Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RENTAL PROPERTIES (Tables)

v3.24.2
INVESTMENTS IN RENTAL PROPERTIES (Tables)
 6 Months Ended
Jun. 30, 2024
Real Estate [Abstract]  
Schedule Of Real Estate Properties Sold And Disposed
The Company disposed of the following rental properties during the six months ended June 30, 2024 (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
03/20/24 Harborside 5 Jersey City, New Jersey 1 977,225  Office $ 81,515  $ 81,228  $ 287 
Others (a) 1,261 
Totals 1 977,225  $ 81,515  $ 81,228  $ 1,548 
(a)Others represent resolution of estimated accrued expenses from various previously sold rental properties.
Schedule Of Disposed Developable Land
The Company disposed of the following developable land holdings during the six months ended June 30, 2024 (dollars in thousands):
Disposition
Date		 Property Location Net
Sales
Proceeds		 Net
Carrying
Value		 Realized
Gains
(Losses)/
Unrealized
Losses, net
01/03/24 2 Campus Parsippany-Troy Hills, New Jersey $ 10,155  $ 9,371  $ 784 
04/16/24 107 Morgan Jersey City, New Jersey 50,630  50,929  (a) (299)
04/30/24 6 Becker Farm / 85 Livingston Roseland, NJ 27,985  16,955  11,030 
Totals     $ 88,770  $ 77,255  $ 11,515 
(a)Carrying value reflects previously recorded impairment charges of $10.5 million.
Schedule Of Assets Held For Sale The following table summarizes the real estate held for sale, net as of December 31, 2023:
(dollars in thousands)
 December 31,
2023
Land $ 59,464 
Building & Other 9,688 
Less: Accumulated depreciation — 
Less: Cumulative unrealized losses on property held for sale (10,544)
Real estate held for sale, net $ 58,608