XML 42 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Investments in Real Estate and Real Estate Under Construction (Tables)
6 Months Ended
Jun. 30, 2016
Real Estate [Line Items]  
Schedule of acquired properties
The Company completed the following acquisition and build-to-suit arrangement during the six months ended June 30, 2016:
Property Type
Location
Acquisition Date
Initial
Cost
Basis
Lease Expiration
Land and Land Estate
 
Building and Improvements
 
Lease in-place Value Intangible
Industrial
Detroit, MI
January 2016
$
29,697

10/2035
$
1,133

 
$
25,009

 
$
3,555

Industrial
Anderson, SC
June 2016
61,347

06/2036
4,663

 
45,011

 
11,673

 
 
 
$
91,044

 
$
5,796

 
$
70,020

 
$
15,228



Schedule of acquisition development and construction arrangements outstanding
As of June 30, 2016, the Company had the following development arrangements outstanding:
Location
Property Type
Square Feet
 
Expected Maximum Commitment/Contribution
 
Lease Term (Years)
 
Estimated Completion/Acquisition Date
Lake Jackson, TX(1)
Office
664,000

 
$
166,164

 
20
 
4Q 16
Charlotte, NC
Office
201,000

 
62,445

 
15
 
1Q 17
Opelika, AL
Industrial
165,000

 
37,000

 
25
 
2Q 17
 
 
1,030,000

 
$
265,609

 
 
 
 
(1)Joint venture arrangement with developer. The Company currently has a 100% interest in the joint venture.
LCIF [Member]  
Real Estate [Line Items]  
Schedule of acquisition development and construction arrangements outstanding
As of June 30, 2016, the Partnership had the following development arrangement outstanding:
Location
 
Property Type
 
Square Feet
 
Expected Maximum Commitment
 
Lease Term (Years)
 
Estimated Completion Date
 
GAAP Investment Balance as of 6/30/16
Charlotte, NC
 
Office
 
201,000

 
$
62,445

 
15
 
1Q 17
 
$
24,166