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Segment Reporting
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Segment information is prepared on the same basis that our chief operating decision maker (CODM) reviews information to assess performance and make resource allocation decisions. Our CODM is our CEO.  We operate in two business segments: (i) the acquisition, development, ownership and management of office real estate and (ii) the acquisition, development, ownership and management of multifamily real estate.  The services for our office segment primarily include rental of office space and other tenant services, including parking and storage space rental.  The services for our multifamily segment include rental of apartments and other tenant services, including parking and storage space rental. Asset information by segment is not reported because we do not use this measure to assess performance or make decisions to allocate resources.  Therefore, depreciation and amortization expense is not allocated among segments.  General and administrative expenses and interest expense are not included in segment profit as our internal reporting addresses these items on a corporate level.

The table below presents the operating activity of our reportable segments:

(In thousands)Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Office Segment
Total office revenues$201,059 $202,661 $605,966 $599,838 
Office expenses(74,065)(78,026)(223,677)(212,387)
Office segment profit126,994 124,635 382,289 387,451 
Multifamily Segment
Total multifamily revenues49,521 48,092 148,583 141,661 
Multifamily expenses(17,117)(16,740)(49,902)(48,557)
Multifamily segment profit32,404 31,352 98,681 93,104 
Total profit from all segments$159,398 $155,987 $480,970 $480,555 


The table below presents a reconciliation of the net (loss) income attributable to common stockholders to the total profit from all segments:

(In thousands)Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
Net (loss) income attributable to common stockholders$(10,854)$4,618 $23,111 $24,405 
Net loss attributable to noncontrolling interests(10,341)(4,878)(14,790)(9,303)
Net (loss) income(21,195)(260)8,321 15,102 
General and administrative expenses10,773 10,109 34,514 33,168 
Depreciation and amortization101,203 97,180 300,762 288,441 
Other income(4,359)(7,298)(14,070)(21,772)
Other expenses167 96 433 290 
Income from unconsolidated Fund— (664)— (1,785)
Interest expense72,809 56,824 198,222 167,111 
Gain from consolidation of JV— — (47,212)— 
Total profit from all segments$159,398 $155,987 $480,970 $480,555