Empire State Realty OP, L.p. ESBA

What this company does

The company self-manages all of its office and retail properties, and uses a third-party property manager for its multifamily properties. It generates revenue primarily from rents, rent escalations, tenant expense reimbursements, and other income received from tenants under existing leases at its properties. As of December 31, 2025, its portfolio comprised approximately 7.9 million rentable square feet of office space, 0.8 million rentable square feet of retail space, and 743 residential units, all located in New York City. As of December 31, 2025, the company employed 642 people, of whom approximately 407 were covered by collective bargaining agreements. Its reportable segments consist of a real estate segment and an Observatory segment. The real estate segment covers the ownership, management, operation, acquisition, repositioning, and disposition of its office, retail, and multifamily assets. The Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. The company was organized as a Delaware limited partnership on November 28, 2011 and commenced operations upon completion of an initial public offering of ESRT's Class A common stock on October 7, 2013.

Written from the business description in Empire State Realty OP, L.P.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.