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Commitments and Contingencies
 6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
As of June 30, 2020, the Company had letters of credit outstanding totaling $291 that serve as collateral for certain capital improvements at one of its properties and reduce the available borrowings on its unsecured revolving line of credit.
The following table summarizes the Company’s active expansion and redevelopment projects as of June 30, 2020:
 
 
 
 
Estimated Net Investment
 
Net Investment as of
June 30, 2020
Project Name
 
MSA
 
Low
 
High
 
Circle East (a)
 
Baltimore
 
$
42,000

 
$
44,000

 
$
23,438

One Loudoun Downtown – Pads G & H (b)
 
Washington, D.C.
 
$
125,000

 
$
135,000

 
$
35,612

The Shoppes at Quarterfield
 
Baltimore
 
$
9,000

 
$
10,000

 
$
1,155

Southlake Town Square – Pad
 
Dallas
 
$
2,000

 
$
2,500

 
$
432

(a)
Investment amounts are net of proceeds of $11,820 received from the sale of air rights.
(b)
Investment amounts are net of expected contributions from the Company’s joint venture partners.
In response to current macroeconomic conditions, the Company halted plans for vertical construction at its Carillon redevelopment during the three months ended March 31, 2020 and materially reduced the planned scope and spend for the project. As of June 30, 2020, the Company is actively completing site work preparation at the property in anticipation of potential future development at the site. The Company expects to finalize the site work preparation during 2020 for an expected additional capital investment of approximately $1,400. In addition, during the six months ended June 30, 2020, the Company terminated the joint ventures related to the multi-family rental portion and the medical office building portion of the redevelopment at Carillon.