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Investments in and Advances to Unconsolidated Affiliates - Schedule of Investments (Parenthetical) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Sep. 25, 2024
Schedule of Equity Method Investments [Line Items]        
Note receivable from related party $ 126,584 [1] $ 124,949    
Allowance for credit losses 2,004 [1] 1,279 $ 898  
Interest income 25,085 19,993 $ 14,641  
Impairment charge 400      
Long-term debt outstanding [2],[3] $ 1,547,947 1,881,087    
1238 Wisconsin Avenue        
Schedule of Equity Method Investments [Line Items]        
Debt Instrument, Description of Variable Rate Basis The loan is collateralized by the venture members’ equity interest in the entity that holds the 1238 Wisconsin development property, bears interest at Prime + 1.0% subject to a 4.5% floor and matures on December 28, 2027 (as extended).      
1238 Wisconsin Avenue | Core Portfolio        
Schedule of Equity Method Investments [Line Items]        
Construction commitment $ 12,800      
Note receivable from related party 12,800 12,800    
Allowance for credit losses 100 100    
Interest income $ 200 200    
Equity method investment, ownership percentage [4],[5] 80.00%      
Fund V        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership percentage 20.10%     90.00%
Long-term debt outstanding   33,500    
Fund IV        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership percentage 23.12%      
Long-term debt outstanding   $ 21,900    
Frederick Crossing        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership percentage       90.00%
840 N. Michigan Avenue        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership percentage   3.42%    
Debt Instrument, Basis Spread on Variable Rate 6.50% 6.50%    
Long-term debt outstanding $ 2,300 $ 1,400    
840 N. Michigan Avenue | Maximum        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership percentage   91.85%    
840 N. Michigan Avenue | Minimum        
Schedule of Equity Method Investments [Line Items]        
Equity method investment, ownership percentage   88.43%    
[1] The aggregate carrying amount of notes receivable included above for Federal income tax purposes was approximately $126.2 million as of December 31, 2024.
[2] Includes $111.2 million and $151.4 million, respectively, of variable-rate debt that is subject to interest cap agreements as of the periods presented. The effective fixed rates ranged from 4.50% to 6.00%.
[3] Includes $852.0 million and $1,249.8 million, respectively, of variable-rate debt that has been fixed with interest rate swap agreements as of the periods presented. The effective fixed rates ranged from 1.98% to 4.61%.
[4] Includes the amounts advanced against a $12.8 million construction commitment from the Company to the venture that holds its investment in 1238 Wisconsin. As of December 31, 2024 and December 31, 2023 the note receivable from a related party had a balance of $12.8 million, as of each period, net of an allowance for credit losses of $0.1 million at each of December 31, 2024 and 2023. The loan is collateralized by the venture members’ equity interest in the entity that holds the 1238 Wisconsin development property, bears interest at Prime + 1.0% subject to a 4.5% floor and matures on December 28, 2027 (as extended). The Company recognized Interest income of $0.2 million for each of the years ended December 31, 2024 and 2023, respectively, related to this note receivable.
[5] Represents a variable interest entity (“VIE”) for which the Company is not the primary beneficiary (Note 16).