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Investments in Real Estate (Tables)
3 Months Ended
Mar. 31, 2020
Real Estate [Abstract]  
Schedule of Acquired Properties
The Company completed the following acquisition transactions during the three months ended March 31, 2020:
Property
Type
MarketAcquisition
Date
Initial
Cost
Basis
Primary
Lease
Expiration
LandBuilding and ImprovementsLease in-place Value Intangible
IndustrialChicago, ILJanuary 2020$53,642  11/2029$3,681  $45,817  $4,144  
IndustrialPhoenix, AZJanuary 202019,164  12/20251,614  16,222  1,328  
IndustrialChicago, ILJanuary 202039,153  12/20291,788  34,301  3,064  
IndustrialDallas, TXFebruary 202083,495  8/20294,500  71,635  7,360  
$195,454  $11,583  $167,975  $15,896  
Schedule of Real Estate Properties Development
As of March 31, 2020, the details of the development arrangements outstanding (in $000's, except square feet):
Project (% owned)MarketProperty TypeEstimated Sq. Ft. Estimated Project Cost GAAP Investment Balance as of
3/31/2020
Amount Funded as of
3/31/2020
Estimated Completion Date
Fairburn (90%)
Atlanta, GAIndustrial910,000  $53,812  $14,641  $11,474  4Q 2020
Richenbacker (100%)
Columbus, OHIndustrial320,000  20,300  3,657  3,421  1Q 2021
$74,112  $18,298  $14,895