XML 54 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments in Real Estate - Acquisitions (Details)
ft² in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
ft²
Sep. 30, 2016
USD ($)
ft²
Sep. 30, 2017
USD ($)
ft²
property
item
state
Sep. 30, 2016
USD ($)
ft²
property
item
state
Investments in real estate properties        
Leasable square feet | ft² 86.4   86.4  
Total Revenue $ 306,920,000 $ 277,174,000 $ 905,115,000 $ 815,329,000
Net income $ 88,073,000 $ 77,202,000 $ 258,366,000 223,753,000
Real Estate Investment        
Investments in real estate properties        
Number of investments in properties that caused any tenant to be 10% of more of total assets | item     0  
Total Revenue     $ 19,700,000 22,500,000
Net income     9,400,000 11,200,000
Real Estate Investment | General and administrative expense        
Investments in real estate properties        
Acquisition transaction costs     229,000 119,000
Real Estate Investment | New and under development or expansion        
Investments in real estate properties        
Value of properties acquired during the period     $ 956,900,000 $ 1,100,000,000
Number of properties acquired during the period | property     177 236
Initial weighted average contractual lease rate of properties acquired (as a percent)     6.50% 6.40%
Number of states in which properties are located | state     35 36
Leasable square feet | ft² 4.3 5.2 4.3 5.2
Leased area (as a percent) 100.00% 100.00% 100.00% 100.00%
Weighted average lease term     14 years 10 months 24 days 15 years
Allocated to Land     $ 233,700,000 $ 267,800,000
Allocated to Buildings and Improvements     585,000,000 691,900,000
Allocated to Intangible Assets related to Leases     152,700,000 140,400,000
Allocated to Intangible Liabilities related to Leases and Other Assumed Liabilities     14,500,000 26,300,000
Premiums recorded upon acquisition of mortgages       692,000
Contingent consideration associated with acquisition $ 0 $ 0 $ 0 $ 0
Real Estate Investment | New properties        
Investments in real estate properties        
Number of industries in which tenants operate | item     21 24
Real Estate Investment | New properties | Retail        
Investments in real estate properties        
Property type- percentage of properties acquired     96.60% 80.70%
Real Estate Investment | New properties | Industrial        
Investments in real estate properties        
Property type- percentage of properties acquired     3.40% 19.30%
Real Estate Investment | Properties under development or expansion        
Investments in real estate properties        
Number of properties acquired during the period | item     13 30
Initial weighted average contractual lease rate of properties acquired (as a percent)     7.30% 7.10%
Investments in properties     $ 16,400,000 $ 87,700,000
Real Estate Investment | Maximum        
Investments in real estate properties        
Investments to any one tenant as a percentage of total assets     10.00%