Alexanders Inc.'s wholly-owned subsidiary, 731 Office One LLC, entered into the Tenth Amendment of Lease with Bloomberg L.P. for its 731 Lexington Avenue property. Bloomberg L.P. will receive a rent abatement totaling $56,808,900 for the period from April 1, 2026, to December 1, 2026. This rent abatement is directly offset by a corresponding reduction in Bloomberg's existing tenant fund, which decreases from $113,617,800 to $56,808,900. The lease expiration date for Bloomberg L.P. remains February 8, 2040, and it continues to lease the entire office condominium. Concurrently, the Company amended its Loan Agreement, establishing a free rent reserve account with the lender in the amount of $56,808,900. Approximately $53.9 million of the free rent reserve account was already held in a lender reserve account, implying Alexanders contributed the remaining ~$2.9 million. During the rent abatement period, funds from this reserve account will be applied monthly to debt service, with any excess disbursed to Alexanders Inc. The Bloomberg Lease Sweep Period and related Trigger Period have ended. A processing fee of $100,000 and out-of-pocket expenses were paid to the lender.