Quarterly report [Sections 13 or 15(d)]

MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS - Schedule of Mortgages, Loans Payable And Other Obligations (Details)

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MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS - Schedule of Mortgages, Loans Payable And Other Obligations (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 11, 2024
Mar. 31, 2025
Dec. 31, 2024
Aug. 10, 2023
Debt Instrument [Line Items]        
Principal balance outstanding   $ 1,700,000    
Secured Debt        
Debt Instrument [Line Items]        
Principal balance outstanding   1,331,673 $ 1,333,966  
Unamortized deferred financing costs   (9,637) (10,492)  
Total mortgages, loans payable and other obligations, net   $ 1,322,036 1,323,474  
Secured Debt | Portside 2 at East Pier        
Debt Instrument [Line Items]        
Effective rate (as a percent)   4.56%    
Principal balance outstanding   $ 95,022 95,427  
Debt instrument, percent guaranteed 10.00%      
Secured Debt | BLVD 425        
Debt Instrument [Line Items]        
Effective rate (as a percent)   4.17%    
Principal balance outstanding   $ 131,000 131,000  
Secured Debt | BLVD 401        
Debt Instrument [Line Items]        
Effective rate (as a percent)   4.29%    
Principal balance outstanding   $ 115,010 115,515  
Secured Debt | Portside at East Pier        
Debt Instrument [Line Items]        
Principal balance outstanding   $ 56,500 56,500  
Derivative, cap interest rate       3.50%
Secured Debt | Portside at East Pier | SOFR        
Debt Instrument [Line Items]        
Interest rate, variable (as a percent)   2.75%    
Secured Debt | The Upton        
Debt Instrument [Line Items]        
Principal balance outstanding   $ 75,000 75,000  
Secured Debt | The Upton | SOFR        
Debt Instrument [Line Items]        
Interest rate, variable (as a percent)   1.58%    
Secured Debt | RiverHouse 9 At Port Imperial        
Debt Instrument [Line Items]        
Principal balance outstanding   $ 110,000 110,000  
Secured Debt | RiverHouse 9 At Port Imperial | SOFR        
Debt Instrument [Line Items]        
Interest rate, variable (as a percent)   1.41%    
Secured Debt | Quarry Place at Tuckahoe        
Debt Instrument [Line Items]        
Effective rate (as a percent)   4.48%    
Principal balance outstanding   $ 41,000 41,000  
Secured Debt | BLVD 475        
Debt Instrument [Line Items]        
Effective rate (as a percent)   2.91%    
Principal balance outstanding   $ 163,844 164,712  
Secured Debt | Haus25        
Debt Instrument [Line Items]        
Effective rate (as a percent)   6.04%    
Principal balance outstanding   $ 343,061 343,061  
Secured Debt | RiverHouse 11 at Port Imperial        
Debt Instrument [Line Items]        
Effective rate (as a percent)   4.52%    
Principal balance outstanding   $ 100,000 100,000  
Secured Debt | Port Imperial South 4/5 Garage        
Debt Instrument [Line Items]        
Effective rate (as a percent)   4.85%    
Principal balance outstanding   $ 30,957 31,098  
Secured Debt | The Emery at Overlook Ridge        
Debt Instrument [Line Items]        
Effective rate (as a percent)   3.21%    
Principal balance outstanding   $ 70,279 $ 70,653  
Secured Debt | The Emery at Overlook Ridge | Prime Rate | Floating Rate        
Debt Instrument [Line Items]        
Interest rate, variable (as a percent)   2.75%    
Secured Debt | The Emery at Overlook Ridge | Prime Rate | Fixed Rate        
Debt Instrument [Line Items]        
Interest rate, variable (as a percent)   3.00%    
Secured Debt | Upton        
Debt Instrument [Line Items]        
Derivative, cap interest rate   3.50%    
Secured Debt | Riverhouse9 At Port Imperial        
Debt Instrument [Line Items]        
Derivative, cap interest rate   3.50%