Real Estate Facilities (Tables)

6 Months Ended

Jun. 30, 2019



			Buildings and		Accumulated
	Land		Improvements		Depreciation		Total
Balances at December 31, 2018 ⁽¹⁾	$	762,731	$	2,157,407	$	(1,097,748)	$	1,822,390
Acquisition of real estate facility		9,668		3,978		—		13,646
Capital expenditures		—		17,722		—		17,722
Disposals ⁽²⁾		—		(7,184)		7,184		—
Depreciation and amortization expense		—		—		(48,598)		(48,598)
Transfer to properties held for sale		—		(642)		4,055		3,413
Balances at June 30, 2019	$	772,399	$	2,171,281	$	(1,135,107)	$	1,808,573

____________________________

⁽¹⁾Land, building and improvements, and accumulated depreciation, respectively, totaling $53.9 million, $217.5 million and $143.3 million were reclassified as of December 31, 2018 to “properties held for sale, net” representing 1.3 million rentable square feet of flex and office business parks located in Rockville and Silver Spring, Maryland.

⁽²⁾Disposals primarily represent the book value of tenant improvements that have been removed upon the customer vacating their space.

Summary Of Real Estate Assets Acquired And Liabilities Assumed



	2019		2018
Land	$	9,668	$	25,806
Buildings and improvements		3,978		112,230
Other assets (above-market in-place rents)		—		1,487
Accrued and other liabilities (below-market in-place rents)		(212)		(1,790)
Other assets (in-place lease value)		390		6,033
Total purchase price		13,824		143,766
Net operating assets acquired and liabilities assumed		(88)		(1,367)
Total cash paid	$	13,736	$	142,399

JV Partner [Member]

Real Estate Properties [Line Items]

Summary Of Real Estate Assets Acquired And Liabilities Assumed



	2018
Land	$	21,814
Buildings and improvements		84,903
Other assets (in-place lease value)		1,199
Total consolidated joint venture		107,916
Noncontrolling interest in consolidated joint venture		(4,032)
Net book value of joint venture at consolidation	$	103,884