Investment in Real Estate (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2020 (in thousands):

			Buildings and		Construction in
Market	Land		Improvements		Progress		Total Cost
Boston	$	5,154	$	119,958	$	6,451	$	131,563
Chicago		7,059		177,793		59,625		244,477
Denver		—		35,094		786		35,880
Los Angeles		18,672		378,811		107,453		504,936
Miami		728		14,664		16		15,408
New York		2,729		175,691		65,464		243,884
Northern Virginia		21,856		403,111		104,180		529,147
San Francisco Bay		44,234		835,407		37,170		916,811
Total	$	100,432	$	2,140,529	$	381,145	$	2,622,106

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