Investments in Real Estate

3 Months Ended

Mar. 31, 2012

Investments in Real Estate [Abstract]

3. Investments in Real Estate

We acquired the following real estate property during the three months ended March 31, 2012:


Location	Metropolitan Area	Date Acquired	Amount (in millions)
Convergence Business Park⁽¹⁾	Dallas, Texas	February 22, 2012	$	123.0

(1)	Convergence Business Park is comprised of eight buildings along with undeveloped land. It is considered one property for our property count.

On March 14, 2012, we entered into a joint venture with Savvis, Inc., a CenturyLink company, to acquire a 165,000 square foot property in Hong Kong. Subject to closing conditions, the joint venture is expected to close on the acquisition in the second quarter of 2012.

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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