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Investments in Real Estate and Real Estate Under Construction (Tables)
6 Months Ended
Jun. 30, 2014
Real Estate [Abstract]  
Schedule of acquired properties
The Company, through property owner subsidiaries, completed the following acquisition and build-to-suit transactions during the six months ended June 30, 2014:
Property Type
Location
Acquisition/Completion Date
Initial Cost Basis
Lease Expiration
Land and Land Estate
 
Building and Improvements
 
Lease in-place Value Intangible
Industrial
Rantoul, IL
January 2014
$
41,277

10/2033
$
1,304

 
$
32,562

 
$
7,411

Office
Parachute, CO
January 2014
$
13,928

10/2032
$
1,400

 
$
10,751

 
$
1,777

Office
Rock Hill, SC
March 2014
$
24,715

03/2034
$
1,601

 
$
18,989

 
$
4,125

Industrial
Lewisburg, TN
May 2014
$
13,320

03/2026
$
173

 
$
10,865

 
$
2,282

Industrial
North Las Vegas, NV
May 2014
$
28,249

09/2034
$
3,244

 
$
21,444

 
$
3,561

Industrial
Bingen, WA
May 2014
$
20,391

05/2024
$

 
$
18,075

 
$
2,316

 
 
 
$
141,880

 
$
7,722

 
$
112,686

 
$
21,472



Schedule of acquisition development and construction arrangements outstanding
As of June 30, 2014, the Company had the following development arrangements outstanding:
Location
Property Type
Square Feet
 
Expected Maximum Commitment/Contribution
 
Lease Term (Years)
 
Estimated Completion Date
Oak Creek, WI
Industrial
164,000

 
$
22,609

 
20
 
2Q 15
Richmond, VA
Office
279,000

 
$
98,644

 
15
 
3Q 15
Lake Jackson, TX
Office/R&D
664,000

 
$
166,164

 
20
 
4Q 16
 
 
1,107,000

 
$
287,417

 
 
 
 

Schedule of properties to be acquired
In addition, the Company has a commitment to acquire the following property:
Location
Property Type
Estimated Acquisition Cost ($000)
 
Estimated Acquisition Date
 
Lease Term (Years)
Auburn Hills, MI
Office
$
40,025

 
1Q 15
 
14
 
 
$
40,025