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Investments In Real Estate (Tables)
12 Months Ended
Dec. 31, 2014
Real Estate Properties [Line Items]  
Schedule Of Pro Forma Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31,

 

 

2014

 

 

2013

 

 

 

 

 

 

 

(Unaudited)

Total revenues

$

81,720 

 

$

65,306 

Net income available to common stockholders, net of preferred stock dividends

 

17,000 

 

 

8,288 

Basic and diluted net income available to common stockholders per share,

 

 

 

 

 

net of preferred stock dividends

$

0.56 

 

$

0.39 

 

2014 Acquisition [Member]  
Real Estate Properties [Line Items]  
Summary Of Wholly Owned Industrial Properties Acquired

 

 

 

 

 

 

 

 

 

 

 

 

Property Name

 

Location

 

Acquisition Date

 

Number of Buildings (Unaudited)

 

Square Feet (Unaudited)

 

 

Purchase Price
(in thousands)  1

SW 34th Street

 

Renton, WA

 

February 11, 2014

 

1

 

62,004 

 

$

6,600 

Parkway

 

Hanover, MD

 

March 26, 2014

 

1

 

158,769 

 

 

18,000 

Pulaski

 

Bayonne, NJ

 

March 31, 2014

 

1

 

98,049 

 

 

9,200 

747 Glasgow

 

Inglewood, CA

 

April 22, 2014

 

1

 

19,326 

 

 

3,450 

Hampton

 

Capitol Heights, MD

 

May 13, 2014

 

1

 

138,780 

 

 

18,050 

Burroughs

 

San Leandro, CA

 

May 14, 2014

 

3

 

129,279 

 

 

13,328 

California

 

Corona, CA

 

June 5, 2014

 

1

 

89,819 

 

 

7,815 

Las Hermanas 2

 

Compton, CA

 

June 12, 2014

 

1

 

23,735 

 

 

4,020 

South Main II

 

Carson, CA

 

July 18, 2014

 

1

 

33,769 

 

 

8,500 

79th Ave South

 

Kent, WA

 

July 25, 2014

 

1

 

35,018 

 

 

2,770 

Auburn 1307

 

Auburn, WA

 

August 22, 2014

 

1

 

91,607 

 

 

9,530 

3401 Lind

 

Renton, WA

 

October 3, 2014

 

1

 

113,170 

 

 

9,975 

900 Hart

 

Rahway, NJ

 

October 8, 2014

 

1

 

84,000 

 

 

7,205 

Kent 216th

 

Kent, WA

 

October 24, 2014

 

1

 

106,910 

 

 

9,214 

9020 Junction

 

Annapolis Junction, MD

 

November 17, 2014

 

1

 

96,666 

 

 

13,800 

11300 NW 131st

 

Medley, FL

 

November 19, 2014

 

1

 

85,000 

 

 

8,925 

Terminal Way

 

Avenel, NJ

 

November 25, 2014

 

2

 

80,200 

 

 

7,445 

14605 Miller

 

Fontana, CA

 

December 2, 2014

 

1

 

265,500 

 

 

22,899 

Park Union City

 

Union City, CA

 

December 10, 2014

 

3

 

170,129 

 

 

23,800 

75th Ave

 

Landover, MD

 

December 17, 2014

 

5

 

384,352 

 

 

31,215 

Total

 

 

 

 

 

29

 

2,266,082 

 

$

235,741 

 

 

1  Excludes intangible liabilities and mortgage premiums, if any. The total aggregate investment was approximately $236.7 million.

2 Includes an improved land parcel consisting of 1.2 acres (unaudited) that is separately leased for trailer storage.

2013 Acquisition [Member]  
Real Estate Properties [Line Items]  
Summary Of Wholly Owned Industrial Properties Acquired

 

 

 

 

 

 

 

 

 

 

 

 

Property Name

 

Location

 

Acquisition Date

 

Number of Buildings (Unaudited)

 

Square Feet (Unaudited)

 

 

Purchase Price
(in thousands)  1

107th Avenue

 

Medley, FL

 

March 6, 2013

 

1

 

49,284 

 

$

5,095 

SeaTac 8th Ave

 

Burien, WA

 

March 21, 2013

 

1

 

68,583 

 

 

6,450 

240 Littlefield Avenue

 

South San Francisco, CA

 

April 3, 2013

 

1

 

67,800 

 

 

8,400 

101st Road 2

 

Medley, FL

 

April 26, 2013

 

1

 

52,536 

 

 

6,000 

Americas Gateway

 

Doral, FL

 

May 22, 2013

 

6

 

306,924 

 

 

23,725 

Route 100

 

Elkridge, MD

 

June 12, 2013

 

2

 

348,610 

 

 

16,650 

1 Dodge Drive

 

West Caldwell, NJ

 

June 20, 2013

 

1

 

92,913 

 

 

6,775 

17 Madison

 

Fairfield, NJ

 

July 23, 2013

 

1

 

30,792 

 

 

2,840 

550 Delancy

 

Newark, NJ

 

July 25, 2013

 

1

 

52,086 

 

 

15,000 

Melanie Lane

 

East Hanover, NJ

 

September 30, 2013

 

3

 

166,735 

 

 

20,000 

Michele/Meadow

 

Carlstadt, NJ

 

October 17, 2013

 

2

 

90,225 

 

 

9,875 

60 Ethel

 

Piscataway, NJ

 

November 6, 2013

 

2

 

104,930 

 

 

7,000 

8215 Dorsey

 

Jessup, MD

 

November 15, 2013

 

1

 

88,438 

 

 

6,000 

4230 Forbes

 

Lanham, MD

 

December 11, 2013

 

1

 

55,877 

 

 

5,600 

14611 Broadway

 

Gardena, CA

 

December 19, 2013

 

1

 

40,000 

 

 

6,000 

3601 Pennsy

 

Landover, MD

 

December 23, 2013

 

1

 

71,400 

 

 

7,000 

JFK Airgate

 

Queens, NY

 

December 27, 2013

 

4

 

229,261 

 

 

53,111 

Total

 

 

 

 

 

30

 

1,916,394 

 

$

205,521 

 

 

 

 

1  Excludes intangible liabilities and assumed mortgage premiums, if any. The total aggregate investment was approximately $212.4 million. 

2 Includes an improved land parcel consisting of 2.3 acres (unaudited) that is separately leased for trailer storage and parking.