Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RENTAL PROPERTIES (Tables)

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INVESTMENTS IN RENTAL PROPERTIES (Tables)
3 Months Ended
Mar. 31, 2024
Real Estate [Abstract]  
Schedule Of Real Estate Properties Sold And Disposed
The Company disposed of the following rental properties during the three months ended March 31, 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 holding during the three months ended March 31, 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 
Totals     $ 10,155  $ 9,371  $ 784 
Schedule Of Assets Held For Sale The following table summarizes the real estate held for sale, net:
(dollars in thousands)
March 31,
2024
December 31,
2023
Land $ 60,916  $ 59,464 
Building & Other 16,603  9,688 
Less: Accumulated depreciation —  — 
Less: Cumulative unrealized losses on property held for sale (10,544) (10,544)
Real estate held for sale, net $ 66,975 $ 58,608