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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Summary of Estimated Useful Lives

Depreciation of real estate assets, excluding land, is recognized on a straight-line basis over their estimated useful lives as follows:

 

Building:

25 – 40 years

Site improvements:

5 – 15 years

Tenant improvements:

shorter of the estimated useful life or non-cancelable term of lease

 

Summary of Cash, Cash Equivalents and Restricted Cash

the following is a summary of our cash, cash equivalents, and restricted cash total as presented in our statements of cash flows for the year ended December 31, 2017 and December 31, 2016, and for the period from July 7, 2015 (Date Operations Commenced) to December 31, 2016 (in thousands):

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Cash and cash equivalents

 

$

241,569

 

 

$

52,026

 

 

$

62,867

 

Restricted cash

 

 

175,665

 

 

 

87,616

 

 

 

92,475

 

Total cash, cash equivalents, and restricted cash

   shown in the statement of cash flows

 

$

417,234

 

 

$

139,642

 

 

$

155,342