Investment Thesis
To those who don't like complicated speculative situations, SL Green Realty (SLG) offers a straightforward but compelling investment idea. The company describes itself as the "New York City's largest office landlord" and operates as a REIT, focusing on the acquisition and management of Manhattan properties. SLG portfolio is constituted almost exclusively by A-rated, high-quality assets. Some of these are NYC landmarks such as 125 Park Avenue, 220 East 42nd Street, and 420 Lexington Avenue (pics below).
Source: SL Green website
Nobody dislikes owning stunning properties in great locations. To produce above-average