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Investments in and Advances to Unconsolidated Affiliates - Schedule of Investments (Parenthetical) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Feb. 28, 2025
Jan. 23, 2025
Jan. 22, 2025
Dec. 31, 2024
Sep. 25, 2024
Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]                    
Note receivable from related party $ 154,682   $ 154,682         $ 126,584    
Allowance for credit losses 1,704   1,704         2,004   $ 1,279
Interest income 6,358 $ 5,413 12,454 $ 10,651            
Impairment charge     $ 400              
1238 Wisconsin Avenue                    
Schedule of Equity Method Investments [Line Items]                    
Debt Instrument, Description of Variable Rate Basis     The loan is secured by the venture members’ equity interest in the entity that owns the 1238 Wisconsin development property, bears interest at Prime + 1.0% (subject to a 4.5% floor), and matures on December 28, 2027.              
1238 Wisconsin Avenue | Core Portfolio                    
Schedule of Equity Method Investments [Line Items]                    
Construction commitment 12,800   $ 12,800              
Note receivable from related party 12,800   12,800         12,800    
Allowance for credit losses 100   100         100    
Interest income $ 100 $ 100 $ 100 $ 100            
Equity method investment, ownership percentage [1],[2] 80.00%   80.00%              
840 N. Michigan Avenue                    
Schedule of Equity Method Investments [Line Items]                    
Note receivable from related party $ 1,500   $ 1,500         $ 2,300    
Equity method investment, ownership percentage         2.50%          
Note receivable maturity date     Jul. 31, 2025              
840 N. Michigan Avenue | Maximum                    
Schedule of Equity Method Investments [Line Items]                    
Equity method investment, ownership percentage         94.35%          
840 N. Michigan Avenue | Minimum                    
Schedule of Equity Method Investments [Line Items]                    
Equity method investment, ownership percentage         91.85%          
Renaissance Portfolio                    
Schedule of Equity Method Investments [Line Items]                    
Equity method investment, ownership percentage           48.00% 20.00%      
Equity method investment, loss on change in control $ 9,600   $ 9,600              
Renaissance Portfolio | Maximum                    
Schedule of Equity Method Investments [Line Items]                    
Equity method investment, ownership percentage 100.00%   100.00%     68.00%        
Renaissance Portfolio | Minimum                    
Schedule of Equity Method Investments [Line Items]                    
Equity method investment, ownership percentage           20.00%        
Renaissance Portfolio | Core Portfolio                    
Schedule of Equity Method Investments [Line Items]                    
Equity method investment, ownership percentage [3] 68.00%   68.00%              
Equity method investment, loss on change in control           $ (9,600)        
Frederick Crossing                    
Schedule of Equity Method Investments [Line Items]                    
Equity method investment, ownership percentage                 90.00%  
Fund IV                    
Schedule of Equity Method Investments [Line Items]                    
Equity method investment, ownership percentage 23.12%   23.12%              
Fund V                    
Schedule of Equity Method Investments [Line Items]                    
Equity method investment, ownership percentage 20.10%   20.10%           90.00%  
[1] 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 June 30, 2025 and December 31, 2024 the related party note receivable had a principal balance of $12.8 million, net of a $0.1 million allowance for each period. The loan is secured by the venture members’ equity interest in the entity that owns the 1238 Wisconsin development property, bears interest at Prime + 1.0% (subject to a 4.5% floor), and matures on December 28, 2027. The Company recognized interest income of $0.1 million for each of the three and six months ended June 30, 2025 and 2024, respectively, related to this note receivable.
[2] Represents a VIE for which the Company is not the primary beneficiary (Note 15).
[3] On January 23, 2025, the Company acquired an additional 48% economic ownership interest, and increased its existing 20% interest to 68%, in the Renaissance Portfolio primarily located in Washington D.C. Prior to the acquisition, the Company accounted for its 20% interest under the equity method of accounting. Due to the Company gaining a controlling financial interest as a result of this acquisition, the Company concluded that the entity is a variable interest entity (“VIE”) and that it is the primary beneficiary, and it should consolidate its investment within its Core Portfolio effective January 23, 2025. Accordingly, the Company recognized a loss on change in control of $9.6 million (Note 2).