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Investments in Real Estate
 9 Months Ended
Sep. 30, 2020
Real Estate [Abstract]  
Investments in Real Estate Investments in Real Estate
The Company completed the following acquisition transactions during the nine months ended September 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 
IndustrialDC/Baltimore, MDSeptember 202029,143 11/20242,818 24,423 1,902 
IndustrialSavannah, GASeptember 202040,908 07/20263,775 34,322 2,811 
$429,799 $31,118 $365,682 $32,999 

The Company is engaged in two consolidated development projects. As of September 30, 2020, the Company's aggregate investment in the development arrangements was $41,948, which included capitalized interest of $578 for the nine-month period ended September 30, 2020 and is presented as investments in real estate under construction in the accompanying unaudited condensed consolidated balance sheets.
As of September 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
9/30/2020		Amount Funded as of
9/30/2020		Estimated Completion Date
Fairburn (90%)
Atlanta, GAIndustrial910,000 $53,812 $30,638 $22,543 1Q 2021
Rickenbacker (100%)
Columbus, OHIndustrial320,000 20,300 11,310 8,233 4Q 2020
$74,112 $41,948 $30,776