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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net (loss) income $ (56,008,000) $ 9,668,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 176,707,000 182,920,000
Straight-lining of rental revenue 3,426,000 (5,300,000)
Amortization of stock-based compensation expense 14,261,000 15,635,000
Amortization of deferred financing costs 11,041,000 7,622,000
(Income) loss from unconsolidated joint ventures (2,620,000) 3,098,000
Distributions of earnings from unconsolidated joint ventures 388,000 372,000
Unrealized losses on real estate related fund investments 0 775,000
Loss (income) from unconsolidated real estate related funds 79,000 (199,000)
Distributions of earnings from unconsolidated real estate related funds 155,000 141,000
Amortization of above and below-market leases, net (3,980,000) (4,351,000)
Non-cash gain on extinguishment of IPO related tax liability 0 (15,437,000)
Other non-cash adjustments (917,000) 180,000
Changes in operating assets and liabilities:    
Accounts and other receivables (8,353,000) (609,000)
Deferred charges (35,029,000) (7,163,000)
Other assets (25,916,000) (26,340,000)
Accounts payable and accrued expenses 12,903,000 9,079,000
Other liabilities (3,097,000) 6,479,000
Net cash provided by operating activities 83,040,000 176,570,000
Cash Flows from Investing Activities:    
Additions to real estate (115,840,000) (85,231,000)
Distribution of capital from an unconsolidated joint venture 12,089,000 1,792,000
Contributions of capital to unconsolidated joint ventures (5,414,000) (1,904,000)
Proceeds from repayment of a mezzanine loan investment 0 10,000,000
Net cash used in investing activities (109,165,000) (75,343,000)
Cash Flows from Financing Activities:    
Proceeds from notes and mortgages payable 900,000,000 850,000,000
Repayment of notes and mortgages payable (860,000,000) (975,000,000)
Debt issuance costs (14,411,000) (10,649,000)
Contributions from noncontrolling interests in consolidated joint ventures 11,723,000 62,220,000
Distributions to noncontrolling interests in consolidated joint ventures (5,710,000) (2,444,000)
Repurchase of shares related to stock compensation agreements and related tax withholdings (140,000) (178,000)
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 (22,826,000)
Distributions paid to common unitholders 0 (2,292,000)
Net cash provided by (used in) financing activities 125,035,000 (118,591,000)
Net increase (decrease) in cash and cash equivalents and restricted cash 98,910,000 (17,364,000)
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 654,357,000 492,235,000
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 330,207,000 318,725,000
Restricted cash at end of period 324,150,000 173,510,000
Cash and cash equivalents and restricted cash at end of period 654,357,000 492,235,000
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest 118,822,000 116,298,000
Cash payments for income taxes, net of refunds 557,000 1,036,000
Non-Cash Transactions:    
Common shares issued upon redemption of common units 61,490,000 2,073,000
Write-off of fully amortized and/or depreciated assets 57,491,000 35,875,000
Mezzanine loan receivable in connection with the sale of interest 40,545,000  
Additions to real estate included in accounts payable and accrued expenses 22,868,000 9,240,000
Change in value of interest rate swaps and interest rate caps (819,000) (14,241,000)
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 $ 0