Properties Held for Sale and Property Dispositions (Tables)

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Summary of properties sold

The following table summarizes the properties sold during the nine months ended September 30, 2024:

Property	Disposition Date	Property Type	Unaudited Approximate Usable Square Feet	Sales Price (1) (in millions)		(Loss) Gain on Sale (in millions) (2)
719 Seventh Avenue	June 2024	Fee Interest	10,040	$	30.5	$	(2.0)
Palisades Premier Conference Center	July 2024	Fee Interest	450,000	26.3		$	7.3

(1)Sales price represents the gross sales price for a property or the gross asset valuation for interests in a property.

(2)The loss on sale is net of $4.1 million of employee compensation accrued in connection with the realization of the investment disposition. The amounts do not include adjustments for expenses recorded in subsequent periods.