Mortgages, Loans Payable And Other Obligations (Summary Of Mortgages, Loans Payable And Other Obligations) (Details)
|
1 Months Ended |
9 Months Ended |
|
|
Jan. 31, 2020
USD ($)
|
Sep. 30, 2020
USD ($)
item
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Sep. 30, 2019
USD ($)
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Dec. 31, 2019
USD ($)
|
| Debt Instrument [Line Items] |
|
|
|
|
| Principal balance outstanding |
|
$ 2,895,882,000
|
|
$ 2,808,517,000
|
| Borrowings from revolving credit facility |
|
191,000,000
|
$ 489,000,000
|
|
| Payment for borrowings |
|
$ 364,000,000
|
$ 398,000,000
|
|
| Secured Debt [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Effective rate |
|
1.84%
|
|
|
| Principal balance outstanding |
|
$ 2,182,570,000
|
|
1,925,038,000
|
| Unamortized deferred financing costs |
|
(15,048,000)
|
|
(17,004,000)
|
| Total mortgages, loans payable and other obligations, net |
|
$ 2,167,522,000
|
|
1,908,034,000
|
| Secured Debt [Member] | Monaco [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
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| Property Name |
|
Monaco (b)
|
|
|
| Lender |
|
The Northwestern Mutual Life Insurance Co.
|
|
|
| Effective rate |
|
3.15%
|
|
|
| Principal balance outstanding |
|
$ 165,537,000
|
|
166,752,000
|
| Loan maturity date |
|
Feb. 01, 2021
|
|
|
| Secured Debt [Member] | Monaco [Member] | Construction Loan [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Maximum borrowing capacity |
|
$ 500,000
|
|
|
| Secured Debt [Member] | Port Imperial South 4/5 Retail [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Port Imperial South 4/5 Retail
|
|
|
| Lender |
|
American General Life & A/G PC
|
|
|
| Effective rate |
|
4.56%
|
|
|
| Principal balance outstanding |
|
$ 3,883,000
|
|
3,934,000
|
| Loan maturity date |
|
Dec. 01, 2021
|
|
|
| Secured Debt [Member] | Port Imperial 4/5 Hotel [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Port Imperial 4/5 Hotel (c)
|
|
|
| Lender |
|
Fifth Third Bank
|
|
|
| Effective rate |
|
0.034%
|
|
|
| Principal balance outstanding |
|
$ 94,000,000
|
|
74,000,000
|
| Loan maturity date |
|
Apr. 09, 2022
|
|
|
| Guaranteed amount |
|
$ 19,500,000
|
|
|
| Secured Debt [Member] | Emery At Overlook Ridge [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Emery at Overlook Ridge (d)
|
|
|
| Lender |
|
Fifth Third Bank
|
|
|
| Effective rate |
|
2.50%
|
|
|
| Principal balance outstanding |
|
$ 56,207,000
|
|
24,064,000
|
| Loan maturity date |
|
May 16, 2022
|
|
|
| Secured Debt [Member] | Emery At Overlook Ridge [Member] | Construction Loan [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Maximum borrowing capacity |
|
$ 62,000,000
|
|
|
| Number of extension options | item |
|
1
|
|
|
| Loan extension period |
|
18 months
|
|
|
| Extension fee |
|
0.25%
|
|
|
| Percent of principal loan outstanding |
|
15.00%
|
|
|
| Secured Debt [Member] | Port Imperial South 9 [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Port Imperial South 9 (e)
|
|
|
| Lender |
|
Bank of New York Mellon
|
|
|
| Effective rate |
|
2.13%
|
|
|
| Principal balance outstanding |
|
$ 39,883,000
|
|
11,615,000
|
| Loan maturity date |
|
Dec. 19, 2022
|
|
|
| Secured Debt [Member] | Port Imperial South 9 [Member] | Construction Loan [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Maximum borrowing capacity |
|
$ 92,000,000
|
|
|
| Number of extension options | item |
|
1
|
|
|
| Loan extension period |
|
1 year
|
|
|
| Extension fee |
|
0.15%
|
|
|
| Percent of principal loan outstanding |
|
10.00%
|
|
|
| Secured Debt [Member] | Portside 7 [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Portside 7
|
|
|
| Lender |
|
CBRE Capital Markets/FreddieMac
|
|
|
| Effective rate |
|
3.57%
|
|
|
| Principal balance outstanding |
|
$ 58,998,000
|
|
58,998,000
|
| Loan maturity date |
|
Aug. 01, 2023
|
|
|
| Secured Debt [Member] | Short Hills Residential [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Short Hills Residential (f)
|
|
|
| Lender |
|
People's United Bank
|
|
|
| Effective rate |
|
2.15%
|
|
|
| Principal balance outstanding |
|
$ 33,088,000
|
|
9,431,000
|
| Loan maturity date |
|
Mar. 26, 2023
|
|
|
| Secured Debt [Member] | Short Hills Residential [Member] | Construction Loan [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Number of extension options | item |
|
1
|
|
|
| Loan extension period |
|
18 months
|
|
|
| Percent of principal loan outstanding |
|
15.00%
|
|
|
| Secured Debt [Member] | 250 Johnson Road [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
250 Johnson
|
|
|
| Lender |
|
Nationwide Life Insurance Company
|
|
|
| Effective rate |
|
3.74%
|
|
|
| Principal balance outstanding |
|
$ 43,000,000
|
|
43,000,000
|
| Loan maturity date |
|
Aug. 01, 2024
|
|
|
| Secured Debt [Member] | Liberty Towers [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Liberty Towers (g)
|
|
|
| Lender |
|
American General Life Insurance Company
|
|
|
| Effective rate |
|
3.37%
|
|
|
| Principal balance outstanding |
|
$ 265,000,000
|
|
232,000,000
|
| Loan maturity date |
|
Oct. 01, 2024
|
|
|
| Secured Debt [Member] | Liberty Towers [Member] | Construction Loan [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Payment for borrowings |
$ 265,000,000
|
|
|
|
| Additional borrowing capacity |
$ 33,000,000
|
|
|
|
| Secured Debt [Member] | The Charlotte [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
The Charlotte (h)
|
|
|
| Lender |
|
QuadReal Finance
|
|
|
| Effective rate |
|
2.70%
|
|
|
| Principal balance outstanding |
|
$ 126,560,000
|
|
5,144,000
|
| Loan maturity date |
|
Dec. 01, 2024
|
|
|
| Secured Debt [Member] | The Charlotte [Member] | Construction Loan [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Spread over LIBOR |
|
2.00%
|
|
|
| Maximum borrowing capacity |
|
$ 300,000,000
|
|
|
| Number of extension options | item |
|
1
|
|
|
| Loan extension period |
|
1 year
|
|
|
| Extension fee |
|
0.25%
|
|
|
| Secured Debt [Member] | Portside 5/6 [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Portside 5/6 (l)
|
|
|
| Lender |
|
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] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Marbella
|
|
|
| Lender |
|
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] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Marbella II
|
|
|
| Lender |
|
New York Life Insurance Company
|
|
|
| Effective rate |
|
4.29%
|
|
|
| Principal balance outstanding |
|
$ 117,000,000
|
|
117,000,000
|
| Loan maturity date |
|
Aug. 10, 2026
|
|
|
| Secured Debt [Member] | 101 Hudson [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| 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
|
|
63,000,000
|
| Loan maturity date |
|
Dec. 10, 2026
|
|
|
| Secured Debt [Member] | Short Hills Portfolio [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Short Hills Portfolio (i)
|
|
|
| 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
|
|
|
| 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 (l)
|
|
|
| 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
|
|
|
| Percent of principal loan outstanding |
|
10.00%
|
|
|
| Secured Debt [Member] | Soho Lofts Apartments [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Soho Lofts (j)
|
|
|
| Lender |
|
New York Community Bank
|
|
|
| Effective rate |
|
3.77%
|
|
|
| Principal balance outstanding |
|
$ 160,000,000
|
|
160,000,000
|
| Loan maturity date |
|
Jul. 01, 2029
|
|
|
| Secured Debt [Member] | Riverwatch Commons [Member] |
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
| Property Name |
|
Riverwatch Commons (j)
|
|
|
| Lender |
|
New York Community Bank
|
|
|
| Effective rate |
|
3.79%
|
|
|
| Principal balance outstanding |
|
$ 30,000,000
|
|
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
|
|
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 (k)
|
|
|
| Lender |
|
American General Life & A/G PC
|
|
|
| Effective rate |
|
4.85%
|
|
|
| Principal balance outstanding |
|
$ 32,914,000
|
|
$ 32,600,000
|
| Loan maturity date |
|
Dec. 01, 2029
|
|
|
| Deferred interest |
|
$ 500,000
|
|
|
| Deferred interest and principal payment period |
|
6 months
|
|
|
| Deferred interest and payment end date |
|
Dec. 01, 2020
|
|
|