XML 61 R46.htm IDEA: XBRL DOCUMENT v3.25.1
Investment in Unconsolidated Joint Ventures (Narrative) (Details)
$ in Thousands
3 Months Ended
Mar. 05, 2025
USD ($)
ft²
apartments
Feb. 27, 2025
USD ($)
ft²
Mar. 31, 2025
USD ($)
Real_Estate_Properties
Mar. 31, 2024
USD ($)
Schedule of Equity Method Investments [Line Items]        
Repayments of Secured Debt     $ 1,122 $ 804
Loss from early extinguishment of debt     338 0
Payments to Acquire Equity Method Investments     $ 52,611 26,457
Residential Building        
Schedule of Equity Method Investments [Line Items]        
Number of real estate properties | Real_Estate_Properties     8  
7750 Wisconsin Avenue LLC [Member]        
Schedule of Equity Method Investments [Line Items]        
Ownership Percentage   50.00% 50.00%  
CAB 290 Coles Venture LLC        
Schedule of Equity Method Investments [Line Items]        
Ownership Percentage 19.46%   19.46% [1]  
Payments to Acquire Equity Method Investments $ 20,000      
CAB 290 Coles Holdco LLC        
Schedule of Equity Method Investments [Line Items]        
Ownership Percentage [1],[2]     0.00%  
CAB 290 Coles Holdco LLC | Maximum [Member] | Forecast        
Schedule of Equity Method Investments [Line Items]        
Payments to Acquire Equity Method Investments $ 65,000      
Internal Rate of return on preferred equity 13.00%      
Unconsolidated Joint Ventures [Member]        
Schedule of Equity Method Investments [Line Items]        
Loss from early extinguishment of debt     $ 62 $ 0
7750 Wisconsin Avenue [Member] | Unconsolidated Properties        
Schedule of Equity Method Investments [Line Items]        
Net Rentable Area (in sf) | ft²   736,000    
7750 Wisconsin Avenue [Member] | Unconsolidated Properties | Construction Loans        
Schedule of Equity Method Investments [Line Items]        
Repayments of Secured Debt   $ 252,000    
Loss from early extinguishment of debt     $ 100  
7750 Wisconsin Avenue [Member] | Unconsolidated Properties | Mortgages [Member]        
Schedule of Equity Method Investments [Line Items]        
Debt   $ 252,000    
Debt Instrument, Interest Rate, Stated Percentage   5.49%    
290 Coles Street | Unconsolidated Properties | Residential Building        
Schedule of Equity Method Investments [Line Items]        
Net Rentable Area (in sf) | ft² 560,000      
Number of Units in Real Estate Property | apartments 670      
290 Coles Street | Unconsolidated Properties | Construction Loans        
Schedule of Equity Method Investments [Line Items]        
Debt Instrument, Basis Spread on Variable Rate 2.50%      
Debt $ 225,000      
Extension Option (in years) 1      
[1] This entity is a VIE (See Note 2).
[2] The Company agreed to fund up to $65.0 million of the required capital through its preferred equity investment. The Company’s preferred equity investment is expected to earn a 13.0% internal rate of return (“IRR”) and is to be redeemed, in full, upon the earlier of two years after stabilization of the property or March 5, 2030.