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
TEJON RANCH Tejon Ranch Co. California state 2008 undisclosed training reimbursement
Tejon Ranch Tejon Ranch Co. California state 2006 undisclosed training reimbursement
MARBELLA TOWER URBAN RENEWAL ASSOCIATES, LLC Mack-Cali Realty New Jersey state undisclosed tax credit/rebate; property tax abatement
MONACO NORTH URBAN RENEWAL, LLC Mack-Cali Realty New Jersey state undisclosed tax credit/rebate; property tax abatement
MONACO SOUTH URBAN RENEWAL, LLC Mack-Cali Realty New Jersey state undisclosed tax credit/rebate; property tax abatement
VSPS, LLC Vornado Realty Trust New Jersey state undisclosed tax credit/rebate; property tax abatement
WHEATON PLAZA LLC AvalonBay Communities New Jersey state undisclosed tax credit/rebate; property tax abatement
Toledo Lucas County Port Authority, formerly 4500 Dorr Street Holdings, LLC & Health Care REIT, Inc. Welltower Ohio state 2009 undisclosed enterprise zone
ProLogis Prologis Texas state 1998 undisclosed property tax abatement
RAYONIER FOREST OPERATIONS LLC Rayonier Washington state 2005 undisclosed tax credit/rebate
ProLogis Prologis Texas local 2003 undisclosed tax credit/rebate
Trammell Crow Houston Ltd) & McKesson Corp (CITY TERMS) Value in excess of $50,000 CBRE Group Texas local 2005 undisclosed tax credit/rebate
Prologis Prologis Texas local 2000 undisclosed tax credit/rebate
Trammell Crow Dallas/Fort Worth Inc. CBRE Group Texas local 2000 undisclosed tax credit/rebate
VSPS, LLC Vornado Realty Trust New Jersey state undisclosed tax credit/rebate; property tax abatement
MARBELLA TOWER URBAN RENEWAL ASSOCIATES, LLC Mack-Cali Realty New Jersey state undisclosed tax credit/rebate; property tax abatement
MONACO SOUTH URBAN RENEWAL, LLC Mack-Cali Realty New Jersey state undisclosed tax credit/rebate; property tax abatement
MONACO NORTH URBAN RENEWAL, LLC Mack-Cali Realty New Jersey state undisclosed tax credit/rebate; property tax abatement
WHEATON PLAZA LLC AvalonBay Communities New Jersey state undisclosed tax credit/rebate; property tax abatement
AVALON NORTH BERGEN, LLC AvalonBay Communities New Jersey state undisclosed tax credit/rebate; property tax abatement
Corporate Office Properties Trust Corporate Office Properties Trust Maryland local 2012 undisclosed enterprise zone
4500 Dorr Street Holdings and Health Care REIT, Inc. Welltower Ohio local 2011 undisclosed property tax abatement
Alexandria Real Estate Equities, Inc. Alexandria Real Estate Equities Massachusetts state 2012 undisclosed tax credit/rebate
ALEXANDERS INC Vornado Realty Trust California local 2012 undisclosed tax credit/rebate
SIMON PROPERTY GROUP, L.P. Simon Property Group Illinois local 2002 undisclosed tax credit/rebate
PROLOGIS Prologis Illinois local 2012 undisclosed property tax abatement
STAG CAPITAL PARTNERS STAG Industrial Inc. Illinois local 2012 undisclosed property tax abatement
WHEELING PARTNERS LLC Monmouth Real Estate Investment Corp. Illinois local 2012 undisclosed property tax abatement
Forest City Forest City Enterprises Connecticut local 2013 undisclosed property tax abatement
Carey Watermark 1 W.P. Carey Inc. Tennessee local 2016 undisclosed property tax abatement
Carey Watermark 1 W.P. Carey Inc. Tennessee local 2016 undisclosed property tax abatement
Forest City Bridge Street Associates Forest City Enterprises New York local 1989 $47,120 loan or bond financing
Forest City Bridge Street Associates Forest City Enterprises New York local 1989 $47,120 loan or bond financing
Forest City Pierrepont Associates Forest City Enterprises New York local 1986 $79,912 loan or bond financing
Forest City Pierrepont Associates Forest City Enterprises New York local 1986 $79,912 loan or bond financing
NRT LLC Realogy United States federal 2015 $1,146,600 federal loan or loan guarantee
HEALTH CARE REIT INC Welltower Ohio state 2009 $2,000,000 loan or bond financing
MRC I, LLC Monmouth Real Estate Investment Corp. United States federal 2015 $4,017,500 federal loan or loan guarantee
315 Trumbull Street Associates, LLC Hersha Hospitality Trust United States federal 2010 $7,000,000 federal loan or loan guarantee
FC Hanson Office Associates Forest City Enterprises United States federal 2003 $90,800,000 federal tax-exempt bond
Durst Organization Durst Organization United States federal 2004 $650,000,000 federal tax-exempt bond
World Trade Center Properties/Silverstein Properties Silverstein Properties United States federal 2009 $2,593,500,000 federal tax-exempt bond
Rest Haven Nursing Home Welltower Mississippi state 2011 $1,550 training reimbursement
FOREST CITY ENTERPRISES INC Forest City Enterprises Ohio state 2014 $1,915 grant
Avalon Bay Redevelopment LLC AvalonBay Communities New York local 2004 $2,670 tax credit/rebate; property tax abatement
Prologis TLF (Portland) LLC. Prologis Oregon state 2013 $4,620 tax credit/rebate
Carousel Center Company, L.P. Pyramid Companies New York state 2002 $6,000 enterprise zone
R.G. Steel Corp. Sparrows Point Terminal Pennsylvania state 2016 $6,165 tax credit/rebate
Avalon AvalonBay Communities New York local 2014 $6,357 tax credit/rebate
VNO 99-01 QUEENS BOULEVARD Vornado Realty Trust New York local 2012 $7,949 property tax abatement
Avalon Bay AvalonBay Communities Virginia state 2009 $8,000 training reimbursement
Monmouth Capital Corp. Monmouth Real Estate Investment Corp. New York local 2010 $9,254 tax credit/rebate; property tax abatement
VNO 99-01 QUEENS BOULEVARD Vornado Realty Trust New York local 2011 $10,597 property tax abatement
MCEAGLE VENTURE FUND, L.L.C. McEagle Properties Missouri state 2002 $12,500 tax credit/rebate
MCEAGLE VENTURE FUND, L.L.C. McEagle Properties Missouri state 2003 $12,500 tax credit/rebate
MCEAGLE VENTURE FUND, L.L.C. McEagle Properties Missouri state 2004 $12,500 tax credit/rebate
MCEAGLE VENTURE FUND, L.L.C. McEagle Properties Missouri state 2005 $12,500 tax credit/rebate
Avalon Bay Redevelopment (retail) LLC AvalonBay Communities New York local 2005 $12,545 tax credit/rebate; property tax abatement
Monmouth Capital Corporation Monmouth Real Estate Investment Corp. New York local 2008 $12,697 tax credit/rebate; property tax abatement
R.G. Steel Corp. Sparrows Point Terminal Pennsylvania state 2014 $12,808 tax credit/rebate
Monmouth Capital Corp. Monmouth Real Estate Investment Corp. New York local 2016 $12,861 tax credit/rebate
Monmouth Capital Corp. Monmouth Real Estate Investment Corp. New York local 2015 $12,916 tax credit/rebate
AMC Card Processing Services, Inc. Wanda Group Kansas state 2013 $13,430 grant
Monmouth Capital Corp. Monmouth Real Estate Investment Corp. New York local 2014 $14,393 tax credit/rebate
Monmouth Capital Corporation Monmouth Real Estate Investment Corp. New York local 2016 $14,689 tax credit/rebate
VORNADO REALTY L.P. Vornado Realty Trust New York local 2011 $15,362 property tax abatement
Monmouth Capital Corporation Monmouth Real Estate Investment Corp. New York local 2015 $16,181 tax credit/rebate
Monmouth Capital Corp. Monmouth Real Estate Investment Corp. New York local 2013 $16,207 tax credit/rebate; property tax abatement
Avalon AvalonBay Communities New York local 2015 $16,276 tax credit/rebate
Avalon Bay AvalonBay Communities Virginia state 2010 $16,500 training reimbursement
Monmouth Capital Corp. Monmouth Real Estate Investment Corp. New York local 2012 $16,875 tax credit/rebate; property tax abatement
World Trade Center Properties / PGE Silverstein Properties Oregon state 2010 $17,578 tax credit/rebate
Monmouth Capital Corp. Monmouth Real Estate Investment Corp. New York local 2011 $17,912 tax credit/rebate; property tax abatement
Monmouth Capital Corporation Monmouth Real Estate Investment Corp. New York local 2009 $18,289 tax credit/rebate; property tax abatement
Avalon AvalonBay Communities New York local 2013 $19,163 tax credit/rebate; property tax abatement
Monmouth Capital Corporation Monmouth Real Estate Investment Corp. New York local 2014 $19,324 tax credit/rebate
Avalon AvalonBay Communities New York local 2016 $20,799 tax credit/rebate
Windrose (Niagara Falls Properties, LLC) Welltower New York local 2013 $21,316 tax credit/rebate; property tax abatement
RAYONIER FOREST RESOURCES LP Rayonier Washington state 2006 $21,488 tax credit/rebate
RAYONIER FOREST OPERATIONS LLC Rayonier Washington state 2006 $21,993 tax credit/rebate
Monmouth Capital Corporation Monmouth Real Estate Investment Corp. New York local 2012 $22,089 tax credit/rebate; property tax abatement
Monmouth Capital Corporation Monmouth Real Estate Investment Corp. New York local 2013 $23,093 tax credit/rebate; property tax abatement
Monmouth Capital Corporation Monmouth Real Estate Investment Corp. New York local 2011 $23,099 tax credit/rebate; property tax abatement
RAYONIER FOREST RESOURCES LP Rayonier Washington state 2007 $23,255 tax credit/rebate
Windrose (Niagara Falls Properties, LLC) Welltower New York local 2012 $24,314 tax credit/rebate; property tax abatement
Monmouth Capital Corporation Monmouth Real Estate Investment Corp. New York local 2010 $24,454 tax credit/rebate; property tax abatement
Avalon AvalonBay Communities New York local 2011 $24,581 tax credit/rebate; property tax abatement
AvalonBay Communities AvalonBay Communities Virginia local 2013 $25,000 grant
MPP, Inc. Macerich Indiana local 2002 $26,040 property tax abatement
Five Star Senior Living Five Star Senior Living Kentucky state 2010 $26,154 training reimbursement
Windrose (Niagara Falls Properties, LLC) Welltower New York local 2011 $26,659 tax credit/rebate; property tax abatement
TC FOREST HILL DEVELOPMENT, LP CBRE Group Tennessee local 2007 $27,231 property tax abatement
Windrose (Niagara Falls Properties, LLC) Welltower New York local 2010 $28,794 tax credit/rebate; property tax abatement
Hemingway at Halfmoon, LLC Monmouth Real Estate Investment Corp. New York local 2012 $29,187 tax credit/rebate; property tax abatement
PROLOGIS-NORTH CAROLINA LIMITED PARTNERSHIP Prologis Tennessee local 2007 $29,742 property tax abatement
PROLOGIS Prologis Tennessee local 2008 $29,742 property tax abatement
101 COMMERCE REALTY Mack-Cali Realty New York local 2012 $30,005 property tax abatement
Tiago Holdings, LLC Forest City Enterprises New York state 2005 $30,753 enterprise zone
RAYONIER WASHINGTON TIMBER COMPANY Rayonier Washington state 2015 $30,932 tax credit/rebate
Windrose (Niagara Falls Properties, LLC) Welltower New York local 2009 $31,117 tax credit/rebate; property tax abatement
VNO BRUCKNER PLAZA LLC Vornado Realty Trust New York local 2011 $31,242 property tax abatement
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