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Investments in Real Estate and Real Estate Under Construction (Tables) | 3 Months Ended
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Mar. 31, 2017
Real Estate [Line Items] |
Schedule of acquired properties | The Company completed the following acquisition and build-to-suit arrangements during the three months ended March 31, 2017:
Property Type | Location | Acquisition Date | Initial Cost Basis | Lease Expiration | Land and Land Estate |  | Building and Improvements |  | Lease in-place Value Intangible |  | Below Market Lease Intangible
Office | Lake Jackson, TX (1) | January 2017 | $ | 70,401 |  | 10/2036 | $ | 3,078 |  |  | $ | 67,323 |  |  | $ | — |  |  | $ | — |
Industrial | New Century, KS | February 2017 | 12,056 |  | 01/2027 | — |  |  | 13,198 |  |  | 1,648 |  |  | (2,790 | )
Industrial | Lebanon, IN | February 2017 | 36,194 |  | 01/2024 | 2,100 |  |  | 29,443 |  |  | 4,651 |  |  | — |
|  |  | $ | 118,651 |  |  | $ | 5,178 |  |  | $ | 109,964 |  |  | $ | 6,299 |  |  | $ | (2,790 | )
(1) Completed the construction of the final building of a four-building project. Initial basis excludes estimated developer partner payout of approximately
Schedule of acquisition development and construction arrangements outstanding | As of March 31, 2017, the Company had the following development arrangements outstanding:
Location | Property Type | Square Feet (000's) |  | Maximum Commitment/Estimated Completion Cost |  | Lease Term (Years) |  | Estimated Completion/Acquisition Date |  | GAAP Investment Balance as of 3/31/2017
Charlotte, NC | Office | 201 |  |  | $ | 62,445 |  |  | 15 |  | 2Q 17 |  | $ | 49,210 |
Opelika, AL | Industrial | 165 |  |  | 37,000 |  |  | 25 |  | 2Q 17 |  | 19,918 |
|  | 366 |  |  | $ | 99,445 |  |  |  |  |  |  | $ | 69,128 |
Summary of development arrangements outstanding | In addition, as of March 31, 2017, the Company had the following forward purchase commitments:
Location |  | Square Feet (000's) |  | Property Type |  | Maximum Acquisition Cost |  | Estimated Acquisition Date |  | Approximate Lease Term (Yrs)
Grand Prairie, TX |  | 215 |  |  | Industrial |  | $ | 24,725 |  |  | 2Q 17 |  | 20
Warren, MI (1) |  | 260 |  |  | Industrial |  | 47,000 |  |  | 3Q 17 |  | 15
|  | 475 |  |  |  |  | $ | 71,725 |  |  |  |  |
(1) The Company issued a $4,600 letter of credit to secure its obligation to purchase the property.
LCIF [Member] |
Real Estate [Line Items] |
Schedule of acquisition development and construction arrangements outstanding | As of March 31, 2017, the Partnership had the following development arrangement outstanding:
Location |  | Property Type |  | Square Feet (000's) |  | Expected Maximum Commitment |  | Lease Term (Years) |  | Estimated Completion Date |  | GAAP Investment Balance as of 3/31/17(1)
Charlotte, NC |  | Office |  | 201 |  |  | $ | 62,445 |  |  | 15 |  | 2Q 17 |  | $ | 49,210 |
(1) Includes $1,455 of capitalized interest.

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- Definition Tabular disclosure of arrangements in which the entity has agreed to procure goods or services from one or more suppliers. May include identification of the goods or services to be purchased, identity of the seller, pricing, effects on pricing for failing to reach minimum quantities required to be purchased (such as penalties), cancellation rights, and termination provisions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(17)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(19)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(25)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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