Annual report [Section 13 and 15(d), not S-K Item 405]

Real Estate Joint Ventures - Narrative (Details)

v3.25.4
Real Estate Joint Ventures - Narrative (Details)
ft² in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
ft²
LW Redstone Company, LLC  
Investments in real estate joint ventures  
Partner's capital account upon formation | $ $ 9.0
Percentage of cumulative preferred returns of cash flows on partners' invested capital 13.50%
Percentage of cumulative preferred returns of cash flows on our invested capital 13.50%
Percentage of residual distributable cash flows in excess of unpaid cumulative preferred returns and return of invested capital entitled to the company 85.00%
Percentage of residual distributable cash flows in excess of unpaid cumulative preferred returns and return of invested capital entitled to the entity's partners 15.00%
Number of years following construction commencement threshold achievement before partner's interest can be purchased at fair value 5 years
Construction commencement threshold (in sqft) | ft² 4.4
Construction commencement completed (in sqft) | ft² 2.8
LW Redstone Company, LLC | Notes Receivable from the City of Huntsville  
Investments in real estate joint ventures  
Infrastructure costs funded to date for reimbursement by the City of Huntsville | $ $ 75.3
Stevens Investors, LLC | Maximum  
Investments in real estate joint ventures  
Percentage of residual distributable cash flows in excess of unpaid cumulative preferred returns and return of invested capital entitled to the company 85.00%
Stevens Investors, LLC | Minimum  
Investments in real estate joint ventures  
Percentage of residual distributable cash flows in excess of unpaid cumulative preferred returns and return of invested capital entitled to the company 60.00%
M Square Associates, LLC  
Investments in real estate joint ventures  
Preferred return on capital contributions used to fund infrastructure costs 10.00%
Preferred return on capital contributions used to fund all other costs 10.00%
Percentage of residual amounts distributed to each member 50.00%