MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS - Summary Of Mortgages, Loans Payable And Other Obligations (Details) - USD ($)
$ in Thousands |
1 Months Ended |
3 Months Ended |
9 Months Ended |
|
|
|
May 31, 2021 |
Mar. 31, 2022 |
Sep. 30, 2022 |
Jun. 21, 2022 |
Dec. 31, 2021 |
Oct. 27, 2021 |
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Principal balance outstanding |
|
|
$ 2,200,000
|
|
$ 2,400,000
|
|
| Escrow and other reserve funds |
|
|
16,741
|
|
12,817
|
|
| Secured Debt |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Principal balance outstanding |
|
|
2,166,615
|
|
2,252,290
|
|
| Unamortized deferred financing costs |
|
|
(8,909)
|
|
(11,220)
|
|
| Total mortgages, loans payable and other obligations, net |
|
|
$ 2,157,706
|
|
2,241,070
|
|
| Secured Debt | 111 River Street |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
3.90%
|
|
|
|
| Principal balance outstanding |
|
|
$ 0
|
|
150,000
|
|
| Closing costs to defease loan |
|
$ 6,300
|
|
|
|
|
| Secured Debt | Port Imperial 4/5 Hotel |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Principal balance outstanding |
|
|
89,000
|
|
89,000
|
|
| Loan period |
6 months
|
|
|
|
|
|
| Repayment of debt |
$ 5,000
|
|
|
|
|
|
| Guaranteed amount |
$ 14,500
|
|
|
|
|
|
| Escrow and other reserve funds |
|
|
$ 900
|
|
|
|
| Secured Debt | Port Imperial 4/5 Hotel | LIBOR |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Variable interest rate |
|
|
3.40%
|
|
|
|
| Secured Debt | Portside at Pier One |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
3.57%
|
|
|
|
| Principal balance outstanding |
|
|
$ 58,998
|
|
58,998
|
|
| Secured Debt | Signature Place |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
3.74%
|
|
|
|
| Principal balance outstanding |
|
|
$ 43,000
|
|
43,000
|
|
| Secured Debt | Liberty Towers |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
3.37%
|
|
|
|
| Principal balance outstanding |
|
|
$ 265,000
|
|
265,000
|
|
| Secured Debt | Haus 25 |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Principal balance outstanding |
|
|
$ 297,324
|
|
255,453
|
|
| Loan period |
|
|
1 year
|
|
|
|
| Borrowing capacity under the credit facility |
|
|
$ 300,000
|
|
|
|
| Extension fee |
|
|
25.00%
|
|
|
|
| Secured Debt | Haus 25 | LIBOR |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Variable interest rate |
|
|
2.70%
|
|
|
|
| Secured Debt | Haus 25 | Minimum | LIBOR |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Variable interest rate |
|
|
2.00%
|
|
|
|
| Secured Debt | Portside 5/6 |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
4.56%
|
|
|
|
| Principal balance outstanding |
|
|
$ 97,000
|
|
97,000
|
|
| Debt instrument, percent guaranteed |
|
|
10.00%
|
|
|
|
| Secured Debt | BLVD 425 |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
4.17%
|
|
|
|
| Principal balance outstanding |
|
|
$ 131,000
|
|
131,000
|
|
| Secured Debt | BLVD 401 |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
4.29%
|
|
|
|
| Principal balance outstanding |
|
|
$ 117,000
|
|
117,000
|
|
| Secured Debt | 101 Hudson |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
3.20%
|
|
|
|
| Principal balance outstanding |
|
|
$ 250,000
|
|
250,000
|
|
| Secured Debt | The Upton |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Principal balance outstanding |
|
|
$ 75,000
|
|
75,000
|
|
| Debt instrument, face amount |
|
|
|
|
|
$ 75,000
|
| Secured Debt | The Upton | LIBOR |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Variable interest rate |
|
|
1.58%
|
|
|
|
| Secured Debt | 145 Front at City Square |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Principal balance outstanding |
|
|
$ 63,000
|
|
63,000
|
|
| Secured Debt | 145 Front at City Square | LIBOR |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Variable interest rate |
|
|
1.84%
|
|
|
|
| Secured Debt | Riverhouse 9 At Port Imperial |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Principal balance outstanding |
|
|
$ 110,000
|
$ 110,000
|
87,175
|
|
| Borrowing capacity under the credit facility |
|
|
$ 92,000
|
|
|
|
| Secured Debt | Riverhouse 9 At Port Imperial | SOFR |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Variable interest rate |
|
|
1.41%
|
|
|
|
| Secured Debt | Quarry Place at Tuckahoe |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
4.48%
|
|
|
|
| Principal balance outstanding |
|
|
$ 41,000
|
|
41,000
|
|
| Secured Debt | BLVD 475 N/S |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
2.91%
|
|
|
|
| Principal balance outstanding |
|
|
$ 165,000
|
|
165,000
|
|
| Secured Debt | Riverhouse 11 at Port Imperial |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
4.52%
|
|
|
|
| Principal balance outstanding |
|
|
$ 100,000
|
|
100,000
|
|
| Secured Debt | Soho Lofts |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
3.77%
|
|
|
|
| Principal balance outstanding |
|
|
$ 160,000
|
|
160,000
|
|
| Secured Debt | Soho Lofts | LIBOR |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Variable interest rate |
|
|
2.75%
|
|
|
|
| Secured Debt | Port Imperial South 4/5 Garage |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
4.85%
|
|
|
|
| Principal balance outstanding |
|
|
$ 32,293
|
|
32,664
|
|
| Secured Debt | Emery At Overlook Ridge |
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
| Effective rate |
|
|
3.21%
|
|
|
|
| Principal balance outstanding |
|
|
$ 72,000
|
|
$ 72,000
|
|