 – SL Green Realty Corp. (NYSE: SLG) announced today that David Schonbraun and Isaac Zion have been named as its Co-Chief Investment Officers. Mr. Schonbraun and Mr. Zion will be taking over the responsibilities from Andrew Mathias, who has been the Company’s Chief Investment Officer since 2004. Mr. Mathias will continue to serve as SL Green’s President.
SL Green President Andrew Mathias commented, “We are excited to announce these much-earned promotions. Together, Isaac and David have played a leadership role in our investment group for the past few years, and they have been responsible for several of the market’s most significant deals. Those deals have contributed substantially to the Company’s bottom line, while also cementing its leadership position in the New York commercial real estate market.”
Mr. Schonbraun, age 33, who joined SL Green in 2002, spearheads the Company’s structured finance investments and has played a senior role in debt and equity investments totaling over $20 billion. Most recently, he has been responsible for high-profile deals that have included the pending Three Columbus Circle investment, 510 Madison Avenue and 100 Church Street. A graduate of Princeton University, Mr. Schonbraun was a real estate investment banker at Credit Suisse First Boston before joining SL Green.
Mr. Zion, age 40, who joined SL Green in 2007, has been the lead on property acquisitions, dispositions, and joint ventures. Over his career, he has played a senior role in over $25 billion of investment activity, including some of New York City’s largest property transactions, and in over 10 million square feet of leasing. High-profile transactions over the past year including the sale of 1221 Avenue of the Americas and the acquisitions of 600 Lexington Avenue and 125 Park Avenue.
Prior to joining SL Green, Mr. Zion was a Managing Director for Tishman Speyer. He holds an MBA from New York University’s Stern School of Business and an undergraduate degree from Binghamton University. In addition, he currently is affiliated with the Real Estate Board of New York, the Urban Land Institute, and the David Rockefeller Fellows.
About SL Green Realty Corp.
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. SL Green is the only publicly held REIT that specializes in this niche. As of September 30, 2010, SL Green owned interests in 30 New York City office properties totaling approximately 22,324,460 square feet, making it New York’s largest office landlord. In addition, at September 30, 2010, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 366,312 square feet, three development properties encompassing approximately 399,800 square feet and two land interests, along with ownership interests in 31 suburban assets totaling 6,804,700 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
For SL Green:
Director, Investor Relations
SL Green Realty Corp.