Investments in Real Estate

6 Months Ended

Jun. 30, 2018

Investments in Real Estate

Acquisitions

We acquired the following real estate during the six months ended June 30, 2018:



Location	Market	Date Acquired	Amount (in millions)
10000-10006 Godwin Drive (1)	Northern Virginia	May 3, 2018	$	16.5
2825-2845 Lafayette Street	Silicon Valley	June 19, 2018	$	55.5
			$	72.0


(1)	Represents currently vacant land which is not included in our operating property count. Purchase price excludes capitalized closing costs.

Held for Sale

We sold the remaining four properties that met the criteria to be classified as held for sale as of March 31, 2018 during the three months ended June 30, 2018. As of December 31, 2017, we had identified eight properties that met the criteria to be classified as held for sale. As of December 31, 2017, the eight properties had an aggregate carrying value of $139.5 million within total assets and $5.0 million within total liabilities and are shown as assets held for sale and obligations associated with assets held for sale on the consolidated balance sheet, respectively. The properties are not representative of a significant component of our portfolio, nor do the potential sales represent a significant shift in our strategy.

Dispositions

We sold the following real estate properties during the six months ended June 30, 2018:



Location	Metro Area	Date Sold	Gross Proceeds (in millions)		Gain (loss) on sale (in millions)
200 Quannapowitt Parkway	Boston	January 25, 2018	$	15.0	$	(0.4	)
34551 Ardenwood Boulevard	Silicon Valley	February 9, 2018	73.3		25.3
3065 Gold Camp Drive	Sacramento	March 14, 2018	14.2		5.4
11085 Sun Center Drive	Sacramento	March 14, 2018	36.8		9.1
Austin Portfolio	Austin	April 19, 2018	47.6		12.0
2010 East Centennial Circle	Phoenix	May 22, 2018	5.5		(0.5		)
1125 Energy Park Drive	Minneapolis	May 31, 2018	7.0		2.8
			$	199.4	$	53.7