XML 103 R81.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt (Narrative) (Details)
Sep. 05, 2024
USD ($)
May 03, 2024
USD ($)
credit_facility
Apr. 09, 2024
USD ($)
Apr. 08, 2024
USD ($)
Dec. 31, 2024
USD ($)
May 02, 2024
USD ($)
Debt Instrument            
Collateral property, net carrying value         $ 5,900,000,000  
JV | Mortgage, 606 Broadway            
Debt Instrument            
Equity method ownership percentage 50.00%          
Mortgages Payable            
Debt Instrument            
Interest rate, effective percentage (in percent)         4.90%  
Mortgages Payable | Variable rate            
Debt Instrument            
Interest rate, effective percentage (in percent)         6.01%  
Default rate 3.00%          
435 Seventh Avenue | Mortgages Payable            
Debt Instrument            
Debt amount     $ 75,000,000 $ 95,696,000    
Basis spread on variable rate     2.10% 1.41%    
Swapped rate     6.96%      
435 Seventh Avenue | Mortgages Payable | Recourse            
Debt Instrument            
Debt amount     $ 37,500,000      
Unsecured Revolving Credit Facility, Maturing April 2026 | Line of Credit | Revolving Credit Facility            
Debt Instrument            
Basis spread on variable rate   1.20%        
Number of credit facilities | credit_facility   2        
Maximum borrowing capacity           $ 1,250,000,000
Facility fee (as a percent)   0.25%        
Unsecured Revolving Credit Facility, Maturing April 2029 | Line of Credit | Revolving Credit Facility            
Debt Instrument            
Maximum borrowing capacity   $ 915,000,000        
Unsecured Revolving Credit Facility, Maturing December 2027 | Line of Credit | Revolving Credit Facility            
Debt Instrument            
Basis spread on variable rate   1.15%        
Maximum borrowing capacity   $ 1,250,000,000        
Facility fee (as a percent)   0.25%        
Mortgage, 606 Broadway | Mortgages Payable | JV            
Debt Instrument            
Basis spread on variable rate 1.91%          
Interest rate, effective percentage (in percent)         6.39%  
Mortgage, 606 Broadway | Mortgages Payable | Non-recourse | JV            
Debt Instrument            
Default amount $ 74,119,000          
Property carrying value         $ 53,886,000