Real Estate Assets and Construction in Progress

9 Months Ended

Sep. 30, 2019

5. Real Estate Assets and Construction in Progress

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

As of September 30, 2019 (unaudited):


			Buildings,
			Improvements		Construction
Property Location	Land		and Equipment		in Progress		Total Cost
Atlanta, Georgia (Atlanta-Metro)	$	21,016	$	523,859	$	115,354	$	660,229
Irving, Texas		8,606		347,067		113,696		469,369
Richmond, Virginia		2,180		254,495		72,882		329,557
Ashburn, Virginia ⁽¹⁾		37,079		131,695		144,930		313,704
Chicago, Illinois		9,400		153,582		133,521		296,503
Suwanee, Georgia (Atlanta-Suwanee)		3,521		170,396		2,833		176,750
Piscataway, New Jersey		7,466		98,723		37,592		143,781
Santa Clara, California ⁽²⁾		—		105,759		6,956		112,715
Leased Facilities ⁽³⁾		—		98,176		1,112		99,288
Fort Worth, Texas		9,079		55,019		26,892		90,990
Dulles, Virginia		3,154		73,373		4,222		80,749
Sacramento, California		1,481		64,997		52		66,530
Manassas, Virginia ⁽¹⁾		—		—		58,741		58,741
Hillsboro, Oregon ⁽¹⁾		—		—		55,574		55,574
Princeton, New Jersey		20,700		34,371		451		55,522
Eemshaven, Netherlands		—		—		32,468		32,468
Phoenix, Arizona ⁽¹⁾		—		—		30,704		30,704
Groningen, Netherlands		1,692		8,389		2,882		12,963
Other ⁽⁴⁾		2,213		35,909		2,892		41,014
	$	127,587	$	2,155,810	$	843,754	$	3,127,151

(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
Santa Clara, California ⁽²⁾		—		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 ⁽³⁾		—		43,347		9,334		52,681
Manassas, Virginia ^{(1) (4)}		—		—		45,194		45,194
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)	Owned facility subject to long-term ground sublease.

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

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

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