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Fair Value Measurements (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2021
Fair Value of Financial Instruments          
Marketable securities available-for-sale $ 17,323     $ 9,591  
Interest rate cap and swap agreements (included in Other assets) 31,860     33,456  
Real estate loans held by consolidated securitization vehicles 584,134        
Interest rate cap and swap agreements (included in accrued interest payable and other liabilities) 6,469     17,108  
Senior obligations of consolidated securitization vehicles 567,487        
Secured borrowing 251,096        
Investment fair value adjustment     $ 17,000 17,000  
Ownership percentage deconsolidated     50.10%    
Debt and preferred equity investments 303,726     346,745  
220 East 42nd Street          
Fair Value of Financial Instruments          
Ownership interest disposed     49.90%    
Carrying Value          
Fair Value of Financial Instruments          
Fixed rate debt 3,257,474     3,237,386  
Variable rate debt 363,550     270,000  
Total debt 3,621,024     3,507,386  
Fair Value          
Fair Value of Financial Instruments          
Total debt 3,581,131     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        
Interest rate cap and swap agreements (included in accrued interest payable and other liabilities) 0     0  
Senior obligations of consolidated securitization vehicles        
Secured borrowing        
Level 2          
Fair Value of Financial Instruments          
Marketable securities available-for-sale 17,323     9,591  
Interest rate cap and swap agreements (included in Other assets) 31,860     33,456  
Real estate loans held by consolidated securitization vehicles 584,134        
Interest rate cap and swap agreements (included in accrued interest payable and other liabilities) 6,469     17,108  
Senior obligations of consolidated securitization vehicles 567,487        
Secured borrowing        
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        
Interest rate cap and swap agreements (included in accrued interest payable and other liabilities) 0     0  
Senior obligations of consolidated securitization vehicles        
Secured borrowing 251,096        
Level 3 | Carrying Value          
Fair Value of Financial Instruments          
Debt and preferred equity investments 303,726     346,745  
Level 3 | Fair Value          
Fair Value of Financial Instruments          
Fixed rate debt 3,225,767     3,184,338  
Variable rate debt $ 355,364     $ 268,787  
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%       25.00%
10 East 53rd Street          
Fair Value of Financial Instruments          
Investment fair value adjustment $ 117,800 $ 55,700