Annual report pursuant to Section 13 and 15(d)

Real Estate Facilities (Tables)

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Real Estate Facilities (Tables)
12 Months Ended
Dec. 31, 2021
Real Estate Facilities [Abstract]  
Activity In Real Estate Facilities Buildings and Accumulated Land Improvements Depreciation Total Balances at December 31, 2018$ 725,411  $ 1,973,658  $ (968,680) $ 1,730,389 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 — (3,796) 10,691  6,895 Balances at December 31, 2019 813,504  2,038,471  (1,035,609) 1,816,366 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 — (1,673) 4,529  2,856 Balances at December 31, 2020 (2) 843,765  2,080,895  (1,101,739) 1,822,921 Acquisition of real estate facilities 22,591  123,711  — 146,302 Capital expenditures — 37,976  — 37,976 Disposals (1) — (9,892) 9,892  —Depreciation and amortization expense — — (90,175) (90,175)Transfer from property held for development 989  8,063  — 9,052 Transfer to properties held for sale — (1,616) 3,625  2,009 Balances at December 31, 2021$ 867,345  $ 2,239,137  $ (1,178,397) $ 1,928,085 ____________________________(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 $30.9 million, $166.5 million, and $127.4 million were reclassified as of December 31, 2020 to “properties held for sale, net” representing a 772,000 square foot industrial-flex business park located in Irving, Texas, a 371,000 square foot industrial-flex business park located in San Diego, California, a 244,000 square foot office business park located in Herndon, Virginia, a 198,000 square foot office-oriented flex business park located in Chantilly, Virginia, a 53,000 square foot industrial building located in Beltsville, Maryland, and a 22,000 square foot single-tenant industrial-flex building located in Irving, Texas.
Summary Of Real Estate Assets Acquired And Liabilities Assumed 2021 2020 2019Land$ 22,591  $ 30,261  $ 88,093 Buildings and improvements 123,711  27,168  44,313 Other assets (above-market in-place rents) — 523  —Accrued and other liabilities (below-market in-place rents) (1,457) (557) (1,241)Other assets (in-place lease intangible) 4,023  2,700  3,777 Total purchase price 148,868  60,095  134,942 Net operating assets acquired and liabilities assumed (1,166) (76) (664)Total cash paid$ 147,702  $ 60,019  $ 134,278