Real Estate (Tables)

9 Months Ended

Sep. 30, 2025

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


(Dollars in thousands)	September 30, 2025		December 31, 2024
Hampden House (1)	$	256,342	$	217,537
Twinbrook Quarter - Other (2)	85,870		84,662
Ashland Square Phase II (3)	10,626		—
Twinbrook Quarter Phase I - Retail/Residential (4)	2,623		9,664
Other	16,060		14,330
Total	$	371,521	$	326,193

(1)Includes capitalized interest of $25.9 million and $20.8 million, as of September 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 $5.3 million and $5.4 million, as of September 30, 2025 and December 31, 2024, respectively. (3)Includes capitalized interest of $0.2 million as of September 30, 2025. (4)Includes capitalized interest of $0.2 million and $0.6 million, as of September 30, 2025 and December 31, 2024, respectively.