XML 25 R10.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Balance Sheets (Partnership) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Commercial real estate properties, at cost:    
Land and land interests $ 1,134,432 $ 1,092,671
Building and improvements 3,743,316 3,655,624
Building leasehold and improvements 1,365,423 1,354,569
Total commercial real estate properties, at cost 6,243,171 6,102,864
Less: accumulated depreciation (2,041,102) (1,968,004)
Total commercial real estate properties, net 4,202,069 4,134,860
Assets held for sale 21,615 0
Cash and cash equivalents 199,501 221,823
Restricted cash 116,310 113,696
Investments in marketable securities 16,593 9,591
Tenant and other receivables 41,202 33,270
Related party receivables 8,127 12,168
Deferred rents receivable 266,596 264,653
Debt and preferred equity investments, net of discounts and deferred origination fees of $1,618 and $1,630 and allowances of $13,520 and $13,520 in 2024 and 2023, respectively 290,487 346,745
Investments in unconsolidated joint ventures 2,895,399 2,983,313
Deferred costs, net 107,163 111,463
Right-of-use assets - operating leases 875,878 885,929
Other assets 507,712 413,670
Total assets [1] 9,548,652 9,531,181
Liabilities    
Mortgages and other loans payable, net 1,644,494 1,491,319
Revolving credit facility, net 535,462 554,752
Unsecured term loans, net 1,245,786 1,244,881
Unsecured notes, net 99,846 99,795
Accrued interest payable 20,083 17,930
Other liabilities 423,816 471,401
Accounts payable and accrued expenses 121,050 153,164
Deferred revenue 153,660 134,053
Lease liability - financing leases 106,187 105,531
Lease liability - operating leases 819,439 827,692
Dividend and distributions payable 20,088 20,280
Security deposits 58,002 49,906
Liabilities related to assets held for sale 10,424 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 5,358,337 5,270,704
Commitments and contingencies
Preferred units 166,731 166,501
SLGOP partners' capital:    
Accumulated other comprehensive income 40,371 17,477
Total liabilities and equity 9,548,652 9,531,181
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,134,432  
Building and improvements 3,743,316  
Building leasehold and improvements 1,365,423  
Total commercial real estate properties, at cost 6,243,171 6,102,864
Less: accumulated depreciation (2,041,102) (1,968,004)
Total commercial real estate properties, net 4,202,069 4,134,860
Assets held for sale 21,615 0
Cash and cash equivalents 199,501 221,823
Restricted cash 116,310 113,696
Investments in marketable securities 16,593 9,591
Tenant and other receivables 41,202 33,270
Related party receivables 8,127 12,168
Deferred rents receivable 266,596 264,653
Debt and preferred equity investments, net of discounts and deferred origination fees of $1,618 and $1,630 and allowances of $13,520 and $13,520 in 2024 and 2023, respectively 290,487 346,745
Investments in unconsolidated joint ventures 2,895,399 2,983,313
Deferred costs, net 107,163 111,463
Right-of-use assets - operating leases 875,878 885,929
Other assets 507,712 413,670
Total assets [2] 9,548,652 9,531,181
Liabilities    
Mortgages and other loans payable, net 1,644,494 1,491,319
Revolving credit facility, net 535,462 554,752
Unsecured term loans, net 1,245,786 1,244,881
Unsecured notes, net 99,846 99,795
Accrued interest payable 20,083 17,930
Other liabilities 423,816 471,401
Accounts payable and accrued expenses 121,050 153,164
Deferred revenue 153,660 134,053
Lease liability - financing leases 106,187 105,531
Lease liability - operating leases 819,439 827,692
Dividend and distributions payable 20,088 20,280
Security deposits 58,002 49,906
Liabilities related to assets held for sale 10,424 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities 5,358,337 5,270,704 [2]
Commitments and contingencies
Limited partner interests in SLGOP (4,299 and 3,949 limited partner common units outstanding at June 30, 2024 and December 31, 2023, respectively) 265,823 238,051
Preferred units 166,731 166,501
SLGOP partners' capital:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2024 and December 31, 2023 221,932 221,932
SL Green partners' capital (691 and 687 general partner common units and 64,123 and 64,039 limited partner common units outstanding at June 30, 2024 and December 31, 2023, respectively) 3,428,993 3,546,906
Accumulated other comprehensive income 40,371 17,477
Total SLGOP partners' capital 3,691,296 3,786,315
Noncontrolling interests in other partnerships 66,465 69,610
Total capital 3,757,761 3,855,925
Total liabilities and equity $ 9,548,652 $ 9,531,181
[1]
(1) The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $104.1 million and $41.2 million of land, $65.2 million and $40.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $1.6 million and $5.4 million of accumulated depreciation, $783.2 million and $676.9 million of other assets included in other line items, $204.3 million and $50.0 million of real estate debt, net, $0.9 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, and $328.9 million and $306.5 million of other liabilities included in other line items as of June 30, 2024 and December 31, 2023, respectively.
[2]
(1) The Operating Partnership's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $104.1 million and $41.2 million of land, $65.2 million and $40.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $1.6 million and $5.4 million of accumulated depreciation, $783.2 million and $676.9 million of other assets included in other line items, $204.3 million and $50.0 million of real estate debt, net, $0.9 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, and $328.9 million and $306.5 million of other liabilities included in other line items as of June 30, 2024 and December 31, 2023, respectively.