Subsidy Tracker: Industry Summary Page

Major Industry: 
real estate
Subsidy Total: 
$6,466,704,068
Number of Awards: 
560
Time Period: 

Earliest year of data: 1986. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this industry are for the period since 2011.

Notes: 

The dollar total above adjusts for the fact that there is an overlap between the amounts in one or more Megadeal entries and those of one or more of the other entries. The total includes only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. Dollar totals do not include awards for which no subsidy value is disclosed.


Top 10 Parent CompaniesTotal Subsidy $Number of Awards
Forest City Enterprises$984,244,83773
Pyramid Companies$874,826,85367
Triple Five Worldwide$748,000,0003
Sagamore Development$660,000,0001
Bedrock Detroit$618,000,0001
McEagle Properties$430,650,0005
Starwood Property Trust$300,000,0001
Simon Property Group$187,000,0001
AvalonBay Communities$173,764,24076
Cortex Innovation Community$158,200,0001


Individual Subsidy Records:

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Company Parent Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
Sagamore Development Sagamore Development Maryland local 2016 $660,000,000 MEGADEAL
Bedrock Detroit Bedrock Detroit Michigan state 2018 $618,000,000 MEGADEAL
Pyramid Companies Pyramid Companies New York multiple 2002 $600,000,000 MEGADEAL
Forest City Covington Forest City Enterprises New Mexico local 2007 $500,000,000 MEGADEAL
Northside Regeneration McEagle Properties Missouri local 2009 $430,600,000 MEGADEAL
Ameream LLC, Meadow Amusement LLC and Affiliates Triple Five Worldwide New Jersey state 2013 $390,000,000 tax credit/rebate
Ameream LLC, Meadow Amusement LLC and Affiliates Triple Five Worldwide New Jersey state 2013 $390,000,000 MEGADEAL
Starwood Property Trust Starwood Property Trust Colorado multiple 2011 $300,000,000 MEGADEAL
Forest City Stapleton, Inc.; Park Creek Metropolitan District Forest City Enterprises Colorado local 1998 $286,000,000 tax increment financing
Triple Five Triple Five Worldwide Minnesota state 2013 $250,000,000 MEGADEAL
Simon Property Group Simon Property Group Indiana local 1988 $187,000,000 MEGADEAL
CORTEX Cortex Innovation Community Missouri local 2012 $158,200,000 MEGADEAL
Providence Place Group General Growth Properties Rhode Island multiple 1996 $140,000,000 MEGADEAL
Trump World Tower Trump Organization New York local 2003 $119,500,000 MEGADEAL
CBL & Associates CBL & Associates Mississippi multiple 2014 $113,300,000 MEGADEAL
Triple Five Triple Five Worldwide Minnesota local 1988 $108,000,000 MEGADEAL
MMC-DB Group, LLC Hampshire Companies New Jersey state 2013 $105,559,214 MEGADEAL
River Place II Holdings II LLC Silverstein Properties New York state 2009 $101,995,991 MEGADEAL
Thomas J. Klutznick Co. Thomas J. Klutznick Co. Arizona local 2007 $97,400,000 MEGADEAL
New Brunswick Development Corp New Brunswick Development Corp. New Jersey state 2010 $90,600,000 MEGADEAL
River Place II Holdings II LLC Silverstein Properties New York state 2009 $86,526,140 tax credit/rebate
Gallery Place Western Development Corp. District of Columbia state 1999 $84,000,000 MEGADEAL
Transit Village Transit Village New Jersey state 2010 $76,600,000 tax credit/rebate
RED Development RED Development Texas local 2007 $68,000,000 MEGADEAL
Downtown Dallas Development Authority (DDDA) and Forest City Forest City Enterprises Texas local $58,000,000 tax increment financing
Tiago Holdings, LLC Forest City Enterprises New York state 2009 $57,952,369 MEGADEAL
Nebraska Crossing LLC Nebraska Crossing Outlets Nebraska multiple 2013 $57,400,000 MEGADEAL
PYRAMID COMPANY OF ONONDAGA Pyramid Companies New York state 2011 $56,143,114 tax credit/rebate
Harborside Unit A LLC Mack-Cali Realty New Jersey state 2013 $33,000,000 tax credit/rebate
The Hartz Group, Inc. Hartz Mountain Industries United States federal 2012 $21,761,431 federal grant
Valley Stream Green Acres LLC Macerich New York local 2015 $20,114,324 tax credit/rebate
Carousel Center Facility/DestiNY USA Pyramid Companies New York local 2015 $19,500,651 tax credit/rebate
RED Development, LLC RED Development Missouri local 2011 $18,844,062 tax increment financing
EQUITY ONE INC Regency Centers New York state 2012 $17,169,478 tax credit/rebate
VNO Wayne Town Center, LLC Vornado Realty Trust New Jersey state 2012 $13,513,000 tax credit/rebate
Townsend Chicago, LLC Ventas Illinois Local 2005 $13,400,000 tax increment financing
GGP General Growth Properties Maryland local 2008 $12,000,000 tax increment financing
Carousel Center Facility Pyramid Companies New York local 2004 $11,824,444 tax credit/rebate; property tax abatement
AVALONBAY COMMUNITIES, INC. AvalonBay Communities New York state 2007 $11,707,184 tax credit/rebate
Realogy Corporation Realogy New Jersey state 2012 $10,721,250 tax credit/rebate
Carousel Center Co. L.P. Pyramid Companies New York state 2007 $9,866,035 enterprise zone
Carousel Center Co. LP Pyramid Companies New York state 2006 $9,691,305 enterprise zone
Carousel Center Company, L.P. Pyramid Companies New York state 2008 $9,622,210 enterprise zone
Carousel Center Company, L.P. Pyramid Companies New York state 2009 $9,394,525 enterprise zone
Carousel Center Company, L.P. Pyramid Companies New York state 2011 $9,325,078 enterprise zone
Carousel Center Company, L.P. Pyramid Companies New York state 2010 $9,254,370 enterprise zone
ALEXANDER'S OF REGO Vornado Realty Trust New York local 2011 $8,895,206 property tax abatement
Port Imperial South LLC Mack-Cali Realty New Jersey state 2011 $8,893,049 tax credit/rebate
Avalon on the Sound East (Phase II) AvalonBay Communities New York local 2013 $8,715,874 tax credit/rebate; property tax abatement
Avalon on the Sound East (Phase II) AvalonBay Communities New York local 2012 $8,589,419 tax credit/rebate; property tax abatement
Carousel Center Facility Pyramid Companies New York local 2005 $8,263,559 tax credit/rebate; property tax abatement
PYRAMID COMPANY OF ONONDAGA Pyramid Companies New York state 2012 $8,229,978 tax credit/rebate
Carousel Center Company, L.P. Pyramid Companies New York state 2012 $8,211,190 enterprise zone
Avalon on the Sound East (Phase II) AvalonBay Communities New York local 2011 $7,987,759 tax credit/rebate; property tax abatement
Avalon on the Sound East (Phase II) AvalonBay Communities New York local 2010 $7,953,479 tax credit/rebate; property tax abatement
Avalon on the Sound East (Phase II) AvalonBay Communities New York local 2014 $7,910,635 tax credit/rebate
Avalon on the Sound East (Phase II) AvalonBay Communities New York local 2009 $7,609,119 tax credit/rebate; property tax abatement
Carousel Center Facility/DestiNY USA Pyramid Companies New York local 2016 $7,345,595 tax credit/rebate
FC Yonkers Associates, LLC Forest City Enterprises New York state 2008 $7,160,310 enterprise zone
Carousel Center Company, L.P. Pyramid Companies New York state 2005 $7,140,356 enterprise zone
Carousel Center Company, L.P. Pyramid Companies New York state 2004 $6,994,485 enterprise zone
Avalon on the Sound East (Phase II) AvalonBay Communities New York local 2015 $6,689,476 tax credit/rebate
Carousel Center Company, L.P. Pyramid Companies New York state 2003 $6,631,761 enterprise zone
Avalonbay Communities, Inc. AvalonBay Communities New York state 2008 $6,434,944 tax credit/rebate
Avalon on the Sound East (Phase II) AvalonBay Communities New York local 2016 $6,419,142 tax credit/rebate
FOREST CITY MYRTLE A Forest City Enterprises New York local 2011 $6,264,052 property tax abatement
Carousel Center Company, L.P. Pyramid Companies New York state 2013 $6,230,605 enterprise zone
FOREST CITY MYRTLE A Forest City Enterprises New York local 2012 $6,078,408 property tax abatement
River Place II Holdings II LLC Silverstein Properties New York state 2008 $5,807,347 tax credit/rebate
Avalon on the Sound East (Phase II) AvalonBay Communities New York local 2008 $5,644,927 tax credit/rebate; property tax abatement
Carousel Center Facility/DestiNY USA Pyramid Companies New York local 2008 $5,592,228 tax credit/rebate; property tax abatement
ARE-East River Science Park, LLC Alexandria Real Estate Equities New York local 2007 $5,500,000 tax credit/rebate; property tax abatement
Trammell Crow Residential CBRE Group Georgia local 2009 $5,300,000 tax increment financing
River Place II Holdings II LLC Silverstein Properties New York state 2010 $5,264,423 tax credit/rebate
FC Yonkers Associates, LLC Forest City Enterprises New York state 2014 $5,069,892 enterprise zone
Tiago Holdings, LLC Forest City Enterprises New York state 2010 $5,063,291 tax credit/rebate
DestiNY USA Holdings, LLC Pyramid Companies New York state 2012 $4,809,247 enterprise zone
DestiNY USA Holdings, LLC Pyramid Companies New York state 2012 $4,809,247 enterprise zone
DestiNY USA Holdings, LLC (zone 17) Pyramid Companies New York state 2012 $4,809,247 enterprise zone
DestiNY USA Holdings, LLC (zone 17) Pyramid Companies New York state 2012 $4,809,247 enterprise zone
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2016 $4,793,968 tax credit/rebate
Carousel Center Facility Pyramid Companies New York local 2003 $4,705,787 tax credit/rebate; property tax abatement
FC Yonkers Associates, LLC Forest City Enterprises New York state 2013 $4,577,703 enterprise zone
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2015 $4,511,647 tax credit/rebate
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2014 $4,415,296 tax credit/rebate
Carousel Center Company, L.P. Pyramid Companies New York state 2014 $4,318,753 enterprise zone
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2013 $4,288,521 tax credit/rebate; property tax abatement
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2012 $4,140,336 tax credit/rebate; property tax abatement
Eatontown Monmouth Mall LLC Vornado Realty Trust New Jersey state 2011 $4,109,172 tax credit/rebate
Kimco Realty Services, Inc. Kimco Realty United States federal 2012 $4,098,456 federal grant
RIVER PLACE II HOLDINGS II LLC Silverstein Properties New York state 2007 $4,049,552 tax credit/rebate
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2011 $4,010,337 tax credit/rebate; property tax abatement
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2010 $3,935,208 tax credit/rebate; property tax abatement
Post Properties Mid-American Apartment Communities Texas local $3,890,000 tax increment financing
MACERICH QUEENS LIMI Macerich New York local 2012 $3,889,079 property tax abatement
MACERICH QUEENS LIMI Macerich New York local 2011 $3,888,313 property tax abatement
FC Yonkers Associates, LLC Forest City Enterprises New York state 2007 $3,798,319 enterprise zone
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2009 $3,668,621 tax credit/rebate; property tax abatement
Trammell Crow Company CBRE Group Georgia local 2007 $3,659,715 tax increment financing
ARE-East River Science Park, LLC Alexandria Real Estate Equities New York local 2006 $3,516,219 tax credit/rebate; property tax abatement
ARE-East River Science Park, LLC Alexandria Real Estate Equities New York local 2006 $3,509,000 tax credit/rebate; property tax abatement
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