the call John, Thank you, and good afternoon. this those on to day
a redeployment the up greater opportunities highlights I'll remarks, John's I been As capital in section. business. for continuing provide the the of we've the into development the get to future opening detail follow busy as of
our in we Relative and Baltimore third-party in the of managed to a asset segment, our lot XX the building of the office Jacksonville to vacant management still is XXXX, the owned beginning remains held leased that that management's that buildings offices at all corporate once home is tenant. and
of a XX.X Dorsey sale office purchased Arundel that the road office During and platform foot County sold Quarry million same of XXXX square Group of XXXX for last the to Drive development the $X.X for Anne the Blackstone the subsidiary we building at warehouse in million quarter, XXX,XXX in at year. the May to completed our local warehouse family company
of XX% park, some increase to have the in of balance and Some in of perfect the and Cranberry significant strategy quarter. reverse seeking bringing XXXX to the deemed this the to marketability of over for value the our of deferrals of of and out the process business quarter we're redevelopment leased $X.X leasing the and the the occupied efforts assets our funds. acquisition end sale proceeds were we Cranberry enjoyed totaling million tax ’XX, of of business a project park used Run identifying the success, to and as with suitable completed first purchase early other part as Subsequent
Maryland. Baltimore, at Besides the addition placed lots on this spec is industrial it a five asset this building park quarter. Park warehouse in XXX,XXX transferred Run, segment feet Harford service when totaling is building management another management the addition and business The in County, square development Cranberry segment. asset welcome building from a Maryland one our was Run of to was space, to Cranberry of the remaining latest three Hollander during constructed business in our into Business segment industrial/flex
a clear This of compared period XX segment. last same expenses, of project in operating in state-of-the-art tenant were XX,XXX of distribution a corporate leased down height the to Total the or of take the building complete. as loss feet. up the year, with $XXX,XXX over Holland the due quarter the XX.X% XX% square acquisition of Operating foot quarter is Cranberry building the week to will associated $XX,XXX, segment are tenant business $XXX,XXX, first improvements this increased XXXX this addition year. spec expenses to was higher is $XX,XXX when last It same Run occupancy and revenues and last allocation
period, the with for Among XX% Relative the been from operating $XXX,XXX in $X,XXX,XXX resulting quarter to operating $X,XXX,XXX the increase verses in and and were total mining XX% begun in royalty, versus has than active sales same our $X,XXX,XXX revenues increased this that to increase. correspondingly increased a in the double reasons which, this on in royalty mining profit last year, now mines, period increase. same resulting in the for the profit $X,XXX,XXX trend from XX for minimum segment a Total Fort is receiving. contribution more along of quarry, Myers of X tonnage revenue earnest, we the the had was revenue
many development segment, the in with were quite we busy queue. projects the In
feet year. projects, at XX,XXX office end and of venture of of John feet, County, joint with So replacing consisting buildings and St. new two in respect Properties, one totaling service XX,XXX story bay our Baltimore the last they single with to one, square small two buildings, include, Maryland, totaling phase square ongoing retail
marketing the XX, XX% component of project. the in efforts resulted lease up of June office have of of a As
lots. Carroll Two, our efforts continue as building townhouse our Hampstead provide of Maryland, to Concept single family combination for favorable continue development now to XXX plans unit towards achieving County, planned Overlook. for in be acre tract XXX and a status known to
known and We including home receipt builder for Baltimore authorities. as $XXX,XXX quarter a a to quarter of subject land building the have X single non-refundable XXX for Three, under and that were townhouse venture previously the during conditions, development lots as now contract residential deposit Park the approved a sale County, appropriate [indiscernible] the family went of Maryland, in early currently be XXXX. could certain by as government Settlement of a first to lots. aforementioned Hyde the
mixed XXXX. floor expected receive to Upon apartments in Washington XXX schedule development of feet Construction of and square the of first will resident The the quarter. is early of at our building X its was completion, retail. phase the first of Maren, is complete Riverfront in this Anacostia project end on consist of as ahead use now XX% the XXXX known its and DC,
we opportunity Union develop adjacent Realty known, Riverfront X did of it's which north MRP Bryant line the Dock with Like or joint known joint metro a for our another on station with use in partner Street, red a DC, stops MidAtlantic the broke at XX and Washington venture or is now of ground retail FRP Northeast phase majority first phase in just development, is to Station. mixed a two we to Five, phase residential MRP, venture Partners is multi-phase earlier of partner. which year, as X, is this this
a retail. another designated joint property in to is venture. We us square first defer the equity on to majority profits common allows warehouse XX,XXX floor feet interest sale. $XX and in and equity gains freestanding of retail a X the preferred the Phase which feet been opportunity contributed apartments This like of some this the and XXX of from and pre-tax $XX ownership million consist capital located venture, will the million zone, in in square hold will this Maren, has of XX,XXX pre-leased.
XX, complete. XX% June was of construction As
for of with capital warehouse opportunity gains long Finally, sale proceeds created XX, be from date assuming identified, at XXXX. term million for the identification The investments will the expiration the we additional funds $XX zone is opportunity end of benefits. that asset quarter, tax August can appropriate an fund qualify the
XX the Moving joint points was average same on Dock for up basis segment, a June was XX, occupied. XXX XX.X% And stabilized year XX.X%, the ago. from our quarter quarter on to occupancy venture
that During quarter average year. three of for retail renewed Net income up component two was continue NOI checks, levels year-to-date. restaurants retail the XX.X% $X,XXX,XXX, providing of at X.X%. XX% up bolster to increased total with the an overage last operate the of at high three this suites segment The which the compared make same the quarter, helped leases rent operating to to
joint between XX the XX% the is venture FRP company Dock majority which ownership. a with MRP, owner is in a and
to forces from from The before, cash stated landscape in sale reshaped began own with very our ago direction company the as our of asset were at disposition of development, buildings, by ongoing focus their towards been we different the disposition a teams As and classes, The asset it, XX infrastructure start of support than the and has party the demonstrates. required shifted dramatically forward. we XXXX. year and retain has a the of in segment in XXXX number best that business of partnering our respective both our development has projects we class third our
As believe forecasts, the possibly do. remain memories Despite as an in with crisis that risks we're we of we move front volatility of commitment enviable the prize of position, and fade. sparked consensus we or and indicators XXXX further markets, redeploy from these Rest the begun as liquidity. economic our steadfast those in the our center to proceeds maybe given because of guide of in severe financial assured, currently those XXXX, remain naturally of times associated the liquidity this everything we the has us and trying lack many memories can. and to We regarding global recession carefully and financial
in compete. some of the assets We in best which segments business we the have
from acceptability We segment yardstick all ability grow future our for another measuring these and demonstrated of Dock rents use the royalty the As continued at to opportunities. XX. investment quarter by amazing as mining and a
John. and turn it now I'll you, back to Thank
