Annual report pursuant to Section 13 and 15(d)

Real Estate Facilities (Tables)

v3.20.4
Real Estate Facilities (Tables)
12 Months Ended
Dec. 31, 2020
Real Estate Properties [Line Items]  
Activity In Real Estate Facilities

Buildings and

Accumulated

Land

Improvements

Depreciation

Total

Balances at December 31, 2017

$

708,706 

$

1,921,379 

$

(1,012,798)

$

1,617,287 

Acquisition of real estate facilities

25,806 

112,230 

138,036 

Consolidation of joint venture

21,814 

84,903 

106,717 

Capital expenditures

38,904 

38,904 

Disposals (1)

(17,345)

17,345 

Depreciation and amortization expense

(96,732)

(96,732)

Transfer to properties held for sale

(4,208)

6,252 

2,044 

Balances at December 31, 2018

756,326 

2,135,863 

(1,085,933)

1,806,256 

Acquisition of real estate facilities

88,093 

44,313 

132,406 

Capital expenditures

40,092 

40,092 

Disposals (1)

(15,796)

15,796 

Depreciation and amortization expense

(93,416)

(93,416)

Transfer to properties held for sale

(1,164)

5,064 

3,900 

Balances at December 31, 2019 (2)

844,419 

2,203,308 

(1,158,489)

1,889,238 

Acquisition of real estate facilities

30,261 

27,168 

57,429 

Capital expenditures

36,328 

36,328 

Disposals (1)

(19,399)

19,399 

Depreciation and amortization expense

(90,058)

(90,058)

Transfer to properties held for sale

(16)

46 

30 

Balances at December 31, 2020

$

874,680 

$

2,247,389 

$

(1,229,102)

$

1,892,967 

____________________________

(1)Disposals primarily represent the book value of tenant improvements that have been removed upon the customer vacating their space.

(2)Land, building and improvements, and accumulated depreciation, respectively, totaling $2.2 million, $2.8 million, and $1.2 million were reclassified as of December 31, 2019 to “properties held for sale, net” representing two industrial buildings totaling 40,000 square feet located in Redmond, Washington, which were subject to an eminent domain process and sold in 2020.

Summary Of Real Estate Assets Acquired And Liabilities Assumed

2020

2019

2018

Land

$

30,261 

$

88,093 

$

25,806 

Buildings and improvements

27,168 

44,313 

112,230 

Other assets (above-market in-place rents)

523

1,487 

Accrued and other liabilities (below-market in-place rents)

(557)

(1,241)

(1,790)

Other assets (in-place lease intangible)

2,700 

3,777 

6,033 

Total purchase price

60,095 

134,942 

143,766 

Net operating assets acquired and liabilities assumed

(76)

(664)

(1,367)

Total cash paid

$

60,019 

$

134,278 

$

142,399 

JV Partner [Member]  
Real Estate Properties [Line Items]  
Summary Of Real Estate Assets Acquired And Liabilities Assumed

Land

$

21,814 

Buildings and improvements

84,903 

Other assets (in-place lease intangible)

1,199 

Total consolidated joint venture

107,916 

Noncontrolling interest in consolidated joint venture

(4,032)

Net book value of joint venture at consolidation

$

103,884