Annual report pursuant to Section 13 and 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
 9 Months Ended 12 Months Ended
Aug. 15, 2023
Sep. 30, 2023
Dec. 31, 2023
Aug. 10, 2023
Dec. 31, 2022
Debt Instrument [Line Items]          
Principal balance outstanding     $ 1,900,000   $ 1,900,000
Secured Debt          
Debt Instrument [Line Items]          
Principal balance outstanding     1,868,983   1,911,488
Unamortized deferred financing costs     (15,086)   (7,511)
Total mortgages, loans payable and other obligations, net     1,853,897   1,903,977
Secured Debt | Port Imperial 4/5 Hotel          
Debt Instrument [Line Items]          
Principal balance outstanding     $ 0   84,000
Secured Debt | Signature Place          
Debt Instrument [Line Items]          
Effective Rate (as a percent)     3.74%    
Principal balance outstanding     $ 43,000   43,000
Secured Debt | Liberty Towers          
Debt Instrument [Line Items]          
Effective Rate (as a percent)     3.37%    
Principal balance outstanding     $ 265,000   265,000
Secured Debt | Portside 2 at East Pier          
Debt Instrument [Line Items]          
Effective Rate (as a percent)     4.56%    
Principal balance outstanding     $ 97,000   97,000
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     $ 117,000   117,000
Secured Debt | Portside at East Pier          
Debt Instrument [Line Items]          
Principal balance outstanding     $ 56,500   58,998
Derivative, cap interest rate       3.50%  
Secured Debt | Portside at East Pier | SOFR          
Debt Instrument [Line Items]          
Variable interest rate (as a percent)     2.75%    
Secured Debt | The Upton          
Debt Instrument [Line Items]          
Principal balance outstanding     $ 75,000   75,000
Derivative, cap interest rate     1.00%    
Secured Debt | The Upton | SOFR          
Debt Instrument [Line Items]          
Variable interest rate (as a percent)     1.58%    
Secured Debt | 145 Front at City Square          
Debt Instrument [Line Items]          
Principal balance outstanding     $ 63,000   63,000
Secured Debt | 145 Front at City Square | SOFR          
Debt Instrument [Line Items]          
Variable interest rate (as a percent)   4.00% 1.84%    
Secured Debt | RiverHouse 9 at Port Imperial          
Debt Instrument [Line Items]          
Principal balance outstanding     $ 110,000   110,000
Derivative, cap interest rate     3.00%    
Secured Debt | RiverHouse 9 at Port Imperial | SOFR          
Debt Instrument [Line Items]          
Variable interest rate (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 N/S          
Debt Instrument [Line Items]          
Effective Rate (as a percent)     2.91%    
Principal balance outstanding     $ 165,000   165,000
Secured Debt | Haus 25          
Debt Instrument [Line Items]          
Effective Rate (as a percent)     6.04%    
Principal balance outstanding     $ 343,061   297,324
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 | Soho Lofts          
Debt Instrument [Line Items]          
Effective Rate (as a percent)     3.77%    
Principal balance outstanding     $ 158,777   160,000
Secured Debt | Soho Lofts | Prime Rate | Variable Income Interest Rate          
Debt Instrument [Line Items]          
Variable interest rate (as a percent)     2.75%    
Secured Debt | Soho Lofts | Prime Rate | Fixed Income Interest Rate          
Debt Instrument [Line Items]          
Variable interest rate (as a percent)     3.00%    
Secured Debt | Port Imperial Garage South          
Debt Instrument [Line Items]          
Effective Rate (as a percent)     4.85%    
Principal balance outstanding     $ 31,645   32,166
Secured Debt | The Emery at Overlook Ridge          
Debt Instrument [Line Items]          
Effective Rate (as a percent)     3.21%    
Principal balance outstanding     $ 72,000   $ 72,000
Secured Debt | The Emery at Overlook Ridge | Prime Rate | Variable Income Interest Rate          
Debt Instrument [Line Items]          
Variable interest rate (as a percent)     2.75%    
Secured Debt | The Emery at Overlook Ridge | Prime Rate | Fixed Income Interest Rate          
Debt Instrument [Line Items]          
Variable interest rate (as a percent)     3.00%    
Secured Debt | QuadReal          
Debt Instrument [Line Items]          
Repayments of debt $ 297,000