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SEC Filings

8-K
FOREST CITY REALTY TRUST, INC. filed this Form 8-K on 10/30/2018
Entire Document
 
Forest City Realty Trust, Inc. and Subsidiaries
Supplemental Operating Information


Development Pipeline
Projects Under Construction
September 30, 2018
 
 
 
 
 
 
 
Cost at Completion (b)
 
Cost Incurred to Date (c)
 
 
 
 
 
 
 
Anticipated
Legal
 
 
 
Cost at
 
 
Cost at
 
 
 
 
 
 
 
Opening
Ownership
Company
Cost
Company
 
Cost
Company
No. of
 
 
 
Lease %
 
Location
Date
(a)
% (a)
at 100%
Share
 
at 100%
Share
Units
 
GLA
 
(d)
 
 
 
 
 
 
 
(in millions)
 
 
 
 
 
Projects Under Construction
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Apartments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ballston Quarter Residential (e)
Arlington, VA
Q4-18/Q1-19
51
%
(f)
51
%
 
$
173.6

$
88.5

 
$
129.2

$
67.6

406

 
53,000

 
 
Aster Conservatory Green North
Denver, CO
Q1-19
0
%
(g)
0
%
 
60.7

0.0

 
27.1

0.0

256

 

 
 
The Yards - The Guild
Washington, D.C.
Q1-19
0
%
(g)
0
%
 
94.9

0.0

 
72.7

0.0

191

 
6,000

 
 
Capper 769
Washington, D.C.
Q1-19
25
%
(f)
25
%
 
72.2

18.0

 
46.8

12.3

179

 

 
 
The Yards - L2
Washington, D.C.
Q1-20
0
%
(g)
0
%
 
134.5

0.0

 
52.0

0.0

264

 
14,000

 
 
VYV East Tower
Jersey City, NJ
Q4-20
50
%
(f)
50
%
 
228.8

114.4

 
43.8

23.6

432

 
19,000

 
 
 
 
 
 
 
 
 
$
764.7

$
220.9

 
$
371.6

$
103.5

1,728

 
92,000

 
 
Retail:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ballston Quarter Redevelopment
Arlington, VA
Q4-18
51
%
(f)
51
%
 
$
115.6

$
58.9

 
$
103.5

$
59.2


 
307,000

 
72
%
Total Projects Under Construction (h)
$
880.3

$
279.8

 
$
475.1

$
162.7

1,728

 
399,000

 
 
Estimated Initial Yield on Cost (i):
5.7% - 6.2%


 
 
 
 
 
 
 

Property Openings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost at Completion (b)
 
 
 
 
 
 
 
Date
Legal
 
Cost
Cost at
No. of
 
 
 
 
 
Location
Opened
Ownership (a)
Company % (a)
at 100%
Company Share
Units
 
GLA
 
Lease % (d)
 
 
 
 
 
 
 
(in millions)
 
 
 
 
 
2018 Property Openings
 
 
 
 
 
 
 
 
 
 
 
 
 
Apartments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Mint Town Center
Denver, CO
Q4-17/Q3-18
88
%
 
88
%
 
$
94.8

$
83.4

399

 
7,000

 
36
%
Arizona State Retirement System Joint Venture:




 




 


 


Ardan
Dallas, TX
Q2-18/Q4-18 (j)
30
%
 
30
%
 
121.8

38.0

389

 
4,250

 
16
%
Axis
Los Angeles, CA
Q3-17/Q2-18
30
%
 
30
%
 
141.7

43.1

391

 
15,000

 
56
%
Total Property Openings
$
358.3

$
164.5

1,179

 
26,250

 
 

See footnotes on the following page



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