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Significant Acquisitions and Dispositions (Tables)
 12 Months Ended
Dec. 31, 2017
Summary of Allocation of Fair Value of Amounts Recognized
The following table summarizes amounts recognized for each major class of asset and liability (in thousands) for these acquisitions during the year ended December 31, 2017:
Real estate assets
$
945,844

Lease related intangible assets
46,807

Total acquired assets
992,651

Below market lease liability
1,483

Fair value of acquired net assets
$
991,168
Summary of Significant Assumptions Utilized in Estimates
The range of the most significant assumptions utilized in making the lease-up and future disposition estimates used in calculating the "as-if vacant" value for acquisition activities during 2017 and 2016, respectively, are as follows:
Quantico Joint Venture Properties
 
2016
 
Low
High
Exit capitalization rate
6.50%
9.00%
Net rental rate per square foot - Industrial
$8.20
$8.50
Net rental rate per square foot - Office
$9.34
$18.54


2017 and other 2016 Acquisitions
 
2017
 
2016
 
Low
High
 
Low
High
Exit capitalization rate
4.03%
5.65%
 
6.25%
6.96%
Net rental rate per square foot - Industrial
$3.50
$10.00
 
$3.35
$3.39
Net rental rate per square foot - Medical Office
N/A
N/A
 
$15.40
$15.40
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]
The acquisition-related activity in our consolidated Statements of Operations and Comprehensive Income consisted of the following, for the years ended December 31, 2017, 2016 and 2015, respectively (in thousands):
 
2017
 
2016
 
2015
Acquisition costs
$
—

 
$
(96
)
 
$
(499
)
Gains on step acquisitions
—

 
7,272

 
—

Contingent consideration
—

 
—

 
(8,000
)
Acquisition-related activity
$
—

 
$
7,176

 
$
(8,499
)
Duke/Hulfish LLC [Member]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The computation of this gain is shown as follows (in thousands):
Fair value of one property received in non-cash distribution
$
63,000

Cash received at dissolution
2,760

Carrying value of investment in properties distributed to partners
(35,063
)
Gain on dissolution of unconsolidated joint venture
$
30,697
Other 2016 Acquisitions [Member]  
Summary of Allocation of Fair Value of Amounts Recognized
The following table summarizes the fair value of amounts recognized for each major class of asset (in thousands) for these acquisitions during 2016:
Real estate assets
$
94,783

Lease-related intangible assets
8,068

Fair value of acquired net assets
$
102,851
Duke/Quantico LLC [Member]  
Summary of Allocation of Fair Value of Amounts Recognized
The following table summarizes the fair value of the amounts recognized for each major class of assets for this acquisition as well as the computation of the gain on acquisition (in thousands):
Real estate assets
$
120,608

Lease-related intangible assets
16,724

Net working capital liabilities
(126
)
Fair value of acquired net assets
$
137,206

Less consideration transferred (CMBS loan payoff)
(131,250
)
Fair value of pre-existing equity interest
$
5,956

Less carrying value of investment in acquired properties
—

Gain on step acquisition
$
5,956
Summary of Significant Assumptions Utilized in Estimates
The range of the most significant assumptions utilized in making the lease-up and future disposition estimates used in calculating the "as-if vacant" value for acquisition activities during 2017 and 2016, respectively, are as follows:
Quantico Joint Venture Properties
 
2016
 
Low
High
Exit capitalization rate
6.50%
9.00%
Net rental rate per square foot - Industrial
$8.20
$8.50
Net rental rate per square foot - Office
$9.34
$18.54