Real Estate Assets and Construction in Progress

12 Months Ended

Dec. 31, 2014

Real Estate Assets and Construction in Progress [Abstract]

Real Estate Assets and Construction in Progress

4. Real Estate Assets and Construction in Progress

The following is a summary of properties owned or leased by the Company as of December 31, 2014 and 2013 (in thousands):

As of December 31, 2014: 

Property Location		Land		Buildings and Improvements			Construction in Progress		Total Cost
Owned Properties
Suwanee, Georgia (Atlanta-Suwanee)	$	3,521	$	138,991			6,345	$	148,857
Atlanta, Georgia (Atlanta-Metro)		15,397		356,122			22,693		394,212
Santa Clara, California*		-		90,332			650		90,982
Richmond, Virginia		2,180		127,080			71,794		201,054
Sacramento, California		1,481		60,094			278		61,853
Princeton, New Jersey		17,976		35,951			90		54,017
Dallas-Fort Worth, Texas		5,808		44,053			89,982		139,843
Chicago, Illinois		-		-			21,786		21,786
Miami, Florida		1,777		28,786			129		30,692
Lenexa, Kansas		437		3,298			25		3,760
Wichita, Kansas		-		1,409			-		1,409
		48,577		886,116			213,772		1,148,465
Leased Properties
Jersey City, New Jersey		-		27,318			920		28,238
Overland Park, Kansas		-		852	**		27		879
		-		28,170			947		29,117
	$	48,577	$	914,286		$	214,719	$	1,177,582

*  Owned facility subject to long-term ground sublease.

** This does not include the portion of the business that is used for QTS office space or other real estate not used by customers.

As of December 31, 2013:

Property Location		Land		Buildings and Improvements			Construction in Progress		Total Cost
Owned Properties
Suwanee, Georgia (Atlanta-Suwanee)	$	3,521	$	126,486			3,270	$	133,277
Atlanta, Georgia (Atlanta-Metro)		15,397		296,547			32,456		344,400
Santa Clara, California*		-		86,544			1,249		87,793
Richmond, Virginia		2,180		108,979			67,155		178,314
Sacramento, California		1,481		52,841			4,273		58,595
Dallas-Fort Worth, Texas		5,808		-			38,501		44,309
Miami, Florida		1,777		27,553			-		29,330
Lenexa, Kansas		437		3,298			-		3,735
Wichita, Kansas		-		1,409			-		1,409
		30,601		703,657			146,904		881,162
Leased Properties
Jersey City, New Jersey		-		23,811			-		23,811
Overland Park, Kansas		-		762	**				762
		-		24,573			-		24,573
	$	30,601	$	728,230		$	146,904	$	905,735

*   Owned facility subject to long-term ground sublease
** This does not include the portion of the business that is used for QTS office space or other real estate not used by customers.