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Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Urban Edge Properties Announces Fourth Quarter New Leasing Activity and Asset Sales

-- Achieved Same-Property Portfolio Leased Occupancy of 96%, Highest Since 2018 --

-- Closed on $101 Million of Asset Sales in December --

Urban Edge Properties (NYSE: UE) (the “Company”) today announced it achieved record leasing activity for the fourth quarter of 2023, executing 22 new leases comprising 234,000 square feet, including the backfill of a 94,000 square foot former Bed Bath and Beyond with a single national credit tenant at Totowa Commons in Totowa, NJ. With this activity, Urban Edge has reached same-property portfolio leased occupancy of 96% as of December 31, 2023, an increase of 150 basis points compared to September 30, 2023 and 100 basis points compared to December 31, 2022 and the highest level since 2018. Same-space new leases executed in the fourth quarter generated an average rent spread of 38% on a cash basis.

Urban Edge also announced today that it has completed the sales of Freeport Commons in Freeport, NY and a self-storage facility in North Bergen, NJ in separate transactions for a combined $101 million, representing a blended 5.8% cap rate on forward NOI. Freeport Commons was secured by a $43 million mortgage loan that was repaid at closing, generating net proceeds from both sales to the Company of approximately $56 million. The sale of Freeport Commons completes the 1031 exchange associated with the $309 million acquisition of Shoppers World and Gateway Center on October 23, 2023. The Company is also currently under contract to sell an additional non-core industrial asset for approximately $30 million.

“2023 was a transformational year for Urban Edge highlighted by record leasing volumes, significant capital recycling that provided accretive earnings growth, and sizable refinancing activity that has further enhanced our strong balance sheet,” said Jeff Olson, Chairman and CEO. “We continue to execute our business plan and remain on track to achieve our targeted FFO as adjusted of $1.35 per share in 2025.”

ABOUT URBAN EDGE PROPERTIES

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.

Contacts

For additional information:

Mark Langer, EVP and Chief Financial Officer

212-956-2556

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