CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash Flows from Operating Activities:
Net income (loss)	$ 99,824	$ (6,273)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization (including amortization of deferred financing costs)	121,265	114,010
Equity in net income of partially owned entities	(96,977)	(16,279)
Distributions of income from partially owned entities	28,382	30,438
Net gains on disposition of wholly owned and partially owned assets	(15,551)	0
Amortization of interest rate cap premiums	7,726	11,514
Stock-based compensation expense	6,022	7,519
Straight-lining of rents	(4,299)	(4,571)
Change in deferred tax liability	3,084	3,947
Amortization of below-market leases, net	(88)	(693)
Other non-cash adjustments	5,011	1,247
Changes in operating assets and liabilities:
Tenant and other receivables	(13,424)	(8,505)
Prepaid assets	(53,578)	(57,910)
Other assets	(38,234)	(32,447)
Lease liabilities	(15,636)	4,641
Accounts payable and accrued expenses	19,567	(14,251)
Other liabilities	(1,060)	(902)
Net cash provided by operating activities	52,034	31,485
Cash Flows from Investing Activities:
Proceeds from partial redemption of Fifth Avenue and Times Square JV preferred equity	342,000	0
Additions to real estate	(42,192)	(51,307)
Development costs and construction in progress	(40,934)	(75,292)
Net proceeds from sale of real estate	24,713	0
Investments in partially owned entities	(12,284)	(2,026)
Proceeds from sales of real estate	4,198	0
Net cash provided by (used in) investing activities	275,501	(128,625)
Cash Flows from Financing Activities:
Repayments of borrowings	(574,368)	0
Proceeds from borrowings	120,000	0
Dividends paid on preferred shares	(15,526)	(15,529)
Distributions to noncontrolling interests	(504)	(106)
Contributions from noncontrolling interests	53	270
Deferred financing costs	0	(279)
Other financing activity, net	79	120
Net cash used in financing activities	(470,266)	(15,524)
Net decrease in cash and cash equivalents and restricted cash	(142,731)	(112,664)
Cash and cash equivalents and restricted cash at beginning of period	949,619	1,261,584
Cash and cash equivalents and restricted cash at end of period	806,888	1,148,920
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	733,947	997,002
Restricted cash at beginning of period	215,672	264,582
Cash and cash equivalents and restricted cash at beginning of period	949,619	1,261,584
Cash and cash equivalents at end of period	568,861	892,652
Restricted cash at end of period	238,027	256,268
Cash and cash equivalents and restricted cash at end of period	806,888	1,148,920
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest (excluding capitalized interest) and interest rate cap premiums	83,422	69,970
Cash payments for income taxes	1,800	1,605
Non-Cash Information:
Redeemable Class A unit measurement adjustment	54,535	(4,375)
Change in fair value of consolidated interest rate hedges and other	(26,062)	48,209
Accrued capital expenditures included in accounts payable and accrued expenses	22,890	44,254
Write-off of fully depreciated assets	$ (23,280)	$ (12,559)