XML 53 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Investments in Real Estate (Details)
ft² in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
ft²
Sep. 30, 2015
USD ($)
ft²
Sep. 30, 2016
USD ($)
ft²
property
state
item
Sep. 30, 2015
USD ($)
ft²
item
Real estate properties        
Leasable square feet | ft² 80.5   80.5  
Number of investments in properties that caused any tenant to be 10% of more of total assets | item     0  
Total revenue $ 277,174,000 $ 258,889,000 $ 815,329,000 $ 759,617,000
In-place lease, depreciation and amortization to expense     69,600,000 65,500,000
Net Decrease to Rental Income for Capitalized above Market and below Market Leases     6,700,000 5,800,000
Net increase (decrease) to rental revenue        
2016 (2,512,000)   (2,512,000)  
2017 (10,006,000)   (10,006,000)  
2018 (9,758,000)   (9,758,000)  
2019 (8,803,000)   (8,803,000)  
2020 (8,042,000)   (8,042,000)  
Thereafter 24,553,000   24,553,000  
Totals (14,568,000)   (14,568,000)  
Increase to amortization expense        
2016 24,248,000   24,248,000  
2017 95,904,000   95,904,000  
2018 93,409,000   93,409,000  
2019 83,084,000   83,084,000  
2020 77,569,000   77,569,000  
Thereafter 433,821,000   433,821,000  
Totals $ 808,035,000   $ 808,035,000  
Maximum        
Real estate properties        
Investments to any one tenant as a percentage of total assets     10.00%  
New properties and properties under development        
Real estate properties        
Real estate acquired     $ 1,100,000,000 $ 1,100,000,000
Number of properties     236 195
Initial weighted average contractual lease rate of properties acquired (as a percent)     6.40% 6.50%
Number of states in which properties are located     36 36
Leasable square feet | ft² 5.2 5.1 5.2 5.1
Leased area (as a percent) 100.00% 100.00% 100.00% 100.00%
Weighted average lease term     15 years 16 years 8 months 12 days
Number of industries in which tenants operate | item     24 18
Acquisition transaction costs     $ 119,000 $ 368,000
New properties and properties under development | Retail properties        
Real estate properties        
Property type- percentage of properties acquired     80.70% 87.00%
New properties and properties under development | Industrial and distribution properties        
Real estate properties        
Property type- percentage of properties acquired     19.30% 13.00%
Properties under development or expansion        
Real estate properties        
Number of properties | item     30 30
Initial weighted average contractual lease rate of properties acquired (as a percent)     7.10% 9.90%
Investments in properties     $ 87,700,000 $ 37,100,000
Aggregate acquisitions        
Real estate properties        
Real estate acquired     1,100,000,000 1,100,000,000
Land recorded related to acquisition     267,800,000 214,800,000
Buildings and improvements recorded     691,900,000 780,800,000
Intangible assets related to leases recorded     140,400,000 86,600,000
Intangible liabilities related to leases and other assumed liabilities recorded     26,300,000 27,200,000
Premiums recorded upon acquisition of mortgages     692,000  
Total revenue     22,500,000 25,300,000
Net income     11,200,000 12,600,000
Amount of investment allocated by estimate     401,100,000  
Amount of investment previously allocated by estimate finalized during the period     195,400,000  
Investments in Existing Properties        
Real estate properties        
Total capitalized costs on existing properties $ 5,300,000 $ 5,900,000 5,300,000 5,900,000
Re-leasing costs and real estate improvements included in capitalized costs on existing properties     564,000  
Recurring Capital Expenditures Real Estate Improvements     486,000  
Nonrecurring Building Real Estate Improvements     4,200,000  
Real estate investments with existing leases        
Real estate properties        
Real estate acquired     $ 574,000,000 $ 304,200,000
Number of properties | item     75 47