100% Renewable Wind Energy
Entire portfolio is 100% powered by renewable wind energy and is the nation’s largest 100% user of green power in real estate per the EPA
Fitwel Champion
89% of Manhattan portfolio is certified a rigorous third-party building certification system that supports healthier workplace environments to help improve occupant health and productivity
GRESB 5 Star Rating
Achieved GRESB 5 Star Rating, Green Star Recognition for the second consecutive year with a score of 95
WELL Health-Safety rating
First commercial portfolio in the Americas to achieve the WELL Health-Safety rating, an evidence based third-party verified rating of the health and safety policies and protocols for new and existing buildings
9.3 Million Square Foot Office & Retail Portfolio
Fully modernized, energy efficient with Indoor Environmental Quality leadership centrally located near mass transit
Manhattan portfolio value proposition
Substantially lower price point versus rents for new construction/aged Class A properties, and offer much more value than Class B properties
$1.2 Billion of Liquidity
Comprised of $315M cash plus $850M undrawn capacity on revolving credit facility
$66 Million Contracted Initial Cash Revenues
From signed leases that have not yet commenced and burn off of free- rent through 2027
Upside from Observatory performance restoration
Pre-COVID, Observatory generated $129 million in annual revenue