Investment in Real Estate (Tables)

3 Months Ended

Mar. 31, 2017

The following is a summary of the properties owned or leased by market at March 31, 2017 (in thousands):


			Buildings and		Construction in
Market	Land		Improvements		Progress		Total Cost
Boston	$	5,154	$	96,604	$	377	$	102,135
Chicago		5,493		99,661		8,439		113,593
Denver		—		5,413		8,546		13,959
Los Angeles		28,467		240,475		12,268		281,210
Miami		728		10,516		152		11,396
New York		2,388		128,638		39,786		170,812
Northern Virginia(1)		23,642		284,442		26,341		334,425
San Francisco Bay		31,386		609,280		2,786		643,452
Total	$	97,258	$	1,475,029	$	98,695	$	1,670,982

(1)

On February 23, 2017, we executed a ten-year lease for 25,000 square feet at a new property, referred to as DC2, to further expand our data center presence in Washington D.C., which is under construction as of March 31, 2017.