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Washington, DC 20549






Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 7, 2022




(Exact Name of Registrant as Specified in its Charter)





(State or Other Jurisdiction

of Incorporation)


001-31817   42-1241468


File Number)


(IRS Employer

Identification No.)

928 Carmans Road

Massapequa, New York 11758

(Address of Principal Executive Offices) (Zip Code)

(516) 767-6492

(Registrant’s Telephone Number, Including Area Code)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class





Name of each exchange

on which registered

Common Stock, $0.06 par value   CDR   New York Stock Exchange
7-1/4% Series B Cumulative Redeemable Preferred Stock, $25.00 Liquidation Value   CDRpB   New York Stock Exchange
6-1/2% Series C Cumulative Redeemable Preferred Stock, $25.00 Liquidation Value   CDRpC   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter) Emerging Growth Company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐




Item 2.01.

Completion of Acquisition or Disposition of Assets.

On July 7, 2022, Cedar Realty Trust, Inc. (the “Company”) and certain of its subsidiaries completed the previously-announced sale of 33 grocery-anchored shopping centers and two redevelopment properties to DRA Fund X-B LLC, a Delaware limited liability company (“DRA”) and KPR Centers LLC, a Delaware limited liability company (together with DRA and their respective designees, the “Grocery-Anchored Purchasers”) for total gross proceeds of approximately $879 million, including assumed debt (the “Grocery-Anchored Portfolio Sale”). There were no material relationships among the Company, the Grocery-Anchored Purchasers, or any of their respective affiliates.

The table below sets forth the assets sold in the Grocery-Anchored Portfolio Sale:


Property Name



Academy Plaza    Philadelphia, PA
Bethel Shopping Center    Bethel, CT
Carmans Plaza    Massapequa, NY
Christina Crossing    Wilmington, DE
Colonial Commons    Harrisburg, PA
Crossroads II    Bartonsville, PA
East River Park    Washington, DC
Elmhurst Square    Portsmouth, VA
Fishtown Crossing    Philadelphia, PA
Franklin Village Plaza    Franklin, MA
General Booth Plaza    Virginia Beach, VA
Girard Plaza    Philadelphia, PA
Groton Shopping Center    Groton, CT
Halifax Plaza    Halifax, PA
Jordan Lane    Wethersfield, CT
Kempsville Crossing    Virginia Beach, VA
Lawndale Plaza    Philadelphia, PA
Meadows Marketplace    Hummelstown, PA
New London Mall    New London, CT
Newport Plaza    Newport, PA
Northside Commons    Campbelltown, PA
Norwood Shopping Center    Norwood, MA
Oak Ridge Shopping Center    Suffolk, VA
Oakland Mills    Columbia, MD
Palmyra Shopping Center    Palmyra, PA
Quartermaster Plaza    Philadelphia, PA
Senator Square    Washington, DC
Shoppes at Arts District    Hyattsville, MD
Swede Square    E. Norriton Township, PA
The Point    Harrisburg, PA
The Shops at Bloomfield Station    Bloomfield, NJ
The Shops at Suffolk Downs    Revere, MA
Trexlertown Plaza    Trexlertown, PA
Valley Plaza    Hagerstown, MD
Yorktowne Plaza    Cockeysville, MD


Item 9.01.

Financial Statements and Exhibits.

(b) Pro forma financial information.

The pro forma financial information of the Company as adjusted to give effect to the Grocery-Anchored Portfolio Sale is presented in the unaudited pro forma condensed consolidated financial statements filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.


(d) Exhibits


99.1    Unaudited Pro Forma Condensed Consolidated Financial Statements
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)



Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: July 13, 2022   CEDAR REALTY TRUST, INC.

/s/ Bruce J. Schanzer

    Name:   Bruce J. Schanzer
    Title:   President and Chief Executive Officer