Longtime SL Green investment boss David Schonbraun is stepping down from the company.
Manhattan’s largest office landlord announced today that Schonbraun, will be stepping down as chief investment officer by the end of the second quarter of 2021.
“It has been an incredible opportunity to lead SL Green’s Investments team and work with Marc and Andrew over the last 19 years,” noted Schonbraun, “but the time is right for me to pursue new challenges in today’s evolving commercial real estate landscape.”
“David has been an integral member of SL Green for nearly two decades, helping to grow the company, overseeing the debt and preferred equity platform, and helping spearhead our industry-leading investment strategy. His dedication has brought great value across the firm, and we thank him for his years of service. From all of us at SL Green, we wish him well as he pursues new opportunities,” said Marc Holliday, Chairman and CEO of SL Green Realty Corp.
The REIT’s 2021 investment strategy, including asset sales and joint ventures to fund its development pipeline in addition to stock buybacks, asset purchases and DPE lending, will be collectively overseen by Brett Herschenfeld, Robert Schiffer and Harrison Sitomer.