INVESTMENTS IN RENTAL PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2025

Real Estate [Abstract]

Schedule Of Disposed Developable Land

The Company disposed of the following developable land holding during the three months ended March 31, 2025 (dollars in thousands):

Disposition Date	Property	Location	Net Sales Proceeds		Net Carrying Value			Realized Gains (Losses)/ Unrealized Losses, net
01/24/25	65 Livingston	Roseland, NJ	$	7,139	$	7,295	(a)	$	(156)
Totals			$	7,139	$	7,295		$	(156)

(a) Carrying value reflects previously recorded impairment charges of $2.6 million.

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 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						$	81,515	$	81,228	$	1,548

(a) Others represent resolution of estimated accrued expenses from various previously sold rental properties.

Schedule Of Assets Held For Sale

The following table summarizes the real estate held for sale, net as of March 31, 2025 and December 31, 2024:

(dollars in thousands)	March 31, 2025		December 31, 2024
Land	$	2,157	$	9,910
Building & Other	9,054		—
Less: Accumulated depreciation	(2,073)		—
Less: Cumulative unrealized losses on property held for sale	—		(2,619)
Real estate held for sale, net	$	9,138	$	7,291