INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Summary Of Unconsolidated Joint Ventures (Details)
$ in Thousands |
9 Months Ended |
|
|
|
Sep. 30, 2022
USD ($)
ft²
apartmentUnit
potentialApartmentUnit
room
floor
|
Oct. 11, 2022 |
Dec. 31, 2021
USD ($)
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Carrying Value |
$ 129,575
|
|
$ 137,772
|
| Balance |
689,074
|
|
|
| Metropolitan at 40 Park | Debt Maturity A |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Balance |
$ 36,500
|
|
|
| Interest Rate, Variable |
2.85%
|
|
|
| The Shops At 40 Park Property | Debt Maturity B |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Balance |
$ 6,067
|
|
|
| Interest Rate, Variable |
1.50%
|
|
|
| The Shops At 40 Park Property | Debt Maturity B | Subsequent Event |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Interest rate, stated |
|
5.125%
|
|
| Lofts At 40 Park Property | Debt Maturity C |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Balance |
$ 18,200
|
|
|
| Interest Rate, Variable |
1.50%
|
|
|
| Metropolitan and Lofts at 40 Park | The Shops At 40 Park Property |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Residual ownership interest |
25.00%
|
|
|
| Rentable Square Feet | ft² |
50,973
|
|
|
| Metropolitan and Lofts at 40 Park | Lofts At 40 Park Property |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
59
|
|
|
| Indirect ownership interest |
50.00%
|
|
|
| Number of stories | floor |
5
|
|
|
| PI North - Land |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
771
|
|
|
| Residual ownership interest |
20.00%
|
|
|
| Multifamily |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
2,146
|
|
|
| Multifamily | Metropolitan and Lofts at 40 Park |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
189
|
|
|
| Company's Effective Ownership Percentage |
25.00%
|
|
|
| Carrying Value |
$ 1,980
|
|
2,547
|
| Balance |
$ 60,767
|
|
|
| Multifamily | RiverTrace at Port Imperial |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
316
|
|
|
| Company's Effective Ownership Percentage |
22.50%
|
|
|
| Carrying Value |
$ 5,547
|
|
6,077
|
| Balance |
$ 82,000
|
|
|
| Interest rate, stated |
3.21%
|
|
|
| Multifamily | Capstone at Port Imperial |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
360
|
|
|
| Company's Effective Ownership Percentage |
40.00%
|
|
|
| Carrying Value |
$ 24,287
|
|
27,401
|
| Balance |
$ 135,000
|
|
|
| Multifamily | Capstone at Port Imperial | Secured Overnight Financing Rate (SOFR) |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Interest Rate, Variable |
1.20%
|
|
|
| Multifamily | Riverpark at Harrison |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
141
|
|
|
| Company's Effective Ownership Percentage |
45.00%
|
|
|
| Carrying Value |
$ 0
|
|
0
|
| Balance |
$ 30,192
|
|
|
| Interest rate, stated |
3.19%
|
|
|
| Multifamily | Station House |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
378
|
|
|
| Company's Effective Ownership Percentage |
50.00%
|
|
|
| Carrying Value |
$ 32,479
|
|
33,004
|
| Balance |
$ 91,914
|
|
|
| Interest rate, stated |
4.82%
|
|
|
| Multifamily | Urby At Harborside |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
762
|
|
|
| Company's Effective Ownership Percentage |
85.00%
|
|
|
| Carrying Value |
$ 62,900
|
|
66,418
|
| Balance |
$ 189,201
|
|
|
| Interest rate, stated |
5.197%
|
|
|
| Guaranteed amount |
$ 22,000
|
|
|
| Multifamily | PI North - Land |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | potentialApartmentUnit |
771
|
|
|
| Company's Effective Ownership Percentage |
20.00%
|
|
|
| Carrying Value |
$ 1,678
|
|
1,678
|
| Balance |
$ 0
|
|
|
| Interest rate, stated |
0.00%
|
|
|
| Multifamily | Liberty Landing |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | potentialApartmentUnit |
850
|
|
|
| Company's Effective Ownership Percentage |
50.00%
|
|
|
| Carrying Value |
$ 300
|
|
300
|
| Balance |
$ 0
|
|
|
| Interest rate, stated |
0.00%
|
|
|
| Other | Hyatt Regency Hotel Jersey City |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Number of Apartment Units or Rentable SF | room |
351
|
|
|
| Company's Effective Ownership Percentage |
50.00%
|
|
|
| Carrying Value |
$ 0
|
|
0
|
| Balance |
$ 100,000
|
|
|
| Interest rate, stated |
3.668%
|
|
|
| Other | Other |
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
| Carrying Value |
$ 404
|
|
$ 347
|
| Balance |
$ 0
|
|
|
| Interest rate, stated |
0.00%
|
|
|