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Commitments and Contingencies | 9 Months Ended
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Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies In the normal course of business, we are involved in legal actions arising from the ownership of our industrial properties. In our opinion, the liabilities, if any, that may ultimately result from such legal actions are not expected to have a materially adverse effect on our consolidated financial position, operations or liquidity. In conjunction with the development of industrial properties, we have entered into agreements with general contractors for the construction of industrial properties. At September 30, 2023, we had seven development projects totaling approximately 2.2 million square feet of GLA under construction. The estimated total investment as of September 30, 2023 is approximately $345,000. Of this amount, approximately $152,600 remains to be funded. There can be no assurance that the actual completion cost will not exceed the estimated total investment.

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