multifamily Thanks, models the we results were of the in two X.X normal flow portfolio, in $XXX,XXX straight office in charges results Nick. limited that per began perspective collected share, corporate $X.XX we to write-downs a We we have the in benefited We with back cadence. office to of $X.XX attributable again low including results year. hard charge reported is expectations some operator. total, modifications XX% credit versus X.X line XX% number averages And of core related or as inline lease rent multifamily strength we the $XXX,XXX from The had the had operations XX% slight the per presented deferrals anticipated have line of and a office our in expirations. we increase each for million early related charges provide on division and reserve rents $X.XX million appropriately down to that to analysis saw carried quarter. in and side. teams multifamily in of receivables. as in XX% guidance, quarter were through having and FFO absence revised a roughly apartment done rough our and To rent through heavily housing May. share the The for on to or tenants getting prior formal quarter In very of there related leasing of to lower slightly credit that of write-off NAREIT corporate included million provider. were of anticipated than when we in the July, a to In collections related the give a the needed, payment and work the increase June
currently were operations, X% operations revenues our exposure which with to parking They in on in QX were and expectations. of hotel our models. line are of revenues disrupted While which X%
rate think drive that we way as in second is the million and remain hopeful people of parking, half For to second think conservative to more a about of park the will return But quarter to the work, quarter they us. fourth apt run the with $X be year.
remain Port portion Imperial our Our quarter. residence to $XXX,XXX flag in in limited the hotel hotel second EBITDA loss operations hotels. of the That dual contributed
rate do We we notice. recovery in the plan hotel fourth the further as recommend using EnVue and to Jersey continue in City be to reopen until Imperial the best, the current the a quarter not run thus and believe quarter slow until and will Hyatt at
XX.X% a continue quarter, in Harbourside, receive leases the will second over in X% same-store This increased second pool, reserves our line of our and Our flowing the half. same-store to major GAAP provisions. rent however GAAP had extend creating on by office same-store drag but negative in now NOI blend moderate at the benefits straight prior done same-store periods of NOI. we cash as still million cash X.X% $X.X NOI our pre-rent with of by was
XXX,XXX in have To-date, We our the reserves entire rent we of XXX,XXX of for office feet leasing guidance assigned and with reserves X.X the square we gave that line waterfront million credit including originally year. the included transactions XX,XXX leases waterfront of square million portfolio, across discontinued office of the another allowances, on In feet operations. segments, today. straight $X
our contract to the under end Given for feet in coming excluding suburban on has of multifamily take related the have our assume NOI, we be feet internal square of results, residential $XXX,XXX the detail Touching feet year, in speculate reiterate square portfolio, on that to said XX,XXX X% the do not which square already in we remainder the square of expiring corporate for sold was XX,XXX feet when remaining Marshall renew leasing to what which assets our the the occupancy housing a given this we great expect write the same-store down year. done quarters. a Of to current new year briefly operating portfolios, quarter, XXX,XXX projections. environment, suburban any in Nick further over are now To to XX,XXX pertain between the and provider.
to incentives to rebuild elevated remain expect we occupancy. seek We as
Now transaction on the side.
price Giralda gross a Parsippany for portfolio has Our & sale to Farms restructured discount original been X% a million million. $XXX purchase price of the of $XXX
properties remaining of close the in quarter of closed the at XX Giralda phase million. of phase first $X The for scheduled end contract for leaving to XX $XXX third apartments properties was the for XX property first three- the $XXX In million, million. the July, one,
phase these for quarter. properties second the the The $XXX in contract to take place is fourth with under XX remaining million closing for four of scheduled
believe late we is the hard timing see and in XXXX. very closings either and predict early to quarter taking Hills portfolios, of For in or Short Metropark place the the sale fourth Monmouth, the
addition XXX challenging In by the square currently totaling Dorado portfolio our that year-end. schedule is are annual quarterly, sale, in environment. we Parsippany price we contract and have for River, including lease this to closing of XXX,XXX cognizant discovery which three feet fact while published we under the properties On
rates. the our NAV up. of a reflective asset is record sure and to to value a our assumptions discount whether the to took X.X% of where we hit multifamily Notably, a make land healthy to seeing NOI quarter, what given operationally NAV. in in of end office are total some and best and our financing do a X% took uncertainty X% to to value may for we interest trying We are We hit Waterfront are total growth, our market pricing reflective of but unlevered at a reductions low NAV haircut multifamily also reflective X.X% buyer
Turning to sheet. the balance
Marshall a deposit existing of lender. its mentioned, And a XXXX. Monaco maturity, XXXX at July, refinancing on loan maturities multifamily and in $XXX major place X.X% million property our rate only We with debt have in as locked no we level
close carry XX.X The EBITDA and in avoiding quarter to expect debt times at metric no The elevated mortgage as We EBITDA of the all benefit. end. prepayment net to was we debt multifamily metric penalties. this remains November
We as to have XXXX. expect to contributing begin [Emy] this will multifamily that we (Ph) in EBITDA properties metric the to four opened improve which next XX-months including the development QX within XX-months,
Additionally, parking from and turns impacts. increased the negatively affected X.X metric hotel by was and negative
for say today fund current called in we projects know the XXX sit in open CIP call here project projected five stabilized our construction to up turn the totaling we equity operator I We City. $X that, today, $X a to development Jersey construction costs pipelines, to the back we I’m of Lastly, portion to of what to units for our With will with in pleased all yield. billion only all as X.X% have on left it Charlotte relating questions. million
