Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes amounts recognized for each major class of assets (in thousands) for these acquisitions during the three months ended March 31, 2017:

Real estate assets	$	108,924
Lease related intangible assets	6,497
Fair value of acquired net assets	$	115,421

Summary of Most Significant Assumptions Utilized in the Estimations [Table Text Block]

The most significant assumptions used in calculating the "as-if vacant" value for acquisition activity during the three months ended March 31, 2017 are as follows:

	Low	High
Discount rate	5.81%	6.82%
Exit capitalization rate	4.31%	5.32%
Lease-up period (months)	9	12
Net rental rate per square foot - Industrial	$3.50	$5.70