XML 76 R59.htm IDEA: XBRL DOCUMENT v3.25.4

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Lease Cost

Our lease costs and related sublease income, which is recognized on certain of the ground leases, were as follows (in thousands):

						For the Year Ended December 31,
						2025						2024						2023
Operating lease costs						$	7,796					$	6,566					$	6,864
Finance lease costs:
Amortization of right-of-use asset						160						—						—
Interest on lease liability						431						—						—
Short-term lease costs						146						134						75
Sublease income						(1,009)						—						$	—
Total lease cost						$	7,524					$	6,700					$	6,939

Information concerning our operating and finance lease liabilities, which are classified within accounts payable, accrued expenses and other liabilities in our consolidated balance sheets as of December 31, 2025 and 2024, is as follows (dollars in thousands):

						Cash Paid for Amounts Included in the Measurement of Lease Liabilities for the Year Ended December 31,
						2025						2024
Operating leases						$	5,284					$	5,074
Finance lease						313						—

			Weighted-Average Remaining Lease Term (1)  as of December 31,												Weighted-Average Discount Rate as of December 31,
			2025						2024						2025						2024
Operating leases			22.5 years						11.0 years						8.1%						9.0%
Finance lease			37.9 years						N/A						6.4%						N/A

______________________________________________________________________________________________________________________

(1)Includes renewal option periods considered reasonably certain to be exercised.

Schedule of Future Maturity of Operating Leases

Future maturity of lease liabilities:						Operating Leases						Finance Lease
2026						$	5,857					$	750
2027						6,126						750
2028						6,165						763
2029						6,282						825
2030						5,708						825
Thereafter						93,224						37,347
Total						$	123,362					$	41,260
Less interest component						(68,350)						(27,262)
Lease liabilities (classified within accounts payable, accrued expenses and other liabilities)						$	55,012					$	13,998
Memo: Right-of-use assets (classified within other assets)						$	54,287					$	13,719

Schedule of Future Maturity of Finance Leases

Future maturity of lease liabilities:						Operating Leases						Finance Lease
2026						$	5,857					$	750
2027						6,126						750
2028						6,165						763
2029						6,282						825
2030						5,708						825
Thereafter						93,224						37,347
Total						$	123,362					$	41,260
Less interest component						(68,350)						(27,262)
Lease liabilities (classified within accounts payable, accrued expenses and other liabilities)						$	55,012					$	13,998
Memo: Right-of-use assets (classified within other assets)						$	54,287					$	13,719

X

- References

No definition available.

+ Details

Name:	us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration