SL Green Realty Corp. (NYSE: SLG) announced it has exceeded its initial $1 billion fundraising goal for the SLG Opportunistic Debt Fund. The Manhattan-based real estate investment trust received over $500 million in new commitments this week alone, with additional closings expected.

The fund attracted backing from global institutional investors including public pensions, insurance companies, and high-net-worth platforms. Harrison Sitomer, Chief Investment Officer at SL Green, stated the company has seen strong appetite for New York City investment from sophisticated domestic and international investors.

The SLG Opportunistic Debt Fund launched in 2024 and focuses on high-quality assets in New York City where traditional financing remains constrained. The fund provides flexible capital solutions to borrowers and lenders during what the company describes as improving leasing fundamentals and early stages of debt capital market recovery.

The fund will originate new loans and purchase existing loans, loan portfolios and controlling commercial mortgage-backed securities. It seeks to provide current income and capital appreciation through structured debt investments while maintaining focus on downside protection, according to the company.

SL Green describes itself as Manhattan's largest office landlord. As of June 30, 2025, the company held interests in 53 buildings totaling 30.7 million square feet, including ownership interests in 27.2 million square feet of Manhattan buildings and 2.7 million square feet securing debt and preferred equity investments.

The information is based on a company press release statement.