Paramount Group, Inc. Overview
Pro stress-test →Paramount Group is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. The company was acquired by Rithm Capital on December 19, 2025, adding Paramount's portfolio of 13 owned and 4 managed Class A office assets totaling more than 13.1 million square feet.
Strategic Profile
Pro stress-test →Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. The company achieved notable operational success, including a $900 million refinancing of its flagship 1301 Avenue of the Americas property with a 6.39% fixed rate, supported by strong leasing performance with over 97% leased occupancy.
Competitive Landscape
Pro stress-test →Paramount competes with other Class A office REITs focused on major U.S. metropolitan markets. Competitors include Piedmont Realty Trust, Douglas Emmett, and Hudson Pacific Properties. The sector faces structural challenges from hybrid work trends, but prime Manhattan and San Francisco locations provide competitive moats. Integration into Rithm enhances operational scale.
Industry Context
Paramount Group, Inc. operates in Real Estate Investment Trust (Office REIT).
Key facts
Headquarters: New York City, USA · Revenue: $760M · Market cap: $1.46B