Quarterly report pursuant to Section 13 or 15(d)

RECENT TRANSACTIONS (Tables)

v3.23.2
RECENT TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2023
Recent Transactions [Abstract]  
Schedule Of Assets Held For Sale
The following table summarizes the real estate held for sale, net, and other assets and liabilities (dollars in thousands) as of June 30, 2023:
Office
Portfolio		 Other Properties
Held for Sale		 Total
Land $ 5,327 $ 64,888 $ 70,215
Building & Other 92,097 10,853 102,950
Less: Accumulated depreciation (37,789) —  (37,789)
Less: Cumulative unrealized losses on property held for sale (8,070) (4,616) (12,686)
Real estate held for sale, net $ 51,565 $ 71,125 $ 122,690
Other assets and liabilities Office
Portfolio		 Other Properties
Held for Sale		 Total
Unbilled rents receivable, net (a) $ 1,177 $ —  $ 1,177
Deferred charges, net (a) 620 —  620
Accounts payable, accrued exp & other liability (1,564) (67) (1,631)
Unearned rents/deferred rental income (a) (120) —  (120)
(a)Expected to be removed with the completion of the sales.
Schedule Of Real Estate Properties Sold And Disposed
The Company disposed of the following rental property during the six months ended June 30, 2023 (dollars in thousands):
Disposition
Date		 Property Location # of
Bldgs.		 Rentable
Square
Feet		 Property
Type		 Net
Sales
Proceeds		 Net
Carrying
Value		 Discontinued
Operations
Realized
Gains
(Losses)/
Unrealized
Losses, net
02/10/23 XS Hotels Weehawken, New Jersey 2 —  Hotel $ 93,358  (a) $ 92,578  $ 780 
04/04/23 Harborside 1, 2 and 3 Jersey City, New Jersey 3 1,886,800  Office 362,446  362,304  142 
Totals 5 1,886,800  $ 455,804  $ 454,882  $ 922 
(a)Included the proceeds of $84 million used to repay the mortgage loan encumbering the property at closing.
Schedule Of Disposed Developable Land
The Company disposed of the following developable land holding during the six months ended June 30, 2023 (dollars in thousands):
Disposition
Date		 Property Location Net
Sales
Proceeds		 Net
Carrying
Value		 Realized
Gains
(Losses)/
Unrealized
Losses, net
03/17/23 Columbia-Honeywell Morris Township, New Jersey $ 8,214  (a) $ 8,236  $ (22)
Totals     $ 8,214  $ 8,236  $ (22)
(a)    Included deposits totaling $1.1 million received by the Company in December 2022 and January 2023.