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Investments in Real Estate | 9 Months Ended
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Sep. 30, 2020
Real Estate [Abstract] |
Investments in Real Estate | Investments in Real Estate The Company completed the following acquisition transactions during the nine months ended September 30, 2020:
Property Type | Market | Acquisition Date | Initial Cost Basis | Primary Lease Expiration | Land |  | Building and Improvements |  | Lease in-place Value Intangible
Industrial | Chicago, IL | January 2020 | $ | 53,642 |  | 11/2029 | $ | 3,681 |  |  | $ | 45,817 |  |  | $ | 4,144 |
Industrial | Phoenix, AZ | January 2020 | 19,164 |  | 12/2025 | 1,614 |  |  | 16,222 |  |  | 1,328 |
Industrial | Chicago, IL | January 2020 | 39,153 |  | 12/2029 | 1,788 |  |  | 34,301 |  |  | 3,064 |
Industrial | Dallas, TX | February 2020 | 83,495 |  | 8/2029 | 4,500 |  |  | 71,635 |  |  | 7,360 |
Industrial | Savannah, GA | April 2020 | 34,753 |  | 7/2027 | 1,689 |  |  | 30,346 |  |  | 2,718 |
Industrial | Dallas, TX | May 2020 | 10,731 |  | 6/2030 | 1,308 |  |  | 8,466 |  |  | 957 |
Industrial | Savannah, GA | June 2020 | 30,448 |  | 6/2025 | 2,560 |  |  | 25,697 |  |  | 2,191 |
Industrial | Savannah, GA | June 2020 | 9,130 |  | 8/2025 | 1,070 |  |  | 7,448 |  |  | 612 |
Industrial | Houston, TX | June 2020 | 20,949 |  | 4/2025 | 2,202 |  |  | 17,101 |  |  | 1,646 |
Industrial | Ocala, FL | June 2020 | 58,283 |  | 8/2030 | 4,113 |  |  | 49,904 |  |  | 4,266 |
Industrial | DC/Baltimore, MD | September 2020 | 29,143 |  | 11/2024 | 2,818 |  |  | 24,423 |  |  | 1,902 |
Industrial | Savannah, GA | September 2020 | 40,908 |  | 07/2026 | 3,775 |  |  | 34,322 |  |  | 2,811 |
|  |  | $ | 429,799 |  |  | $ | 31,118 |  |  | $ | 365,682 |  |  | $ | 32,999 |
The Company is engaged in two consolidated development projects. As of September 30, 2020, the Company's aggregate investment in the development arrangements was $41,948, which included capitalized interest of $578 for the nine-month period ended September 30, 2020 and is presented as investments in real estate under construction in the accompanying unaudited condensed consolidated balance sheets. As of September 30, 2020, the details of the development arrangements outstanding are as follows (in $000's, except square feet):
Project (% owned) | Market | Property Type | Estimated Sq. Ft. | Estimated Project Cost | GAAP Investment Balance as of 9/30/2020 | Amount Funded as of 9/30/2020 | Estimated Completion Date
Fairburn (90%) | Atlanta, GA | Industrial | 910,000 |  | $ | 53,812 |  | $ | 30,638 |  | $ | 22,543 |  | 1Q 2021
Rickenbacker (100%) | Columbus, OH | Industrial | 320,000 |  | 20,300 |  | 11,310 |  | 8,233 |  | 4Q 2020
|  |  |  | $ | 74,112 |  | $ | 41,948 |  | $ | 30,776 |  |

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 + Details
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