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Investments in Real Estate and Real Estate Under Construction (Tables) | 12 Months Ended
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Dec. 31, 2017
Investments in Real Estate and Real Estate Under Construction [Line Items] |
Schedule of Net Real Estate | The Company's real estate, net, consists of the following at December 31, 2017 and 2016:
|  | 2017 |  | 2016
Real estate, at cost: |  |  |  |
Buildings and building improvements |  | $ | 3,476,022 |  |  | $ | 3,050,082 |
Land, land estates and land improvements |  | 456,134 |  |  | 472,394 |
Fixtures and equipment |  | 84 |  |  | 5,577 |
Construction in progress |  | 4,219 |  |  | 5,119 |
Real estate intangibles: |  |  |  |
In-place lease values |  | 461,624 |  |  | 436,185 |
Tenant relationships |  | 97,223 |  |  | 113,839 |
Above-market leases |  | 40,244 |  |  | 47,270 |
Investments in real estate under construction |  | — |  |  | 106,652 |
|  | 4,535,550 |  |  | 4,237,118 |
Accumulated depreciation and amortization(1) |  | (1,225,650 | ) |  | (1,208,792 | )
Real estate, net |  | $ | 3,309,900 |  |  | $ | 3,028,326 |
(1) | Includes accumulated amortization of real estate intangible assets of $334,681 and $363,861 in 2017 and 2016, respectively. The estimated amortization of the above real estate intangible assets for the next five years is $31,401 in 2018, $26,578 in 2019, $23,360 in 2020, $22,211 in 2021 and $20,951 in 2022.
Schedule of Acquired Properties | The Company completed the following acquisitions and build-to-suit transactions during 2017 and 2016: 2017:
|  |  |  |  |  |  |  |  | Real Estate Intangibles
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 |  |  | — |
Industrial | Opelika, AL | July 2017 | 37,269 |  | 05/2042 | 134 |  |  | 33,183 |  |  | 3,952 |  |  | — |
Industrial | McDonough, GA | August 2017 | 66,700 |  | 01/2028 | 5,441 |  |  | 52,762 |  |  | 8,497 |  |  | — |
Industrial | Byhalia, MS | September 2017 | 36,590 |  | 09/2027 | 1,751 |  |  | 31,236 |  |  | 3,603 |  |  | — |
Industrial | Jackson, TN | September 2017 | 57,920 |  | 10/2027 | 1,454 |  |  | 49,026 |  |  | 7,440 |  |  | — |
Industrial | Smyrna, TN | September 2017 | 104,890 |  | 04/2027 | 1,793 |  |  | 93,940 |  |  | 9,157 |  |  | — |
Industrial | Lafayette, IN | October 2017 | 17,450 |  | 09/2024 | 662 |  |  | 15,578 |  |  | 1,210 |  |  | — |
Industrial | Romulus, MI | November 2017 | 38,893 |  | 08/2032 | 2,438 |  |  | 33,786 |  |  | 2,669 |  |  | — |
Industrial | Warren, MI | November 2017 | 46,955 |  | 10/2032 | 972 |  |  | 42,521 |  |  | 3,462 |  |  | — |
Industrial | Winchester, VA | December 2017 | 36,700 |  | 12/2031 | 1,988 |  |  | 32,501 |  |  | 2,211 |  |  | — |
|  |  | $ | 727,581 |  |  | $ | 31,930 |  |  | $ | 625,933 |  |  | $ | 72,508 |  |  | $ | (2,790 | )
Weighted-average life of intangible assets (years) |  |  |  |  |  |  | 12.2 |  |  | 14.9 |
(1) | Completed the construction of the final building of a four-building project. Initial cost basis excludes developer partner payout of $7,951 (see Note 2)
2016:
|  |  |  |  |  |  |  |  | Real Estate Intangibles
Property Type | Location | Acquisition Date | Initial Cost Basis | Lease Expiration | Land and Land Estate |  | Building and Improvements |  | Lease in-place Value |  | Below Market Lease
Industrial | Detroit, MI | January 2016 | $ | 29,697 |  | 10/2035 | $ | 1,133 |  |  | $ | 25,009 |  |  | $ | 3,555 |  |  | $ | — |
Industrial | Anderson, SC | June 2016 | 61,347 |  | 06/2036 | 4,663 |  |  | 45,011 |  |  | 11,673 |  |  | — |
Industrial | Wilsonville, OR | September 2016 | 43,100 |  | 10/2032 | 6,815 |  |  | 32,380 |  |  | 5,920 |  |  | (2,015 | )
Office | Lake Jackson, TX | November 2016 | 78,484 |  | 10/2036 | 4,357 |  |  | 74,127 |  |  | — |  |  | — |
Industrial | Romeoville, IL | December 2016 | 52,700 |  | 10/2031 | 7,524 |  |  | 40,167 |  |  | 5,009 |  |  | — |
Industrial | Edwardsville, IL | December 2016 | 44,800 |  | 09/2026 | 4,593 |  |  | 34,251 |  |  | 5,956 |  |  | — |
|  |  | $ | 310,128 |  |  | $ | 29,085 |  |  | $ | 250,945 |  |  | $ | 32,113 |  |  | $ | (2,015 | )
Weighted-average life of intangible assets (years) |  |  |  |  |  |  | 16.6 |  |  | 16.1 |
LCIF [Member] |
Investments in Real Estate and Real Estate Under Construction [Line Items] |
Schedule of Net Real Estate | The Partnership's real estate, net, consists of the following at December 31, 2017 and 2016:
|  | 2017 |  | 2016
Real estate, at cost: |  |  |  |
Buildings and building improvements |  | $ | 705,565 |  |  | $ | 644,173 |
Land, land estates and land improvements |  | 88,589 |  |  | 86,120 |
Fixtures and equipment |  | 84 |  |  | 84 |
Construction in progress |  | 4 |  |  | 825 |
Real estate intangibles: |  |  |  |
In-place lease values |  | 95,166 |  |  | 82,190 |
Tenant relationships |  | 19,067 |  |  | 19,943 |
Above-market leases |  | 2,628 |  |  | 2,628 |
Investment in real estate under construction |  | — |  |  | 40,443 |
|  | 911,103 |  |  | 876,406 |
Accumulated depreciation and amortization(1) |  | (233,121 | ) |  | (236,930 | )
Real estate, net |  | $ | 677,982 |  |  | $ | 639,476 |
(1) | Includes accumulated amortization of real estate intangible assets of $54,745 and $54,425 in 2017 and 2016, respectively. The estimated amortization of the above real estate intangible assets for the next five years is $5,307 in 2018, $4,557 in 2019, $4,445 in 2020, $4,431 in 2021 and $4,431 in 2022.
Schedule of Acquired Properties | The Partnership, through property owner subsidiaries, completed the following build-to-suit transaction/acquisitions during 2017:
Property Type |  | Location |  | Acquisition Date |  | Initial Cost Basis |  | Lease Expiration |  | Land |  | Building and Improvements | Lease in-place Value Intangible
Office |  | Charlotte, NC |  | Apr-17 |  | $ | 61,339 |  |  | 04/2032 |  | $ | 3,771 |  |  | $ | 47,064 |  |  | $ | 10,504 |
Industrial |  | Grand Prairie, TX |  | Jun-17 |  | 24,317 |  |  | 03/2037 |  | 3,166 |  |  | 17,985 |  |  | 3,166 |
Industrial |  | Warren, MI |  | Nov-17 |  | 46,955 |  |  | 10/2032 |  | 972 |  |  | 42,521 |  |  | 3,462 |
|  |  |  |  |  | $ | 132,611 |  |  |  |  | $ | 7,909 |  |  | $ | 107,570 |  |  | $ | 17,132 |
Weighted-average life of intangible assets (years) |  |  |  |  |  |  |  | 15.9 |
The Partnership, through property owner subsidiaries, completed the following acquisition during 2016:
Property Type |  | Location |  | Acquisition Date |  | Initial Cost Basis |  | Lease Expiration |  | Land and Land Estates |  | Building and Improvements | Lease in-place Value Intangible
Industrial |  | Romeoville, IL |  | Dec-16 |  | $ | 52,700 |  |  | 10/2031 |  | $ | 7,524 |  |  | $ | 40,167 |  |  | $ | 5,009 |
Life of intangible asset (years) |  |  |  |  |  |  |  | 14.9 |

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