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Investment in Real Estate
 6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
Investment in real estate Investment in Real Estate
The following table summarizes the Company’s investment in real estate, at cost as of:
June 30, 2020December 31, 2019
Land$1,313,412  $1,313,412  
Building and improvements5,259,044  5,189,342  
Tenant improvements665,378  631,459  
Furniture and fixtures11,445  10,693  
Property under development189,518  124,222  
INVESTMENT IN REAL ESTATE, AT COST$7,438,797  $7,269,128  

Acquisitions

The Company had no acquisitions during the six months ended June 30, 2020.

Dispositions

The Company had no dispositions during the six months ended June 30, 2020.
Held for Sale

As of June 30, 2020 and December 31, 2019, the Company had no properties that met the criteria to be classified as held for sale.

Impairment of Long-Lived Assets

The Company assesses the carrying value of real estate assets and related intangibles whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable in accordance with GAAP. Impairment losses are recorded on real estate assets held for investment when indicators of impairment are present and the future undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. The Company recognizes impairment losses to the extent the carrying amount exceeds the fair value, based on Level 1 or Level 2 inputs, less estimated costs to sell.
The Company did not recognize impairment charges during the six months ended June 30, 2020. During the six months ended June 30, 2019, the Company recorded $52.2 million of impairment charges related to the Campus Center office property that was held for sale at June 30, 2019 and was subsequently sold. The Company’s estimated fair value was based on the sale price (Level 2 input).