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v3.25.2

Consolidated and unconsolidated real estate joint ventures - Unconsolidated real estate joint ventures (Details) - USD ($) $ in Thousands | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2025 | Mar. 31, 2025 | Dec. 31, 2024
Schedule of Equity Method Investments |  |  |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | $ 6,700 |  |
Investments in unconsolidated real estate joint ventures | $ 40,234 |  | $ 39,873
Debt Balance, Repayment Amount From Unconsolidated Real Estate Joint Venture |  | $ 100,000 |
Our Share of Debt Balance, Repayment Amount From Unconsolidated Real Estate Joint Venture |  | 10,800 |
Unconsolidated Real Estate Joint Ventures Debt |  |  |
Interest Rate | 4.01% |  |
Debt Balance at 100% | $ 13,294,100 |  |
Fixed SOFR floor rate | 0.75% |  |
Equity Method Investment, Nonconsolidated Investee or Group of Investees |  |  |
Unconsolidated Real Estate Joint Ventures Debt |  |  |
Debt instrument, borrowing capacity | $ 539,750 |  |
Debt Balance at 100% | 524,755 |  |
1655 and 1725 Third Street |  |  |
Schedule of Equity Method Investments |  |  |
Investments in unconsolidated real estate joint ventures | $ 20,368 |  | 10,574
Equity Method Investment, Ownership Percentage | 10.00% |  |
Debt Refinanced, Amount |  | $ 500,000 |
Unconsolidated Real Estate Joint Ventures Debt |  |  |
Maturity Date | Feb. 10, 2035 |  |
Stated interest rate (as a percent) | 6.37% |  |
Interest Rate | 6.44% |  |
Debt instrument, borrowing capacity | $ 500,000 |  | 600,000
Debt Balance at 100% | 496,709 |  |
1450 Research Boulevard |  |  |
Schedule of Equity Method Investments |  |  |
Investments in unconsolidated real estate joint ventures | $ 8,657 |  | 9,193
Equity Method Investment, Ownership Percentage | 73.20% |  |
Unconsolidated Real Estate Joint Ventures Debt |  |  |
Maturity Date | Dec. 10, 2026 |  |
Applicable margin (as a percent) | 1.95% |  |
Interest Rate | 6.40% |  |
Debt instrument, borrowing capacity | $ 13,000 |  |
Debt Balance at 100% | 8,965 |  |
101 West Dickman Street |  |  |
Schedule of Equity Method Investments |  |  |
Investments in unconsolidated real estate joint ventures | $ 9,666 |  | 9,749
Equity Method Investment, Ownership Percentage | 58.40% |  |
Unconsolidated Real Estate Joint Ventures Debt |  |  |
Maturity Date | Nov. 10, 2026 |  |
Applicable margin (as a percent) | 1.95% |  |
Interest Rate | 6.34% |  |
Debt instrument, borrowing capacity | $ 26,750 |  |
Debt Balance at 100% | 19,081 |  |
Other unconsolidated real estate joint ventures |  |  |
Schedule of Equity Method Investments |  |  |
Investments in unconsolidated real estate joint ventures | $ 1,543 |  | $ 10,357

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