Real Estate Assets and Construction in Progress

3 Months Ended

Mar. 31, 2020

3. Real Estate Assets and Construction in Progress

The following is a summary of our cost of owned or leased properties as of March 31, 2020 and December 31, 2019 (in thousands):

As of March 31, 2020 (unaudited):


			Buildings,
			Improvements		Construction
Property Location	Land		and Equipment		in Progress		Total Cost
Atlanta, Georgia Campus ⁽¹⁾	$	44,588	$	561,369	$	148,660	$	754,617
Irving, Texas		8,605		370,483		107,072		486,160
Ashburn, Virginia ⁽²⁾		16,476		301,886		89,564		407,926
Richmond, Virginia		2,180		196,766		140,855		339,801
Chicago, Illinois		9,400		205,698		98,001		313,099
Suwanee, Georgia (Atlanta-Suwanee)		3,521		174,594		5,302		183,417
Piscataway, New Jersey		7,466		105,784		38,791		152,041
Santa Clara, California ⁽³⁾		—		116,282		185		116,467
Fort Worth, Texas		9,079		98,224		3,415		110,718
Hillsboro, Oregon ⁽²⁾		—		—		96,728		96,728
Leased Facilities ⁽⁴⁾		—		84,198		471		84,669
Sacramento, California		1,481		65,373		263		67,117
Dulles, Virginia		3,154		50,159		5,799		59,112
Manassas, Virginia ⁽²⁾		—		13		58,909		58,922
Princeton, New Jersey		20,700		35,220		9		55,929
Eemshaven, Netherlands		—		—		46,450		46,450
Phoenix, Arizona ⁽²⁾		—		—		33,252		33,252
Groningen, Netherlands		1,713		9,311		3,089		14,113
Other ⁽⁵⁾		2,213		36,066		498		38,777
	$	130,576	$	2,411,426	$	877,313	$	3,419,315

(1)	The “Atlanta, Georgia Campus” includes both the existing data center Atlanta (DC-1) as well as new property development associated with construction of a second megascale data center Atlanta (DC-2) on land adjacent to the existing Atlanta DC-1 facility.

(2)	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.

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

(4)	Includes 7 facilities. All facilities are leased, including those subject to finance leases.

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

As of December 31, 2019:


			Buildings,
			Improvements		Construction
Property Location	Land		and Equipment		in Progress		Total Cost
Atlanta, Georgia Campus ⁽¹⁾	$	44,588	$	525,300	$	128,930	$	698,818
Irving, Texas		8,606		369,727		98,170		476,503
Ashburn, Virginia ⁽²⁾		16,476		156,396		189,375		362,247
Richmond, Virginia		2,180		195,684		139,948		337,812
Chicago, Illinois		9,400		205,026		86,878		301,304
Suwanee, Georgia (Atlanta-Suwanee)		3,521		174,124		5,559		183,204
Piscataway, New Jersey		7,466		103,553		36,056		147,075
Santa Clara, California ⁽³⁾		—		114,499		1,238		115,737
Fort Worth, Texas		9,079		55,018		35,722		99,819
Leased Facilities ⁽⁴⁾		—		82,813		666		83,479
Sacramento, California		1,481		65,258		163		66,902
Hillsboro, Oregon ⁽²⁾		—		—		63,573		63,573
Manassas, Virginia ⁽²⁾		—		—		57,662		57,662
Princeton, New Jersey		20,700		35,192		39		55,931
Dulles, Virginia		3,154		48,651		4,688		56,493
Eemshaven, Netherlands		—		—		37,267		37,267
Phoenix, Arizona ⁽²⁾		—		2,412		31,840		34,252
Groningen, Netherlands		1,741		9,085		3,028		13,854
Other ⁽⁵⁾		2,213		36,163		120		38,496
	$	130,605	$	2,178,901	$	920,922	$	3,230,428

(1)	The “Atlanta, Georgia Campus” includes both the existing data center Atlanta (DC-1) as well as new property development associated with construction of a second megascale data center Atlanta (DC-2) on land adjacent to the existing Atlanta DC-1 facility.

(2)	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.

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

(4)	Includes 7 facilities. All facilities are leased, including those subject to finance leases.

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