Leases (Tables)

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Schedule of Future Minimum Rents Expected to be Received

The following table presents future minimum rents expected to be received under long-term non-cancelable tenant leases, as well as those leases that are subject to long-term agreements governing rent payments and increases:

(amounts in thousands)	As of September 30, 2025
2025	$	21,782
2026	84,968
2027	64,337
2028	30,167
2029	25,079
Thereafter	47,519
Total	$	273,852

Summary of Minimum Future Operating Lease Payments

The following table summarizes our minimum future rental payments, excluding variable costs, which are discounted by our incremental borrowing rate to calculate the lease liability for our operating leases as of September 30, 2025:

	As of September 30, 2025
(amounts in thousands)	Ground Leases		Office and Other Leases		Total
2025	$	414	$	2,231	$	2,645
2026	686		3,966		4,652
2027	691		3,417		4,108
2028	687		3,037		3,724
2029	629		3,068		3,697
Thereafter	3,134		7,859		10,993
Total undiscounted rental payments	6,241		23,578		29,819
Less imputed interest	(1,604)		(3,528)		(5,132)
Total lease liabilities	$	4,637	$	20,050	$	24,687