v3.25.4
Debt - Mortgage Loans - Schedule and Narratives (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Feb. 28, 2025
Dec. 31, 2024
Nov. 30, 2024
Sep. 30, 2024
Jun. 30, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt                      
Debt, gross                 $ 2,546,589    
Repayments of mortgage loans                 507,873 $ 197,954 $ 281,854
Gain on extinguishment of debt                 (2,402) 9,235 $ (450)
WestEnd25 | Disposal Group, Disposed of by Sale, Not Discontinued Operations                      
Debt                      
Repayments of mortgage loans   $ 97,500             97,500    
8001 Woodmont | Disposal Group, Disposed of by Sale, Not Discontinued Operations                      
Debt                      
Repayments of mortgage loans       $ 99,700         99,700    
1101 17th Street                      
Debt                      
Ownership percentage acquired 45.00%                    
1101 17th Street | 1101 17th Street                      
Debt                      
Unamortized discount                 $ 29,600    
Mortgage loans                      
Debt                      
Variable rate                 5.19%    
Variable rate amount         $ 587,254       $ 600,899 587,254  
Fixed rate                 5.17%    
Fixed rate amount         1,196,479       $ 1,020,690 1,196,479  
Debt, gross         1,783,733       1,621,589 1,783,733  
Unamortized deferred financing costs and premium/ discount, net         (16,560)       (42,431) (16,560)  
Long-term debt, net         1,767,173       $ 1,579,158 1,767,173  
Weighted average interest rate cap strike                 3.18%    
SOFR at end of period                 3.69%    
Net carrying value of real estate collateralizing the mortgages loans         2,100,000       $ 1,700,000 2,100,000  
Mortgage loans | 1101 17th Street                      
Debt                      
Debt, gross         60,000         60,000  
Mortgage loans | 1101 17th Street | 1101 17th Street                      
Debt                      
Debt, gross $ 60,000                    
Fixed interest Rate 3.40%                    
Fair value of debt assumed $ 30,400                    
Mortgage loans | Interest Rate Contract                      
Debt                      
Derivative notional amount         1,400,000       $ 756,000 1,400,000  
Mortgage loans | Assets pledged as collateral | The Grace and The Reva                      
Debt                      
Fixed rate           5.19%          
Interest only payment period           5 years          
Principal amount           $ 273,600          
Mortgage loans | Assets pledged as collateral | 2101 L Street                      
Debt                      
Principal amount         120,900         $ 120,900  
Repayments of mortgage loans         6,700            
Gain on extinguishment of debt         $ 9,200            
Mortgage loans | Assets pledged as collateral | 201 12th Street S., 200 12th Street S., and 251 18th Street S.                      
Debt                      
Repayments of mortgage loans             $ 83,300        
Mortgage loans | Assets pledged as collateral | Falkland Chase-South & West and 800 North Glebe Road                      
Debt                      
Repayments of mortgage loans               $ 142,400      
Mortgage loans | Assets pledged as collateral | Ashley, Potomac and James buildings                      
Debt                      
Fixed rate     5.03%                
Interest only payment period     5 years                
Principal amount     $ 258,900                
Repayments of mortgage loans     $ 307,700