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Elecor Properties, formerly Paramount Group Inc, is a fully integrated real estate investment trust (REIT). The company carries out owning, operating, managing, acquiring, and redeveloping high-quality office properties. Elecor Properties' services include asset management, leasing, acquisitions, redevelopment and financing. It manages property funds such as 1301 Avenue of the Americas, 712 Fifth Avenue, 900 Third Avenue, 31 West 52nd Street and 1600 Broadway. The company also provides leasing services to the tenant base including industries such as financial services, media and entertainment, consulting, legal and other professional services, technology and federal government agencies. Elecor Properties is headquartered in New York, the US.
Headquarters
United States of America
Address
1633 Broadway Ste 1801, New York, 10019-6748
Website
www.pgre.com
Telephone
1 212 2373100
No of Employees
316
Industry
Construction
Revenue (2024)
$757.5M
Elecor Properties premium industry data and analytics
Products and Services
| Services |
|---|
| Leasing Services |
| Real Estate Management Services |
| Investment Management Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Ownership Changes | In December, the company was acquired by Rithm Capital, a global alternative asset manager. |
| 2025 | Contracts/Agreements | In May, the company entered a 121,000 square foot, 16.5-year lease with Benesch, Friedlander, Coplan & Aronoff LLP at 1301 Avenue of the Americas, a 1.8 million square-foot Class A office building in Midtown Manhattan, New York, the US. |
| 2025 | Stake Sale | In May, the company sold a 25% stake in One Front Street. |
Competitor Comparison
| Key Parameters | Elecor Properties | Vornado Realty Trust | Highwoods Properties Inc | Empire State Realty Trust Inc | Agree Realty Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | New York | New York | Raleigh | New York City | Royal Oak |
| State/Province | New York | New York | North Carolina | New York | Michigan |
| No. of Employees | 316 | 3,145 | 315 | 642 | 90 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Albert Behler | Chief Executive Officer; Chairman; President | Executive Board | 2014 | 73 |
| Ermelinda Berberi | Executive Vice President; Chief Accounting Officer | Senior Management | 2017 | 44 |
| Peter Brindley | Executive Vice President; Head - Real Estate | Senior Management | 2021 | 48 |
| Timothy Dembo | Senior Vice President; Secretary; General Counsel | Senior Management | 2025 | - |
| Greg Wright | Director | Non Executive Board | 2020 | 60 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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