The Real Deal New York

REIT execs rake it in

NYC-focused real estate investment trusts reward top management for successes

June 30, 2015 10:30AM
By Rey Mashayekhi

From left: Owen Thomas and Steven Roth

From left: Owen Thomas and Steven Roth

From the June issue: From SL Green securing TD Bank as anchor tenant at its planned One Vanderbilt office tower to Vornado Realty Trust using the proceeds from its $605 million sale of 1740 Broadway to acquire the St. Regis Hotel’s retail condo, 2014 was an active, and lucrative, year for the city’s largest real estate investment trusts chair — and their top brass was rewarded handsomely in return.

The top executives at three of New York’s most prominent commercial REITs —SL Green, Vornado and Boston Properties — saw total compensation jump almost 14 percent year-over-year in 2014, according to filings with the Securities and Exchange Commission submitted last month. [more]