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NEW YORK CITY-SL Green Realty will earn $8.7 million, and receive a lump-sum payment of interest amounting to $692,000, on the early redemption of its $20 million preferred equity interest in the 1370 Avenue of the Americas building. Ownership was sold to a private investment group.

Over the last 15 months, SL Green is said to have carried out an aggressive program to enhance the value of the property.

A self-administered, self-managed real estate investment trust, the firm is the only publicly held REIT that acquires, owns and manages Manhattan office buildings.

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