RECENT TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2023

Recent Transactions [Abstract]

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) as of September 30, 2023:

	Office Portfolio		Other Properties Held for Sale		Total
Land	$	4,336	$	71,876	$	76,212
Building & Other	25,949		18,243		44,192
Less: Accumulated depreciation	(12,165)		—		(12,165)
Less: Cumulative unrealized losses on property held for sale	(4,440)		(4,616)		(9,056)
Real estate held for sale, net	$	13,680	$	85,503	$	99,183

Other assets and liabilities	Office Portfolio		Other Properties Held for Sale		Total
Unbilled rents receivable, net (a)	$	37	$	—	$	37
Deferred charges, net (a)	43		—		43
Accounts payable, accrued expenses and other liabilities	(854)		(17)		(871)

(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 properties during the nine months ended September 30, 2023 (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
02/10/23	XS Hotels	Weehawken, New Jersey	2	—	Hotel	$	93,358	(a)	$	92,578	$	780
04/04/23	Harborside 1, 2 and 3	Jersey City, New Jersey	3	1,886,800	Office	362,446			362,304		142
09/13/23	Harborside 6	Jersey City, New Jersey	1	231,856	Office	44,145			43,722		423
Unrealized gains (losses) on real estate held for sale											(3,631)
Totals			6	2,118,656		$	499,949		$	498,604	$	(2,286)

(a)Included the proceeds of $84 million used to repay the mortgage loan encumbering the property at closing.

Schedule Of Disposed Developable Land

The Company disposed of the following developable land holding during the nine months ended September 30, 2023 (dollars in thousands):

Disposition Date	Property	Location	Net Sales Proceeds			Net Carrying Value		Realized Gains (Losses)/ Unrealized Losses, net
03/17/23	Columbia-Honeywell	Morris Township, New Jersey	$	8,214	(a)	$	8,236	$	(22)
Totals			$	8,214		$	8,236	$	(22)

(a)    Included deposits totaling $1.1 million received by the Company in December 2022 and January 2023.