−Removed: We do not own any real estate or other physical properties.
−Removed: We use the office space of the Administrator located at 89 Davis Road, Suite 100, Orinda, CA 94563 and reimburse the cost to the Administrator pursuant to the
−Removed: Administration agreement.
−Removed: We believe that the office facilities of the Administrator are suitable and adequate for our business as it is currently conducted.
+Added: We currently own and manage one commercial real estate property (Addison Corporate Center) located in Windsor, CT and two residential apartments:
+Added: Commodore Apartments and Pon De Leo Apartments,
+Added: located in Oakland, CA.
+Added: The Addison Corporate Center is owned by the Property Owner, which is a wholly owned subsidiary of the Operating Partnership.
+Added: The Commodore Apartments are owned through our subsidiary Madison, and the Pon De Leo Apartments
+Added: are owned through our subsidiary PVT.
+Added: These properties serve as collateral to the mortgage notes payable of underlying companies.
+Added: See Note 8 under Index to Audited Consolidated Financial Statements in this Annual Report.
+Added: Addison Corporate Center contains 605,502 square feet, of which approximately 185,000 square feet is office space and the remainder is designated as flex office/warehouse space.
+Added: Commodore Apartments is a mid-rise apartment building built in 1912 and has 48 units.
+Added: As of June 30, 2021, Commodore Apartments is approximately 81.3% occupied.
+Added: Apartments is also a mid-rise apartments building built in 1929 and has 39 units.
+Added: As of June 30, 2021, Pon De Leo Apartments is approximately 94.9% occupied.
+Added: See “Properties” under Management’s Discussion and Analysis of Financial
+Added: Condition and Results of Operations of this Annual Report.
LEGAL PROCEEDINGS
3 unchanged sentences
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.