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