| Schedule Of Properties Identified As Held For Sale |
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# of
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Rentable
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Gross
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Accumulated
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Valuation
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Net
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Property
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Location
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Bldgs.
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Square Feet
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Book Value
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Depreciation
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Allowance
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Book Value
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19 Skyline Drive (a) (b)
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Hawthorne, New York
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1
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248,400
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$
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37,798
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$
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(14,713)
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$
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(7,080)
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$
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16,005
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55 Corporate Drive (a)
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Bridgewater, New Jersey
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1
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204,057
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48,256
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(2,060)
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-
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46,196
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51 Imclone Drive
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Branchburg, New Jersey
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1
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63,213
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5,375
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(398)
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-
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4,977
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16 Sentry Parkway West (c)
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Blue Bell, Pennsylvania
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1
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93,093
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14,781
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(5,654)
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-
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9,127
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18 Sentry Parkway West (c)
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Blue Bell, Pennsylvania
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1
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95,010
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15,713
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(6,041)
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-
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9,672
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777 Passaic Avenue
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Clifton, New Jersey
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1
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75,000
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7,346
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(3,779)
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-
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3,567
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200 Riser Road
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Little Ferry, New Jersey
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1
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286,628
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19,937
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(6,007)
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-
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13,930
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Total Office Properties Held for Sale
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7
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1,065,401
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$
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149,206
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$
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(38,652)
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$
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(7,080)
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$
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103,474
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(a) Property identified as held for sale as of December 31, 2012.
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(b) On April 10, 2013, the Company sold this property for approximately $16 million.
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(c) The Company recorded an impairment charge on these properties of a total of $8.4 million at December 31, 2012.
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| Summary Of Income From Discontinued Operations And Related Realized And Unrealized Gains (Losses) |
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Three Months Ended
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March 31,
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2013
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2012
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Total revenues
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$
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3,952
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$
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6,685
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Operating and other expenses
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(1,677)
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(2,541)
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Depreciation and amortization
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(297)
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(1,643)
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Interest expense (net of interest income)
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(81)
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(509)
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Income from discontinued operations
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1,897
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1,992
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Unrealized losses on disposition of rental property
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-
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(499)
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Realized gains (losses) on
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disposition of rental property, net
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-
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4,511
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Realized gains (losses) and unrealized losses on
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disposition of rental property, net
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-
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4,012
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Total discontinued operations, net
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$
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1,897
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$
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6,004
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