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Investments in Real Estate (Tables) | 12 Months Ended
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Dec. 31, 2018
Real Estate Investments, Net [Abstract] |
Schedule of Net Real Estate | The Company's real estate, net, consists of the following at December 31, 2018 and 2017:
|  | 2018 |  | 2017
Real estate, at cost: |  |  |  |
Buildings and building improvements |  | $ | 2,746,446 |  |  | $ | 3,476,022 |
Land, land estates and land improvements |  | 341,848 |  |  | 456,134 |
Fixtures and equipment |  | — |  |  | 84 |
Construction in progress |  | 1,840 |  |  | 4,219 |
Real estate intangibles: |  |  |  |
In-place lease values |  | 331,607 |  |  | 461,624 |
Tenant relationships |  | 54,662 |  |  | 97,223 |
Above-market leases |  | 33,343 |  |  | 40,244 |
|  | 3,509,746 |  |  | 4,535,550 |
Accumulated depreciation and amortization(1) |  | (954,087 | ) |  | (1,225,650 | )
Real estate, net |  | $ | 2,555,659 |  |  | $ | 3,309,900 |
(1) | Includes accumulated amortization of real estate intangible assets of $231,443 and $334,681 in 2018 and 2017, respectively. The estimated amortization of the above real estate intangible assets for the next five years is $24,021 in 2019, $21,442 in 2020, $19,501 in 2021, $17,448 in 2022 and $17,065 in 2023.
Schedule of Acquired Properties | The Company completed the following acquisitions and build-to-suit transactions during 2018 and 2017: 2018:
|  |  |  |  |  |  |  |  | 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
Industrial | Olive Branch, MS | April 2018 | $ | 44,090 |  | 07/2029 | $ | 1,958 |  |  | $ | 38,687 |  |  | $ | 3,445 |  |  | $ | — |
Industrial | Olive Branch, MS | April 2018 | 48,575 |  | 06/2021 | 2,500 |  |  | 42,538 |  |  | 5,151 |  |  | (1,614 | )
Industrial | Edwardsville, IL | June 2018 | 44,178 |  | 05/2030 | 3,649 |  |  | 41,292 |  |  | 3,467 |  |  | (4,230 | )
Industrial | Spartanburg, SC | August 2018 | 27,632 |  | 07/2024 | 1,447 |  |  | 23,744 |  |  | 2,441 |  |  | — |
Industrial | Pasadena, TX | August 2018 | 23,868 |  | 08/2023 | 4,057 |  |  | 17,810 |  |  | 2,001 |  |  | — |
Industrial | Carrollton, TX | September 2018 | 19,564 |  | 12/2033 | 3,228 |  |  | 15,766 |  |  | 1,247 |  |  | (677 | )
Industrial | Goodyear, AZ | November 2018 | 41,372 |  | 04/2026 | 5,247 |  |  | 36,115 |  |  | 2,014 |  |  | (2,004 | )
Industrial | Chester, VA | December 2018 | 66,311 |  | 06/2030 | 8,544 |  |  | 53,067 |  |  | 6,832 |  |  | (2,132 | )
|  |  | $ | 315,590 |  |  | $ | 30,630 |  |  | $ | 269,019 |  |  | $ | 26,598 |  |  | $ | (10,657 | )
Weighted-average life of intangible assets (years) |  |  |  |  |  |  | 8.4 |  |  | 9.4 |
In addition, the Company acquired a 57-acre parcel of land from a non-consolidated joint venture and leased the parcel to a tenant to develop an industrial property. 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(2) | 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.
(2) | Sold to newly-formed joint venture in 2018. See note 7.

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