Commitments and Contingencies	9 Months Ended
Sep. 30, 2023
Commitments and Contingencies.
Commitments and Contingencies	16. Commitments and Contingencies Our properties require periodic investments of capital for tenant-related capital expenditures and for general capital improvements including ground up construction. From time to time in the normal course of our business, we enter into various construction contracts with third parties that may obligate us to make payments. At September 30, 2023, we had open commitments, including amounts reimbursable by customers of approximately $25.9 million, related to construction contracts of approximately $2.6 billion. In the ordinary course of our business, we may become subject to various legal proceedings. As of September 30, 2023, we were not a party to any legal proceedings which we believe would have a material adverse effect on our operations or financial position. The Division of Enforcement of the Securities and Exchange Commission is conducting an investigation into the adequacy of our disclosures of cybersecurity risks. We are cooperating with the SEC and are not aware of any cybersecurity issue or event that caused the Staff to open this matter. Responding to an investigation of this type can be costly and time-consuming. While we are unable to estimate the likelihood of the outcome of this matter, our potential cost or exposure or the duration of the process, based on the information we currently possess, we do not expect the total potential cost to be material to our financial condition. If the SEC believes that violations occurred, it could seek remedies including an order prohibiting future violations and a civil money penalty.

Commitments and Contingencies

9 Months Ended

Sep. 30, 2023

16. Commitments and Contingencies

Our properties require periodic investments of capital for tenant-related capital expenditures and for general capital improvements including ground up construction. From time to time in the normal course of our business, we enter into various construction contracts with third parties that may obligate us to make payments. At September 30, 2023, we had open commitments, including amounts reimbursable by customers of approximately $25.9 million, related to construction contracts of approximately $2.6 billion.

In the ordinary course of our business, we may become subject to various legal proceedings. As of September 30, 2023, we were not a party to any legal proceedings which we believe would have a material adverse effect on our operations or financial position.

The Division of Enforcement of the Securities and Exchange Commission is conducting an investigation into the adequacy of our disclosures of cybersecurity risks. We are cooperating with the SEC and are not aware of any cybersecurity issue or event that caused the Staff to open this matter. Responding to an investigation of this type can be costly and time-consuming. While we are unable to estimate the likelihood of the outcome of this matter, our potential cost or exposure or the duration of the process, based on the information we currently possess, we do not expect the total potential cost to be material to our financial condition. If the SEC believes that violations occurred, it could seek remedies including an order prohibiting future violations and a civil money penalty.