v3.26.1
Indebtedness (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Oct. 01, 2026
Jun. 02, 2026
USD ($)
May 20, 2026
USD ($)
Apr. 14, 2026
Apr. 10, 2026
Feb. 13, 2026
Feb. 02, 2026
USD ($)
Jul. 22, 2025
USD ($)
Jun. 26, 2025
May 19, 2023
USD ($)
Dec. 06, 2022
USD ($)
Aug. 23, 2022
USD ($)
extension_option
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Jun. 21, 2024
USD ($)
Jun. 14, 2024
USD ($)
Aug. 29, 2023
USD ($)
Jun. 29, 2023
USD ($)
Indebtedness                                          
Loss on extinguishment of debt                         $ 523 $ 0 $ 523 $ 0          
Closing fees                             1,153 727          
Debt issuances, credit facility, and construction loan borrowings                             81,270 $ 162,904          
The Everly                                          
Indebtedness                                          
Repayments of secured debt             $ 2,000                            
Revolving credit facility | The Everly                                          
Indebtedness                                          
Duration of extension option             1 year                            
Secured Debt                                          
Indebtedness                                          
Repayments of secured debt     $ 265,500                                    
Loss on extinguishment of debt     2,700                                    
Prepayment penalties     1,300                                    
Secured Debt | Liabilities of discontinued operations                                          
Indebtedness                                          
Loss on extinguishment of debt     2,100                                    
Secured Debt | Encore Apartments & 4525 Main Street                                          
Indebtedness                                          
Extension term         45 days 60 days                              
Secured Debt | Constellation Energy Building                                          
Indebtedness                                          
Repayments of secured debt     $ 53,200                                    
Amended And Restated Credit Agreement | Line of Credit                                          
Indebtedness                                          
Aggregate capacity under the credit facility                       $ 550,000                  
Accordion feature maximum borrowing capacity                       1,000,000                  
Amended And Restated Credit Agreement | Line of Credit | Revolving credit facility                                          
Indebtedness                                          
Aggregate capacity under the credit facility                       $ 250,000               $ 355,000  
Number of extension options | extension_option                       2                  
Duration of extension option                       6 months                  
Extension fee percentage                       0.075%                  
Increased the capacity of the revolving credit facility                                     $ 50,000 105,000  
Credit spread adjustment                       0.10%                  
Line of credit, amount outstanding                         $ 21,000   $ 21,000   $ 241,000        
Interest rate on credit facility as of end of period                         5.25%   5.25%            
Interest rate on credit facility as of end of period after giving effect to interest rate swaps                         3.89%   3.89%            
Amended And Restated Credit Agreement | Line of Credit | Revolving credit facility | Minimum                                          
Indebtedness                                          
Basis points on unused commitment fee                       0.15%                  
Amended And Restated Credit Agreement | Line of Credit | Revolving credit facility | Maximum                                          
Indebtedness                                          
Basis points on unused commitment fee                       0.25%                  
Amended And Restated Credit Agreement | Line of Credit | Revolving credit facility | Secured Overnight Financing Rate (SOFR) | Minimum                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate                       1.30%                  
Amended And Restated Credit Agreement | Line of Credit | Revolving credit facility | Secured Overnight Financing Rate (SOFR) | Maximum                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate                       1.85%                  
Amended And Restated Credit Agreement | Line of Credit | Term Loan Facility                                          
Indebtedness                                          
Aggregate capacity under the credit facility                       $ 300,000             $ 350,000 $ 655,000  
Credit spread adjustment                       0.10%                  
Line of credit, amount outstanding                         $ 350,000   $ 350,000   350,000        
Interest rate on credit facility as of end of period                         5.20%   5.20%            
Interest rate on credit facility as of end of period after giving effect to interest rate swaps                         4.17%   4.17%            
Amended And Restated Credit Agreement | Line of Credit | Term Loan Facility | Secured Overnight Financing Rate (SOFR) | Minimum                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate                       1.25%                  
Amended And Restated Credit Agreement | Line of Credit | Term Loan Facility | Secured Overnight Financing Rate (SOFR) | Maximum                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate                       1.80%                  
M&T Term Loan Agreement | Line of Credit                                          
Indebtedness                                          
Aggregate capacity under the credit facility                     $ 100,000                    
Accordion feature maximum borrowing capacity                     $ 200,000                    
M&T Term Loan Agreement | Line of Credit | Revolving credit facility                                          
Indebtedness                                          
Duration of extension option                     1 year                    
Extension fee percentage                     0.075%                    
Increased the capacity of the revolving credit facility                                   $ 35,000      
Credit spread adjustment                     0.10%                    
Line of credit, amount outstanding                         $ 135,000   $ 135,000   135,000 $ 135,000      
Interest rate on credit facility as of end of period                         4.74%   4.74%            
Interest rate on credit facility as of end of period after giving effect to interest rate swaps                         5.20%   5.20%            
M&T Term Loan Agreement | Line of Credit | Revolving credit facility | Secured Overnight Financing Rate (SOFR)                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate                     1.00%                    
M&T Term Loan Agreement | Line of Credit | Revolving credit facility | Federal Funds Rate                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate                     0.50%                    
TD Term Loan Facility                                          
Indebtedness                                          
Extension term       12 months         1 year                        
TD Term Loan Facility | Line of Credit                                          
Indebtedness                                          
Aggregate capacity under the credit facility                   $ 75,000                      
Accordion feature maximum borrowing capacity                   $ 150,000                      
TD Term Loan Facility | Line of Credit | Revolving credit facility                                          
Indebtedness                                          
Aggregate capacity under the credit facility                                         $ 95,000
Credit spread adjustment                   0.10%                      
Line of credit, amount outstanding                         $ 95,000   $ 95,000   $ 95,000        
Interest rate on credit facility as of end of period after giving effect to interest rate swaps                         5.30%   5.30%            
TD Term Loan Facility | Line of Credit | Revolving credit facility | Secured Overnight Financing Rate (SOFR)                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate                   1.00%                      
TD Term Loan Facility | Line of Credit | Revolving credit facility | Federal Funds Rate                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate                   0.50%                      
TD Term Loan Facility | Line of Credit | Revolving credit facility | Base Rate                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate                   1.00%                      
Private Placement Notes | Term Loan Facility                                          
Indebtedness                                          
Debt instrument, face amount               $ 115,000         $ 115,000   $ 115,000            
Private Placement Notes | Term Loan Facility | Minimum                                          
Indebtedness                                          
Debt instrument, prepayment percentage                         5.00%   5.00%            
Private Placement Notes | Term Loan Facility | Maximum                                          
Indebtedness                                          
Debt instrument, prepayment percentage                         100.00%   100.00%            
Senior Notes, Series A, due July 22, 2028 | Term Loan Facility                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate               5.57%                          
Debt instrument, face amount               $ 25,000                          
Senior Notes, Series B, due July 22, 2030 | Term Loan Facility                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate               5.78%                          
Debt instrument, face amount               $ 45,000                          
Senior Notes, Series B, due July 22, 2032 | Term Loan Facility                                          
Indebtedness                                          
Debt instrument, face amount               $ 45,000                          
Senior Notes, Series C, due July 22, 2032 | Term Loan Facility                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate               6.09%                          
Thames Street Wharf                                          
Indebtedness                                          
Closing fees   $ 700                                      
Debt issuances, credit facility, and construction loan borrowings   $ 1,300                                      
Thames Street Wharf | Secured Overnight Financing Rate (SOFR)                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate   1.30%                                      
Thames Street Wharf | Secured Overnight Financing Rate (SOFR) | Forecast                                          
Indebtedness                                          
Debt instrument, basis spread on variable rate 1.80%