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