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Investment in Real Estate
 6 Months Ended
Jun. 30, 2017
Investment in Real Estate  
Investment in Real Estate

 

3. Investment in Real Estate

 

The following is a summary of the properties owned or leased by market at June 30, 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Buildings and

 

Construction in

 

 

 

 

Market

    

Land

    

Improvements

    

Progress

    

Total Cost

 

Boston

 

$

5,154

 

$

97,607

 

$

3,240

 

$

106,001

 

Chicago

 

 

5,493

 

 

100,198

 

 

11,225

 

 

116,916

 

Denver

 

 

 —

 

 

5,720

 

 

9,847

 

 

15,567

 

Los Angeles

 

 

28,467

 

 

244,622

 

 

24,085

 

 

297,174

 

Miami

 

 

728

 

 

10,602

 

 

254

 

 

11,584

 

New York

 

 

2,388

 

 

129,550

 

 

39,839

 

 

171,777

 

Northern Virginia(1)

 

 

23,642

 

 

285,772

 

 

36,856

 

 

346,270

 

San Francisco Bay

 

 

31,386

 

 

610,669

 

 

3,077

 

 

645,132

 

Total

 

$

97,258

 

$

1,484,740

 

$

128,423

 

$

1,710,421

 

(1)

On February 23, 2017, we executed a ten-year lease for 25,000 square feet at a new property, which we refer to as DC2, to further expand our data center presence in Washington D.C, within our Northern Virginia market. DC2 is under construction as of June 30, 2017.