SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. The company's predecessor, S.L. Green Properties, Inc., was formed in 1980 by Stephen L. Green.In 1997, the company was formed as a successor.In November 2004, the company sold The Knickerbocker Hotel (Manhattan) for $160 million.In 2005, the company acquired the Metropolitan Life Insurance Company Tower for $916 million and converted the building into condominiums.In 2006, the company acquired Reckson Associates in a $4 billion transaction.In December 2007, the company acquired 388 Greenwich Street from Citigroup in a leaseback transaction.
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