XML 62 R51.htm IDEA: XBRL DOCUMENT v3.21.1
Investments in Real Estate - Schedule of Acquisitions (Details)
$ in Thousands, £ in Millions
 3 Months Ended
Mar. 31, 2021
USD ($)
ft²
property
state
Mar. 31, 2021
GBP (£)
ft²
property
state
Mar. 31, 2020
USD ($)
ft²
property
state
Mar. 31, 2020
GBP (£)
ft²
property
state
Real Estate [Line Items]        
Number of properties | property 110 110 65 65
Leasable square feet (sq ft) | ft² 4,828,738 4,828,738 1,990,915 1,990,915
Investment | $ $ 1,027,802   $ 486,015  
Weighted average lease term (years) 12 years 7 months 6 days 12 years 7 months 6 days 14 years 1 month 6 days 14 years 1 month 6 days
Initial average cash lease yield (percent) 5.30% 5.30% 6.00% 6.00%
New properties        
Real Estate [Line Items]        
Number of properties, new | property 89 89 58 58
Leasable square feet (sq ft) | ft² 3,231,573 3,231,573 1,813,370 1,813,370
Investment | $ $ 969,871   $ 483,873  
Weighted average lease term (years) 12 years 4 months 24 days 12 years 4 months 24 days 14 years 2 months 12 days 14 years 2 months 12 days
Initial average cash lease yield (percent) 5.30% 5.30% 6.00% 6.00%
New properties | U.S.        
Real Estate [Line Items]        
Number of properties, new | property 77 77 54 54
Number of states | state 25 25 22 22
Leasable square feet (sq ft) | ft² 2,298,606 2,298,606 1,423,690 1,423,690
Investment | $ $ 566,909   $ 318,300  
Weighted average lease term (years) 13 years 6 months 13 years 6 months 14 years 9 months 18 days 14 years 9 months 18 days
Initial average cash lease yield (percent) 5.60% 5.60% 6.50% 6.50%
New properties | U.K.        
Real Estate [Line Items]        
Number of properties, new | property 12 12 4 4
Leasable square feet (sq ft) | ft² 932,967 932,967 389,680 389,680
Investment $ 402,962 £ 290.2 $ 165,573 £ 133.3
Weighted average lease term (years) 10 years 7 months 6 days 10 years 7 months 6 days 12 years 6 months 12 years 6 months
Initial average cash lease yield (percent) 4.90% 4.90% 5.10% 5.10%
Properties under development | U.S.        
Real Estate [Line Items]        
Number of properties, under development | property 21 21 7 7
Leasable square feet (sq ft) | ft² 1,597,165 1,597,165 177,545 177,545
Investment | $ $ 57,931   $ 2,142  
Weighted average lease term (years) 15 years 6 months 15 years 6 months 10 years 7 months 6 days 10 years 7 months 6 days
Initial average cash lease yield (percent) 5.60% 5.60% 7.50% 7.50%