Effective

June 30,

December 31,

Property/Project Name

Lender

Rate (a)

2019

2018

Maturity

Park Square (b)

Wells Fargo Bank N.A.

LIBOR+1.87

%

$

-

$

25,167 

-

250 Johnson (c)

M&T Bank

LIBOR+2.35

%

42,000 

41,769 

08/01/19

Port Imperial 4/5 Hotel (d)

Fifth Third Bank & Santander

LIBOR+4.50

%

56,636 

73,350 

10/06/19

Worcester (e)

Citizens Bank

LIBOR+2.50

%

57,883 

56,892 

12/10/19

Monaco (f)

The Northwestern Mutual Life Insurance Co.

3.15

%

167,561 

168,370 

02/01/21

Port Imperial South 4/5 Retail

American General Life & A/G PC

4.56

%

3,968 

4,000 

12/01/21

Portside 7

CBRE Capital Markets/FreddieMac

3.57

%

58,998 

58,998 

08/01/23

Alterra I & II

Capital One/FreddieMac

3.85

%

100,000 

100,000 

02/01/24

The Chase at Overlook Ridge

New York Community Bank

3.74

%

135,750 

135,750 

01/01/25

Portside 5/6

New York Life Insurance Company

4.56

%

97,000 

97,000 

03/10/26

Marbella

New York Life Insurance Company

4.17

%

131,000 

131,000 

08/10/26

Marbella II (g)

New York Life Insurance Company

4.29

%

117,000 

-

08/10/26

101 Hudson

Wells Fargo CMBS

3.20

%

250,000 

250,000 

10/11/26

Short Hills Portfolio (h)

Wells Fargo CMBS

4.15

%

124,500 

124,500 

04/01/27

150 Main St.

Natixis Real Estate Capital LLC

4.48

%

41,000 

41,000 

08/05/27

Port Imperial South 11

The Northwestern Mutual Life Insurance Co.

4.52

%

100,000 

100,000 

01/10/29

Soho Lofts (i)

New York Community Bank

3.77

%

160,000 

-

07/01/29

Riverwatch Commons (i)

New York Community Bank

3.79

%

30,000 

-

07/01/29

Port Imperial South 4/5 Garage

American General Life & A/G PC

4.85

%

32,600 

32,600 

12/01/29

Principal balance outstanding

1,705,896 

1,440,396 

Unamortized deferred financing costs

(13,333)

(8,998)

Total mortgages, loans payable and other obligations, net

$

1,692,563 

$

1,431,398 

(a)

Reflects effective rate of debt, including deferred financing costs, comprised of the cost of terminated treasury lock agreements (if any), debt initiation costs, mark-to-market adjustment of acquired debt and other transaction costs, as applicable.

(b)

On January 16, 2019, the loan was repaid using proceeds from the disposition of Park Square.

(c)

This construction loan has a maximum borrowing capacity of $42 million. On July 29, 2019, the Company repaid the construction loan from the proceeds of a $43 million permanent mortgage that matures on August 1, 2024.

(d)

This construction loan has a maximum borrowing capacity of $94 million and provides, subject to certain conditions, two one year extension options with a fee of 20 basis points for each year. On June 28, 2019, the Company paid down the loan by $30 million using proceeds from the June 28, 2019 Rockpoint transaction. See Note 12: Commitments and Contingencies - Construction Projects.

(e)

This construction loan has a maximum borrowing capacity of $58 million and provides, subject to certain conditions, two one year extension options with a fee of 15 basis points each year.

(f)

This mortgage loan, which includes unamortized fair value adjustment of $2.6 million as of June 30, 2019, was assumed by the Company in April 2017 with the consolidation of all the interests in Monaco Towers.

(g)

On January 31, 2019, the Company acquired the majority equity partner's 50 percent interest. Concurrently with the closing, the joint venture repaid in full the property's $74.7 million mortgage loan and obtained a new loan in the amount of $117 million.

(h)

This mortgage loan was obtained by the Company in March 2017 to partially fund the acquisition of the Short Hills/Madison portfolio.

(i)

Effective rate reflects the first five years of interest payments at a fixed rate. Interest payments after that period ends are based on LIBOR plus 2.75% annually.