Investment in Real Estate

12 Months Ended

Dec. 31, 2019

Investment in Real Estate

Investment in Real Estate

4. Investment in Real Estate

The following is a summary of the properties owned or leased by market at December 31, 2019 (in thousands):

			Buildings and		Construction in
Market	Land		Improvements		Progress		Total Cost
Boston	$	5,154	$	119,227	$	931	$	125,312
Chicago(1)		5,493		115,699		100,118		221,310
Denver		—		32,659		2,461		35,120
Los Angeles(1)		18,672		376,525		60,178		455,375
Miami		728		14,491		133		15,352
New York		2,729		155,746		56,271		214,746
Northern Virginia		21,856		398,742		101,619		522,217
San Francisco Bay(1)		39,961		776,642		72,763		889,366
Total	$	94,593	$	1,989,731	$	394,474	$	2,478,798

(1) Refer to Note 3, Acquisitions, for further detail on CH2, U.S. Colo, SV8, and SV9 acquisitions.

The following is a summary of the properties owned or leased by market at December 31, 2018 (in thousands):

Market	Land		Buildings and Improvements		Construction in Progress		Total Cost
Boston	$	5,154	$	107,596	$	1,644	$	114,394
Chicago		5,493		113,875		14,478		133,846
Denver		—		30,740		476		31,216
Los Angeles		18,672		338,011		51,688		408,371
Miami		728		14,014		69		14,811
New York		2,729		152,956		33,796		189,481
Northern Virginia		22,793		346,209		94,623		463,625
San Francisco Bay		31,386		626,928		69,147		727,461
Total	$	86,955	$	1,730,329	$	265,921	$	2,083,205