Empire State Realty Trust, Inc. is a REIT focused on New York City, where it owns and operates a portfolio of office, retail, and multifamily assets. The company's properties are primarily located in Manhattan, including in major submarkets like the Penn Station/Times Square South area, Grand Central, and Columbus Circle, as well as in Williamsburg, Brooklyn. A key strategy for the company involves the redevelopment of acquired properties. Empire State Realty Trust is also a recognized leader in energy efficiency and indoor environmental quality.
Empire State Realty Trust has executed a strategy to sell its non-core suburban properties and recycle capital into New York City retail and office assets, while concurrently allocating capital to buy back shares. The company transitioned to a 100% New York City-focused portfolio following the disposition of its final suburban asset in late 2025.
The company is currently redeploying the proceeds from its late-2025 suburban dispositions into Brooklyn retail properties. Management has utilized a tax-efficient exchange structure for these transactions to avoid recognizing taxable gains.
**Acquisitions**
**Dispositions**
**Refinancings, new loans & other capital markets**
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