Annual report pursuant to Section 13 and 15(d)

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Schedule of Unconsolidated Joint Venture (Details)

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INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Schedule of Unconsolidated Joint Venture (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
apartmentUnit
potentialApartmentUnit
Jan. 31, 2024
apartmentUnit
floor
Dec. 31, 2023
USD ($)
Schedule of Equity Method Investments [Line Items]      
Carrying Value $ 111,301   $ 117,954
Balance $ 551,246    
Metropolitan and Lofts at 40 Park | The Metropolitan At 40 Park      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | apartmentUnit 130    
Residual ownership interest (as a percent) 25.00%    
Metropolitan and Lofts at 40 Park | Lofts At 40 Park Property      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | apartmentUnit   59  
Number of stories | floor   5  
PI North - Land      
Schedule of Equity Method Investments [Line Items]      
Residual ownership interest (as a percent) 20.00%    
Number of units available for development | apartmentUnit 829    
Multifamily      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | apartmentUnit 2,087    
Multifamily | Metropolitan and Lofts at 40 Park      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | apartmentUnit 130    
Company's Effective Ownership % 25.00%    
Carrying Value $ 689   908
Balance $ 34,100    
Interest rate, variable (as a percent) 2.85%    
Multifamily | RiverTrace at Port Imperial      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | apartmentUnit 316    
Company's Effective Ownership % 22.50%    
Carrying Value $ 4,074   4,506
Balance $ 82,000    
Interest Rate 3.21%    
Multifamily | The Capstone at Port Imperial      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | apartmentUnit 360    
Company's Effective Ownership % 40.00%    
Carrying Value $ 20,519   21,361
Balance $ 135,000    
Interest rate, variable (as a percent) 1.20%    
Multifamily | Riverpark at Harrison      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | apartmentUnit 141    
Company's Effective Ownership % 45.00%    
Carrying Value $ 0   0
Balance $ 30,192    
Interest Rate 3.19%    
Multifamily | Station House      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | apartmentUnit 378    
Company's Effective Ownership % 50.00%    
Carrying Value $ 31,509   32,022
Balance $ 87,350    
Interest Rate 4.82%    
Multifamily | Urby Harborside      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | apartmentUnit 762    
Company's Effective Ownership % 85.00%    
Carrying Value $ 52,832   57,060
Balance $ 182,604    
Interest Rate 5.20%    
Guaranteed amount $ 22,000    
Multifamily | PI North - Land      
Schedule of Equity Method Investments [Line Items]      
Number of Apartment Units | potentialApartmentUnit 829    
Company's Effective Ownership % 20.00%    
Carrying Value $ 1,678   1,678
Balance $ 0    
Interest Rate 0.00%    
Other | Other      
Schedule of Equity Method Investments [Line Items]      
Carrying Value $ 0   $ 419
Balance $ 0    
Interest Rate 0.00%