Annual report pursuant to Section 13 and 15(d)

REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION - Schedule of Real Estate Investments and Accumulated Depreciation (Details)

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REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION - Schedule of Real Estate Investments and Accumulated Depreciation (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances $ 1,323,474
Initial Costs, Land 452,349
Initial Costs, Building and Improvements 1,955,545
Costs Capitalized Subsequent to Acquisition 812,358
Gross Amount at Which Carried at Close of Period, Land 458,946
Gross Amount at Which Carried at Close of Period, Building and Improvements 2,761,306
Total 3,220,252
Accumulated Depreciation 432,531
Real estate aggregate cost, tax purpose 2,100,000
Multi-Family Properties | The James  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Initial Costs, Land 12,047
Initial Costs, Building and Improvements 114,208
Costs Capitalized Subsequent to Acquisition 1,419
Gross Amount at Which Carried at Close of Period, Land 12,047
Gross Amount at Which Carried at Close of Period, Building and Improvements 115,627
Total 127,674
Accumulated Depreciation 7,091
Multi-Family Properties | The Upton  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 74,730
Initial Costs, Land 2,850
Initial Costs, Building and Improvements 0
Costs Capitalized Subsequent to Acquisition 92,025
Gross Amount at Which Carried at Close of Period, Land 2,850
Gross Amount at Which Carried at Close of Period, Building and Improvements 92,025
Total 94,875
Accumulated Depreciation 8,904
Multi-Family Properties | Haus25  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 335,555
Initial Costs, Land 53,421
Initial Costs, Building and Improvements 420,959
Costs Capitalized Subsequent to Acquisition 764
Gross Amount at Which Carried at Close of Period, Land 53,421
Gross Amount at Which Carried at Close of Period, Building and Improvements 421,723
Total 475,144
Accumulated Depreciation 30,644
Multi-Family Properties | Liberty Towers  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Initial Costs, Land 66,670
Initial Costs, Building and Improvements 328,347
Costs Capitalized Subsequent to Acquisition 16,076
Gross Amount at Which Carried at Close of Period, Land 66,670
Gross Amount at Which Carried at Close of Period, Building and Improvements 344,423
Total 411,093
Accumulated Depreciation 44,348
Multi-Family Properties | BLVD 475  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 164,670
Initial Costs, Land 58,761
Initial Costs, Building and Improvements 240,871
Costs Capitalized Subsequent to Acquisition 8,070
Gross Amount at Which Carried at Close of Period, Land 58,761
Gross Amount at Which Carried at Close of Period, Building and Improvements 248,941
Total 307,702
Accumulated Depreciation 48,867
Multi-Family Properties | Soho Lofts  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Initial Costs, Land 27,601
Initial Costs, Building and Improvements 224,039
Costs Capitalized Subsequent to Acquisition 6,573
Gross Amount at Which Carried at Close of Period, Land 27,601
Gross Amount at Which Carried at Close of Period, Building and Improvements 230,612
Total 258,213
Accumulated Depreciation 32,899
Multi-Family Properties | BLVD 425  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 130,800
Initial Costs, Land 48,820
Initial Costs, Building and Improvements 160,740
Costs Capitalized Subsequent to Acquisition 7,552
Gross Amount at Which Carried at Close of Period, Land 48,820
Gross Amount at Which Carried at Close of Period, Building and Improvements 168,292
Total 217,112
Accumulated Depreciation 27,404
Multi-Family Properties | BLVD 401  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 115,255
Initial Costs, Land 36,595
Initial Costs, Building and Improvements 152,440
Costs Capitalized Subsequent to Acquisition 816
Gross Amount at Which Carried at Close of Period, Land 36,595
Gross Amount at Which Carried at Close of Period, Building and Improvements 153,256
Total 189,851
Accumulated Depreciation 22,925
Multi-Family Properties | RiverHouse 9 at Port Imperial  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 109,429
Initial Costs, Land 2,686
Initial Costs, Building and Improvements 0
Costs Capitalized Subsequent to Acquisition 154,751
Gross Amount at Which Carried at Close of Period, Land 2,686
Gross Amount at Which Carried at Close of Period, Building and Improvements 154,751
Total 157,437
Accumulated Depreciation 13,166
Multi-Family Properties | RiverHouse 11 at Port Imperial  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 99,917
Initial Costs, Land 22,047
Initial Costs, Building and Improvements 0
Costs Capitalized Subsequent to Acquisition 112,703
Gross Amount at Which Carried at Close of Period, Land 22,047
Gross Amount at Which Carried at Close of Period, Building and Improvements 112,703
Total 134,750
Accumulated Depreciation 19,313
Multi-Family Properties | Signature Place  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Initial Costs, Land 930
Initial Costs, Building and Improvements 0
Costs Capitalized Subsequent to Acquisition 56,583
Gross Amount at Which Carried at Close of Period, Land 930
Gross Amount at Which Carried at Close of Period, Building and Improvements 56,583
Total 57,513
Accumulated Depreciation 9,865
Multi-Family Properties | Quarry Place at Tuckahoe  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 40,829
Initial Costs, Land 5,585
Initial Costs, Building and Improvements 3,400
Costs Capitalized Subsequent to Acquisition 48,951
Gross Amount at Which Carried at Close of Period, Land 5,585
Gross Amount at Which Carried at Close of Period, Building and Improvements 52,351
Total 57,936
Accumulated Depreciation 11,172
Multi-Family Properties | The Emery  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 70,272
Initial Costs, Land 4,115
Initial Costs, Building and Improvements 86,093
Costs Capitalized Subsequent to Acquisition 10,060
Gross Amount at Which Carried at Close of Period, Land 9,104
Gross Amount at Which Carried at Close of Period, Building and Improvements 91,164
Total 100,268
Accumulated Depreciation 11,792
Multi-Family Properties | Portside at East Pier  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 55,732
Initial Costs, Land 0
Initial Costs, Building and Improvements 73,713
Costs Capitalized Subsequent to Acquisition 908
Gross Amount at Which Carried at Close of Period, Land 0
Gross Amount at Which Carried at Close of Period, Building and Improvements 74,621
Total 74,621
Accumulated Depreciation 19,835
Multi-Family Properties | Portside 2 at East Pier  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 95,324
Initial Costs, Land 0
Initial Costs, Building and Improvements 37,114
Costs Capitalized Subsequent to Acquisition 77,336
Gross Amount at Which Carried at Close of Period, Land 0
Gross Amount at Which Carried at Close of Period, Building and Improvements 114,450
Total 114,450
Accumulated Depreciation 19,200
Multi-Family Properties | 145 Front at City Square  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Initial Costs, Land 4,380
Initial Costs, Building and Improvements 0
Costs Capitalized Subsequent to Acquisition 92,525
Gross Amount at Which Carried at Close of Period, Land 4,380
Gross Amount at Which Carried at Close of Period, Building and Improvements 92,525
Total 96,905
Accumulated Depreciation 16,211
Other Property | Port Imperial Garage/Retail North  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 0
Initial Costs, Land 350
Initial Costs, Building and Improvements 0
Costs Capitalized Subsequent to Acquisition 30,644
Gross Amount at Which Carried at Close of Period, Land 1,958
Gross Amount at Which Carried at Close of Period, Building and Improvements 29,036
Total 30,994
Accumulated Depreciation 7,657
Other Property | Port Imperial Garage/Retail South  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 30,961
Initial Costs, Land 13,099
Initial Costs, Building and Improvements 56,669
Costs Capitalized Subsequent to Acquisition (19,213)
Gross Amount at Which Carried at Close of Period, Land 13,099
Gross Amount at Which Carried at Close of Period, Building and Improvements 37,456
Total 50,555
Accumulated Depreciation 10,893
Other Property | Riverwalk at Port Imperial  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 0
Initial Costs, Land 4,305
Initial Costs, Building and Improvements 8,216
Costs Capitalized Subsequent to Acquisition 1,614
Gross Amount at Which Carried at Close of Period, Land 4,305
Gross Amount at Which Carried at Close of Period, Building and Improvements 9,830
Total 14,135
Accumulated Depreciation 1,518
Projects Under Development And Developable Land  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 0
Initial Costs, Land 88,087
Initial Costs, Building and Improvements 48,736
Costs Capitalized Subsequent to Acquisition 0
Gross Amount at Which Carried at Close of Period, Land 88,087
Gross Amount at Which Carried at Close of Period, Building and Improvements 48,736
Total 136,823
Accumulated Depreciation 212
Furniture, fixtures and equipment  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Related Encumbrances 0
Initial Costs, Land 0
Initial Costs, Building and Improvements 0
Costs Capitalized Subsequent to Acquisition 112,201
Gross Amount at Which Carried at Close of Period, Land 0
Gross Amount at Which Carried at Close of Period, Building and Improvements 112,201
Total 112,201
Accumulated Depreciation $ 68,615
Buildings and improvements  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
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