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Investments in Real Estate and Real Estate Under Construction (Tables) | 6 Months Ended
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Jun. 30, 2017
Real Estate [Line Items] |
Schedule of acquired properties | The Company completed the following acquisition and build-to-suit transactions during the six months ended June 30, 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 |  |  | — |
Office | Charlotte, NC | April 2017 | 61,339 |  | 04/2032 | 3,771 |  |  | 47,064 |  |  | 10,504 |  |  | — |
Industrial | Cleveland, TN | May 2017 | 34,400 |  | 03/2024 | 1,871 |  |  | 29,743 |  |  | 2,786 |  |  | — |
Industrial | Grand Prairie, TX | June 2017 | 24,317 |  | 03/2037 | 3,166 |  |  | 17,985 |  |  | 3,166 |  |  | — |
Industrial | San Antonio, TX | June 2017 | 45,507 |  | 04/2027 | 1,311 |  |  | 36,644 |  |  | 7,552 |  |  | — |
|  |  | $ | 284,214 |  |  | $ | 15,297 |  |  | $ | 241,400 |  |  | $ | 30,307 |  |  | $ | (2,790 | )
(1) | Completed the construction of the final building of a four-building project. Initial basis excludes estimated developer partner payout of approximately $8,000.
Schedule of acquisition development and construction arrangements outstanding | As of June 30, 2017, the Company had the following development arrangement 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 6/30/2017
Opelika, AL | Industrial | 165 |  |  | $ | 37,370 |  |  | 25 |  | 3Q 17 |  | $ | 29,442 |
Summary of development arrangements outstanding | In addition, as of June 30, 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)
Warren, MI (1) |  | 260 |  |  | Industrial |  | $ | 47,000 |  |  | 3Q 17 |  | 15
Romulus, MI |  | 500 |  |  | Industrial |  | 39,330 |  |  | 3Q 17 |  | 15
|  | 760 |  |  |  |  | $ | 86,330 |  |  |  |  |
(1) A $4,600 letter of credit secures the Company's obligation to purchase the property.
LCIF [Member] |
Real Estate [Line Items] |
Schedule of acquisition development and construction arrangements outstanding | The Partnership completed the following acquisitions and build-to-suit arrangements during the six months ended June 30, 2017:
Property Type | Location | Acquisition Date | Initial Cost Basis | Lease Expiration | Land and Land Estate |  | Building and Improvements |  | Lease in-place Value Intangible
Office | Charlotte, NC | April 2017 | $ | 61,339 |  | 04/2032 | $ | 3,771 |  |  | $ | 47,064 |  |  | $ | 10,504 |
Industrial | Grand Prairie, TX | June 2017 | 24,317 |  | 03/2037 | 3,166 |  |  | 17,985 |  |  | 3,166 |
|  |  | $ | 85,656 |  |  | $ | 6,937 |  |  | $ | 65,049 |  |  | $ | 13,670 |

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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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