v3.25.2
INVESTMENTS IN RENTAL PROPERTIES (Tables)
 6 Months Ended
Jun. 30, 2025
Real Estate [Abstract]  
Schedule Of Disposed Developable Land
The Company disposed of the following developable land holding during the six months ended June 30, 2025 (dollars in thousands):
Disposition
Date		PropertyLocationNet
Sales
Proceeds		Net
Carrying
Value		Gain (loss) on disposition of developable land
01/24/2565 LivingstonRoseland, NJ$7,139 $7,295 
(a)
$(156)
04/03/25Wall LandWall Township, NJ30,152 4,116 26,036 
04/29/251 Water StreetWhite Plains, NY15,563 5,033 10,530 
Totals  $52,854 $16,444 $36,410 
(a) Carrying value reflects previously recorded impairment charges of $2.6 million.
The Company disposed of the following developable land holding during the six months ended June 30, 2024 (dollars in thousands):
Disposition
Date		PropertyLocationNet
Sales
Proceeds		Net
Carrying
Value		Gain (loss) on disposition of developable land
01/03/242 CampusParsippany-Troy Hills, New Jersey$10,155 $9,371 $784 
04/16/24107 MorganJersey City, New Jersey50,630 50,929 (a)(299)
04/30/246 Becker Farm / 85 LivingstonRoseland, NJ27,985 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 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		PropertyLocation# of
Bldgs.		Rentable
Square
Feet		Property
Type		Net
Sales
Proceeds		Net
Carrying
Value		Discontinued Operations: Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net
03/20/24Harborside 5Jersey City, New Jersey1977,225Office$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 real estate and liabilities held for sale, net as of June 30, 2025 and December 31, 2024:
(dollars in thousands)
June 30,
2025		December 31,
2024
Land$22,941 $9,910 
Building & Other328,145 — 
Less: Accumulated depreciation(55,634)— 
Less: Cumulative unrealized losses on property held for sale(6,877)(2,619)
Real estate held for sale, net$288,575$7,291
Liabilities held for sale, net$40,862$—