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Investments in Real Estate and Real Estate Under Construction (Tables)
9 Months Ended
Sep. 30, 2016
Real Estate [Line Items]  
Schedule of acquired properties
The Company completed the following consolidated acquisition and build-to-suit arrangements during the nine months ended September 30, 2016:
Property Type
Location
Acquisition Date
Initial
Cost
Basis
Lease Expiration
Land and Land Estate
 
Building and Improvements
 
Lease in-place Value Intangible
 
Below Market Lease 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

 

Industrial
Wilsonville, OR
September 2016
43,100

10/2032
6,815

 
32,380

 
5,920

 
(2,015
)
 
 
 
$
134,144

 
$
12,611

 
$
102,400

 
$
21,148

 
$
(2,015
)


Schedule of acquisition development and construction arrangements outstanding
As of September 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
 
GAAP Investment Balance as of 9/30/2016
Lake Jackson, TX(1)
Office
664,000

 
$
166,164

 
20
 
4Q 16/1Q 17
 
$
101,203

Charlotte, NC
Office
201,000

 
62,445

 
15
 
1Q 17
 
32,613

Opelika, AL
Industrial
165,000

 
37,000

 
25
 
2Q 17
 
3,760

 
 
1,030,000

 
$
265,609

 
 
 
 
 
$
137,576

(1)Joint venture arrangement with developer. The Company currently has a 100% economic interest in the joint venture.
LCIF [Member]  
Real Estate [Line Items]  
Schedule of acquisition development and construction arrangements outstanding
As of September 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 9/30/16(1)
Charlotte, NC
 
Office
 
201,000

 
$
62,445

 
15
 
1Q 17
 
$
32,613

(1)    Includes $654 of capitalized interest.