v3.26.1
Unconsolidated Affiliates and Noncontrolling Interests -Summarized Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
ASSETS:                
Investment in real estate assets [1] $ 2,248,413   $ 2,248,413     $ 2,221,541    
Accumulated depreciation [1] (389,994)   (389,994)     (355,900)    
Net investment in real estate assets [1] 1,858,419   1,858,419     1,865,641    
Developments in progress [1] 9,440   9,440     10,533    
Net investment in real estate assets [1] 1,867,859   1,867,859     1,876,174    
Total assets [1] 2,637,218   2,637,218     2,729,099    
LIABILITIES:                
Mortgage and other indebtedness, net 2,034,011   2,034,011     2,170,785    
Total liabilities [1] 2,214,979   2,214,979     2,364,425    
OWNERS' EQUITY:                
The Company 427,436   427,436     374,936    
Noncontrolling interests (5,197)   (5,197)     (10,262)    
Total equity 422,239 $ 277,513 422,239 $ 277,513 $ 387,339 364,674 $ 283,762 $ 312,864
Total liabilities, redeemable noncontrolling interests and equity 2,637,218   2,637,218     2,729,099    
Total revenues [2],[3] 146,479 140,905 292,447 282,673        
Net income 46,321 2,158 92,706 10,545        
BI Development II, LLC                
ASSETS:                
Investment in real estate assets 1,190,238   1,190,238     1,255,163    
Accumulated depreciation (558,942)   (558,942)     (574,364)    
Net investment in real estate assets 631,296   631,296     680,799    
Developments in progress 3,643   3,643     1,315    
Net investment in real estate assets 634,939   634,939     682,114    
Other assets 124,244   124,244     135,138    
Total assets 759,183   759,183     817,252    
LIABILITIES:                
Mortgage and other indebtedness, net 730,242   730,242     715,013    
Other liabilities 31,994   31,994     23,468    
Total liabilities 762,236   762,236     738,481    
OWNERS' EQUITY:                
The Company 63,836   63,836     78,016    
Noncontrolling interests (66,889)   (66,889)     755    
Total equity (3,053)   (3,053)     78,771    
Total liabilities, redeemable noncontrolling interests and equity 759,183   759,183     $ 817,252    
Total revenues 47,008 43,636 92,701 88,838        
Net income [4] $ 32,261 $ 9,556 $ 40,021 $ 52,546        
[1] As of June 30, 2026, includes $152,722 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $174,638 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 8.
[2] Management, development and leasing fees earned by the Management Company are included in the All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source.
[3] Sales taxes are excluded from revenues.
[4] The Company's pro rata share of net income was $22,311 and $6,437 for the three months ended June 30, 2026 and 2025, respectively. For the six months ended June 30, 2026 and 2025, the Company's pro rata share of net income was $32,588 and $13,350, respectively.