RECENT TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2022

Schedule Of Properties Commencing Initial Operations

The following property commenced initial operations during the six months ended June 30, 2022 (dollars in thousands):

In Service Date

Property

Location

Property Type

# of
Apartment Units

Total
Development
Costs Incurred

04/01/22

Haus25 (a)

Jersey City

Multi-Family

750

347,918

Totals

750

347,918

(a) As of June 30, 2022, 631 apartment units are currently available for occupancy.

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):


	Suburban Office Portfolio		Other Assets Held for Sale		Total
Land	$	4,336	$	122,660	$	126,996
Building & Other	25,945		360,731		386,676
Less: Accumulated depreciation	(12,165)		(128,442)		(140,607)
Less: Cumulative unrealized losses on property held for sale	(4,440)		$	—	(4,440)
Real estate held for sale, net	$	13,676	$	354,949	$	368,625


Other assets and liabilities	Suburban Office Portfolio		Other Assets Held for Sale		Total
Unbilled rents receivable, net (a)	$	572	$	15,671	$	16,243
Deferred charges, net (a)	682		12,164		12,846

Mortgages & loans payable, net (a)	—		(249,155)		(249,155)
Accounts payable, accrued exp & other liability	(1,054)		(4,890)		(5,944)
Unearned rents/deferred rental income (a)	—		(3,778)		(3,778)

(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 property during the six months ended June 30, 2022 (dollars in thousands):


Disposition Date	Property/Address	Location	# of Bldgs.	Rentable Square Feet	Property Type	Net Sales Proceeds			Net Carrying Value		Realized Gains (Losses) Unrealized Losses, net		Discontinued Operations Realized Gains (Losses)/ Unrealized Losses, net
01/21/22	111 River Street	Hoboken, New Jersey	1	566,215	Office	$	208,268	(a)	$	206,432	$	1,836	$	—

Unrealized gains (losses) on real estate held for sale											—		(4,440)
Totals			1	566,215		$	208,268		$	206,432	$	1,836	$	(4,440)

(a)The mortgage loan encumbering the property was repaid at closing, for which the Company incurred costs of $6.3 million. These costs were expensed as loss from extinguishment of debt during the six months ended June 30, 2022.

Schedule Of Disposed Developable Land

The Company disposed of the following developable land holdings during the six months ended June 30, 2022 (dollars in thousands):


Disposition Date	Property Address	Location	Net Sales Proceeds		Net Carrying Value		Realized Gains (Losses)/ Unrealized Losses, net
03/22/22	Palladium residential land	West Windsor, New Jersey	$	23,908	$	24,182	$	(274)
03/22/22	Palladium commercial land	West Windsor, New Jersey	4,688		1,791		2,897
04/15/22	Port Imperial Park parcel (a)	Weehawken, New Jersey	29,331		29,744		(413)
04/21/22	Urby II/III (a)	Jersey City, New Jersey	68,854		13,316		55,538

Totals			$	126,781	$	69,033	$	57,748

(a)The net sale proceeds were held by a qualified intermediary, which is recorded in deferred charges and other assets as of June 30, 2022. See Note 5: Deferred Charges and Other Assets, Net.