Urban Edge Properties UE Union, NJ — Proceeds from sale of properties
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Where this comes from
Reported directly by Urban Edge Properties in its filing.
Tagged under the XBRL concept us-gaap:ProceedsFromSaleOfRealEstate.
The source filing: Urban Edge Properties’s 10-K, filed February 11, 2026.
- Filed
- Feb 11, 2026, 7:02 AM EST
- Fiscal year
- FY2025
- Accession
- 0001611547-26-000022
On October 29, 2024, the Company sold a single-tenant property located in Union, NJ for a gross price of $71.0 million and recognized a gain on sale of real estate of $23.3 million. The outstanding $44.5 million mortgage encumbering the property was assumed by the buyer at closing. This transaction was structured as part of a Section 1031 Exchange with the acquisition of The Village at Waugh Chapel which closed on October 29, 2024, allowing for the deferral of capital gains resulting from the sale for income tax purposes.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is Urban Edge Properties's union, NJ — proceeds from sale of properties?
- Urban Edge Properties (UE) reported union, NJ — proceeds from sale of properties of $71M in Q4 2024.
- What does union, NJ — proceeds from sale of properties mean?
- This metric represents the total cash inflows generated from the divestiture of real estate assets located within the specified geographic market. It reflects the company's capital recycling strategy and its ability to monetize specific retail properties to fund future developments or debt reduction. Monitoring these proceeds helps investors assess the liquidity realized from exiting non-core or stabilized assets in this region.
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