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Fair Value Measurements (Details) - USD ($)
$ in Thousands
1 Months Ended
Mar. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Dec. 31, 2021
Fair Value of Financial Instruments        
Marketable securities available-for-sale   $ 16,522 $ 9,591  
Interest rate cap and swap agreements (included in Other assets)   17,026 33,456  
Real estate loans held by consolidated securitization vehicles   586,823 0  
Interest rate cap and swap agreements (included in Other liabilities)   29,372 17,108  
Senior obligations of consolidated securitization vehicles   571,711 0  
Secured borrowings   237,454 0  
Debt and preferred equity investments   293,924 346,745  
Carrying Value   293,924 346,745  
10 East 53rd Street        
Fair Value of Financial Instruments        
Ownership Interest Sold 45.00%      
Investment fair value adjustment $ 55,700      
National Pension Service of Korea / Hines Interest LP / International Investor | One Madison Avenue        
Fair Value of Financial Instruments        
Investment in joint venture aggregate maximum ownership percentage       25.00%
Variable Rate Debt        
Fair Value of Financial Instruments        
Estimated fair value of debt and preferred equity investments, low end of range   60,900    
Estimated fair value of debt and preferred equity investments, high end of range   60,100    
Carrying Value        
Fair Value of Financial Instruments        
Debt and preferred equity investments   293,924 346,745  
Fixed rate debt   3,287,898 3,237,386  
Variable rate debt   545,900 270,000  
Total   3,833,798 3,507,386  
Carrying Value   293,924 346,745  
Fair Value        
Fair Value of Financial Instruments        
Total   3,797,656 3,453,125  
Estimated fair value of debt and preferred equity investments, low end of range   300,000 300,000  
Level 1        
Fair Value of Financial Instruments        
Marketable securities available-for-sale   0 0  
Interest rate cap and swap agreements (included in Other assets)   0 0  
Real estate loans held by consolidated securitization vehicles   0    
Interest rate cap and swap agreements (included in Other liabilities)   0 0  
Senior obligations of consolidated securitization vehicles   0    
Secured borrowings   0    
Level 2        
Fair Value of Financial Instruments        
Marketable securities available-for-sale   16,522 9,591  
Interest rate cap and swap agreements (included in Other assets)   17,026 33,456  
Real estate loans held by consolidated securitization vehicles   586,823    
Interest rate cap and swap agreements (included in Other liabilities)   29,372 17,108  
Senior obligations of consolidated securitization vehicles   571,711    
Secured borrowings   0    
Level 3        
Fair Value of Financial Instruments        
Marketable securities available-for-sale   0 0  
Interest rate cap and swap agreements (included in Other assets)   0 0  
Real estate loans held by consolidated securitization vehicles   0    
Interest rate cap and swap agreements (included in Other liabilities)   0 0  
Senior obligations of consolidated securitization vehicles   0    
Secured borrowings   237,454    
Level 3 | Fair Value        
Fair Value of Financial Instruments        
Fixed rate debt   3,252,374 3,184,338  
Variable rate debt   $ 545,282 $ 268,787