INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Summary Of Unconsolidated Joint Ventures (Details)
$ in Thousands |
|
3 Months Ended |
|
|
|
Jan. 10, 2023
USD ($)
|
Mar. 31, 2023
USD ($)
ft²
apartmentUnit
potentialApartmentUnit
floor
|
Dec. 31, 2022
USD ($)
|
Oct. 11, 2022 |
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
| Carrying Value |
|
$ 124,218
|
$ 126,158
|
|
| Property Debt, Balance |
|
586,708
|
|
|
| Metropolitan and Lofts at 40 Park | Metropolitan at 40 Park |
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
| Property Debt, Balance |
|
$ 36,500
|
|
|
| Metropolitan and Lofts at 40 Park | Metropolitan at 40 Park | LIBOR |
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
| Variable interest rate |
|
2.85%
|
|
|
| Metropolitan and Lofts at 40 Park | The Shops At 40 Park Property |
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
| Property Debt, Balance |
|
$ 6,067
|
|
|
| Interest rate, stated |
|
|
|
5.125%
|
| Residual ownership interest |
|
25.00%
|
|
|
| Rentable Square Feet | ft² |
|
50,973
|
|
|
| Variable interest rate |
2.00%
|
|
|
|
| Metropolitan and Lofts at 40 Park | The Shops At 40 Park Property | LIBOR |
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
| Variable interest rate |
|
1.50%
|
|
|
| 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
|
|
|
| Property Debt, Balance |
$ 18,200
|
|
|
|
| Indirect ownership interest |
|
50.00%
|
|
|
| Number of stories | floor |
|
5
|
|
|
| Variable interest rate |
1.50%
|
|
|
|
| PI North - Land |
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
| Number of Apartment Units or Rentable SF | apartmentUnit |
|
829
|
|
|
| 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 |
|
$ 1,364
|
1,747
|
|
| Property Debt, 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 |
|
$ 4,954
|
5,114
|
|
| Property Debt, 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 |
|
$ 22,803
|
23,234
|
|
| Property Debt, Balance |
|
$ 135,000
|
|
|
| Multifamily | Capstone at Port Imperial | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
| Variable interest rate |
|
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
|
|
| Property Debt, 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 |
|
$ 32,275
|
32,372
|
|
| Property Debt, Balance |
|
$ 90,942
|
|
|
| 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 |
|
$ 60,725
|
61,594
|
|
| Property Debt, Balance |
|
$ 187,807
|
|
|
| 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 |
|
829
|
|
|
| Company's Effective Ownership Percentage |
|
20.00%
|
|
|
| Carrying Value |
|
$ 1,678
|
1,678
|
|
| Property Debt, Balance |
|
$ 0
|
|
|
| Interest rate, stated |
|
0.00%
|
|
|
| Other | Other |
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
| Carrying Value |
|
$ 419
|
$ 419
|
|
| Property Debt, Balance |
|
$ 0
|
|
|
| Interest rate, stated |
|
0.00%
|
|
|