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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net (loss) income $ (25,726,000) $ 13,871,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 118,941,000 122,849,000
Straight-lining of rental revenue 4,598,000 (3,318,000)
Amortization of stock-based compensation expense 11,612,000 11,262,000
Amortization of deferred financing costs 6,396,000 4,995,000
(Income) loss from unconsolidated joint ventures (1,959,000) 2,117,000
Distributions of earnings from unconsolidated joint ventures 229,000 217,000
Unrealized losses on real estate related fund investments 0 775,000
Loss (income) from unconsolidated real estate related funds 150,000 (90,000)
Distributions of earnings from unconsolidated real estate related funds 102,000 103,000
Amortization of above and below-market leases, net (2,829,000) (2,972,000)
Non-cash gain on extinguishment of IPO related tax liability 0 (15,437,000)
Other non-cash adjustments (1,103,000) 63,000
Changes in operating assets and liabilities:    
Accounts and other receivables (5,595,000) 4,136,000
Deferred charges and other assets (24,664,000) (14,272,000)
Accounts payable and accrued expenses (10,024,000) 3,184,000
Other liabilities 6,952,000 9,372,000
Net cash provided by operating activities 77,080,000 136,855,000
Cash Flows from Investing Activities:    
Additions to real estate (73,771,000) (64,840,000)
Distribution of capital from an unconsolidated joint venture 7,810,000 1,792,000
Contributions of capital to unconsolidated joint ventures (4,629,000) (1,904,000)
Net cash used in investing activities (70,590,000) (64,952,000)
Cash Flows from Financing Activities:    
Contributions from noncontrolling interests in consolidated joint ventures 8,376,000 62,220,000
Distributions to noncontrolling interests in consolidated joint ventures (3,770,000) (1,637,000)
Debt issuance costs (411,000) (10,649,000)
Repurchase of shares related to stock compensation agreements and related tax withholdings (140,000) (178,000)
Repayment of notes and mortgages payable 0 (975,000,000)
Proceeds from notes and mortgages payable 0 850,000,000
Contributions from noncontrolling interests in consolidated real estate related funds 0 889,000
Distributions to noncontrolling interests in consolidated real estate related funds 0 (18,311,000)
Dividends paid to common stockholders 0 (15,216,000)
Distributions paid to common unitholders 0 (1,520,000)
Net cash provided by (used in) financing activities 97,628,000 (109,402,000)
Net increase (decrease) in cash and cash equivalents and restricted cash 104,118,000 (37,499,000)
Cash and cash equivalents and restricted cash at beginning of period 555,447,000 509,599,000
Cash and cash equivalents and restricted cash at end of period 659,565,000 472,100,000
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 375,056,000 428,208,000
Restricted cash at beginning of period 180,391,000 81,391,000
Cash and cash equivalents and restricted cash at beginning of period 555,447,000 509,599,000
Cash and cash equivalents at end of period 439,905,000 307,461,000
Restricted cash at end of period 219,660,000 164,639,000
Cash and cash equivalents and restricted cash at end of period 659,565,000 472,100,000
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest 79,438,000 75,923,000
Cash payments for income taxes, net of refunds 551,000 733,000
Non-Cash Transactions:    
Write-off of fully amortized and/or depreciated assets 50,988,000 28,645,000
Mezzanine loan receivable in connection with the sale of interest 40,545,000  
Common shares issued upon redemption of common units 39,653,000 1,117,000
Additions to real estate included in accounts payable and accrued expenses 21,070,000 7,052,000
Change in value of interest rate swaps and interest rate caps (474,000) (10,655,000)
Dividends and distributions declared but not yet paid 0 8,382,000
900 Third Avenue [Member]    
Cash Flows from Financing Activities:    
Proceeds from the sale of interest 83,307,000 0
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Restricted cash at beginning of period 9,450,000  
One Front Street [Member]    
Cash Flows from Financing Activities:    
Proceeds from the sale of interest 10,266,000 $ 0
Non-Cash Transactions:    
Mezzanine loan receivable in connection with the sale of interest $ 40,545,000