Meeting Summary

Investment Committee - May 24, 2017

50 Hudson Yards Joint Venture

Oxford sought the approval of the Investment Committee to proceed with entering into a joint venture with Mitsui Fudosan America and The Related Companies to develop 50 Hudson Yards, a 58-storey, 2.96 million square foot premier office tower.

Following a presentation and question/discussion period, the Investment Committee approved the transaction.

In a press release issued September 5, 2017, The Related Companies announced The Related Companies, Mitsui Fudosan America, Inc. and Oxford Properties Group’s closing of the $3.8 billion financing of 50 Hudson Yards.