Paramount CEO's Ties to Board Member Raise Questions in Office Landlord's Decision-Making

Paramount Group, a prominent office landlord, has been facing increasing scrutiny over its decision-making and corporate governance, and the latest revelation about CEO Albert Behler's ties to a board member only adds to the controversy.

According to Securities and Exchange Commission filings reviewed by The Real Deal, Behler provided loans and invested in a failed company led by Mark Patterson, a member of Paramount's board of directors. This raises concerns about the independence of the board and the potential for conflicts of interest.

This news comes on the heels of previous reports that Paramount had made millions of dollars in undisclosed payments to Behler's companies. These revelations have sparked shareholder and corporate governance concerns, further damaging the REIT's optics.

As Paramount continues to make headlines for all the wrong reasons, questions are being raised about the company's leadership and decision-making processes. With Behler's close ties to a board member and previous undisclosed payments, it's clear that the REIT's corporate governance is facing serious challenges.

"These revelations only add to the growing concerns about Paramount's decision-making and the independence of its board," said a spokesperson for a shareholder group. "It's clear that this company needs to address these issues and prioritize the interests of its shareholders."

Originally reported by The Real Deal.

https://therealdeal.com/new-york/2025/09/15/paramount-ceo-albert-behler-made-deals-with-board-member/