Paramount Group is a real estate investment trust (REIT) firm that is headquartered in New York City. The company was incorporated in April 2014 and owns, operates and manages Class A offices. The properties owned and operated by the company are some of the most sought after addresses in the areas of New York, San Francisco, California and in Washington, D. C.
The company continues its operations primarily through its subsidiary, the Paramount Group Operating Partnership LP. In addition to owning and managing office properties, the company is also engaged in investment management business. It works with high net worth individuals and institutional investors as property manager and general partner or private equity real estate funds. The company remains publicly traded with its common stocks listed on the New York Stock Exchange, using the symbol PGRE.
As of December 2014, the company has about 10.4 million square feet of leasable office space. 93% of the company’s properties is already leased by some of the biggest names in a wide range of industries. The tenants of the company include businesses from the professional services, media, financial and legal industries. Some of the biggest client partners of the company are the Bank of America Corporation, Allianz Global Investors, LP; Credit Agricole Corporate, Barclays Capital, Inc. and Clifford Chance LLP. There are several businesses that operate under the flagship banner of Paramount Group. Together, these subsidiaries provide the best in class office spaces in the country.
Paramount Group takes pride of their core values of integrity and transparency. Excellence has always been the signature of the business, which catapulted them at the forefront of the real estate industry. The business operates under its tag line, “Committed to building success from the ground floor up.”
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