The Company (Tables)

3 Months Ended

May 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Certain information about the properties of the Company that have been sold as of May 31, 2014, including the net proceeds generated by the sold properties, net of brokerage commissions and sales costs, are set forth below:

Property Location	Type of Property	Building Size (square feet)		Net Proceeds ($ in millions)	Date of Sale

Miami, FL	Short term property	53,000	$	4.1	September, 2012
Houston, TX	Short term property	42,000		3.6	November, 2012
Fairfield, CT	Short term property	43,000		5.5	December, 2012
Secaucus, NJ (Condo)	Short term property	2,000		0.3	January, 2013
Southfield, MI	Short term property	60,000		2.5	April, 2013
Marietta, GA	Short term property	77,000		2.9	July, 2013
Ft. Lauderdale, FL	Short term property	55,000		1.9	August, 2013
Elmsford, NY	Medium term property	59,000		22.0	August, 2013
Cherry Hill, NJ	Short term property	150,000		4.5	September, 2013
Addison, IL	Short term property	68,000		1.9	December, 2013
Norcross, GA	Short term property	69,000		1.1	February, 2014
Berwyn, PA	Short term property	69,000		3.0	April, 2014
Secaucus, NJ	Short term property	340,000		28.0	May, 2014
Total		1,087,000	$	81.3

Company owned properties

As of May 31, 2014, the Company owned five properties. Certain information about these properties is set forth below.

	Total
	Existing
	Square
Property Location	Feet

Williamsville, NY		102,000
West Palm Beach, FL		112,000
Westbury, NY		92,000
Paramus, NJ		77,000
New York, NY (Trinity Place Property)		57,000	*
Total Square Feet		440,000

*The Trinity Place Property consists of a vacant 6-story commercial building of 57,000 square feet, yielding approximately 174,000 square feet of zoning floor area as-of-right. The Company also has ownership of approximately 60,000 square feet of development rights from adjacent tax lots, one of which is owned in fee by the Company which is improved with a 4-story landmark building which cannot be demolished.