v3.25.1
Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Schedule Of Equity Method Investments [Line Items]      
Rental revenue $ 179,021 $ 179,723  
Other income 2,973 2,906  
Total revenues 187,019 188,877  
Operating 78,050 71,740  
Depreciation and amortization 58,879 61,114  
Total expenses 154,540 149,666  
Interest and other income 3,815 19,420  
Interest and debt expense (43,200) (40,269)  
(Loss) income before income taxes (4,951) 17,078  
Income tax expense (366) (347)  
Net (loss) income attributable to common stockholders (10,026) 9,865  
Unconsolidated Joint Ventures [Member]      
Schedule Of Equity Method Investments [Line Items]      
Real estate, net 1,540,228   $ 1,567,771
Cash and cash equivalents and restricted cash 142,265   154,669
Intangible assets, net 41,259   42,672
For-sale residential condominium units [1] 185,944   195,113
Deferred rent receivable 43,619   42,128
Other assets 32,631   26,813
Total assets 1,985,946   2,029,166
Notes and mortgages payable, net 1,797,068   1,783,587
Accounts payable and accrued expenses 77,160   59,860
Intangible liabilities, net 2,586   2,480
Other liabilities 77,158   73,129
Total liabilities 1,953,972   1,919,056
Equity 31,974   110,110
Total liabilities and equity 1,985,946   $ 2,029,166
Rental revenue 32,484 35,936  
Other income [2] 18,748 14,998  
Total revenues 51,232 50,934  
Operating [3] 32,599 32,439  
Depreciation and amortization 10,750 13,162  
Total expenses 43,349 45,601  
Interest and other income 1,816 626  
Interest and debt expense (18,715) (17,589)  
(Loss) income before income taxes (9,016) (11,630)  
Income tax expense (26) (16)  
Net (loss) income attributable to common stockholders $ (9,042) $ (11,646)  
[1] Represents residential condominium units at One Steuart Lane that are available for sale.
[2] Includes proceeds from the sale of residential condominium units at One Steuart Lane.
[3] Includes cost of sales relating to residential condominium units sold at One Steuart Lane.