Real Estate Facilities (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Real Estate Facilities [Abstract] | |
| Activity In Real Estate Facilities | Buildings and Accumulated Land Improvements Depreciation Total Balances at December 31, 2020 (1)$ 843,765 $ 2,080,895 $ (1,101,739) $ 1,822,921 Acquisition of real estate facility 20,308 100,893 — 121,201 Capital expenditures — 26,121 — 26,121 Disposals (2) — (7,349) 7,349 —Depreciation and amortization expense — — (67,182) (67,182)Transfer from property held for development 989 8,063 — 9,052 Transfer to properties held for sale — (1,528) 3,625 2,097 Balances at September 30, 2021$ 865,062 $ 2,207,095 $ (1,157,947) $ 1,914,210 ____________________________(1)Land, building and improvements, and accumulated depreciation totaling $30.9 million, $166.5 million, and $127.4 million, respectively, were reclassified as of December 31, 2020 to “properties held for sale, net” representing a 772,000 square foot industrial-flex business park located in Irving, Texas, a 371,000 square foot industrial-flex business park located in San Diego, California, a 244,000 square foot office business park located in Herndon, Virginia, a 198,000 square foot office-oriented flex business park located in Chantilly, Virginia, a 53,000 square foot industrial building located in Beltsville, Maryland, and a 22,000 square foot single-tenant industrial-flex building located in Irving, Texas.(2)Disposals primarily represent the book value of tenant improvements that have been removed upon the customer vacating their space. |
| Summary Of Real Estate Assets Acquired And Liabilities Assumed | 2021 2020Land$ 20,308 $ 11,123 Buildings and improvements 100,893 2,153 Other assets (above-market in-place rents) — —Accrued and other liabilities (below-market in-place rents) (1,156) —Other assets (in-place lease value) 3,223 237 Total purchase price 123,268 13,513 Net operating assets acquired and liabilities assumed (1,097) (90)Total cash paid$ 122,171 $ 13,423 |