Investment in Real Estate (Tables)

3 Months Ended

Mar. 31, 2020

Investment in Real Estate

Summary of properties owned or leased

The following is a summary of the properties owned or leased by market at March 31, 2020 (in thousands):

			Buildings and		Construction in
Market	Land		Improvements		Progress		Total Cost
Boston	$	5,154	$	119,803	$	3,005	$	127,962
Chicago		5,493		115,909		110,768		232,170
Denver		—		34,938		386		35,324
Los Angeles		18,672		377,134		81,178		476,984
Miami		728		14,641		—		15,369
New York		2,729		173,080		54,719		230,528
Northern Virginia		21,856		401,645		101,718		525,219
San Francisco Bay		39,961		778,380		86,020		904,361
Total	$	94,593	$	2,015,530	$	437,794	$	2,547,917

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

Market	Land		Buildings and Improvements		Construction in Progress		Total Cost
Boston	$	5,154	$	119,227	$	931	$	125,312
Chicago		5,493		115,699		100,118		221,310
Denver		—		32,659		2,461		35,120
Los Angeles		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		39,961		776,642		72,763		889,366
Total	$	94,593	$	1,989,731	$	394,474	$	2,478,798