Chief Financial Officer, Agree Realty
Search every verified Matthew Diliberto interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Matthew DiLiberto, CFO of SL Green Realty Corp., said in an April 2025 interview at Nareit's REITwise conference that the company has "pivoted to offense" and sees an "extraordinary amount of opportunity" in the current market environment. He stated that "dislocation and uncertainty breeds opportunity" and that the opportunity set for investing in real estate, joint ventures, or through the capital stack "continues to actually grow." DiLiberto noted that SL Green focuses on New York City office investments and uses a platform that can invest in "different ways" that others may not consider. DiLiberto also discussed the challenges of these transactions, including the need to find capital from international institutions, which he described as a "24/7 operation" requiring frequent international travel. He highlighted the complexity of accounting for debt investments, noting that depending on the structure, the company may generate income through interest income, reduced interest expense, or consolidate debt stacks onto its balance sheet. DiLiberto added that while SL Green has been doing this for 25 years, the current environment continues to present "new hurdles."
“The recent dislocation and uncertainty breeds opportunity. So as we look at investing either direct in real estate, through joint ventures or more uniquely through the capital stack, the opportunity set continues to actually grow.”
“We pivoted to offense. We saw a huge opportunity set and the recent dislocation and uncertainty breeds opportunity.”
“We pride ourselves on investing in unique ways. We're not very down the middle. We do a lot of joint ventures, we do invest through the debt stacks and the current environment which seems to be changing by the minute provides an extraordinary amount of opportunity coming into the year.”
“We are specific to New York City and generally invest in office and with the pricing dislocation that comes, we can find opportunities because we have a platform that can invest in different ways.”
“You're going to have to find the capital. We have a substantial amount of liquidity and a great balance sheet to invest on our own. But we believe in investing with partners that will enhance our returns and look to us as the operating investment manager.”
“Seeking that capital primarily from international institutions is a 24/7 operation. We travel internationally quite a bit to go seek out that capital.”
“The accounting considerations are not any less complicated. When you're doing straight real estate investing, those rules are fairly well understood. The debt investments, depending on where you are in the stack and how much control you have, you can end up with varying types of accounting both on your balance sheet an...”
“Sometimes you're generating income through interest income. Sometimes it's reduced interest expense. Sometimes you're consolidating debt stacks that you actually don't have anything to do with and you bring those things on your balance sheet. So, it's a pretty complicated world to dive into.”
Matthew DiLiberto, CFO at SL Green Realty Corp. (NYSE: SLG), sat down for a video interview at Nareit's REITwise: 2025 Law, ...
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