SL GREEN, STONEHENGE TO ACQUIRE NYC PORTFOLIO FOR $416M

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NEW YORK CITY — SL Green Realty Corp. has formed a venture with Stonehenge Partners to acquire eight retail and multifamily properties in New York City for $416 million. Stonehenge will reposition and manage the residential portion of the portfolio. The full portfolio includes 724 Fifth Ave., 752 Madison Ave., 19-21 East 65th St., 762 Madison Ave., 44 W. 55th St., 400 E. 57th St. and 400 E. 58th St. FTI Consulting advised SL Green and Stonehenge in the transaction. The deal is expected to close in first quarter 2012.

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