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Investments in and Advances to Unconsolidated Affiliates - Schedule of Investments (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Feb. 28, 2025
Jan. 23, 2025
Jan. 22, 2025
Dec. 31, 2024
Sep. 25, 2024
Schedule of Equity Method Investments [Line Items]            
Due from Related Parties $ 6,584       $ 2,523  
Other [1] 3,511       4,540  
Investments in and advances to unconsolidated affiliates 164,403       209,232  
Distributions in excess of income from, and investments in, unconsolidated affiliates 17,119       16,514  
Related Party            
Schedule of Equity Method Investments [Line Items]            
Due from Related Parties $ 1,480       446  
840 N. Michigan Avenue            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage   2.50%        
Renaissance Portfolio            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage     48.00% 20.00%    
Equity method investments     $ 245,700      
Fund IV            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 23.12%          
Fund V            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 20.10%         90.00%
REIT Portfolio            
Schedule of Equity Method Investments [Line Items]            
Equity method investments $ 83,567       110,184  
REIT Portfolio | Renaissance Portfolio            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [2] 68.00%          
Equity method investments [2] $ 0       28,250  
REIT Portfolio | Gotham Plaza            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 49.00%          
Equity method investments $ 30,393       30,561  
REIT Portfolio | Georgetown Portfolio            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [3] 50.00%          
Equity method investments [3] $ 3,792       4,214  
REIT Portfolio | 1238 Wisconsin Avenue            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [3],[4] 80.00%          
Equity method investments [3],[4] $ 18,194       19,048  
REIT Portfolio | Crossroads            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [5] 49.00%          
Distributions in excess of income from, and investments in, unconsolidated affiliates [5] $ 17,119       16,514  
REIT Portfolio | 840 N. Michigan            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [6],[7] 94.35%          
Equity method investments [6],[7] $ 31,188       28,111  
Investment Management | Fund IV Other Portfolio            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [8],[9] 90.00%          
Equity method investments [8],[9] $ 432       5,291  
Investment Management | 650 Bald Hill Road            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [9],[10] 90.00%          
Equity method investments [9],[10] $ 5,823       9,220  
Investment Management | Fund IV            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [9] $ 6,255       14,511  
Investment Management | Fund V Family Center at Riverdale            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [7],[9] 89.42%          
Equity method investments [7],[9] $ 650       1,832  
Investment Management | Tri City Plaza            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [9] 90.00%          
Equity method investments [9] $ 6,070       6,914  
Investment Management | Frederick County Acquisitions            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [9],[11] 90.00%          
Equity method investments [9],[11] $ 4,879       4,375  
Investment Management | Wood Ridge Plaza            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [9] 90.00%          
Equity method investments [9] $ 8,179       9,313  
Investment Management | La Frontera Village            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [9] 90.00%          
Equity method investments [9] $ 10,519       13,389  
Investment Management | Shoppes at South Hills            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [9] 90.00%          
Equity method investments [9] $ 9,203       10,139  
Investment Management | Mohawk Commons            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage [9] 90.00%          
Equity method investments [9] $ 9,897       12,350  
Investment Management | Fund V            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [9] $ 49,397       58,312  
Investment Management | Shops at Grand            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 5.00%          
Equity method investments $ 2,360       2,452  
Investment Management | Walk at Highwoods Preserve            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 20.00%          
Equity method investments $ 1,899       2,279  
Investment Management | LINQ Promenade            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 15.00%          
Equity method investments $ 15,934       16,508  
Investment Management | Other            
Schedule of Equity Method Investments [Line Items]            
Equity method investments $ 20,193       $ 21,239  
[1] Includes cost-method investment in Fifth Wall. The Company recorded an impairment charge of $0.2 million and $0.6 million for the three and nine months ended September 30, 2025, which is included in Realized and unrealized holding gains (losses) on investments and other in the Company’s Condensed Consolidated Statements of Operations.
[2] On January 23, 2025, the Company acquired an additional 48% economic ownership interest, and increased its existing 20% interest to 68%, in the Renaissance Portfolio primarily located in Washington D.C. Prior to the acquisition, the Company accounted for its 20% interest under the equity method of accounting. Due to the Company gaining a controlling financial interest as a result of this acquisition, the Company concluded that the entity is a variable interest entity (“VIE”) and that it is the primary beneficiary, and it should consolidate its investment within its REIT Portfolio segment effective January 23, 2025. Accordingly, the Company recognized a loss on change in control of $9.6 million (Note 2).
[3] Represents a VIE for which the Company is not the primary beneficiary (Note 15).
[4] Includes the amounts advanced against a $12.8 million construction commitment from the Company to the venture that holds its investment in 1238 Wisconsin. As of September 30, 2025 and December 31, 2024 the related party note receivable had a principal balance of $12.8 million, net of a $0.1 million allowance for each period. The loan is secured by the venture members’ equity interest in the entity that owns the 1238 Wisconsin development property, bears interest at Prime + 1.0% (subject to a 4.5% floor), and matures on December 28, 2027. The Company recognized interest income of $0.1 million for each of the three and nine month periods ended September 30, 2025 and 2024, respectively, related to this note receivable.
[5] Distributions have exceeded the Company’s investment; however, the Company recognizes a liability balance as it may elect to contribute capital to the entity.
[6] In February 2025, the Company acquired an additional 2.5% interest in the 840 North Michigan Avenue venture increasing its ownership interest from 91.85% to 94.35%. The note receivable from the 840 North Michigan Avenue venture partners had a balance of $1.6 million and $2.3 million as of September 30, 2025 and December 31, 2024, respectively and matures in July 2025 (Note 3).
[7] Represents a tenancy-in-common interest.
[8] As of September 30, 2025, the investment balance relates to undistributed proceeds from the disposition of the Eden Square property.
[9] The Company owns 23.12% and 20.10% in Funds IV and V, respectively (Note 1). For the ventures within these funds, the ownership interest percentage represents the Fund’s ownership interest and not the Company’s proportionate share.
[10] As of September 30, 2025, the venture recognized an impairment charge of $3.5 million on the property due to a shortened hold period. The Company’s proportionate share of $0.7 million was recorded through Equity in (losses) earnings of unconsolidated affiliates in the Company’s Condensed Consolidated Statements of Operations. The Company continues to monitor its investment in 650 Bald Hill and has not identified any additional indicators of other than temporary impairment at the reporting date.
[11] On September 25, 2024 the venture which Fund V holds a 90% interest in sold a 300,000 square foot property, Frederick Crossing, in Frederick County, Maryland. Fund V maintains its 90% interest in the venture which retains its interest in the remaining Frederick County Square property of the Frederick County Acquisitions portfolio.