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Investment in Real Estate
 12 Months Ended
Dec. 31, 2013
Real Estate [Abstract]  
Investment in Real Estate
Investment in Real Estate
A schedule of our gross investment in real estate follows:
 
 
Successor
 
Predecessor
 
December 31, 2013
 
December 31, 2012
(Dollars in millions)
Land
 
Building and
Improvements
 
Equipment
 
Land
 
Building and
Improvements
 
Equipment
West Seventh St., Cincinnati, OH (7th Street)
$
0.9

 
$
107.6

 
$
11.0

 
$
0.9

 
$
108.7

 
$
0.8

Parkway Dr., Mason, OH (Mason)
—

 
20.2

 
0.6

 
—

 
20.2

 
0.4

Industrial Rd., Florence, KY (Florence)
2.2

 
41.4

 
2.4

 
—

 
46.8

 
0.5

Goldcoast Dr., Cincinnati, OH (Goldcoast)
0.6

 
6.7

 
0.1

 
0.6

 
6.7

 
—

Knightsbridge Dr., Hamilton, OH (Hamilton)
—

 
49.2

 
3.6

 
—

 
49.9

 
2.1

E. Monroe St., South Bend, IN (Monroe St.)
—

 
2.5

 
—

 
—

 
3.2

 
—

Springer St., Lombard, IL (Lombard)
0.7

 
4.6

 
0.2

 
—

 
2.6

 
—

Crescent Circle, South Bend, IN (Blackthorn)
—

 
3.3

 
0.2

 
—

 
3.3

 
0.1

Kingsview Dr., Lebanon, OH (Lebanon)
4.0

 
71.7

 
2.2

 
4.0

 
71.0

 
1.1

McAuley Place, Blue Ash, OH (Blue Ash)
—

 
0.6

 
—

 
—

 
0.6

 
—

Westway Park Blvd., Houston, TX (Houston West 1)
1.4

 
84.4

 
39.4

 
3.3

 
87.8

 
12.0

Westway Park Blvd., Houston, TX (Houston West 2)
2.0

 
22.4

 
15.8

 
—

 
—

 
—

Westway Park Blvd., Houston, TX (Houston West 3)
18.3

 
—

 
—

 
—

 
—

 
—

Southwest Fwy., Houston, TX (Galleria)
—

 
68.4

 
13.3

 
—

 
66.0

 
6.6

E. Ben White Blvd., Austin, TX (Austin 1)
—

 
22.5

 
1.2

 
—

 
22.6

 
0.8

S. State Highway 121 Business, Lewisville, TX (Lewisville)
—

 
77.0

 
20.3

 
—

 
76.0

 
9.6

Marsh Lane, Carrollton, TX (Marsh Ln)
—

 
0.1

 
0.5

 
—

 
0.1

 
0.2

Midway Rd., Carrollton, TX (Midway)
—

 
2.0

 
0.4

 
—

 
2.0

 
0.3

W. Frankford Rd., Carrollton, TX (Carrollton)
16.1

 
42.6

 
34.8

 
16.1

 
34.6

 
5.0

Bryan St., Dallas, TX (Bryan St)
—

 
0.1

 
0.1

 
—

 
0.1

 
—

North Freeway, Houston, TX (Greenspoint)
—

 
1.3

 
0.4

 
—

 
1.3

 
0.4

South Ellis Street, Chandler, AZ (Phoenix)
15.0

 
55.7

 
11.7

 
15.0

 
38.7

 
6.8

Westover Hills Blvd., San Antonio, TX (San Antonio 1)
4.6

 
32.1

 
29.5

 
4.6

 
30.8

 
4.7

Westover Hills Blvd., San Antonio, TX (San Antonio 2)
6.7

 
—

 
—

 
—

 
—

 
—

Metropolis Dr., Austin, TX (Austin 2)
2.0

 
23.1

 
1.7

 
—

 
22.7

 
0.6

Kestral Way (London)
—

 
34.8

 
0.7

 
—

 
17.1

 
0.3

Jurong East (Singapore)
—

 
9.4

 
0.1

 
—

 
9.7

 
0.1

Ridgetop Circle, Sterling, VA (Northern VA)
6.9

 
—

 
—

 
—

 
—

 
—

Metropolis Dr., Austin, TX (Austin 3)
7.9

 
—

 
—

 
—

 
—

 
—

Total
$
89.3

 
$
783.7

 
$
190.2

 
$
44.5

 
$
722.5

 
$
52.4



Construction in progress was $57.3 million and $64.2 million as of December 31, 2013 and December 31, 2012, respectively. We continue to have high amounts of construction in progress as we continue to build data center facilities.
For the year ended December 31, 2013, we made various land acquisitions. We purchased 33 acres of land in Houston (Houston West 3) for $18.2 million, 22 acres of land for $6.7 million in San Antonio (San Antonio 2), 22 acres of land for $7.9 million in Austin (Austin Met 3), and 14 acres of land for $6.9 million in Virginia (Northern VA).
We executed our lease buyout options and purchased the Springer Street, Lombard, IL (Lombard) and Industrial Road, Florence, KY (Florence) data center facilities for total purchase price of $5.5 million and $10.5 million, respectively, and extinguished our Metropolis Drive, Austin, TX (Austin 2) data center facility related financing lease obligation for $12.2 million.
The extinguishment resulted in the settlement of the related financing lease obligation for Austin 2 of $8.9 million, acquisition of land of $2.0 million and a loss on extinguishment of debt of $1.3 million.
Upon completion of the buyout of the Lombard and Florence capital leases, the gross basis of each acquired asset was reset to the net carrying value of the leased assets and the depreciable life was extended to 25 years consistent with our policy for depreciating buildings. The amounts of these adjustments for Lombard and Florence were $0.1 million and $7.9 million, respectively.
Impairment exists when the Company's net book value of real estate assets is greater than the estimated fair value. For the years ended December 31, 2013 and 2012, we recognized impairments of $2.8 million and $11.8 million, respectively. No such impairment was recognized in 2011.