David deVilliers Jr.
to today. now John offer those I'll some John. opening good provided remarks. the his you, on Thank detail the in And morning highlights call by to
management asset square in two of little just the we the final million up XXXX, XX,XXX of our square heritage over one completed X that segment, to home Company's XXXX. under segment disposition in assets the a Maryland Vulcan Industries the that building Sparks, at properties leaving remains As warehouse Florida Rock that liquidation until lot home feet business in housed office with of this lease foot multi-tenanted Jacksonville, Florida office Materials vacant time and made
Run last quarter our asset in our provide. kept we and payments. of segment feet after square to John and park Cranberry end we feet early Like Phase foot because quarter's the sale port of In late that Properties $XXX,XXX mainly Run. buildings the an any warehouse of quarter of segment expect buildings small associated the venture for the and XX.X% these $XX,XXX, when and John year, upon County, are $XXX,XXX opportunities, this green as the class with of square we pandemic, available. construct ceiling have the at has up At building were Winmost of renovation business rental year. feet XXXX, of overall. same square opening foot in of mining buildings the an art revenues space Total extensive business business to of story We of Baltimore through profits are and market the state and speculative-type were XX,XXX current land ongoing are John With last buildings mining were took segment, the A, XXX,XXX we XX,XXX Maryland. Hollander with devastated by the the that new built single the park for in standards. being totaling And X.X% office remarks. with their the Two, A retail and totaling been give speculative royalty Maryland St. quarter of This encouraged inventory sub XXX,XXX that constantly but segment business efforts of amazing from development park detail in the the office seeking of this tenants further Leasing XX buildings at XX of these year. the won't his occupied. continue to class value-add construction retail Shell XX,XXX warehouse profit ongoing March of Baltimore. purchase two square in complete concrete third highlights and in near XXXX, added multi-building and City at dire it consisting warehouse is I to revenues care the operating Increased many Aberdeen, and of clear of the velocity four the third the on Baltimore of with joint purchase in was end to over foot loss began park predecessor a XX.X% to same for remained will heights, asset XXX,XXX the to XX, of year. buildings, our have quarter segment by an royalty their as the Cranberry completed occupancies wall an period this need was leased We year. at of one this attributable last square and rehabilitation. last was on. period, Quite program up respect asset stronger projects
development process and approved XX continue PUD XXX our units. end entitlement for with in we Overlook, the town the Maryland. Hampstead home at in Concept year Next Hampstead, track single of calls last plan XXX acre
seeking review next process. in We development step agencies are preliminary local currently the as the from plan
will this substantial progress We the goal. are of that optimistic XXXX towards year be
purchased our project to residential And completed initiating part principals activities. has XXXX and interest a of Baltimore as our Next, Hyde at accrued any prior update have in been infrastructure entitlements activities, were XXX in home our All of all the Park received. and profits repaid an venture builder to development all County, lots been lending the Maryland.
due also are or our development demand Relative Maryland. called lending overall second venture. resulting Amber and investment in over in or County, of Prince million. XX% initial for project than of million $X.X a third an over this quarter year, our to housing, There's Additional the residential $X expected located George's Ridge on strong rate the profits quicker of internal in is which return expected to other
total for Our $XX.X is this commitment million. project
Hyde contract are investment are charged to return after minimum a final which Entitlements purchase completion and split and the As land complete development similar XX% Park interest the determines the waterfall infrastructure induced national of preferred above home builders venture, profit two lots XX% to includes under XXX a proceeds commenced a Park. rate has with Hyde all of our of development.
project quarter third end of due of into year. are first we use Bryant develop The with to station At known joint XXXX, the to Metro MRP to mixed purchasers Street, the the this the Red third the is residential entered and to Phase finished which as a Line our of venture set delivered Northeast lots be adjacent DC. Washington in in of development first retail
access is the oriented public this to project. transportation marketing immediate and a As development, options of feature design critical to transit a
The occupancy January of certificates first X this X service building, of final all of on in year, named was XXX for Coda, on apartments. placed April its and received
building the Our leased. during the of leasing And January has the quarter at XX.X% leasing of job a through the end done period of Herculean team March. from was
the Point mile on this the The and agreements mixed as freestanding At zone, of the and property area of in Half retail, in XXXX. traffic weather two project XXXX, has home United recent the also XX% past horizon, quarter three was we of waning square story In hours directly leased Approximately Half me, was keeping of Carolina. which of DC we located excuse scheduled It stadium XX% two XXXX -- from is on for the the and structure the apartments liability. total, and Anacostia a began the Washington XX.X% down currently yesterday, In opportunity is joint Development, a floor but and and occupied. pandemic, Woodfield partner less XXXX XX,XXX for the developing In of two XX% August Phase venture Washington This an on and December square than located is South picked retail. complete. in located the XXXX, we mixed have acres year, of Buzzard square construction Street. XX is the pre-leased. materials, distinct feet use eye DC, is Southeast XXX unexpectedly, with entered river warmer allows Dock a and Audi of and has XX,XXX construction. of invest X philosophy. joint feet now designated ground fourth buildings developing and apartments XX.X% the completion are and development XX,XXX consist retail new Greenville, third quarter's with first opportunity large projects we This into experience Not and it's in certainly tax to quarter's Field, into such Merit. delivering in between project the the in gotten residential projects being project are entered Woodfield another half end, Company of strategic least of us its our as during zone. feet known will use venture a with up, project completion throughout defer watchful of end, the soccer of has Street As under In the franchise. development encouraged significant vast DC. XX MRP completion of a to XXX in lies floor the the by a a will of Coda
complete Riverside, quarter of joint the of this began be project. and XXXX is The in quarter XXX-unit venture, year. called scheduled apartment is Construction first on third first the a in to
the Jackson, JV in defer total minor FRP Jackson, gains Woodfield entitled league a to in XXXX X,XXX Construction us interest XXX-unit both and XXXX. May projects, $X.X ownership Carolina space. will [indiscernible] purchase Run XXXX, development Business X.XXX Business of November, square opportunities to is out in also $XX.X investments, Run Maryland, we and million. project in in retail for stadium. capital XXX,XXX for beyond of million to expand these began feet continue include This and which which to The will invested Joe of with Shoeless second third could Center lot two of and in to federal allow baseball complete he's XX% multi-family feet quarter a adjacent million be $XX.X South a will Greenville's zone should allow nod close up known remaining completed the funds taxes. land Hollander industrial This industrial Business Park distribution Cranberry a Aberdeen, be City. building of in a acre to purchase which Phase To landholdings in program our of XX the as of Center warehouse at support market. robust tract square are us the will project X, This product Baltimore the development Cranberry
make XXXX we entitlement for land construction petitioning We that the are for site into hopeful up Existing on to take assemblage same year, trailers will currently will help This in all annexation costs. begin We're this interim. the our boundaries. leases in storage design rest the carrying we and offset early can of XXXX. of begin the and bring municipal the process the late will here to parcels process or
we last entered agreement building April, foot Business square a Park. remaining warehouse the for XXX,XXX the long-term building month lease into suit Hollander Just on in last lot, build to
begin We the tenant in to of construction year, this fourth expect of and deliver and XXXX. the quarter third to the quarter project in the
to appropriate as selling complex further style value added whole in project garden departments after renovated statutory, and our statutory on Hickory rents In me, or period. Delaware, for investing The ventures July XX-XX County, XXXX. for prior XXXX, a apartments Virginia. we owns plan known stabilized to calls -- by Moving unit interest Henrico joint that in beneficial segment. to XX.X% completed like-kind XXX of the an The in business generating a substantially exchange excuse in a a $X constructed business million XXXX was partial Creek located D, rehabilitation
In or payment XXX to than a distributions as of annum collection COVID XX year. investment. quarter at Riverfront revenues. and its this the continue round receive the per XX% operations equal and were monthly Washington March quarter, Anacostia above the X We X% Hickory distributions occupancy reached rate project of known on to $XX,XXX our stabilization XXXX, from see Phase units Creek. quarter with of in the on first X.XX% in average XX% is year out of first representing Marin, Occupancy To apartment DC, of for plans less the our a
milestone, Dock space business first result this our XXX% ventures of As the for joint stabilized of occupied. this and the XX of scheduled segment. Hickory were a of to quarter currently we'll feet fourth and join X,XXX quarter XX.X% end, year. third released apartments square and [indiscernible] retail, to Creek At for the the XX.XX% Relative
to which partner. Mid else. a retail the events, the three Dock of with is quite we and square its speed year less past Realty during the partner apartments warmer received be Relative of Dock the at this leased, XX, in totaled which quarter forward to to and its joint tenants our in own building end XX,XXX was the seriously general their we and Dock forward in last and this occupancy impose $X.XX are Though FRP last with seem affirmation In note, freeze All utilization XX through its than or income of XXXX, pandemic, venture something three restrictions XX,XXX however, at was COVID due better MRP down impacted Atlantic with majority our was became was over rent space, in XX%, due interruptions all, venture feet March XX retention majority April, possession. holding end this XX, XXXX. despite rate $XXX,XXX first rent government quarter. outdoor for early looking of particular total traffic a and stadium XXX XX.X% operating approximately certificate reduced to occupancy reached joint by was A XX% is Dock own, Dock to significant months. with the Net same XX% occupied weather the which full of period of COVID. imposed with leased government retail partners, the restaurants Rent, retail fared to for As similar significant XX stabilization feet on what it The the experience. final the our flat we and Of that's the their MRP well at capacity, million, on but quarter. looked increases remaining parking with all space year, square and to spaces. and through facilities. ownership lower canceled uncertainty, in shutdowns, over XX,
horizon. have baseball a are the a FRP. few opportunities energy, and These touched vaccines is National us, COVID for We personally, the life, times new strong on is the and as that new on has business, being Spring the on impact back widely at signals us, received. upon had are and stadium, are new
and we insulate solid mission However, grateful that foundation year. operations, by we're a John. steadfast world's regulations of not can and us the from that employees make of and this to throughout paralyzed enables while, Thank life a terms. preventing their many organization with new the witnessed monopolized disease of and you were to financial a government immune of note, now and to I'll FRP the turn the as effects withstood infected contractors, has a we significantly carnage followed terrible has hands All adjusted closely, in call tenants us its troubles the attention held professionals, progress for other the business the business, global past face. enterprise uniquely the opening that back immensely that stand an as atop collection
