Longtime SL Green investment boss David Schonbraun is
stepping down from the company.
Manhattan’s largest office landlord announced today that Schonbraun, will be stepping down as chief investment officer by the end of the second quarter of 2021.
“It has been an incredible opportunity to lead SL Green’s
Investments team and work with Marc and Andrew over the last 19 years,” noted
Schonbraun, “but the time is right for me to pursue new challenges in today’s
evolving commercial real estate landscape.”
“David has been an integral member of SL Green for nearly
two decades, helping to grow the company, overseeing the debt and preferred
equity platform, and helping spearhead our industry-leading investment
strategy. His dedication has brought great value across the firm, and we thank
him for his years of service. From all of us at SL Green, we wish him well as
he pursues new opportunities,” said Marc Holliday, Chairman and CEO of SL Green
The REIT’s 2021 investment strategy, including asset sales
and joint ventures to fund its development pipeline in addition to stock
buybacks, asset purchases and DPE lending, will be collectively overseen by
Brett Herschenfeld, Robert Schiffer and Harrison Sitomer.
(Visited 1 times, 32 visits today)