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Real Estate Assets and Construction in Progress (Tables)
3 Months Ended
Mar. 31, 2018
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, 2018 and December 31, 2017 (in thousands):

 

As of March 31, 2018 (unaudited):

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Location

    

Land

    

Buildings,
Improvements
and Equipment

    

Construction
in Progress

    

Total Cost

Atlanta, Georgia (Atlanta-Metro)

 

$

20,416

 

$

461,668

 

$

24,705

 

$

506,789

Irving, Texas

 

 

8,606

 

 

326,024

 

 

69,317

 

 

403,947

Richmond, Virginia

 

 

2,180

 

 

254,868

 

 

63,007

 

 

320,055

Chicago, Illinois

 

 

9,400

 

 

95,691

 

 

128,587

 

 

233,678

Suwanee, Georgia (Atlanta-Suwanee)

 

 

3,521

 

 

168,759

 

 

3,266

 

 

175,546

Ashburn, Virginia (3)

 

 

 —

 

 

158

 

 

170,741

 

 

170,899

Piscataway, New Jersey

 

 

7,466

 

 

84,122

 

 

38,898

 

 

130,486

Santa Clara, California (1)

 

 

 —

 

 

100,450

 

 

7,052

 

 

107,502

Dulles, Virginia

 

 

3,154

 

 

77,569

 

 

3,952

 

 

84,675

Sacramento, California

 

 

1,481

 

 

64,438

 

 

16

 

 

65,935

Leased Facilities (2)

 

 

 —

 

 

57,499

 

 

6,417

 

 

63,916

Fort Worth, Texas

 

 

9,079

 

 

18,423

 

 

34,887

 

 

62,389

Princeton, New Jersey

 

 

20,700

 

 

32,987

 

 

595

 

 

54,282

Phoenix, Arizona (3)

 

 

 —

 

 

 —

 

 

28,269

 

 

28,269

Hillsboro, Oregon (3)

 

 

 —

 

 

 —

 

 

31,593

 

 

31,593

Manassas, Virginia (3)

 

 

 —

 

 

 —

 

 

24,717

 

 

24,717

Other (4)

 

 

2,212

 

 

35,666

 

 

35

 

 

37,913

 

 

$

88,215

 

$

1,778,322

 

$

636,054

 

$

2,502,591


(1)

Owned facility subject to long-term ground sublease.

(2)

Includes 11 facilities. All facilities are leased, including those subject to capital leases.

(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.

 

As of December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Location

    

Land

    

Buildings,
Improvements
and Equipment

    

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

Ashburn, Virginia (3)

 

 

 —

 

 

 —

 

 

106,952

 

 

106,952

Piscataway, New Jersey

 

 

7,466

 

 

83,251

 

 

37,807

 

 

128,524

Santa Clara, California (1)

 

 

 —

 

 

100,028

 

 

6,989

 

 

107,017

Dulles, Virginia

 

 

3,154

 

 

76,239

 

 

3,565

 

 

82,958

Sacramento, California

 

 

1,481

 

 

64,251

 

 

58

 

 

65,790

Leased Facilities (2)

 

 

 —

 

 

59,460

 

 

5,534

 

 

64,994

Fort Worth, Texas

 

 

9,079

 

 

17,894

 

 

33,774

 

 

60,747

Princeton, New Jersey

 

 

20,700

 

 

32,948

 

 

451

 

 

54,099

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)

Owned facility subject to long-term ground sublease.

(2)

Includes 11 facilities. All facilities are leased, including those subject to capital leases.

(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; Overland Park, KS; and Duluth, GA facilities.