Investments in Real Estate (Tables)

12 Months Ended

Dec. 31, 2019

Real Estate [Abstract]

Schedule of wholly-owned industrial properties

The following table sets forth the wholly-owned industrial properties the Company acquired during the year ended December 31, 2019:

Property Name	Location	Acquisition Date	Number of Buildings	Square Feet	Purchase Price (in thousands) 1
49th Street	Queens, NY	Februrary 12, 2019	1	19,000	$	24,017
81 N Hackensack 2	Kearny, NJ	March 8, 2019	—	—	25,000
48 3rd and 286 Central 3	Kearny, NJ	March 29, 2019	1	28,124	14,085
Minnesota and Tennessee	San Francisco, CA	May 28, 2019	2	119,089	47,775
51 Kero 4	Carlstadt, NJ	August 7, 2019	—	—	4,025
Anderson	Los Angeles, CA	August 19, 2019	5	53,016	18,100
Auburn 400	Auburn, WA	August 21, 2019	1	70,345	9,450
Morgan	Brooklyn, NY	August 29, 2019	2	195,598	80,500
20th Street	Oakland, CA	August 30, 2019	1	92,884	23,752
Slauson	Santa Fe Springs, CA	August 30, 2019	2	29,927	5,331
East Marginal 5	Seattle, WA	November 15, 2019	—	—	2,850
Whelan	East Rutherford, NJ	December 13, 2019	1	50,305	12,000
917 Valley	Puyallup, WA	December 19, 2019	1	40,816	6,725
Total			17	699,104	$	273,610

¹The total aggregate investment was approximately $289.6 million, including $6.0 million in closing costs and acquisition costs.

²Represents an improved land parcel containing approximately 16.8 acres.

³Also includes an improved land parcel containing approximately 2.9 acres.

⁴Represents an improved land parcel containing approximately 2.0 acres.

⁵Represents an improved land parcel containing approximately 0.9 acres.

The following table sets forth the wholly-owned industrial properties the Company acquired during the year ended December 31, 2018:

Property Name	Location	Acquisition Date	Number of Buildings	Square Feet	Purchase Price (in thousands) 1
Vermont	Torrance, CA	January 31, 2018	1	99,629	$	17,500
Woodside	Queens, NY	March 6, 2018	1	83,294	25,170
1st Avenue South	Seattle, WA	March 6, 2018	1	234,720	42,000
Wicks Blvd	San Leandro, CA	April 27, 2018	1	11,300	2,600
85 Doremus 2	Newark, NJ	May 7, 2018	—	—	6,300
East Valley	Renton, WA	May 7, 2018	1	39,005	5,950
Merced 3	San Leandro, CA	August 2, 2018	4	225,344	36,000
San Clemente	Hayward, CA	September 7, 2018	1	54,000	9,000
Whitney 4	San Leandro, CA	September 17, 2018	3	128,073	22,790
Commerce	Carlstadt, NJ	October 17, 2018	1	24,000	3,480
Kent 192 5	Seattle, WA	October 24, 2018	—	—	12,434
6th Ave	Seattle, WA	October 31, 2018	1	50,270	12,558
Walnut II	Compton, CA	November 7, 2018	1	60,040	11,108
Shoemaker 6	Santa Fe Springs, CA	November 14, 2018	—	—	6,400
Hotchkiss II	Fremont, CA	December 20, 2018	1	29,214	6,200
Total			17	1,038,889	$	219,490

¹The total aggregate investment was approximately $227.1 million, including $2.9 million in closing costs and acquisition costs.

²Represents an improved land parcel containing approximately 3.5 acres.

³Also includes an improved land parcel containing approximately 1.2 acres.

⁴Also includes improved land parcel containing approximately 0.2 acres.

⁵Represents an improved land parcel containing approximately 12.7 acres.

⁶Represents an improved land parcel containing approximately 2.3 acres.

The following table summarizes certain information with respect to the property and improved land parcel the Company has under contract: 

Market	Number of Buildings	Square Feet	Purchase Price (in thousands)		Assumed Debt (in thousands)
Los Angeles	1	65,670	$	18,000	$	—
Northern New Jersey/New York City	—	—	—		—
San Francisco Bay Area 1	—	—	12,000		—
Seattle	—	—	—		—
Miami	—	—	—		—
Washington, D.C.	—	—	—		—
Total	1	65,670	$	30,000	$	—

¹Represents one improved land parcel containing approximately 2.78 acres.