Subsidy Tracker: Industry Summary Page

Major Industry: 
real estate
Subsidy Total: 
$6,320,020,536
Number of Awards: 
556
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
Carousel Center Facility/DestiNY USA Pyramid Companies New York local 2013 $3,494,514 tax credit/rebate; property tax abatement
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2008 $3,483,311 tax credit/rebate; property tax abatement
Camden Properties Camden Property Trust Texas local $3,456,274 tax increment financing
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2007 $3,351,334 tax credit/rebate; property tax abatement
Avalon on the Sound (Phase I) AvalonBay Communities New York local 2007 $3,291,877 tax credit/rebate; property tax abatement
DESTINY USA HOLDINGS, LLC/PYRAMID COMPANY OF ONONDAGA Pyramid Companies New York state 2013 $3,257,797 tax credit/rebate
Carousel Center Facility/DestiNY USA Pyramid Companies New York local 2007 $3,257,334 tax credit/rebate; property tax abatement
Carousel Center Facility Pyramid Companies New York local 2006 $3,102,351 tax credit/rebate; property tax abatement
Great Eastern Mall, L.P. Macerich New York state 2012 $3,050,375 enterprise zone
VORNADO SHENANDOAH HOLDINGS Vornado Realty Trust New York local 2011 $2,996,280 property tax abatement
Equity One Northeast Inc. Regency Centers New York local 2011 $2,994,537 tax credit/rebate; property tax abatement
Avalon Bay Communities Inc. Rockville Centre AvalonBay Communities New York local 2016 $2,885,600 tax credit/rebate
ProLogis Prologis Texas local 2007 $2,883,119 grant
Avalon Bay Communities Inc. Rockville Centre AvalonBay Communities New York local 2015 $2,859,777 tax credit/rebate
DF Technical Services Digital Realty Trust United States federal 2013 $2,796,823 federal grant
FC Yonkers Associates, LLC Forest City Enterprises New York state 2012 $2,735,007 enterprise zone
Forest City Forest City Enterprises District of Columbia state 2015 $2,698,953 tax credit/rebate
FC Hanson Office Associates, LLC#1 Forest City Enterprises New York local 2003 $2,500,000 tax credit/rebate; property tax abatement
WMAP, L.L.C. Macerich New York local 2012 $2,498,595 property tax abatement
WMAP, L.L.C. Macerich New York local 2012 $2,498,595 property tax abatement
WMAP, L.L.C. Macerich New York local 2011 $2,498,103 property tax abatement
WMAP, L.L.C. Macerich New York local 2011 $2,498,103 property tax abatement
DestiNY USA Holdings, LLC Pyramid Companies New York state 2008 $2,413,720 enterprise zone
DestiNY USA Holdings, LLC Pyramid Companies New York state 2008 $2,413,720 enterprise zone
DestiNY USA Holdings, LLC Pyramid Companies New York state 2008 $2,413,720 enterprise zone
DestiNY USA Holdings, LLC Pyramid Companies New York state 2008 $2,413,720 enterprise zone
N.P.R./Boston Properties Boston Properties District of Columbia state 2013 $2,400,000 tax credit/rebate
Equity One Northeast Inc. Regency Centers New York local 2016 $2,388,400 tax credit/rebate
SL GREEN REALTY CORP SL Green Realty New York local 2012 $2,345,599 property tax abatement
Avalon Bay Communities, Inc. AvalonBay Communities New York local 2004 $2,337,926 tax credit/rebate; property tax abatement
Great Eastern Mall, L.P. Macerich New York state 2013 $2,306,181 enterprise zone
Equity One Northeast Inc. Regency Centers New York local 2015 $2,285,514 tax credit/rebate
Forest City Forest City Enterprises District of Columbia state 2014 $2,278,800 tax credit/rebate
Avalon Bay Communities Inc. Rockville Centre AvalonBay Communities New York local 2014 $2,277,935 tax credit/rebate
VORNADO SHENANDOAH HOLDINGS Vornado Realty Trust New York local 2012 $2,247,653 property tax abatement
Great Eastern Mall, L.P. Macerich New York state 2011 $2,218,858 enterprise zone
Carousel Center Company, L.P. Pyramid Companies New York state 2015 $2,180,763 enterprise zone
DestiNY USA Holdings, LLC (zone 17) Pyramid Companies New York state 2015 $2,180,763 enterprise zone
DestiNY USA Holdings, LLC (zone 17) Pyramid Companies New York state 2015 $2,180,763 enterprise zone
TIAGO HOLDINGS, LLC Forest City Enterprises New York state 2011 $2,160,048 tax credit/rebate
SL GREEN REALTY CORP SL Green Realty New York local 2012 $2,110,522 property tax abatement
Alexandria Real Estate Equities, Inc Alexandria Real Estate Equities Massachusetts state 2013 $2,072,608 tax credit/rebate
TRUMP TOWER COMMERCI Trump Organization New York local 2011 $2,030,482 property tax abatement
Forest City Sustainable Resources Oahu, LLC Forest City Enterprises United States federal 2012 $2,003,346 federal grant
RG Steel Sparrows Point LLC Sparrows Point Terminal Maryland state 2011 $2,000,000 grant/loan hybrid program
330 MADISON CO LLC Vornado Realty Trust New York local 2012 $1,989,310 property tax abatement
Equity One Northeast Inc. Regency Centers New York local 2012 $1,967,742 tax credit/rebate; property tax abatement
DestiNY USA Holdings, LLC Pyramid Companies New York state 2009 $1,932,827 enterprise zone
DestiNY USA Holdings, LLC Pyramid Companies New York state 2009 $1,932,827 enterprise zone
DestiNY USA Holdings, LLC Pyramid Companies New York state 2009 $1,932,827 enterprise zone
DestiNY USA Holdings, LLC Pyramid Companies New York state 2009 $1,932,827 enterprise zone
Avalon Bay Communities Inc. Rockville Centre AvalonBay Communities New York local 2010 $1,868,062 tax credit/rebate; property tax abatement
SL GREEN REALTY CORP SL Green Realty New York local 2011 $1,849,281 property tax abatement
Carousel Center Facility/DestiNY USA Pyramid Companies New York local 2010 $1,834,581 tax credit/rebate; property tax abatement
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2011 $1,742,017 tax credit/rebate; property tax abatement
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2016 $1,729,459 tax credit/rebate
PROLOGIS Prologis Ohio state 2005 $1,712,261 enterprise zone
Forest City Sustainable Resources Pearl City, LLC Forest City Enterprises United States federal 2013 $1,701,057 federal grant
Avalon Bay Communities Inc. Rockville Centre AvalonBay Communities New York local 2013 $1,630,328 tax credit/rebate; property tax abatement
TRUMP TOWER COMMERCI Trump Organization New York local 2012 $1,624,706 property tax abatement
Great Eastern Mall, L.P. Macerich New York state 2014 $1,610,452 enterprise zone
Great Eastern Mall, L.P. Macerich New York state 2005 $1,595,282 enterprise zone
Avalon Bay Communities, Inc. AvalonBay Communities New York local 2005 $1,551,255 tax credit/rebate; property tax abatement
Great Eastern Mall LP Macerich New York state 2006 $1,539,445 enterprise zone
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2010 $1,538,507 tax credit/rebate; property tax abatement
Great Eastern Mall, L.P. Macerich New York state 2007 $1,500,959 enterprise zone
Avalon Bay Communities, Inc. AvalonBay Communities New York local 2006 $1,499,068 tax credit/rebate; property tax abatement
Great Eastern Mall, L.P. Macerich New York state 2004 $1,487,004 enterprise zone
Vornado Sun, LLC Vornado Realty Trust United States federal 2012 $1,484,853 federal grant
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2015 $1,481,935 tax credit/rebate
DESTINY USA HOLDINGS LLC/PYRAMID COMPANY OF ONONDAGA Pyramid Companies New York state 2014 $1,460,933 tax credit/rebate
American Multi-Cinema, Inc. Wanda Group Kansas state 2013 $1,454,085 grant
Trammel Crow CBRE Group Texas local 2013 $1,445,000 grant
Great Eastern Mall, L.P. Macerich New York state 2003 $1,426,825 enterprise zone
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2014 $1,425,676 tax credit/rebate
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2013 $1,419,718 tax credit/rebate; property tax abatement
PROLOGIS TRUST Prologis Ohio state 2001 $1,399,729 enterprise zone
Great Eastern Mall, L.P. Macerich New York state 2008 $1,376,305 enterprise zone
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2012 $1,373,080 tax credit/rebate; property tax abatement
Tiago Holdings, LLC Forest City Enterprises New York state 2009 $1,363,135 enterprise zone
OLSL Roslyn/Forest City Daly/Bryant Landing Forest City Enterprises New York local 2009 $1,362,708 tax credit/rebate; property tax abatement
Tiago Holdings, LLC Forest City Enterprises New York state 2008 $1,349,073 enterprise zone
Avalon Bay Communities Inc. Rockville Centre AvalonBay Communities New York local 2011 $1,347,654 tax credit/rebate; property tax abatement
Great Eastern Mall, L.P. Macerich New York state 2009 $1,339,964 enterprise zone
Great Eastern Mall, L.P. Macerich New York state 2010 $1,329,171 enterprise zone
OLSL Roslyn/Forest City Daly/Bryant Landing Forest City Enterprises New York local 2010 $1,298,684 tax credit/rebate; property tax abatement
THE MACERICH PARTNERSHIP LP Macerich New York state 2015 $1,279,813 tax credit/rebate
Carousel Center Facility/DestiNY USA Pyramid Companies New York local 2011 $1,272,937 tax credit/rebate; property tax abatement
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2009 $1,226,522 tax credit/rebate; property tax abatement
WMAP, L.L.C. Macerich New York local 2011 $1,216,965 property tax abatement
AVALONBAY SOUTH PRATT STREET AvalonBay Communities New York local 2008 $1,198,178 tax credit/rebate; property tax abatement
OLSL Roslyn/Forest City Daly/Bryant Landing Forest City Enterprises New York local 2008 $1,190,295 tax credit/rebate; property tax abatement
Alexandria Real Estate Equities, Inc. Alexandria Real Estate Equities Massachusetts state 2015 $1,164,515 tax credit/rebate
4 USS LLC Vornado Realty Trust New York local 2012 $1,107,837 property tax abatement
4 USS LLC Vornado Realty Trust New York local 2011 $1,107,619 property tax abatement
VORNADO 640 FIFTH AV Vornado Realty Trust New York local 2011 $1,096,200 property tax abatement
Tiago Holdings, LLC Forest City Enterprises New York state 2013 $1,085,556 enterprise zone
TIAGO HOLDINGS, LLC Forest City Enterprises New York state 2012 $1,085,044 tax credit/rebate
DESTINY USA HOLDINGS LLC/PYRAMID COMPANY OF ONONDAGA Pyramid Companies New York state 2015 $1,068,895 tax credit/rebate
MREIC Buffalo, NY LLC Monmouth Real Estate Investment Corp. New York local 2016 $1,046,281 tax credit/rebate
I 30 Distribution LP CBRE Group Texas local 2006 $1,045,797 grant
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