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Investments in Real Estate
 6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
Investments in Real Estate Investments in Real Estate
The Company completed the following acquisition transactions during the six months ended June 30, 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  
Industrial Savannah, GA April 202034,753  7/20271,689  30,346  2,718  
Industrial Dallas, TXMay 202010,731  6/20301,308  8,466  957  
Industrial Savannah, GA June 202030,448  6/20252,560  25,697  2,191  
Industrial Savannah, GA June 20209,130  8/20251,070  7,448  612  
Industrial Houston, TX June 202020,949  4/20252,202  17,101  1,646  
Industrial Ocala, FLJune 202058,283  8/20304,113  49,904  4,266  
$359,748  $24,525  $306,937  $28,286  

The Company is engaged in two consolidated development projects. As of June 30, 2020, the Company's aggregate investment in the development arrangements was $26,426, which included capitalized interest of $325 for the six-month period ended June 30, 2020 and is presented as investments in real estate under construction in the accompanying unaudited condensed consolidated balance sheets.
As of June 30, 2020, the details of the development arrangements outstanding are as follows (in $000's, except square feet):
Project (% owned)MarketProperty TypeEstimated Sq. Ft. Estimated Project Cost GAAP Investment Balance as of
6/30/2020		Amount Funded as of
6/30/2020		Estimated Completion Date
Fairburn (90%)
Atlanta, GAIndustrial910,000  $53,812  $20,535  $15,806  1Q 2021
Rickenbacker (100%)
Columbus, OHIndustrial320,000  20,300  5,891  4,390  1Q 2021
$74,112  $26,426  $20,196