News: Brokerage

SLG names DiLiberto chief financial officer

According to SL Green Realty Corp. (SLG), Matthew DiLiberto has been named the company's chief financial officer, effective Jan. 1, 2015, when the employment agreement of the current CFO, James Mead, expires. Mead will be leaving to pursue other professional interests. DiLiberto has been with SL Green since 2004. Prior to this promotion, he has been the company's chief accounting officer and treasurer, overseeing its finance, accounting and corporate capital markets functions. Before joining the company, he served for four years as a controller and director of information management for Chelsea Property Group, which is now a division of Simon Property Group. He previously held positions at Vornado Realty Trust and at Coopers and Lybrand, LLP, the predecessor to PricewaterhouseCoopers, LLP. Marc Holliday, Chief Executive Officer of SL Green, commented, "We're very excited about promoting Matt to the CFO position. He has proven to be a great financial executive over the past 10 years, integral to the major capital markets activities of the Company, as we grew dramatically and broadened our operating platform after weathering a major economic recession. Matt will continue to manage our balance sheet in a prudent manner while allowing for further growth of the Company." Mr. Mead departs after overseeing SL Green's financial operations since late 2010. During his four-year tenure, SL Green actively participated in the capital markets and bolstered its overall financial strength, as illustrated by the fact that its debt has now received investment-grade ratings from leading ratings agencies. Also under Mr. Mead's financial leadership, the Company has delivered 86 percent in total return to shareholders, outperforming all major U.S office REITs while taking full advantage of market opportunities. Mr. Holliday said, "We are extremely grateful to Jim Mead for a job well done over the past four years. Speaking personally, I will miss his counsel and friendship. But when he indicated that he would like to relocate back to Chicago full-time for family reasons, I certainly understood and was supportive. All of us at SL Green wish him well in his next endeavors."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,