5. Real Estate Assets and Construction in Progress

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

As of December 31, 2017:


Property Location	Land		Buildings and Improvements		Construction in Progress		Total Cost
Atlanta, Georgia (Atlanta-Metro)	$	20,416	$	452,836	$	28,614	$	501,866
Irving, Texas		8,606		276,894		86,320		371,820
Richmond, Virginia		2,180		254,603		61,888		318,671
Chicago, Illinois		9,400		81,463		135,479		226,342
Suwanee, Georgia (Atlanta-Suwanee)		3,521		165,915		3,620		173,056
Leased Facilities (1)		—		59,460		5,534		64,994
Piscataway, New Jersey		7,466		83,251		37,807		128,524
Santa Clara, California (2)		—		100,028		6,989		107,017
Sacramento, California		1,481		64,251		58		65,790
Fort Worth, Texas		9,079		17,894		33,774		60,747
Princeton, New Jersey		20,700		32,948		451		54,099
Dulles, Virginia		3,154		76,239		3,565		82,958
Ashburn, Virginia (3)		—		—		106,952		106,952
Phoenix, Arizona (3)		—		—		27,402		27,402
Hillsboro, Oregon (3)		—		—		29,278		29,278
Other (4)		2,213		35,505		88		37,806
	$	88,216	$	1,701,287	$	567,819	$	2,357,322

(1)

Includes 11 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. During the quarter ended December 31, 2017, the Company completed the buyout of the Vault facility in Dulles, VA that was previously subject to a capital lease agreement, and as such, the facility was moved from the “Leased facilities” line item to a separate “Dulles, Virginia” line item.

(2)

Owned facility subject to long-term ground sublease.

(3)

Represent land purchases. Land acquisition costs, as well as subsequent development costs, are included within construction in progress until development on the land has ended and the asset is ready for its intended use.

(4)

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

(1)

Includes 12 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.

(2)

Owned facility subject to long-term ground sublease.

(3)

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