Real Estate Assets and Construction in Progress

6 Months Ended

Jun. 30, 2019

5. Real Estate Assets and Construction in Progress

The following is a summary of our owned and leased properties as of June 30, 2019 and December 31, 2018 (in thousands):

As of June 30, 2019 (unaudited):


			Buildings,
			Improvements		Construction
Property Location	Land		and Equipment		in Progress		Total Cost
Atlanta, Georgia (Atlanta-Metro)	$	20,416	$	498,603	$	129,605	$	648,624
Irving, Texas		8,606		347,082		108,093		463,781
Richmond, Virginia		2,180		254,396		69,531		326,107
Chicago, Illinois		9,400		153,540		129,380		292,320
Suwanee, Georgia (Atlanta-Suwanee)		3,521		170,328		1,834		175,683
Ashburn, Virginia ⁽¹⁾		17,326		99,987		168,573		285,886
Piscataway, New Jersey		7,466		98,665		36,146		142,277
Santa Clara, California ⁽²⁾		—		105,722		3,693		109,415
Dulles, Virginia		3,154		73,220		4,160		80,534
Sacramento, California		1,481		64,928		90		66,499
Leased Facilities ⁽³⁾		—		97,434		1,522		98,956
Fort Worth, Texas		9,079		44,458		30,036		83,573
Princeton, New Jersey		20,700		34,292		423		55,415
Groningen, Netherlands		1,766		8,745		2,634		13,145
Eemshaven, Netherlands		—		—		29,292		29,292
Phoenix, Arizona ⁽¹⁾		—		73		30,279		30,352
Hillsboro, Oregon ⁽¹⁾		—		55		52,642		52,697
Manassas, Virginia ⁽¹⁾		—		0		58,026		58,026
Other ⁽⁴⁾		2,212		35,846		46		38,104
	$	107,307	$	2,087,374	$	856,005	$	3,050,686

(1)	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.

(2)	Owned facility subject to long-term ground sublease.

(3)	Includes 9 facilities. All facilities are leased, including those subject to finance leases.

(4)	Consists of Miami, FL; Lenexa, KS and Overland Park, KS facilities.

As of December 31, 2018:


			Buildings,
			Improvements		Construction
Property Location	Land		and Equipment		in Progress		Total Cost
Atlanta, Georgia (Atlanta-Metro)	$	20,416	$	493,446	$	88,253	$	602,115
Irving, Texas		8,606		345,615		99,445		453,666
Richmond, Virginia		2,180		253,098		67,932		323,210
Chicago, Illinois		9,400		130,150		133,095		272,645
Ashburn, Virginia ⁽¹⁾		17,325		63,245		184,951		265,521
Suwanee, Georgia (Atlanta-Suwanee)		3,521		166,298		3,188		173,007
Piscataway, New Jersey		7,466		97,806		33,472		138,744
Manassas, Virginia ^{(1) (2)}		—		—		45,194		45,194
Santa Clara, California ⁽³⁾		—		98,548		7,600		106,148
Dulles, Virginia		3,154		72,435		3,852		79,441
Fort Worth, Texas		9,079		18,623		43,715		71,417
Sacramento, California		1,481		64,874		92		66,447
Princeton, New Jersey		20,700		34,046		431		55,177
Leased Facilities ⁽⁴⁾		—		43,347		9,334		52,681
Hillsboro, Oregon ⁽¹⁾		—		—		39,835		39,835
Phoenix, Arizona ⁽¹⁾		—		—		29,562		29,562
Other ⁽⁵⁾		2,213		35,720		113		38,046
	$	105,541	$	1,917,251	$	790,064	$	2,812,856

(1)	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.

(2)	Excludes $71.0 million of construction in progress included within the “Assets held for sale” line item of the consolidated balance sheets.

(3)	Owned facility subject to long-term ground sublease.

(4)	Includes 10 facilities. All facilities are leased, including those subject to finance leases.

(5)	Consists of Miami, FL; Lenexa, KS and Overland Park, KS facilities.