Mortgages, Loans Payable And Other Obligations (Summary Of Mortgages, Loans Payable And Other Obligations) (Details)
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12 Months Ended |
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Jul. 29, 2019
USD ($)
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Jun. 28, 2019
USD ($)
|
Jan. 31, 2019
USD ($)
|
Dec. 31, 2019
USD ($)
item
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
Jan. 31, 2020
USD ($)
|
Jan. 30, 2019
USD ($)
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| Debt Instrument [Line Items] |
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|
|
|
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|
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| Principal balance outstanding |
|
|
|
$ 2,808,517,000
|
$ 2,792,651,000
|
|
|
|
| Loss from early extinguishment of debt |
|
|
|
|
1,821,000
|
|
|
|
| Adjustment for unamortized debt discount |
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|
2,170,000
|
|
|
|
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| Borrowings from revolving credit facility |
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|
829,000,000
|
461,000,000
|
$ 730,000,000
|
|
|
| Payment for borrowings |
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|
617,000,000
|
494,000,000
|
866,000,000
|
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|
| Mortgage loan |
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|
|
|
45,242,000
|
$ 45,734,000
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| Secured Debt [Member] |
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| Debt Instrument [Line Items] |
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|
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| Principal balance outstanding |
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1,925,038,000
|
1,440,396,000
|
|
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| Unamortized deferred financing costs |
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|
(17,004,000)
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(8,998,000)
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| Total mortgages, loans payable and other obligations, net |
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$ 1,908,034,000
|
1,431,398,000
|
|
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| Secured Debt [Member] | Park Square Apartments [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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Park Square (b)
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| Lender |
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Wells Fargo Bank N.A.
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| Effective rate |
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1.87%
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| Principal balance outstanding |
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|
25,167,000
|
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| Secured Debt [Member] | Alterra I & II [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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Alterra I & II (c)
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| Lender |
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Capital One/FreddieMac
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| Effective rate |
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3.85%
|
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| Principal balance outstanding |
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|
100,000,000
|
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| Secured Debt [Member] | The Chase At Overlook Ridge [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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The Chase at Overlook Ridge (c)
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| Lender |
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New York Community Bank
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| Effective rate |
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3.74%
|
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| Principal balance outstanding |
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135,750,000
|
|
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| Secured Debt [Member] | Monaco [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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Monaco (d)
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| Lender |
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The Northwestern Mutual Life Insurance Co.
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| Effective rate |
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3.15%
|
|
|
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| Principal balance outstanding |
|
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|
$ 166,752,000
|
168,370,000
|
|
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| Loan maturity date |
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|
Feb. 01, 2021
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| Secured Debt [Member] | Monaco [Member] | Construction Loan [Member] |
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| Debt Instrument [Line Items] |
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| Maximum borrowing capacity |
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$ 1,800,000
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| Secured Debt [Member] | Port Imperial South 4/5 Retail [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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Port Imperial South 4/5 Retail
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| Lender |
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American General Life & A/G PC
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| Effective rate |
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4.56%
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| Principal balance outstanding |
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$ 3,934,000
|
4,000,000
|
|
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| Loan maturity date |
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|
Dec. 01, 2021
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| Secured Debt [Member] | Port Imperial 4/5 Hotel [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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Port Imperial 4/5 Hotel (e)
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| Lender |
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Fifth Third Bank
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| Effective rate |
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3.40%
|
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|
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| Principal balance outstanding |
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|
$ 74,000,000
|
73,350,000
|
|
|
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| Loan maturity date |
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Apr. 09, 2022
|
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| Secured Debt [Member] | Port Imperial 4/5 Hotel [Member] | Construction Loan [Member] |
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| Debt Instrument [Line Items] |
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| Maximum borrowing capacity |
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|
$ 94,000,000
|
|
|
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|
| Number of extension options | item |
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2
|
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| Loan extension period |
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1 year
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| Extension fee |
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0.20%
|
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| Payment for borrowings |
|
$ 30,000,000
|
|
|
|
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| Secured Debt [Member] | Chase III Project [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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Chase III (f)
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| Lender |
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Fifth Third Bank
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| Effective rate |
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2.50%
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| Principal balance outstanding |
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|
$ 24,064,000
|
|
|
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| Loan maturity date |
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May 16, 2022
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| Secured Debt [Member] | Chase III Project [Member] | Construction Loan [Member] |
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| Debt Instrument [Line Items] |
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| Maximum borrowing capacity |
|
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|
$ 62,000,000
|
|
|
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| Number of extension options | item |
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1
|
|
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| Loan extension period |
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18 months
|
|
|
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| Extension fee |
|
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|
0.25%
|
|
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| Secured Debt [Member] | Port Imperial South 9 [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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Port Imperial South 9 (g)
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| Lender |
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Bank of New York Mellon
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|
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| Effective rate |
|
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|
2.13%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 11,615,000
|
|
|
|
|
| Loan maturity date |
|
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|
Dec. 19, 2022
|
|
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| Secured Debt [Member] | Port Imperial South 9 [Member] | Construction Loan [Member] |
|
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| Debt Instrument [Line Items] |
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|
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| Maximum borrowing capacity |
|
|
|
$ 92,000,000
|
|
|
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| Number of extension options | item |
|
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|
1
|
|
|
|
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| Loan extension period |
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|
1 year
|
|
|
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| Extension fee |
|
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|
0.15%
|
|
|
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| Secured Debt [Member] | Portside 7 [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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Portside 7
|
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| Lender |
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CBRE Capital Markets/FreddieMac
|
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| Effective rate |
|
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|
3.57%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 58,998,000
|
58,998,000
|
|
|
|
| Loan maturity date |
|
|
|
Aug. 01, 2023
|
|
|
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|
| Secured Debt [Member] | Short Hills Residential [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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Short Hills Residential (h)
|
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| Lender |
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People's United Bank
|
|
|
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| Effective rate |
|
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|
2.15%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 9,431,000
|
|
|
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| Loan maturity date |
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|
Mar. 26, 2023
|
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| Secured Debt [Member] | 250 Johnson Road [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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250 Johnson (i)
|
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| Lender |
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Nationwide Life Insurance Company
|
|
|
|
|
| Effective rate |
|
|
|
3.74%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 43,000,000
|
41,769,000
|
|
|
|
| Loan maturity date |
|
|
|
Aug. 01, 2024
|
|
|
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| Secured Debt [Member] | 250 Johnson Road [Member] | Construction Loan [Member] |
|
|
|
|
|
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| Debt Instrument [Line Items] |
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|
|
|
|
|
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| Loan maturity date |
|
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|
Aug. 01, 2024
|
|
|
|
|
| Payment for borrowings |
$ 43,000,000
|
|
|
|
|
|
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| Secured Debt [Member] | Liberty Towers [Member] |
|
|
|
|
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| Debt Instrument [Line Items] |
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| Property Name |
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Liberty Towers (j)
|
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| Lender |
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|
American General Life Insurance Company
|
|
|
|
|
| Effective rate |
|
|
|
3.37%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 232,000,000
|
|
|
|
|
| Loan maturity date |
|
|
|
Oct. 01, 2024
|
|
|
|
|
| Secured Debt [Member] | The Charlotte [Member] |
|
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| Debt Instrument [Line Items] |
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| Property Name |
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The Charlotte (k)
|
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| Lender |
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|
QuadReal Finance
|
|
|
|
|
| Effective rate |
|
|
|
2.70%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 5,144,000
|
|
|
|
|
| Loan maturity date |
|
|
|
Dec. 01, 2024
|
|
|
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|
| Secured Debt [Member] | The Charlotte [Member] | Construction Loan [Member] |
|
|
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| Debt Instrument [Line Items] |
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|
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| Spread over LIBOR |
|
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|
2.00%
|
|
|
|
|
| Maximum borrowing capacity |
|
|
|
$ 300,000,000
|
|
|
|
|
| Number of extension options | item |
|
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|
1
|
|
|
|
|
| Loan extension period |
|
|
|
1 year
|
|
|
|
|
| Extension fee |
|
|
|
0.25%
|
|
|
|
|
| Secured Debt [Member] | Portside 5/6 [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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|
Portside 5/6
|
|
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| Lender |
|
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|
New York Life Insurance Company
|
|
|
|
|
| Effective rate |
|
|
|
4.56%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 97,000,000
|
97,000,000
|
|
|
|
| Loan maturity date |
|
|
|
Mar. 10, 2026
|
|
|
|
|
| Secured Debt [Member] | Marbella I [Member] |
|
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| Debt Instrument [Line Items] |
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| Property Name |
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|
Marbella
|
|
|
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| Lender |
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|
New York Life Insurance Company
|
|
|
|
|
| Effective rate |
|
|
|
4.17%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 131,000,000
|
131,000,000
|
|
|
|
| Loan maturity date |
|
|
|
Aug. 10, 2026
|
|
|
|
|
| Secured Debt [Member] | Marbella II [Member] |
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| Debt Instrument [Line Items] |
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| Property Name |
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|
Marbella II (l)
|
|
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| Lender |
|
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|
New York Life Insurance Company
|
|
|
|
|
| Effective rate |
|
|
|
4.29%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 117,000,000
|
|
|
|
|
| Loan maturity date |
|
|
|
Aug. 10, 2026
|
|
|
|
|
| Secured Debt [Member] | 101 Hudson [Member] |
|
|
|
|
|
|
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|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
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| Property Name |
|
|
|
101 Hudson
|
|
|
|
|
| Lender |
|
|
|
Wells Fargo CMBS
|
|
|
|
|
| Effective rate |
|
|
|
3.20%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 250,000,000
|
250,000,000
|
|
|
|
| Loan maturity date |
|
|
|
Oct. 11, 2026
|
|
|
|
|
| Secured Debt [Member] | Worcester [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Property Name |
|
|
|
Worcester
|
|
|
|
|
| Lender |
|
|
|
MUFG Union Bank
|
|
|
|
|
| Effective rate |
|
|
|
1.84%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 63,000,000
|
56,892,000
|
|
|
|
| Loan maturity date |
|
|
|
Dec. 10, 2026
|
|
|
|
|
| Secured Debt [Member] | Short Hills Portfolio [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Property Name |
|
|
|
Short Hills Portfolio (m)
|
|
|
|
|
| Lender |
|
|
|
Wells Fargo CMBS
|
|
|
|
|
| Effective rate |
|
|
|
4.15%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 124,500,000
|
124,500,000
|
|
|
|
| Loan maturity date |
|
|
|
Apr. 01, 2027
|
|
|
|
|
| Secured Debt [Member] | Short Hills Portfolio [Member] | Construction Loan [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Maximum borrowing capacity |
|
|
|
$ 64,000,000
|
|
|
|
|
| Number of extension options | item |
|
|
|
1
|
|
|
|
|
| Loan extension period |
|
|
|
18 months
|
|
|
|
|
| Extension fee |
|
|
|
0.30%
|
|
|
|
|
| Secured Debt [Member] | 150 Main St [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Property Name |
|
|
|
150 Main St.
|
|
|
|
|
| Lender |
|
|
|
Natixis Real Estate Capital LLC
|
|
|
|
|
| Effective rate |
|
|
|
4.48%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 41,000,000
|
41,000,000
|
|
|
|
| Loan maturity date |
|
|
|
Aug. 05, 2027
|
|
|
|
|
| Secured Debt [Member] | Port Imperial South 11 [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Property Name |
|
|
|
Port Imperial South 11
|
|
|
|
|
| Lender |
|
|
|
The Northwestern Mutual Life Insurance Co.
|
|
|
|
|
| Effective rate |
|
|
|
4.52%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 100,000,000
|
100,000,000
|
|
|
|
| Loan maturity date |
|
|
|
Jan. 10, 2029
|
|
|
|
|
| Secured Debt [Member] | Soho Lofts Apartments [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Property Name |
|
|
|
Soho Lofts (n)
|
|
|
|
|
| Lender |
|
|
|
New York Community Bank
|
|
|
|
|
| Effective rate |
|
|
|
3.77%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 160,000,000
|
|
|
|
|
| Loan maturity date |
|
|
|
Jul. 01, 2029
|
|
|
|
|
| Secured Debt [Member] | Riverwatch Commons [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Property Name |
|
|
|
Riverwatch Commons (n)
|
|
|
|
|
| Lender |
|
|
|
New York Community Bank
|
|
|
|
|
| Effective rate |
|
|
|
3.79%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 30,000,000
|
|
|
|
|
| Loan maturity date |
|
|
|
Jul. 01, 2029
|
|
|
|
|
| Effective percentage after five years |
|
|
|
2.75%
|
|
|
|
|
| First period of term period |
|
|
|
5 years
|
|
|
|
|
| Secured Debt [Member] | 111 River St. [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Property Name |
|
|
|
111 River St.
|
|
|
|
|
| Lender |
|
|
|
Athene Annuity and Life Company
|
|
|
|
|
| Effective rate |
|
|
|
3.90%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 150,000,000
|
|
|
|
|
| Loan maturity date |
|
|
|
Sep. 01, 2029
|
|
|
|
|
| Secured Debt [Member] | Port Imperial South 4/5 Garage [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Property Name |
|
|
|
Port Imperial South 4/5 Garage
|
|
|
|
|
| Lender |
|
|
|
American General Life & A/G PC
|
|
|
|
|
| Effective rate |
|
|
|
4.85%
|
|
|
|
|
| Principal balance outstanding |
|
|
|
$ 32,600,000
|
$ 32,600,000
|
|
|
|
| Loan maturity date |
|
|
|
Dec. 01, 2029
|
|
|
|
|
| Secured Debt [Member] | Subsequent Event [Member] | Liberty Towers [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Maximum borrowing capacity |
|
|
|
|
|
|
$ 265,000,000
|
|
| Additional borrowing capacity |
|
|
|
|
|
|
$ 33,000,000
|
|
| Unconsolidated Joint Venture Multi-Family Properties [Member] | Marbella II [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Percentage of additional interest acquired |
|
|
50.00%
|
|
|
|
|
|
| Mortgage loan |
|
|
$ 117,000,000
|
|
|
|
|
$ 74,700,000
|