−Removed: Our principal offices are
−Removed: located at 4400 Route 9 South, Freehold, NJ 07728.
−Removed: The office building is owned by our subsidiary, Avalon RT 9 Properties, LLC, which
−Removed: is in business of owning and operating an income-producing real property.
−Removed: Our property is well maintained, adequately meets our needs,
−Removed: and is being utilized for its intended purpose.
−Removed: We lease additional office
−Removed: space for operations.
−Removed: Office location is not crucial to our operations, and we anticipate no difficulty in extending these leases or obtaining
−Removed: comparable office space.
−Removed: We are obligated under various
−Removed: lease agreements providing for office space that expire at various dates through the year 2025.
−Removed: Total rent expense under these lease agreements
−Removed: was approximately $129,000 and $141,000 for the years ended December 31, 2023 and 2022, respectively.
−Removed: We believe that our current
−Removed: office space is adequate for our current and immediately foreseeable operating needs.
+Added: Our principal offices are located at 4400 Route
+Added: 9 South, Freehold, NJ 07728.
+Added: The office building is owned by our subsidiary, Avalon RT 9 Properties, LLC, which is in business of owning
+Added: and operating an income-producing real property.
+Added: Our property is well maintained, adequately meets our needs, and is being utilized for
+Added: its intended purpose.
+Added: We lease additional office space for operations.
+Added: Office location is not crucial to our operations, and we anticipate no difficulty in extending these leases or obtaining comparable office
+Added: We are obligated under various lease agreements
+Added: providing for office space that expire at various dates through December 31, 2025.
+Added: Total rent expense under these lease agreements was
+Added: approximately $127,000 and $129,000 for the years ended December 31, 2024 and 2023, respectively.
+Added: We believe that our current office space is adequate
+Added: for our current and immediately foreseeable operating needs.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.