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Investments in Real Estate and Real Estate Under Construction (Tables)
 6 Months Ended
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