Quarterly report pursuant to Section 13 or 15(d)

RECENT TRANSACTIONS (Tables)

v3.23.3
RECENT TRANSACTIONS (Tables)
 9 Months Ended
Sep. 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 September 30, 2023:
Office
Portfolio		 Other Properties
Held for Sale		 Total
Land $ 4,336 $ 71,876 $ 76,212
Building & Other 25,949 18,243 44,192
Less: Accumulated depreciation (12,165) —  (12,165)
Less: Cumulative unrealized losses on property held for sale (4,440) (4,616) (9,056)
Real estate held for sale, net $ 13,680 $ 85,503 $ 99,183
Other assets and liabilities Office
Portfolio		 Other Properties
Held for Sale		 Total
Unbilled rents receivable, net (a) $ 37 $ —  $ 37
Deferred charges, net (a) 43 —  43
Accounts payable, accrued expenses and other liabilities (854) (17) (871)
(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 properties during the nine months ended September 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 
09/13/23 Harborside 6 Jersey City, New Jersey 1 231,856  Office 44,145  43,722  423 
Unrealized gains (losses) on real estate held for sale (3,631)
Totals 6 2,118,656  $ 499,949  $ 498,604  $ (2,286)
(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 nine months ended September 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.