MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS - Summary Of Mortgages, Loans Payable And Other Obligations (Details) - USD ($)
$ in Thousands |
6 Months Ended |
|
|
|
Jun. 30, 2023 |
Dec. 31, 2022 |
Jun. 21, 2022 |
Oct. 27, 2021 |
| Debt Instrument [Line Items] |
|
|
|
|
| Principal balance outstanding |
$ 1,800,000
|
$ 1,900,000
|
|
|
| Secured Debt |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Principal balance outstanding |
1,827,230
|
1,911,488
|
|
|
| Unamortized deferred financing costs |
(6,249)
|
(7,511)
|
|
|
| Total mortgages, loans payable and other obligations, net |
1,820,981
|
1,903,977
|
|
|
| Secured Debt | Port Imperial 4/5 Hotel |
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|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Principal balance outstanding |
$ 0
|
84,000
|
|
|
| Secured Debt | Portside at Pier One |
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|
|
|
| Debt Instrument [Line Items] |
|
|
|
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| Effective rate |
3.57%
|
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|
|
| Principal balance outstanding |
$ 58,998
|
58,998
|
|
|
| Secured Debt | Signature Place |
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|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Effective rate |
3.74%
|
|
|
|
| Principal balance outstanding |
$ 43,000
|
43,000
|
|
|
| Secured Debt | Liberty Towers |
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|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Effective rate |
3.37%
|
|
|
|
| Principal balance outstanding |
$ 265,000
|
265,000
|
|
|
| Secured Debt | Haus 25 |
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|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Principal balance outstanding |
297,324
|
297,324
|
|
|
| Borrowing capacity under the credit facility |
$ 300,000
|
|
|
|
| Loan period |
1 year
|
|
|
|
| Extension fee |
25.00%
|
|
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|
| Secured Debt | Haus 25 | SOFR |
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| Debt Instrument [Line Items] |
|
|
|
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| Variable interest rate |
2.70%
|
|
|
|
| Secured Debt | Haus 25 | Minimum | SOFR |
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|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Variable interest rate |
2.00%
|
|
|
|
| Secured Debt | Portside 5/6 |
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|
|
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| 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 |
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|
|
|
| Debt Instrument [Line Items] |
|
|
|
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| Effective rate |
4.17%
|
|
|
|
| Principal balance outstanding |
$ 131,000
|
131,000
|
|
|
| Secured Debt | BLVD 401 |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
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| Effective rate |
4.29%
|
|
|
|
| Principal balance outstanding |
$ 117,000
|
117,000
|
|
|
| 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 | SOFR |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
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|
| Variable interest rate |
1.58%
|
|
|
|
| Secured Debt | 145 Front at City Square |
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|
|
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| Debt Instrument [Line Items] |
|
|
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|
| Principal balance outstanding |
$ 63,000
|
63,000
|
|
|
| Secured Debt | 145 Front at City Square | SOFR |
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|
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| Debt Instrument [Line Items] |
|
|
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| Variable interest rate |
1.84%
|
|
|
|
| Secured Debt | Riverhouse 9 At Port Imperial |
|
|
|
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| Debt Instrument [Line Items] |
|
|
|
|
| Principal balance outstanding |
$ 110,000
|
110,000
|
$ 110,000
|
|
| Secured Debt | Riverhouse 9 At Port Imperial | SOFR |
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| Debt Instrument [Line Items] |
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|
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| Variable interest rate |
1.41%
|
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| Secured Debt | Quarry Place at Tuckahoe |
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|
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| Debt Instrument [Line Items] |
|
|
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| Effective rate |
4.48%
|
|
|
|
| Principal balance outstanding |
$ 41,000
|
41,000
|
|
|
| Secured Debt | BLVD 475 N/S |
|
|
|
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| Debt Instrument [Line Items] |
|
|
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| Effective rate |
2.91%
|
|
|
|
| Principal balance outstanding |
$ 165,000
|
165,000
|
|
|
| Secured Debt | Riverhouse 11 at Port Imperial |
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|
|
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| Debt Instrument [Line Items] |
|
|
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| Effective rate |
4.52%
|
|
|
|
| Principal balance outstanding |
$ 100,000
|
100,000
|
|
|
| Secured Debt | Soho Lofts |
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|
|
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| Debt Instrument [Line Items] |
|
|
|
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| Effective rate |
3.77%
|
|
|
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| Principal balance outstanding |
$ 160,000
|
160,000
|
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|
| Secured Debt | Soho Lofts | LIBOR |
|
|
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| Debt Instrument [Line Items] |
|
|
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| Variable interest rate |
2.75%
|
|
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| Secured Debt | Port Imperial South 4/5 Garage |
|
|
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| Debt Instrument [Line Items] |
|
|
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| Effective rate |
4.85%
|
|
|
|
| Principal balance outstanding |
$ 31,908
|
32,166
|
|
|
| Secured Debt | Emery at Overlook Ridge |
|
|
|
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| Debt Instrument [Line Items] |
|
|
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| Effective rate |
3.21%
|
|
|
|
| Principal balance outstanding |
$ 72,000
|
$ 72,000
|
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