just less than$1.9 billion. Now, according to a report in The BergenRecord, any or all of those properties, a large percentage ofwhich are in New Jersey, are for sale as the ailing insurer triesto raise cash.

AIG had announced last month that it would try to sell somenon-core assets, including its AIG Global Real Estate InvestmentCorp. The latter controls the former Kushner portfolio, and theproperties themselves are managed by Morgan. An AIG spokesmandeclined to comment on the report, and a spokesman in MorganProperties' office here told GlobeSt.com that, "we are under ordersnot to comment on any properties in the portfolio."

AIG is reported to have put $500 million of equity into theKushner deal, with several banks funding the rest of the saleprice. As far as the current value of the portfolio and what theproperties might garner in the current market, views are mixed.