Equity Method Investments	6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments Harbor Point Parcel 3 The Company owns a 50% interest in Harbor Point Parcel 3, a joint venture with Beatty Development Group, for purposes of developing T. Rowe Price's new global headquarters office building in Baltimore, Maryland. The Company is a noncontrolling partner in the joint venture and served as the project's general contractor. During the three months ended June 30, 2026, the Company invested $10.6 million in Harbor Point Parcel 3, and received distributions of $0.6 million. As of June 30, 2026, the Company has invested a total of $60.8 million. On April 2, 2026, the Company funded a shortfall related to Harbor Point Parcel 3. The Company and its joint venture partner were required to contribute a total of $10.6 million. The joint venture partner was unable to fund its portion when due, and the Company funded both its own and the partner’s required contributions. As a result, the joint venture partner owes the Company $5.3 million plus accrued interest. The amount due will bear interest at a rate equal to the WSJ prime rate plus 3% per annum, compounded annually, matures in three years, and distributions from Harbor Point Parcel 3 otherwise payable to the partner are applied first to accrued interest and then principal. The Company evaluated whether the arrangement altered the governance, decision-making authority, or allocation of economic interests within the joint venture, and determined that it does not change the existing conclusion that the Company is not the primary beneficiary of the venture. Based on the terms of the operating agreement, the Company has concluded that Harbor Point Parcel 3 is a VIE and that the Company holds a variable interest. The Company has significant influence over the project due to its 50% ownership interest; however, the Company does not have the power to direct the activities of the project that most significantly impact its performance. This includes activity as the managing member of the entity, which is a power that is retained by the Company's joint venture partner. Accordingly, the Company is not the project's primary beneficiary and, therefore, does not consolidate Harbor Point Parcel 3 in its consolidated financial statements. The Company's investment in the project is recorded as an equity method investment in the condensed consolidated balance sheets.

Equity Method Investments

6 Months Ended

Jun. 30, 2026

Equity Method Investments and Joint Ventures [Abstract]

Harbor Point Parcel 3

The Company owns a 50% interest in Harbor Point Parcel 3, a joint venture with Beatty Development Group, for purposes of developing T. Rowe Price's new global headquarters office building in Baltimore, Maryland. The Company is a noncontrolling partner in the joint venture and served as the project's general contractor. During the three months ended

June 30, 2026, the Company invested $10.6 million in Harbor Point Parcel 3, and received distributions of $0.6 million. As of June 30, 2026, the Company has invested a total of $60.8 million.

On April 2, 2026, the Company funded a shortfall related to Harbor Point Parcel 3. The Company and its joint venture partner were required to contribute a total of $10.6 million. The joint venture partner was unable to fund its portion when due, and the Company funded both its own and the partner’s required contributions. As a result, the joint venture partner owes the Company $5.3 million plus accrued interest. The amount due will bear interest at a rate equal to the WSJ prime rate plus 3% per annum, compounded annually, matures in three years, and distributions from Harbor Point Parcel 3 otherwise payable to the partner are applied first to accrued interest and then principal. The Company evaluated whether the arrangement altered the governance, decision-making authority, or allocation of economic interests within the joint venture, and determined that it does not change the existing conclusion that the Company is not the primary beneficiary of the venture.

Based on the terms of the operating agreement, the Company has concluded that Harbor Point Parcel 3 is a VIE and that the Company holds a variable interest. The Company has significant influence over the project due to its 50% ownership interest; however, the Company does not have the power to direct the activities of the project that most significantly impact its performance. This includes activity as the managing member of the entity, which is a power that is retained by the Company's joint venture partner. Accordingly, the Company is not the project's primary beneficiary and, therefore, does not consolidate Harbor Point Parcel 3 in its consolidated financial statements. The Company's investment in the project is recorded as an equity method investment in the condensed consolidated balance sheets.