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Real Estate
 9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
Real Estate Real Estate
    Investment in real estate represents directly owned property held for investment, as follows:
Carrying Value
September 30,December 31,
(In thousands)20252024
Properties in operation$1,077,045 $1,063,687 
Properties under development228,254 227,768 
Total$1,305,299 $1,291,455 

    As of September 30, 2025, properties in operation included a long-term ground lease in Washington, D.C., an office complex in New York City and the completed portion of a mixed-use project in Washington D.C. Properties in operation are net of accumulated depreciation and amortization of $40,063,000 and $38,671,000 as of September 30, 2025 and December 31, 2024, respectively. Related depreciation expense was $6,997,000 and $6,401,000 for the nine months ended September 30,
2025 and 2024, respectively. Future minimum rental income expected on operating leases relating to properties in operation is $9,091,129 in 2025, $37,664,526 in 2026, $40,023,613 in 2027, $41,331,567 in 2028, $36,367,986 in 2029, $30,658,209 in 2030 and $430,404,988 thereafter.
    A mixed-use project in Washington, D.C. had been under development in 2025 and 2024. The completed portion of the project is reported in properties in operation.