Investments in Real Estate and Real Estate Under Construction (Tables)

3 Months Ended

Mar. 31, 2017

Real Estate [Line Items]

Schedule of acquired properties

The Company completed the following acquisition and build-to-suit arrangements during the three months ended March 31, 2017:

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
Office	Lake Jackson, TX (1)	January 2017	$	70,401	10/2036	$	3,078	$	67,323	$	—	$	—
Industrial	New Century, KS	February 2017	12,056		01/2027	—		13,198		1,648		(2,790		)
Industrial	Lebanon, IN	February 2017	36,194		01/2024	2,100		29,443		4,651		—
			$	118,651		$	5,178	$	109,964	$	6,299	$	(2,790	)

(1) Completed the construction of the final building of a four-building project. Initial basis excludes estimated developer partner payout of approximately

Schedule of acquisition development and construction arrangements outstanding

As of March 31, 2017, the Company had the following development arrangements outstanding:

Location	Property Type	Square Feet (000's)	Maximum Commitment/Estimated Completion Cost		Lease Term (Years)	Estimated Completion/Acquisition Date	GAAP Investment Balance as of 3/31/2017
Charlotte, NC	Office	201	$	62,445	15	2Q 17	$	49,210
Opelika, AL	Industrial	165	37,000		25	2Q 17	19,918
		366	$	99,445			$	69,128

Summary of development arrangements outstanding

In addition, as of March 31, 2017, the Company had the following forward purchase commitments:

Location	Square Feet (000's)	Property Type	Maximum Acquisition Cost		Estimated Acquisition Date	Approximate Lease Term (Yrs)
Grand Prairie, TX	215	Industrial	$	24,725	2Q 17	20
Warren, MI (1)	260	Industrial	47,000		3Q 17	15
	475		$	71,725

(1) The Company issued a $4,600 letter of credit to secure its obligation to purchase the property.

LCIF [Member]

Real Estate [Line Items]

Schedule of acquisition development and construction arrangements outstanding

As of March 31, 2017, the Partnership had the following development arrangement outstanding:

Location	Property Type	Square Feet (000's)	Expected Maximum Commitment		Lease Term (Years)	Estimated Completion Date	GAAP Investment Balance as of 3/31/17(1)
Charlotte, NC	Office	201	$	62,445	15	2Q 17	$	49,210

(1)    Includes $1,455 of capitalized interest.