Elecor Properties operates a 16-building portfolio of Class A office properties in New York and San Francisco. The company was formed in April 2026 through the rebranding of Paramount Group, following its acquisition by Rithm Capital Corp. (NYSE: RITM) for $1.7 billion in September 2025. Paramount Group was led by CEO Albert Behler from 1991 until the 2025 acquisition and went public in 2014 through a $2.3 billion IPO. The portfolio encompasses 13.8 million square feet of office space concentrated in the core business districts of Manhattan and San Francisco's Financial District. Elecor's strategy focuses on elevating workplace experiences through hospitality-driven amenities and in-house management. Rithm Capital and joint venture partners plan to invest $250 million in capital improvements across the portfolio, including lobby transformations, amenity spaces, conferencing facilities, and fitness centers. The company achieved 1.74 million square feet of leasing in 2025, its highest annual volume. Recent major leases include Natixis (205,378 sf), Piper Sandler (136,175 sf), Cushman & Wakefield (134,111 sf), Kirkland & Ellis (131,054 sf), and Benesch (120,940 sf). The portfolio maintains 92% occupancy and features New York properties such as 1633 Broadway (2.6 million sf), 1301 Avenue of Americas, 900 Third Avenue, 31 West 52nd Street, 712 Fifth Avenue, and 745 Fifth Avenue, alongside San Francisco assets including One Market Plaza (1.6 million sf), One Front Street (645,000 sf), and 300 Mission Street.