Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of construction activity

The table below details the Company’s construction activity as of December 31, 2019. The information included in the table below represents management’s estimates and expectations at December 31, 2019, which are subject to change. The Company’s disclosures regarding certain projections or estimates of completion dates may not reflect actual results.

			DECEMBER 31, 2019						ESTIMATED REMAINING FUNDINGS unaudited		ESTIMATED TOTAL INVESTMENT unaudited		APPROXIMATE SQUARE FEET unaudited
Dollars in thousands	NUMBER OF PROPERTIES	INITIAL OCCUPANCY	CONSTRUCTION IN PROGRESS BALANCE		TOTAL FUNDED during the year		TOTAL AMOUNT FUNDED
Construction Activity
Seattle, WA	1	Q1 2020	$	48,731	$	25,211	$	49,033	$	15,087	$	64,120	151,000
Redevelopment Activity
Memphis, TN 1	1	Q1 2021	—		9,032		9,032		18,768		27,800		110,883
Total			$	48,731	$	34,243	$	58,065	$	33,855	$	91,920	261,883

1

Initial occupancy represents the quarter in which the redevelopment is expected to be completed. The building will continue to operate with in-place leases during construction.