XML 105 R81.htm IDEA: XBRL DOCUMENT v3.22.4
INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES - One Uptown Ventures (Details)
$ in Thousands
12 Months Ended
Jul. 29, 2022
USD ($)
numberOfLoan
Jun. 30, 2022
Dec. 31, 2022
USD ($)
ft²
Dec. 31, 2021
USD ($)
Dec. 01, 2021
USD ($)
ft²
property
apartment
Schedule of Equity Method Investments [Line Items]          
Investment in real estate ventures, at equity     $ 532,224 $ 411,110  
Area of real estate property | ft²     13,578,188    
Unsecured Debt          
Schedule of Equity Method Investments [Line Items]          
Long-term debt, gross     $ 1,971,411 1,851,610  
Unsecured Debt | $600 million Unsecured Credit Facility          
Schedule of Equity Method Investments [Line Items]          
Long-term debt, gross     $ 88,500 $ 23,000  
Unsecured Debt | Daily SOFR Adjustment | $600 million Unsecured Credit Facility          
Schedule of Equity Method Investments [Line Items]          
Basis spread on interest rate (as percent)   0.10% 0.10%    
One Uptown Venture          
Schedule of Equity Method Investments [Line Items]          
Investment in real estate ventures, at equity         $ 335,600
Number of apartment residences | apartment         341
Joint venture, funding committed by other party         $ 64,500
Ownership percentage     50.00%    
One Uptown Venture | Carry Guarantee | Loans Payable          
Schedule of Equity Method Investments [Line Items]          
Guarantee obligations, payment (as percent) 30.00%        
One Uptown Venture | Limited Payment Guarantee | Loans Payable          
Schedule of Equity Method Investments [Line Items]          
Guarantee obligations, payment (as percent) 15.00%        
One Uptown Venture | Construction Loans          
Schedule of Equity Method Investments [Line Items]          
Number of loans closed | numberOfLoan 2        
Long-term debt, gross $ 121,700        
One Uptown Venture | Construction Loans | Multifamily Joint Venture          
Schedule of Equity Method Investments [Line Items]          
Long-term debt, gross $ 85,000        
One Uptown Venture | Construction Loans | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate          
Schedule of Equity Method Investments [Line Items]          
Basis spread on interest rate (as percent) 3.00%        
One Uptown Venture | Construction Loans | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Multifamily Joint Venture          
Schedule of Equity Method Investments [Line Items]          
Basis spread on interest rate (as percent) 2.45%        
One Uptown Venture | Preferred Stock          
Schedule of Equity Method Investments [Line Items]          
Ownership percentage         50.00%
One Uptown Venture | Common Stock          
Schedule of Equity Method Investments [Line Items]          
Ownership percentage         50.00%
One Uptown Venture | Canyon Partners Real Estate          
Schedule of Equity Method Investments [Line Items]          
Number of joint ventures | property         2
One Uptown Venture | Class A Workspace          
Schedule of Equity Method Investments [Line Items]          
Area of real estate property | ft²         348,000
One Uptown Venture | Street Level Retail          
Schedule of Equity Method Investments [Line Items]          
Area of real estate property | ft²         15,000