Thank you, Marshall.
Same-store The share per on mainly over back closing $X.XX brief tenants prior part $X.XX core in turning decrease the for of NOI highlights move-outs year-over-year to offset by XXXX. X.X% first Jersey the portfolio by in again in adjustments with revaluation estate from FFO and executed of for move-outs disposition reported the before once call As NOI real GAAP tax expense. quarter, our remarks. is a the year-over-year City completed the due Waterfront few the fourth tax year. of fall assets cash Waterfront to sales as NOI versus declined, We by X.X%, lost its declined Mike quarter the program. and the same-store by XXXX driven for declines since our of favorable
line XXXX our well as tax $XX We real other Jersey by tax in $X was tax XXXX blended across in see of the reduced. in vacancy million $XX estate current the million portfolio, expense to almost impact expense adjustments the our QX, these as successful Given in range. The the million City, normalizing NOI improved tax quarter. item appeals
a Now on dispositions. second touching for
formal remarks, the activity noncore site from activity release, of one for end our a in total noted former We proceeds. to in $XX.X in press marks land million the parcel disposition sold office the program. vacant during Mike's the combined office XXXX with a property of subsequent our to disposition the year-end quarter As
five your-end, foot or per the $XX cap a rate. also X.X% we sold portfolios $XX.X executed square our million Flex X.X% Distribution of for cap to two a at Subsequent sale for proceeds first office in Center Elmsford of rates. in We the million $XXX properties
assets We contract $XX also of million. to an multifamily be a under million disclosed million sold. noncore are There asset noncore four for $XX totaling carried This additional balance. $XX mortgage assets
million towards top $XXX under to an sales $XX year. These half disposition million be $XX includes weighted noncore guidance million the sales $XX and of $XXX million, closed contract. of of on will transactions only to XXXX $XX second of of additional range additional the million therefore, million Our assets of the
of As sold we the for Mike Flex under $XXX our sub second early portfolios with expected division the million have four mentioned, in closing remaining contract the we quarter.
shift now but trade to venture exchanges As into are core consolidation. guidance. any our prune for our part joint the our always, another in would XXXX assets of to of we budgeted look activity opportunistically of that will not markets, acquisitions timing I this of some have in
civil were quarter. Prudential's previously XX% As announced quarter. down by City Investor with an of million our expected be the This very consolidated we we in at $XXX under at second valuation early Jersey of XXst, for the acquisition asset will equity laws in the MX, $XX in in January Day, first interest closed closing On contracted million. the
X, exchange, of as in February purchased our XXX is we adjacent which on Wood, XXX,XXX-square-foot Lastly, property, of Wood XXXX office the property to XX part Metropark.
balance the to sheet. Turning
placed deliveries. treasuries averaged multifamily X.X% points. we spread XXX on basis development run our to During rates two and the XXXX permanent quarter, averaged loans All
the from able that metric to This in debt the proceeds and line the these on $XX press show approximately X.Xx our X.Xx of from quarter. credit. reaffirming net We we outstanding XXX. XXst Elmsford real of the EBITDA Our impacts Lofts. tax repay to to Current to $X.XX of impact into exchanged in mainly of use had adjustments. projection be release, a timing for after our both before to Flex Topic of expected estate Soho to be due guidance December on benefit transactions we remaining to million was of $X.XX we the pay in Shifting sales debt quarter $X.XX down sale the XXX in $XXX balances stated will with the $X.XX million portfolio tax given Flex as $X.XX FFO balance the Day our range guidance, are on Investor Topic of core ends a approximately
XXXX. in on $X.XX cash our to in range a same-store see of minus $X.XX of core XX% quarter guidance will current to at X% basis. Going to NOI X% range. a FFO basis be positive of minus fourth end We NOI minus range XX% projections turning coming forward, the on GAAP showing a same-store cash GAAP minus With the
same-store This business the process a a approximately the for a performance multifamily portion projecting NOI we give to on are on better gives read X% of expanded to protracted an accounts range we expanded believe current and range for our All-in-all, in units. the We of in through investors multifamily X% of us X,XXX also outperform. that are built guidance XXXX. chance lease negotiation pool
company, As to the is strategy from a our I look strategy its looks execute at when focus. and on the I over transformation its team Waterfront are now ago, The year assets back and started whose simplicity hallmarks striking.
and core easily market, home enhance square proceeds. daily an XX.X% further feet management. and senior only is Our vacancy focus disposition current capital immense cash headquarters from of to to flow be the plus and all requirements opportunity the are buildings can our funded has The The Waterfront, is modest of million leased. the annual
development The second is program. multifamily avenue our of growth
February, construction assets in where on through current experienced of equity business end Waterfront, comments. multifamily five at I pipeline starts. We recently assets to raised well from the lends. billion will assets look spend the next we asset of at we of three it at NAV either has additional that, Rockpoint record of to look drawn the entity be commitment XX% of remaining Our recycling development round will and the equity have The or our fund lease-outs. over turn financing closing concentrated $XX self-funding by as at level it's as to back Mike for With level the
