Real Estate Assets and Construction in Progress (Tables)

3 Months Ended

Mar. 31, 2015

Real Estate Assets and Construction in Progress [Abstract]

Summary of Properties Owned or Leased by the Company

The following is a summary of properties owned or leased by the Company as of March 31, 2015 and December 31, 2014 (in thousands):

As of March 31, 2015(unaudited):

Property Location		Land		Buildings and Improvements			Construction in Progress		Total Cost
Owned Properties
Suwanee, Georgia (Atlanta-Suwanee)	$	3,521	$	142,056		$	9,162	$	154,739
Atlanta, Georgia (Atlanta-Metro)		15,397		374,147			18,668		408,212
Santa Clara, California*		-		91,151			742		91,893
Richmond, Virginia		2,180		127,843			112,981		243,004
Sacramento, California		1,481		60,158			386		62,025
Princeton, New Jersey		17,976		35,977			220		54,173
Dallas-Fort Worth, Texas		5,808		61,551			96,134		163,493
Chicago, Illinois		-		-			26,766		26,766
Miami, Florida		1,777		28,850			205		30,832
Lenexa, Kansas		437		3,466			17		3,920
Wichita, Kansas		-		1,409			-		1,409
		48,577		926,608			265,281		1,240,466
Leased Properties
Jersey City, New Jersey		-		27,450			923		28,373
Overland Park, Kansas		-		857	**		30		887
		-		28,307			953		29,260
	$	48,577	$	954,915		$	266,234	$	1,269,726

*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, 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

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* 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.