SL Green Realty Corp. Joins Federal Home Loan Bank of New York


SL Green Realty Corp. (NYSE:SLG), an S&P 500 company and New York City’s

largest commercial property owner, today announced that Belmont

Insurance Company (“Belmont”), a New York licensed captive insurance

company, its wholly-owned subsidiary, became a member of the Federal

Home Loan Bank of New York (“FHLBNY”). Belmont is the first captive

insurance company to gain membership in the FHLBNY cooperative.

Members have access to a wide variety of flexible, low-cost funding

through FHLBNY’s credit products, enabling members to customize

advances, interest rates and match asset and liability terms. Eligible

collateral to pledge to FHLBNY includes residential, multi-family and

commercial mortgage loans, mortgage backed securities, and US Treasury

and Agency securities.

“We are delighted to become a member of the Federal Home Loan Bank of

New York and appreciate the bank’s commitment on this ground breaking

step in accepting its first captive member,” said Matt DiLiberto, Chief

Financial Officer of SL Green. Mr. DiLiberto continued, “Access to the

diverse array of credit products that the FHLBNY provides further

expands our already robust access to liquidity and provides an

alternative means to efficiently finance the debt and preferred equity

platform, as necessary, on flexible terms at an attractive cost of


About SL Green Realty Corp.

SL Green Realty Corp., an S&P 500 company and New York City’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 June 30, 2015, SL Green

held interests in 120 Manhattan buildings totaling 44.1 million square

feet. This included ownership interests in 29.0 million square feet of

commercial buildings and debt and preferred equity investments secured

by 15.1 million square feet of buildings. The company has an ownership

interest in 3,143 residential units in New York City, with several loans

also held on residential/multi-family projects in the debt and preferred

equity platform. In addition to its Manhattan investments, SL Green held

ownership interests in 37 suburban buildings totaling 5.9 million square

feet in Brooklyn, Long Island, Westchester County, Connecticut and New

Jersey. For more information, please visit:


SL Green Realty Corp.
Matt DiLiberto
Chief Financial Officer

Senior Vice President

Source: SL Green Realty Corp.

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