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Investments in Real Estate | 3 Months Ended
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Mar. 31, 2018
Real Estate [Abstract] |
Investments In Real Estate | Investments in Real Estate Acquisitions We had no acquisitions during the three months ended March 31, 2018. Held for Sale As of March 31, 2018, we have identified four properties that met the criteria to be classified as held for sale. As of March 31, 2018, the four properties had an aggregate carrying value of $41.7 million within total assets and $1.8 million within total liabilities and are shown as assets held for sale and obligations associated with assets held for sale on the condensed consolidated balance sheet, respectively. As of December 31, 2017, we had identified eight properties that met the criteria to be classified as held for sale. As of December 31, 2017, the eight properties had an aggregate carrying value of $139.5 million within total assets and $5.0 million within total liabilities and are shown as assets held for sale and obligations associated with assets held for sale on the consolidated balance sheet, respectively. The properties are not representative of a significant component of our portfolio, nor do the potential sales represent a significant shift in our strategy. Dispositions We sold the following real estate properties during the three months ended March 31, 2018:
Location |  | Metro Area |  | Date Sold |  | Gross Proceeds (in millions) |  | Gain (loss) on sale (in millions)
200 Quannapowitt Parkway |  | Boston |  | January 25, 2018 |  | $ | 15.0 |  |  | $ | (0.4 | )
34551 Ardenwood Boulevard |  | Silicon Valley |  | February 9, 2018 |  | 73.3 |  |  | 25.3 |
3065 Gold Camp Drive |  | Sacramento |  | March 14, 2018 |  | 14.2 |  |  | 5.4 |
11085 Sun Center Drive |  | Sacramento |  | March 14, 2018 |  | 36.8 |  |  | 9.1 |
|  |  |  |  |  | $ | 139.3 |  |  | $ | 39.4 |
On April 19, 2018, the Company closed on the sale of a three-property portfolio in Austin, Texas for approximately $48.0 million. The Company expects to recognize a gain on the sale of approximately $12 million in the second quarter of 2018. The properties were classified as held for sale as of March 31, 2018.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 + Details
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