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Real Estate (Tables)

6 Months Ended

Jun. 30, 2025

Real Estate [Abstract]

Schedule of Construction in Progress

Construction in progress as of June 30, 2025 and December 31, 2024, is composed of the following:

(Dollars in thousands)			June 30, 2025						December 31, 2024
Hampden House (1)			$	245,947					$	217,537
Twinbrook Quarter - Other (2)			84,612						84,662
Twinbrook Quarter Phase I - Retail/Residential (3)			2,542						9,664
Other			23,410						14,330
Total			$	356,511					$	326,193
(1)Includes capitalized interest of $24.1 million and $20.8 million, as of June 30, 2025 and December 31, 2024, respectively. (2)Twinbrook Quarter - Other includes infrastructure and site work necessary to support current and future development phases, and includes capitalized interest of $4.9 million and $5.4 million, as of June 30, 2025 and December 31, 2024, respectively. (3)Includes capitalized interest of $0.2 million and $0.6 million, as of June 30, 2025 and December 31, 2024, respectively.

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