SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 29, 2001
SL GREEN REALTY CORP.
(Exact name of Registrant as specified in its Charter)
Maryland
(State of Incorporation)
1-13199 13-3956775
(Commission File Number) (IRS Employer Id. Number)
420 Lexington Avenue 10170
New York, New York (Zip Code)
(Address of principal executive offices)
(212) 594-2700
(Registrant's telephone number, including area code)
Item 5. Other Events
On May 29, 2001, SL Green Realty Corp. ("SL Green") announced that it
has entered into a joint venture with respect to the ownership of its
interests in One Park Avenue with SITQ Immobilier, a subsidiary of Caisse de
depot et placement du Quebec, the largest pension fund in Canada with over Cdn
$125 billion in assets under management.
Under the terms of the joint venture, SITQ Immobilier has purchased a
45% interest in SL Green's interests in the property based upon a gross
aggregate price of $233.9 million and yielding proceeds of approximately $41.0
million, inclusive of closing costs and reimbursements. The transaction
enables SL Green to free up capital for additional high growth opportunities,
while enhancing the yield on its investment interests in One Park Avenue
through various fee arrangements with respect to the investment.
One Park Avenue is a 20-story office building with approximately
913,000 square feet located on the entire block front on Park Avenue between
32nd and 33rd Streets.
Item 7. Financial Statements and Exhibits
(b) Exhibits
99.1 Press release, dated May 29, 2001
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SL GREEN REALTY CORP.
By: /s/ Thomas E. Wirth
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Thomas E. Wirth
Executive Vice President, Chief Financial
Officer
Date: June 6, 2001