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Investments in Real Estate (Tables)
6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
Schedule of Acquired Properties
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  
Schedule of Real Estate Properties Development
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