Real Estate Assets and Construction in Progress

9 Months Ended

Sep. 30, 2015

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 September 30, 2015 and December 31, 2014 (in thousands):

As of September 30, 2015 (unaudited):

Property Location		Land		Buildings and Improvements		Construction in Progress		Total Cost
Owned Properties
Suwanee, Georgia (Atlanta-Suwanee)	$	3,521	$	146,714	$	16,558	$	166,793
Atlanta, Georgia (Atlanta-Metro)		15,396		386,397		48,403		450,196
Santa Clara, California*		-		93,895		990		94,885
Richmond, Virginia		2,180		166,283		122,746		291,209
Sacramento, California		1,481		61,112		302		62,895
Princeton, New Jersey		20,700		32,583		314		53,597
Dallas-Fort Worth, Texas		5,808		70,710		113,115		189,633
Chicago, Illinois		-		-		43,098		43,098
Miami, Florida		1,777		30,038		306		32,121
Lenexa, Kansas		437		3,511		-		3,948
Wichita, Kansas		-		1,409		-		1,409
		51,300		992,652		345,832		1,389,784
Leased Properties
Carpathia properties ***		1,130		87,425		6,384		94,939
Jersey City, New Jersey		-		27,767		1,566		29,333
Overland Park, Kansas **		-		914		-		914
		1,130		116,106		7,950		125,186
	$	52,430	$	1,108,758	$	353,782	$	1,514,970

*    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.
*** Includes 13 facilities. All facilities are leased, including those subject to capital leases.

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.