Real Estate Assets and Construction in Progress

9 Months Ended

Sep. 30, 2017

Real Estate Assets and Construction in Progress [Abstract]

Real Estate Assets and Construction in Progress

5. Real Estate Assets and Construction in Progress

The following is a summary of properties owned or leased by the Company as of September 30, 2017 and December 31, 2016 (in thousands):

As of September 30, 2017 (unaudited):

Property Location	Land		Buildings, Improvements and Equipment		Construction in Progress		Total Cost
Atlanta, Georgia (Atlanta-Metro)	$	20,416	$	450,128	$	24,269	$	494,813
Richmond, Virginia		2,180		253,346		61,257		316,783
Irving, Texas		8,606		259,999		68,478		337,083
Suwanee, Georgia (Atlanta-Suwanee)		3,521		169,625		2,876		176,022
Chicago, Illinois		9,400		80,737		125,350		215,487
Leased Facilities *		1,130		123,052		11,000		135,182
Piscataway, New Jersey		7,466		82,571		36,250		126,287
Santa Clara, California **		—		100,565		6,909		107,474
Sacramento, California		1,481		62,529		1,868		65,878
Princeton, New Jersey		20,700		32,823		469		53,992
Fort Worth, Texas		9,079		17,587		32,611		59,277
Ashburn, Virginia		—		—		32,829		32,829
Phoenix, Arizona		—		—		25,091		25,091
Other ***		2,213		35,541		133		37,887
	$	86,192	$	1,668,503	$	429,390	$	2,184,085

*Includes 13 facilities. All facilities are leased, including those subject to capital leases. During the quarter ended March 31, 2017, the Company moved its Jersey City, NJ facility to the “Leased facilities” line item. In October 2017, the Company finalized the buyout of the Vault facility in Dulles, VA that was previously subject to a capital lease agreement. As the purchase occurred subsequent to September 30, 2017, the Vault facility is included within the “Leased Facilities” line item herein.

**Owned facility subject to long-term ground sublease.

***Consists of Miami, FL; Lenexa, KS and Overland Park, KS facilities. During the quarter ended June 30, 2017, fixed assets and the associated accumulated depreciation related to the Duluth, GA facility (comprised of $1.9 million of land, $8.7 million of buildings, improvements, and equipment, and $0.1 million of construction in progress) were moved from Real Estate Assets, net to Other assets, net on the Consolidated Balance Sheet as the facility was transitioned to corporate office space.

As of December 31, 2016:

Property Location	Land		Buildings, Improvements and Equipment		Construction in Progress		Total Cost
Atlanta, Georgia (Atlanta-Metro)	$	15,397	$	434,965	$	32,422	$	482,784
Richmond, Virginia		2,180		237,347		70,580		310,107
Irving, Texas		8,606		204,713		69,653		282,972
Suwanee, Georgia (Atlanta-Suwanee)		3,521		171,376		2,013		176,910
Chicago, Illinois		9,400		45,848		100,623		155,871
Leased Facilities *		1,130		116,290		10,003		127,423
Piscataway, New Jersey		7,466		82,210		17,261		106,937
Santa Clara, California **		—		98,708		7,078		105,786
Sacramento, California		1,481		62,102		390		63,973
Princeton, New Jersey		20,700		32,788		538		54,026
Fort Worth, Texas		136		610		49,116		49,862
Other ***		4,113		37,810		6,283		48,206
	$	74,130	$	1,524,767	$	365,960	$	1,964,857

*Includes 13 facilities. All facilities are leased, including those subject to capital leases. During the quarter ended March 31, 2017, the Company moved its Jersey City, NJ facility to the “Leased facilities” line item, therefore has conformed December 31, 2016 information to comparable categories. In October 2017, the Company finalized the buyout of the Vault facility in Dulles, VA that was previously subject to a capital lease agreement. As the purchase occurred subsequent to September 30, 2017, the Vault facility is included within the “Leased Facilities” line item herein.

**Owned facility subject to long-term ground sublease.

***Consists of Miami, FL; Lenexa, KS; Overland Park, KS; and Duluth, GA facilities.