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Investments in Real Estate (Tables) | 6 Months Ended
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Jun. 30, 2021
Real Estate [Abstract] |
Schedule of Acquired Properties | The Company completed the following warehouse/distribution acquisition and development transactions during the six months ended June 30, 2021:
Market(1) | Acquisition/Completion Date | Initial Cost Basis | Primary Lease Expiration | Land |  | Building and Improvements |  | Lease in-place Value Intangible | Above (Below-) Market Lease Intangible, net
Indianapolis, IN | January 2021 | $ | 14,310 |  | 12/2024 | $ | 1,208 |  |  | $ | 12,052 |  |  | $ | 1,035 |  | $ | 15 |
Indianapolis, IN | January 2021 | 14,120 |  | 08/2025 | 1,162 |  |  | 11,825 |  |  | 1,133 |  | — |
Central Florida | January 2021 | 22,358 |  | 05/2031 | 1,416 |  |  | 19,910 |  |  | 1,032 |  | — |
Columbus, OH(2) | March 2021(2) | 18,517 |  | 03/2024 | 2,800 |  |  | 15,717 |  |  | — |  | — |
Houston, TX | May 2021 | 28,292 |  | 08/2028 | 4,272 |  |  | 22,295 |  |  | 1,725 |  | — |
Houston, TX | May 2021 | 37,686 |  | 12/2026 | 6,489 |  |  | 28,470 |  |  | 2,727 |  | — |
Houston, TX | May 2021 | 11,512 |  | 08/2024 | 1,792 |  |  | 9,089 |  |  | 631 |  | — |
Cincinnati/Dayton, OH | June 2021 | 18,674 |  | 06/2023 | 1,109 |  |  | 16,477 |  |  | 1,088 |  | — |
Central Florida | June 2021 | 48,593 |  | N/A | 2,610 |  |  | 45,983 |  |  | — |  | — |
Greenville/Spartanburg, SC | June 2021 | 36,903 |  | 09/2025 | 2,376 |  |  | 32,121 |  |  | 2,406 |  | — |
Greenville/Spartanburg, SC | June 2021 | 23,812 |  | 06/2026 | 1,329 |  |  | 21,419 |  |  | 1,064 |  | — |
|  | $ | 274,777 |  |  | $ | 26,563 |  |  | $ | 235,358 |  |  | $ | 12,841 |  | $ | 15 |
(1) A land parcel located in Hebron, OH was also purchased for $371. (2) Development project substantially completed and placed into service in March 2021.
Schedule of Real Estate Properties Development | As of June 30, 2021, the details of the warehouse/distribution real estate under construction are as follows (in $000's, except square feet):
Project (% owned) | Market | Estimated Sq. Ft. | Estimated Project Cost | GAAP Investment Balance as of 6/30/2021 | Amount Funded as of 6/30/2021(3) | Estimated Building Completion Date | % Leased as of 6/30/2021 | Approximate Lease Term (Years)
Fairburn (87%)(1)(2) | Atlanta, GA | 910,000 |  | $ | 53,812 |  | $ | 47,501 |  | $ | 43,051 |  | 2Q 2021 | — | % | TBD
KeHE Distributors, BTS (100%) | Phoenix, AZ | 468,182 |  | 72,000 |  | 45,151 |  | 38,383 |  | 3Q 2021 | 100 | % | 15
Ocala (80%)(1) | Central Florida | 1,085,280 |  | 80,900 |  | 15,014 |  | 10,729 |  | 1Q 2022 | — | % | TBD
Mt. Comfort (80%)(1) | Indianapolis, IN | 1,053,360 |  | 60,300 |  | 8,541 |  | 5,739 |  | 2Q 2022 | — | % | TBD
|  |  | $ | 267,012 |  | $ | 116,207 |  | $ | 97,902 |  |  |  |
(1) Estimated project cost includes estimated tenant improvements and leasing costs and excludes potential developer partner promote. (2) Base building substantially completed during the second quarter of 2021. Property not placed into service. (3) Excludes noncontrolling interests' share.

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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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