SL Green Realty Achieves Milestone With Early Completion Of One Madison Avenue, Receives $577.4M In Cash As Final Equity Payment From JV Partners
Portfolio Pulse from Benzinga Newsdesk
SL Green Realty has completed the One Madison Avenue project ahead of schedule and received a final equity payment of $577.4M from its joint venture partners.
September 28, 2023 | 5:41 am
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POSITIVE IMPACT
SL Green Realty's early completion of One Madison Avenue and receipt of a substantial final equity payment could positively impact its financial position.
The early completion of the project indicates efficient management and could lead to cost savings. The substantial final equity payment of $577.4M will likely improve the company's cash position and potentially its stock price in the short term.
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