2022-11-15T13:55:16-06:00 2021-12-31 271728945 PKF O'CONNOR DAVIES LLP 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2021-01-01 363922504 KEYSTONE-FLORIDA PROPERTY HOLDING CORP C/O PUBLIC SCHOOL EMPLOYEES' RETIRE SYS KEYS 6102656400 5 N 5TH STREET HARRISBURG PA 171011905 OJAS DESAI SECRETARY/TREASURER 6102656400 2022-11-15 1 OJAS DESAI 999009999 EDWARD G O'CONNOR P00434443 2017129800 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z OJAS DESAI 5 N 5TH STREET HARRISBURG PA 171011905 17315641 0 X N/A X 1993 FL THE COMPANY SERVES AS A TITLE HOLDING COMPANY FOR THE BENEFIT OF THE COMMONWEALTH OF PENNSYLVANIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM, A TAX EXEMPT PENSION FUND WHICH MEETS THE REQUIREMENTS OF SEC 401(A). 6 6 0 3 0 0 0 0 12538828 17094647 25707 9068 193806 211926 12758341 17315641 0 0 0 0 0 0 0 0 0 15091346 13573032 15091346 13573032 -2333005 3742609 160951786 157175881 134054665 2453915 26897121 154721966 X KEYSTONE-FLORIDA PROPERTY HOLDING COMPANY IS A SEC 501(C)(25) ORGANIZATION WHICH SERVES AS A TITLE HOLDING COMPANY FOR THE BENEFIT OF THE COMMONWEALTH OF PENNSYLVANIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM, A TAX EXEMPT PENSION FUND WHICH MEETS THE REQUIREMENTS OF SEC 401(A). 0 0 THE COMPANY SERVES AS A TITLE HOLDING COMPANY FOR THE BENEFIT OF THE COMMONWEALTH OF PENNSYLVANIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM, A TAX EXEMPT PENSION FUND WHICH MEETS THE REQUIREMENTS OF SEC 401(A). 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 41 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 X O'CONNOR REAL ESTATE ADVISORS LLC CO FRANK NUCCIO 2125460829 535 MADISON AVENUE NEW YORK NY 10022 WILLIAM Q OCONNOR PRESIDENT 1.00 X X 0 0 0 JOEL L BAYER VICE PRESIDENT 1.00 X X 0 0 0 OJAS DESAI SECRETARY & TREASURER 1.00 X X 0 0 0 JAMES H GROSSMAN JR DIRECTOR 1.00 37.50 X 0 490352 0 CHARLES J SPILLER DIRECTOR 1.00 37.50 X 0 403671 0 MELISSA A QUACKENBUSH DIRECTOR 1.00 37.50 X 0 238533 0 0 1132556 0 0 0 1 0 JONES LANG LASALLE PO BOX 95028 CHICAGO IL 606945028 MANAGEMENT FEES, PAYROLL, EXPENSE REIMBU 2232839 O'CONNOR REAL ESTATE ADVISORS LLC 535 MADISON AVENUE 6TH FLOOR NEW YORK NY 10022 ADVISORY AND ASSET MANAGEMENT FEES 900000 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 858131 KIMCO FACILITY SERVICES LLC PO BOX 747037 ATLANTA GA 30374 COMMERCIAL CLEANING SERVICES 597889 DWELL DESIGN STUDIO LLC 1280 HIGHTOWER TRAIL ATLANTA GA 30350 ARCHITECTURAL SERVICES 325739 16 RENTAL INCOME 531390 17094647 17094647 17094647 9068 9068 OTHER INCOME 531390 211926 211926 211926 17315641 17094647 0 220994 453411 900000 556185 966309 8433045 493632 1770450 13573032 X 200 200 11663522 13938512 2144966 1218633 638690 1313661 140700000 0 146500000 140700000 4408 4875 160951786 157175881 739834 1330133 1003015 900753 132000000 0 311816 223029 134054665 2453915 X 1000 1000 2887782 2887782 24008339 151833184 26897121 154721966 160951786 157175881 X 3742609 124082236 X 0 1 X 0 0 279794 279794 140420206 140420206 140700000 SECURITY DEPOSITS 123311 OTHER LIABILITIES 99718 223029 X 17315641 0 17315641 0 17315641 13573032 0 13573032 0 13573032 PART X, LINE 2: THE ADVISOR EVALUATED THE COMPANY'S TAX POSITIONS AND CONCLUDED THAT THE COMPANY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO, OR DISCLOSURE IN, THE FINANCIAL STATEMENTS. 0 0 0 JAMES H GROSSMAN JR DIRECTOR 0 490352 0 0 0 0 0 0 0 0 0 490352 0 0 CHARLES J SPILLER DIRECTOR 0 403671 0 0 0 0 0 0 0 0 0 403671 0 0 MELISSA A QUACKENBUSH DIRECTOR 0 238533 0 0 0 0 0 0 0 0 0 238533 0 0 FORM 990, PART VI, SECTION A, LINE 3 KEYSTONE-FLORIDA PROPERTY HOLDING CORP OWNS THE FORT LAUDERDALE GALLERIA REGIONAL MALL. THE OWNER RETAINED O'CONNOR REAL ESTATE ADVISORS, LLC, AN INDEPENDENT CONTRACTOR TO PERFORM INVESTMENT ADVISORY AND ASSET MANAGEMENT SERVICES. KEYSTONE-FLORIDA PROPERTY HOLDING CORP'S APPOINTED OFFICERS ARE ALL INDEPENDENT OFFICERS WHO ARE NOT SEPARATELY COMPENSATED BY THE OWNER. ADVISORY AND ASSET MANAGEMENT FEES WERE $900,000 IN 2021. THE DIRECT PAYMENTS FROM THE ORGANIZATION TO THE INVESTMENT ADVISORY AND ASSET MANAGEMENT COMPANY ARE REPORTED ON FORM 990, PART VII, SECTION B AS INDEPENDENT CONTRACTOR PAYMENTS. FORM 990, PART VI, SECTION A, LINE 6 THE COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM (TAX ID NUMBER 23-1739115) IS THE ORGANIZATION'S SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER ALSO HAS VOTING RIGHTS TO ELECT THE GOVERNING BOARD. THE MEMBERS OF THE GOVERNING BOARD APPROVE AND ELECT OFFICERS ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER APPROVES ALL MAJOR DECISIONS MADE BY THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN PREPARED BY THE COMPANY'S OUTSIDE ACCOUNTANTS AT PKF O'CONNOR DAVIES, LLP HAS BEEN PROVIDED TO ALL OFFICERS OF THE COMPANY AND DUANE MORRIS, ITS OUTSIDE COUNSEL FOR REVIEW AND COMMENTS BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT THE ORGANIZATION'S ADDRESS OR BY CALLING DIRECTLY AT (610) 265-6400. SCHEDULE O, FORM 990, PART X, LINE 24 ON OCTOBER 10, 2003, THE COMPANY ENTERED INTO A LOAN AGREEMENT WITH ITS PARENT, PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES' RETIREMENT SYSTEM, WHEREBY PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES' RETIREMENT SYSTEM AGREED TO LEND AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $132,000,000. THE LOAN ACCRUED INTEREST AT LIBOR (0.10% AT DECEMBER 28, 2021), PLUS A SPREAD OF 0.40%, PER ANNUM THROUGH FEBRUARY 18, 2021 AND 0.25%, THEREAFTER. ON DECEMBER 28, 2021, THE LOAN WAS REPAID IN FULL WITH PROCEEDS FROM A CAPITAL CONTRIBUTION. FORM 990, PART XI, LINE 9: NET INCREASE IN NET ASSETS RESULTING FROM CAPITAL TRANSACTIONS 132,000,000. NET CHANGE IN UNREALIZED DEPRECIATION IN FAIR VAL OF REAL ESTATE INVESTMENT -7,917,764. PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM (PSERS) 5 N 5TH STREET HARRISBURG PA 171011905 231739115 PUBLIC SCHOOL EMPLOYEE RETIREMENT PLAN PA 401A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0