NYSE:SLGOffice REITs
Is Vision Capital’s Full Exit from SL Green (SLG) Altering The Investment Case For NYC Offices?
In the past quarter, Toronto-based Vision Capital Corp fully exited its position in SL Green Realty, selling 330,000 shares worth about US$20.43 million, even as the New York City office market shows signs of improvement.
This wholesale withdrawal by a major holder, despite reported leasing progress and portfolio stabilization, underscores lingering investor unease around office demand and refinancing exposure for Manhattan’s largest office landlord.
We’ll now examine how a large...