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REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION - Schedule of Real Estate Investments and Accumulated Depreciation (Details) $ in Thousands | Dec. 31, 2025 USD ($)
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SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | $ 1,332,158
Initial Costs, Land | 370,113
Initial Costs, Building and Improvements | 2,102,985
Costs Capitalized Subsequent to Acquisition | 623,487
Gross Amount at Which Carried at Close of Period, Land | 376,710
Gross Amount at Which Carried at Close of Period, Building and Improvements | 2,719,875
Total | 3,096,585
Accumulated Depreciation | 516,404
Real estate aggregate cost, tax purpose | 2,100,000
Multi-Family Properties | The Upton |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 74,877
Initial Costs, Land | 2,850
Initial Costs, Building and Improvements | 0
Costs Capitalized Subsequent to Acquisition | 88,197
Gross Amount at Which Carried at Close of Period, Land | 2,850
Gross Amount at Which Carried at Close of Period, Building and Improvements | 88,197
Total | 91,047
Accumulated Depreciation | 11,009
Multi-Family Properties | Haus25 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 337,602
Initial Costs, Land | 53,421
Initial Costs, Building and Improvements | 409,612
Costs Capitalized Subsequent to Acquisition | 1,778
Gross Amount at Which Carried at Close of Period, Land | 53,421
Gross Amount at Which Carried at Close of Period, Building and Improvements | 411,390
Total | 464,811
Accumulated Depreciation | 41,407
Multi-Family Properties | Liberty Towers |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Initial Costs, Land | 66,670
Initial Costs, Building and Improvements | 328,347
Costs Capitalized Subsequent to Acquisition | 28,370
Gross Amount at Which Carried at Close of Period, Land | 66,670
Gross Amount at Which Carried at Close of Period, Building and Improvements | 356,717
Total | 423,387
Accumulated Depreciation | 53,420
Multi-Family Properties | BLVD 475 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 161,174
Initial Costs, Land | 58,761
Initial Costs, Building and Improvements | 240,871
Costs Capitalized Subsequent to Acquisition | 8,121
Gross Amount at Which Carried at Close of Period, Land | 58,761
Gross Amount at Which Carried at Close of Period, Building and Improvements | 248,992
Total | 307,753
Accumulated Depreciation | 55,345
Multi-Family Properties | Sable |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 180,406
Initial Costs, Land | 8,718
Initial Costs, Building and Improvements | 307,806
Costs Capitalized Subsequent to Acquisition | 2,079
Gross Amount at Which Carried at Close of Period, Land | 8,718
Gross Amount at Which Carried at Close of Period, Building and Improvements | 309,885
Total | 318,603
Accumulated Depreciation | 58,443
Multi-Family Properties | Soho Lofts |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Initial Costs, Land | 27,601
Initial Costs, Building and Improvements | 224,039
Costs Capitalized Subsequent to Acquisition | 7,168
Gross Amount at Which Carried at Close of Period, Land | 27,601
Gross Amount at Which Carried at Close of Period, Building and Improvements | 231,207
Total | 258,808
Accumulated Depreciation | 39,079
Multi-Family Properties | BLVD 425 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 130,926
Initial Costs, Land | 48,820
Initial Costs, Building and Improvements | 160,740
Costs Capitalized Subsequent to Acquisition | 10,719
Gross Amount at Which Carried at Close of Period, Land | 48,820
Gross Amount at Which Carried at Close of Period, Building and Improvements | 171,459
Total | 220,279
Accumulated Depreciation | 31,876
Multi-Family Properties | BLVD 401 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 113,388
Initial Costs, Land | 36,595
Initial Costs, Building and Improvements | 152,440
Costs Capitalized Subsequent to Acquisition | 2,111
Gross Amount at Which Carried at Close of Period, Land | 36,595
Gross Amount at Which Carried at Close of Period, Building and Improvements | 154,551
Total | 191,146
Accumulated Depreciation | 26,851
Multi-Family Properties | RiverHouse 9 at Port Imperial |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 109,664
Initial Costs, Land | 2,686
Initial Costs, Building and Improvements | 0
Costs Capitalized Subsequent to Acquisition | 151,039
Gross Amount at Which Carried at Close of Period, Land | 2,686
Gross Amount at Which Carried at Close of Period, Building and Improvements | 151,039
Total | 153,725
Accumulated Depreciation | 16,866
Multi-Family Properties | RiverHouse 11 at Port Imperial |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 99,938
Initial Costs, Land | 22,047
Initial Costs, Building and Improvements | 0
Costs Capitalized Subsequent to Acquisition | 109,088
Gross Amount at Which Carried at Close of Period, Land | 22,047
Gross Amount at Which Carried at Close of Period, Building and Improvements | 109,088
Total | 131,135
Accumulated Depreciation | 21,952
Multi-Family Properties | The Emery |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 0
Initial Costs, Land | 4,115
Initial Costs, Building and Improvements | 86,093
Costs Capitalized Subsequent to Acquisition | 7,501
Gross Amount at Which Carried at Close of Period, Land | 9,104
Gross Amount at Which Carried at Close of Period, Building and Improvements | 88,605
Total | 97,709
Accumulated Depreciation | 14,054
Multi-Family Properties | Portside at East Pier |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 0
Initial Costs, Land | 0
Initial Costs, Building and Improvements | 73,713
Costs Capitalized Subsequent to Acquisition | 971
Gross Amount at Which Carried at Close of Period, Land | 0
Gross Amount at Which Carried at Close of Period, Building and Improvements | 74,684
Total | 74,684
Accumulated Depreciation | 22,128
Multi-Family Properties | Portside 2 at East Pier |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 93,767
Initial Costs, Land | 0
Initial Costs, Building and Improvements | 37,114
Costs Capitalized Subsequent to Acquisition | 74,410
Gross Amount at Which Carried at Close of Period, Land | 0
Gross Amount at Which Carried at Close of Period, Building and Improvements | 111,524
Total | 111,524
Accumulated Depreciation | 21,610
Other Property | Port Imperial Garage/Retail North |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 0
Initial Costs, Land | 350
Initial Costs, Building and Improvements | 0
Costs Capitalized Subsequent to Acquisition | 29,846
Gross Amount at Which Carried at Close of Period, Land | 1,958
Gross Amount at Which Carried at Close of Period, Building and Improvements | 28,238
Total | 30,196
Accumulated Depreciation | 8,281
Other Property | Port Imperial Garage/Retail South |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 30,416
Initial Costs, Land | 13,099
Initial Costs, Building and Improvements | 56,669
Costs Capitalized Subsequent to Acquisition | (19,213)
Gross Amount at Which Carried at Close of Period, Land | 13,099
Gross Amount at Which Carried at Close of Period, Building and Improvements | 37,456
Total | 50,555
Accumulated Depreciation | 11,892
Other Property | Riverwalk at Port Imperial |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 0
Initial Costs, Land | 4,305
Initial Costs, Building and Improvements | 8,216
Costs Capitalized Subsequent to Acquisition | 2,505
Gross Amount at Which Carried at Close of Period, Land | 4,305
Gross Amount at Which Carried at Close of Period, Building and Improvements | 10,721
Total | 15,026
Accumulated Depreciation | 1,840
Projects Under Development And Developable Land |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 0
Initial Costs, Land | 20,075
Initial Costs, Building and Improvements | 17,325
Costs Capitalized Subsequent to Acquisition | 0
Gross Amount at Which Carried at Close of Period, Land | 20,075
Gross Amount at Which Carried at Close of Period, Building and Improvements | 17,325
Total | 37,400
Accumulated Depreciation | 0
Furniture, fixtures and equipment |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Related Encumbrances | 0
Initial Costs, Land | 0
Initial Costs, Building and Improvements | 0
Costs Capitalized Subsequent to Acquisition | 118,797
Gross Amount at Which Carried at Close of Period, Land | 0
Gross Amount at Which Carried at Close of Period, Building and Improvements | 118,797
Total | 118,797
Accumulated Depreciation | $ 80,351
Buildings and improvements |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] |
Useful live | 40 years

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