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Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended
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Dec. 31, 2024
Interest Rate Swap [Member] |
Derivative [Line Items] |
Schedule of Interest Rate Swaps and Interest Rate Caps | The tables below provide additional details on our interest rate swaps and interest rate caps that are designated as cash flow hedges.
|  | Notional |  |  | Effective |  | Maturity |  | Benchmark |  | Strike |  |  | Fair Value as of |
Property |  | Amount |  |  | Date |  | Date |  | Rate |  | Rate |  |  | December 31, 2024 |  |  | December 31, 2023 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1301 Avenue of the Americas |  | $ | 500,000 |  |  | Jul-2021 |  | Aug-2024 |  | SOFR |  |  | 0.49 | % |  | $ | - |  |  | $ | 13,726 |
Total interest rate swap assets designated as cash flow hedges (included in "other assets") | $ | - |  |  | $ | 13,726 |
Interest Rate Cap [Member] |
Derivative [Line Items] |
Schedule of Interest Rate Swaps and Interest Rate Caps |
|  | Notional |  |  | Effective |  | Maturity |  | Benchmark |  | Strike |  |  | Fair Value as of |
Property |  | Amount |  |  | Date |  | Date |  | Rate |  | Rate |  |  | December 31, 2024 |  |  | December 31, 2023 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1301 Avenue of the Americas |  | $ | 860,000 |  |  | Aug-2024 |  | Aug-2025 |  | SOFR |  |  | 3.50 | % |  | $ | 3,650 |  |  | $ | - |
1301 Avenue of the Americas |  |  | 360,000 |  |  | Aug-2023 |  | Aug-2024 |  | SOFR |  |  | 4.50 | % |  |  | - |  |  |  | 1,263 |
Total interest rate cap assets designated as cash flow hedges (included in "other assets") | $ | 3,650 |  |  | $ | 1,263 |

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