Cover Financial Statements Notes to Financial Statements Accounting Policies Notes Tables Notes Details

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
Document and Entity Information - USD ($) $ in Billions	Dec. 31, 2019	Feb. 26, 2020	Jun. 28, 2019
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-34723
Entity Registrant Name	AMERICOLD REALTY TRUST
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	93-0295215
Entity Address, Address Line One	10 Glenlake Parkway,
Entity Address, Address Line Two	Suite 600, South Tower
Entity Address, City or Town	Atlanta,
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30328
City Area Code	678
Local Phone Number	441-1400
Title of 12(b) Security	Common Shares of Beneficial Interest, $0.01 par value per share
Trading Symbol	COLD
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 5.3
Entity Common Stock, Shares Outstanding		200,164,155
Documents Incorporated by Reference [Text Block]	Part III incorporates by reference portions of Americold Realty Trust’s Proxy Statement for its 2020 Annual Meeting of Shareholders, which the registrants anticipate will be filed no later than 120 days after the end of its fiscal year pursuant to Regulation 14A.
Entity Central Index Key	0001455863
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Americold Realty Operating Partnership, L.P..
Document Information [Line Items]
Entity Registrant Name	AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	01-0958815
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001768982
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Property, plant, and equipment	$ 4,149,214	$ 2,898,139
Accumulated depreciation and depletion	(1,216,553)	(1,097,624)
Property, buildings and equipment – net	2,932,661	1,800,515
Operating lease right-of-use assets	77,723	0
Accumulated depreciation – operating leases	(18,110)	0
Operating leases – net	59,613	0
Financing leases:
Property, plant and equipment - gross	88,038
Accumulated depreciation – financing leases	(29,697)
Financing leases – net	58,341
Financing leases:
Property, plant and equipment - gross		60,503
Accumulated depreciation – financing leases		(21,317)
Financing leases – net		39,186
Cash and cash equivalents	234,303	208,078
Restricted cash	6,310	6,019
Accounts receivable – net of allowance of $6,927 and $5,706 at December 31, 2019 and 2018, respectively	214,842	194,279
Intangible assets – net	284,758	25,056
Goodwill	318,483	186,095
Investments in partially owned entities	0	14,541
Other assets	61,372	58,659
Total assets	4,170,683	2,532,428
Liabilities:
Borrowings under revolving line of credit	0	0
Accounts payable and accrued expenses	350,963	253,080
Mortgage notes, senior unsecured notes and term loan – net of deferred financing costs of $12,996 and $13,943 in the aggregate, at December 31, 2019 and 2018, respectively	1,695,447	1,351,014
Sale-leaseback financing obligations	115,759	118,920
Financing lease obligations	58,170
Financing lease obligations		40,787
Operating lease obligations	62,342
Unearned revenue	16,423	18,625
Pension and postretirement benefits	12,706	16,317
Deferred tax liability – net	17,119	17,992
Multiemployer pension plan withdrawal liability	8,736	8,938
Total liabilities	2,337,665	1,825,673
Shareholders’ equity:
Common units of beneficial interest, 141,088,314 and 68,676,903 issued and outstanding at December 31, 2018 and December 31, 2017, respectively	1,918	1,482
Paid-in capital	2,582,087	1,356,133
Accumulated deficit	(736,861)	(638,345)
Accumulated other comprehensive loss	(14,126)	(12,515)
Total shareholders’ equity	1,833,018	706,755
Total liabilities and shareholders’ equity	4,170,683	2,532,428
Americold Realty Operating Partnership, L.P..
Assets
Property, plant, and equipment	4,149,214	2,898,139
Accumulated depreciation and depletion	(1,216,553)	(1,097,624)
Property, buildings and equipment – net	2,932,661	1,800,515
Operating lease right-of-use assets	77,723	0
Accumulated depreciation – operating leases	(18,110)	0
Operating leases – net	59,613	0
Financing leases:
Property, plant and equipment - gross	88,038
Accumulated depreciation – financing leases	(29,697)
Financing leases – net	58,341
Financing leases:
Property, plant and equipment - gross		60,503
Accumulated depreciation – financing leases		(21,317)
Financing leases – net		39,186
Cash and cash equivalents	234,303	208,078
Restricted cash	6,310	6,019
Accounts receivable – net of allowance of $6,927 and $5,706 at December 31, 2019 and 2018, respectively	214,842	194,279
Intangible assets – net	284,758	25,056
Goodwill	318,483	186,095
Investments in partially owned entities	0	14,541
Other assets	61,372	58,659
Total assets	4,170,683	2,532,428
Liabilities:
Accounts payable and accrued expenses	350,963	253,080
Mortgage notes, senior unsecured notes and term loan – net of deferred financing costs of $12,996 and $13,943 in the aggregate, at December 31, 2019 and 2018, respectively	1,695,447	1,351,014
Sale-leaseback financing obligations	115,759	118,920
Financing lease obligations	58,170
Financing lease obligations		40,787
Operating lease obligations	62,342
Unearned revenue	16,423	18,625
Pension and postretirement benefits	12,706	16,317
Deferred tax liability – net	17,119	17,992
Multiemployer pension plan withdrawal liability	8,736	8,938
Total liabilities	2,337,665	1,825,673
Shareholders’ equity:
General partner – 189,881,910 and 146,752,609 units issued and outstanding as of December 31, 2019 and 2018, respectively	1,828,673	712,078
Limited partner – 1,917,999 and 1,482,350 units issued and outstanding as of December 31, 2019 and 2018, respectively	18,471	7,192
Accumulated other comprehensive loss	(14,126)	(12,515)
Land
Assets
Property, plant, and equipment	526,226	385,232
Land \| Americold Realty Operating Partnership, L.P..
Assets
Property, plant, and equipment	526,226	385,232
Shareholders’ equity:
Total shareholders’ equity	1,833,018	706,755
Buildings and improvements
Assets
Property, plant, and equipment	2,696,732	1,849,749
Financing leases:
Property, plant and equipment - gross	11,227
Financing leases:
Property, plant and equipment - gross		11,227
Buildings and improvements \| Americold Realty Operating Partnership, L.P..
Assets
Property, plant, and equipment	2,696,732	1,849,749
Financing leases:
Property, plant and equipment - gross	11,227
Financing leases:
Property, plant and equipment - gross		11,227
Shareholders’ equity:
Total liabilities and shareholders’ equity	4,170,683	2,532,428
Machinery and equipment
Assets
Property, plant, and equipment	817,617	577,175
Financing leases:
Property, plant and equipment - gross	76,811
Financing leases:
Property, plant and equipment - gross		49,276
Machinery and equipment \| Americold Realty Operating Partnership, L.P..
Assets
Property, plant, and equipment	817,617	577,175
Financing leases:
Property, plant and equipment - gross	76,811
Financing leases:
Property, plant and equipment - gross		49,276
Assets under construction
Assets
Property, plant, and equipment	108,639	85,983
Assets under construction \| Americold Realty Operating Partnership, L.P..
Assets
Property, plant, and equipment	$ 108,639	$ 85,983

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts receivable, allowance	$ 6,927	$ 5,706
Discount and deferred financing costs	$ 12,996	$ 13,943
Common shares, par value (in USD per share)	$ 0.01	$ 0.01
Common shares, shares authorized (in shares)	250,000,000	250,000,000
Common shares, shares issued (in shares)	191,799,909	148,234,959
Common shares, shares outstanding (in shares)	191,799,909	148,234,959
Americold Realty Operating Partnership, L.P..
Accounts receivable, allowance	$ 6,927	$ 5,706
Discount and deferred financing costs	$ 12,996	$ 13,943
General partner units issued (in shares)	188,881,910	146,752,609
General partner units outstanding (in shares)	188,881,910	146,752,609
Limited partner units issued (in shares)	1,917,999	1,482,350
Limited partner units outstanding (in shares)	1,917,999	1,482,350

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Revenues:	$ 1,783,705	$ 1,603,635	$ 1,543,587
Operating expenses:
Depreciation, depletion and amortization	163,348	117,653	116,741
Selling, general and administrative	129,310	110,825	99,616
Acquisition, litigation and other	40,614	3,935	11,329
Impairment of long-lived assets	13,485	747	9,473
Loss (gain) from sale of real estate, net	34	(7,471)	(43)
Total operating expenses	1,652,239	1,423,675	1,406,598
Operating income	131,466	179,960	136,989
Other (expense) income:
Interest expense	(94,408)	(93,312)	(114,898)
Interest income	6,286	3,996	1,074
Bridge loan commitment fees	(2,665)	0	0
Loss on debt extinguishment, modifications and termination of derivative instruments	0	(47,559)	(986)
Foreign currency exchange gain (loss), net	(10)	(2,882)	3,591
Other expense, net	(1,870)	(532)	(1,944)
Loss from partially owned entities	(111)	(1,069)	(1,363)
Gain from sale of partially owned entities	4,297	0	0
Impairment of partially owned entities	0	0	(6,496)
Income before income tax benefit (expense)	43,005	44,366	8,785
Income tax benefit (expense):
Current	(5,544)	467	(13,051)
Deferred	10,701	3,152	3,658
Total income tax benefit (expense)	5,157	3,619	(9,393)
Net income (loss)	48,162	47,985	(608)
Less distributions on preferred shares of beneficial interest - Series A	0	(1)	(16)
Less distributions on preferred shares of beneficial interest - Series B	0	(1,817)	(28,436)
Less accretion on preferred shares of beneficial interest – Series B	0	0	(867)
Net income (loss) attributable to common shares of beneficial interest	$ 48,162	$ 46,167	$ (29,927)
Weighted average common shares outstanding – basic (in shares)	179,598	141,415	70,022
Weighted average common shares outstanding – diluted (in shares)	183,950	144,338	70,022
Net income (loss) per common share of beneficial interest - basic (in USD per share)	$ 0.26	$ 0.31	$ (0.43)
Net income (loss) per common share of beneficial interest - diluted (in USD per share)	0.26	0.31	(0.43)
Distributions declared per common share of beneficial interest (in USD per share)	$ 0.82	$ 0.74	$ 0.29
Operating Segments
Revenues:
Revenues:	$ 1,783,705	$ 1,603,635	$ 1,543,587
Operating expenses:
Operating income	478,257	405,649	374,105
Operating Segments \| Rent, storage and warehouse services
Revenues:
Revenues:	1,377,217	1,176,912	1,145,662
Operating expenses:
Cost of operations	929,626	802,378	797,334
Operating income	447,591	374,534	348,328
Operating Segments \| Third-party managed services
Revenues:
Revenues:	252,939	259,034	242,189
Operating expenses:
Cost of operations	241,178	244,274	229,364
Operating income	11,761	14,760	12,825
Operating Segments \| Transportation services
Revenues:
Revenues:	144,844	158,790	146,070
Operating expenses:
Cost of operations	126,777	143,055	133,120
Operating income	18,067	15,735	12,950
Operating Segments \| Other
Revenues:
Revenues:	8,705	8,899	9,666
Operating expenses:
Cost of operations	7,867	8,279	9,664
Operating income	838	620	2
Americold Realty Operating Partnership, L.P..
Revenues:
Revenues:	1,783,705	1,603,635	1,543,587
Operating expenses:
Depreciation, depletion and amortization	163,348	117,653	116,741
Selling, general and administrative	129,310	110,825	99,616
Acquisition, litigation and other	40,614	3,935	11,329
Impairment of long-lived assets	13,485	747	9,473
Loss (gain) from sale of real estate, net	34	(7,471)	(43)
Total operating expenses	1,652,239	1,423,675	1,406,598
Operating income	131,466	179,960	136,989
Other (expense) income:
Interest expense	(94,408)	(93,312)	(114,898)
Interest income	6,286	3,996	1,074
Bridge loan commitment fees	(2,665)	0	0
Loss on debt extinguishment, modifications and termination of derivative instruments	0	(47,559)	(986)
Foreign currency exchange gain (loss), net	(10)	(2,882)	3,591
Other expense, net	(1,870)	(532)	(1,944)
Loss from partially owned entities	(111)	(1,069)	(1,363)
Gain from sale of partially owned entities	4,297	0	0
Impairment of partially owned entities	0	0	(6,496)
Income before income tax benefit (expense)	43,005	44,366	8,785
Income tax benefit (expense):
Current	(5,544)	467	(13,051)
Deferred	10,701	3,152	3,658
Total income tax benefit (expense)	5,157	3,619	(9,393)
Net income (loss)	48,162	47,985	(608)
General partners’ interest in net income (loss) attributable to unitholders	47,680	47,505	(602)
Limited partners’ interest in net income (loss) attributable to unitholders	$ 482	$ 480	$ (6)
General partner units outstanding (in shares)	177,180	139,394	68,677
Limited partner units outstanding (in shares)	1,790	1,408	694
General partners' net income (loss) per unit (in USD per share)	$ 0.27	$ 0.34	$ (0.01)
Limited partners' net income (loss) per unit (in USD per share)	0.27	0.34	(0.01)
General partners' distributions declared per unit (in USD per share)	0.82	0.76	0.70
Limited partners' distributions declared per unit (in USD per share)	$ 0.82	$ 0.76	$ 0.70
Americold Realty Operating Partnership, L.P.. \| Operating Segments \| Rent, storage and warehouse services
Revenues:
Revenues:	$ 1,377,217	$ 1,176,912	$ 1,145,662
Operating expenses:
Cost of operations	929,626	802,378	797,334
Americold Realty Operating Partnership, L.P.. \| Operating Segments \| Third-party managed services
Revenues:
Revenues:	252,939	259,034	242,189
Operating expenses:
Cost of operations	241,178	244,274	229,364
Americold Realty Operating Partnership, L.P.. \| Operating Segments \| Transportation services
Revenues:
Revenues:	144,844	158,790	146,070
Operating expenses:
Cost of operations	126,777	143,055	133,120
Americold Realty Operating Partnership, L.P.. \| Operating Segments \| Other
Revenues:
Revenues:	8,705	8,899	9,666
Operating expenses:
Cost of operations	$ 7,867	$ 8,279	$ 9,664

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net income (loss) attributable to Americold Realty Trust	$ 48,162	$ 47,985	$ (608)
Other comprehensive (loss) income - net of tax:
Adjustment to accrued pension liability	3,269	(901)	5,754
Change in unrealized net (loss) gain on foreign currency	(3,388)	(11,640)	4,444
Unrealized (loss) gain on cash flow hedge	(1,492)	256	116
Other comprehensive (loss) income attributable to Americold Realty Trust	(1,611)	(12,285)	10,314
Total comprehensive income	46,551	35,700	9,706
Americold Realty Operating Partnership, L.P..
Net income (loss) attributable to Americold Realty Trust	48,162	47,985	(608)
Other comprehensive (loss) income - net of tax:
Adjustment to accrued pension liability	3,269	(901)	5,754
Change in unrealized net (loss) gain on foreign currency	(3,388)	(11,640)	4,444
Unrealized (loss) gain on cash flow hedge	(1,492)	256	116
Other comprehensive (loss) income attributable to Americold Realty Trust	(1,611)	(12,285)	10,314
Total comprehensive income	$ 46,551	$ 35,700	$ 9,706

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements of Shareholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Series A	Series B	Preferred Shares of Beneficial Interest Series A	Preferred Shares of Beneficial Interest Series A Series A	Common Stock	Paid-in Capital	Paid-in Capital Series A	Paid-in Capital Series B	Accumulated Deficit and Distributions in Excess of Net Earnings	Accumulated Deficit and Distributions in Excess of Net Earnings Series A	Accumulated Deficit and Distributions in Excess of Net Earnings Series B	Accumulated Other Comprehensive (Loss)	Americold Realty Operating Partnership, L.P..	Accumulated Other Comprehensive (Loss) Americold Realty Operating Partnership, L.P..	Limited Partners’ Capital Americold Realty Operating Partnership, L.P..	General Partners’ Capital Americold Realty Operating Partnership, L.P..
Beginning balance (in shares) at Dec. 31, 2016				125		69,370,609
Beginning balance at Dec. 31, 2016	$ (149,455)			$ 0		$ 694	$ 392,591			$ (532,196)			$ (10,544)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(608)									(608)				$ (608)		$ (6)	$ (602)
Other comprehensive income (loss)	10,314												10,314	10,314	$ 10,314
Distribution on preferred shares of beneficial interest		$ (16)	$ (28,436)								$ (16)	$ (28,436)
Distributions on common shares	(20,214)									(20,214)
Accretion on preferred shares of beneficial interest - Series B			(867)						$ (867)
Share-based compensation expense (Stock Options and Restricted Stock Units)	2,358						2,358							2,358		24	2,334
Ending balance (in shares) at Dec. 31, 2017				125		69,370,609
Beginning balance at Dec. 31, 2016														222,472	(10,544)	$ 2,329	$ 230,687
Beginning balance (in shares) at Dec. 31, 2016																693,706	68,676,903
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	(608)									(608)				(608)		$ (6)	$ (602)
Other comprehensive income (loss)	10,314												10,314	10,314	10,314
Distributions to parent														(48,666)		(487)	(48,179)
Share-based compensation expense	2,358						2,358							2,358		24	2,334
Ending balance at Dec. 31, 2017														185,870	(230)	$ 1,860	$ 184,240
Ending balance (in shares) at Dec. 31, 2017																693,706	68,676,903
Ending balance at Dec. 31, 2017	(186,924)			$ 0		$ 694	394,082			(581,470)			(230)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	47,985									47,985				47,985		$ 480	$ 47,505
Other comprehensive income (loss)	(9,492)												(9,492)	(9,492)	(9,492)
Distribution on preferred shares of beneficial interest			$ (1,817)									$ (1,817)
Distribution on preferred shares of beneficial interest - Series A		$ (134)						$ (133)			$ (1)
Distribution on preferred shares of beneficial interest (in shares)					(125)
Distributions on common shares	(104,976)									(104,976)
Share-based compensation expense (Stock Options and Restricted Stock Units)	8,556						8,556							10,598		106	10,492
Share-based compensation expense (modification of Restricted Stock Units)	2,042						2,042
Common share issuance related to share-based payment plans, net of shares withheld for employee taxes	2,667					$ 18	2,649
Common stock issuance related to share-based payment plans, net of shares withheld for employee taxes (in shares)						1,847,274
Warrants exercise	0					$ 64	(64)
Warrants exercise (in shares)						6,426,818
Issuance of common shares	577,338					$ 374	576,964
Issuance of common shares (in shares)						37,350,000
Conversion of mezzanine Series B Preferred shares	372,791					$ 332	372,459
Conversion of Series B Preferred shares (in shares)						33,240,258
Other	(1,281)						(422)			1,934			(2,793)	(1,281)	(2,793)	15	1,497
Ending balance (in shares) at Dec. 31, 2018				0		148,234,959
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	47,985									47,985				47,985		480	47,505
Other comprehensive income (loss)	(9,492)												(9,492)	(9,492)	(9,492)
Distributions to parent														(106,927)		(1,069)	(105,858)
Contributions to partners’ capital														580,002		$ 5,800	$ 574,202
Contributions to partners' capital (in shares)																788,644	78,075,706
Other	(1,281)						(422)			1,934			(2,793)	(1,281)	(2,793)	$ 15	$ 1,497
Share-based compensation expense	8,556						8,556							10,598		106	10,492
Ending balance at Dec. 31, 2018														706,755	(12,515)	$ 7,192	$ 712,078
Ending balance (in shares) at Dec. 31, 2018																1,482,350	146,752,609
Ending balance at Dec. 31, 2018	706,755			$ 0		$ 1,482	1,356,133			(638,345)			(12,515)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	48,162									48,162				48,162		$ 482	$ 47,680
Other comprehensive income (loss)	(1,611)												(1,611)	(1,611)	(1,611)
Distributions on common shares	(146,590)									(146,590)
Share-based compensation expense (Stock Options and Restricted Stock Units)	12,822						12,822							15,866		159	15,707
Share-based compensation expense (modification of Restricted Stock Units)	3,044						3,044
Common share issuance related to share-based payment plans, net of shares withheld for employee taxes	3,476					$ 15	3,461
Common stock issuance related to share-based payment plans, net of shares withheld for employee taxes (in shares)						1,502,450
Issuance of common shares	1,207,048					$ 421	1,206,627
Issuance of common shares (in shares)						42,062,500
Other	(88)						0			(88)			0	(88)	0	(1)	(87)
Ending balance (in shares) at Dec. 31, 2019				0		191,799,909
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	48,162									48,162				48,162		482	47,680
Other comprehensive income (loss)	(1,611)												(1,611)	(1,611)	(1,611)
Distributions to parent														(146,590)		(1,466)	(145,124)
Contributions to partners’ capital														1,210,524		$ 12,105	$ 1,198,419
Contributions to partners' capital (in shares)																435,649	43,129,301
Other	(88)						0			(88)			0	(88)	0	$ (1)	$ (87)
Share-based compensation expense	12,822						12,822							15,866		159	15,707
Ending balance at Dec. 31, 2019														$ 1,833,018	$ (14,126)	$ 18,471	$ 1,828,673
Ending balance (in shares) at Dec. 31, 2019																1,917,999	189,881,910
Ending balance at Dec. 31, 2019	$ 1,833,018			$ 0		$ 1,918	$ 2,582,087			$ (736,861)			$ (14,126)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019
Operating activities:
Net income (loss) attributable to Americold Realty Trust	$ 48,162	$ 47,985	$ (608)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization	163,348	117,653	116,741
Amortization of deferred financing costs and pension withdrawal liability	6,028	6,177	8,604
Amortization of above/below market leases	151	151	151
Loss on debt extinguishment and modification, non-cash	0	28,446	400
Foreign exchange (gain) loss	(10)	(2,882)	3,591
Loss from and impairment of investments in partially owned entities	111	1,069	7,859
Gain from sale of partially owned entities	(4,297)	0	0
Share-based compensation expense (Stock Options and Restricted Stock Units)	12,822	8,639	2,358
Share-based compensation expense (Modification of Restricted Stock Units)	3,044	2,042	0
Deferred tax benefit	(10,701)	(3,152)	(3,658)
Loss (gain) from sale of real estate	34	(7,471)	(43)
Loss (gain) on other asset disposals	870	(152)	(107)
Impairment of long-lived assets and inventory	13,485	747	11,581
Multi-employer pension plan withdrawal expense	0	0	9,134
Provision for doubtful accounts receivable	1,218	2,324	1,229
Changes in operating assets and liabilities:
Accounts receivable	(3,681)	(1,940)	1,597
Accounts payable and accrued expenses	841	(5,219)	18,202
Other	4,764	(6,246)	(13,704)
Net cash provided by operating activities	236,189	188,171	163,327
Investing activities:
Return of investment in joint venture	2,000	0	0
Proceeds from sale of investments in partially owned entities	14,250	0	0
Proceeds from sale of property, buildings and equipment	1,151	19,513	10,163
Business combinations, net of cash acquired	(1,319,905)	0	0
Additions to property, buildings and equipment	(217,214)	(145,216)	(148,994)
Net cash used in investing activities	(1,604,934)	(125,703)	(138,831)
Financing activities:
Distributions paid on common shares	(135,443)	(76,523)	(20,214)
Proceeds from revolving line of credit	100,000	0	34,000
Repayment of revolving line of credit	(100,000)	0	(62,000)
Proceeds from stock options exercised	10,204	14,842	0
Tax withholdings related to net share settlements of certain stock awards	(7,063)	(12,680)	0
Payment of underwriters’ costs	0	(8,205)	0
Reimbursement of underwriters’ costs	0	8,952	0
Repayment of sale-leaseback financing obligations	(3,161)	(2,595)	(2,100)
Repayment of financing lease obligations	(13,339)	(10,360)	(8,429)
Payment of debt issuance costs	(2,062)	(16,563)	(4,212)
Repayment of term loans, mortgage notes, notes payable and construction loans	(10,392)	(1,522,347)	(56,868)
Proceeds from senior unsecured notes	350,000	600,000	0
Proceeds from term loans	0	525,000	110,000
Proceeds from construction loans	0	1,097	19,671
Net proceeds from initial and follow-on public offerings	1,206,627	586,275	0
Net cash provided by (used in) financing activities	1,395,371	84,942	(18,604)
Net increase in cash, cash equivalents and restricted cash	26,626	147,410	5,892
Effect of foreign currency translation on cash, cash equivalents and restricted cash	(110)	(3,276)	1,141
Cash, cash equivalents and restricted cash:
Beginning of period	214,097	69,963	62,930
End of period	240,613	214,097	69,963
Supplemental disclosures of cash flows information:
Acquisition of fixed assets under financing lease obligations	30,416	13,290	18,614
Acquisition of fixed assets under operating lease obligations	12,492	0	0
Interest paid – net of amounts capitalized	68,016	85,595	106,557
Income taxes paid – net of refunds	2,207	5,509	11,854
Acquisition of property, buildings and equipment on accrual	51,335	18,799	20,942
Reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets to the ending cash, cash equivalents and restricted cash balances above:
Cash and cash equivalents				$ 234,303
Restricted cash				6,310
Total cash, cash equivalents and restricted cash	240,613	69,963	62,930	240,613
Allocation of purchase price of property, buildings and equipment to:
Property, plant and equipment		13,800
Additions	269,164	0
Allocation of purchase price to business combinations:
Goodwill				318,483
Series A
Financing activities:
Distributions paid on beneficial interest shares – preferred – Series A	0	(134)	(16)
Series B
Financing activities:
Distributions paid on beneficial interest shares – preferred – Series B	0	(1,817)	(28,436)
Americold Realty Operating Partnership, L.P..
Operating activities:
Net income (loss) attributable to Americold Realty Trust	48,162	47,985	(608)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization	163,348	117,653	116,741
Amortization of deferred financing costs and pension withdrawal liability	6,028	6,177	8,604
Amortization of above/below market leases	151	151	151
Loss on debt extinguishment and modification, non-cash	0	28,446	400
Foreign exchange (gain) loss	(10)	(2,882)	3,591
Loss from and impairment of investments in partially owned entities	111	1,069	7,859
Gain from sale of partially owned entities	(4,297)	0	0
Share-based compensation expense (Stock Options and Restricted Stock Units)	12,822	8,639	0
Share-based compensation expense (Modification of Restricted Stock Units)	3,044	2,042	2,358
Deferred tax benefit	(10,701)	(3,152)	(3,658)
Loss (gain) from sale of real estate	34	(7,471)	(43)
Loss (gain) on other asset disposals	870	(152)	(107)
Impairment of long-lived assets and inventory	13,485	747	11,581
Multi-employer pension plan withdrawal expense	0	0	9,134
Provision for doubtful accounts receivable	1,218	2,324	1,229
Changes in operating assets and liabilities:
Accounts receivable	(3,681)	(1,940)	1,597
Accounts payable and accrued expenses	841	(5,219)	18,202
Other	4,764	(6,246)	(13,704)
Net cash provided by operating activities	236,189	188,171	163,327
Investing activities:
Return of investment in joint venture	2,000	0	0
Proceeds from sale of investments in partially owned entities	14,250	0	0
Proceeds from sale of property, buildings and equipment	1,151	19,513	10,163
Business combinations, net of cash acquired	(1,319,905)	0	0
Additions to property, buildings and equipment	(217,214)	(145,216)	(148,994)
Net cash used in investing activities	(1,604,934)	(125,703)	(138,831)
Financing activities:
Distributions to parent	(135,443)	(86,679)	(48,666)
Proceeds from revolving line of credit	100,000	0	34,000
Repayment of revolving line of credit	(100,000)	0	(62,000)
Repayment of sale-leaseback financing obligations	(3,161)	(2,595)	(2,100)
Repayment of financing lease obligations	(13,339)	(10,360)	(8,429)
Payment of debt issuance costs	(2,062)	(16,563)	(4,212)
Repayment of term loans, mortgage notes, notes payable and construction loans	(10,392)	(1,522,347)	(56,868)
Proceeds from senior unsecured notes	350,000	600,000	0
Proceeds from term loans	0	525,000	110,000
Proceeds from construction loans	0	1,097	19,671
General partner contributions	1,209,768	597,389	0
Net cash provided by (used in) financing activities	1,395,371	84,942	(18,604)
Net increase in cash, cash equivalents and restricted cash	26,626	147,410	5,892
Effect of foreign currency translation on cash, cash equivalents and restricted cash	(110)	(3,276)	1,141
Cash, cash equivalents and restricted cash:
Beginning of period	214,097	69,963	62,930
End of period	240,613	214,097	69,963
Supplemental disclosures of cash flows information:
Acquisition of fixed assets under financing lease obligations	30,416	13,290	18,614
Acquisition of fixed assets under operating lease obligations	12,492	0	0
Interest paid – net of amounts capitalized	68,016	85,595	106,557
Income taxes paid – net of refunds	2,207	5,509	11,854
Acquisition of property, buildings and equipment on accrual	51,335	18,799	20,942
Reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets to the ending cash, cash equivalents and restricted cash balances above:
Cash and cash equivalents				234,303
Restricted cash				6,310
Total cash, cash equivalents and restricted cash	240,613	69,963	$ 69,963	240,613
Allocation of purchase price to business combinations:
Goodwill				318,483
PortFresh Holdings LLC and MHW Group Inc.
Investing activities:
Acquisitions of property, buildings and equipment, net of cash acquired	(86,810)
Allocation of purchase price of property, buildings and equipment to:
Operating and finance lease right-of-use assets	4,620
Additions	854
Cash and cash equivalents	1,594
Other assets and liabilities, net	(17)
Operating and finance lease obligations	(4,620)
PortFresh Holdings LLC and MHW Group Inc. \| Americold Realty Operating Partnership, L.P..
Investing activities:
Acquisitions of property, buildings and equipment, net of cash acquired	(86,810)
Allocation of purchase price of property, buildings and equipment to:
Operating and finance lease right-of-use assets	4,620
Additions	854
Cash and cash equivalents	1,594
Other assets and liabilities, net	(17)
Operating and finance lease obligations	(4,620)
Cloverleaf and Lanier Cold Storage
Allocation of purchase price to business combinations:
Land				65,074
Building and improvements				706,795
Machinery and equipment				162,389
Assets under construction				16,974
Operating and finance lease right-of-use assets				1,336
Cash and cash equivalents				4,977
Restricted cash				526
Accounts receivable				22,959
Goodwill				132,371
Other assets				7,127
Accounts payable and accrued expenses				(45,000)
Notes payable				(3,878)
Operating and finance lease obligations				(1,336)
Unearned revenue				(3,536)
Deferred tax liability				(9,626)
Total consideration				1,325,408
Cloverleaf and Lanier Cold Storage \| Americold Realty Operating Partnership, L.P..
Allocation of purchase price to business combinations:
Land				65,074
Building and improvements				706,795
Machinery and equipment				162,389
Assets under construction				16,974
Operating and finance lease right-of-use assets				1,336
Cash and cash equivalents				4,977
Restricted cash				526
Accounts receivable				22,959
Goodwill				132,371
Other assets				7,127
Accounts payable and accrued expenses				(45,000)
Notes payable				(3,878)
Operating and finance lease obligations				(1,336)
Unearned revenue				(3,536)
Deferred tax liability				(9,626)
Total consideration				1,325,408
Customer Relationships
Allocation of purchase price of property, buildings and equipment to:
Additions	266,633	0
Customer Relationships \| Cloverleaf and Lanier Cold Storage
Allocation of purchase price to business combinations:
Acquired identifiable intangibles				266,633
Customer Relationships \| Cloverleaf and Lanier Cold Storage \| Americold Realty Operating Partnership, L.P..
Allocation of purchase price to business combinations:
Acquired identifiable intangibles				266,633
Trademarks and Trade Names
Allocation of purchase price of property, buildings and equipment to:
Additions	1,623	$ 0
Trademarks and Trade Names \| Cloverleaf and Lanier Cold Storage
Allocation of purchase price to business combinations:
Acquired identifiable intangibles				1,623
Trademarks and Trade Names \| Cloverleaf and Lanier Cold Storage \| Americold Realty Operating Partnership, L.P..
Allocation of purchase price to business combinations:
Acquired identifiable intangibles				$ 1,623
Land \| PortFresh Holdings LLC and MHW Group Inc.
Allocation of purchase price of property, buildings and equipment to:
Property, plant and equipment	23,439
Land \| PortFresh Holdings LLC and MHW Group Inc. \| Americold Realty Operating Partnership, L.P..
Allocation of purchase price of property, buildings and equipment to:
Property, plant and equipment	23,439
Buildings and improvements \| PortFresh Holdings LLC and MHW Group Inc.
Allocation of purchase price of property, buildings and equipment to:
Property, plant and equipment	41,913
Buildings and improvements \| PortFresh Holdings LLC and MHW Group Inc. \| Americold Realty Operating Partnership, L.P..
Allocation of purchase price of property, buildings and equipment to:
Property, plant and equipment	41,913
Machinery and equipment \| PortFresh Holdings LLC and MHW Group Inc.
Allocation of purchase price of property, buildings and equipment to:
Property, plant and equipment	19,027
Machinery and equipment \| PortFresh Holdings LLC and MHW Group Inc. \| Americold Realty Operating Partnership, L.P..
Allocation of purchase price of property, buildings and equipment to:
Property, plant and equipment	$ 19,027

Business Combination BusinessCombinationsAbstract

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Business Combinations

Acquisition of Cloverleaf

The Company completed the acquisition of privately-held Cloverleaf on May 1, 2019. A summary of the preliminary fair values of the assets acquired and liabilities assumed for total cash consideration of $1.24 billion, as well as adjustments made during 2019 (referred to as “measurement period adjustments”), is as follows (in thousands):



	Amounts Recognized as of the Acquisition Date		Measurement Period Adjustments ⁽¹⁾			Amounts Recognized as of the Acquisition Date (as Adjusted)⁽²⁾
Assets
Land	$	59,363	$	1,131		$	60,494
Buildings and improvements	687,821		(19,670		)	668,151
Machinery and equipment	144,825		822			145,647
Assets under construction	20,968		(3,994		)	16,974
Operating lease right-of-use assets	1,254		—			1,254
Cash and cash equivalents	4,332		—			4,332
Restricted cash	—		526			526
Accounts receivable	21,358		220			21,578
Goodwill	107,643		18,297			125,940
Acquired identifiable intangibles:
Customer relationships	241,738		8,608			250,346
Trade names and trademarks	1,623		—			1,623
Other assets	18,720		(11,668		)	7,052
Total assets	1,309,645		(5,728		)	1,303,917
Liabilities
Accounts payable and accrued expenses	30,905		12,598			43,503
Notes payable	17,179		(13,301		)	3,878
Operating lease obligations	1,254		—			1,254
Unearned revenue	3,536		—			3,536
Pension and postretirement benefits	2,020		(2,020		)	—
Deferred tax liability	9,063		(195		)	8,868
Total liabilities	63,957		(2,918		)	61,039
Total consideration for Cloverleaf acquisition	$	1,245,688	$	(2,810	)	$	1,242,878

⁽¹⁾ The measurement period adjustments recorded in 2019 did not have a significant impact on our Consolidated Statements of Operations for the year ended December 31, 2019.

⁽²⁾ The measurement period adjustments were primarily due to refinements to third party appraisals and carrying amounts of certain assets and liabilities, as well as adjustments to certain tax accounts based on, among other things, adjustments to deferred tax liabilities. The net impact of the measurement period adjustments results in a net increase to goodwill.

As the valuation of certain assets and liabilities for purposes of purchase price allocations are preliminary in nature, they are subject to adjustment as additional information is obtained about the facts and circumstances regarding these

assets and liabilities that existed at the acquisition date. Any adjustments to our estimates of purchase price allocation will be made in the periods in which the adjustments are determined and the cumulative effect of such adjustments will be calculated as if the adjustments had been completed as of the acquisition dates. Adjustments recorded subsequent to the acquisition date are detailed in the table above, and were not material to the Consolidated Balance Sheets, the Consolidated Statements of Operations or the Consolidated Statements of Cash Flows. The preliminary purchase price allocation will be finalized within one year from the date of acquisition.

As shown above, the Company recorded approximately $125.9 million of goodwill related to the Cloverleaf Acquisition. The strategic benefits of the acquisition include the Company’s ability to add complementary customers into its network, provide an opportunity for growth in the Central and Southeast markets, deepen existing customer relationships, provide three expansion opportunities that are already under construction and leverage integration experience to drive synergies and further enhance the warehouse network for new and existing customers. These factors contributed to the goodwill that was recorded upon consummation of the transaction. The Cloverleaf acquisition was completed through the acquisition of both stock and partnership units; the acquisition of partnership units allowed a portion of the goodwill recorded as a result of the Cloverleaf Acquisition to be deductible for federal income tax purposes. The goodwill related to the Cloverleaf Acquisition has been substantially assigned to the Warehouse segment, with a de minimis amount assigned to the Transportation segment. Deferred taxes may not be recorded for deductible goodwill unless the tax basis in goodwill exceeds the book basis, and the Company has not recorded any deferred taxes as a result. Deductible goodwill will be available to reduce taxable income for both the REIT and its domestic TRS.

Also shown above, in connection with the Cloverleaf Acquisition the Company recorded an intangible asset of approximately $250.3 million for customer relationships which has been assigned a useful life of 25 years, and approximately $1.6 million for trade names and trademarks which has been assigned a useful life of 1.5 years. These intangible assets will be amortized on a straight-line basis over their respective useful lives. Based on the discussion under goodwill above, the Cloverleaf Acquisition resulted in federal income tax deductibility for a portion of the intangible assets. The deductible intangible assets will be available to reduce taxable income for both the REIT and its domestic TRS. The Company has recorded a deferred tax liability of $1.9 million for intangible assets.

The unaudited pro forma financial information set forth below is based on the historical Consolidated Statements of Operations for the years ended December 31, 2019 and 2018, adjusted to give effect to the Cloverleaf Acquisition as if it had occurred on January 1, 2018. The pro forma adjustments primarily relate to acquisition expenses, depreciation expense on acquired assets, amortization of acquired intangibles, and estimated interest expense related to financing transactions, the proceeds of which were used to fund the acquisition of Cloverleaf.

On March 1, 2019, Cloverleaf acquired Zero Mountain, Inc. and Subsidiaries (Zero Mountain). As a result, we have included the results of operations of Zero Mountain in the below pro forma financial information. The pro forma adjustments made include the acquisition expenses incurred in connection with Cloverleaf’s acquisition of Zero Mountain.

The accompanying unaudited pro forma consolidated financial statements exclude the results of the Lanier acquisition, which was deemed immaterial. These statements are provided for illustrative purposes only and do not purport to represent what the actual Consolidated Statements of Operations of the Company or the Operating Partnership would have been had the Cloverleaf Acquisition occurred on the dates assumed, nor are they necessarily indicative of what the results of operations would be for any future periods.

Americold Realty Trust and Subsidiaries



	Pro forma (unaudited)
	(in thousands, except per share data)
	Years Ended December 31,
	2019		2018
Total revenue	$	1,859,265	$	1,829,048
Net income available to common shareholders⁽¹⁾	$	52,026	$	(3,232	)
Net income per share, diluted⁽²⁾	$	0.27	$	(0.02	)

Americold Realty Operating Partnership, L.P. and Subsidiaries



	Pro forma (unaudited)
	(in thousands, except per share data)
	Years Ended December 31,
	2019		2018
Total revenue	$	1,859,265	$	1,829,048
Net income available to common unitholders⁽¹⁾	$	52,026	$	(3,232	)
Net income per unit, diluted⁽²⁾	$	0.27	$	(0.02	)

⁽¹⁾ Pro forma net income available to common shareholders was adjusted to exclude $26.6 million of acquisition related costs incurred by the Company during the year ended December 31, 2019, and to include these charges in pro forma net income for the year ended December 31, 2018.

⁽²⁾Adjusted to give effect to the issuance of approximately 42.1 million common shares in connection with the Cloverleaf Acquisition.

Since the date of acquisition, total revenues of approximately $152.8 million and net income of approximately $9.0 million associated with properties and operations acquired in the Cloverleaf Acquisition are included in the Consolidated Statements of Operations for the year ended December 31, 2019.

Acquisition of Lanier

The Company completed the acquisition of privately-held Lanier on May 1, 2019 for total cash consideration of $81.9 million, net of cash received. The allocation of consideration primarily included $60.0 million of property, buildings and equipment, $6.4 million of goodwill, and $16.3 million of customer relationship intangible assets. The customer relationship asset has been assigned a useful life of twenty-five years and will be amortized on a straight-line basis. The goodwill recorded is primarily attributable to the strategic benefits of the acquisition including the increased presence in the north Georgia poultry market and leveraging integration experience to drive synergies and further enhance the warehouse network for new and existing customers. The Lanier acquisition was completed through the acquisition of both stock and partnership units; the acquisition of partnership units allowed a portion of the goodwill recorded to be deductible for federal income tax purposes. Deferred taxes may not be recorded for deductible goodwill unless the tax basis exceeds the book basis, and the Company has not recorded any deferred taxes as a result. Deductible goodwill will be available to reduce taxable income at both the REIT and its domestic TRS. Adjustments recorded subsequent to the acquisition date were not material to the Consolidated Balance Sheets, the Consolidated Statements of Operations or the Consolidated Statements of Cash Flows. The preliminary purchase price allocation will be finalized within one year from the date of acquisition. We have included the financial results of the acquired operations in our Warehouse segment since the date of the acquistion.

Description of the Business

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business

Description of the Business

The Company

Americold Realty Trust, together with its subsidiaries (ART, the Company, or we) is a real estate investment trust (REIT) organized under Maryland law.

During 2010, the Company formed a Delaware limited partnership, Americold Realty Operating Partnership, L.P. (the Operating Partnership), and transferred substantially all of its interests in entities and associated assets and liabilities to the Operating Partnership. This structure is commonly referred to as an umbrella partnership REIT or an UPREIT structure. The REIT is the sole general partner of the Operating Partnership, owning 99% of the common general partnership interests as of December 31, 2019. Americold Realty Operations, Inc., a Delaware corporation and wholly-owned subsidiary of the REIT, is the sole limited partner of the Operating Partnership, owning 1% of the common general partnership interests as of December 31, 2019. As the sole general partner of the Operating Partnership, the REIT has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership.

No limited partner shall be liable for any debts, liabilities, contracts or obligations of the Operating Partnership. A limited partner shall be liable to the Operating Partnership only to make payments of capital contribution, if any, as and when due. After a capital contribution is fully paid, no limited partner shall, except as otherwise may be legally required under Delaware law, be required to make any further contribution or other payments or lend any funds to the Operating Partnership. The limited partners of the Operating Partnership do not have rights to replace Americold Realty Trust as the general partner nor do they have participating rights, although they do have certain protective rights.

During the third quarter of 2019, the Company granted Operating Partnership Profit Units (OP Units) to certain members of the Board of Trustees of the Company, which are described further in Note 17. Upon vesting, these units will represent noncontrolling interests in the Operating Partnership that are not owned by Americold Realty Trust. The Company expects that the expense associated with the OP Units in the Operating Partnership will be immaterial to the consolidated financial statements of the Company and the Operating Partnership.

The Operating Partnership includes numerous qualified REIT subsidiaries (QRSs). Additionally, the Operating Partnership conducts various business activities in the United States (U.S.), Australia, New Zealand, Argentina, and Canada through several wholly owned taxable REIT subsidiaries (TRSs).

Business and Industry Information

The Company is the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses. The Company is organized as a self-administered and self-managed REIT with proven operating, acquisition and development experience. As of December 31, 2019, the Company operated a global network of 178 temperature-controlled warehouses, with 160 warehouses in the United States, six warehouses in Australia, seven warehouses in New Zealand, two warehouses in Argentina and three warehouses in Canada. The Company also owns and operates a limestone quarry.

The Company provides its customers with technological tools to review real-time detailed inventory information via the Internet. In addition, the Company manages customer-owned warehouses for which it earns fixed and incentive fees.

Ownership

Pre-Initial Public Offering (IPO)

Prior to the IPO on January 23, 2018, YF ART Holdings, a partnership among investment funds affiliated with The Yucaipa Companies (Yucaipa) and Fortress Investment Group, LLC (Fortress), owned approximately 100% of the Company’s common shares of beneficial interest. In addition, affiliates of The Goldman Sachs Group, Inc. (Goldman) owned 325,000 Series B Preferred Shares, which were converted to 28,808,224 common shares in connection with the IPO.

In connection with the IPO, China Merchants Holds International Company (CMHI), as defined in Note 4, converted their Series B Preferred Shares into 4,432,034 common shares of the Company. After giving effect to the full exercise of the underwriters’ option to purchase additional common shares during the IPO, CMHI owned approximately 3.1% of the Company’s common shares.

Initial Public Offering

On January 23, 2018, we completed an initial public offering of our common shares, or IPO, in which we issued and sold 33,350,000 of our common shares, including 4,350,000 common shares pursuant to the exercise in full of the underwriters’ option to purchase additional common shares. The common shares sold in the offering were registered under the Securities Act pursuant to our Registration Statement on Form S-11 (File No. 333-221560), as amended, which was declared effective by the SEC on January 18, 2018. The common shares were sold at an initial offering price of $16.00 per share, which generated net proceeds of approximately $493.6 million to us, after deducting underwriting fees and other offering costs of approximately $40.0 million. We primarily used the net proceeds from the IPO to repay (i) $285.1 million of indebtedness outstanding under our Senior Secured Term Loan B Facility, including $3.0 million of accrued and unpaid interest and closing expense of $0.2 million (ii) $20.9 million of indebtedness outstanding under our Clearfield, Utah and Middleboro, Massachusetts construction loans, including a nominal amount of accrued and unpaid interest; and (iii) to pay a stub period dividend totaling $3.1 million to the holders of record of our common shares, Series A Preferred Shares and Series B Preferred Shares as of January 22, 2018. Holders of the Series A Preferred Shares also received a redemption payment from the offering proceeds of $0.1 million. The remaining $184.4 million net proceeds from the IPO were used for general corporate purposes.

The following is a list of other significant events that occurred in connection with the IPO:


•	All outstanding Series A Preferred Shares were redeemed resulting in a cash payment of approximately $0.1 million, including accrued and unpaid dividends;


•	All outstanding Series B Preferred Shares were converted into an aggregate of 33,240,258 common shares resulting in a cash payment of approximately $1.2 million of accrued and unpaid dividends.


•	The cashless exercise by YF ART Holdings GP, LLC, an affiliate of Yucaipa (YF ART Holdings), of all outstanding warrants to purchase 18,574,619 common shares, exercisable at a price of $9.81 per share, into an aggregate of 6,426,818 common shares based on a deemed valuation of $15.00 per share pursuant to the terms of the warrants;

•

The issuance of new senior secured credit facilities (2018 Senior Secured Credit Facilities), consisting of a five-year, $525.0 million senior secured term loan A facility (Senior Secured Term Loan A Facility), with net proceeds of $517.0 million, and a three-year, $400.0 million senior secured revolving credit facility (2018 Senior Secured Revolving Credit Facility). The 2018 Senior Secured Credit Facility also had an additional

$400.0 million accordion option. Upon the completion of the IPO, $525.0 million was outstanding under the Company’s Senior Secured Term Loan A Facility and no borrowings were outstanding under the Company’s 2018 Senior Secured Revolving Credit Facility. During the month following the IPO, the Company paid $50 million of principal on the Senior Secured Term Loan A Facility, resulting in an outstanding balance of $475.0 million.

September 2018 Follow-On Public Offering

On September 18, 2018, the Company completed a follow-on public offering of 4,000,000 of its common shares at a public offering price of $24.50 per share, which generated net proceeds of approximately $92.5 million to the Company after deducting the underwriting discount and estimated offering expenses payable by the Company, and an additional 6,000,000 common shares that are subject to a forward sale agreement to be settled by September 2020. The term was extended from its original settlement of September 2019. The Company did not initially receive any proceeds from the sale of the common shares subject to the forward sale agreement that were sold by the forward purchaser or its affiliate. The Company accounts for the 2018 forward contract as equity and therefore is exempt from derivative and fair value accounting. Before the issuance of the Company’s common shares, if any, upon physical or net share settlement of the 2018 forward sale agreement, the Company expects that the common shares issuable upon settlement of the 2018 forward sale agreement will be reflected in its diluted earnings per share calculations using the treasury stock method. Under this method, the number of the Company’s common shares used in calculating diluted earnings per share is deemed to be increased by the excess, if any, of the number of common shares that would be issued upon full physical settlement of the 2018 forward sale agreement less the number of common shares that could be purchased by the Company in the market (based on the average market price during the period) using the proceeds receivable upon full physical settlement (based on the adjusted forward sale price at the end of the reporting period). If and when the Company physically or net share settles the 2018 forward sale agreement, the delivery of the Company’s common shares would result in an increase in the number of common shares outstanding and dilution to our earnings per share. As of December 31, 2019, the Company has not settled any portion of the 2018 forward sale agreement. Additionally, in connection with the the follow-on public offering, YF ART Holdings GP, LLC (YF ART Holdings), a partnership among investment funds affiliated with Yucaipa, sold 16.5 million common shares, affiliates of Goldman sold approximately 9.1 million common shares, and affiliates of Fortress sold approximately 7.2 million common shares.

Other Capital Markets Activity in 2018

On February 6, 2018, we amended the Credit Agreement with the lenders of our 2018 Senior Revolving Credit Facility to increase the aggregate revolving credit commitments on this facility by $50.0 million to $450.0 million. Concurrently, we utilized cash on hand to repay $50.0 million on our Senior Secured Term Loan A facility. As a result of these modifications, our total aggregate commitments under our 2018 Senior Credit Facilities remained unchanged at $925.0 million.

On March 8, 2018, YF ART Holdings used the proceeds from a margin loan to pay in full the outstanding preferred investment, including the preferred return thereon, of Fortress, which ceased to be a limited partner in YF ART Holdings and no longer has any economic interest therein. As of December 31, 2018, YF ART Holdings owned approximately 25.9% of the Company’s common shares.

On December 4, 2018, the Company recast its 2018 Senior Credit Facilities (2018 Senior Unsecured Credit Facility) to, among other things, (i) increase the revolver borrowing capacity from $450 million to $800 million, (ii) convert the credit facility (term loan and revolver) from a secured credit facility to an unsecured credit facility, and (iii) decrease the applicable interest rate margins from 2.35% to 1.45% and decrease the fee on unused borrowing capacity by 5 basis points. Refer to Note 10 for further details.

March 2019 Secondary Public Offering

In March 2019, the Company completed a secondary public offering in which certain funds affiliated with YF ART Holdings and Goldman sold their remaining interest in the Company of 38,422,583 and 8,061,228 common shares, respectively, at $27.75 per share, which included 6,063,105 shares purchased by the underwriters upon the exercise in full of their option to purchase additional shares. The selling shareholders received proceeds from the offering, which, net of underwriting fees, totaled $1.1 billion. The Company received no proceeds and incurred fees of $1.5 million related to this offering.

April 2019 Follow-On Public Offering

On April 22, 2019, the Company completed a follow-on public offering of 42,062,000 of its common shares, including 6,562,000 common shares pursuant to the exercise in full of the underwriters’ option to purchase additional common shares, at a public offering price of $29.75 per share, which generated net proceeds of approximately $1.21 billion to the Company after deducting the underwriting discount and estimated offering expenses payable by the Company, and an additional 8,250,000 common shares pursuant to the 2019 forward sale agreement, which is expected to be settled within one year. The Company did not initially receive any proceeds from the sale of the common shares subject to the 2019 forward sale agreement that were sold by the forward purchaser or its affiliate. The Company accounts for the 2019 forward contract as equity and therefore is exempt from derivative and fair value accounting. Refer to the above discussion under “September 2018 Follow-On Public Offering” for the earnings per share treatment and the impact as a result of this 2019 forward contract. The proceeds of the follow-on public offering were used to fund a portion of the purchase of Cloverleaf. We used the cash proceeds that we received upon settlement of the 2019 forward sale agreement on January 2, 2020 to fund the Nova Cold Logistics (Nova Cold) acquisition.

At the Market (ATM) Equity Program

On August 26, 2019, the Company entered into an equity distribution agreement pursuant to which we may sell, from time to time, up to an aggregate sales price of $500.0 million of our common shares through the ATM Equity Program. Sales of our common shares made pursuant to the ATM Equity Program may be made in negotiated transactions or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act, including sales made directly on the NYSE, or sales made to or through a market maker other than on an exchange, or as otherwise agreed between the applicable Agent and us. Sales may also be made on a forward basis pursuant to separate forward sale agreements. We intend to use the net proceeds from sales of our common shares pursuant to the ATM Equity Program for general corporate purposes, which may include funding acquisitions and development projects. There were no common shares sold under the ATM Equity Program during 2019.

Acquisitions

On February 1, 2019, the Company acquired PortFresh Holdings, LLC (PortFresh). The Company paid aggregate cash consideration of $35.2 million, net of cash acquired.

On May 1, 2019, the Company entered into an equity purchase agreement to acquire Cloverleaf. The Company refers to the completion of the acquisition of Cloverleaf pursuant to the executed purchase agreement as “the Cloverleaf Acquisition”. The Company paid aggregate cash consideration of approximately $1.24 billion, net of cash acquired. The consideration paid by the Company was funded using net proceeds from the Company’s equity offering that closed on April 22, 2019, along with funds drawn under the Company’s senior unsecured revolving credit facility.

On May 1, 2019, the Company acquired Lanier Cold Storage (Lanier). The Company paid aggregate cash consideration of approximately $81.9 million, net of cash acquired.

On November 19, 2019, the Company acquired MHW Group Inc. (MHW). The Company paid aggregate cash consideration of approximately $50.1 million, net of cash acquired. Additionally, on this date the Company announced the acquisition of Nova Cold which closed in January 2020 for CAD $336.8 million. The Company funded the Nova Cold acquisition using a combination of equity from its April 2019 forward sale agreement, the Company’s revolving credit facility and cash on hand.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation and Principles of Consolidation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (GAAP) and include all of the accounts of Americold Realty Trust and Subsidiaries and the Operating Partnership and the subsidiaries of the Operating Partnership. Intercompany balances and transactions have been eliminated.

The notes to the consolidated financial statements of Americold Realty Trust and the Operating Partnership have been combined to provide the following benefits:


•	enhancing investors’ understanding of the Company and the Operating Partnership by enabling investors to view the business as a whole in the same manner as management views and operates the business;


•	eliminating duplicative disclosure and providing a more streamlined and readable presentation since a substantial portion of the disclosure applies to both the Company and the Operating Partnership; and


•	creating time and cost efficiencies through the preparation of one set of notes instead of two separate sets of notes.

There are a few differences between the Company and the Operating Partnership, which are reflected in these consolidated financial statements and the accompanying notes. We believe it is important to understand the differences between the Company and the Operating Partnership in the context of how we operate as an interrelated consolidated company. Americold Realty Trust’s only material asset is its ownership of partnership interests of the Operating Partnership. As a result, Americold Realty Trust generally does not conduct business itself, other than acting as the sole general partner of the Operating Partnership, issuing public securities from time to time and guaranteeing certain unsecured debt of the Operating Partnership and certain of its subsidiaries and affiliates. Americold Realty Trust itself has not issued any indebtedness but guarantees the unsecured debt of the Operating Partnership and certain of its subsidiaries and affiliates, as disclosed in these notes.

The Operating Partnership holds substantially all the assets of the Company. The Operating Partnership conducts the operations of the business and is structured as a partnership with no publicly traded equity. Except for net proceeds from public equity issuances by Americold Realty Trust, which are generally contributed to the Operating Partnership in exchange for partnership units, the Operating Partnership generally generates the capital required by the Company’s business primarily through the Operating Partnership’s operations, by the Operating Partnership’s or its affiliates’ direct or indirect incurrence of indebtedness or through the issuance of partnership units.

The presentation of shareholders’ equity and partners’ capital are the main areas of difference between the consolidated financial statements of Americold Realty Trust and those of the Operating Partnership. As of December 31, 2019 and for each of the years ended December 31, 2019, 2018 and 2017, the general partner, Americold Realty Trust

held a 99% interest in partnership units, and the limited partner, Americold Realty Operations, Inc. held a 1% interest in partnership units. The general partnership interests held by Americold Realty Trust in the Operating Partnership are presented as general partner’s capital within partners’ capital in the Operating Partnership’s consolidated financial statements and as common stock, additional paid-in capital and accumulated dividends in excess of earnings within shareholders’ equity in Americold Realty Trust’s consolidated financial statements. The limited partnership interests held by Americold Realty Operations, Inc., a wholly owned subsidiary of ART, in the Operating Partnership are presented as limited partners’ capital within partners’ capital in the Operating Partnership’s consolidated financial statements and within equity in Americold Realty Trust’s consolidated financial statements. The differences in the presentations between shareholders’ equity and partners’ capital result from the differences in the equity presented at the Americold Realty Trust and the Operating Partnership levels.

To help investors understand the significant differences between the Company and the Operating Partnership, these consolidated financial statements present the following notes to the consolidated financial statements for each of the Company and the Operating Partnership:

•Debt of the Company and Debt of the Operating Partnership

•Partners’ Capital

•Selected Quarterly Financial Information

In the sections that combine disclosure of Americold Realty Trust and the Operating Partnership, these notes refer to actions or holdings as being actions or holdings of the Company. Although the Operating Partnership is generally the entity that enters into contracts and joint ventures and holds assets and debt, reference to the Company is appropriate because the business is one enterprise and the Company generally operates the business through the Operating Partnership.

Estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Property, Buildings and Equipment

Property, buildings and equipment is stated at cost, less accumulated depreciation. Depreciation is computed on a straight-line basis over the estimated useful lives of the respective assets or, if less, the term of the underlying lease. Depreciation begins in the month an asset is placed into service. Useful lives range from 5 to 43 years for buildings and building improvements and 3 to 12 years for machinery and equipment. For the years ended December 31, 2019, 2018 and 2017, the Company recorded depreciation expense of $153.9 million, $116.0 million and $115.1 million, respectively. Depletion on the limestone quarry is computed by the units-of-production method based on estimated recoverable units. The Company periodically reviews the appropriateness of the estimated useful lives of its long-lived assets.

Costs of normal maintenance and repairs and minor replacements are charged to expense as incurred. When non-real estate assets are sold or otherwise disposed of, the cost and related accumulated depreciation are removed, and any resulting gain or loss is included in “Other expense, net” on the accompanying Consolidated Statements of Operations. Gains or losses from the sale of real estate assets are reported in the accompanying Consolidated Statement of Operations as an operating expense.

Costs incurred to develop software for internal use and purchased software are capitalized and included in “Machinery and equipment” on the accompanying Consolidated Balance Sheets. Capitalized software is amortized over the estimated life of the software which ranges from 3 to 10 years. Amortization of previously capitalized amounts was $6.4 million, $5.2 million and $5.0 million for 2019, 2018 and 2017, respectively, and is included in “Depreciation, depletion and amortization expense” on the accompanying Consolidated Statements of Operations.

Activity in real estate facilities during the years ended December 31, 2019 and 2018 is as follows:



	2019			2018
	(In thousands)
Operating facilities, at cost:
Beginning balance	$	2,575,367		$	2,506,656
Capital expenditures	177,268			50,680
Acquisitions	975,045			—
Newly developed warehouse facilities	21,316			62,353
Disposition	(7,409		)	(30,199		)
Impairment	(12,555		)	(747		)
Conversion of leased assets to owned	—			8,405
Impact of foreign exchange rate changes	557			(21,781		)
Ending balance	3,729,589			2,575,367
Accumulated depreciation:
Beginning balance	(827,892		)	(770,006		)
Depreciation expense	(114,512		)	(87,355		)
Dispositions	6,679			24,672
Impact of foreign exchange rate changes	(697		)	4,797
Ending balance	(936,422		)	(827,892		)
Total real estate facilities	$	2,793,167		$	1,747,475

Non-real estate assets	197,835			92,226
Total property, buildings and equipment and finance leases, net	$	2,991,002		$	1,839,701

The total real estate facilities amounts in the table above include $76.8 million and $80.3 million of assets under sale-leaseback agreements accounted for as a financing lease as of December 31, 2019 and 2018, respectively. The Company does not hold title in these assets under sale-leaseback agreements.

During the second quarter of 2019, the Company sold an idle facility, which was written down earlier in 2019 resulting in an impairment charge of $2.9 million and the write-off of primarily “Buildings and improvements” on the accompanying Consolidated Balance Sheets. During the second quarter of 2018, the Company sold a facility resulting in an $8.4 million gain on sale of real estate and the write-off of primarily “Land” and “Buildings and improvements” on the accompanying Consolidated Balance Sheets. In preparation of the exit of this facility, the Company transferred most of its customers inventory to other owned warehouses within the same region. During the fourth quarter of 2018, the Company disposed of an idle facility resulting in a $0.9 million loss on sale of real estate and the write-off of primarily “Land” and “Buildings and improvement” on the accompanying Consolidated Balance Sheets.

In February 2019, the Company acquired one facility and adjacent land in connection with the PortFresh Acquisition, with total property, buildings and equipment of $35.0 million. In May 2019, the Company acquired 21 facilities in connection with the Cloverleaf Acquisition, with total property, buildings and equipment of $891.3 million. Additionally, in May 2019, the Company acquired two facilities in connection with the Lanier Acquisition, with total property, buildings and equipment of $60.0 million. In November 2019, the Company acquired two facilities in connection with the MHW Acquisition, with total property, buildings and equipment of $49.4 million. During 2018, the Company purchased a portion of a facility that was previously operated under a lease agreement for $13.8 million.

In addition to selling and purchasing facilities, the Company also invested in development projects throughout 2019 and 2018. During the third quarter of 2018, the Company commenced operations in a production-advantaged facility in Middleboro, MA which cost approximately $23.5 million to construct. As of December 31, 2018, the Company was also constructing an automated expansion project at the Rochelle, IL facility. The expansion was completed during the second quarter of 2019, with a total cost of $89.7 million incurred as of December 31, 2019. During 2019, the Company began the “Atlanta Major Market Strategy” which includes the partial redevelopment of an existing warehouse facility. The costs incurred for this ongoing project totaled $30.6 million as of December 31, 2019. During the fourth quarter of 2019, the Company completed expansion projects at two legacy Cloverleaf facilities, Chesapeake, Virginia which totaled $24.3 million and North Little Rock, Arkansas which totaled $18.9 million. The costs incurred for the ongoing expansion project at the legacy Cloverleaf facility in Columbus, Ohio totaled $6.3 million as of December 31, 2019. The costs incurred for the ongoing development project at the legacy PortFresh site in Savannah, Georgia totaled $41.5 million as of December 31, 2019. Finally, the Company acquired land in Sydney, Australia during the second quarter of 2019 for $45.5 million for potential future development of a customer build-to-suit facility, for which it has recourse should the customer choose to not move forward with this development project. Refer to Note 30 regarding updates on this project that occurred subsequent to December 31, 2019.

Lease Accounting

Arrangements wherein we are the lessee:

At the inception of a contract, we determine if the contract is or contains a lease. Leases are classified as either financing or operating based upon criteria within ASC 842, Leases, and a right-of-use (ROU) asset and liability are established for leases with an initial term greater than 12 months. Leases with an initial term of 12 months or less, and not expected to renew beyond 12 months, are not recorded on the balance sheet.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the present value of the lease payments over the lease term, as adjusted for prepayments, incentives and initial direct costs. ROU assets are subsequently measured at the value of the remeasured lease liability, adjusted for the remaining balance of the following, as applicable: lease incentives, cumulative prepaid or accrued rent and unamortized initial direct costs. When available, we use the rate implicit in the lease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our incremental borrowing rate to discount the lease payments based on information available at lease commencement. We generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. The depreciable lives of assets are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Depreciation expense on assets acquired under financing leases is included in “Depreciation, depletion and amortization” on the accompanying Consolidated Statements of Operations. Depreciation expense on assets acquired under operating leases is included within cost of operations for the respective segment the asset pertains to, or within “Selling, general and administrative” for corporate assets on the accompanying

Consolidated Statements of Operations. As with other long-lived assets, ROU assets are reviewed for impairment when events or change in circumstances indicate the carrying value may not be recoverable.

Operating leases are included in “Operating lease right-of-use assets”, “Accounts payable and accrued expenses” and “Operating lease obligations” on our Consolidated Balance Sheet. Financing lease assets are included in “Financing leases-net”, “Accounts payable and accrued expenses” and “Financing lease obligations” on our Consolidated Balance Sheet.

Arrangements wherein we are the lessor:

Each new lease contract is evaluated for classification as a sales-type lease, direct financing or operating lease. A lease is a sales-type lease if any one of five criteria are met, as outlined in ASC 842 each of which indicate the lease, in effect, transfers control of the underlying asset to the lessee. If none of those five criteria are met, but two additional criteria are both met, indicating we have transferred substantially all the risks and benefits of the underlying asset to the lessee and a third party, the lease is a direct financing lease. All leases that are not sales-type or direct financing leases are operating leases. We do not currently have any sales-type or direct financing leases.

For operating leases wherein we are the lessor, we assess the probability of payments at commencement of the lease contract and subsequently recognize lease income, including variable payments based on an index or rate, over the lease term on a straight-line basis. We continue to measure and disclose the underlying assets subject to operating leases based on our policies for application of ASC 360, Property, Plant and Equipment.

For all asset classes we have elected to not separate the lease and non-lease components which generally relate to taxes and common area maintenance. Additionally, we elected a practical expedient to present all funds collected from lessees for sales and other similar taxes net of the related sales tax expense. Our lease contracts are structured in a manner to reduce risks associated with the residual value of leased assets.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets for impairment when events or changes in circumstances (such as decreases in operating income and declines in occupancy) indicate that the carrying amounts may not be recoverable. A comparison is made of the expected future operating cash flows of the long-lived assets on an undiscounted basis to their carrying amounts.

If the carrying amounts of the long-lived assets exceed the sum of the expected future undiscounted cash flows, an impairment charge is recognized in an amount equal to the excess of the carrying amount over the estimated fair value of the long-lived assets, which the Company calculates based on projections of future cash flows and appraisals with significant unobservable inputs classified as Level 3 of the fair value hierarchy. The Company determined that individual warehouse properties constitute the lowest level of independent cash flows for purposes of considering possible impairment.

For the years ended December 31, 2019, 2018 and 2017, the Company recorded charges of $13.5 million, $0.7 million and $9.5 million, respectively, as “Impairment of long-lived assets” on the accompanying Consolidated Statements of Operations. During the first quarter of 2019, management and the Company’s Board of Trustees formally approved the “Atlanta Major Market Strategy” plan which included the partial redevelopment of an existing warehouse facility. The partial redevelopment required the demolition of approximately 75% of the current warehouse, which was unused. The Company expects the remainder of the site to continue operating as normal during the construction period. As a result of this initiative, the Company impaired the carrying value of the portion of the warehouse no

longer in use, resulting in a charge of $9.6 million of Warehouse segment assets. Additionally, during the first quarter of 2019 the Company recorded an impairment charge of $2.9 million of Warehouse segment assets related to a domestic idle warehouse facility in anticipation of a potential future sale of the asset. The estimated fair value of this asset was determined based on ongoing negotiations with prospective buyers. The sale of this property was completed during the second quarter of 2019. During the second quarter of 2019, the Company recorded impairment charges of $0.9 million of Transportation segment assets related to the discontinued use of internally developed software and other personal property assets due to the loss of a significant customer relationship within our foreign operations. During the year ended December 31, 2018, the Company recorded an impairment charge of $0.7 million of Warehouse segment assets related to an idle domestic warehouse facility in anticipation of a future sale of the asset, which was subsequently completed during the fourth quarter of 2018. During the year ended December 31, 2017, the Company recorded $9.5 million of impairment associated with the planned disposal of certain facilities, with a net book value in excess of their estimated fair value based on third-party appraisals or purchase offers. All 2017 long-lived asset impairments related to the Warehouse segment.

Impairment of Other Assets

In 2017, the Company evaluated the limestone inventory held at its Quarry operations, and determined that approximately $2.1 million of that inventory was not of saleable quality. As a result, the Company recognized an impairment charge for that amount, which is included as a component of “Cost of operations related to other revenues” on the accompanying Consolidated Statements of Operations for the year ended December 31, 2017.

Also during 2017, the Company recognized an impairment charge totaling $6.5 million related to its investments in two joint ventures in China accounted for under the equity method. It was determined that the recorded investments were no longer recoverable from the projected future cash flows expected to be received from the ventures. The estimated fair value of each investment was determined based on an assessment of the proceeds expected to be received from the potential sale of the Company’s investment interests to the joint venture partner. The impairment charge is included in “Impairment of partially owned entities” on the accompanying Consolidated Statements of Operations for the year ended December 31, 2017.

There were no other asset impairment charges recorded during the years ended December 31, 2019 and 2018.

Capitalization of Costs

Project costs that are clearly associated with the development of properties are capitalized as incurred. Project costs include all costs directly associated with the development of a property, including construction costs, interest, and costs of personnel working on the project. Costs that do not clearly relate to the projects under development are not capitalized and are charged to expense as incurred.

Capitalization of costs begins when the activities necessary to get the development project ready for its intended use commence, which include costs incurred before the beginning of construction. Capitalization of costs ceases when the development project is substantially complete and ready for its intended use. Determining when a development project commences and when it is substantially complete and ready for its intended use involves a degree of judgment. We generally consider a development project to be substantially complete and ready for its intended use upon receipt of a certificate of occupancy. If and when development of a property is suspended pursuant to a formal change in the planned use of the property, we will evaluate whether the accumulated costs exceed the estimated value of the project and write off the amount of any such excess accumulated costs. For a development project that is suspended for reasons other than a formal change in the planned use of such property, the accumulated project costs are written off. Capitalized costs are allocated to the specific components of a project that are benefited.

During each of the years ended 2019, 2018 and 2017, we capitalized interest of approximately $3.3 million, $3.2 million, and $1.1 million, respectively. During the years ended 2019, 2018 and 2017, we capitalized amounts relating to compensation and travel expense of employees direct and incremental to development of properties of approximately $0.5 million, $0.6 million, and $0.2 million, respectively.

Business Combinations

For business combinations, the excess of purchase price over the net fair value of assets acquired and liabilities assumed is recorded as goodwill. In an asset acquisition where we have determined that the cost incurred differs from the fair value of the net assets acquired, we assess whether we have appropriately determined the fair value of the assets and liabilities acquired and we also confirm that all identifiable assets have been appropriately identified and recognized. After completing this assessment, we allocate the difference on a relative fair value basis to all assets acquired except for financial assets (as defined in ASC 860, Transfers and Servicing), deferred taxes, and assets defined as “current” (as defined in ASC 210, Balance Sheet).

Whether the acquired business is being accounted for as a business combination or an asset acquisition, the determination of fair values of identifiable assets and liabilities requires estimates and the use of valuation techniques. The Company estimates the fair values using observable inputs classified as Level 2 and unobservable inputs classified as Level 3 of the fair value hierarchy. Significant judgment is involved specifically in determining the estimated fair value of the acquired land and buildings and improvements and intangible assets. For intangible assets, we typically use the excess earnings method. Significant estimates used in valuing intangible assets acquired in a business combination include, but are not limited to, revenue growth rates, customer attrition rates, operating costs and margins, capital expenditures, tax rates, long-term growth rates and discount rates. For land and buildings and improvements, we used a combination of methods including the cost approach to value buildings and improvements and the sales comparison approach to value the underlying land. Significant estimates used in valuing land and buildings and improvements acquired in a business combination include, but are not limited to estimates of indirect costs and entrepreneurial profit, which were added to the replacement cost of the acquired assets in order to estimate their fair value in the market.

On May 1, 2019, the Company completed the acquisitions of Cloverleaf and Lanier, both of which are accounted for as business combinations. Refer to Note 3 for the disclosures related to these acquisitions.

Asset Acquisitions

We acquired PortFresh in an asset acquisition on February 1, 2019 for $35.2 million, net of cash. The cost incurred in connection with this asset acquisition was allocated primarily to $35.0 million of property, buildings and equipment, $0.4 million of an assembled workforce intangible asset and $0.6 million of other assets and liabilities, net. Additionally, we acquired MHW in an asset acquisition on November 19, 2019 for $50.1 million. The cost incurred in connection with this asset acquisition was allocated primarily to $49.4 million of property, buildings and equipment, $0.5 million of an assembled workforce intangible asset and $0.1 million of other assets and liabilities, net. Additionally, the purchase agreement included a call option to purchase land from the holder of the ground lease at for $4.1 million, which was exercised in January 2020. A right-of-use asset and related obligation were recorded for leases for approximately $4.5 million and $4.5 million, respectively.

Bridge Loan Commitment Fees

During the second quarter of 2019, we incurred costs of approximately $2.7 million related to unused bridge loan commitment fees in connection with the potential funding need to complete the Cloverleaf Acquisition which ultimately was not utilized. These costs are classified as a component of interest expense within the caption titled “Bridge loan commitment fees” and are presented within “Other expense” on the accompanying Consolidated Statement of Operations.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand, demand deposits, and short-term liquid investments purchased with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value. As of December 31, 2019 and 2018, the Company held $34.1 million and $37.3 million, respectively, of cash and cash equivalents in bank accounts of its foreign subsidiaries.

Restricted Cash

Restricted cash relates to cash on deposit and cash restricted for the payment of certain property repairs or obligations related to warehouse properties collateralized by mortgage notes, cash on deposit for certain workers’ compensation programs and cash collateralization of certain outstanding letters of credit, and payment of costs to administer and service the New Market Tax Credit (“NMTC”) entity. Refer to Note 19 for further details of the New Market Tax Credit.

Restricted cash balances as of December 31, 2019 and 2018 are as follows:



	2019		2018
	(In thousands)
2013 mortgage notes’ escrow accounts	$	877	$	974
2013 mortgage notes’ cash managed accounts	2,343		2,410
Cash on deposit for workers’ compensation program in Australia	2,525		2,635
New market tax credit reserve accounts	565		—
Total restricted cash	$	6,310	$	6,019

Accounts Receivable

Accounts receivable are recorded at the invoiced amount. The Company periodically evaluates the collectability of amounts due from customers and maintains an allowance for doubtful accounts for estimated amounts uncollectable from customers. Management exercises judgment in establishing these allowances and considers the balance outstanding, payment history, and current credit status in developing these estimates. Specific accounts are written off against the allowance when management determines the account is uncollectable.

The following table provides a summary of activity of the allowance for doubtful accounts:



	Balance at beginning of year		Charged to expense/against revenue	Amounts written off, net of recoveries		Balance at end of year
Allowance for doubtful accounts:	(In thousands)
Year ended December 31, 2017	$	4,072	2,510	(1,273	)	$	5,309
Year ended December 31, 2018	$	5,309	1,969	(1,572	)	$	5,706
Year ended December 31, 2019	$	5,706	3,608	(2,387	)	$	6,927

The Company records interest on delinquent billings within “Interest income” in the Consolidated Statements of Operations, offset by a bad debt provision equal to the amount of interest charged until collected.

Identifiable Intangibles Assets

Identifiable intangibles consist of a trade name and customer relationships.

Indefinite-Lived Asset

The trade name asset, with a carrying amount of $15.1 million as of December 31, 2019 and 2018, relates to “Americold” and has an indefinite life; thus, it is not amortized. The Company evaluates the carrying value of its trade name each year as of October 1, and between annual evaluations if events occur or circumstances change that would more likely than not reduce the fair value of the trade name below its carrying amount. There were no impairments to the Company’s trade name for the years ended December 31, 2019, 2018 and 2017.

Finite-Lived Assets

Customer relationship assets are the Company’s largest finite-lived assets amortized over 6 to 25 years using a straight-line or accelerated amortization method dependent on the estimated benefits, which reflects the pattern in which economic benefits of intangible assets are expected to be realized by the Company. Customer relationship amortization expense for the years ended December 31, 2019, 2018 and 2017 was $7.9 million, $0.8 million and $0.9 million, respectively. The weighted-average remaining life of the customer relationship assets is 24.2 years as of December 31, 2019. The Company reviews these intangible assets for impairment when circumstances indicate the carrying amount may not be recoverable. There were no impairments to customer relationship assets for the years ended December 31, 2019, 2018 and 2017.

Leasehold Interests - Below Market Leases, Above Market Leases and In-place Lease

In reference to certain temperature-controlled warehouses where the Company is the lessee in an acquired business, below-market and above-market leases are amortized on a straight-line basis over the remaining lease terms in a manner that adjusts lease expense to the market rate in effect as of the acquisition date. In reference to certain temperature-controlled warehouses where the Company has a tenant lease assigned through an acquisition, the resulting intangible asset is amortized over the remaining term of the tenant lease and recorded to amortization expense. There were no impairments to leasehold interests for the years ended December 31, 2019, 2018 or 2017.

Deferred Financing Costs

Direct financing costs are deferred and amortized over the terms of the related agreements as a component of “Interest expense” in the accompanying Consolidated Statements of Operations. The Company amortizes such costs based on the effective interest rate or on a straight-line basis. The Company uses the latter approach when the periodic amortization approximates the amounts calculated under the effective-interest rate method. Deferred financing costs related to revolving line of credits are classified as other assets, whereas deferred financing costs related to long-term debt are offset against “Mortgages notes, senior unsecured notes and term loan”, as applicable in the accompanying Consolidated Balance Sheets.

Goodwill

The Company evaluates the carrying value of goodwill each year as of October 1 and between annual evaluations if events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. When evaluating whether goodwill is impaired, the Company compares the fair value of its reporting units to its carrying amounts, including goodwill. The Company estimates the fair value of its reporting units based upon a combination of the net present value of future cash flows and a market-based approach. Future cash flows are estimated based upon certain economic assumptions. The estimates of future cash flows are subject, but not limited to the following significant assumptions: revenue growth rates, operating costs and margins, capital expenditures, tax rates, long-term growth rates and discount rates, which are affected by expectations about future market and economic conditions. The assumptions are based on risk-adjusted growth rates and discount factors accommodating multiple viewpoints that consider the full range of variability contemplated in the current and potential future economic situations. The market-based multiples approach assesses the financial performance and market values of other market-participant companies. If the estimated fair value of each of the reporting units exceeds the corresponding carrying value, no impairment of goodwill exists. If a reporting unit’s carrying amount exceeds its fair value, an impairment loss would be calculated by comparing the implied fair value of goodwill to the reporting unit’s carrying amount. The excess of the fair value of the reporting unit over the amount assigned for fair value to its other assets and liabilities is the implied fair value of goodwill. There were no goodwill impairment charges for the years ended December 31, 2019, 2018 and 2017.

Revenue Recognition

Revenues for the Company include rent, storage and warehouse services (collectively, Warehouse Revenue), third-party managed services for locations or logistics services managed on behalf of customers (Third-Party Managed Revenue), transportation services (Transportation Revenue), and revenue from the sale of quarry products (Other Revenue).

Warehouse Revenue

The Company’s customer arrangements generally include rent, storage and service elements that are priced separately. Revenues from storage and handling are recognized over the period consistent with the transfer of the service to the customer. Multiple contracts with a single counterparty are accounted for as separate arrangements.

Third-Party Managed Revenue

The Company provides management services for which the contract compensation arrangement includes: reimbursement of operating costs, fixed management fee, and contingent performance-based fees (Managed Services). Managed Services fixed fees are recognized as revenue as the management services are performed ratably over the service period. Managed Services performance-based fees are recognized ratably over the service period based on the likelihood of achieving performance targets.

Cost reimbursements related to Managed Services arrangements are recognized as revenue as the services are performed and costs are incurred. Managed Services fees and related cost reimbursements are presented on a gross basis as the Company is the principal in the arrangement. Multiple contracts with a single counterparty are accounted for as separate arrangements.

Transportation Revenue

The Company records transportation revenue and expenses upon delivery of the product. Since the Company is the principal in the arrangement of transportation services for its customers, revenues and expenses are presented on a gross basis.

Other Revenue

Other revenue primarily includes the sale of limestone produced by the Company’s quarry business. Revenues from the sale of limestone are recognized upon delivery to customers.

Contracts with Multiple Service Lines

When considering contracts containing more than one service to a customer, a contract’s transaction price is pre-defined or allocated to each distinct performance obligation and recognized as revenue when, or as the performance obligation is satisfied, either over time as work progresses, or at a point in time. For contracts with multiple service lines or distinct performance obligations, the Company evaluates and allocates the contract’s transaction price to each performance obligation using our best estimate of the standalone selling price of each distinct good or service in the contract. The primary method used to estimate standalone selling price is the expected cost plus a margin approach, under which the Company forecasts expected costs of satisfying a performance obligation and then adds an appropriate margin for that distinct good or service.

Income Taxes

The Company operates in a manner intended to enable it to continue to qualify as a REIT under Sections 856-860 of the Code. Under those sections, a REIT that distributes at least 100% of its REIT taxable income, as defined in the Code, as a dividend to its shareholders each year and that meets certain other conditions will not be taxed on that portion of its taxable income that is distributed to its shareholders for U.S. federal income tax purposes. Through cash dividends, the Company, for tax purposes, has distributed an amount equal to or greater than its REIT taxable income for the years ended December 31, 2019, 2018 and 2017. For all periods presented, the Company has met all the requirements to qualify as a REIT. Thus, no provision for federal income taxes was made for the years ended December 31, 2019, 2018 and 2017, except as needed for the Company’s U.S. Taxable REIT Subsidiaries (TRSs), for the Company’s foreign entities, and a REIT excise tax payment in 2018 disclosed in Note 18 of these financial statements. To qualify as a REIT, an entity cannot have at the end of any taxable year any undistributed earnings and profits that are attributable to a non-REIT taxable year (undistributed E&P). The Company believes that it has no undistributed E&P as of December 31, 2019. However, to the extent there is a determination (within the meaning of Section 852(e)(1)) of the Code that the Company has undistributed earnings and profits (as determined for U.S. federal income tax purposes) accumulated (or acquired from another entity) from any taxable year in which the Company (or any other entity that converts to a Qualified REIT Subsidiary (QRS) that was acquired during the year) was not a REIT or a QRS, the Company will take all necessary steps to permit the Company to avoid the loss of its REIT status, including, but not limited to: 1) within the 90-day period beginning on the date of the determination, making one or more qualified designated distributions (within the meaning of the Section 852(e)(2)) of the Code in an amount not less than such undistributed earnings and profits over the interest payable under section 852(e)(3) of the Code; and 2) timely paying to the IRS the interest payable under Section 852(e)(3) of the Code resulting from such a determination.

If the Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even as a REIT, it

may be subject to certain state and local income and franchise taxes, and to U.S. federal income and excise taxes on undistributed taxable income and on certain built-in gains.

The Company has elected TRS status for certain wholly-owned subsidiaries. This allows the Company to provide services at those consolidated subsidiaries that would otherwise be considered impermissible for REITs. Many of the foreign countries in which we have operations do not recognize REITs or do not accord REIT status under their respective tax laws to our entities that operate in their jurisdiction. Accordingly, the Company recognizes income tax expense for the U.S. federal and state income taxes incurred by the TRSs, taxes incurred in certain U.S. states and foreign jurisdictions, and interest and penalties associated with unrecognized tax benefit liabilities, as applicable.

Taxable REIT Subsidiary

The Company has elected to treat certain of its wholly owned subsidiaries as TRSs. A TRS is subject to U.S. federal and state income taxes at regular corporate tax rates. Thus, income taxes for the Company’s TRSs are accounted for using the asset and liability method, under which deferred income taxes are recognized for (i) temporary differences between the financial reporting and tax bases of assets and liabilities and (ii) operating loss and tax credit carryforwards based on enacted tax rates expected to be in effect when such amounts are realized or settled.

The Company records a valuation allowance for deferred tax assets when it estimates that it is more likely than not that future taxable income will be insufficient to fully use a deduction or credit in a specific jurisdiction. In assessing the need for the recognition of a valuation allowance for deferred tax assets, we consider whether it is more likely than not that some portion, or all, of the deferred tax assets will not be realized and adjust the valuation allowance accordingly. We evaluate all significant available positive and negative evidence as part of our analysis. Negative evidence includes the existence of losses in recent years. Positive evidence includes the forecast of future taxable income by jurisdiction, tax-planning strategies that would result in the realization of deferred tax assets, reversal of existing deferred tax liabilities, and the presence of taxable income in prior carryback years. The underlying assumptions we use in forecasting future taxable income require significant judgment and take into account our recent performance. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the periods in which temporary differences are deductible or creditable.

The Company accrues liabilities when it believes that it is more likely than not that it will not realize the benefits of tax positions that it has taken in its tax returns or for the amount of any tax benefit that exceeds the cumulative probability threshold in accordance with ASC 740-10, Uncertain Tax Positions. The Company recognizes interest and penalties related to unrecognized tax benefits within “Income tax (expense) benefit” in the accompanying Consolidated Statements of Operations.

The earnings of certain foreign subsidiaries, including any other components of the outside basis difference in these subsidiaries, are considered to be indefinitely reinvested, except for Canada and Hong Kong. The Company changed its assertion for its Canadian subsidiaries in 2018 to begin repatriating its unremitted earnings to the U.S. starting in 2018. The Company is also no longer permanently reinvested with regard to its investment in Hong Kong in 2019. If our plans change in the future for any other foreign subsidiary or if we elect to repatriate the unremitted earnings of our other foreign subsidiaries in the form of distributions or otherwise, we would be subject to additional income taxes which could result in a higher effective tax rate. As disclosed in Note 18 of these financial statements, the U.S. government enacted comprehensive tax legislation on December 22, 2017 which imposed a one-time inclusion for our REIT or tax for our TRS on the deemed repatriation of unremitted foreign earnings and profits. However, the Company has provided for local country withholding taxes related to the unremitted earnings to be repatriated in certain foreign jurisdictions to the U.S. TRS. With respect to the foreign subsidiaries owned directly by the REIT, any unremitted earnings would not be subject to additional U.S. level taxes because the REIT would distribute 100% of such earnings or would be subject to a participation exemption beginning in 2018.

Pension and Post-Retirement Benefits

The Company has defined benefit pension plans that cover certain union and nonunion employees. The Company also participates in multi-employer union defined benefit pension plans under collective bargaining agreements for certain union employees. The Company also has a post-retirement benefit plan to provide life insurance coverage to eligible retired employees. The Company also offers defined contribution plans to all of its eligible employees. Contributions to multi-employer union defined benefit pension plans are expensed as incurred, as are the Company’s contributions to the defined contribution plans. For the defined benefit pension plans and the post-retirement benefit plan, an asset or a liability is recorded in the consolidated balance sheet equal to the funded status of the plan, which represents the difference between the fair value of the plan assets and the projected benefit obligation at the consolidated balance sheet date. The Company utilizes the services of a third-party actuary to assist in the assessment of the fair value of the plan assets and the projected benefit obligation at each measurement date. Certain changes in the value of plan assets and the projected benefit obligation are not recognized immediately in earnings but instead are deferred as a component of accumulated other comprehensive income (loss) and amortized to earnings in future periods.

Foreign Currency Gains and Losses

The local currency is the functional currency for the Company’s operations in Australia, New Zealand and Canada. For these operations, assets and liabilities are translated at the rates of exchange on the consolidated balance sheet date, while income and expense items are translated at average rates of exchange during the period. The resulting gains or losses arising from the translation of accounts from the functional currency into U.S. dollars are included as a separate component of shareholders’ equity in accumulated other comprehensive income (loss) until a partial or complete liquidation of the Company’s net investment in the foreign operation.

From time to time, the Company’s foreign operations may enter into transactions that are denominated in a currency other than their functional currency. These transactions are initially recorded in the functional currency of the subsidiary based on the applicable exchange rate in effect on the date of the transaction. On a monthly basis, these transactions are remeasured to an equivalent amount of the functional currency based on the applicable exchange rate in effect on the remeasurement date. Any adjustment required to remeasure a transaction to the equivalent amount of functional currency is recorded in “Foreign currency exchange gain (loss), net” in the accompanying Consolidated Statements of Operations.

During the fourth quarter of 2018, the Company entered into two intercompany loan agreements, whereby the Australia and New Zealand entities borrowed from the U.S. entity. These intercompany loan agreements were denominated in the functional currency of the respective entities. The intercompany loan receivable balances as of December 31, 2019 are AUD $153.5 million and NZD $37.5 million, and are remeasured at the end of each month to the United States Dollar (USD) with any required adjustment recorded in “Foreign currency exchange gain (loss), net” in the accompanying Consolidated Statements of Operations. Foreign currency transaction gains and losses on the remeasurement of short-term intercompany loans denominated in currencies other than a subsidiary’s functional currency are recognized as a component of foreign currency gain or loss, except to the extent that the transaction is effectively hedged. For loans that are effectively hedged, the transaction gains and losses on remeasurement are recorded to “Accumulated other comprehensive income (loss)”. Foreign currency transaction gains and losses resulting from the remeasurement of long-term intercompany loans denominated in currencies other than a subsidiary’s functional currency are recognized as a component of “Accumulated other comprehensive income (loss)” if a repayment of these loans is not anticipated.

Recently Adopted Accounting Standards

Lease Accounting

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), as amended, which the Company adopted using a modified retrospective transition approach effective January 1, 2019. All leases that commenced prior to our adoption of this new standard were accounted for and disclosed in accordance with our existing policies for application of ASC 840, Leases. Accordingly, prior year amounts were not recast under the new standard.

Upon adoption, we elected a package of practical expedients for expired and existing contracts whereby we (1) did not reassess our prior conclusions about lease identification, lease classification and initial direct costs, (2) continued to apply existing accounting policies for all land easements that existed or expire before the date of adoption, (3) did not recognize ROU assets or liabilities for leases that qualify as short-term leases for all classes of underlying assets, and (4) did not separate lease and non-lease components for all classes of underlying assets. The Company did not elect to apply the hindsight practical expedient when determining the term for our leases.

The new standard requires disclosure of additional quantitative and qualitative information for lessee and lessor arrangements which has been included above in the Summary of Significant Accounting Policies and in Note 13.

Simplifying the Test for Goodwill Impairment

In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This update eliminates step two of the goodwill impairment test, and specifies that goodwill impairment should be measured by comparing the fair value of a reporting unit with its carrying amount. Additionally, the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets should be disclosed. For public business entities that are SEC filers, this ASU is effective for annual and any interim impairment tests for periods beginning after December 15, 2019. Early adoption is allowed for all entities as of January 1, 2017, for annual and any interim impairment tests occurring after January 1, 2017. The Company adopted ASU 2017-04 on January 1, 2019 on a prospective basis and it did not have a material effect on its consolidated financial statements.

Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities

In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. This ASU refines and expands hedge accounting for both financial (e.g., interest rate) and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. ASU 2017-12 is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption, including adoption in an interim period, is permitted. The Company adopted ASU 2017-12 on January 1, 2019 on a prospective basis and it did not have a material impact on its consolidated financial statements.

Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (“SOFR”) Overnight Index Swap (“OIS”) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes

In October 2018, the FASB issued ASU 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (“SOFR”) Overnight Index Swap (“OIS”) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes. This ASU permits the use of the OIS rate based upon SOFR as a U.S. benchmark interest rate for purposes of applying hedge accounting under Topic 815. The Alternative Reference Rates Committee announced

that it identified the Secured Overnight Funding Rate (SOFR) as its preferred alternative to LIBOR. The Company intends to continue to use LIBOR until its extermination date in 2021, and intends to replace LIBOR with SOFR at that time. The Company adopted ASU 2018-16 on January 1, 2019 and does not believe that the transition from LIBOR to SOFR will have a material impact on its consolidated financial statements.

Improvements to Nonemployee Share-Based Payment Accounting

In June 2018, the FASB issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting, which more closely aligns the accounting for employee and nonemployee share-based payments. The standard will be effective for interim and annual reporting periods beginning after December 15, 2018. The Company adopted this standard on January 1, 2019 on a prospective basis, and it did not have a material impact on its consolidated financial statements.

Future Adoption of Accounting Standards

Fair Value Measurement - Disclosure Framework

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. This ASU modifies the disclosure requirements on fair value measurements. The ASU removes the requirement to disclose: the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; the policy for timing of transfers between levels; and the valuation processes for Level 3 fair value measurements. The ASU requires disclosure of changes in unrealized gains and losses for the period included in other comprehensive income (loss) for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For public business entities, this guidance is effective for fiscal years beginning after December 15, 2019 with early adoption permitted. The Company is currently evaluating the effect that this guidance will have on its consolidated financial statements.

Collaborative Arrangements

In November 2018, the FASB issued ASU 2018-18, Collaborative Arrangements (Topic 808): Clarifying the interaction between Topic 808 and Topic 606. ASU 2018-18 clarifies that certain transactions between participants in a collaborative arrangement should be accounted for under ASC 606 when the counterparty is a customer and precludes an entity from presenting consideration from a transaction in a collaborative arrangement as revenue from contracts with customers if the counterparty is not a customer for that transaction. For public business entities, these amendments are effective for fiscal years beginning after December 15, 2019, and interim periods therein. The Company believes the adoption of ASU 2018-18 will not have a material effect on its consolidated financial statements.

Credit Losses

In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326). This ASU introduces new guidance for the accounting for credit losses. For trade receivables, the Company will be required to use a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses which reflects losses that are probable. The standard will be effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. The Company continues to assess the impact of adopting this standard and does not believe the adoption of ASU 2016-13 will have a material effect on its consolidated financial statements.

Defined Benefit Plans

In August 2018, the FASB issued ASU 2018-14, Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans. This update amends ASC 715 to remove disclosures that are no longer considered cost beneficial, clarifies the specific requirements of disclosures, and adds disclosure requirements identified as relevant to defined benefit pension and other postretirement plans. The ASU’s changes related to disclosures are part of the FASB’s disclosure framework project. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted for all entities and the amendments in this update are required to be applied on a retrospective basis to all periods presented. The Company does not expect the provisions of ASU 2018-14 will have a material impact on its consolidated financial statements.

Simplifying the Accounting for Income Taxes

In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740). This ASU is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, however, early adoption is permitted for all entities. The Company continues to assess the impact of adopting this standard and does not believe the adoption of ASU 2019-12 will have a material effect on its consolidated financial statements.

Other Presentation Matters

Reclassifications

Certain immaterial, prior period amounts have been reclassified to conform to the current period presentation on the Consolidated Statements of Operations, the Consolidated Statements of Shareholders’ Equity and the Consolidated Statements of Cash Flows. The Consolidated Statement of Operations reflects the reclassification required in the prior period upon addition of a new caption described as “Acquisition, litigation and other”, which was previously classified within “Selling, general and administrative”. Refer to Note 8 for further detail of this caption. The Consolidated Statements of Shareholders’ Equity reflects the reclassification required in the prior period upon addition of a new caption described as “Common share issuance related to share-based payment plans, net of shares withheld for employee taxes”, which was previously classified within “Share-based compensation expense (Stock Options and Restricted Stock Units)”. The Consolidated Statements of Cash Flows reflects the reclassification of certain immaterial amounts related to amortization from the caption previously described as “Multi-employer pension plan withdrawal expense and amortization” which is now classified within “Amortization of deferred financing costs and pension withdrawal liability”.

Equity-Method Investments

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Equity-Method Investments

During 2010, the Company, through its wholly owned subsidiaries, made total cash investments of $46.2 million in two newly-formed Hong Kong entities, China Merchants Americold Holdings Logistics Company Limited (CMAL) and China Merchants Americold Holdings Company Limited (CMAH, together with CMAL, the Joint Venture, or China JV). Through these subsidiaries, the Company acquired a 49% interest in the Joint Venture, while China Merchants Holdings International Company (CMHI) acquired the remaining 51% interest in the Joint Venture. CMHI is a Hong Kong based entity that is part of the China Merchants Group. Other affiliates of CMHI subsequently purchased 50,000 shares of the Company’s Series B Preferred Shares, subsequently converted to common shares in connection with our IPO. The Joint Venture was formed with the purpose of acquiring, owning, and operating temperature-controlled warehouses, primarily in the People’s Republic of China. During 2015, the Company made an additional capital contribution of $1.3 million to the Joint Venture for general corporate purposes.

In 2017, the Company recognized an impairment charge totaling $6.5 million related to our investment in the Joint Venture as we determined that the recorded investment was no longer recoverable from the projected future cash flows expected to be received from the Joint Venture. The estimated fair value of this investment was determined based on active negotiations of the proceeds expected to be received from the potential sale of our investment interests to the joint venture partner.

During the third quarter of 2019, the Company completed the sale of its equity interest in its China JV to an affiliate of its joint venture partner for total cash consideration of $15.0 million. The resulting gain on the sale of the China JV totaled $4.3 million and is included in “Gain from sale of partially owned entities” on the accompanying Consolidated Statements of Operations. The gain recorded includes $2.6 million related to cumulative foreign currency translation historically recorded through Other Comprehensive Income which stemmed from the remeasurement of the foreign denominated equity-method investment in the China JV. The following tables summarize the financial information of the Company’s China JV for the periods presented, prior to disposition.

The condensed summary financial information for the Company’s China JV is as follows for the portion of the year which the Company held ownership interest in the China JV during 2019 and the full year ended December 31, 2018:



	2019
Condensed results of operations	CMAL			CMAH		Total
	(In thousands)
Revenues	$	28,334		$	10,907	$	39,241
Operating (loss) income	$	(348	)	$	1,920	$	1,572
Net (loss) income	$	(507	)	$	1,018	$	511
Company’s (loss) income from partially owned entities	$	(429	)	$	318	$	(111	)



	2018
Condensed results of operations	CMAL			CMAH		Total
	(In thousands)
Revenues	$	37,458		$	13,621	$	51,079
Operating (loss) income	$	(1,748	)	$	2,432	$	684
Net (loss) income	$	(1,960	)	$	1,651	$	(309	)
Company’s (loss) income from partially owned entities	$	(1,419	)	$	350	$	(1,069	)



	2017
Condensed results of operations	CMAL			CMAH			Total
	(In thousands)
Revenues	$	38,662		$	12,294		$	50,956
Operating (loss) income	$	(2,052	)	$	314		$	(1,738	)
Net loss	$	(2,479	)	$	(296	)	$	(2,775	)
Company’s loss from partially owned entities	$	(1,143	)	$	(220	)	$	(1,363	)

In addition to the China JV, the Company had an investment in a joint venture accounted for under the equity-method, for which a complete return of capital totaling $2.0 million was received during the first quarter of 2019, eliminating the Company’s involvement in the joint venture.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

The changes in the carrying amount of the Company’s goodwill by reportable segment for the years ended December 31, 2019, 2018 and 2017 are as follows:



	Warehouse			Third-party managed			Transportation			Total
	(In thousands)
December 31, 2016	$	171,582		$	3,056		$	12,167		$	186,805
Impact of foreign currency translation	972			8			384			1,364
December 31, 2017	172,554			3,064			12,551			188,169
Impact of foreign currency translation	(1,658		)	(174		)	(242		)	(2,074		)
December 31, 2018	170,896			2,890			12,309			186,095
Goodwill acquired	130,919			—			1,452			132,371
Impact of foreign currency translation	9			(8		)	16			17
December 31, 2019	$	301,824		$	2,882		$	13,777		$	318,483

The goodwill acquired in 2019 primarily related to the Cloverleaf and Lanier acquisitions in the Warehouse segment. Refer to Note 3 for additional information.

Intangible assets subject to amortization as of December 31, 2019 and 2018 are as follows:



	Customer relationships			Above-market leases			In-place lease			Below-market leases			Assembled Workforce			Trade names and trademarks			Total
	(In thousands, except years)
Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	266,633			—			—			—			908			1,623			269,164
Accumulated amortization	(38,036		)	(60		)	(1,578		)	(5,794		)	(128		)	(721		)	(46,317		)
Net definite lived intangible assets	$	262,385		$	83		$	2,200		$	3,332		$	780		$	902		269,682
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2019																			$	284,758
Weighted-average remaining useful life at December 31, 2019	24.2			3.8			3.8			32.6			2.7			0.8			23.9

Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	—			—			—			—			—			—			—
Accumulated amortization	(30,169		)	(38		)	(1,004		)	(5,644		)	—			—			(36,855		)
Net definite lived intangible assets	$	3,619		$	105		$	2,774		$	3,482		$	—		$	—		9,980
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2018																			$	25,056
Weighted-average remaining useful life at December 31, 2018	9.1			4.8			4.8			33.2			N/A			N/A			16.3

Additions in 2019 relate to the Cloverleaf, Lanier, MHW and PortFresh acquisitions. Refer to Notes 2 and 3 for further details of each acquisition.

The following table describes the estimated amortization of intangible assets for the next five years and thereafter. In addition, the table describes the net impact on rent expense due to the amortization of below-market leases for the next five years and thereafter:



	Estimated Amortization of Customer Relationships, In-Place Lease, Assembled Workforce, Trade names and Trademarks Intangible Assets		Estimated Net Decrease to Lease Revenue Related to Amortization of Above-Market Leases		Estimated Net Increase to Lease Expense Related to Amortization of Below-Market Leases
	(In thousands)
Years Ending December 31:
2020	$	13,110	$	22	$	151
2021	12,119		22		151
2022	11,902		22		151
2023	11,543		17		106
2024	10,976		—		102
Thereafter	206,617		—		2,671
Total	$	266,267	$	83	$	3,332

Other Assets Other Assets

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

Other assets as of December 31, 2019 and 2018 are as follows:



	2019		2018
	(In thousands)
Various insurance and workers’ compensation receivables	$	12,143	$	9,595
Prepaid accounts	11,345		12,532
Inventory and supplies	9,371		7,875
Other receivables	7,528		8,770
Fair value of derivatives	6,886		2,283
Marketable securities - (Deferred compensation plan)	4,895		3,072
Utility, workers’ compensation escrow and lease deposits	4,222		1,726
Deferred financing costs	2,767		5,437
Deferred registration statement costs	912		—
Income taxes receivable	885		6,978
Deferred tax assets	418		391
	$	61,372	$	58,659

Accounts Payable and Accrued Expenses

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses as of December 31, 2019 and 2018 are as follows:



	2019		2018
	(In thousands)
Trade payables	$	109,222	$	85,038
Accrued workers’ compensation liabilities	30,642		30,585
Accrued payroll	17,104		12,238
Accrued bonus	20,729		17,335
Accrued vacation and long service leave	16,403		14,988
Accrued health benefits	13,020		10,987
Accrued property taxes	20,370		14,376
Accrued utilities	7,854		6,274
New market tax credit deferred contribution liability	4,882		—
Income taxes payable	997		290
Dividends payable	39,753		28,540
Accrued interest	24,872		4,843
Other accrued expenses	45,115		27,586
	$	350,963	$	253,080

Acquisitions, Litigation, and Other Charges Acquisitions, Litigation, and Other Charges

12 Months Ended

Dec. 31, 2019

Acquisition, Litigation and Other Special Charges [Abstract]

Business Combination, Acquisition Related Cost, Litigation Expense And Other Special Charges Disclosure [Text Block]

Acquisition, Litigation and Other Charges

The components of the charges included in “Acquisition, litigation and other” in our Consolidated Statements of Operations are as follows (in thousands):



	Years Ended December 31,
Acquisition, litigation and other	2019		2018			2017
Acquisition related costs	$	24,284	$	671		$	—
Litigation	4,553		—			—
Strategic alternative costs	—		—			8,136

Other:
Severance, equity award modifications and acceleration	9,789		2,053			516
Non-offering related equity issuance expenses	1,356		1,813			—
Terminated site operations costs	632		(1,804		)	2,677
Non-recurring public company implementation costs	—		1,202			—
Total other	11,777		3,264			3,193

Total acquisition, litigation and other	$	40,614	$	3,935		$	11,329

Acquisition related costs include costs associated with business transactions, whether consummated or not, such as advisory, legal, accounting, valuation and other professional or consulting fees. We also include integration costs

pre- and post-acquisition that reflect work being performed to facilitate merger and acquisition integration, such as work associated with information systems and other projects including spending to support future acquisitions, and primarily consist of professional services. We consider acquisition related costs to be corporate costs regardless of the segment or segments involved in the transaction. Acquisition costs for the year ended December 31, 2019, primarily consisted of a $10.0 million investment advisory fee, employee retention expense, non-capitalizable legal and professional fees related to completed and potential acquisitions, and acquisition integration costs. Refer to Note 3 for further information regarding acquisitions completed in the current year.

Litigation costs consist of expenses incurred in order to defend the Company from litigation charges outside of the normal course of business as well as related settlements not in the normal course of business. Litigation costs incurred in connection with matters arising from the ordinary course of business are expensed as a component of “Selling, general and administrative expense” on the Consolidated Statements of Operations.

Strategic alternative costs consist of operating costs associated with our review of various contemplated strategic transactions prior to our initial public offering.

Severance costs represent certain contractual and negotiated severance and separation costs from exited former executives, reduction in headcount due to synergies achieved through acquisitions or operational efficiencies and reduction in workforce costs associated with exiting or selling non-strategic warehouses or businesses. Equity acceleration and modification costs represent the unrecognized expense for stock awards that vest and convert to common shares in advance of the original negotiated vesting date and any other equity award changes resulting in accounting for the award as a modification. For the year ended December 31, 2019, we recognized $2.4 million of severance related to reduction in headcount as a result of the synergies created from the Cloverleaf Acquisition, $1.2 million of severance related to the departure of two former executives, $3.0 million related to a reduction in headcount within our international operations from organizational realignments, as well as $3.1 million of accelerated equity award vesting. Refer to Note 17 for further details of all equity modifications and equity acceleration.

Non-offering related equity issuance expense consists of non-registration statement related legal fees associated with the selling shareholders’ secondary public offering completed during the first quarter of 2019, which consisted solely of shares sold by YF ART Holdings and Goldman Sachs and affiliates (see Note 1 for more information). The Company received no proceeds from the secondary offering. Non-offering related equity issuance expense for the year ended December 31, 2018 consisted of non-capitalizable legal and professional fees associated with the September 2018 follow-on equity issuance and non-registration statement related costs and an Australian stamp duty tax related to the Company’s IPO.

Terminated site operations costs relates to repair expenses incurred to return leased sites to their original physical state at lease inception in connection with the termination of the applicable underlying lease. These terminations were part of our strategic efforts to exit or sell non-strategic warehouses as opposed to ordinary course lease expirations. In 2018, the Company was released from liability under a previously exited leased facility, for which we originally recorded in 2017 a charge of $2.1 million repair expense to return the site to its original condition. As a result, we reversed this charge in 2018. In total, $0.3 million was paid in conjunction with the exit of this facility.

Repair and maintenance expenses associated with our ordinary course operations are reflected as operating expenses on our Consolidated Statement of Operations.

Non-recurring public company implementation costs for the year ended December 31, 2018, represent costs associated with the implementation of financial reporting systems and processes needed to convert the organization to a public company.

Debt of the Company

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt of the Company

In this Note 9, the “Company” refers only to Americold Realty Trust and not to any of its subsidiaries.

The Company itself does not have any indebtedness. All debt is held directly or indirectly by the Operating Partnership.

The Company guarantees the Operating Partnership’s obligations with respect to its outstanding debt as of December 31, 2019 and 2018, as detailed in Note 10, with the exception of the 2013 Mortgage Loans which have limited guarantees for fraud and environmental carve-outs by Americold Realty Operating Partnership, L.P.

Debt of the Operating Partnership

A summary of outstanding indebtedness of the Operating Partnership as of December 31, 2019 and 2018 is as follows (in thousands):



		Contractual Interest Rate	Effective Interest Rate as of December 31, 2019	2019					2018
Indebtedness	Stated Maturity Date			Carrying Amount			Estimated Fair Value		Carrying Amount			Estimated Fair Value
2013 Mortgage Loans
Senior note	5/2023	3.81%	4.14%	$	181,443		$	184,618	$	187,957		$	184,667
Mezzanine A	5/2023	7.38%	7.55%	70,000			70,525		70,000			67,900
Mezzanine B	5/2023	11.50%	11.75%	32,000			32,320		32,000			31,120
Total 2013 Mortgage Loans				283,443			287,463		289,957			283,687

Senior Unsecured Notes
Series A notes	1/2026	4.68%	4.77%	200,000			217,750		200,000			202,500
Series B notes	1/2029	4.86%	4.92%	400,000			439,000		400,000			407,000
Series C notes	1/2030	4.10%	4.15%	350,000			366,625		—			—
Total Senior Unsecured Notes				950,000			1,023,375		600,000			609,500

2018 Senior Unsecured Term Loan A Facility⁽¹⁾	1/2023	L+1.00%	3.14%	475,000			472,625		475,000			472,625

Total principal amount of indebtedness				1,708,443			1,783,463		1,364,957			1,365,812
Less deferred financing costs				(12,996		)	n/a		(13,943		)	n/a
Total indebtedness, net of unamortized deferred financing costs				$	1,695,447		$	1,783,463	$	1,351,014		$	1,365,812

2018 Senior Unsecured Revolving Credit Facility⁽¹⁾	1/2021	L+0.90%	0.36%	$	—		$	—	$	—		$	—


(1)	L = one-month LIBOR

2018 Senior Unsecured Credit Facility

On December 4, 2018, the Company entered into the 2018 Senior Unsecured Credit Facility to, among other things, (i) increase the revolver borrowing capacity from $450 million to $800 million, (ii) convert the credit facility (term loan and revolver) from a secured credit facility to an unsecured credit facility, and (iii) decrease the applicable interest rate margins from 2.35% to 1.45% and decrease the fee on unused borrowing capacity by five basis points. The terms of the revolver allow for the ability to draw proceeds in multiple currencies, up to $400 million. In connection with entering into the original agreement and subsequent amendments for the Term Loan A Credit Facility, we capitalized approximately $8.9 million of debt issuance costs, which we amortize as interest expense under the effective interest method. The unamortized balance of Term Loan A debt issuance costs are included in “Mortgage notes, senior unsecured notes and term loan” on the accompanying Consolidated Balance Sheets. As of December 31, 2019, $2.8 million of unamortized debt issuance costs related to the revolving credit facility are included in “Other assets” in the accompanying Consolidated Balance Sheet.

On September 24, 2019, the Company reduced our interest rate margins from 1.45% to 1.00% on the Term Loan A, and 1.45% to 0.90% on the Revolving Credit Facility. In addition, the Company decreased the fee on unused borrowing capacity to a flat 20 basis points regardless of the percentage of total commitment used. The Company received a favorable credit rating during the third quarter of 2019. This rating, when combined with existing ratings, allowed the Company to transition to a favorable ratings-based pricing grid.

Our 2018 Senior Unsecured Revolving Credit Facility is structured to include a borrowing base, which allows us to borrow against the lesser of our Senior Unsecured Term Loan A Facility balance outstanding, our Senior Unsecured Notes balance outstanding, $800 million in revolving credit commitments, and the value of certain owned real estate assets and ground leased assets.

Our 2018 Senior Unsecured Credit Facility contains representations, covenants and other terms customary for a publicly traded REIT. In addition, it contains certain financial covenants, as defined in the credit agreement, including:


•	a maximum leverage ratio of less than or equal to 60% of our total asset value;


•	a minimum borrowing base coverage ratio of greater than or equal to 1.00 to 1.00;


•	a minimum fixed charge coverage ratio of greater than or equal to 1.50 to 1.00;


•	a minimum borrowing base debt service coverage ratio of greater than or equal to 2.00 to 1.00;


•	a minimum tangible net worth requirement of greater than or equal to $1.1 billion plus 70% of any future net equity proceeds following the completion of the IPO transactions;


•	a maximum recourse secured debt ratio of less than or equal to 15% of our total asset value; and


•	a maximum secured debt ratio of less than or equal to 40% of total asset value.

Our 2018 Senior Unsecured Credit Facility is fully recourse to our Operating Partnership. As of December 31, 2019, the Company was in compliance with all debt covenants.

Series A, B and C Senior Unsecured Notes

On November 6, 2018, the Company priced a debt private placement transaction consisting of (i) $200 million senior unsecured notes with a coupon of 4.68% due January 8, 2026 (“Series A”) and (ii) $400 million senior unsecured notes with a coupon of 4.86% due January 8, 2029 (“Series B”), (collectively referred to as the “Senior Unsecured Notes”). The transaction closed on December 4, 2018. Interest will be paid on January 8 and July 8 of each year until maturity, with the first payment occurring July 8, 2019. The notes are general unsecured senior obligations of the Company and are guaranteed by the Company and the subsidiaries of the Company. The Company applied a portion of the proceeds of the private placement transaction to repay the outstanding balances of the $600 million Americold 2010 LLC Trust, Commercial Mortgage Pass-Through Certificates, Series 2010, ART (2010 Mortgage Loans). The Company also used the remaining proceeds to extinguish the Australian term loan and the New Zealand term loan (ANZ Loans). See below for further detail regarding the early extinguishment of debt under Loss on debt extinguishment, modifications and termination of derivative instruments.

On April 26, 2019, we priced a debt private placement transaction consisting of $350 million senior unsecured notes with a coupon of 4.10% due January 8, 2030 (“Series C”). The transaction closed on May 7, 2019. Interest is payable on January 8 and July 8 of each year until maturity, with the first payment occurring January 8, 2020. The initial January 8, 2020 payment will include interest accrued since May 7, 2019. The notes are general unsecured obligations of the Company and are guaranteed by the Company and the subsidiaries of the Company. The Company applied the proceeds of the private placement transaction to repay the indebtedness outstanding under our senior unsecured revolving credit facility incurred in connection with the funding of the Cloverleaf and Lanier acquisitions, and general corporate purposes.

The Senior Unsecured Notes and guarantee agreement includes a prepayment option executable at any time during the term of the loans. The prepayment can be either a partial payment, or payment in full, as long as the partial payment is at least 5% of the outstanding principal. Any prepayment in full must include a make-whole amount, which is the discounted remaining scheduled payments due to the lender. The discount rate to be used is equal to 0.50% plus the yield to maturity reported for the most recently actively traded U.S. Treasury Securities with a maturity

equal to the remaining average life of the prepaid principal. The Company must give each lender at least 10 day’s written notice whenever it intends to prepay any portion of the debt.

If a change in control occurs for the Company, the Company must issue an offer to prepay the remaining portion of the debt to the lenders. The prepayment amount will be 100% of the principal amount, as well as accrued and unpaid interest.

The Senior Unsecured Notes require compliance with leverage ratios, secured and unsecured indebtedness ratios, and unsecured indebtedness to qualified assets ratios. In addition, the Company is required to maintain at all times a debt rating for each series of notes from a nationally recognized statistical rating organization. The Senior Unsecured Notes agreement includes the following financial covenants:


•	a maximum leverage ratio of less than or equal to 60% of our total asset value;


•	a maximum unsecured indebtedness to qualified assets ratio of less than 0.60 to 1.00;


•	a minimum fixed charge coverage ratio of greater than or equal to 1.50 to 1.00;


•	a minimum unsecured debt service ratio of greater than or equal to 2.00 to 1.00; and


•	a maximum total secured indebtedness ratio of less than 0.40 to 1.00.

As of December 31, 2019, the Company was in compliance with all debt covenants.

2013 Mortgage Loans

On May 1, 2013, we entered into a mortgage financing in an aggregate principal amount of $322.0 million, which we refer to as the 2013 Mortgage Loans. The debt consists of a senior debt note and two mezzanine notes. The components are cross-collateralized and cross-defaulted. The senior debt note requires monthly principal payments. The mezzanine notes require no principal payments until the stated maturity date in May 2023. The interest rates on the notes are fixed and range from 3.81% to 11.50% per annum. The senior debt note and the two mezzanine notes remain subject to yield maintenance provisions. We used the net proceeds of these loans to refinance certain mortgage loans, acquire two warehouses, and fund general corporate purposes.

The 2013 Mortgage Loans are collateralized by 15 warehouses. The terms governing the 2013 Mortgage Loans require us to maintain certain cash amounts in accounts that are restricted as to their use for the respective warehouses. As of December 31, 2019, the amount of restricted cash associated with the 2013 Mortgage Loans was $3.2 million. Additionally, if we do not maintain certain financial thresholds, including a debt service coverage ratio of 1.10x, the cash generated will further be temporarily restricted and limited to the use for scheduled debt service and operating costs. The debt service coverage ratio as of December 31, 2019 was 1.76x. The 2013 Mortgage Loans are non-recourse to the Company, subject to customary non-recourse provisions as stipulated in the agreements.

The mortgage loan also requires compliance with other financial covenants, including a debt coverage ratio and cash flow calculation, as defined. As of December 31, 2019, the Company was in compliance with all debt covenants.

Debt Covenants

The Company’s Senior Unsecured Credit Facilities, the Senior Unsecured Notes, and 2013 Mortgage Loans require financial statement reporting, periodic requirements to report compliance with established thresholds and performance measurements, and affirmative and negative covenants that govern allowable business practices of the Company. The affirmative and negative covenants include continuation of insurance, maintenance of collateral, the

maintenance of REIT status, and the Company’s ability to enter into certain types of transactions or exposures in the normal course of business. As of December 31, 2019, the Company was in compliance with all debt covenants.

Loss on debt extinguishment, modifications and termination of derivative instruments

During 2018, the Company completed multiple refinancing and extinguishment of debt transactions resulting in an aggregate amount of $47.6 million each of which was recorded to “Loss on debt extinguishment, modifications and termination of derivative instruments”. During the first quarter of 2018, simultaneous with the IPO, the Company closed on a Senior Secured Term Loan A and repaid the Term Loan B. Shortly thereafter, the Company amended the facility by repaying a portion of the Term Loan A and increasing the capacity on the revolving credit facility. The total amount recorded as a result of these transactions totaled $21.4 million, representing the write-off of unamortized deferred financing costs and debt discount from Term Loan B. During the fourth quarter of 2018, the 2010 Mortgage Loans were extinguished. This resulted in an $18.5 million defeasance fee, as well as a $3.4 million write-off of unamortized deferred financing costs. Additionally, during the fourth quarter of 2018, the ANZ Loans were fully prepaid, which resulted in a write-off of $2.2 million in unamortized deferred financing costs and $1.8 million charge for termination of the related interest rate swaps.

The aggregate maturities of indebtedness as of December 31, 2019, including amortization of principal amounts due under the mortgage notes for each of the next five years and thereafter, are as follows:



Years Ending December 31:	(In thousands)
2020	$	6,750
2021	7,035
2022	7,312
2023	737,346
2024	—
Thereafter	950,000
Aggregate principal amount of debt	1,708,443
Less unamortized deferred financing costs	(12,996		)
Total debt net of deferred financing costs	$	1,695,447

Special Purpose Entity (SPE) Separateness

Each of the Company’s legal entities listed in the table below is a special purpose, bankruptcy remote entity, meaning that such entity’s assets and credit are not available to satisfy the debt and other obligations of either the Company or any of its other affiliates.



Legal Entity/SPE		Related Obligation
ART Mortgage Borrower Propco 2013 LLC		2013 Mortgage Notes
ART Mortgage Borrower Opco 2013 LLC		2013 Mortgage Notes

For financial reporting purposes, the assets, liabilities, results of operations, and cash flows of each legal entity in the table above are included in the Company’s consolidated financial statements. Because each legal entity is separate and distinct from the Company and its affiliates, the creditors of each legal entity have a claim on the assets of such

legal entity prior to those assets becoming available to the legal entity’s equity holders and, therefore, to the creditors of the Company or its other affiliates.

Debt of the Operating Partnership

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt of the Operating Partnership

Debt of the Company

In this Note 9, the “Company” refers only to Americold Realty Trust and not to any of its subsidiaries.

The Company itself does not have any indebtedness. All debt is held directly or indirectly by the Operating Partnership.

Debt of the Operating Partnership

A summary of outstanding indebtedness of the Operating Partnership as of December 31, 2019 and 2018 is as follows (in thousands):



		Contractual Interest Rate	Effective Interest Rate as of December 31, 2019	2019					2018
Indebtedness	Stated Maturity Date			Carrying Amount			Estimated Fair Value		Carrying Amount			Estimated Fair Value
2013 Mortgage Loans
Senior note	5/2023	3.81%	4.14%	$	181,443		$	184,618	$	187,957		$	184,667
Mezzanine A	5/2023	7.38%	7.55%	70,000			70,525		70,000			67,900
Mezzanine B	5/2023	11.50%	11.75%	32,000			32,320		32,000			31,120
Total 2013 Mortgage Loans				283,443			287,463		289,957			283,687

Senior Unsecured Notes
Series A notes	1/2026	4.68%	4.77%	200,000			217,750		200,000			202,500
Series B notes	1/2029	4.86%	4.92%	400,000			439,000		400,000			407,000
Series C notes	1/2030	4.10%	4.15%	350,000			366,625		—			—
Total Senior Unsecured Notes				950,000			1,023,375		600,000			609,500

2018 Senior Unsecured Term Loan A Facility⁽¹⁾	1/2023	L+1.00%	3.14%	475,000			472,625		475,000			472,625

Total principal amount of indebtedness				1,708,443			1,783,463		1,364,957			1,365,812
Less deferred financing costs				(12,996		)	n/a		(13,943		)	n/a
Total indebtedness, net of unamortized deferred financing costs				$	1,695,447		$	1,783,463	$	1,351,014		$	1,365,812

2018 Senior Unsecured Revolving Credit Facility⁽¹⁾	1/2021	L+0.90%	0.36%	$	—		$	—	$	—		$	—


(1)	L = one-month LIBOR

2018 Senior Unsecured Credit Facility


•	a maximum leverage ratio of less than or equal to 60% of our total asset value;


•	a minimum borrowing base coverage ratio of greater than or equal to 1.00 to 1.00;


•	a minimum fixed charge coverage ratio of greater than or equal to 1.50 to 1.00;


•	a minimum borrowing base debt service coverage ratio of greater than or equal to 2.00 to 1.00;


•	a minimum tangible net worth requirement of greater than or equal to $1.1 billion plus 70% of any future net equity proceeds following the completion of the IPO transactions;


•	a maximum recourse secured debt ratio of less than or equal to 15% of our total asset value; and


•	a maximum secured debt ratio of less than or equal to 40% of total asset value.

Our 2018 Senior Unsecured Credit Facility is fully recourse to our Operating Partnership. As of December 31, 2019, the Company was in compliance with all debt covenants.

Series A, B and C Senior Unsecured Notes

equal to the remaining average life of the prepaid principal. The Company must give each lender at least 10 day’s written notice whenever it intends to prepay any portion of the debt.


•	a maximum leverage ratio of less than or equal to 60% of our total asset value;


•	a maximum unsecured indebtedness to qualified assets ratio of less than 0.60 to 1.00;


•	a minimum fixed charge coverage ratio of greater than or equal to 1.50 to 1.00;


•	a minimum unsecured debt service ratio of greater than or equal to 2.00 to 1.00; and


•	a maximum total secured indebtedness ratio of less than 0.40 to 1.00.

As of December 31, 2019, the Company was in compliance with all debt covenants.

2013 Mortgage Loans

Debt Covenants

Loss on debt extinguishment, modifications and termination of derivative instruments



Years Ending December 31:	(In thousands)
2020	$	6,750
2021	7,035
2022	7,312
2023	737,346
2024	—
Thereafter	950,000
Aggregate principal amount of debt	1,708,443
Less unamortized deferred financing costs	(12,996		)
Total debt net of deferred financing costs	$	1,695,447

Special Purpose Entity (SPE) Separateness



Legal Entity/SPE		Related Obligation
ART Mortgage Borrower Propco 2013 LLC		2013 Mortgage Notes
ART Mortgage Borrower Opco 2013 LLC		2013 Mortgage Notes

legal entity prior to those assets becoming available to the legal entity’s equity holders and, therefore, to the creditors of the Company or its other affiliates.

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

The Company is subject to volatility in interest rates due to variable-rate debt. To manage this risk, the Company has entered into multiple interest rate swap agreements. The January 2019 agreement hedges $100 million of variable interest-rate debt, or 21%, of the Company’s outstanding variable-rate debt as of December 31, 2019. The August 2019 agreement hedges $225 million of variable interest-rate debt, or 47%, of the Company’s outstanding variable-rate debt as of December 31, 2019. Each agreement converts the Company’s variable-rate debt to a fixed-rate basis for the next five years, thus reducing the impact of interest rate changes on future interest expense. These agreements involve the receipt of variable-rate amounts in exchange for fixed-rate interest payments over the life of the respective agreement without an exchange of the underlying notional amount. The Company’s objective for utilizing these derivative instruments is to reduce its exposure to fluctuations in cash flows due to changes in interest rates.

For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in Accumulated Other Comprehensive Income and subsequently reclassified into interest expense in the same period during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company estimates that an additional $0.2 million will be reclassified as an increase to interest expense. The Company classifies cash inflows and outflows from derivatives within operating activities on the Consolidated Statements of Cash Flows.

The Company is subject to volatility in foreign exchange rates due to foreign-currency denominated intercompany loans. The Company implemented cross-currency swaps to manage the foreign currency exchange rate risk on these intercompany loans. These agreements effectively mitigate the Company’s exposure to fluctuations in cash flows due to foreign exchange rate risk. These agreements involve the receipt of fixed USD amounts in exchange for payment of fixed AUD and NZD amounts over the life of the respective intercompany loan. The entirety of the Company’s outstanding intercompany loans receivable balances, $153.5 million AUD and $37.5 million NZD, were hedged under the cross-currency swap agreements at December 31, 2019.

For derivatives designated and that qualify as cash flow hedges of foreign exchange risk, the gain or loss on the derivative is recorded in Accumulated Other Comprehensive Income and subsequently reclassified in the period(s) during which the hedged transaction affects earnings within the same income statement line item as the earnings effect of the hedged transaction. During the next twelve months, the Company estimates that an additional $0.1 million will be reclassified as a decrease to interest expense. The Company classifies cash inflows and outflows from derivatives within operating activities on the Consolidated Statements of Cash Flows.

The Company is subject to volatility in foreign currencies against its functional currency, the US dollar. Periodically, the Company uses foreign currency derivatives including currency forward contracts to manage its exposure to fluctuations in the CAD-USD exchange rate. While these derivatives are hedging the fluctuations in foreign currencies, they do not meet the strict hedge accounting requirements to be classified as hedging instruments. As a result, the changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. As of December 31, 2019, the Company had two outstanding foreign exchange forward contracts, which were entered into in conjunction with the funding of the Nova Cold Acquisition that were not designated as hedges in a qualifying hedging relationship. The first contract was entered into in December 2019 with a notional to purchase 217.0 million CAD and sell USD maturing on January 2, 2020. The second contract was entered into simultaneously with a notional to sell 217 million CAD and purchase USD maturing on January 31, 2020. The net unrealized gain

(loss) on the change in fair value of the outstanding foreign exchange forward contracts included within “Foreign currency exchange gain (loss), net” on the accompanying Consolidated Statement of Operations for the year ended December 31, 2019 was less than ($0.1) million.

The Company determines the fair value of these derivative instruments using a present value calculation with significant observable inputs classified as Level 2 of the fair value hierarchy. Derivative asset balances are recorded on the accompanying Consolidated Balance Sheets within “Other assets” and derivative liability balances are recorded on the accompanying Consolidated Balance Sheets within “Accounts payable and accrued expenses”. The following table presents the fair value of the derivative financial instruments within “Other assets” and “Accounts payable and accrued expenses” as of December 31, 2019 and 2018 (in thousands):



	Derivative Assets				Derivative Liabilities
	As of December 31,				As of December 31,
	2019		2018		2019		2018
Designated derivatives
Foreign exchange contracts	$	1,376	$	2,283	$	—	$	—
Interest rate contracts	2,933		—		3,505		—

Undesignated derivatives
Foreign exchange forwards	2,546		—		2,589		—
Total fair value of derivatives	$	6,855	$	2,283	$	6,094	$	—

The following tables present the effect of the Company’s designated derivative financial instruments on the accompanying Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017, including the impacts to Accumulated Other Comprehensive Income (AOCI) (in thousands):



	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative								Location of Gain or (Loss) Reclassified from AOCI into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
	As of December 31,									As of December 31,
	2019			2018			2017			2019			2018			2017
Interest rate contracts	$	(571	)	$	(1,422	)	$	1,422	Interest expense	$	248		$	(1,191	)	$	(1,547	)
Foreign exchange contracts	(879		)	2,283			—		Foreign currency exchange gain, net	(264		)	3,449			—
Foreign exchange contracts	—			—			—		Interest expense	58			—			—
Total designated cash flow hedges	$	(1,450	)	$	861		$	1,422		$	42		$	2,258		$	(1,547	)

Total interest expense recorded in the Consolidated Statements of Operations was $94.4 million, $93.3 million and $114.9 million during the years ended December 31, 2019, 2018 and 2017, respectively. Total “Foreign currency exchange gain (loss), net”, recorded in the accompanying Consolidated Statements of Operations was nominal, $2.9 million and ($3.6) million during the years ended December 31, 2019, 2018, and 2017, respectively.

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of December 31, 2019 and 2018, respectively. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying Consolidated Balance Sheets (in thousands):



December 31, 2019
Offsetting of Derivative Assets
									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	6,855		$	—	$	6,855		$	(3,966	)	$	—	$	2,889

Offsetting of Derivative Liabilities
									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	(6,094	)	$	—	$	(6,094	)	$	3,966		$	—	$	(2,128	)



December 31, 2018
Offsetting of Derivative Assets
							Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	2,283	$	—	$	2,283	$	—	$	—	$	2,283

Offsetting of Derivative Liabilities
							Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	—	$	—	$	—	$	—	$	—	$	—

As of December 31, 2019, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $3.6 million. As of December 31, 2019, the Company has not posted any collateral related to these agreements. If the Company had breached any of these provisions at December 31, 2019, it could have been required to settle its obligations under the agreements at their termination value of $3.6 million.

The Company has agreements with each of its derivative counterparties that contain a provision where the Company could be declared in default on its derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to the Company's default on the indebtedness.

Refer to Note 22 for additional details regarding the impact of the Company’s derivatives on AOCI for the years ended December 31, 2019, 2018 and 2017, respectively.

Lease Accounting (Notes)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease Accounting

Arrangements wherein we are the lessee:

We have operating and finance leases for land, warehouses, offices, vehicles, and equipment with remaining lease terms ranging from 1 to 33 years. Many of our leases include one or more options to extend the lease term from 1 to 10 years that may be exercised at our sole discretion. Additionally, many of our leases for vehicles and equipment include options to purchase the underlying asset at or before expiration of the lease agreement. Rental payments are generally fixed over the term of the lease agreement with the exception of certain equipment leases for which the rental payment may vary based on usage of the asset. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

As of December 31, 2019, the rights and obligations with respect to leases which have been signed but have not yet commenced are not material to our financial position or results of operations.

The components of lease expense were as follows (in thousands):



	Year Ended December 31, 2019
Components of lease expense:
Operating lease cost (a)	$	29,205
Financing lease cost:
Depreciation	11,252
Interest on lease liabilities	2,941
Sublease income (b)	(499		)
Net lease expense	$	42,899

^(a)Includes short-term lease and variable lease costs, which are immaterial.

^(b) Sublease income relates to two warehouses in the U.S. and New Zealand.

For the years ended December 31, 2018 and 2017, rent expense of $36.7 million and $42.3 million, respectively, was recorded pursuant to ASC 840, Leases.

Other information related to leases is as follows:



	Year Ended December 31, 2019

Supplemental Cash Flow Information (in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(24,992	)
Operating cash flows from finance leases	$	(2,941	)
Financing cash flows from finance leases	$	(13,339	)
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	12,492
Finance leases	$	30,416
Weighted-average remaining lease term (years)
Operating leases	6.1
Finance leases	4.4
Weighted-average discount rate
Operating leases	4.1		%
Finance leases	5.5		%

Future minimum lease payments under non-cancellable leases as of December 31, 2019 were as follows (in thousands):



Years ending December 31,	Operating Lease Payments			Finance Lease Payments			Total Lease Payments
2020	$	23,399		$	18,534		$	41,933
2021	12,306			17,217			29,523
2022	9,622			11,987			21,609
2023	8,039			8,538			16,577
2024	4,596			4,827			9,423
Thereafter	14,296			5,386			19,682
Total future minimum lease payments	72,258			66,489			138,747
Less: Interest	(9,737		)	(8,249		)	(17,986		)
Total future minimum lease payments less interest	$	62,521		$	58,240		$	120,761

Reported as of December 31, 2019
Accounts payable and accrued expenses	$	179		$	70		$	249
Operating lease obligations	62,342			—			62,342
Finance lease obligations	—			58,170			58,170
Total lease obligations	$	62,521		$	58,240		$	120,761

Lease Accounting

Arrangements wherein we are the lessee:

As of December 31, 2019, the rights and obligations with respect to leases which have been signed but have not yet commenced are not material to our financial position or results of operations.

The components of lease expense were as follows (in thousands):



	Year Ended December 31, 2019
Components of lease expense:
Operating lease cost (a)	$	29,205
Financing lease cost:
Depreciation	11,252
Interest on lease liabilities	2,941
Sublease income (b)	(499		)
Net lease expense	$	42,899

^(a)Includes short-term lease and variable lease costs, which are immaterial.

^(b) Sublease income relates to two warehouses in the U.S. and New Zealand.

For the years ended December 31, 2018 and 2017, rent expense of $36.7 million and $42.3 million, respectively, was recorded pursuant to ASC 840, Leases.

Other information related to leases is as follows:



	Year Ended December 31, 2019

Supplemental Cash Flow Information (in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(24,992	)
Operating cash flows from finance leases	$	(2,941	)
Financing cash flows from finance leases	$	(13,339	)
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	12,492
Finance leases	$	30,416
Weighted-average remaining lease term (years)
Operating leases	6.1
Finance leases	4.4
Weighted-average discount rate
Operating leases	4.1		%
Finance leases	5.5		%

Future minimum lease payments under non-cancellable leases as of December 31, 2019 were as follows (in thousands):



Years ending December 31,	Operating Lease Payments			Finance Lease Payments			Total Lease Payments
2020	$	23,399		$	18,534		$	41,933
2021	12,306			17,217			29,523
2022	9,622			11,987			21,609
2023	8,039			8,538			16,577
2024	4,596			4,827			9,423
Thereafter	14,296			5,386			19,682
Total future minimum lease payments	72,258			66,489			138,747
Less: Interest	(9,737		)	(8,249		)	(17,986		)
Total future minimum lease payments less interest	$	62,521		$	58,240		$	120,761

Reported as of December 31, 2019
Accounts payable and accrued expenses	$	179		$	70		$	249
Operating lease obligations	62,342			—			62,342
Finance lease obligations	—			58,170			58,170
Total lease obligations	$	62,521		$	58,240		$	120,761

Lease Accounting

Arrangements wherein we are the lessee:

As of December 31, 2019, the rights and obligations with respect to leases which have been signed but have not yet commenced are not material to our financial position or results of operations.

The components of lease expense were as follows (in thousands):



	Year Ended December 31, 2019
Components of lease expense:
Operating lease cost (a)	$	29,205
Financing lease cost:
Depreciation	11,252
Interest on lease liabilities	2,941
Sublease income (b)	(499		)
Net lease expense	$	42,899

^(a)Includes short-term lease and variable lease costs, which are immaterial.

^(b) Sublease income relates to two warehouses in the U.S. and New Zealand.

For the years ended December 31, 2018 and 2017, rent expense of $36.7 million and $42.3 million, respectively, was recorded pursuant to ASC 840, Leases.

Other information related to leases is as follows:



	Year Ended December 31, 2019

Supplemental Cash Flow Information (in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(24,992	)
Operating cash flows from finance leases	$	(2,941	)
Financing cash flows from finance leases	$	(13,339	)
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	12,492
Finance leases	$	30,416
Weighted-average remaining lease term (years)
Operating leases	6.1
Finance leases	4.4
Weighted-average discount rate
Operating leases	4.1		%
Finance leases	5.5		%

Future minimum lease payments under non-cancellable leases as of December 31, 2019 were as follows (in thousands):



Years ending December 31,	Operating Lease Payments			Finance Lease Payments			Total Lease Payments
2020	$	23,399		$	18,534		$	41,933
2021	12,306			17,217			29,523
2022	9,622			11,987			21,609
2023	8,039			8,538			16,577
2024	4,596			4,827			9,423
Thereafter	14,296			5,386			19,682
Total future minimum lease payments	72,258			66,489			138,747
Less: Interest	(9,737		)	(8,249		)	(17,986		)
Total future minimum lease payments less interest	$	62,521		$	58,240		$	120,761

Reported as of December 31, 2019
Accounts payable and accrued expenses	$	179		$	70		$	249
Operating lease obligations	62,342			—			62,342
Finance lease obligations	—			58,170			58,170
Total lease obligations	$	62,521		$	58,240		$	120,761

Arrangements wherein we are the lessor:

We receive lease income as the lessor for certain buildings and warehouses or space within a warehouse. The remaining term on existing leases ranges from 1 to 9 years. Lease income is generally fixed over the duration of the contract and each lease contract contains clauses permitting extension or termination. Lease incentives and options for purchase of the leased asset by the lessee are generally not included.

The Company is party to operating leases only and currently does not have sales-type or direct financing leases. Lease income is included within “Rent, storage and warehouse services” in the accompanying Consolidated Statements of Operations as denoted in Note 27 “Revenues from Contracts with Customers”.

Property, buildings and equipment underlying operating leases is included in “Land” and “Buildings and improvements” on the accompanying Consolidated Balance Sheets. The gross value and net value of these assets was $786.4 million and $600.1 million, for Land and Buildings and improvements, respectively, as of December 31, 2019. Depreciation expense for such assets was $23.1 million for the year ended December 31, 2019.

Future minimum lease payments due from our customers on leases as of December 31, 2019 were as follows (in thousands):



	Operating Leases
Year ending December 31,	Operating Leases
2020	$	16,736
2021	13,223
2022	11,244
2023	9,782
2024	7,274
Thereafter	18,920
Total	$	77,179

Sale-Leasebacks of Real Estate

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Sale-Leasebacks of Real Estate

The Company’s outstanding sale-leaseback financing obligations of real estate-related long-lived assets as of December 31, 2019 and 2018 are as follows:



	Maturity	Interest Rate as of December 31, 2019	2019		2018
			(In thousands)
1 warehouse – 2010	7/2030	10.34%	$	18,994	$	19,265
11 warehouses – 2007	9/2027	7.00%-19.59%	96,765		99,655
Total sale-leaseback financing obligations			$	115,759	$	118,920

In September 2010, the Company entered into a transaction by which it assigned to an unrelated third party its fixed price “in the money” purchase option of $18.3 million on a warehouse it was leasing in Ontario, California. The purchase option was exercised in September 2010, and the Company simultaneously entered into a new 20-year lease agreement with the new owner and received $1.0 million of consideration to use towards warehouse improvements. Under the terms of the new lease agreement, the Company will exercise control over the asset for more than 90% of the asset’s remaining useful life, and it has a purchase option within the last six months of the initial lease term at 95% of the fair market value as of the date such option is exercised. The transaction was accounted for as a financing whereby the Company recognized a long-lived asset equal to the purchase price of $18.2 million, a receivable of $1.0 million for the additional consideration, and a financing obligation of $19.2 million. During 2019 and 2018, the principal balance was amortized by nominal amounts. The long-lived asset is being depreciated on a straight-line basis over its remaining economic useful life and a proportionate amount of each periodic rental payment is being charged to interest expense on the effective-interest-rate method.

In September 2007, the Company completed a sale-leaseback of 11 warehouses for gross proceeds of $170.7 million. Concurrent with the sale, the Company agreed to lease the properties for various initial terms of 10 to 20 years. The rent increases annually by 1.75%. The lease terms can be extended up to four times at the discretion of the Company, each for a five-year period. The leases are guaranteed by an unsecured indemnity from a related party and the Company had the ability to extend the lease through a period which exceeds 90.0% of the assets’ remaining useful lives. The transaction was accounted for as a financing with an amount of each periodic rental payment being charged to interest expense. The assets continue to be reflected as long-lived assets and depreciated over their remaining useful lives. In July 2013, the lease agreements for six of the 11 warehouses were amended. The amendments extended the expiration date on four of the warehouse leases to September 27, 2027, reduced the annual rent increases from 1.75% to 0.50% on five of the warehouse leases and released the guarantee by the unsecured indemnity from the related party. All of the 11 warehouses subject to the sale-leaseback transaction continue to be accounted for as a financing.

As of December 31, 2019, future minimum lease payments, inclusive of certain obligations to be settled with the residual value of related long-lived assets upon expiration of the lease agreement, of the sale-leaseback financing obligations are as follows:



Years Ending December 31:	(In thousands)
2020	$	17,087
2021	17,351
2022	17,619
2023	17,892
2024	18,170
Thereafter	115,090
Total minimum payments	203,209
Interest portion	(87,450		)
Present value of net minimum payments	$	115,759

Fair Value Measurements

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

The Company categorizes assets and liabilities that are recorded at fair values into one of three tiers based upon fair value hierarchy. These tiers include: Level 1, defined as quoted market prices in active markets for identical assets or liabilities; Level 2, defined as inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, model-based valuation techniques for which all significant assumptions are observable in the market, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and Level 3, defined as unobservable inputs that are not corroborated by market data. The carrying amounts of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued expenses and revolving line of credit approximate their fair values due to the short-term maturities of the instruments.

The Company’s mortgage notes, senior unsecured notes, and term loan are reported at their aggregate principal amount less unamortized deferred financing costs on the accompanying Consolidated Balance Sheets. The fair value of these financial instruments is estimated based on the present value of the expected coupon and principal payments using a discount rate that reflects the projected performance as of each valuation date. The inputs used to estimate the fair value of the Company’s mortgage notes, senior unsecured notes, and term loan are comprised of Level 2 inputs, including senior industrial commercial real estate loan spreads, trading data on comparable unsecured industrial REIT debt, corporate industrial loan indexes, risk-free interest rates, and Level 3 inputs, such as future coupon and principal payments, and projected future cash flows.

The Company’s financial assets and liabilities recorded at fair value on a recurring basis include derivative instruments. The fair value of interest rate swap and cross currency swap agreements, which are designated as cash flow hedges, is based on inputs other than quoted market prices that are observable (Level 2). The fair value of foreign currency forward contracts is based on adjusting the spot rate utilized at the balance sheet date for translation purposes by an estimate of the forward points observed in active markets (Level 2). Additionally, the fair value of derivatives includes a credit valuation adjustment to appropriately incorporate nonperformance risk for the Company and the respective counterparty. Although the credit valuation adjustments associated with derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties, the significance of the impact on the overall valuation of our derivative positions is insignificant. The Company’s cash equivalent money market funds and restricted cash assets are valued at quoted market prices in active markets for identical assets (Level 1), which the Company receives from the financial institutions that hold such investments on its behalf. The fair value hierarchy discussed above is also applicable to the Company’s pension and other post-retirement plans. The Company uses the fair value hierarchy to measure the fair value of assets held by various plans. Refer to Note 20 for the fair value of the pension plan assets. The Company recognizes transfers between levels within the hierarchy as of the beginning of the reporting period. There were no transfers between levels within the hierarchy for the years ended December 31, 2019 and 2018.

The Company’s assets and liabilities recorded at fair value on a non-recurring basis include long-lived assets when events or changes in circumstances indicate that the carrying amounts may not be recoverable. Additionally, the assets and liabilities recorded through acquisitions are measured at fair value on a non-recurring basis. Refer to Note 2 for asset acquisitions and Note 3 for business combinations, and the respective purchase price allocation of the Company’s acquisitions. The Company estimates the fair values using unobservable inputs classified as Level 3 of the fair value hierarchy.

The Company’s assets and liabilities measured or disclosed at fair value are as follows:



		Fair Value
	Fair Value Hierarchy	December 31,
	Fair Value Hierarchy	2019		2018
		(In thousands)
Measured at fair value on a recurring basis:
Interest rate swap asset	Level 2	$	2,936	$	—
Interest rate swap liability	Level 2	3,507		—
Cross-currency swap asset	Level 2	1,404		2,283
Foreign exchange forward contract asset	Level 2	2,546		—
Foreign exchange forward contract liability	Level 2	2,589		—
Assets held by various pension plans:
	Level 1	35,317		30,281
	Level 2	33,991		29,456
Disclosed at fair value:
Mortgage notes, senior unsecured notes and term loan⁽¹⁾	Level 3	$	1,783,463	$	1,365,812

⁽¹⁾The carrying value of mortgage notes, senior unsecured notes and term loan is disclosed in Note 10.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Dividends and Distributions

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Equity

Dividends and Distributions

In order to comply with the REIT requirements of the Internal Revenue Code, the Company is generally required to make common share distributions (other than capital gain distributions) to its shareholders at least equal to 90% of its REIT taxable income, as defined in the Code, computed without regard to the dividends paid deduction and net capital gains. The Company’s common share dividend policy is to distribute a percentage of cash flow to ensure distribution requirements of the IRS are met while allowing the Company to retain cash to meet other needs, such as principal amortization, capital improvements and other investment activities.

Common share dividends are characterized for U.S. federal income tax purposes as ordinary income, qualified dividend, capital gains, non-taxable income return of capital, or a combination of the four. Common share dividends that exceed current and accumulated earnings and profits (calculated for tax purposes) constitute a return of capital rather than a dividend and generally reduce the shareholder’s basis in the common share. At the beginning of each year, we notify our shareholders of the taxability of the common share dividends paid during the preceding year. The payment of common share dividends is dependent upon our financial condition, operating results, and REIT distribution requirements and may be adjusted at the discretion of the Company’s Board of Trustees.

The following tables summarize dividends declared and distributions paid to the holders of common shares and Series B Preferred Shares in 2019, 2018 and 2017:



2019 (Common Shares)
Month Declared/Paid	Dividend Per Share		Distributions Declared		Distributions Paid
(In thousands, except per share amounts)
December (2018)/January	$	0.1875	$	—	$	28,218
December ^(a)			—		(127		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
December (2018)/January			—		7			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
March/April	$	0.2000	30,235		30,235
March ^(b)			—		(142		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April			—		15			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	$	0.2000	38,764		38,764
June ^(c)			—		(172		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July			—		13			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.2000	38,795		38,795
October ^(d)			—		(170		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
September/October			—		7			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
December/January (2020)	$	0.2000	38,796		—
			$	146,590	$	135,443


(a)	Declared in December 2018 and included in the $28.2 million declared, see description to the right regarding timing of payment.


(b)	Declared in March and included in the $30.2 million declared, see description to the right regarding timing of payment.


(c)	Declared in June and included in the $38.8 million declared, see description to the right regarding timing of payment.


(d)	Declared in September and included in the $38.8 million declared, see description to the right regarding timing of payment.



2018
Month Declared/Paid	Dividend Per Share		Distributions Declared				Distributions Paid
			Common Shares		Series B Preferred Shares		Common Shares			Series B Preferred Shares
(In thousands, except per share amounts)
January ^(a)	$	0.0186	$	1,291	$	619	$	1,291		$	619
March/April	$	0.1396	20,145		—		20,145
March ^(c)			—		—		(79		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April			—		—		20			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	$	0.1875	27,250		—		27,250			—
June ^(d)			—		—		(118		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July			—		—		28			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.1875	28,072		—		28,072
October^(e)			—		—		(114		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
September/October			—		—		28			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
December/January (2019)	$	0.1875	28,218		—		—			—
			$	104,976			$	76,523

Series B Preferred Shares - Fixed Dividend
January ^(a)					1,198					1,198
Total distributions paid to holders of Series B Preferred Shares ^(b)					$	1,817				$	1,817


(a)	Stub period dividend paid to shareholders of record prior to the IPO.


(b)	Last participating and fixed dividend paid to holders of Series B Preferred Shares in connection with the conversion to common shares on the IPO date.


(c)	Declared in March and included in the $20.1 million declared, see description to the right regarding timing of payment.


(d)	Declared in June and included in the $27.3 million declared, see description to the right regarding timing of payment.


(e)	Declared in September and included in the $28.1 million declared, see description to the right regarding timing of payment.



2017
Month Declared	Dividend Per Share		Distributions Paid					Month Paid
			Common Shares		Series B Preferred Shares
(In thousands, except per share amounts)
March	$	0.0730	$	5,053	$	2,421		April
June	$	0.0730	5,054		2,422			July
September	$	0.0730	5,053		2,421			October
December	$	0.0730	5,054		2,422			December
			$	20,214	9,686		^(a)

Series B Preferred Shares - Fixed Dividend					18,750		^(b)
Total distributions paid to holders of Series B Preferred Shares					$	28,436


(a)	Participating dividend.


(b)	Paid in equal quarterly amounts along with the participating dividend.

The dividends declared and paid to holders of Series A Preferred Shares were $0.001 million and $0.016 million for the years ended December 31, 2018 and 2017, respectively. In 2018, in connection with the IPO, all outstanding Series A Preferred Shares were redeemed and there were no dividends for the year ended December 31, 2019.

For income tax purposes, distributions to preferred and common shareholders are characterized as ordinary income, capital gains, or as a return of shareholder invested capital. The composition of the Company’s distributions per common share and per preferred share is as follows:



Common Shares	2019		2018		2017
Ordinary income	83	%	66	%	85	%
Capital gains	0	%	0	%	0	%
Return of capital	17	%	34	%	15	%
	100	%	100	%	100	%



Preferred Shares	2019	2018		2017
Ordinary income	N/A	100	%	100	%
Capital gains	N/A	0	%	0	%
Return of capital	N/A	0	%	0	%
	N/A	100	%	100	%

Partners’ Capital

Allocations of Net Income and Net Losses to Partners

The Operating Partnership’s net income will generally be allocated to Americold Realty Trust (the general partner) and the Operating Partnership’s limited partner, Americold Realty Operations Inc., and certain trustees of Americold Realty Trust, in accordance with the respective percentage interests in the units issued by the Operating Partnership.

Net loss will generally be allocated to the general partner and the Operating Partnership’s limited partners in accordance with the respective common percentage interests in the Operating Partnership until the limited partner’s capital is reduced to zero and any remaining net loss would be allocated to the general partner. However, in some cases, losses may be disproportionately allocated to partners who have guaranteed our debt. The allocations described above are subject to special allocations relating to depreciation deductions and to compliance with the provisions of Sections 704(b) and 704(c) of the Code, and the associated Treasury Regulations.

Distributions

All distributions on our units are at the discretion of Americold Realty Trusts’ Board of Trustees. We have declared and paid the following distributions to Americold Realty Trust for the years ended December 31, 2019, 2018 and 2017 (in thousands):



2019
Month Declared/Paid	Distributions Declared		Distributions Paid
December (2018)/January	$	—	$	28,098
March/April	30,235		30,108
June/July	38,764		38,605
September/October	38,795		38,632
December/January (2020)	38,796		—
	$	146,590	$	135,443



2018
Month Declared/Paid	Distributions Declared		Distributions Paid
January ^(a)	$	3,242	$	3,242
March/April	20,145		20,086
June/July	27,250		27,160
September/October	28,072		27,986
December/January (2019)	28,218		—
	$	106,927	$	78,474


(a)	Stub period distribution paid to Parent immediately prior to the IPO.



2017
Month Declared/Paid	Distributions Paid
March/April	$	12,161
June/July	12,171
September/October	12,162
December	12,172
	$	48,666

Partner's Capital Partner's Capital

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Equity

Dividends and Distributions

The following tables summarize dividends declared and distributions paid to the holders of common shares and Series B Preferred Shares in 2019, 2018 and 2017:



2019 (Common Shares)
Month Declared/Paid	Dividend Per Share		Distributions Declared		Distributions Paid
(In thousands, except per share amounts)
December (2018)/January	$	0.1875	$	—	$	28,218
December ^(a)			—		(127		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
December (2018)/January			—		7			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
March/April	$	0.2000	30,235		30,235
March ^(b)			—		(142		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April			—		15			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	$	0.2000	38,764		38,764
June ^(c)			—		(172		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July			—		13			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.2000	38,795		38,795
October ^(d)			—		(170		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
September/October			—		7			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
December/January (2020)	$	0.2000	38,796		—
			$	146,590	$	135,443


(a)	Declared in December 2018 and included in the $28.2 million declared, see description to the right regarding timing of payment.


(b)	Declared in March and included in the $30.2 million declared, see description to the right regarding timing of payment.


(c)	Declared in June and included in the $38.8 million declared, see description to the right regarding timing of payment.


(d)	Declared in September and included in the $38.8 million declared, see description to the right regarding timing of payment.



2018
Month Declared/Paid	Dividend Per Share		Distributions Declared				Distributions Paid
			Common Shares		Series B Preferred Shares		Common Shares			Series B Preferred Shares
(In thousands, except per share amounts)
January ^(a)	$	0.0186	$	1,291	$	619	$	1,291		$	619
March/April	$	0.1396	20,145		—		20,145
March ^(c)			—		—		(79		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April			—		—		20			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	$	0.1875	27,250		—		27,250			—
June ^(d)			—		—		(118		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July			—		—		28			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.1875	28,072		—		28,072
October^(e)			—		—		(114		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
September/October			—		—		28			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
December/January (2019)	$	0.1875	28,218		—		—			—
			$	104,976			$	76,523

Series B Preferred Shares - Fixed Dividend
January ^(a)					1,198					1,198
Total distributions paid to holders of Series B Preferred Shares ^(b)					$	1,817				$	1,817


(a)	Stub period dividend paid to shareholders of record prior to the IPO.


(b)	Last participating and fixed dividend paid to holders of Series B Preferred Shares in connection with the conversion to common shares on the IPO date.


(c)	Declared in March and included in the $20.1 million declared, see description to the right regarding timing of payment.


(d)	Declared in June and included in the $27.3 million declared, see description to the right regarding timing of payment.


(e)	Declared in September and included in the $28.1 million declared, see description to the right regarding timing of payment.



2017
Month Declared	Dividend Per Share		Distributions Paid					Month Paid
			Common Shares		Series B Preferred Shares
(In thousands, except per share amounts)
March	$	0.0730	$	5,053	$	2,421		April
June	$	0.0730	5,054		2,422			July
September	$	0.0730	5,053		2,421			October
December	$	0.0730	5,054		2,422			December
			$	20,214	9,686		^(a)

Series B Preferred Shares - Fixed Dividend					18,750		^(b)
Total distributions paid to holders of Series B Preferred Shares					$	28,436


(a)	Participating dividend.


(b)	Paid in equal quarterly amounts along with the participating dividend.



Common Shares	2019		2018		2017
Ordinary income	83	%	66	%	85	%
Capital gains	0	%	0	%	0	%
Return of capital	17	%	34	%	15	%
	100	%	100	%	100	%



Preferred Shares	2019	2018		2017
Ordinary income	N/A	100	%	100	%
Capital gains	N/A	0	%	0	%
Return of capital	N/A	0	%	0	%
	N/A	100	%	100	%

Partners’ Capital

Allocations of Net Income and Net Losses to Partners

Distributions



2019
Month Declared/Paid	Distributions Declared		Distributions Paid
December (2018)/January	$	—	$	28,098
March/April	30,235		30,108
June/July	38,764		38,605
September/October	38,795		38,632
December/January (2020)	38,796		—
	$	146,590	$	135,443



2018
Month Declared/Paid	Distributions Declared		Distributions Paid
January ^(a)	$	3,242	$	3,242
March/April	20,145		20,086
June/July	27,250		27,160
September/October	28,072		27,986
December/January (2019)	28,218		—
	$	106,927	$	78,474


(a)	Stub period distribution paid to Parent immediately prior to the IPO.



2017
Month Declared/Paid	Distributions Paid
March/April	$	12,161
June/July	12,171
September/October	12,162
December	12,172
	$	48,666

Warrants (Notes)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Equity

Dividends and Distributions

The following tables summarize dividends declared and distributions paid to the holders of common shares and Series B Preferred Shares in 2019, 2018 and 2017:



2019 (Common Shares)
Month Declared/Paid	Dividend Per Share		Distributions Declared		Distributions Paid
(In thousands, except per share amounts)
December (2018)/January	$	0.1875	$	—	$	28,218
December ^(a)			—		(127		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
December (2018)/January			—		7			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
March/April	$	0.2000	30,235		30,235
March ^(b)			—		(142		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April			—		15			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	$	0.2000	38,764		38,764
June ^(c)			—		(172		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July			—		13			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.2000	38,795		38,795
October ^(d)			—		(170		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
September/October			—		7			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
December/January (2020)	$	0.2000	38,796		—
			$	146,590	$	135,443


(a)	Declared in December 2018 and included in the $28.2 million declared, see description to the right regarding timing of payment.


(b)	Declared in March and included in the $30.2 million declared, see description to the right regarding timing of payment.


(c)	Declared in June and included in the $38.8 million declared, see description to the right regarding timing of payment.


(d)	Declared in September and included in the $38.8 million declared, see description to the right regarding timing of payment.



2018
Month Declared/Paid	Dividend Per Share		Distributions Declared				Distributions Paid
			Common Shares		Series B Preferred Shares		Common Shares			Series B Preferred Shares
(In thousands, except per share amounts)
January ^(a)	$	0.0186	$	1,291	$	619	$	1,291		$	619
March/April	$	0.1396	20,145		—		20,145
March ^(c)			—		—		(79		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April			—		—		20			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	$	0.1875	27,250		—		27,250			—
June ^(d)			—		—		(118		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July			—		—		28			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.1875	28,072		—		28,072
October^(e)			—		—		(114		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
September/October			—		—		28			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
December/January (2019)	$	0.1875	28,218		—		—			—
			$	104,976			$	76,523

Series B Preferred Shares - Fixed Dividend
January ^(a)					1,198					1,198
Total distributions paid to holders of Series B Preferred Shares ^(b)					$	1,817				$	1,817


(a)	Stub period dividend paid to shareholders of record prior to the IPO.


(b)	Last participating and fixed dividend paid to holders of Series B Preferred Shares in connection with the conversion to common shares on the IPO date.


(c)	Declared in March and included in the $20.1 million declared, see description to the right regarding timing of payment.


(d)	Declared in June and included in the $27.3 million declared, see description to the right regarding timing of payment.


(e)	Declared in September and included in the $28.1 million declared, see description to the right regarding timing of payment.



2017
Month Declared	Dividend Per Share		Distributions Paid					Month Paid
			Common Shares		Series B Preferred Shares
(In thousands, except per share amounts)
March	$	0.0730	$	5,053	$	2,421		April
June	$	0.0730	5,054		2,422			July
September	$	0.0730	5,053		2,421			October
December	$	0.0730	5,054		2,422			December
			$	20,214	9,686		^(a)

Series B Preferred Shares - Fixed Dividend					18,750		^(b)
Total distributions paid to holders of Series B Preferred Shares					$	28,436


(a)	Participating dividend.


(b)	Paid in equal quarterly amounts along with the participating dividend.



Common Shares	2019		2018		2017
Ordinary income	83	%	66	%	85	%
Capital gains	0	%	0	%	0	%
Return of capital	17	%	34	%	15	%
	100	%	100	%	100	%



Preferred Shares	2019	2018		2017
Ordinary income	N/A	100	%	100	%
Capital gains	N/A	0	%	0	%
Return of capital	N/A	0	%	0	%
	N/A	100	%	100	%

Partners’ Capital

Allocations of Net Income and Net Losses to Partners

Distributions



2019
Month Declared/Paid	Distributions Declared		Distributions Paid
December (2018)/January	$	—	$	28,098
March/April	30,235		30,108
June/July	38,764		38,605
September/October	38,795		38,632
December/January (2020)	38,796		—
	$	146,590	$	135,443



2018
Month Declared/Paid	Distributions Declared		Distributions Paid
January ^(a)	$	3,242	$	3,242
March/April	20,145		20,086
June/July	27,250		27,160
September/October	28,072		27,986
December/January (2019)	28,218		—
	$	106,927	$	78,474


(a)	Stub period distribution paid to Parent immediately prior to the IPO.



2017
Month Declared/Paid	Distributions Paid
March/April	$	12,161
June/July	12,171
September/October	12,162
December	12,172
	$	48,666

Share-Based Compensation

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Share-Based Compensation

All share-based compensation cost is measured at the grant date, based on the estimated fair value of the award. The Company issues time-based, performance-based and market performance-based equity awards. Time-based and cliff vesting market performance-based awards are recognized on a straight-line basis over the employees’ requisite service period, as adjusted for estimate of forfeitures. Performance-based awards are recognized ratably over the vesting period using a graded vesting attribution model upon the achievement of the performance target, as adjusted for estimate of forfeitures. The only performance-based awards issued by the Company were granted in 2016 and 2017.

Aggregate share-based compensation charges were $15.9 million, $10.7 million and $2.4 million during the years ended December 31, 2019, 2018 and 2017, respectively. Approximately $12.8 million, $8.7 million and $2.4 million of these charges were considered routine share-based compensation expense, and were included as a component of “Selling, general and administrative” expense on the accompanying Consolidated Statements of Operations during the years ended December 31, 2019, 2018 and 2017, respectively. Approximately $3.1 million of share-based compensation expense was recorded during the year ended December 31, 2019 due to accelerated vesting of awards outstanding to former executives and an equity award modification upon trustee resignation, and were included as a component of “Acquisition, litigation and other” expense on the accompanying Consolidated Statements of Operations. Approximately $2.0 million of share-based compensation expense was recorded during the year ended December 31, 2018 as a result of modification to certain restricted stock units, and is included as a component of “Acquisition, litigation and other” expense on the accompanying Consolidated Statements of Operations. The award modifications and awards with accelerated vesting are discussed further under the section “Modification of Restricted Stock Units and Accelerated Vesting of Awards”. As of December 31, 2019, there was $24.7 million of unrecognized share‑based compensation expense related to stock options and restricted stock units, which will be recognized over a weighted-average period of 1.9 years.

Americold Realty Trust 2008 and 2010 Equity Incentive Plans

During December 2008, the Company and the common shareholders approved the Americold Realty Trust 2008 Equity Incentive Plan (2008 Plan), whereby the Company may issue either stock options or stock appreciation rights based upon a reserved pool of 4,900,025 common shares. No additional awards may be granted under the 2008 Plan. During December 2010, the Company and the common shareholders approved the Americold Realty Trust 2010 Equity Incentive Plan (2010 Plan), whereby the Company could issue stock options, stock appreciation rights, restricted stock, restricted stock units, stock bonus awards, and/or dividend equivalents with respect to the Company’s common shares, cash bonus awards, and/or performance compensation awards to certain eligible participants, as defined, based upon a reserved pool of 3,849,976 of the Company’s common shares. No additional awards may be granted under the 2010 Plan.

Americold Realty Trust 2017 Equity Incentive Plan

On January 4, 2018, the Company’s Board of Trustees adopted the Americold Realty Trust 2017 Equity Incentive Plan (2017 Plan), which permits the grant of various forms of equity- and cash-based awards from a reserved pool of 9,000,000 common shares of the Company. On January 17, 2018, the Company’s shareholders approved the 2017 Plan. Equity-based awards issued under the 2017 Plan have the rights to receive dividend equivalents on an accrual basis. Dividend equivalents for market performance-based awards are forfeitable in the event of termination for cause or when voluntary departure occurs during the vesting period. Otherwise, dividend equivalents are accrued at the time of declaration and paid upon the vesting of the awards. Time-based awards have the right to receive nonforfeitable dividend equivalent distributions on unvested units throughout the vesting period. As of December 31, 2019 and 2018, the Company accrued $1.1 million and $0.4 million, respectively, of dividend equivalents on unvested units payable to employees and non-employee trustees.

Modification of Restricted Stock Units and Accelerated Vesting of Awards

On January 4, 2018, the Company’s Board of Trustees approved the modification of awards to allow the grant of dividend equivalents to all participants in the 2010 Plan with respect to any and all vested restricted stock units of the Company that have not been settled or converted to shares pursuant to the 2010 Plan. On the same day, the Company’s Board of Trustees resolved that no further awards may be granted under the 2010 Plan after the approval of the 2017 Plan. As a result, the Company recognized share-based compensation expense of $2.0 million to reflect the change in fair value associated with the modification of the dividend equivalents rights of the outstanding equity awards under the 2010 Plan.

During the first quarter of 2019, the Company’s Compensation Committee approved the modification of an award issued in 2018 to a member of the Board of Trustees upon his resignation. This modification immediately accelerated the next vesting tranche of 100,000 restricted stock units which otherwise would not have vested until 2020 assuming the trustee continued service, under the original award agreement. As a result of this modification, the Company recognized approximately $2.9 million of share-based compensation expense during the first quarter of 2019.

Additionally, during the first quarter of 2019, the Company recognized accelerated share-based compensation expense of $0.2 million upon the termination of former executives, in accordance with the terms of their original award agreements.

Restricted Stock Units

Restricted stock units are nontransferable until vested. Prior to the issuance of a common share, the grantees of restricted stock units are not entitled to vote the shares. Time-based restricted stock unit awards vest in equal annual increments over the vesting period. The grant date fair values for time-based restricted unit stock awards is equal to the closing market price of Americold Realty Trust common stock on the grant date. Performance-based and market performance-based restricted stock unit awards vest upon the achievement of the performance target, as well as completion of performance period.

The following table summarizes restricted stock unit grants by grantee type during the years ended December 31, 2019, 2018 and 2017:



Year Ended December 31	Grantee Type	Number of Restricted Stock Units Granted	Vesting Period	Grant Date Fair Value (in thousands)
2019	Trustees	18,267	1 year	$	575
2019	Employees	504,984	1-3 years	$	16,843
2018	Trustees	373,438	1-3 years	$	5,975
2018	Employees	1,263,751	1-4 years	$	22,196
2017	Trustees	18,348	2-3 years	$	199
2017	Employees	141,288	5 years	$	1,897

Of the restricted stock units granted for the year ended December 31, 2019, (i) 12,285 were time-based restricted stock units with a one-year vesting period issued to non-employee trustees in recognition of their efforts and oversight in the first year as a public company, (ii) 5,982 were time-based restricted stock units with a one-year vesting period issued to non-employee trustees as part of their annual compensation (iii) 261,816 were time-based graded vesting restricted stock units with various vesting periods ranging from one to three years issued to certain employees and

(iv) 243,168 were market performance-based cliff vesting restricted stock units with a three-year vesting period issued to certain employees.

Of the restricted stock units granted for the year ended December 31, 2018, (i) 331,250 were time-based graded vesting restricted stock units with a three-year vesting period issued to non-employee trustees in connection with the IPO, (ii) 42,188 were time-based graded vesting restricted stock units with a one-year vesting period issued to non-employee trustees as part of their annual compensation, (iii) 659,751 were time-based graded vesting restricted stock units with various vesting periods ranging from one to four years years issued to certain employees and (iv) 604,000 were market performance-based cliff vesting restricted stock units with a three-year vesting period issued to certain employees.

Of the restricted stock units granted for the year ended December 31, 2017, (i) 18,348 were time-based graded vesting restricted stock units with a two-year and a three-year vesting period issued to non-employee trustees as part of their annual compensation, (ii) 69,860 were time-based graded vesting restricted stock units with a five-year vesting period issued to certain employees a (iii) 71,428 were performance-based cliff vesting restricted stock units with a five-year vesting period based upon achievement of annual Company EBITDA performance against target.

The following table provides a summary of restricted stock awards activity under the 2010 and 2017 Plans as of December 31, 2019:



Year Ended December 31, 2019
Restricted Stock	Number of Time-Based Restricted Stock Units		Aggregate Intrinsic Value (in millions)		Number of Performance-Based Restricted Stock Units		Aggregate Intrinsic Value (in millions)		Number of Market Performance-Based Restricted Stock Units		Aggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2018	1,028,256		$	26.3	71,428		$	1.8	587,500		$	15.0
Granted	280,083				—				243,168
Vested⁽¹⁾	(443,481	)			(14,286	)			—
Forfeited	(150,795	)			—				(51,480	)
Non-vested as of December 31, 2019	714,063		$	25.0	57,142		$	2.0	779,188		$	27.3
Shares vested, but not released⁽¹⁾	615,643		21.6		14,286		0.5		—		—
Total outstanding restricted stock units	1,329,706		$	46.6	71,428		$	2.5	779,188		$	27.3

(1)

For certain vested restricted stock units, common share issuance is contingent upon the first to occur of: (1) termination of service; (2) change in control; (3) death; or (4) disability, as defined in the 2010 Plan. Of these vested restricted stock units, 568,753 belong to a member of the Board of Trustees who has resigned and common shares shall not be issued until the first to occur: (1) change in control; or (2) April 13, 2022. Holders of these certain vested restricted stock units are entitled to receive dividend equivalents, but are not entitled to vote the shares until common shares are issued. The weighted average grant date fair value of these units is $9.29 per unit. During 2019, an additional 16,324 of these restricted stock units vested. Of the total restricted stock units vested, but not yet released, 613,605 time-based restricted stock units vested prior to January 1, 2019.

The weighted average grant date fair value of restricted stock units granted during years 2019, 2018, and 2017 was $33.29, $17.21 and $13.13 per unit, respectively. During the year ended December 31, 2019 the weighted average grant date fair value of vested and converted restricted stock units was $17.34 and forfeited restricted stock units

was $16.75. The weighted average grant date fair value of non-vested restricted stock units was $22.50 and $17.06 per unit as of December 31, 2019 and 2018, respectively.

Market Performance-Based Restricted Stock Units

During the year ended December 31, 2019, the Compensation Committee of the Board of Trustees approved the annual grant of market performance-based restricted stock units under the 2017 Plan to employees of the Company. The awards utilize relative total shareholder return (TSR) over a three-year measurement period as the market performance metric. Awards will vest based on the Company’s TSR relative to the RMZ over a three-year market performance period, or the Market Performance Period, commencing in January 1, 2019 and ending on December 31, 2021, as applicable (or, if earlier, ending on the date on which a change in control of the Company occurs), subject to continued services. Vesting with respect to the market condition is measured based on the difference between the Company’s TSR percentage and the TSR percentage of the RMZ, or the RMZ Relative Market Performance. In the event that the RMZ Relative Market Performance during the Market Performance Period is achieved at the “threshold,” “target” or “high” level as set forth below, the awards will become vested as to the market condition with respect to the percentage of RSUs, as applicable, set forth below:



Performance Level Thresholds	RMS Relative Market Performance	Market Performance Vesting Percentage
High Level	above 75^th percentile	200%
Target Level	55^th percentile	100%
Threshold Level	30^th percentile	50%
Below Threshold Level	below 30^th percentile	0%

If the RMZ Relative Market Performance falls between the levels specified above, the percentage of the award that will vest with respect to the market condition will be determined using straight-line linear interpolation between such levels.

Market performance-based restricted units granted during 2018 utilize absolute total shareholder return (TSR) over a three-year measurement period as the market performance metric. Awards will vest based on the Company’s TSR relative to the percentage appreciation (rounded to the nearest tenth of a percent), in the value per share of stock during the performance period, over a three-year market performance period, commencing on January 18, 2018 and ending on December 31, 2020 (or, if earlier, ending on the date on which a change in control of the Company occurs), subject to continued services. In the event that the TSR upon completion of the market performance period is achieved at the “minimum,” “target” or “maximum” level as set forth below, the awards will become vested as to the market condition with respect to the percentage RSUs, as applicable, set forth below:



Performance Level Thresholds	TSR	Market Performance Percentage
Maximum	12%	150% of Target Award
Target	10%	100% of Target Award
Minimum	8%	50% of Target Award

In the event TSR falls between 8% and 10%, TSR shall be determined using a straight line linear interpolation between 50% and 100% and in the event it falls between 10% and 12%, TSR shall be determined using a straight line linear interpolation between 100% and 150%.

In the event that the Company’s TSR does not meet 50% of the Target Award (i.e., the minimum threshold listed above), the Restricted Stock Units shall be automatically forfeited and neither the Company nor any Subsidiary shall have any further obligations to the participant under the agreement. In no event will the number of RSUs that vest pursuant to the agreement exceed 150% of the Target Award.

The fair values of the awards were measured using a Monte Carlo simulation to estimate the probability of the market vesting condition being satisfied. The Company’s achievement of the market vesting condition is contingent on its TSR over a three-year market performance period, relative to the total stock price. Monte Carlo simulation is well-accepted for pricing market based awards, where the number of shares that will vest depends on the future stock price movements. For each simulated path, the TSR is calculated at the end of the performance period and determines the vesting percentage based on achievement of the performance target. The fair value of the RSUs is the average discounted payout across all simulation paths. Assumptions used in the valuations are summarized as follows:



Award Date	Expected Stock Price Volatility	Risk-Free Interest Rate	Dividend Yield ⁽¹⁾
2018	25% - 30%	2.34% - 2.85%	N/A
2019	22%	2.40% - 2.43%	N/A


(1)	Dividends are assumed to be reinvested and therefore not applicable.

Performance-Based Restricted Stock Units

The grant of the performance-based restricted stock unit award in April 2017 resulted in a grant date fair value of $13.43 and was measured utilizing the Black-Scholes methodology. The Company’s achievement of the performance vesting condition was contingent on the achievement of Core EBITDA. The key assumptions used in the valuation of the April 2017 award were as follows:



Award Date	Expected Stock Price Volatility	Risk-Free Interest Rate	Dividend Yield
4/10/2017	30%	1.63%	2%

OP Units

During the year ended December 31, 2019, upon recommendation by the Compensation Committee, the Board of Trustees approved the grant of OP units in connection with future grants made to the Board of Trustees and management of the Company at the Senior Vice President level or above. The recipient will have the option to elect their grant in the form of either restricted stock units or OP units. As a result of this election, a total of 20,190 time-based OP Units were granted to certain trustees as part of their annual compensation. The OP units will vest in one year, had an aggregate grant date fair value of $0.7 million, and had an aggregate intrinsic value of $0.7 million as of December 31, 2019. During the year ended December 31, 2019, there were no OP units granted to management of the Company.

Stock Options Activity

The following table provides a summary of option activity for the year ended December 31, 2019:



	Number of Options		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Terms (Years)
Outstanding as of December 31, 2018	2,355,787		$	9.81	5.4
Granted	—		—
Exercised	(1,342,289	)	9.81
Forfeited or expired	(219,000	)	9.81
Outstanding as of December 31, 2019	794,498		$	9.81	5.8

Exercisable as of December 31, 2019	301,500		$	9.81	5.1

The total fair value at grant date of stock option awards that vested during the years ended December 31, 2019, 2018 and 2017 was approximately $0.9 million, $1.5 million and $1.6 million, respectively. The total intrinsic value of options exercised for the year ended December 31, 2019 and 2018 was $27.8 million and $38.8 million, respectively. There were no options exercised during the years ended December 31, 2017.

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

As discussed in Note 2, the Company operates in compliance with REIT requirements for federal income tax purposes. As a REIT, the Company must distribute at least 90 percent of its taxable income (including dividends paid to it by its TRSs). In addition, the Company must meet a number of other organizational and operational requirements. It is management’s intention to adhere to these requirements and maintain the Company’s REIT status. Most states where we operate conform to the federal rules recognizing REITs. On August 1, 2019, the Company issued OP Units of the Operating Partnership to unrelated third parties. As a result, the Operating Partnership is now a regarded partnership under federal tax law, and the Operating Partnership’s accompanying consolidated financial statements include the related provision balances for federal income taxes. Certain subsidiaries have made an election with the Company to be treated as TRSs in conjunction with the Company’s REIT election; the TRS elections permit us to engage in certain business activities in which the REIT may not engage directly. A TRS is subject to federal and state income taxes on the income from these activities. A provision for taxes of the TRSs and of foreign branches of the REIT is included in our consolidated financial statements.

On December 22, 2017, the U.S. government enacted comprehensive tax legislation in the form of the Tax Cuts and Jobs Act (TCJA) that significantly revised the U.S. tax code effective January 1, 2018 by, among other things, lowering the corporate income tax rate from a top marginal rate of 35% to a flat 21%, imposing a mandatory one-time deemed repatriation of unremitted foreign earnings (commonly referred to as the “transition tax”), limiting deductibility of interest expense and certain executive compensation, and implementing a territorial tax system. The full impact of this change in tax law is final and the Company completed its accounting for the tax effects of the TCJA as of December 31, 2018. As a result of adopting the TCJA, a $3.8 million non-recurring tax benefit was recognized in 2018 for the refund of alternative minimum tax credits.

The Company determined that no inclusion was required for the transition tax in 2018.

The Company recorded an opening deferred tax liability of $9.6 million as part of its preliminary purchase price allocation on the acquisitions. This deferred tax liability primarily arose from book to tax basis differences in land, buildings and equipment and intangible assets acquired offset by certain liabilities assumed in the acquisition. Purchase accounting related to the deferred income tax assets and liabilities acquired in the acquisitions is preliminary and subject to change as additional information is obtained.

The Company continues to assert that the undistributed earnings of its Argentine subsidiary are permanently reinvested. The Company changed its assertion for the earnings of its Canadian subsidiaries in 2018 due to the Company’s plans to remit cash in the future. During 2019 the Company recognized an amount of deferred tax liability related to the outside basis difference of $0.4 million in its Canadian subsidiaries. The Company plans on liquidating its Hong Kong subsidiary in 2020 and is, therefore, no longer asserting permanent reinvestment. However, the outside basis difference cannot be monetized in the US and, as a result, the associated deferred tax asset is not realizable in the near future. No additional income taxes have been provided for any additional outside basis difference inherent in the other foreign entities, as these amounts continue to be indefinitely reinvested in foreign operations. Undistributed earnings of the Argentine subsidiary amounted to approximately $13.8 million at December 31, 2019.

The global intangible low-taxed income (GILTI) provisions of the TCJA impose a tax on the income of certain foreign subsidiaries in excess of a specified return on tangible assets used by the foreign companies. The Company continues to account for the GILTI inclusion as a period cost and thus has not recorded any deferred tax liability associated with GILTI. There was no taxable deemed dividend recorded for the Company for the 2019 tax year. The amount of taxable deemed dividend recorded for the Company for the 2018 tax year is $0.2 million. Also, as a result of IRS guidance issued during the third quarter of 2018, the Company now includes any GILTI as REIT qualified income.

Following is a summary of the income/(loss) before income taxes in the U.S. and foreign operations:



	2019		2018		2017
	(In thousands)
U.S.	$	33,417	$	37,060	$	(11,212	)
Foreign	9,588		7,306		19,997
Pre-tax income	$	43,005	$	44,366	$	8,785

The benefit (expense) for income taxes for the years ended December 31, 2019, 2018 and 2017 is as follows:



	2019			2018			2017
	(In thousands)
Current
U.S. federal	$	(20	)	$	4,424		$	(4,848	)
State	(670		)	(353		)	(644		)
Foreign	(4,854		)	(3,604		)	(7,559		)
Total current portion	(5,544		)	467			(13,051		)

Deferred
U.S. federal	7,701			2,094			2,277
State	2,217			494			(72		)
Foreign	783			564			1,453
Total deferred portion	10,701			3,152			3,658
Total income tax benefit (expense)	$	5,157		$	3,619		$	(9,393	)

Income tax benefit (expense) attributable to income (loss) before income taxes differs from the amounts computed by applying the U.S. statutory federal income tax rate of 21% to income (loss) before income taxes. The reconciliation between the statutory rate and reported amount is as follows:



	2019			2018			2017
	(In thousands)
Income taxes at statutory rates	$	(9,031	)	$	(9,317	)	$	(2,987	)
Earnings (loss) from REIT - not subject to tax	9,526			9,015			(425		)
State income taxes, net of federal income tax benefit	(542		)	(187		)	(445		)
Provision to return	2			360			(205		)
Rate and permanent differences on non-U.S. earnings	(971		)	(1,228		)	668
Change in valuation allowance	2,761			(2,227		)	2,950
Non-deductible expenses	3,462			4,021			(2,345		)
Change in uncertain tax positions	(367		)	347			94
Effect of Tax Cuts and Jobs Act	—			3,797			(3,113		)
REIT excise tax	—			—			(4,772		)
Other	317			(962		)	1,187
Total	$	5,157		$	3,619		$	(9,393	)

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of December 31, 2019 and 2018 are as follows:



	2019			2018
	(In thousands)
Deferred tax assets:
Net operating loss and credits carryforwards	$	11,806		$	14,062
Accrued expenses	26,911			25,889
Share-based compensation	4,618			4,709
Lease obligations	9,674			—
Other assets	4,420			241
Total gross deferred tax assets	57,429			44,901
Less: valuation allowance	(16,043		)	(19,627		)
Total net deferred tax assets	41,386			25,274

Deferred tax liabilities:
Intangible assets and goodwill	(8,739		)	(5,628		)
Property, buildings and equipment	(38,358		)	(35,672		)
Lease right-of-use assets	(9,674		)	—
Other liabilities	(1,316		)	(1,144		)
Total gross deferred tax liabilities	(58,087		)	(42,444		)
Net deferred tax liability	$	(16,701	)	$	(17,170	)

As of December 31, 2019, the Company has gross U.S. federal net operating loss carryforwards of approximately $41.8 million, of which $20.4 million was generated prior to 2018 and will expire between 2032 and 2036. These losses are subject to an annual limitation under IRC section 382 as a result of our IPO and another ownership change experienced in March of 2019; however the limitation should not impair the Company’s ability to utilize the losses. The remaining $21.4 million was generated after 2017 and is subject to new laws as set forth by the TCJA and has no expiration date, but can only be utilized to offset up to 80% of future taxable income annually. The Company has gross state net operating loss carryforwards of approximately $36.1 million from its TRSs, which will expire at various times between 2020 and 2039. The Company has an Alternative Minimum Tax credit carryforward remaining in the amount of $2.2 million that can be used to offset regular tax until 2021 or any unused credit will continue to be partially refunded in 2019 and 2020 and fully refundable by 2021. Additionally, the Company has a federal Research and Experimentation Credit of approximately $0.9 million that will expire between 2036 and 2039.

Annually we consider whether it is more-likely-than-not that the deferred tax assets will be realized. In making this assessment, we consider recent operating results, the expected scheduled reversal of deferred tax liabilities, projected future taxable benefits and tax planning strategies. In performing our quarterly valuation allowance assessment during 2019, we concluded that certain deferred tax liabilities totaling $9.6 million from acquisitions during the year would be available to offset deferred tax assets for one of our U.S. TRSs that were historically subject to a valuation allowance. These deferred tax liabilities are are expected to turn and subsequently generate taxable income in the future. The $9.6 million benefit was offset by a $6.0 million increase to the valuation allowance for additional deferred tax assets created by that TRS. Consequently, we reduced the valuation allowance by $3.6 million from $19.6 million in 2018 to $16.0 million in 2019 associated with these deferred tax assets.

The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended December 31, 2019, 2018 and 2017:



	Tax			Interest			Penalties			Total
	(In thousands)
Balance at December 31, 2016*	$	857		$	19		$	8		$	884
Increases related to current-year tax positions	—			3			—			3
Decreases related to prior-year tax positions	—			(4		)	(8		)	(12		)
Decreases due to lapse in statute of limitations	(73		)	(12		)	—			(85		)
Balance at December 31, 2017*	784			6			—			790
Decreases due to lapse in statute of limitations	(353		)	(6		)	—			(359		)
Balance at December 31, 2018*	431			—			—			431
Increase related to current-year tax positions	367			—			—			367
Decreases due to lapse in statute of limitations	(431		)	—			—			(431		)
Balance at December 31, 2019*	$	367		$	—		$	—		$	367

*Balance would favorably affect the Company’s effective tax rate if recognized.

The Company’s unrecognized tax benefits include exposures related to positions taken on U.S. federal, state, and foreign income tax returns as of December 31, 2019. Due to the lapse in statutes of limitations during 2019, the Company reduced its unrecognized tax benefits related to U.S. federal and state exposures to zero offset by $0.4 million for a new position taken in a foreign jurisdiction at the end of 2019.

In the normal course of business, the Company’s tax returns are subject to examination by various taxing authorities. Such examinations may result in future tax and interest assessments by these taxing authorities and the Company has accrued a liability when it believes it is more likely than not that the tax position claimed on tax returns will not be sustained by the taxing authorities on the technical merits of the position. Changes in the recognition of the liability are reflected in the period in which the change in judgment occurs.

The Company accrues interest and penalties related to unrecognized tax benefits as a component of income tax expense.

As of December 31, 2019, the Company is generally no longer subject to U.S. federal, state, local, or foreign examinations by tax authorities for years before 2016. However, for U.S. income tax purposes, the 2012 and 2013 tax years were open, to the extent that net operating losses were generated in those years and continue to be subject to adjustments from taxing authorities in the tax year they are utilized.

In the fourth quarter of 2016, the Company filed a ruling request with the IRS for confirmation of a tax position for which it believes qualifies (more likely than not) for the treatment historically applied by the Company. The Company settled the positions with the IRS in December 2017 and was required to make an excise tax payment in the amount of $4.3 million including interest to resolve the matter for years prior to 2017 and paid $0.6 million in 2018 to resolve the matter for 2017. The payments, excluding interest, are included in “Total income tax benefit (expense)” in the Consolidated Statement of Operations for the year ended December 31, 2017.

Variable Interest Entities	12 Months Ended
Variable Interest Entities	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities New Market Tax Credit On May 1, 2019, the Company assumed a financing arrangement born out of the New Markets Tax Credit (“NMTC” or “NMTC Transactions”) program. These financing arrangements were originated by Cloverleaf in 2015 to monetize state and federal tax credits related to the construction of a cold storage warehouse in Monmouth, Illinois. The NMTC program was provided for in the Community Renewal Tax Relief Act of 2000 (“the Act”) and is intended to induce capital investment in qualified lower income communities. The structure of the financing arrangement is such that Cloverleaf lent money to investment funds into which tax credit investors also made capital contributions. The tax credit investors receive the benefit of the resulting tax credits in exchange for their capital contributions to the investment funds. Tax credits were generated through contribution of the investment fund’s proceeds into special purpose entities having authority from the U.S. Department of Treasury to receive tax credits in exchange for qualifying investments. These entities, known as a Community Development Entities (“CDE”), made qualifying investments in the Monmouth, Illinois cold storage facility in the form of loans payable by Cloverleaf. The loan agreements for monies lent to the investments funds and amounts payable to the CDEs extend through 2045 but contain provisions permitting dissolution in 2022. This coincides with the conclusion of the seven-year compliance period during which the tax credits may be recognized and the NMTCs are subject to 100% recapture. Based on the nature of the arrangements, we expect them to dissolve in 2022. The Company has determined that the financing arrangement with the investment funds and CDEs contains a variable interest entity (“VIE”). The ongoing activities of the investment funds - collecting and remitting interest and fees and NMTC compliance - were all considered in the initial design and are not expected to significantly affect economic performance throughout the life of the investment funds. Management considered the contractual arrangements that obligate the Company to deliver tax benefits and provide various other guarantees to the structure; the tax credit investor’s lack of a material interest in the underling economics of the project; and the fact that the Company is obligated to absorb losses of the investment funds. The Company concluded that it is the primary beneficiary of the VIE and consolidated the investments funds and CDEs, as VIEs, in accordance with the accounting standards for consolidation. Through NMTC Transactions, the Company effectively received net loan proceeds equal to the tax credit investor’s contributions to the investment funds. At inception of the arrangement in 2015, the benefit of contributions by tax credit investor’s totaled approximately $5.6 million. The Company is recognizing the benefit of the contributions ratably over the life of the project which these proceeds were used to fund. As of December 31, 2019, the balance of the deferred contribution liability was $4.9 million, which is included in “Accounts payable and accrued expenses” on the Consolidated Balance Sheets. The Company is required to be in compliance with various regulations and contractual provisions that apply to the NMTC arrangement. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, could require the Company to indemnify the tax credit investors for any loss or recapture of NMTCs related to the financing until such time as the obligation to deliver tax benefits is relieved. The Company is in compliance with all applicable requirements and does not anticipate any credit recaptures will result in connection with this arrangement.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

Employee Benefit Plans

Defined Benefit Pension and Post-Retirement Plans

The Company has defined benefit pension plans that cover certain union and nonunion employees in the U.S. Benefits under these plans are based either on years of credited service and compensation during the years preceding retirement or on years of credited service and established monthly benefit levels. The Company also has a post-retirement plan that provides life insurance coverage to eligible retired employees (collectively, with the defined benefit plans, the U.S. Plans). The Company froze benefit accruals for the U.S. Plans for nonunion employees effective April 1, 2005, and these employees no longer earn additional pension benefits. The Company also has a defined benefit plan that covers certain employees in Australia and is referenced as superannuation (the Offshore Plan). The Company uses a December 31 measurement date for the U.S. Plans and the Offshore Plan.

Actuarial information regarding these plans is as follows:



	2019
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits			Superannuation			Total
Change in benefit obligation:	(In thousands)
Benefit obligation – January 1, 2019	$	(43,364	)	$	(30,627	)	$	(678	)	$	(1,385	)	$	(76,054	)
Service cost	—			—			—			(78		)	(78		)
Interest cost	(1,590		)	(1,245		)	(23		)	(49		)	(2,907		)
Actuarial loss	(3,251		)	(4,167		)	(62		)	(77		)	(7,557		)
Benefits paid	2,990			1,003			—			447			4,440
Plan participants’ contributions	—			—			—			(12		)	(12		)
Foreign currency translation loss	—			—			—			2			2
Effect of settlement	—			—			152			—			152
Benefit obligation – end of year	(45,215		)	(35,036		)	(611		)	(1,152		)	(82,014		)

Change in plan assets:
Fair value of plan assets – January 1, 2019	34,958			23,277			—			1,502			59,737
Actual return on plan assets	6,804			4,556			—			237			11,597
Employer contributions	1,339			1,011			152			58			2,560
Benefits paid	(2,990		)	(1,003		)	—			(447		)	(4,440		)
Effect of settlement	—			—			(152		)	—			(152		)
Plan participants’ contributions	—			—			—			12			12
Foreign currency translation loss	—			—			—			(6		)	(6		)
Fair value of plan assets – end of year	40,111			27,841			—			1,356			69,308
Funded status	$	(5,104	)	$	(7,195	)	$	(611	)	$	204		$	(12,706	)

Amounts recognized on the consolidated balance sheet as of December 31, 2019:
Pension and post-retirement liability	$	(5,104	)	$	(7,195	)	$	(611	)	$	204		$	(12,706	)
Accumulated other comprehensive loss (income)	6,417			4,501			(21		)	62			10,959
Amounts in accumulated other comprehensive loss consist of:
Net loss (gain)	6,417			4,501			(21		)	(15		)	10,882
Prior service cost	—			—			—			77			77

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net (gain) loss	(1,793		)	788			(94		)	(78		)	(1,177		)
Amortization of net (loss) gain	(1,509		)	(564		)	4			—			(2,069		)
Amortization of prior service cost	—			—			—			(28		)	(28		)
Amount recognized due to special event	—			—			5			5			10
Foreign currency translation loss	—			—			—			(5		)	(5		)
Total recognized in other comprehensive loss (income)	$	(3,302	)	$	224		$	(85	)	$	(106	)	$	(3,269	)

Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	45,215		$	35,036		$	611		$	1,152		$	82,014
Accumulated benefit obligation	$	45,215		$	35,036		$	611		$	1,038		$	81,900
Fair value of plan assets	$	40,111		$	27,841		$	—		$	1,356		$	69,308



	2018
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits			Superannuation			Total
Change in benefit obligation:	(In thousands)
Benefit obligation – January 1, 2018	$	(45,386	)	$	(33,405	)	$	(691	)	$	(3,002	)	$	(82,484	)
Service cost	(31		)	(78		)	—			(137		)	(246		)
Interest cost	(1,418		)	(1,199		)	(20		)	(104		)	(2,741		)
Actuarial loss	753			3,125			33			179			4,090
Benefits paid	2,718			930			—			1,391			5,039
Plan participants’ contributions	—			—			—			(21		)	(21		)
Foreign currency translation gain	—			—			—			309			309
Benefit obligation – end of year	(43,364		)	(30,627		)	(678		)	(1,385		)	(76,054		)

Change in plan assets:
Fair value of plan assets – January 1, 2018	38,218			24,518			—			2,992			65,728
Actual return on plan assets	(2,042		)	(1,446		)	—			50			(3,438		)
Employer contributions	1,499			1,135			—			125			2,759
Benefits paid	(2,717		)	(930		)	—			(1,391		)	(5,038		)
Plan participants’ contributions	—			—			—			21			21
Foreign currency translation gain	—			—			—			(295		)	(295		)
Fair value of plan assets – end of year	34,958			23,277			—			1,502			59,737
Funded status	$	(8,406	)	$	(7,350	)	$	(678	)	$	117		$	(16,317	)

Amounts recognized on the consolidated balance sheet as of December 31, 2018:
Pension and post-retirement liability	$	(8,406	)	$	(7,350	)	$	(678	)	$	117		$	(16,317	)
Accumulated other comprehensive loss (income)	9,718			4,278			(92		)	170			14,074
Amounts in accumulated other comprehensive loss consist of:
Net loss (gain)	9,718			4,278			(92		)	65			13,969
Prior service cost	—			—			—			105			105

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net loss (gain)	3,337			(311		)	(34		)	(66		)	2,926
Amortization of net gain	(1,244		)	(715		)	—			—			(1,959		)
Amortization of prior service cost	—			—			—			(28		)	(28		)
Amount recognized due to special event	—			—			—			(64		)	(64		)
Foreign currency translation loss	—			—			—			26			26
Total recognized in other comprehensive loss (income)	$	2,093		$	(1,026	)	$	(34	)	$	(132	)	$	901

Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	43,364		$	30,627		$	678		$	1,385		$	76,054
Accumulated benefit obligation	$	43,364		$	30,627		$	678		$	1,186		$	75,855
Fair value of plan assets	$	34,958		$	23,277		$	—		$	1,502		$	59,737

The components of net period benefit cost for the years ended December 31, 2019, 2018 and 2017 are as follows:



	December 31, 2019
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits			Superannuation			Total
Components of net periodic benefit cost:	(In thousands)
Service cost	$	—		$	—		$	—		$	78		$	78
Interest cost	1,590			1,245			23			49			2,907
Expected return on plan assets	(1,760		)	(1,176		)	—			(74		)	(3,010		)
Amortization of net loss (gain)	1,509			564			(4		)	—			2,069
Amortization of prior service cost	—			—			—			28			28
Effect of settlement	—			—			(5		)	(5		)	(10		)
Net pension benefit cost	$	1,339		$	633		$	14		$	76		$	2,062



	December 31, 2018
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits		Superannuation			Total
Components of net periodic benefit cost:	(In thousands)
Service cost	$	31		$	78		$	—	$	137		$	246
Interest cost	1,418			1,199			20		104			2,741
Expected return on plan assets	(2,047		)	(1,369		)	—		(172		)	(3,588		)
Amortization of net loss	1,244			715			—		—			1,959
Amortization of prior service cost	—			—			—		30			30
Effect of settlement	—			—			—		68			68
Net pension benefit cost	$	646		$	623		$	20	$	167		$	1,456



	December 31, 2017
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits			Superannuation			Total
Components of net periodic benefit cost:	(In thousands)
Service cost	$	65		$	504		$	—		$	153		$	722
Interest cost	1,583			1,256			22			120			2,981
Expected return on plan assets	(1,757		)	(1,175		)	—			(174		)	(3,106		)
Amortization of net loss (gain)	1,889			815			(1		)	—			2,703
Amortization of prior service cost	—			212			—			9			221
Effect of settlement	—			—			(4		)	67			63
Net pension benefit cost	$	1,780		$	1,612		$	17		$	175		$	3,584

The service cost component of defined benefit pension cost and postretirement benefit cost are presented in “Selling, general and administrative” and all other components of net period benefit cost are presented in “Other (expense) income, net” on the Consolidated Statements of Operations.

The Company recognizes all changes in the fair value of plan assets and net actuarial gains or losses at December 31 each year. Prior service costs and gains/losses are amortized based on a straight-line method over the average future service of members that are expected to receive benefits.

All actuarial gains/losses are exposed to amortization over an average future service period of 6.3 years for the Retirement Income Plan, 7.4 years for the National Service-Related Pension Plan, 5.0 years for Other Post-Retirement Benefits, and 5.8 years for Superannuation as of December 31, 2019.

The weighted average assumptions used to determine benefit obligations and net period benefit costs for the years ended December 31, 2019, 2018 and 2017 are as follows:



	December 31, 2019
	Retirement Income Plan		National Service-Related Pension Plan		Other Post-Retirement Benefits		Superan- nuation
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	3.00	%	3.25	%	2.55	%	2.30	%
Rate of compensation increase	N/A		N/A		N/A		3.25	%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	3.95	%	4.15	%	3.70	%	3.70	%
Expected return on plan assets	6.50	%	6.50	%	N/A		5.00	%
Rate of compensation increase	3.50	%	N/A		N/A		3.25	%



	December 31, 2018
	Retirement Income Plan		National Service-Related Pension Plan		Other Post-Retirement Benefits		Superan- nuation
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	3.95	%	4.15	%	3.70	%	3.70	%
Rate of compensation increase	3.50	%	N/A		N/A		3.25	%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	3.35	%	3.65	%	3.10	%	3.70	%
Expected return on plan assets	7.00	%	7.00	%	N/A		6.00	%
Rate of compensation increase	3.50	%	N/A		N/A		4.00	%



	December 31, 2017
	Retirement Income Plan		National Service-Related Pension Plan		Other Post-Retirement Benefits		Superan- nuation
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	3.35	%	3.65	%	3.10	%	3.70	%
Rate of compensation increase	3.50	%	N/A		N/A		4.00	%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	3.75	%	4.15	%	3.40	%	4.20	%
Expected return on plan assets	7.00	%	7.00	%	N/A		6.00	%
Rate of compensation increase	3.50	%	N/A		N/A		4.00	%

The estimated net loss for the defined benefit plans in the U.S. that will be amortized from accumulated other comprehensive loss into net periodic benefit cost during 2020 is $1.6 million. There is no estimated prior service cost associated with this plan to be amortized from accumulated other comprehensive income during 2020.

There is no estimated net gain for the Offshore Plan that will be amortized from accumulated other comprehensive income into net periodic benefit cost during 2020. The estimated prior service cost associated with this plan to be amortized from accumulated other comprehensive income during 2020 is nominal.

The Company determines the expected return on plan assets based on their market value as of December 31 of each year, as adjusted for a) expected employer contributions, b) expected benefit distributions, and c) estimated administrative expenses.

Plan Assets

The Company’s overall investment strategy is to achieve a mix of investments for long-term growth and near-term benefit payments. The Company invests in both U.S. and non-U.S. equity securities, fixed-income securities, and real estate.

The allocations of the U.S. Plans’ and the Offshore Plan’s investments by fair value as of December 31, 2019 and 2018 are as follows:



	U.S. Plans			Offshore Plan
	Actual		Target Allocation	Actual		Target Allocation
	2019	2018	Target Allocation	2019	2018	Target Allocation

U.S. equities	35%	35%	25–55%	20%	16%	19%
Non-U.S. equities	25%	25%	15–45%	42%	46%	41%
Fixed-income securities	35%	35%	15–40%	8%	9%	13%
Real estate	5%	5%	0–5%	8%	8%	8%
Cash and other	—%	—%	—%	22%	21%	19%

To develop the assumption for the long-term rate of return on assets, the Company considered the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the U.S. Plans’ and Offshore Plan’s assets and the effect of periodic rebalancing, consistent with the Company’s investment strategies. For 2020, the Company expects to receive a long-term rate of return of 6.5% for the U.S. Plans and 5.0% for the Offshore Plan. All plans are invested to maximize the return on assets while minimizing risk by diversifying across a broad range of asset classes.

The fair values of the Company’s pension plan assets as of December 31, 2019, by category, are as follow:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of December 31, 2019
Assets	(In thousands)
U.S. equities:
Large cap⁽¹⁾	$	—	$	17,698	$	—	$	17,698
Medium cap⁽¹⁾	—		3,404		—		3,404
Small cap⁽¹⁾	1,360		1,360		—		2,720
Non-U.S. equities:
Large cap⁽²⁾	12,919		—		—		12,919
Emerging markets⁽³⁾	4,060		—		—		4,060
Fixed-income securities:
Money markets⁽⁴⁾	—		3,381		—		3,381
U.S. bonds⁽⁵⁾	10,172		3,397		—		13,569
Non-U.S. bonds⁽⁵⁾	6,806		—		—		6,806
Real estate⁽⁶⁾	—		3,395		—		3,395
Common/collective trusts	—		1,356		—		1,356
Total assets	$	35,317	$	33,991	$	—	$	69,308

The fair values of the Company’s pension plan assets as of December 31, 2018, by category, are as follows:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of December 31, 2018
Assets	(In thousands)
U.S. equities:
Large cap⁽¹⁾	$	—	$	15,141	$	—	$	15,141
Medium cap⁽¹⁾	—		2,912		—		2,912
Small cap⁽¹⁾	1,165		1,165		—		2,330
Non-U.S. equities:
Large cap⁽²⁾	11,065		—		—		11,065
Emerging markets⁽³⁾	3,494		—		—		3,494
Fixed-income securities:
Money markets⁽⁴⁾	—		2,912		—		2,912
U.S. bonds⁽⁵⁾	8,735		2,912		—		11,647
Non-U.S. bonds⁽⁵⁾	5,822		—		—		5,822
Real estate⁽⁶⁾	—		2,912		—		2,912
Common/collective trusts	—		1,502		—		1,502
Total assets	$	30,281	$	29,456	$	—	$	59,737


⁽¹⁾	Includes funds that primarily invest in U.S. common stock.


⁽²⁾	Includes funds that invest primarily in foreign equity and equity-related securities.


⁽³⁾	Includes funds that invest primarily in equity securities of companies in emerging market countries.


⁽⁴⁾	Includes funds that invest primarily in short-term securities, such as commercial paper.


⁽⁵⁾	Includes funds either publicly traded (Level 1) or within a separate account (Level 2) held by a regulated investment company. These funds hold primarily debt and fixed-income securities.


⁽⁶⁾	Includes funds in a separate account held by a regulated investment company that invest primarily in commercial real estate and includes mortgage loans which are backed by the associated properties. The Company can call the investment in these assets with no restrictions.

The U.S. Plans’ assets are in commingled funds that are valued using net asset values. The net asset values are based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding. The pension assets are classified as Level 1 when the net asset values are based on a quoted price in an active market. The U.S. Plans’ assets are classified as Level 2 when the net asset value is based on a quoted price on a private market that is not active and the underlying investments are traded on an active market.

The Offshore Plans are common/collective trusts and commingled trusts investments, which invest in other collective trust funds otherwise known as the underlying funds. The Company’s interests in the commingled trust funds are based on the fair values of the investments of the underlying funds and therefore are classified as Level 2.

As of December 31, 2019 and 2018, the Company does not have any investments classified as Level 3.

Cash Flow

The Company expects to contribute to all plans an aggregate of $2.5 million in 2020.

Estimated Future Benefit Payments

The following benefit payments, which reflect expected future services, as appropriate, are expected to be paid for all plans as of December 31, 2019:



Years Ending December 31:	(In thousands)
2020	$	7,796
2021	5,090
2022	5,034
2023	4,862
2024	4,867
Thereafter	22,846
	$	50,495

Multi-Employer Plans

The Company contributes to a number of multi-employer benefit plans under the terms of collective bargaining agreements that cover union-represented employees. These plans generally provide for retirement, death, and/or termination benefits for eligible employees within the applicable collective bargaining units, based on specific eligibility/participation requirements, vesting periods, and benefit formulas. The risks of participating in these multi-employer plans are different from single-employer plans in the following aspects:


•	Assets contributed to the multi-employer plan by one employer may be used to provide benefits to employees of other current or former participating employers.


•	If a participating employer stops contributing to the multi-employer plan without paying its unfunded liability, the unfunded obligations of the plan may be borne by the remaining participating employers.


•	If the Company chooses to cease participation in a multi-employer plan, such full withdrawal is subject to the payment of any unfunded liability applicable to the Company, referred to as a withdrawal liability. Additionally, such withdrawal is subject to collective bargaining.

The table below outlines the Company’s participation in multi-employer pension plans for the periods ended December 31, 2019, 2018 and 2017, and sets forth the contributions into each plan. The “EIN/Pension Plan Number” column provides the Employer Identification Number (EIN) and the three-digit plan number. The most recent Pension Protection Act zone status available in 2018 and 2019 relates to the plans’ two most recent fiscal year-ends. The zone status is based on information that we received from the plans’ administrators and is certified by each plan’s actuary. Among other factors, plans certified in the red zone are generally less than 65% funded, plans certified in the orange zone are (i) less than 80% funded and (ii) have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans certified in the yellow zone are less than 80% funded, and plans certified in the green zone are at least 80% funded. The “FIP/RP Status Pending/Implemented” column indicates whether a financial improvement plan (FIP) for yellow/orange zone plans, or a rehabilitation plan (RP) for red zone plans, is

either pending or has been implemented. As of December 31, 2019, all plans that have either a FIP or RP requirement have had the respective FIP or RP implemented (see table below).

The Company’s collective-bargained contributions satisfy the requirements of all implemented FIPs and RPs and do not currently require the payment of any surcharges. In addition, minimum contributions outside the agreed-upon contractual rate are not required. For the plans detailed in the following table, the expiration dates of the associated collective bargaining agreements range from February 13, 2019 to June 30, 2026. For all the plans detailed in the following table, the Company has not contributed more than 5% of the total plan contribution for 2019, 2018 and 2017.

The Company contributes to multi-employer plans that cover approximately 60% of union employees. The amounts charged to expense within the Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017 were $18.0 million, $17.4 million and $17.0 million, respectively. Projected minimum contributions required for the upcoming fiscal year are approximately $17.3 million.

During the third quarter of 2017, the Company recorded a charge of $9.2 million representing the present value of a liability associated with its withdrawal obligation under the New England Teamsters & Trucking Industry Multi-Employer Pension Fund (the Fund) for hourly, unionized associates at four of its domestic warehouse facilities. The Fund is significantly underfunded in accordance with Employee Retirement Income Security Act of 1974 (ERISA) funding standards and, therefore, ERISA required the Fund to develop a Rehabilitation Plan. The Fund Trustees chose to create a new fund that minimizes the pension withdrawal liability. As a result, current employers participating in the Fund were given the opportunity to exit the Fund and convert to a new fund. The Company’s portion of the unfunded liability (undiscounted), estimated at $13.7 million, will be repaid in equal monthly installments of approximately $0.04 million over 30 years, interest free. The Company recognized an expense and related liability equal to the present value of the withdrawal liability upon exiting the Fund, and amortizes the difference between such present value and the estimated unfunded liability through interest expense over the repayment period.



Pension Fund	EIN/Pension Plan Number	Pension Protection Act Zone Status		FIP/RP Status Pending/ Implemented	Americold Contributions						Surcharge Imposed
Pension Fund	EIN/Pension Plan Number	2019	2018	FIP/RP Status Pending/ Implemented	2019		2018		2017		Surcharge Imposed
					(In thousands)
Central Pension Fund of the International Union of Operating Engineers and Participating Employers ⁽²⁾	36-6052390	Green	Green	No	$	6	$	6	$	3	No

Central States SE & SW Areas Health and Welfare Pension Plans ⁽¹⁾	36-6044243	Red	Red	Yes/ Implemented	9,238		8,424		8,427		No

New England Teamsters & Trucking Industry Pension Plan ⁽³⁾	04-6372430	Red	Red	Yes/ Implemented	456		456		566		No

Alternative New England Teamsters & Trucking Industry Pension Plan	04-6372430	Green	Green	No	449		493		98		No

I.U.O.E Stationary Engineers Local 39 Pension Fund ⁽¹⁾	94-6118939	Green	Green	No	194		160		197		No

United Food & Commercial Workers International Union-Industry Pension Fund ⁽⁴⁾	51-6055922	Green	Green	No	105		90		87		No

Western Conference of Teamsters Pension Fund ⁽¹⁾	91-6145047	Green	Green	No	7,398		7,632		7,265		No

Minneapolis Food Distributing Industry Pension Plan⁽¹⁾	41-6047047	Green	Green	Yes/ Implemented	116		180		326		No

				Total Contributions	$	17,962	$	17,441	$	16,969


⁽¹⁾	The status information is for the plans’ year end at December 31, 2019 and 2018.


⁽²⁾	The status information is for the plans’ year end at January 31, 2019 and 2018.


⁽³⁾	The status information is for the plans’ year end at September 30, 2019 and 2018. The Company withdrew from the multi-employer plan on October, 31, 2017.


⁽⁴⁾	The status information is for the plans’ year end at June 30, 2019 and 2018.

Government-Sponsored Plans

The Company contributes to certain government-sponsored plans in Australia and Argentina. The amounts charged to expense within the Consolidated Statements of Operations and for the years ended December 31, 2019, 2018 and 2017 were $5.8 million, $5.7 million and $5.4 million, respectively.

Defined Contribution Plan

The Company has defined contribution employee benefit plans, which cover all eligible employees. The plans also allow contributions by plan participants in accordance with Section 401(k) of the IRC. The Company matches a percentage of each employee’s contributions consistent with the provisions of the plans. The aggregate cost of our contributions to the 401(k) Plan charged to expense within the Consolidated Statements of Operations for each of the years ended December 31, 2019, 2018 and 2017 was $4.2 million, $3.9 million and $3.6 million, respectively.

Deferred Compensation

The Company has deferred compensation and supplemental retirement plan agreements with certain of its executives. The agreements provide for certain benefits at retirement or disability and also provide for survivor benefits in the event of death of the employee. The Company contribution amounts charged to expense relative to this plan were nominal for the years ended December 31, 2019, 2018 and 2017.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Letters of Credit

As of December 31, 2019 and 2018, there were $23.0 million and $29.6 million, respectively, of outstanding letters of credit issued on the Company’s Senior Unsecured Revolving Credit Facility.

Bonds

The Company had outstanding surety bonds of $4.3 million and $2.7 million as of December 31, 2019 and 2018, respectively. These bonds were issued primarily in connection with insurance requirements, special real estate assessments and construction obligations. The increase relates to utility bonds from the Cloverleaf Acquisition.

Construction Commitments

As of December 31, 2019, the Company had the following construction commitments related to its expansion of existing warehouse facilities:



Facility	Committed construction cost (in thousands)		Expected construction completion period
Columbus, OH	$	241	Q1 2020
Savannah, GA	13,692		Q2 2020
Atlanta, GA	44,041		Q2 2021
Total construction commitments	$	57,974

Collective Bargaining Agreements

As of December 31, 2019, worldwide we employed approximately 12,600 people. Currently, 49% of the Company’s labor force is covered by collective bargaining agreements, and 84 of our 178 warehouses have unionized associates that are governed by 74 different collective bargaining agreements. We are currently in negotiations for one new agreement which will bring our total to 75 agreements. During 2020, the Company will be renegotiating 19 collective bargaining agreements, covering all or parts of 26 operating warehouses worldwide. The Company does not anticipate any workplace disruptions during this renegotiation process.

Legal Proceedings

In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company and its legal counsel evaluate the merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency suggests that a loss is probable, and the amount can be reasonably estimated, then a loss is recorded.

In addition to the matters discussed below, the Company may be subject to litigation and claims arising from the ordinary course of business. In the opinion of management, after consultation with legal counsel, the outcome of such matters is not expected to have a material impact on the Company’s financial condition, results of operations, or cash flows.

Kansas Breach of Settlement Agreement Litigation

This case was served against the Company in Wyandotte County, Kansas, on January 17, 2013, alleging breach of a 1994 Settlement Agreement reached with customers of our predecessor company, Americold Corporation. The plaintiffs originally brought claims in 1992 arising from a fire the previous year in an underground warehouse facility.

In 1994, a settlement was reached whereby Americold Corporation agreed to the entry of a $58.7 million judgment against it and assigned its rights to proceed against its insurer to satisfy the judgment. The settlement agreement contained a standard “cooperation provision” in which Americold Corporation agreed to execute any additional documents necessary to fulfill the intent of the settlement agreement. The plaintiffs then sued Americold Corporation’s insurer to recover on the consent judgment. The case was ultimately dismissed in 2012, and the Kansas Supreme Court ruled that the 1994 consent judgment had expired and was not revivable as a matter of law.

On September 24, 2012, the plaintiffs filed a separate claim in the district court of Wyandotte County, Kansas, alleging that the Company and one of its subsidiaries, Americold Logistics, LLC, as successors to Americold Corporation, are liable for the full amount of the judgment, based upon the allegation that the Company failed to execute a document or take action to keep the judgment alive and viable.

On February 7, 2013, the Company removed the case to the U.S. federal court and ultimately filed a motion for summary judgment, which the plaintiffs vigorously opposed. On October 4, 2013, the court granted the Company’s motion and dismissed the case in full. Only one plaintiff appealed the dismissal to the U.S. Court of Appeals. The Court of Appeals ordered that the case be remanded to the Kansas State Court and the judgment in favor of Americold be vacated, finding U.S. federal diversity jurisdiction did not exist over the Company. The Company petitioned the U.S. Supreme Court for certiorari and oral argument occurred on January 19, 2016.

On March 7, 2016, the United States Supreme Court ruled that there was no federal diversity jurisdiction. Following the decision, the United States District Court for the District of Kansas entered an Order vacating the summary judgment and remanding the case to Kansas state court. Regardless of the venue, the Company remains confident that its defenses on the merits of plaintiffs’ claims are strong under Kansas law.

Following remand to Kansas state court, Plaintiffs initially petitioned the court to amend their complaint to drop their claim for damages and only seek an Order of Specific Performance requiring Americold to sign a new document reinstating the consent judgment assigned in the 1994 Settlement Agreement. Plaintiffs filed a later motion to add back the damages claim, which was granted in February 2018.

Since December 31, 2018, the court granted the Company’s motions to dismiss Kraft and Safeway from the case given they did not appeal the District Court’s Order dismissing their claims and are bound by the judgment entered against them. The Kraft and Safeway plaintiffs have appealed their dismissals. The trial court has stayed the proceedings pending the appeal. In addition, the Company has sued the Chubb Group seeking the court’s declaration that Chubb owes coverage of the amounts sought by Plaintiffs and for bad faith damages for denying coverage. Given the status of the proceedings to date, a liability amount cannot be reasonably estimated. The Company believes the ultimate outcome of this matter will not have a material adverse impact on its consolidated financial statements.

Preferred Freezer Services, LLC Litigation

On February 11, 2019, Preferred Freezer Services, LLC (“PFS”) moved by Order to Show Cause in the Supreme Court of the State of New York, New York County, asserting breach of contract and other claims against the Company and seeking to preliminarily enjoin the Company from acting to acquire certain properties leased by PFS. In its

complaint and request for preliminary injunctive relief, PFS alleged that the Company breached a confidentiality agreement entered into in connection with the Company’s participation in a bidding process for the sale of PFS by contacting PFS’s landlords and by using confidential PFS information in bidding for the properties leased by PFS.

PFS’s request for a preliminary injunction was denied after oral argument on February 26, 2019. On March 1, 2019, PFS filed an application for interim injunctive relief from the Appellate Division of the Supreme Court, First Judicial Department.

On April 2, 2019, while its application to the First Department was pending, PFS voluntarily dismissed its state court action, and First Department application, and re-filed substantially the same claims against the Company in the U.S. District Court for the Southern District of New York. In addition to an order enjoining Americold from making offers to purchase the properties leased by PFS, PFS seeks compensatory, consequential and/or punitive damages. The Company has filed a motion to require PFS to reimburse the Company for its legal fees it incurred for the state court action before PFS is allowed to proceed in the federal court action. On February 18, 2020, the Court issued an order granting, in part, Americold’s request for an award of legal fees from Preferred Freezer and lifting the stay of the proceeding.

The Company denies the allegations and believes PFS’s claims are without merit and intends to vigorously defend this claim. Given the status of the proceedings to date, a liability cannot be reasonably estimated. The Company believes the ultimate outcome of this matter will not have a material adverse impact on its consolidated financial statements.

Jose Contreras Employment Putative Class Action

On February 22, 2019, Plaintiff Jose Contreras (a former employee) filed a putative class action against the Company in the San Bernardino County Superior Court asserting that the Company: (1) failed to pay minimum wages; (2) failed to pay overtime wages; (3) failed to pay all vacation wages; (4) failed to provide meal periods; (5) failed to provide accurate wage statements; (6) failed to pay wages timely to terminated employees; and (7) violated California unfair business practices. On April 10, 2019, the Company filed an Answer and Affirmative Defenses in response to the complaint and successfully removed the case to federal court in the U.S. District Court for the Central District of California. On May 2, 2019, plaintiff filed a separate lawsuit for civil penalties under California’s Private Attorneys General Act (“PAGA”) in the San Bernardino Superior Court against the Company, Case No. CIV-DS-1913525 based on similar factual allegations that are asserted in the complaint. The Company successfully obtained a dismissal of the San Bernardino Superior Court Action. On June 18, 2019, the plaintiff amended his complaint in the pending federal court action to add a rest period violation claim and PAGA penalty claims based on similar allegations that are asserted in the complaint. Plaintiff’s counsel later dismissed plaintiff’s vacation wages claim from his first amended complaint.

The Company denies the plaintiff’s claims and denies that plaintiff and the putative class members have been damaged in any respect or in any amount as a result of any act or omission by the Company. The Company also denies that this case is appropriate for class treatment and further asserts, among other grounds, that this case is unmanageable as a PAGA representative action. The Company has entered into a preliminary settlement of the case for $2.5 million. The settlement of the case is subject to court approval.

Environmental Matters

The Company is subject to a wide range of environmental laws and regulations in each of the locations in which the Company operates. Compliance with these requirements can involve significant capital and operating costs. Failure

to comply with these requirements can result in civil or criminal fines or sanctions, claims for environmental damages, remediation obligations, the revocation of environmental permits, or restrictions on the Company’s operations.

The Company records accruals for environmental matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated based on current law and existing technologies. The Company adjusts these accruals periodically as assessment and remediation efforts progress or as additional technical or legal information become available. The Company recorded nominal environmental liabilities in accounts payable and accrued expenses as of December 31, 2019, 2018, and 2017. The Company believes it is in compliance with applicable environmental regulations in all material respects. Under various U.S. federal, state, and local environmental laws, a current or previous owner or operator of real estate may be liable for the entire cost of investigating, removing, and/or remediating hazardous or toxic substances on such property. Such laws often impose liability whether or not the owner or operator knew of, or was responsible for, the contamination. Even if more than one person may have been responsible for the contamination, each person covered by the environmental laws may be held responsible for the entire clean-up cost. There are no material unrecorded liabilities as of December 31, 2019. Most of the Company’s warehouses utilize ammonia as a refrigerant. Ammonia is classified as a hazardous chemical regulated by the Environmental Protection Agency, and an accident or significant release of ammonia from a warehouse could result in injuries, loss of life, and property damage.

Occupational Safety and Health Act (OSHA)

The Company’s warehouses located in the U.S. are subject to regulation under OSHA, which requires employers to provide employees with an environment free from hazards, such as exposure to toxic chemicals, excessive noise levels, mechanical dangers, heat or cold stress, and unsanitary conditions. The cost of complying with OSHA and similar laws enacted by states and other jurisdictions in which we operate can be substantial, and any failure to comply with these regulations could expose us to substantial penalties and potentially to liabilities to employees who may be injured at our warehouses. The Company records accruals for OSHA matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. The Company believes that it is in substantial compliance with all OSHA regulations and that no material unrecorded liabilities exist as of December 31, 2019 and 2018.

Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

The Company reports activity in AOCI for foreign currency translation adjustments, including the translation adjustment for the investment in the China JV prior to the sale of our interest, unrealized gains and losses on cash flow hedge derivatives, and minimum pension liability adjustments (net of tax). The activity in AOCI for the years ended December 31, 2019, 2018 and 2017 is as follows:



	2019			2018			2017
Pension and other postretirement benefits:	(In thousands)
Balance at beginning of period, net of tax	$	(8,027	)	$	(7,126	)	$	(12,880	)
Gain (loss) arising during the period	1,180			(2,926		)	2,663
Less: Tax expense (benefit)	3			27			(49		)
Net (loss) gain arising during the period	1,177			(2,953		)	2,712
Amortization of net loss and prior service cost⁽¹⁾	2,092			2,052			3,042
Net amount reclassified from AOCI to net income (loss)	2,092			2,052			3,042
Other comprehensive (loss) income, net of tax	3,269			(901		)	5,754
Balance at end of period, net of tax	(4,758		)	(8,027		)	(7,126		)
Foreign currency translation adjustments:
Balance at beginning of period, net of tax	(3,322		)	8,318			3,874
(Loss) gain on foreign currency translation	(783		)	(11,640		)	4,444
Derecognition of cumulative foreign currency translation gain upon sale of partially owned entities ⁽²⁾	(2,605		)	—			—
Net (loss) gain on foreign currency translation	(3,388		)	(11,640		)	4,444
Balance at end of period, net of tax	(6,710		)	(3,322		)	8,318
Cash flow hedge derivatives:
Balance at beginning of period, net of tax	(1,166		)	(1,422		)	(1,538		)
Unrealized (loss) gain on cash flow hedge derivatives	(1,450		)	862			(1,387		)
Less: Tax expense	—			173			44
Net (loss) gain cash flow hedge derivatives	(1,450		)	689			(1,431		)
Net amount reclassified from AOCI to net income (loss) (interest expense)	(306		)	1,191			1,547
Net amount reclassified from AOCI to net income (loss) (loss on debt extinguishment, modifications and termination of derivative instruments)	—			1,825			—
Net amount reclassified from AOCI to net income (loss) (foreign exchange loss (gain), net)	264			(3,449		)	—
Balance at end of period, net of tax	(2,658		)	(1,166		)	(1,422		)

Accumulated other comprehensive loss	$	(14,126	)	$	(12,515	)	$	(230	)


(1)	Amounts reclassified from AOCI for pension liabilities are recorded in selling, general, and administrative expenses in the Consolidated Statements of Operations.

(2)

Amount reclassified from AOCI for the derecognition of cumulative foreign currency translation gain related to the sale of partially owned entities is recognized in Gain from sale of partially owned entities in the Consolidated Statements of Operations.

Related-Party Transactions	12 Months Ended
Related-Party Transactions	Dec. 31, 2019
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions Transactions with Goldman Prior to the March 2019 secondary offering, Goldman was a significant shareholder of the Company. Goldman is considered a related party as a result of their ownership for a portion of the current year, and therefore, the Company has disclosed the fees paid to Goldman for various services provided. The Company continues to use services provided by Goldman in the ordinary course of business subsequent to Goldman’s complete disposition of ownership in March 2019. Affiliates of Goldman are part of the lending group under the 2018 Senior Unsecured Credit Facility, and have a $90.0 million, or 7.1%, total commitment. Another affiliate of Goldman was one of the lending group under the ANZ Loans (with a 2.5% participation in the Australia Term Loan and 31.8% in the New Zealand Term Loan), which the Company repaid during December 2018. Goldman was also the counterparty to the interest rate swap agreements, which were terminated in December 2018 in connection with the extinguishment of the ANZ Loans. As a member of the previously described lending groups, the Company is required to pay certain fees to Goldman, which may include interest on borrowings, unused facility fees, letter of credit participation fees, and letter of credit facility fees. The Company paid interest expense and fees to Goldman totaling approximately $1.4 million, $2.3 million, and $0.9 million for the years ended December 31, 2019, 2018, and 2017, respectively. Interest payable to Goldman was nominal as of December 31, 2019, 2018, and 2017. The net settlements of the terminated ANZ interest rate swap agreements are not included in the figures above and totaled approximately $1.2 million and $1.5 million for the years ended December 31, 2018 and 2017, respectively. In addition, a swap termination fee was paid to Goldman in 2018 of $1.8 million in conjunction with the extinguishment of the ANZ Loans. In connection with the April 2019 follow-on offering, the May 2019 debt private placement and the Cloverleaf Acquisition, Goldman received total fees of approximately $15.2 million. In connection with the secondary offering completed in March 2019, Goldman sold their remaining common shares of the Company, totaling 8,061,228 common shares, in an underwritten public offering. The Company did not receive any proceeds from the shares sold by Goldman and its affiliates in this offering. In connection with this transaction, Goldman received an underwriting fee of approximately$2.6 million. Although Goldman was no longer a significant shareholder of the Company, Bradley Gross, a partner at Goldman Sachs, remained on the Board of Trustees through May 22, 2019. Mr. Gross did not stand for re-election to the Board of Trustees in connection with the Company’s annual meeting of shareholders. In January 2019, the Company entered into an interest rate swap with Goldman to hedge the changes in the cash flows of variable interest rate payments on our outstanding 2018 Senior Unsecured Term Loan A Facility. Net settlements under the interest rate swap commenced during the three months ended March 31, 2019. The net settlement of the swap for the year ended December 31, 2019 was $0.2 million. In December 2018, the Company entered into cross-currency swaps with Goldman to fix the cash flows of interest and principal payments on our foreign-currency denominated intercompany loans. Refer to Notes 2 and 11 for more information regarding the cross-currency swaps. These cash flows under the cross currency swaps are made semi-annually and began during the third quarter of 2019. These payments are excluded from amounts disclosed above since they represent ongoing settlements of foreign exchange forwards. Additionally, the Company periodically enters into foreign exchange spot trades with Goldman to facilitate the movement of funds between our international subsidiaries and the U.S., including the funding of the previously mentioned intercompany loans. In connection with the follow-on offering completed in September 2018, Goldman sold 9,083,280 common shares, and after giving effect to the sale owned approximately 9.9% of the Company’s common shares. In connection with the follow-on offering, Goldman received an underwriting fee of approximately $5.0 million, and received a refund of approximately $0.7 million representing the underwriting discount on the gross proceeds received by the selling shareholders. In December 2017, the Company prepaid in escrow a $0.2 million fee to Goldman for its share of the 2018 Senior Secured Credit Facilities commitment, which was related to the refinancing that occurred in tandem with the IPO. In connection with the IPO, Goldman converted its Series B Preferred Shares into 28,808,224 common shares. After giving effect to the full exercise of the underwriters’ option to purchase additional common shares during the IPO, and after giving effect to the sale by Goldman of 5,163,716 common shares in the IPO, Goldman owned approximately 16.7% of the Company’s common shares. In connection with the IPO, Goldman received a refund from the underwriters of approximately $1.6 million, which represents the underwriting discount on the gross proceeds received by the selling shareholders.

Geographic Concentrations

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Geographic Concentrations

The following table provides geographic information for the Company’s total revenues for the years ended December 31, 2019, 2018 and 2017, and total assets as of December 31, 2019 and 2018:



	Total Revenues						Total Assets
	2019		2018		2017		2019		2018
	(In thousands)
U.S.	$	1,509,401	$	1,313,811	$	1,253,879	$	3,812,761	$	2,242,078
Australia	216,741		227,374		219,738		274,288		226,666
New Zealand	30,047		32,363		33,289		67,046		51,419
Argentina	9,647		11,752		18,319		7,794		7,154
Canada	17,869		18,335		18,362		8,794		5,111
	$	1,783,705	$	1,603,635	$	1,543,587	$	4,170,683	$	2,532,428

Segment Information

Our principal operations are organized into four reportable segments: Warehouse, Third-party managed, Transportation and Other.

•

Warehouse. Our primary source of revenues consists of rent and storage and warehouse services fees. Our rent and storage and warehouse services revenues are the key drivers of our financial performance. Rent and storage revenues consist of recurring, periodic charges related to the storage of frozen and perishable food and other products in our warehouses. We also provide these customers with a wide array of handling and other warehouse services, such as (1) receipt, handling and placement of products into our warehouses for storage and preservation, (2) retrieval of products from storage upon customer request, (3) blast freezing, which involves the rapid freezing of non-frozen products, including individual quick freezing for agricultural produce and seafood, (4) case-picking, which involves selecting product cases to build customized pallets, (5) kitting and repackaging, which involves assembling custom product packages for delivery to retailers and consumers, and labeling services, (6) order assembly and load consolidation, (7) exporting and importing support services, (8) container handling, (9) cross-docking, which involves transferring inbound products to outbound trucks utilizing our warehouse docks without storing them in our warehouses, and (10) government-approved temperature-controlled storage and inspection services. We may charge our customers in advance for storage and outbound handling fees. Cost of operations for our warehouse segment consists of power, other facilities costs, labor and other services costs.

•

Third-party managed. We receive management and incentive fees, as well as reimbursement of substantially all expenses, for warehouses and logistics services that we manage on behalf of third-party owners/customers. Cost of operations for our third-party managed segment are reimbursed on a pass-through basis (typically within two weeks), with all reimbursements, plus an applicable mark-up, recognized as revenues under the relevant accounting guidance.


•	Transportation. We charge transportation fees, including fuel surcharges, to our customers for whom we arrange the transportation of their products. Cost of operations for our transportation segment consist primarily of third-party carrier charges, which are impacted by factors affecting those carriers.


•	Other. In addition to our primary business segments, we own a limestone quarry in Carthage, Missouri. Revenues are generated from the sale of limestone mined at our quarry. Cost of operations for our quarry consist primarily of labor, equipment, fuel and explosives.

Our reportable segments are strategic business units separated by service offerings. Each reportable segment is managed separately and requires different operational and marketing strategies. The accounting polices used in the preparation of our reportable segments financial information are the same as those used in the preparation of its consolidated financial statements.

Our chief operating decision maker uses revenues and segment contribution to evaluate segment performance. We calculate segment contribution as earnings before interest expense, taxes, depreciation and amortization, and excluding corporate selling, general and administrative expense, acquisition, litigation and other expense, impairment of long-lived assets, gain or loss on sale of real estate and all components of non-operating other income and expense. Selling, general and administrative functions support all the business segments. Therefore, the related expense is not allocated to segments as the chief operating decision maker does not use it to evaluate segment performance.

Segment contribution is not a measurement of financial performance under GAAP, and may not be comparable to similarly titled measures of other companies. You should not consider our segment contribution as an alternative to operating income determined in accordance with GAAP.

The following table presents segment revenues and contributions with a reconciliation to Income before income tax benefit (expense) for the years ended December 31, 2019, 2018 and 2017:



	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Segment revenues:
Warehouse	$	1,377,217		$	1,176,912		$	1,145,662
Third-party managed	252,939			259,034			242,189
Transportation	144,844			158,790			146,070
Other	8,705			8,899			9,666
Total revenues	1,783,705			1,603,635			1,543,587

Segment contribution:
Warehouse	447,591			374,534			348,328
Third-party managed	11,761			14,760			12,825
Transportation	18,067			15,735			12,950
Other	838			620			2
Total segment contribution	478,257			405,649			374,105

Reconciling items:
Depreciation, depletion and amortization	(163,348		)	(117,653		)	(116,741		)
Selling, general and administrative expense	(129,310		)	(110,825		)	(99,616		)
Acquisition, litigation and other	(40,614		)	(3,935		)	(11,329		)
Impairment of long-lived assets	(13,485		)	(747		)	(9,473		)
(Loss) gain from sale of real estate, net	(34		)	7,471			43
Interest expense	(94,408		)	(93,312		)	(114,898		)
Interest income	6,286			3,996			1,074
Bridge loan commitment fees	(2,665		)	—			—
Loss on debt extinguishment, modifications and termination of derivative instruments	—			(47,559		)	(986		)
Foreign currency exchange gain (loss), net	10			2,882			(3,591		)
Other expense, net	(1,870		)	(532		)	(1,944		)
Loss from partially owned entities	(111		)	(1,069		)	(1,363		)
Gain from sale of partially owned entities	4,297			—			—
Impairment of partially owned entities	—			—			(6,496		)
Income before income tax benefit (expense)	$	43,005		$	44,366		$	8,785

The following table details our long-lived assets by reportable segments, with a reconciliation to total assets reported for each of the periods presented in the accompanying Consolidated Balance Sheets.



	Years Ended December 31,
	2019		2018
	(In thousands)
Assets:
Warehouse	$	3,684,391	$	2,054,968
Third-party managed	47,867		43,725
Transportation	50,666		35,479
Other	13,467		13,554
Total segments assets	3,796,391		2,147,726

Reconciling items:
Corporate assets	374,292		370,161
Investments in partially owned entities	—		14,541
Total reconciling items	374,292		384,702
Total assets	$	4,170,683	$	2,532,428

Segment Information

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Information

Geographic Concentrations

The following table provides geographic information for the Company’s total revenues for the years ended December 31, 2019, 2018 and 2017, and total assets as of December 31, 2019 and 2018:



	Total Revenues						Total Assets
	2019		2018		2017		2019		2018
	(In thousands)
U.S.	$	1,509,401	$	1,313,811	$	1,253,879	$	3,812,761	$	2,242,078
Australia	216,741		227,374		219,738		274,288		226,666
New Zealand	30,047		32,363		33,289		67,046		51,419
Argentina	9,647		11,752		18,319		7,794		7,154
Canada	17,869		18,335		18,362		8,794		5,111
	$	1,783,705	$	1,603,635	$	1,543,587	$	4,170,683	$	2,532,428

Segment Information

Our principal operations are organized into four reportable segments: Warehouse, Third-party managed, Transportation and Other.

•


•	Transportation. We charge transportation fees, including fuel surcharges, to our customers for whom we arrange the transportation of their products. Cost of operations for our transportation segment consist primarily of third-party carrier charges, which are impacted by factors affecting those carriers.


•	Other. In addition to our primary business segments, we own a limestone quarry in Carthage, Missouri. Revenues are generated from the sale of limestone mined at our quarry. Cost of operations for our quarry consist primarily of labor, equipment, fuel and explosives.

The following table presents segment revenues and contributions with a reconciliation to Income before income tax benefit (expense) for the years ended December 31, 2019, 2018 and 2017:



	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Segment revenues:
Warehouse	$	1,377,217		$	1,176,912		$	1,145,662
Third-party managed	252,939			259,034			242,189
Transportation	144,844			158,790			146,070
Other	8,705			8,899			9,666
Total revenues	1,783,705			1,603,635			1,543,587

Segment contribution:
Warehouse	447,591			374,534			348,328
Third-party managed	11,761			14,760			12,825
Transportation	18,067			15,735			12,950
Other	838			620			2
Total segment contribution	478,257			405,649			374,105

Reconciling items:
Depreciation, depletion and amortization	(163,348		)	(117,653		)	(116,741		)
Selling, general and administrative expense	(129,310		)	(110,825		)	(99,616		)
Acquisition, litigation and other	(40,614		)	(3,935		)	(11,329		)
Impairment of long-lived assets	(13,485		)	(747		)	(9,473		)
(Loss) gain from sale of real estate, net	(34		)	7,471			43
Interest expense	(94,408		)	(93,312		)	(114,898		)
Interest income	6,286			3,996			1,074
Bridge loan commitment fees	(2,665		)	—			—
Loss on debt extinguishment, modifications and termination of derivative instruments	—			(47,559		)	(986		)
Foreign currency exchange gain (loss), net	10			2,882			(3,591		)
Other expense, net	(1,870		)	(532		)	(1,944		)
Loss from partially owned entities	(111		)	(1,069		)	(1,363		)
Gain from sale of partially owned entities	4,297			—			—
Impairment of partially owned entities	—			—			(6,496		)
Income before income tax benefit (expense)	$	43,005		$	44,366		$	8,785



	Years Ended December 31,
	2019		2018
	(In thousands)
Assets:
Warehouse	$	3,684,391	$	2,054,968
Third-party managed	47,867		43,725
Transportation	50,666		35,479
Other	13,467		13,554
Total segments assets	3,796,391		2,147,726

Reconciling items:
Corporate assets	374,292		370,161
Investments in partially owned entities	—		14,541
Total reconciling items	374,292		384,702
Total assets	$	4,170,683	$	2,532,428

Earnings per Common Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings per Common Share

Basic and diluted earnings per common share are calculated by dividing the net income or loss attributable to common shareholders by the basic and diluted weighted-average number of common shares outstanding in the period, respectively, using the allocation method prescribed by the two-class method. The Company applies this method to compute earnings per share because it distributes non-forfeitable dividend equivalents on restricted stock units granted to certain employees and non-employee trustees who have the right to participate in the distribution of common dividends while the restricted stock units are unvested. For the year ended December 31, 2019, the weighted-average number of unvested restricted stock units that participated in the distribution of common dividends was 1,405,421, of which 629,929 restricted stock units currently have vested but will not be settled until additional criteria are met.

The shares issuable upon settlement of the 2018 forward sale agreement and 2019 forward sale agreement are reflected in the diluted earnings per share calculations using the treasury stock method. Under this method, the number of the Company’s common shares used in calculating diluted earnings per share is deemed to be increased by the excess, if any, of the number of common shares that would be issued upon full physical settlement of the applicable forward sale agreement over the number of common shares that could be purchased by the Company in the market (based on the average market price during the period) using the proceeds receivable upon full physical settlement (based on the adjusted forward sale price at the end of the reporting period). If and when the Company physically or net share settles either forward sale agreement, the delivery of common shares would result in an increase in the number of shares outstanding and dilution to earnings per share. As of December 31, 2019, the Company has not settled any portion of the forward sale agreement.

Prior to the IPO, holders of Series B Preferred Shares were entitled to cumulative dividends, which were added to the reported net loss whether or not declared or paid to determine the net loss attributable to common shareholders under the two-class method.

A reconciliation of the basic and diluted weighted-average number of common shares outstanding for the years ended December 31, 2019, 2018 and 2017 is as follows:



	Year ended December 31,
	2019	2018	2017
	(In thousands)
Weighted average common shares outstanding – basic	179,598	141,415	70,022
Dilutive effect of share-based awards	1,660	2,662	—
Equity forward contracts	2,692	261	—
Weighted average common shares outstanding – diluted	183,950	144,338	70,022

For the year ended December 31, 2017, potential common shares under the treasury stock method and the if-converted method were antidilutive because the Company reported a net loss. Consequently, the Company did not have any adjustments in these periods between basic and diluted loss per share related to stock options, restricted stock units, warrants and convertible preferred shares in this period.

The table below presents the weighted-average number of antidilutive potential common shares that are not considered in the calculation of diluted income (loss) per share:



	Year ended December 31,
	2019	2018	2017
	(In thousands)
Series B Convertible Preferred Stock	—	—	33,240
Common share warrants	—	—	18,575
Employee stock options	—	—	5,983
Restricted stock units	250	—	685
Equity forward contracts	—	—	—
	250	—	58,483

Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Disaggregated Revenue

The following tables represent a disaggregation of revenue from contracts with customers for the years ended December 31, 2019, 2018 and 2017 by segment and geographic region:



	December 31, 2019
	United States		Australia		New Zealand		Argentina		Canada		Total
	(In thousands)
Warehouse rent and storage	$	502,674	$	37,172	$	15,942	$	4,749	$	—	$	560,537
Warehouse services	653,890		124,045		13,701		3,072		—		794,708
Third-party managed	220,165		14,886		—		—		17,869		252,920
Transportation	101,976		40,638		404		1,826		—		144,844
Other	8,683		—		—		—		—		8,683
Total revenues ⁽¹⁾	1,487,388		216,741		30,047		9,647		17,869		1,761,692
Lease revenue ⁽²⁾	22,013		—		—		—		—		22,013
Total revenues from contracts with all customers	$	1,509,401	$	216,741	$	30,047	$	9,647	$	17,869	$	1,783,705



	December 31, 2018
	United States		Australia		New Zealand		Argentina		Canada		Total
	(In thousands)
Warehouse rent and storage	$	433,131	$	39,573	$	15,018	$	5,694	$	—	$	493,416
Warehouse services	522,748		119,665		16,634		3,109		—		662,156
Third-party managed	227,757		12,742		—		—		18,335		258,834
Transportation	99,736		55,394		711		2,949		—		158,790
Other	8,877		—		—		—		—		8,877
Total revenues ⁽¹⁾	1,292,249		227,374		32,363		11,752		18,335		1,582,073
Lease revenue ⁽²⁾	21,562		—		—		—		—		21,562
Total revenues from contracts with all customers	$	1,313,811	$	227,374	$	32,363	$	11,752	$	18,335	$	1,603,635



	December 31, 2017
	United States		Australia		New Zealand		Argentina		Canada		Total
	(In thousands)
Warehouse rent and storage	$	413,647	$	40,086	$	17,695	$	9,139	$	—	$	480,567
Warehouse services	508,982		116,287		14,776		4,013		—		644,058
Third-party managed	214,400		9,227		—		—		18,362		241,989
Transportation	85,947		54,138		818		5,167		—		146,070
Other	9,644		—		—		—		—		9,644
Total revenues ⁽¹⁾	1,232,620		219,738		33,289		18,319		18,362		1,522,328
Lease revenue ⁽²⁾	21,259		—		—		—		—		21,259
Total revenues from contracts with all customers	$	1,253,879	$	219,738	$	33,289	$	18,319	$	18,362	$	1,543,587


(1)	Revenues are within the scope of ASC 606: Revenue From Contracts With Customers. Elements of contracts or arrangements that are in the scope of other standards (e.g., leases) are separated and accounted for under those standards.


(2)	Revenues are within the scope of Topic 842 and 840, Leases, for the applicable period.

Performance Obligations

Substantially all our revenue for warehouse storage and handling services, and management and incentive fees earned under third-party managed and other contracts is recognized over time as the customer benefits equally throughout the period until the contractual term expires. Typically, revenue is recognized over time using an output measure (e.g. passage of time). Revenue is recognized at a point in time upon delivery when the customer typically obtains control, for most accessorial services, transportation services, reimbursed costs and quarry product shipments.

For arrangements containing non-cancellable contract terms, any variable consideration related to storage renewals or incremental handling charges above stated minimums are 100% constrained and not included in aggregate amount of the transaction price allocated to the unsatisfied performance obligations disclosed below, given the degree in difficulty in estimation. Payment terms are generally 0 - 30 days upon billing, which is typically monthly, either in advance or subsequent to the performance of services. The same payment terms typically apply for arrangements containing variable consideration.

The Company has no material warranties or obligations for allowances, refunds or other similar obligations.

At December 31, 2019, the Company had $658.2 million of remaining unsatisfied performance obligations from contracts with customers subject to a non-cancellable term and within contracts that have an original expected duration exceeding one year. These obligations also do not include variable consideration beyond the non-cancellable term, which due to the inability to quantify by estimate, is fully constrained. The Company expects to recognize approximately 26% of these remaining performance obligations as revenue in 2020, and the remaining 74% to be recognized over a weighted average period of 14.3 years through 2038.

Contract Balances

The timing of revenue recognition, billings and cash collections results in accounts receivable (contract assets), and unearned revenue (contract liabilities) on the accompanying Consolidated Balance Sheets. Generally, billing occurs monthly, subsequent to revenue recognition, resulting in contract assets. However, the Company may bill and receive advances or deposits from customers, particularly on storage and handling services, before revenue is recognized, resulting in contract liabilities. These assets and liabilities are reported on the accompanying Consolidated Balance Sheets on a contract-by-contract basis at the end of each reporting period. Changes in the contract asset and liability balances during the year ended December 31, 2019, were not materially impacted by any other factors.

Opening and closing receivables balances related to contracts with customers accounted for under ASC 606 were $213.2 million and $192.1 million at December 31, 2019 and 2018, respectively. All other trade receivable balances relate to contracts accounted for under ASC 842 or 840, for the applicable period.

Opening and closing balances in unearned revenue related to contracts with customers were $16.4 million and $18.6 million at December 31, 2019 and 2018, respectively. Substantially all revenue that was included in the contract liability balances at the beginning of 2018 and 2017 has been recognized as of December 31, 2019 and 2018, respectively, and represents revenue from the satisfaction of monthly storage and handling services with average inventory turns of approximately 30 days.

Selected Quarterly Financial Data (Americold Realty Trust) - Unaudited

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Americold Realty Trust) - Unaudited

The following table sets forth selected unaudited quarterly statements of operations data for the years ended December 31, 2019 and 2018:



	2019
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenues	$	485,984	$	466,182	$	438,460	$	393,079
Total operating expenses	439,405		426,797		409,375		376,662
Operating income	46,579		39,385		29,085		16,417
Net income (loss) applicable to common shareholders	20,809		27,091		4,891		(4,629		)
Net income (loss) per common share^(a)
Basic	0.11		0.14		0.03		(0.03		)
Diluted	0.10		0.14		0.03		(0.03		)


(a)	Quarterly earnings per common share amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares outstanding included in the calculation of basic and diluted shares.



	2018
	December 31		September 30		June 30		March. 31
	(In thousands, except per share amounts)
Total revenues	$	415,817	$	402,010	$	394,667	$	391,141
Total operating expenses	364,646		358,457		345,363		355,209
Operating income	51,171		43,553		49,304		35,932
Net income (loss) applicable to common shareholders	2,678		24,540		29,406		(10,457		)
Net income (loss) per common share^(a)
Basic	0.02		0.17		0.20		(0.08		)
Diluted	0.02		0.17		0.20		(0.08		)

(a)

Quarterly earnings per common share amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares outstanding included in the calculation of basic and diluted shares.

Selected Quarterly Financial Data (Americold Realty Operating Partnership, L.P.) - Unaudited

The following table sets forth selected unaudited quarterly statements of operations data for the years ended December 31, 2019 and 2018:



	2019
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenues	$	485,984	$	466,182	$	438,460	$	393,079
Total operating expenses	439,405		426,797		409,375		376,662
Operating income	46,579		39,385		29,085		16,417
Net income (loss) applicable to unitholders	20,809		27,091		4,891		(4,629		)
Net income (loss) per unit^(a)	0.11		0.14		0.03		(0.03		)


(a)	Quarterly earnings per unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted units outstanding included in the calculation of units.



	2018
	December 31		September 30		June 30		March. 31
	(In thousands, except per share amounts)
Total revenues	$	415,817	$	402,010	$	394,667	$	391,141
Total operating expenses	364,646		358,457		345,363		355,209
Operating income	51,171		43,553		49,304		35,932
Net income (loss) applicable to unitholders	2,678		24,540		29,406		(10,457		)
Net income (loss) per unit^(a)	0.02		0.17		0.21		(0.08		)

(a)

Quarterly earnings per unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted units outstanding included in the calculation of units.

Selected Quarterly Financial Data (Americold Realty Operating Partnership, L.P.) - Unaudited

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Americold Realty Operating Partnership, L.P.) - Unaudited

Selected Quarterly Financial Data (Americold Realty Trust) - Unaudited

The following table sets forth selected unaudited quarterly statements of operations data for the years ended December 31, 2019 and 2018:



	2019
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenues	$	485,984	$	466,182	$	438,460	$	393,079
Total operating expenses	439,405		426,797		409,375		376,662
Operating income	46,579		39,385		29,085		16,417
Net income (loss) applicable to common shareholders	20,809		27,091		4,891		(4,629		)
Net income (loss) per common share^(a)
Basic	0.11		0.14		0.03		(0.03		)
Diluted	0.10		0.14		0.03		(0.03		)


(a)	Quarterly earnings per common share amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares outstanding included in the calculation of basic and diluted shares.



	2018
	December 31		September 30		June 30		March. 31
	(In thousands, except per share amounts)
Total revenues	$	415,817	$	402,010	$	394,667	$	391,141
Total operating expenses	364,646		358,457		345,363		355,209
Operating income	51,171		43,553		49,304		35,932
Net income (loss) applicable to common shareholders	2,678		24,540		29,406		(10,457		)
Net income (loss) per common share^(a)
Basic	0.02		0.17		0.20		(0.08		)
Diluted	0.02		0.17		0.20		(0.08		)

(a)

Selected Quarterly Financial Data (Americold Realty Operating Partnership, L.P.) - Unaudited

The following table sets forth selected unaudited quarterly statements of operations data for the years ended December 31, 2019 and 2018:



	2019
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenues	$	485,984	$	466,182	$	438,460	$	393,079
Total operating expenses	439,405		426,797		409,375		376,662
Operating income	46,579		39,385		29,085		16,417
Net income (loss) applicable to unitholders	20,809		27,091		4,891		(4,629		)
Net income (loss) per unit^(a)	0.11		0.14		0.03		(0.03		)


(a)	Quarterly earnings per unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted units outstanding included in the calculation of units.



	2018
	December 31		September 30		June 30		March. 31
	(In thousands, except per share amounts)
Total revenues	$	415,817	$	402,010	$	394,667	$	391,141
Total operating expenses	364,646		358,457		345,363		355,209
Operating income	51,171		43,553		49,304		35,932
Net income (loss) applicable to unitholders	2,678		24,540		29,406		(10,457		)
Net income (loss) per unit^(a)	0.02		0.17		0.21		(0.08		)

(a)

Quarterly earnings per unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted units outstanding included in the calculation of units.

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events (Unaudited) On January 2, 2020, the Company completed the purchase of all outstanding shares of Nova Cold for cash consideration of CAD $336.8 million (USD $257.1 million). Nova Cold consists of four temperature-controlled facilities in Toronto, Calgary and Halifax. The acquisition was funded utilizing proceeds from the settlement of our April 2019 forward sale agreement combined with cash drawn on our 2018 Senior Unsecured Revolving Credit Facility. We have not yet completed our accounting assessment of the acquistion or completed our cost allocation or preliminary purchase price allocation, as applicable. On January 2, 2020, the Company completed the purchase of all outstanding membership interests of Newport Cold for cash consideration of $56.0 million. Newport Cold consists of a single temperature-controlled warehouse located in St. Paul, Minnesota. We have not yet completed our accounting assessment of the acquisition or completed our cost allocation or preliminary purchase price allocation, as applicable. On January 31, 2020, the Company received official notice from its customer to exercise its contractual call option to purchase land from the Company in Sydney, Australia, which was previously purchased by the Company for future development. Under the agreement with the customer, the Company will be reimbursed for its land purchase in Sydney and related costs. On February 20, 2020, the Company entered into a Share Purchase and Sale agreement to acquire a 14.99% ownership interest in Superfrio Armazéns Gerais S.A. (SuperFrio) for Brazil Real Dollars 117.8 million, or approximately USD $26.4 million. Superfrio is a Brazilian based company that provides temperature-controlled storage and logistics services including: storage, warehouse services and transportation.

Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation



				Initial Costs							Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)		Land		Buildings and Improvements		Costs Capitalized Subsequent to Acquisition			Land		Buildings and Improvements (2)		Total (4) (5)		Accumulated Depreciation and Depletion (1) (6)			Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
US
Albertville, AL	1	$	—	$	1,251	$	12,385	$	1,080		$	1,298	$	13,418	$	14,716	$	(5,794	)	1993	2008	5 - 40 years
Allentown, PA	2	—		5,780		47,807		7,583			6,513		54,657		61,170		(24,289		)	1976	2008	5 - 40 years
Amarillo, TX	1	—		871		4,473		872			932		5,284		6,216		(2,576		)	1973	2008	5 - 40 years
Anaheim, CA	1	—		9,509		16,810		918			9,509		17,728		27,237		(8,375		)	1965	2009	5 - 40 years
Appleton, WI	1	—		200		5,022		10,809			916		15,115		16,031		(4,445		)	1989	2009	5 - 40 years
Atlanta - Lakewood, GA	1	—		4,297		3,369		(1,539		)	639		5,488		6,127		(2,165		)	1963	2008	5 - 40 years
Atlanta - Skygate, GA	1	—		1,851		12,731		746			2,019		13,309		15,328		(4,387		)	2001	2008	5 - 40 years
Atlanta - Southgate, GA	1	—		1,623		17,652		2,052			2,286		19,041		21,327		(6,769		)	1996	2008	5 - 40 years
Atlanta - Tradewater, GA	1	—		—		36,966		(4,140		)	6,106		26,720		32,826		(6,054		)	2004	2008	5 - 40 years
Atlanta - Westgate, GA	1	—		2,270		24,659		(1,535		)	2,025		23,369		25,394		(10,278		)	1990	2008	5 - 40 years
Atlanta, GA - Corporate	—	—		—		365		14,333			—		14,698		14,698		(4,617		)	1999/2014	2008	5 - 40 years
Augusta, GA	1	—		2,678		1,943		1,062			2,838		2,845		5,683		(1,616		)	1971	2008	5 - 40 years
Babcock, WI	1	—		852		8,916		141			895		9,014		9,909		(2,941		)	1999	2008	5 - 40 years
Bartow, FL	1	—		—		2,451		641			10		3,082		3,092		(2,417		)	1962	2008	5 - 40 years
Belvidere-Imron, IL	1	—		2,000		11,989		3,676			2,410		15,255		17,665		(6,245		)	1991	2009	5 - 40 years
Belvidere-Landmark, IL (Cross Dock)	1	—		1		2,117		1,941			—		4,059		4,059		(4,001		)	1991	2009	5 - 40 years
Benson, NC ⁽¹⁾	1	—		3,660		35,825		—			3,660		35,825		39,485		(857		)	1997	2019	5 - 40 years
Birmingham, AL	1	964		1,002		957		2,033			1,269		2,723		3,992		(892		)	1963	2008	5 - 40 years
Boston, MA	1	—		1,855		5,796		1,536			1,917		7,270		9,187		(2,595		)	1969	2008	5 - 40 years
Brea, CA	1	—		4,645		5,891		769			4,664		6,641		11,305		(2,778		)	1975	2009	5 - 40 years
Brooklyn Park, MN	1	—		1,600		8,951		1,666			1,600		10,617		12,217		(4,406		)	1986	2009	5 - 40 years
Burley, ID	2	—		—		16,136		3,729			52		19,813		19,865		(13,720		)	1959	2008	5 - 40 years
Burlington, WA	3	14,059		694		6,108		2,442			708		8,536		9,244		(4,063		)	1965	2008	5 - 40 years
Carson, CA	1	—		9,100		13,731		1,100			9,116		14,815		23,931		(4,853		)	2002	2009	5 - 40 years
Cartersville, GA	1	—		1,500		8,505		532			1,571		8,966		10,537		(3,594		)	1996	2009	5 - 40 years
Carthage Quarry, MO	—	—		12,621		356		187			12,697		467		13,164		(3,088		)	N/A	2008	5 - 40 years
Carthage Warehouse Dist, MO	1	—		61,445		33,880		6,109			62,356		39,078		101,434		(21,143		)	1972	2008	5 - 40 years
Chambersburg, PA ⁽⁴⁾	1	—		1,368		15,868		—			1,368		15,868		17,236		(60		)	1994	2019	5 - 40 years



			Initial Costs				Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)	Land	Buildings and Improvements	Costs Capitalized Subsequent to Acquisition		Land	Buildings and Improvements (2)	Total (4) (5)	Accumulated Depreciation and Depletion (1) (6)		Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
Cherokee, IA ⁽¹⁾	1	—	580	8,343	3		580	8,346	8,926	(223	)	1965	2019	5 - 40 years
Chesapeake, VA ⁽¹⁾	1	—	2,740	13,452	17,932		2,757	31,367	34,124	(388	)	1991	2019	5 - 40 years
Chillicothe, MO ⁽¹⁾	1	—	670	44,905	26		670	44,931	45,601	(976	)	1999	2019	5 - 40 years
City of Industry, CA	2	—	—	1,455	1,746		137	3,064	3,201	(2,357	)	1962	2009	5 - 40 years
Clearfield, UT	1	—	2,881	14,945	4,801		2,176	20,451	22,627	(8,590	)	1973	2008	5 - 40 years
Clearfield 2, UT	1	—	806	21,569	1,352		1,124	22,603	23,727	(1,863	)	2017	2017	5 - 40 years
Columbia, SC	1	—	768	1,429	1,069		860	2,406	3,266	(1,131	)	1971	2008	5 - 40 years
Columbus, OH ⁽¹⁾	1	—	2,440	38,939	5,497		2,775	44,101	46,876	(739	)	1996	2019	5 - 40 years
Connell, WA	1	—	497	8,728	1,156		508	9,873	10,381	(4,178	)	1969	2008	5 - 40 years
Dallas, TX	1	—	1,468	14,385	13,246		2,929	26,170	29,099	(7,364	)	1994	2009	5 - 40 years
Delhi, LA	1	15,873	539	12,228	502		580	12,689	13,269	(6,585	)	2010	2010	5 - 40 years
Denver-50th Street, CO	1	—	—	1,724	543		—	2,267	2,267	(2,061	)	1974	2008	5 - 40 years
Dominguez Hills, CA	1	—	11,149	10,894	1,173		11,162	12,054	23,216	(4,900	)	1989	2009	5 - 40 years
Douglas, GA	1	—	400	2,080	1,780		401	3,859	4,260	(1,330	)	1969	2009	5 - 40 years
Eagan, MN ⁽¹⁾	1	—	6,050	49,441	44		6,050	49,485	55,535	(1,083	)	1964	2019	5 - 40 years
East Dubuque, IL	1	—	722	13,764	620		753	14,353	15,106	(4,765	)	1993	2008	5 - 40 years
East Point, GA	1	—	1,884	3,621	3,537		2,020	7,022	9,042	(2,204	)	1959	2016	5 - 40 years
Fairfield, OH ⁽¹⁾	1	—	1,880	20,849	—		1,880	20,849	22,729	(513	)	1993	2019	5 - 40 years
Fairmont, MN ⁽¹⁾	1	—	1,650	13,738	34		1,650	13,772	15,422	(314	)	1968	2019	5 - 40 years
Fort Dodge, IA	1	—	1,022	7,162	1,193		1,226	8,151	9,377	(3,442	)	1979	2008	5 - 40 years
Fort Smith, AR	2	—	308	2,231	2,030		342	4,227	4,569	(1,385	)	1958	2008	5 - 40 years
Fort Smith - Highway 45, AR ⁽¹⁾	1	—	2,245	51,998	—		2,245	51,998	54,243	(1,176	)	1987	2019	5 - 40 years
Fort Worth-Blue Mound, TX	1	—	1,700	5,055	1,548		1,700	6,603	8,303	(1,884	)	1995	2009	5 - 40 years
Fort Worth-Samuels, TX	2	—	1,985	13,447	2,886		2,109	16,209	18,318	(6,694	)	1977	2009	5 - 40 years
Fremont, NE	1	26,984	629	3,109	5,896		691	8,943	9,634	(4,412	)	1968	2008	5 - 40 years
Ft. Worth, TX (Meacham)	1	—	5,610	24,686	3,111		5,873	27,534	33,407	(10,642	)	2005	2008	5 - 40 years
Ft. Worth, TX (Railhead)	1	—	1,857	8,536	595		1,955	9,033	10,988	(3,828	)	1998	2008	5 - 40 years
Gadsden, AL	1	23,384	100	9,820	(857	)	351	8,712	9,063	(2,834	)	1991	2013	5 - 40 years
Gaffney, SC	1	—	1,000	3,263	152		1,000	3,415	4,415	(1,323	)	1995	2008	5 - 40 years



			Initial Costs				Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)	Land	Buildings and Improvements	Costs Capitalized Subsequent to Acquisition		Land	Buildings and Improvements (2)	Total (4) (5)	Accumulated Depreciation and Depletion (1) (6)		Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
Gainesville, GA	1	—	400	5,704	1,035		411	6,728	7,139	(2,494	)	1989	2009	5 - 40 years
Gainesville - Candler, GA ⁽²⁾	1	—	716	3,258	—		716	3,258	3,974	(126	)	1995	2019	5 - 40 years
Garden City, KS	1	—	446	4,721	1,549		446	6,270	6,716	(2,322	)	1980	2008	5 - 40 years
Gateway, GA	2	—	3,271	19,693	(7,211	)	3,197	12,556	15,753	(8,367	)	1972	2008	5 - 40 years
Geneva Lakes, WI	1	—	1,579	36,020	3,042		2,265	38,376	40,641	(12,359	)	1991	2009	5 - 40 years
Gloucester - Rogers, MA	1	—	1,683	3,675	3,073		1,818	6,613	8,431	(2,080	)	1967	2008	5 - 40 years
Gloucester - Rowe, MA	1	—	1,146	2,833	6,763		1,272	9,470	10,742	(3,317	)	1955	2008	5 - 40 years
Gouldsboro, PA	1	—	4,224	29,473	2,643		4,930	31,410	36,340	(9,441	)	2006	2009	5 - 40 years
Grand Island, NE	1	—	430	6,542	(2,286	)	479	4,207	4,686	(2,005	)	1995	2008	5 - 40 years
Green Bay, WI	2	—	—	2,028	2,841		69	4,800	4,869	(2,618	)	1935	2009	5 - 40 years
Greenville, SC	1	—	200	1,108	396		203	1,501	1,704	(1,225	)	1962	2009	5 - 40 years
Hatfield, PA	2	—	5,002	28,286	9,461		5,795	36,954	42,749	(13,412	)	1983	2009	5 - 40 years
Henderson, NV	2	—	9,043	14,415	1,082		9,048	15,492	24,540	(5,221	)	1988	2009	5 - 40 years
Hermiston, OR	1	32,851	1,322	7,107	425		1,378	7,476	8,854	(3,045	)	1975	2008	5 - 40 years
Houston, TX	1	—	1,454	10,084	1,264		1,525	11,277	12,802	(3,703	)	1990	2009	5 - 40 years
Indianapolis, IN	4	—	1,897	18,991	19,772		3,860	36,800	40,660	(13,090	)	1975	2008	5 - 40 years
Jefferson, WI	2	—	1,553	19,805	1,676		1,880	21,154	23,034	(8,585	)	1975	2009	5 - 40 years
Johnson, AR ⁽¹⁾	1	—	6,159	24,802	—		6,159	24,802	30,961	(807	)	1955	2019	5 - 40 years
Lakeville, MN ⁽¹⁾	1	—	4,000	47,790	33		4,000	47,823	51,823	(1,084	)	1970	2019	5 - 40 years
Lancaster, PA	1	—	2,203	15,670	758		2,371	16,260	18,631	(5,306	)	1993	2009	5 - 40 years
LaPorte, TX	1	—	2,945	19,263	2,863		3,332	21,739	25,071	(7,560	)	1990	2009	5 - 40 years
Le Mars, IA ⁽¹⁾	1	—	1,000	12,596	176		1,107	12,665	13,772	(345	)	1991	2019	5 - 40 years
Leesport, PA	1	—	1,206	14,112	11,913		1,677	25,554	27,231	(7,428	)	1993	2008	5 - 40 years
Lowell, AR ⁽¹⁾	1	—	2,610	31,984	—		2,610	31,984	34,594	(833	)	1992	2019	5 - 40 years
Lula, GA ⁽²⁾	1	—	3,864	35,382	—		3,864	35,382	39,246	(954	)	1996	2019	5 - 40 years
Lynden, WA	5	—	1,420	8,590	964		1,430	9,544	10,974	(3,838	)	1946	2009	5 - 40 years
Marshall, MO	1	10,544	741	10,304	379		826	10,598	11,424	(4,225	)	1985	2008	5 - 40 years
Massillon 17th, OH	1	—	175	15,322	498		414	15,581	15,995	(5,753	)	2000	2008	5 - 40 years
Massillon Erie, OH	1	—	—	1,988	516		—	2,504	2,504	(2,465	)	1984	2008	5 - 40 years



			Initial Costs				Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)	Land	Buildings and Improvements	Costs Capitalized Subsequent to Acquisition		Land	Buildings and Improvements (2)	Total (4) (5)	Accumulated Depreciation and Depletion (1) (6)		Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
Memphis Chelsea , TN	—	—	80	2	(81	)	—	1	1	(1	)	1972	2008	5 - 40 years
Middleboro, MA	1	—	404	15,031	155		435	15,155	15,590	(514	)	2018	2018	5 - 40 years
Milwaukie, OR	2	—	2,473	8,112	1,639		2,483	9,741	12,224	(5,726	)	1958	2008	5 - 40 years
Mobile, AL	1	—	10	3,203	765		17	3,961	3,978	(1,474	)	1976	2009	5 - 40 years
Modesto, CA	6	—	2,428	19,594	4,491		2,915	23,598	26,513	(10,426	)	1945	2009	5 - 40 years
Monmouth, IL ⁽¹⁾	1	—	2,660	48,348	—		2,660	48,348	51,008	(910	)	2014	2019	5 - 40 years
Montgomery, AL	1	6,689	850	7,746	(505	)	1,157	6,934	8,091	(2,449	)	1989	2013	5 - 40 years
Moses Lake, WA	1	30,357	575	11,046	2,480		1,140	12,961	14,101	(5,300	)	1967	2008	5 - 40 years
Murfreesboro, TN	1	—	1,094	10,936	3,573		1,332	14,271	15,603	(6,616	)	1982	2008	5 - 40 years
Nampa, ID	4	—	1,588	11,864	2,099		1,719	13,832	15,551	(7,523	)	1946	2008	5 - 40 years
Napoleon, OH ⁽¹⁾	1	—	2,340	57,677	34		2,340	57,711	60,051	(1,284	)	1974	2019	5 - 40 years
New Ulm, MN	7	—	725	10,405	1,109		822	11,417	12,239	(4,032	)	1984	2009	5 - 40 years
North Little Rock, AR ⁽¹⁾	1	—	1,680	12,841	14,661		2,226	26,956	29,182	(382	)	1996	2019	5 - 40 years
Oklahoma City, OK	1	—	742	2,411	1,151		742	3,562	4,304	(1,708	)	1968	2008	5 - 40 years
Ontario, CA	3	—	14,673	3,632	24,506		14,745	28,066	42,811	(12,139	)	1987(1)/1984(2)/1983(3)	2008	5 - 40 years
Ontario, OR	4	—	—	13,791	9,127		1,264	21,654	22,918	(13,095	)	1962	2008	5 - 40 years
Pasco, WA	1	—	557	15,809	413		588	16,191	16,779	(5,347	)	1984	2008	5 - 40 years
Pendergrass, GA	1	—	500	12,810	2,649		580	15,379	15,959	(6,149	)	1993	2009	5 - 40 years
Perryville, MD ⁽⁴⁾	1	—	1,626	19,083	8		1,626	19,091	20,717	(58	)	2007	2019	5 - 40 years
Phoenix2, AZ	1	—	3,182	11,312	28		3,182	11,340	14,522	(2,245	)	2014	2014	5 - 40 years
Piedmont, SC	1	—	500	9,883	1,441		506	11,318	11,824	(4,655	)	1981	2009	5 - 40 years
Plover, WI	1	34,297	1,390	18,298	5,024		1,994	22,718	24,712	(9,901	)	1981	2008	5 - 40 years
Portland, ME	1	—	305	2,402	917		316	3,308	3,624	(1,042	)	1952	2008	5 - 40 years
Rochelle, IL (Americold Drive)	1	—	1,860	18,178	48,054		4,326	63,766	68,092	(9,330	)	1995	2008	5 - 40 years
Rochelle, IL (Caron)	1	—	2,071	36,658	734		2,213	37,250	39,463	(14,631	)	2004	2008	5 - 40 years
Russellville, AR - Elmira	1	—	1,261	9,910	3,185		1,352	13,004	14,356	(6,199	)	1986	2008	5 - 40 years
Russellville, AR - Route 324 ⁽¹⁾	1	—	2,467	29,179	(71	)	2,494	29,081	31,575	(730	)	1993	2019	5 - 40 years
Russellville, AR - Valley	1	—	708	15,832	2,466		708	18,298	19,006	(5,829	)	1995	2008	5 - 40 years
Salem, OR	4	39,370	3,055	21,096	3,534		3,211	24,474	27,685	(11,419	)	1963	2008	5 - 40 years



			Initial Costs			Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)	Land	Buildings and Improvements	Costs Capitalized Subsequent to Acquisition	Land	Buildings and Improvements (2)	Total (4) (5)	Accumulated Depreciation and Depletion (1) (6)		Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
Salinas, CA	5	—	7,244	7,181	9,670	8,098	15,997	24,095	(6,268	)	1958	2009	5 - 40 years
Salt Lake City, UT	1	—	—	22,481	3,767	—	26,248	26,248	(14,083	)	1998	2010	5 - 40 years
San Antonio - HEB, TX	1	—	2,014	22,902	—	2,014	22,902	24,916	(3,424	)	1982	2017	5 - 40 years
San Antonio, TX	3	—	1,894	11,101	2,566	2,021	13,540	15,561	(7,666	)	1913	2009	5 - 40 years
Sanford, NC ⁽¹⁾	1	—	3,110	34,104	23	3,110	34,127	37,237	(794	)	1996	2019	5 - 40 years
Savannah, GA ⁽³⁾	1	—	20,715	10,456	52	20,715	10,508	31,223	(433	)	2015	2019	5 - 40 years
Sebree, KY	1	—	638	7,895	635	638	8,530	9,168	(2,731	)	1998	2008	5 - 40 years
Sikeston, MO	1	—	258	11,936	2,685	2,339	12,540	14,879	(4,428	)	1998	2009	5 - 40 years
Sioux City - 2640, IA ⁽¹⁾	1	—	5,951	28,391	101	5,951	28,492	34,443	(902	)	1990	2019	5 - 40 years
Sioux City - 2900, IA ⁽¹⁾	1	—	3,070	56,336	30	3,070	56,366	59,436	(1,385	)	1995	2019	5 - 40 years
Sioux Falls, SD	1	—	856	4,780	3,901	1,039	8,498	9,537	(4,183	)	1972	2008	5 - 40 years
Springdale, AR	1	7,851	844	10,754	1,299	872	12,025	12,897	(4,951	)	1982	2008	5 - 40 years
St. Louis, MO	2	—	2,082	7,566	1,950	2,198	9,400	11,598	(3,079	)	1956	2009	5 - 40 years
St. Paul, MN	2	—	1,800	12,129	658	1,800	12,787	14,587	(5,148	)	1970	2009	5 - 40 years
Strasburg, VA	1	—	1,551	15,038	1,526	1,592	16,523	18,115	(5,554	)	1999	2008	5 - 40 years
Sumter, SC ⁽¹⁾	1	—	530	8,738	—	530	8,738	9,268	(306	)	1979	2019	5 - 40 years
Syracuse, NY	2	—	2,177	20,056	5,659	2,420	25,472	27,892	(9,581	)	1960	2008	5 - 40 years
Tacoma, WA	1	—	—	21,216	2,443	27	23,632	23,659	(7,605	)	2010	2010	5 - 40 years
Tampa Plant City, FL	2	—	1,333	11,836	696	1,380	12,485	13,865	(4,350	)	1987	2009	5 - 40 years
Tarboro, NC	1	17,545	1,078	9,586	1,030	1,225	10,469	11,694	(3,756	)	1988	2008	5 - 40 years
Taunton, MA	1	—	1,477	14,159	1,032	1,695	14,973	16,668	(4,914	)	1999	2009	5 - 40 years
Texarkana, AR	1	3,628	842	11,169	1,442	921	12,532	13,453	(4,079	)	1992	2008	5 - 40 years
Tomah, WI	1	19,047	886	10,715	422	923	11,100	12,023	(4,546	)	1989	2008	5 - 40 years
Turlock, CA (#1)	2	—	944	4,056	290	967	4,323	5,290	(1,970	)	1995	2008	5 - 40 years
Turlock, CA (#2)	1	—	3,091	7,004	1,449	3,116	8,428	11,544	(3,457	)	1985	2008	5 - 40 years
Vernon 2, CA	1	—	8,100	13,490	3,181	8,112	16,659	24,771	(7,383	)	1965	2009	5 - 40 years
Victorville, CA	1	—	2,810	22,811	1,075	2,810	23,886	26,696	(8,359	)	2004	2008	5 - 40 years
Waco, TX ⁽¹⁾	—	—	3,003	—	504	3,507	—	3,507	—		N/A	2019	N/A
Walla Walla, WA	2	—	215	4,693	610	159	5,359	5,518	(3,107	)	1960	2008	5 - 40 years



			Initial Costs				Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)	Land	Buildings and Improvements	Costs Capitalized Subsequent to Acquisition		Land	Buildings and Improvements (2)	Total (4) (5)	Accumulated Depreciation and Depletion (1) (6)		Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
Wallula, WA	1	—	690	2,645	727		711	3,351	4,062	(1,217	)	1982	2008	5 - 40 years
Watsonville, CA	1	—	—	8,138	424		21	8,541	8,562	(7,477	)	1984	2008	5 - 40 years
West Memphis, AR	1	—	1,460	12,300	2,766		2,284	14,242	16,526	(5,857	)	1985	2008	5 - 40 years
Wichita, KS	1	—	1,297	4,717	1,355		1,432	5,937	7,369	(2,752	)	1972	2008	5 - 40 years
Woodburn, OR	1	—	1,552	9,860	2,561		1,627	12,346	13,973	(4,535	)	1952	2008	5 - 40 years
York, PA	1	—	3,838	36,621	2,169		4,063	38,565	42,628	(14,487	)	1994	2008	5 - 40 years
York-Willow Springs, PA	1	—	1,300	7,351	380		1,315	7,716	9,031	(3,205	)	1987	2009	5 - 40 years
Zumbrota, MN	3	—	800	10,360	1,572		800	11,932	12,732	(3,926	)	1996	2009	5 - 40 years
Canada
Cold Logic/Taber	—	—	—	12	3,554		92	3,474	3,566	(1,798	)	1999	2009	5 - 40 years
Australia
Arndell Park	2	—	13,489	29,428	397		11,783	31,531	43,314	(9,757	)	1989/1994	2009	5 - 40 years
BRIS CORPORATE-Acacia Ridge	1	—	—	—	279		—	279	279	(279	)		2009	5 - 40 years
Laverton	2	—	13,689	28,252	5,765		11,958	35,748	47,706	(11,116	)	1997/1998	2009	5 - 40 years
Murarrie	3	—	10,891	18,975	(2,995	)	9,514	17,357	26,871	(5,943	)	1972/2003	2009	5 - 40 years
Prospect/ASC Corporate	2	—	—	1,187	19,126		7,475	12,838	20,313	(3,911	)	1985	2009	5 - 40 years
Spearwood	1	—	7,194	10,990	(1,462	)	6,284	10,438	16,722	(4,134	)	1978	2009	5 - 40 years
Wetherill Park	—	—	45,301	—	—		45,301	—	45,301	—		N/A	2019	N/A
New Zealand
Dalgety	1	—	6,047	5,531	777		6,303	6,052	12,355	(1,882	)	1988	2009	5 - 40 years
Diversey	1	—	2,357	5,966	797		2,457	6,663	9,120	(2,132	)	1988	2009	5 - 40 years
Halwyn Dr	1	—	5,227	3,399	812		5,448	3,990	9,438	(1,579	)	1992	2009	5 - 40 years
Mako Mako	1	—	1,332	3,810	249		1,389	4,002	5,391	(1,225	)	2000	2009	5 - 40 years
Manutapu/Barber Akld	1	—	—	343	525		—	868	868	(783	)	2004	2009	5 - 40 years
Paisley	2	—	—	185	1,036		—	1,221	1,221	(915	)	1984	2009	5 - 40 years
Smarts Rd	1	—	—	247	962		—	1,209	1,209	(735	)	1984	2009	5 - 40 years
Argentina
Mercado Central - Buenos Aires, ARG	1	—	—	4,984	(2,625	)	—	2,359	2,359	(1,202	)	1996/1999	2009	5 - 40 years
Pilar - Buenos Aires, ARG	1	—	706	2,586	(2,216	)	667	409	1,076	(98	)	2000	2009	5 - 40 years

Total		283,443	494,429	2,326,556	413,200		526,226	2,707,959	3,234,185	(752,711	)



			Initial Costs			Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)	Land	Buildings and Improvements	Costs Capitalized Subsequent to Acquisition	Land	Buildings and Improvements (2)	Total (4) (5)	Accumulated Depreciation and Depletion (1) (6)	Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
Land, buildings, and improvements in the assets under construction balance as of December 31, 2019.

US
Allentown, PA		—	—	—	—	—	89	89
Amarillo, TX		—	—	—	—	—	8	8
Anaheim, CA		—	—	—	—	—	180	180
Appleton, WI		—	—	—	—	—	66	66
Atlanta - Lakewood, GA		—	—	—	—	—	6	6
Atlanta - Skygate, GA		—	—	—	—	—	7	7
Atlanta - Southgate, GA		—	—	—	—	—	161	161
Atlanta - Tradewater, GA		—	—	—	—	—	16,724	16,724
Atlanta - Westgate, GA		—	—	—	—	—	757	757
Atlanta, GA - Corporate		—	—	—	—	—	620	620
Benson, NC		—	—	—	—	—	43	43
Boston, MA		—	—	—	—	—	392	392
Burley, ID		—	—	—	—	—	3	3
Burlington, WA		—	—	—	—	—	113	113
Carthage Warehouse Dist, MO		—	—	—	—	—	430	430
Chesapeake, VA		—	—	—	—	—	308	308
Chillicothe, MO		—	—	—	—	—	89	89
Columbia, SC		—	—	—	—	—	8	8
Columbus, OH		—	—	—	—	—	502	502
Dallas, TX		—	—	—	—	—	186	186
Dominguez Hills, CA		—	—	—	—	—	7	7
Eagan, MN		—	—	—	—	—	70	70
Fairfield, OH		—	—	—	—	—	48	48
Fort Smith, AR		—	—	—	—	—	31	31
Fort Worth-Samuels, TX		—	—	—	—	—	754	754
Fremont, NE		—	—	—	—	—	16	16
Fort Worth, TX (Meacham)		—	—	—	—	—	846	846
Fort Worth, TX (Railhead)		—	—	—	—	—	23	23



			Initial Costs			Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)	Land	Buildings and Improvements	Costs Capitalized Subsequent to Acquisition	Land	Buildings and Improvements (2)	Total (4) (5)	Accumulated Depreciation and Depletion (1) (6)	Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
Gadsden, AL		—	—	—	—	—	7	7
Gainesville Candler, GA		—	—	—	—	—	320	320
Gateway, GA		—	—	—	—	—	13,145	13,145
Geneva Lakes, WI		—	—	—	—	—	22	22
Gloucester - Rogers, MA		—	—	—	—	—	1,682	1,682
Gloucester - Rowe, MA		—	—	—	—	—	1,400	1,400
Grand Island, NE		—	—	—	—	—	3	3
Green Bay, WI		—	—	—	—	—	40	40
Hatfield, PA		—	—	—	—	—	215	215
Henderson, NV		—	—	—	—	—	119	119
Indianapolis, IN		—	—	—	—	—	510	510
Johnson, AR		—	—	—	—	—	254	254
Lakeville, MN		—	—	—	—	—	51	51
Lancaster, PA		—	—	—	—	—	125	125
LaPorte, TX		—	—	—	—	—	594	594
Le Mars, IA		—	—	—	—	—	25	25
Leesport, PA		—	—	—	—	—	11	11
Lowell, AR		—	—	—	—	—	89	89
Lynden, WA		—	—	—	—	—	74	74
Marshall, MO		—	—	—	—	—	66	66
Massillon 17th, OH		—	—	—	—	—	19	19
Modesto, CA		—	—	—	—	—	598	598
Monmounth, IL		—	—	—	—	—	34	34
Murfreesboro, TN		—	—	—	—	—	121	121
Napoleon, OH		—	—	—	—	—	133	133
New Ulm, MN		—	—	—	—	—	56	56
North Little Rock, AR		—	—	—	—	—	236	236
Oklamoma City, OK		—	—	—	—	—	73	73
Ontario, CA		—	—	—	—	—	2,718	2,718
Ontario, OR		—	—	—	—	—	70	70
Piedmont, SC		—	—	—	—	—	5	5
Plover, WI		—	—	—	—	—	600	600



			Initial Costs			Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)	Land	Buildings and Improvements	Costs Capitalized Subsequent to Acquisition	Land	Buildings and Improvements (2)	Total (4) (5)	Accumulated Depreciation and Depletion (1) (6)	Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
Portland, ME		—	—	—	—	—	80	80
Rochelle, IL (Americold Drive)		—	—	—	—	—	29	29
Rochele, IL (Caron)		—	—	—	—	—	10	10
Salem, OR		—	—	—	—	—	40	40
Salinas, CA		—	—	—	—	—	402	402
Salt Lake City, UT		—	—	—	—	—	93	93
San Antonio, TX		—	—	—	—	—	250	250
Sanford, NC		—	—	—	—	—	50	50
Savannah, GA		—	—	—	—	—	41,720	41,720
Sebree, KY		—	—	—	—	—	564	564
Sioux City, IA - 2640 Murray St		—	—	—	—	—	160	160
Sioux City, IA - 2900 Murray St		—	—	—	—	—	531	531
Sioux Falls, SD		—	—	—	—	—	174	174
Springdale, AR		—	—	—	—	—	19	19
Strasburg, VA		—	—	—	—	—	16	16
Sumter, SC		—	—	—	—	—	17	17
Syracuse, NY		—	—	—	—	—	29	29
Tampa Plant City, FL		—	—	—	—	—	309	309
Tarboro, NC		—	—	—	—	—	474	474
Taunton, MA		—	—	—	—	—	94	94
Texarkana, AR		—	—	—	—	—	41	41
Turlock, CA (#1)		—	—	—	—	—	146	146
Vernon 2, CA		—	—	—	—	—	71	71
Wichita, KS		—	—	—	—	—	523	523
Woodburn, OR		—	—	—	—	—	4	4
Australia
Arndell Park		—	—	—	—	—	1,218	1,218
Laverton		—	—	—	—	—	379	379
Murarrie		—	—	—	—	—	906	906
Prospect		—	—	—	—	—	446	446
Spearwood		—	—	—	—	—	476	476
Wetherill Park - MIT		—	—	—	—	—	24	24



				Initial Costs						Gross amount at which carried as of December 31, 2019
Property	Buildings	Encumbrances (3)		Land		Buildings and Improvements		Costs Capitalized Subsequent to Acquisition		Land		Buildings and Improvements (2)		Total (4) (5)		Accumulated Depreciation and Depletion (1) (6)			Date of Construction	Date of Acquisition	Life on Which Depreciation is Computed
Heathwood - MIT		—		—		—		—		—		954		954
New Zealand
Dalgety		—		—		—		—		—		1,163		1,163
Diversey		—		—		—		—		—		614		614
Halwyn Dr		—		—		—		—		—		277		277
Mako Mako		—		—		—		—		—		143		143
Manutapu		—		—		—		—		—		66		66
Paisley		—		—		—		—		—		241		241
Smarts Rd		—		—		—		—		—		48		48

Total in assets under construction		—		—		—		—		—		98,703		98,703		—

Total assets		$	283,443	$	494,429	$	2,326,556	$	413,200	$	526,226	$	2,806,662	$	3,332,888	$	(752,711	)

Schedule III – Footnotes



(1) Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:
Total per Schedule III	$	(752,711	)
Accumulated depreciation on investments in non-real estate assets	(493,539		)
Total accumulated depreciation and depletion per consolidated balance sheet (property, buildings and equipment and capital leases)	$	(1,246,250	)


(2) Reconciliation of total Buildings and improvements to consolidated balance sheet as of December 31, 2019:
Building and improvements per consolidated balance sheet	$	2,696,732
Building and improvements capital leases per consolidated balance sheet	11,227
Assets under construction per consolidated balance sheet	108,639
Less: personal property assets under construction	(9,936		)
Total per Schedule III	$	2,806,662

(3) Reconciliation of total mortgage notes, senior unsecured notes and term loan to consolidated balance sheet caption as of December 31, 2019:
Total per Schedule III	$	283,443
Unsecured	1,425,000
Deferred financing costs, net of amortization	(12,996		)
Total mortgage notes, senior unsecured notes and term loan per consolidated balance sheet*	$	1,695,447
*Total mortgage notes, senior unsecured notes, and term loan does not include $4.9M of secured notes related to the Monmouth, IL facility. Refer to footnote 19 for additional details.


(4) The aggregate cost for Federal tax purposes at December 31, 2019 of our real estate assets was approximately $2.8 billion.

(5) Includes real estate impairments recorded in 2019 for the Gateway, GA (Atlanta) site.

(6) The following table summarizes the Company’s real estate activity and accumulated depreciation for the years ended December 31:



		2019			2018			2017
Real Estate Facilities, at Cost:
	Beginning Balance	$	2,575,367		$	2,506,656		$	2,382,343
	Capital expenditures	177,268			50,680			52,555
	Acquisitions	975,045			—			27,958
	Newly developed warehouse facilities	21,316			62,353			60,598
	Disposition	(7,409		)	(30,199		)	(20,780		)
	Impairment	(12,555		)	(747		)	(9,473		)
	Conversion of leased assets to owned	—			8,405			—
	Impact of foreign exchange rate changes	557			(21,781		)	13,455
	Ending Balance	3,729,589			2,575,367			2,506,656

Accumulated Depreciation:
	Beginning Balance	(827,892		)	(770,006		)	(692,390		)
	Depreciation expense	(114,512		)	(87,355		)	(86,169		)
	Dispositions	6,679			24,672			11,143
	Impact of foreign exchange rate changes	(697		)	4,797			(2,590		)
	Ending Balance	(936,422		)	(827,892		)	(770,006		)

Total Real Estate Facilities, Net at December 31		$	2,793,167		$	1,747,475		$	1,736,650

The total real estate facilities amounts in the table above include $76.8 million, $80.3 million, and $90.5 million of assets under sale-leaseback agreements accounted for as a financing as of December 31, 2019, 2018 and 2017, respectively. The Company does not hold title in these assets under sale-leaseback agreements. As of December 31, 2019 and 2018, the Company has no facilities classified as held for sale. During the second quarter of 2019, the Company sold an idle facility, which was written down earlier in 2019 resulting in an impairment charge of $2.9 million. During the second quarter of 2018, the Company sold a facility resulting in an $8.4 million gain on sale of real estate. In preparation of the warehouse disposal, the Company transferred most of its customers inventory to other owned warehouses within the same region. In February 2019, the Company acquired one facility and adjacent land in connection with the PortFresh Acquisition, with total property, buildings and equipment of $35.0 million. In May

2019, the Company acquired 21 facilities in connection with the Cloverleaf Acquisition, with total property, buildings and equipment of $891.3 million. Additionally, in May 2019, the Company acquired two facilities in connection with the Lanier Acquisition, with total property, buildings and equipment of 60.0 million. In November 2019, the Company acquired two facilities in connection with the MHW Acquisition, with total property, buildings and equipment of $49.4 million. During the fourth quarter of 2018, the Company disposed of an idle facility, previously classified as held for sale, for a $0.9 million loss on sale of real estate, and purchased a portion of a facility that was previously operated under a lease agreement with a purchase price of $13.8 million. During the year ending December 31, 2017, the Company acquired a new facility for a total cost of $31.9 million, which included $3.9 million of intangible assets associated with an in-place lease and an above-market lease. In addition, the Company disposed of two idle and one operational facilities with a net book value of $9.2 million for an aggregate amount of $9.2 million. As of December 31, 2017, the Company held for sale an idle facility of the Warehouse segment with a carrying amount of $2.6 million, which is included in “Property, plant, and equipment – net” in the accompanying consolidated balance sheet.



(7) Reconciliation of the Company’s real estate activity and accumulated depreciation and depletion for the years ended December 31, 2019 to Schedule III:
Total real estate facilities gross amount per Schedule III	$	3,332,888
Plus: Refrigeration equipment	409,865
Less: Quarry assets	(13,164		)
Real estate facilities, at cost - ending balance	$	3,729,589

Accumulated depreciation and depletion per Schedule III	$	(752,711	)
Plus: Refrigeration equipment	(186,799		)
Less: Quarry assets	3,088
Accumulated depreciation and depletion - ending balance	$	(936,422	)

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Basis of Presentation and Principles of Consolidation

The notes to the consolidated financial statements of Americold Realty Trust and the Operating Partnership have been combined to provide the following benefits:


•	enhancing investors’ understanding of the Company and the Operating Partnership by enabling investors to view the business as a whole in the same manner as management views and operates the business;


•	eliminating duplicative disclosure and providing a more streamlined and readable presentation since a substantial portion of the disclosure applies to both the Company and the Operating Partnership; and


•	creating time and cost efficiencies through the preparation of one set of notes instead of two separate sets of notes.

•Debt of the Company and Debt of the Operating Partnership

•Partners’ Capital

•Selected Quarterly Financial Information

Estimates

Property, Plant and Equipment

Property, Buildings and Equipment

Arrangements wherein we are the lessee

Arrangements wherein we are the lessee:

Arrangements wherein we are the lessor

Arrangements wherein we are the lessor:

Impairment of Long-Lived Assets

Impairment of Inventory

Impairment of Equity Method Investments

Purchase Accounting

Asset Acquisitions

Bridge Loan Commitment Fees

Combinations

Bridge Loan Commitment Fees and Deferred Financing Costs

Deferred Financing Costs

Cash and Cash Equivalents

Restricted Cash

Accounts Receivable

The following table provides a summary of activity of the allowance for doubtful accounts:



	Balance at beginning of year		Charged to expense/against revenue	Amounts written off, net of recoveries		Balance at end of year
Allowance for doubtful accounts:	(In thousands)
Year ended December 31, 2017	$	4,072	2,510	(1,273	)	$	5,309
Year ended December 31, 2018	$	5,309	1,969	(1,572	)	$	5,706
Year ended December 31, 2019	$	5,706	3,608	(2,387	)	$	6,927

Indefinite-Lived Asset

Finite-Lived Assets

Leasehold Interests - Below Market Leases, Above Market Leases and In-place Lease

Goodwill

Revenue Recognition

Warehouse Revenue

Third-Party Managed Revenue

Transportation Revenue

Other Revenue

Other revenue primarily includes the sale of limestone produced by the Company’s quarry business. Revenues from the sale of limestone are recognized upon delivery to customers.

Contracts with Multiple Service Lines

Income Taxes

may be subject to certain state and local income and franchise taxes, and to U.S. federal income and excise taxes on undistributed taxable income and on certain built-in gains.

Taxable REIT Subsidiary

Pension and Post-Retirement Benefits

Foreign Currency Gain and Losses

Foreign Currency Gains and Losses

Recently Adopted Accounting Standards and Future Adoption of Accounting Standards

Recently Adopted Accounting Standards

Lease Accounting

Simplifying the Test for Goodwill Impairment

Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities

Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (“SOFR”) Overnight Index Swap (“OIS”) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes

Improvements to Nonemployee Share-Based Payment Accounting

Future Adoption of Accounting Standards

Fair Value Measurement - Disclosure Framework

Collaborative Arrangements

Credit Losses

Defined Benefit Plans

Simplifying the Accounting for Income Taxes

Reclassifications

Business Combination Business Combinations (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed



	Amounts Recognized as of the Acquisition Date		Measurement Period Adjustments ⁽¹⁾			Amounts Recognized as of the Acquisition Date (as Adjusted)⁽²⁾
Assets
Land	$	59,363	$	1,131		$	60,494
Buildings and improvements	687,821		(19,670		)	668,151
Machinery and equipment	144,825		822			145,647
Assets under construction	20,968		(3,994		)	16,974
Operating lease right-of-use assets	1,254		—			1,254
Cash and cash equivalents	4,332		—			4,332
Restricted cash	—		526			526
Accounts receivable	21,358		220			21,578
Goodwill	107,643		18,297			125,940
Acquired identifiable intangibles:
Customer relationships	241,738		8,608			250,346
Trade names and trademarks	1,623		—			1,623
Other assets	18,720		(11,668		)	7,052
Total assets	1,309,645		(5,728		)	1,303,917
Liabilities
Accounts payable and accrued expenses	30,905		12,598			43,503
Notes payable	17,179		(13,301		)	3,878
Operating lease obligations	1,254		—			1,254
Unearned revenue	3,536		—			3,536
Pension and postretirement benefits	2,020		(2,020		)	—
Deferred tax liability	9,063		(195		)	8,868
Total liabilities	63,957		(2,918		)	61,039
Total consideration for Cloverleaf acquisition	$	1,245,688	$	(2,810	)	$	1,242,878

⁽¹⁾ The measurement period adjustments recorded in 2019 did not have a significant impact on our Consolidated Statements of Operations for the year ended December 31, 2019.

Business Acquisition, Pro Forma Information

Americold Realty Trust and Subsidiaries



	Pro forma (unaudited)
	(in thousands, except per share data)
	Years Ended December 31,
	2019		2018
Total revenue	$	1,859,265	$	1,829,048
Net income available to common shareholders⁽¹⁾	$	52,026	$	(3,232	)
Net income per share, diluted⁽²⁾	$	0.27	$	(0.02	)

Americold Realty Operating Partnership, L.P. and Subsidiaries



	Pro forma (unaudited)
	(in thousands, except per share data)
	Years Ended December 31,
	2019		2018
Total revenue	$	1,859,265	$	1,829,048
Net income available to common unitholders⁽¹⁾	$	52,026	$	(3,232	)
Net income per unit, diluted⁽²⁾	$	0.27	$	(0.02	)

⁽²⁾Adjusted to give effect to the issuance of approximately 42.1 million common shares in connection with the Cloverleaf Acquisition.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Activity in Real Estate Facilities

Activity in real estate facilities during the years ended December 31, 2019 and 2018 is as follows:



	2019			2018
	(In thousands)
Operating facilities, at cost:
Beginning balance	$	2,575,367		$	2,506,656
Capital expenditures	177,268			50,680
Acquisitions	975,045			—
Newly developed warehouse facilities	21,316			62,353
Disposition	(7,409		)	(30,199		)
Impairment	(12,555		)	(747		)
Conversion of leased assets to owned	—			8,405
Impact of foreign exchange rate changes	557			(21,781		)
Ending balance	3,729,589			2,575,367
Accumulated depreciation:
Beginning balance	(827,892		)	(770,006		)
Depreciation expense	(114,512		)	(87,355		)
Dispositions	6,679			24,672
Impact of foreign exchange rate changes	(697		)	4,797
Ending balance	(936,422		)	(827,892		)
Total real estate facilities	$	2,793,167		$	1,747,475

Non-real estate assets	197,835			92,226
Total property, buildings and equipment and finance leases, net	$	2,991,002		$	1,839,701

Restricted Cash Balances

Restricted cash balances as of December 31, 2019 and 2018 are as follows:



	2019		2018
	(In thousands)
2013 mortgage notes’ escrow accounts	$	877	$	974
2013 mortgage notes’ cash managed accounts	2,343		2,410
Cash on deposit for workers’ compensation program in Australia	2,525		2,635
New market tax credit reserve accounts	565		—
Total restricted cash	$	6,310	$	6,019

Summary of Activity of Allowance for Doubtful Accounts

The following table provides a summary of activity of the allowance for doubtful accounts:



	Balance at beginning of year		Charged to expense/against revenue	Amounts written off, net of recoveries		Balance at end of year
Allowance for doubtful accounts:	(In thousands)
Year ended December 31, 2017	$	4,072	2,510	(1,273	)	$	5,309
Year ended December 31, 2018	$	5,309	1,969	(1,572	)	$	5,706
Year ended December 31, 2019	$	5,706	3,608	(2,387	)	$	6,927

Equity-Method Investments (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Joint ventures between CMAL and CMAH



	2019
Condensed results of operations	CMAL			CMAH		Total
	(In thousands)
Revenues	$	28,334		$	10,907	$	39,241
Operating (loss) income	$	(348	)	$	1,920	$	1,572
Net (loss) income	$	(507	)	$	1,018	$	511
Company’s (loss) income from partially owned entities	$	(429	)	$	318	$	(111	)



	2018
Condensed results of operations	CMAL			CMAH		Total
	(In thousands)
Revenues	$	37,458		$	13,621	$	51,079
Operating (loss) income	$	(1,748	)	$	2,432	$	684
Net (loss) income	$	(1,960	)	$	1,651	$	(309	)
Company’s (loss) income from partially owned entities	$	(1,419	)	$	350	$	(1,069	)



	2017
Condensed results of operations	CMAL			CMAH			Total
	(In thousands)
Revenues	$	38,662		$	12,294		$	50,956
Operating (loss) income	$	(2,052	)	$	314		$	(1,738	)
Net loss	$	(2,479	)	$	(296	)	$	(2,775	)
Company’s loss from partially owned entities	$	(1,143	)	$	(220	)	$	(1,363	)

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The changes in the carrying amount of the Company’s goodwill by reportable segment for the years ended December 31, 2019, 2018 and 2017 are as follows:



	Warehouse			Third-party managed			Transportation			Total
	(In thousands)
December 31, 2016	$	171,582		$	3,056		$	12,167		$	186,805
Impact of foreign currency translation	972			8			384			1,364
December 31, 2017	172,554			3,064			12,551			188,169
Impact of foreign currency translation	(1,658		)	(174		)	(242		)	(2,074		)
December 31, 2018	170,896			2,890			12,309			186,095
Goodwill acquired	130,919			—			1,452			132,371
Impact of foreign currency translation	9			(8		)	16			17
December 31, 2019	$	301,824		$	2,882		$	13,777		$	318,483

Schedule of Intangible Assets Not Subject to Amortization

Intangible assets subject to amortization as of December 31, 2019 and 2018 are as follows:



	Customer relationships			Above-market leases			In-place lease			Below-market leases			Assembled Workforce			Trade names and trademarks			Total
	(In thousands, except years)
Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	266,633			—			—			—			908			1,623			269,164
Accumulated amortization	(38,036		)	(60		)	(1,578		)	(5,794		)	(128		)	(721		)	(46,317		)
Net definite lived intangible assets	$	262,385		$	83		$	2,200		$	3,332		$	780		$	902		269,682
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2019																			$	284,758
Weighted-average remaining useful life at December 31, 2019	24.2			3.8			3.8			32.6			2.7			0.8			23.9

Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	—			—			—			—			—			—			—
Accumulated amortization	(30,169		)	(38		)	(1,004		)	(5,644		)	—			—			(36,855		)
Net definite lived intangible assets	$	3,619		$	105		$	2,774		$	3,482		$	—		$	—		9,980
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2018																			$	25,056
Weighted-average remaining useful life at December 31, 2018	9.1			4.8			4.8			33.2			N/A			N/A			16.3

Schedule of Intangible Assets Subject to Amortization

Intangible assets subject to amortization as of December 31, 2019 and 2018 are as follows:



	Customer relationships			Above-market leases			In-place lease			Below-market leases			Assembled Workforce			Trade names and trademarks			Total
	(In thousands, except years)
Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	266,633			—			—			—			908			1,623			269,164
Accumulated amortization	(38,036		)	(60		)	(1,578		)	(5,794		)	(128		)	(721		)	(46,317		)
Net definite lived intangible assets	$	262,385		$	83		$	2,200		$	3,332		$	780		$	902		269,682
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2019																			$	284,758
Weighted-average remaining useful life at December 31, 2019	24.2			3.8			3.8			32.6			2.7			0.8			23.9

Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	—			—			—			—			—			—			—
Accumulated amortization	(30,169		)	(38		)	(1,004		)	(5,644		)	—			—			(36,855		)
Net definite lived intangible assets	$	3,619		$	105		$	2,774		$	3,482		$	—		$	—		9,980
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2018																			$	25,056
Weighted-average remaining useful life at December 31, 2018	9.1			4.8			4.8			33.2			N/A			N/A			16.3

Schedule of Estimated Amortization of Intangible Assets



	Estimated Amortization of Customer Relationships, In-Place Lease, Assembled Workforce, Trade names and Trademarks Intangible Assets		Estimated Net Decrease to Lease Revenue Related to Amortization of Above-Market Leases		Estimated Net Increase to Lease Expense Related to Amortization of Below-Market Leases
	(In thousands)
Years Ending December 31:
2020	$	13,110	$	22	$	151
2021	12,119		22		151
2022	11,902		22		151
2023	11,543		17		106
2024	10,976		—		102
Thereafter	206,617		—		2,671
Total	$	266,267	$	83	$	3,332

Other Assets (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Assets

Other assets as of December 31, 2019 and 2018 are as follows:



	2019		2018
	(In thousands)
Various insurance and workers’ compensation receivables	$	12,143	$	9,595
Prepaid accounts	11,345		12,532
Inventory and supplies	9,371		7,875
Other receivables	7,528		8,770
Fair value of derivatives	6,886		2,283
Marketable securities - (Deferred compensation plan)	4,895		3,072
Utility, workers’ compensation escrow and lease deposits	4,222		1,726
Deferred financing costs	2,767		5,437
Deferred registration statement costs	912		—
Income taxes receivable	885		6,978
Deferred tax assets	418		391
	$	61,372	$	58,659

Accounts Payable and Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued expenses as of December 31, 2019 and 2018 are as follows:



	2019		2018
	(In thousands)
Trade payables	$	109,222	$	85,038
Accrued workers’ compensation liabilities	30,642		30,585
Accrued payroll	17,104		12,238
Accrued bonus	20,729		17,335
Accrued vacation and long service leave	16,403		14,988
Accrued health benefits	13,020		10,987
Accrued property taxes	20,370		14,376
Accrued utilities	7,854		6,274
New market tax credit deferred contribution liability	4,882		—
Income taxes payable	997		290
Dividends payable	39,753		28,540
Accrued interest	24,872		4,843
Other accrued expenses	45,115		27,586
	$	350,963	$	253,080

Acquisitions, Litigation, and Other Charges Acquisitions, Litigation, and Other Charges Acquisitions, Litigation, and Other Charges (Tables)

12 Months Ended

Dec. 31, 2019

Acquisition, Litigation and Other Special Charges [Abstract]

Schedule of Business Combination, Acquisition Related Cost, Litigation Expense And Other Special Charges [Table Text Block]

The components of the charges included in “Acquisition, litigation and other” in our Consolidated Statements of Operations are as follows (in thousands):



	Years Ended December 31,
Acquisition, litigation and other	2019		2018			2017
Acquisition related costs	$	24,284	$	671		$	—
Litigation	4,553		—			—
Strategic alternative costs	—		—			8,136

Other:
Severance, equity award modifications and acceleration	9,789		2,053			516
Non-offering related equity issuance expenses	1,356		1,813			—
Terminated site operations costs	632		(1,804		)	2,677
Non-recurring public company implementation costs	—		1,202			—
Total other	11,777		3,264			3,193

Total acquisition, litigation and other	$	40,614	$	3,935		$	11,329

Debt of the Operating Partnership (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of outstanding borrowings

A summary of outstanding indebtedness of the Operating Partnership as of December 31, 2019 and 2018 is as follows (in thousands):



		Contractual Interest Rate	Effective Interest Rate as of December 31, 2019	2019					2018
Indebtedness	Stated Maturity Date			Carrying Amount			Estimated Fair Value		Carrying Amount			Estimated Fair Value
2013 Mortgage Loans
Senior note	5/2023	3.81%	4.14%	$	181,443		$	184,618	$	187,957		$	184,667
Mezzanine A	5/2023	7.38%	7.55%	70,000			70,525		70,000			67,900
Mezzanine B	5/2023	11.50%	11.75%	32,000			32,320		32,000			31,120
Total 2013 Mortgage Loans				283,443			287,463		289,957			283,687

Senior Unsecured Notes
Series A notes	1/2026	4.68%	4.77%	200,000			217,750		200,000			202,500
Series B notes	1/2029	4.86%	4.92%	400,000			439,000		400,000			407,000
Series C notes	1/2030	4.10%	4.15%	350,000			366,625		—			—
Total Senior Unsecured Notes				950,000			1,023,375		600,000			609,500

2018 Senior Unsecured Term Loan A Facility⁽¹⁾	1/2023	L+1.00%	3.14%	475,000			472,625		475,000			472,625

Total principal amount of indebtedness				1,708,443			1,783,463		1,364,957			1,365,812
Less deferred financing costs				(12,996		)	n/a		(13,943		)	n/a
Total indebtedness, net of unamortized deferred financing costs				$	1,695,447		$	1,783,463	$	1,351,014		$	1,365,812

2018 Senior Unsecured Revolving Credit Facility⁽¹⁾	1/2021	L+0.90%	0.36%	$	—		$	—	$	—		$	—

(1)

L = one-month LIBOR

Schedule of aggregate maturities of total indebtedness



Years Ending December 31:	(In thousands)
2020	$	6,750
2021	7,035
2022	7,312
2023	737,346
2024	—
Thereafter	950,000
Aggregate principal amount of debt	1,708,443
Less unamortized deferred financing costs	(12,996		)
Total debt net of deferred financing costs	$	1,695,447

Schedule of special purpose separateness



Legal Entity/SPE		Related Obligation
ART Mortgage Borrower Propco 2013 LLC		2013 Mortgage Notes
ART Mortgage Borrower Opco 2013 LLC		2013 Mortgage Notes

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Results

The following table presents the fair value of the derivative financial instruments within “Other assets” and “Accounts payable and accrued expenses” as of December 31, 2019 and 2018 (in thousands):



	Derivative Assets				Derivative Liabilities
	As of December 31,				As of December 31,
	2019		2018		2019		2018
Designated derivatives
Foreign exchange contracts	$	1,376	$	2,283	$	—	$	—
Interest rate contracts	2,933		—		3,505		—

Undesignated derivatives
Foreign exchange forwards	2,546		—		2,589		—
Total fair value of derivatives	$	6,855	$	2,283	$	6,094	$	—



	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative								Location of Gain or (Loss) Reclassified from AOCI into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
	As of December 31,									As of December 31,
	2019			2018			2017			2019			2018			2017
Interest rate contracts	$	(571	)	$	(1,422	)	$	1,422	Interest expense	$	248		$	(1,191	)	$	(1,547	)
Foreign exchange contracts	(879		)	2,283			—		Foreign currency exchange gain, net	(264		)	3,449			—
Foreign exchange contracts	—			—			—		Interest expense	58			—			—
Total designated cash flow hedges	$	(1,450	)	$	861		$	1,422		$	42		$	2,258		$	(1,547	)

Schedule of Gross Presentation, Effects of Offsetting and a Net Presentation of Derivatives



December 31, 2019
Offsetting of Derivative Assets
									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	6,855		$	—	$	6,855		$	(3,966	)	$	—	$	2,889

Offsetting of Derivative Liabilities
									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	(6,094	)	$	—	$	(6,094	)	$	3,966		$	—	$	(2,128	)



December 31, 2018
Offsetting of Derivative Assets
							Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	2,283	$	—	$	2,283	$	—	$	—	$	2,283

Offsetting of Derivative Liabilities
							Gross Amounts Not Offset in the Consolidated Balance Sheet
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	—	$	—	$	—	$	—	$	—	$	—

Lease Accounting (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost

The components of lease expense were as follows (in thousands):



	Year Ended December 31, 2019
Components of lease expense:
Operating lease cost (a)	$	29,205
Financing lease cost:
Depreciation	11,252
Interest on lease liabilities	2,941
Sublease income (b)	(499		)
Net lease expense	$	42,899

^(a)Includes short-term lease and variable lease costs, which are immaterial.

^(b) Sublease income relates to two warehouses in the U.S. and New Zealand.

For the years ended December 31, 2018 and 2017, rent expense of $36.7 million and $42.3 million, respectively, was recorded pursuant to ASC 840, Leases.

Other information related to leases is as follows:



	Year Ended December 31, 2019

Supplemental Cash Flow Information (in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(24,992	)
Operating cash flows from finance leases	$	(2,941	)
Financing cash flows from finance leases	$	(13,339	)
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	12,492
Finance leases	$	30,416
Weighted-average remaining lease term (years)
Operating leases	6.1
Finance leases	4.4
Weighted-average discount rate
Operating leases	4.1		%
Finance leases	5.5		%

Finance Lease, Liability, Maturity

Future minimum lease payments under non-cancellable leases as of December 31, 2019 were as follows (in thousands):



Years ending December 31,	Operating Lease Payments			Finance Lease Payments			Total Lease Payments
2020	$	23,399		$	18,534		$	41,933
2021	12,306			17,217			29,523
2022	9,622			11,987			21,609
2023	8,039			8,538			16,577
2024	4,596			4,827			9,423
Thereafter	14,296			5,386			19,682
Total future minimum lease payments	72,258			66,489			138,747
Less: Interest	(9,737		)	(8,249		)	(17,986		)
Total future minimum lease payments less interest	$	62,521		$	58,240		$	120,761

Reported as of December 31, 2019
Accounts payable and accrued expenses	$	179		$	70		$	249
Operating lease obligations	62,342			—			62,342
Finance lease obligations	—			58,170			58,170
Total lease obligations	$	62,521		$	58,240		$	120,761

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments under non-cancellable leases as of December 31, 2019 were as follows (in thousands):



Years ending December 31,	Operating Lease Payments			Finance Lease Payments			Total Lease Payments
2020	$	23,399		$	18,534		$	41,933
2021	12,306			17,217			29,523
2022	9,622			11,987			21,609
2023	8,039			8,538			16,577
2024	4,596			4,827			9,423
Thereafter	14,296			5,386			19,682
Total future minimum lease payments	72,258			66,489			138,747
Less: Interest	(9,737		)	(8,249		)	(17,986		)
Total future minimum lease payments less interest	$	62,521		$	58,240		$	120,761

Reported as of December 31, 2019
Accounts payable and accrued expenses	$	179		$	70		$	249
Operating lease obligations	62,342			—			62,342
Finance lease obligations	—			58,170			58,170
Total lease obligations	$	62,521		$	58,240		$	120,761

Lessor, Operating Lease, Payments to be Received, Maturity

Future minimum lease payments due from our customers on leases as of December 31, 2019 were as follows (in thousands):



	Operating Leases
Year ending December 31,	Operating Leases
2020	$	16,736
2021	13,223
2022	11,244
2023	9,782
2024	7,274
Thereafter	18,920
Total	$	77,179

Sale-Leasebacks of Real Estate (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of outstanding sale-leaseback financing obligations

The Company’s outstanding sale-leaseback financing obligations of real estate-related long-lived assets as of December 31, 2019 and 2018 are as follows:



	Maturity	Interest Rate as of December 31, 2019	2019		2018
			(In thousands)
1 warehouse – 2010	7/2030	10.34%	$	18,994	$	19,265
11 warehouses – 2007	9/2027	7.00%-19.59%	96,765		99,655
Total sale-leaseback financing obligations			$	115,759	$	118,920



Years Ending December 31:	(In thousands)
2020	$	17,087
2021	17,351
2022	17,619
2023	17,892
2024	18,170
Thereafter	115,090
Total minimum payments	203,209
Interest portion	(87,450		)
Present value of net minimum payments	$	115,759

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured or disclosed at fair value are as follows:



		Fair Value
	Fair Value Hierarchy	December 31,
	Fair Value Hierarchy	2019		2018
		(In thousands)
Measured at fair value on a recurring basis:
Interest rate swap asset	Level 2	$	2,936	$	—
Interest rate swap liability	Level 2	3,507		—
Cross-currency swap asset	Level 2	1,404		2,283
Foreign exchange forward contract asset	Level 2	2,546		—
Foreign exchange forward contract liability	Level 2	2,589		—
Assets held by various pension plans:
	Level 1	35,317		30,281
	Level 2	33,991		29,456
Disclosed at fair value:
Mortgage notes, senior unsecured notes and term loan⁽¹⁾	Level 3	$	1,783,463	$	1,365,812

⁽¹⁾The carrying value of mortgage notes, senior unsecured notes and term loan is disclosed in Note 10.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Dividends and Distributions (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of dividends declared and distributions paid

The following tables summarize dividends declared and distributions paid to the holders of common shares and Series B Preferred Shares in 2019, 2018 and 2017:



2019 (Common Shares)
Month Declared/Paid	Dividend Per Share		Distributions Declared		Distributions Paid
(In thousands, except per share amounts)
December (2018)/January	$	0.1875	$	—	$	28,218
December ^(a)			—		(127		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
December (2018)/January			—		7			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
March/April	$	0.2000	30,235		30,235
March ^(b)			—		(142		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April			—		15			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	$	0.2000	38,764		38,764
June ^(c)			—		(172		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July			—		13			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.2000	38,795		38,795
October ^(d)			—		(170		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
September/October			—		7			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
December/January (2020)	$	0.2000	38,796		—
			$	146,590	$	135,443


(a)	Declared in December 2018 and included in the $28.2 million declared, see description to the right regarding timing of payment.


(b)	Declared in March and included in the $30.2 million declared, see description to the right regarding timing of payment.


(c)	Declared in June and included in the $38.8 million declared, see description to the right regarding timing of payment.


(d)	Declared in September and included in the $38.8 million declared, see description to the right regarding timing of payment.



2018
Month Declared/Paid	Dividend Per Share		Distributions Declared				Distributions Paid
			Common Shares		Series B Preferred Shares		Common Shares			Series B Preferred Shares
(In thousands, except per share amounts)
January ^(a)	$	0.0186	$	1,291	$	619	$	1,291		$	619
March/April	$	0.1396	20,145		—		20,145
March ^(c)			—		—		(79		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April			—		—		20			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	$	0.1875	27,250		—		27,250			—
June ^(d)			—		—		(118		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July			—		—		28			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.1875	28,072		—		28,072
October^(e)			—		—		(114		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
September/October			—		—		28			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
December/January (2019)	$	0.1875	28,218		—		—			—
			$	104,976			$	76,523

Series B Preferred Shares - Fixed Dividend
January ^(a)					1,198					1,198
Total distributions paid to holders of Series B Preferred Shares ^(b)					$	1,817				$	1,817


(a)	Stub period dividend paid to shareholders of record prior to the IPO.


(b)	Last participating and fixed dividend paid to holders of Series B Preferred Shares in connection with the conversion to common shares on the IPO date.


(c)	Declared in March and included in the $20.1 million declared, see description to the right regarding timing of payment.


(d)	Declared in June and included in the $27.3 million declared, see description to the right regarding timing of payment.


(e)	Declared in September and included in the $28.1 million declared, see description to the right regarding timing of payment.



2017
Month Declared	Dividend Per Share		Distributions Paid					Month Paid
			Common Shares		Series B Preferred Shares
(In thousands, except per share amounts)
March	$	0.0730	$	5,053	$	2,421		April
June	$	0.0730	5,054		2,422			July
September	$	0.0730	5,053		2,421			October
December	$	0.0730	5,054		2,422			December
			$	20,214	9,686		^(a)

Series B Preferred Shares - Fixed Dividend					18,750		^(b)
Total distributions paid to holders of Series B Preferred Shares					$	28,436


(a)	Participating dividend.

(b)

Paid in equal quarterly amounts along with the participating dividend.

Schedule of distribution type

The composition of the Company’s distributions per common share and per preferred share is as follows:



Common Shares	2019		2018		2017
Ordinary income	83	%	66	%	85	%
Capital gains	0	%	0	%	0	%
Return of capital	17	%	34	%	15	%
	100	%	100	%	100	%



Preferred Shares	2019	2018		2017
Ordinary income	N/A	100	%	100	%
Capital gains	N/A	0	%	0	%
Return of capital	N/A	0	%	0	%
	N/A	100	%	100	%

Partner's Capital (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of Distributions

We have declared and paid the following distributions to Americold Realty Trust for the years ended December 31, 2019, 2018 and 2017 (in thousands):



2019
Month Declared/Paid	Distributions Declared		Distributions Paid
December (2018)/January	$	—	$	28,098
March/April	30,235		30,108
June/July	38,764		38,605
September/October	38,795		38,632
December/January (2020)	38,796		—
	$	146,590	$	135,443



2018
Month Declared/Paid	Distributions Declared		Distributions Paid
January ^(a)	$	3,242	$	3,242
March/April	20,145		20,086
June/July	27,250		27,160
September/October	28,072		27,986
December/January (2019)	28,218		—
	$	106,927	$	78,474


(a)	Stub period distribution paid to Parent immediately prior to the IPO.



2017
Month Declared/Paid	Distributions Paid
March/April	$	12,161
June/July	12,171
September/October	12,162
December	12,172
	$	48,666

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of restricted stock units activity

The following table provides a summary of restricted stock awards activity under the 2010 and 2017 Plans as of December 31, 2019:



Year Ended December 31, 2019
Restricted Stock	Number of Time-Based Restricted Stock Units		Aggregate Intrinsic Value (in millions)		Number of Performance-Based Restricted Stock Units		Aggregate Intrinsic Value (in millions)		Number of Market Performance-Based Restricted Stock Units		Aggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2018	1,028,256		$	26.3	71,428		$	1.8	587,500		$	15.0
Granted	280,083				—				243,168
Vested⁽¹⁾	(443,481	)			(14,286	)			—
Forfeited	(150,795	)			—				(51,480	)
Non-vested as of December 31, 2019	714,063		$	25.0	57,142		$	2.0	779,188		$	27.3
Shares vested, but not released⁽¹⁾	615,643		21.6		14,286		0.5		—		—
Total outstanding restricted stock units	1,329,706		$	46.6	71,428		$	2.5	779,188		$	27.3

(1)

The following table summarizes restricted stock unit grants by grantee type during the years ended December 31, 2019, 2018 and 2017:



Year Ended December 31	Grantee Type	Number of Restricted Stock Units Granted	Vesting Period	Grant Date Fair Value (in thousands)
2019	Trustees	18,267	1 year	$	575
2019	Employees	504,984	1-3 years	$	16,843
2018	Trustees	373,438	1-3 years	$	5,975
2018	Employees	1,263,751	1-4 years	$	22,196
2017	Trustees	18,348	2-3 years	$	199
2017	Employees	141,288	5 years	$	1,897

Schedule of market performance-based restricted stock units thresholds

In the event that the RMZ Relative Market Performance during the Market Performance Period is achieved at the “threshold,” “target” or “high” level as set forth below, the awards will become vested as to the market condition with respect to the percentage of RSUs, as applicable, set forth below:



Performance Level Thresholds	RMS Relative Market Performance	Market Performance Vesting Percentage
High Level	above 75^th percentile	200%
Target Level	55^th percentile	100%
Threshold Level	30^th percentile	50%
Below Threshold Level	below 30^th percentile	0%

In the event that the TSR upon completion of the market performance period is achieved at the “minimum,” “target” or “maximum” level as set forth below, the awards will become vested as to the market condition with respect to the percentage RSUs, as applicable, set forth below:



Performance Level Thresholds	TSR	Market Performance Percentage
Maximum	12%	150% of Target Award
Target	10%	100% of Target Award
Minimum	8%	50% of Target Award

Schedule of performance-based restricted stock unit valuation assumptions

The key assumptions used in the valuation of the April 2017 award were as follows:



Award Date	Expected Stock Price Volatility	Risk-Free Interest Rate	Dividend Yield
4/10/2017	30%	1.63%	2%

Assumptions used in the valuations are summarized as follows:



Award Date	Expected Stock Price Volatility	Risk-Free Interest Rate	Dividend Yield ⁽¹⁾
2018	25% - 30%	2.34% - 2.85%	N/A
2019	22%	2.40% - 2.43%	N/A

(1)

Dividends are assumed to be reinvested and therefore not applicable.

Schedule of stock option activity

The following table provides a summary of option activity for the year ended December 31, 2019:



	Number of Options		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Terms (Years)
Outstanding as of December 31, 2018	2,355,787		$	9.81	5.4
Granted	—		—
Exercised	(1,342,289	)	9.81
Forfeited or expired	(219,000	)	9.81
Outstanding as of December 31, 2019	794,498		$	9.81	5.8

Exercisable as of December 31, 2019	301,500		$	9.81	5.1

Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Following is a summary of the income/(loss) before income taxes in the U.S. and foreign operations:



	2019		2018		2017
	(In thousands)
U.S.	$	33,417	$	37,060	$	(11,212	)
Foreign	9,588		7,306		19,997
Pre-tax income	$	43,005	$	44,366	$	8,785

Schedule of Components of Income Tax Expense (Benefit)

The benefit (expense) for income taxes for the years ended December 31, 2019, 2018 and 2017 is as follows:



	2019			2018			2017
	(In thousands)
Current
U.S. federal	$	(20	)	$	4,424		$	(4,848	)
State	(670		)	(353		)	(644		)
Foreign	(4,854		)	(3,604		)	(7,559		)
Total current portion	(5,544		)	467			(13,051		)

Deferred
U.S. federal	7,701			2,094			2,277
State	2,217			494			(72		)
Foreign	783			564			1,453
Total deferred portion	10,701			3,152			3,658
Total income tax benefit (expense)	$	5,157		$	3,619		$	(9,393	)

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the statutory rate and reported amount is as follows:



	2019			2018			2017
	(In thousands)
Income taxes at statutory rates	$	(9,031	)	$	(9,317	)	$	(2,987	)
Earnings (loss) from REIT - not subject to tax	9,526			9,015			(425		)
State income taxes, net of federal income tax benefit	(542		)	(187		)	(445		)
Provision to return	2			360			(205		)
Rate and permanent differences on non-U.S. earnings	(971		)	(1,228		)	668
Change in valuation allowance	2,761			(2,227		)	2,950
Non-deductible expenses	3,462			4,021			(2,345		)
Change in uncertain tax positions	(367		)	347			94
Effect of Tax Cuts and Jobs Act	—			3,797			(3,113		)
REIT excise tax	—			—			(4,772		)
Other	317			(962		)	1,187
Total	$	5,157		$	3,619		$	(9,393	)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of December 31, 2019 and 2018 are as follows:



	2019			2018
	(In thousands)
Deferred tax assets:
Net operating loss and credits carryforwards	$	11,806		$	14,062
Accrued expenses	26,911			25,889
Share-based compensation	4,618			4,709
Lease obligations	9,674			—
Other assets	4,420			241
Total gross deferred tax assets	57,429			44,901
Less: valuation allowance	(16,043		)	(19,627		)
Total net deferred tax assets	41,386			25,274

Deferred tax liabilities:
Intangible assets and goodwill	(8,739		)	(5,628		)
Property, buildings and equipment	(38,358		)	(35,672		)
Lease right-of-use assets	(9,674		)	—
Other liabilities	(1,316		)	(1,144		)
Total gross deferred tax liabilities	(58,087		)	(42,444		)
Net deferred tax liability	$	(16,701	)	$	(17,170	)

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended December 31, 2019, 2018 and 2017:



	Tax			Interest			Penalties			Total
	(In thousands)
Balance at December 31, 2016*	$	857		$	19		$	8		$	884
Increases related to current-year tax positions	—			3			—			3
Decreases related to prior-year tax positions	—			(4		)	(8		)	(12		)
Decreases due to lapse in statute of limitations	(73		)	(12		)	—			(85		)
Balance at December 31, 2017*	784			6			—			790
Decreases due to lapse in statute of limitations	(353		)	(6		)	—			(359		)
Balance at December 31, 2018*	431			—			—			431
Increase related to current-year tax positions	367			—			—			367
Decreases due to lapse in statute of limitations	(431		)	—			—			(431		)
Balance at December 31, 2019*	$	367		$	—		$	—		$	367

*Balance would favorably affect the Company’s effective tax rate if recognized.

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

Actuarial information regarding these plans is as follows:



	2019
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits			Superannuation			Total
Change in benefit obligation:	(In thousands)
Benefit obligation – January 1, 2019	$	(43,364	)	$	(30,627	)	$	(678	)	$	(1,385	)	$	(76,054	)
Service cost	—			—			—			(78		)	(78		)
Interest cost	(1,590		)	(1,245		)	(23		)	(49		)	(2,907		)
Actuarial loss	(3,251		)	(4,167		)	(62		)	(77		)	(7,557		)
Benefits paid	2,990			1,003			—			447			4,440
Plan participants’ contributions	—			—			—			(12		)	(12		)
Foreign currency translation loss	—			—			—			2			2
Effect of settlement	—			—			152			—			152
Benefit obligation – end of year	(45,215		)	(35,036		)	(611		)	(1,152		)	(82,014		)

Change in plan assets:
Fair value of plan assets – January 1, 2019	34,958			23,277			—			1,502			59,737
Actual return on plan assets	6,804			4,556			—			237			11,597
Employer contributions	1,339			1,011			152			58			2,560
Benefits paid	(2,990		)	(1,003		)	—			(447		)	(4,440		)
Effect of settlement	—			—			(152		)	—			(152		)
Plan participants’ contributions	—			—			—			12			12
Foreign currency translation loss	—			—			—			(6		)	(6		)
Fair value of plan assets – end of year	40,111			27,841			—			1,356			69,308
Funded status	$	(5,104	)	$	(7,195	)	$	(611	)	$	204		$	(12,706	)

Amounts recognized on the consolidated balance sheet as of December 31, 2019:
Pension and post-retirement liability	$	(5,104	)	$	(7,195	)	$	(611	)	$	204		$	(12,706	)
Accumulated other comprehensive loss (income)	6,417			4,501			(21		)	62			10,959
Amounts in accumulated other comprehensive loss consist of:
Net loss (gain)	6,417			4,501			(21		)	(15		)	10,882
Prior service cost	—			—			—			77			77

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net (gain) loss	(1,793		)	788			(94		)	(78		)	(1,177		)
Amortization of net (loss) gain	(1,509		)	(564		)	4			—			(2,069		)
Amortization of prior service cost	—			—			—			(28		)	(28		)
Amount recognized due to special event	—			—			5			5			10
Foreign currency translation loss	—			—			—			(5		)	(5		)
Total recognized in other comprehensive loss (income)	$	(3,302	)	$	224		$	(85	)	$	(106	)	$	(3,269	)

Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	45,215		$	35,036		$	611		$	1,152		$	82,014
Accumulated benefit obligation	$	45,215		$	35,036		$	611		$	1,038		$	81,900
Fair value of plan assets	$	40,111		$	27,841		$	—		$	1,356		$	69,308



	2018
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits			Superannuation			Total
Change in benefit obligation:	(In thousands)
Benefit obligation – January 1, 2018	$	(45,386	)	$	(33,405	)	$	(691	)	$	(3,002	)	$	(82,484	)
Service cost	(31		)	(78		)	—			(137		)	(246		)
Interest cost	(1,418		)	(1,199		)	(20		)	(104		)	(2,741		)
Actuarial loss	753			3,125			33			179			4,090
Benefits paid	2,718			930			—			1,391			5,039
Plan participants’ contributions	—			—			—			(21		)	(21		)
Foreign currency translation gain	—			—			—			309			309
Benefit obligation – end of year	(43,364		)	(30,627		)	(678		)	(1,385		)	(76,054		)

Change in plan assets:
Fair value of plan assets – January 1, 2018	38,218			24,518			—			2,992			65,728
Actual return on plan assets	(2,042		)	(1,446		)	—			50			(3,438		)
Employer contributions	1,499			1,135			—			125			2,759
Benefits paid	(2,717		)	(930		)	—			(1,391		)	(5,038		)
Plan participants’ contributions	—			—			—			21			21
Foreign currency translation gain	—			—			—			(295		)	(295		)
Fair value of plan assets – end of year	34,958			23,277			—			1,502			59,737
Funded status	$	(8,406	)	$	(7,350	)	$	(678	)	$	117		$	(16,317	)

Amounts recognized on the consolidated balance sheet as of December 31, 2018:
Pension and post-retirement liability	$	(8,406	)	$	(7,350	)	$	(678	)	$	117		$	(16,317	)
Accumulated other comprehensive loss (income)	9,718			4,278			(92		)	170			14,074
Amounts in accumulated other comprehensive loss consist of:
Net loss (gain)	9,718			4,278			(92		)	65			13,969
Prior service cost	—			—			—			105			105

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net loss (gain)	3,337			(311		)	(34		)	(66		)	2,926
Amortization of net gain	(1,244		)	(715		)	—			—			(1,959		)
Amortization of prior service cost	—			—			—			(28		)	(28		)
Amount recognized due to special event	—			—			—			(64		)	(64		)
Foreign currency translation loss	—			—			—			26			26
Total recognized in other comprehensive loss (income)	$	2,093		$	(1,026	)	$	(34	)	$	(132	)	$	901

Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	43,364		$	30,627		$	678		$	1,385		$	76,054
Accumulated benefit obligation	$	43,364		$	30,627		$	678		$	1,186		$	75,855
Fair value of plan assets	$	34,958		$	23,277		$	—		$	1,502		$	59,737

Schedule of Net Periodic Benefit Costs

The components of net period benefit cost for the years ended December 31, 2019, 2018 and 2017 are as follows:



	December 31, 2019
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits			Superannuation			Total
Components of net periodic benefit cost:	(In thousands)
Service cost	$	—		$	—		$	—		$	78		$	78
Interest cost	1,590			1,245			23			49			2,907
Expected return on plan assets	(1,760		)	(1,176		)	—			(74		)	(3,010		)
Amortization of net loss (gain)	1,509			564			(4		)	—			2,069
Amortization of prior service cost	—			—			—			28			28
Effect of settlement	—			—			(5		)	(5		)	(10		)
Net pension benefit cost	$	1,339		$	633		$	14		$	76		$	2,062



	December 31, 2018
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits		Superannuation			Total
Components of net periodic benefit cost:	(In thousands)
Service cost	$	31		$	78		$	—	$	137		$	246
Interest cost	1,418			1,199			20		104			2,741
Expected return on plan assets	(2,047		)	(1,369		)	—		(172		)	(3,588		)
Amortization of net loss	1,244			715			—		—			1,959
Amortization of prior service cost	—			—			—		30			30
Effect of settlement	—			—			—		68			68
Net pension benefit cost	$	646		$	623		$	20	$	167		$	1,456



	December 31, 2017
	Retirement Income Plan			National Service-Related Pension Plan			Other Post-Retirement Benefits			Superannuation			Total
Components of net periodic benefit cost:	(In thousands)
Service cost	$	65		$	504		$	—		$	153		$	722
Interest cost	1,583			1,256			22			120			2,981
Expected return on plan assets	(1,757		)	(1,175		)	—			(174		)	(3,106		)
Amortization of net loss (gain)	1,889			815			(1		)	—			2,703
Amortization of prior service cost	—			212			—			9			221
Effect of settlement	—			—			(4		)	67			63
Net pension benefit cost	$	1,780		$	1,612		$	17		$	175		$	3,584

Schedule of Assumptions Used

The weighted average assumptions used to determine benefit obligations and net period benefit costs for the years ended December 31, 2019, 2018 and 2017 are as follows:



	December 31, 2019
	Retirement Income Plan		National Service-Related Pension Plan		Other Post-Retirement Benefits		Superan- nuation
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	3.00	%	3.25	%	2.55	%	2.30	%
Rate of compensation increase	N/A		N/A		N/A		3.25	%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	3.95	%	4.15	%	3.70	%	3.70	%
Expected return on plan assets	6.50	%	6.50	%	N/A		5.00	%
Rate of compensation increase	3.50	%	N/A		N/A		3.25	%



	December 31, 2018
	Retirement Income Plan		National Service-Related Pension Plan		Other Post-Retirement Benefits		Superan- nuation
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	3.95	%	4.15	%	3.70	%	3.70	%
Rate of compensation increase	3.50	%	N/A		N/A		3.25	%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	3.35	%	3.65	%	3.10	%	3.70	%
Expected return on plan assets	7.00	%	7.00	%	N/A		6.00	%
Rate of compensation increase	3.50	%	N/A		N/A		4.00	%



	December 31, 2017
	Retirement Income Plan		National Service-Related Pension Plan		Other Post-Retirement Benefits		Superan- nuation
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	3.35	%	3.65	%	3.10	%	3.70	%
Rate of compensation increase	3.50	%	N/A		N/A		4.00	%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	3.75	%	4.15	%	3.40	%	4.20	%
Expected return on plan assets	7.00	%	7.00	%	N/A		6.00	%
Rate of compensation increase	3.50	%	N/A		N/A		4.00	%

Schedule of Allocation of Plan Assets

The fair values of the Company’s pension plan assets as of December 31, 2019, by category, are as follow:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of December 31, 2019
Assets	(In thousands)
U.S. equities:
Large cap⁽¹⁾	$	—	$	17,698	$	—	$	17,698
Medium cap⁽¹⁾	—		3,404		—		3,404
Small cap⁽¹⁾	1,360		1,360		—		2,720
Non-U.S. equities:
Large cap⁽²⁾	12,919		—		—		12,919
Emerging markets⁽³⁾	4,060		—		—		4,060
Fixed-income securities:
Money markets⁽⁴⁾	—		3,381		—		3,381
U.S. bonds⁽⁵⁾	10,172		3,397		—		13,569
Non-U.S. bonds⁽⁵⁾	6,806		—		—		6,806
Real estate⁽⁶⁾	—		3,395		—		3,395
Common/collective trusts	—		1,356		—		1,356
Total assets	$	35,317	$	33,991	$	—	$	69,308

The fair values of the Company’s pension plan assets as of December 31, 2018, by category, are as follows:



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of December 31, 2018
Assets	(In thousands)
U.S. equities:
Large cap⁽¹⁾	$	—	$	15,141	$	—	$	15,141
Medium cap⁽¹⁾	—		2,912		—		2,912
Small cap⁽¹⁾	1,165		1,165		—		2,330
Non-U.S. equities:
Large cap⁽²⁾	11,065		—		—		11,065
Emerging markets⁽³⁾	3,494		—		—		3,494
Fixed-income securities:
Money markets⁽⁴⁾	—		2,912		—		2,912
U.S. bonds⁽⁵⁾	8,735		2,912		—		11,647
Non-U.S. bonds⁽⁵⁾	5,822		—		—		5,822
Real estate⁽⁶⁾	—		2,912		—		2,912
Common/collective trusts	—		1,502		—		1,502
Total assets	$	30,281	$	29,456	$	—	$	59,737


⁽¹⁾	Includes funds that primarily invest in U.S. common stock.


⁽²⁾	Includes funds that invest primarily in foreign equity and equity-related securities.


⁽³⁾	Includes funds that invest primarily in equity securities of companies in emerging market countries.


⁽⁴⁾	Includes funds that invest primarily in short-term securities, such as commercial paper.


⁽⁵⁾	Includes funds either publicly traded (Level 1) or within a separate account (Level 2) held by a regulated investment company. These funds hold primarily debt and fixed-income securities.

⁽⁶⁾

Includes funds in a separate account held by a regulated investment company that invest primarily in commercial real estate and includes mortgage loans which are backed by the associated properties. The Company can call the investment in these assets with no restrictions.

The allocations of the U.S. Plans’ and the Offshore Plan’s investments by fair value as of December 31, 2019 and 2018 are as follows:



	U.S. Plans			Offshore Plan
	Actual		Target Allocation	Actual		Target Allocation
	2019	2018	Target Allocation	2019	2018	Target Allocation

U.S. equities	35%	35%	25–55%	20%	16%	19%
Non-U.S. equities	25%	25%	15–45%	42%	46%	41%
Fixed-income securities	35%	35%	15–40%	8%	9%	13%
Real estate	5%	5%	0–5%	8%	8%	8%
Cash and other	—%	—%	—%	22%	21%	19%

Schedule of Expected Benefit Payments

The following benefit payments, which reflect expected future services, as appropriate, are expected to be paid for all plans as of December 31, 2019:



Years Ending December 31:	(In thousands)
2020	$	7,796
2021	5,090
2022	5,034
2023	4,862
2024	4,867
Thereafter	22,846
	$	50,495

Schedule of Multiemployer Plans



Pension Fund	EIN/Pension Plan Number	Pension Protection Act Zone Status		FIP/RP Status Pending/ Implemented	Americold Contributions						Surcharge Imposed
Pension Fund	EIN/Pension Plan Number	2019	2018	FIP/RP Status Pending/ Implemented	2019		2018		2017		Surcharge Imposed
					(In thousands)
Central Pension Fund of the International Union of Operating Engineers and Participating Employers ⁽²⁾	36-6052390	Green	Green	No	$	6	$	6	$	3	No

Central States SE & SW Areas Health and Welfare Pension Plans ⁽¹⁾	36-6044243	Red	Red	Yes/ Implemented	9,238		8,424		8,427		No

New England Teamsters & Trucking Industry Pension Plan ⁽³⁾	04-6372430	Red	Red	Yes/ Implemented	456		456		566		No

Alternative New England Teamsters & Trucking Industry Pension Plan	04-6372430	Green	Green	No	449		493		98		No

I.U.O.E Stationary Engineers Local 39 Pension Fund ⁽¹⁾	94-6118939	Green	Green	No	194		160		197		No

United Food & Commercial Workers International Union-Industry Pension Fund ⁽⁴⁾	51-6055922	Green	Green	No	105		90		87		No

Western Conference of Teamsters Pension Fund ⁽¹⁾	91-6145047	Green	Green	No	7,398		7,632		7,265		No

Minneapolis Food Distributing Industry Pension Plan⁽¹⁾	41-6047047	Green	Green	Yes/ Implemented	116		180		326		No

				Total Contributions	$	17,962	$	17,441	$	16,969


⁽¹⁾	The status information is for the plans’ year end at December 31, 2019 and 2018.


⁽²⁾	The status information is for the plans’ year end at January 31, 2019 and 2018.


⁽³⁾	The status information is for the plans’ year end at September 30, 2019 and 2018. The Company withdrew from the multi-employer plan on October, 31, 2017.

⁽⁴⁾

The status information is for the plans’ year end at June 30, 2019 and 2018.

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Construction Commitments

As of December 31, 2019, the Company had the following construction commitments related to its expansion of existing warehouse facilities:



Facility	Committed construction cost (in thousands)		Expected construction completion period
Columbus, OH	$	241	Q1 2020
Savannah, GA	13,692		Q2 2020
Atlanta, GA	44,041		Q2 2021
Total construction commitments	$	57,974

Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of Accumulated Other Comprehensive (Loss) Income

The activity in AOCI for the years ended December 31, 2019, 2018 and 2017 is as follows:



	2019			2018			2017
Pension and other postretirement benefits:	(In thousands)
Balance at beginning of period, net of tax	$	(8,027	)	$	(7,126	)	$	(12,880	)
Gain (loss) arising during the period	1,180			(2,926		)	2,663
Less: Tax expense (benefit)	3			27			(49		)
Net (loss) gain arising during the period	1,177			(2,953		)	2,712
Amortization of net loss and prior service cost⁽¹⁾	2,092			2,052			3,042
Net amount reclassified from AOCI to net income (loss)	2,092			2,052			3,042
Other comprehensive (loss) income, net of tax	3,269			(901		)	5,754
Balance at end of period, net of tax	(4,758		)	(8,027		)	(7,126		)
Foreign currency translation adjustments:
Balance at beginning of period, net of tax	(3,322		)	8,318			3,874
(Loss) gain on foreign currency translation	(783		)	(11,640		)	4,444
Derecognition of cumulative foreign currency translation gain upon sale of partially owned entities ⁽²⁾	(2,605		)	—			—
Net (loss) gain on foreign currency translation	(3,388		)	(11,640		)	4,444
Balance at end of period, net of tax	(6,710		)	(3,322		)	8,318
Cash flow hedge derivatives:
Balance at beginning of period, net of tax	(1,166		)	(1,422		)	(1,538		)
Unrealized (loss) gain on cash flow hedge derivatives	(1,450		)	862			(1,387		)
Less: Tax expense	—			173			44
Net (loss) gain cash flow hedge derivatives	(1,450		)	689			(1,431		)
Net amount reclassified from AOCI to net income (loss) (interest expense)	(306		)	1,191			1,547
Net amount reclassified from AOCI to net income (loss) (loss on debt extinguishment, modifications and termination of derivative instruments)	—			1,825			—
Net amount reclassified from AOCI to net income (loss) (foreign exchange loss (gain), net)	264			(3,449		)	—
Balance at end of period, net of tax	(2,658		)	(1,166		)	(1,422		)

Accumulated other comprehensive loss	$	(14,126	)	$	(12,515	)	$	(230	)


(1)	Amounts reclassified from AOCI for pension liabilities are recorded in selling, general, and administrative expenses in the Consolidated Statements of Operations.

(2)

Geographic Concentrations (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Revenue and Assets by Geographic Concentrations

The following table provides geographic information for the Company’s total revenues for the years ended December 31, 2019, 2018 and 2017, and total assets as of December 31, 2019 and 2018:



	Total Revenues						Total Assets
	2019		2018		2017		2019		2018
	(In thousands)
U.S.	$	1,509,401	$	1,313,811	$	1,253,879	$	3,812,761	$	2,242,078
Australia	216,741		227,374		219,738		274,288		226,666
New Zealand	30,047		32,363		33,289		67,046		51,419
Argentina	9,647		11,752		18,319		7,794		7,154
Canada	17,869		18,335		18,362		8,794		5,111
	$	1,783,705	$	1,603,635	$	1,543,587	$	4,170,683	$	2,532,428

Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents segment revenues and contributions with a reconciliation to Income before income tax benefit (expense) for the years ended December 31, 2019, 2018 and 2017:



	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Segment revenues:
Warehouse	$	1,377,217		$	1,176,912		$	1,145,662
Third-party managed	252,939			259,034			242,189
Transportation	144,844			158,790			146,070
Other	8,705			8,899			9,666
Total revenues	1,783,705			1,603,635			1,543,587

Segment contribution:
Warehouse	447,591			374,534			348,328
Third-party managed	11,761			14,760			12,825
Transportation	18,067			15,735			12,950
Other	838			620			2
Total segment contribution	478,257			405,649			374,105

Reconciling items:
Depreciation, depletion and amortization	(163,348		)	(117,653		)	(116,741		)
Selling, general and administrative expense	(129,310		)	(110,825		)	(99,616		)
Acquisition, litigation and other	(40,614		)	(3,935		)	(11,329		)
Impairment of long-lived assets	(13,485		)	(747		)	(9,473		)
(Loss) gain from sale of real estate, net	(34		)	7,471			43
Interest expense	(94,408		)	(93,312		)	(114,898		)
Interest income	6,286			3,996			1,074
Bridge loan commitment fees	(2,665		)	—			—
Loss on debt extinguishment, modifications and termination of derivative instruments	—			(47,559		)	(986		)
Foreign currency exchange gain (loss), net	10			2,882			(3,591		)
Other expense, net	(1,870		)	(532		)	(1,944		)
Loss from partially owned entities	(111		)	(1,069		)	(1,363		)
Gain from sale of partially owned entities	4,297			—			—
Impairment of partially owned entities	—			—			(6,496		)
Income before income tax benefit (expense)	$	43,005		$	44,366		$	8,785



	Years Ended December 31,
	2019		2018
	(In thousands)
Assets:
Warehouse	$	3,684,391	$	2,054,968
Third-party managed	47,867		43,725
Transportation	50,666		35,479
Other	13,467		13,554
Total segments assets	3,796,391		2,147,726

Reconciling items:
Corporate assets	374,292		370,161
Investments in partially owned entities	—		14,541
Total reconciling items	374,292		384,702
Total assets	$	4,170,683	$	2,532,428

Earning per Common Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of weighted average number of common shares outstanding

A reconciliation of the basic and diluted weighted-average number of common shares outstanding for the years ended December 31, 2019, 2018 and 2017 is as follows:



	Year ended December 31,
	2019	2018	2017
	(In thousands)
Weighted average common shares outstanding – basic	179,598	141,415	70,022
Dilutive effect of share-based awards	1,660	2,662	—
Equity forward contracts	2,692	261	—
Weighted average common shares outstanding – diluted	183,950	144,338	70,022

Schedule of antidilutive securities excluded from computation of earnings (loss) per share

The table below presents the weighted-average number of antidilutive potential common shares that are not considered in the calculation of diluted income (loss) per share:



	Year ended December 31,
	2019	2018	2017
	(In thousands)
Series B Convertible Preferred Stock	—	—	33,240
Common share warrants	—	—	18,575
Employee stock options	—	—	5,983
Restricted stock units	250	—	685
Equity forward contracts	—	—	—
	250	—	58,483

Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables represent a disaggregation of revenue from contracts with customers for the years ended December 31, 2019, 2018 and 2017 by segment and geographic region:



	December 31, 2019
	United States		Australia		New Zealand		Argentina		Canada		Total
	(In thousands)
Warehouse rent and storage	$	502,674	$	37,172	$	15,942	$	4,749	$	—	$	560,537
Warehouse services	653,890		124,045		13,701		3,072		—		794,708
Third-party managed	220,165		14,886		—		—		17,869		252,920
Transportation	101,976		40,638		404		1,826		—		144,844
Other	8,683		—		—		—		—		8,683
Total revenues ⁽¹⁾	1,487,388		216,741		30,047		9,647		17,869		1,761,692
Lease revenue ⁽²⁾	22,013		—		—		—		—		22,013
Total revenues from contracts with all customers	$	1,509,401	$	216,741	$	30,047	$	9,647	$	17,869	$	1,783,705



	December 31, 2018
	United States		Australia		New Zealand		Argentina		Canada		Total
	(In thousands)
Warehouse rent and storage	$	433,131	$	39,573	$	15,018	$	5,694	$	—	$	493,416
Warehouse services	522,748		119,665		16,634		3,109		—		662,156
Third-party managed	227,757		12,742		—		—		18,335		258,834
Transportation	99,736		55,394		711		2,949		—		158,790
Other	8,877		—		—		—		—		8,877
Total revenues ⁽¹⁾	1,292,249		227,374		32,363		11,752		18,335		1,582,073
Lease revenue ⁽²⁾	21,562		—		—		—		—		21,562
Total revenues from contracts with all customers	$	1,313,811	$	227,374	$	32,363	$	11,752	$	18,335	$	1,603,635



	December 31, 2017
	United States		Australia		New Zealand		Argentina		Canada		Total
	(In thousands)
Warehouse rent and storage	$	413,647	$	40,086	$	17,695	$	9,139	$	—	$	480,567
Warehouse services	508,982		116,287		14,776		4,013		—		644,058
Third-party managed	214,400		9,227		—		—		18,362		241,989
Transportation	85,947		54,138		818		5,167		—		146,070
Other	9,644		—		—		—		—		9,644
Total revenues ⁽¹⁾	1,232,620		219,738		33,289		18,319		18,362		1,522,328
Lease revenue ⁽²⁾	21,259		—		—		—		—		21,259
Total revenues from contracts with all customers	$	1,253,879	$	219,738	$	33,289	$	18,319	$	18,362	$	1,543,587


(1)	Revenues are within the scope of ASC 606: Revenue From Contracts With Customers. Elements of contracts or arrangements that are in the scope of other standards (e.g., leases) are separated and accounted for under those standards.

(2)

Revenues are within the scope of Topic 842 and 840, Leases, for the applicable period.

Selected Quarterly Financial Data (Americold Realty Trust) - Unaudited (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

The following table sets forth selected unaudited quarterly statements of operations data for the years ended December 31, 2019 and 2018:



	2019
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenues	$	485,984	$	466,182	$	438,460	$	393,079
Total operating expenses	439,405		426,797		409,375		376,662
Operating income	46,579		39,385		29,085		16,417
Net income (loss) applicable to common shareholders	20,809		27,091		4,891		(4,629		)
Net income (loss) per common share^(a)
Basic	0.11		0.14		0.03		(0.03		)
Diluted	0.10		0.14		0.03		(0.03		)


(a)	Quarterly earnings per common share amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares outstanding included in the calculation of basic and diluted shares.



	2018
	December 31		September 30		June 30		March. 31
	(In thousands, except per share amounts)
Total revenues	$	415,817	$	402,010	$	394,667	$	391,141
Total operating expenses	364,646		358,457		345,363		355,209
Operating income	51,171		43,553		49,304		35,932
Net income (loss) applicable to common shareholders	2,678		24,540		29,406		(10,457		)
Net income (loss) per common share^(a)
Basic	0.02		0.17		0.20		(0.08		)
Diluted	0.02		0.17		0.20		(0.08		)

(a)

The following table sets forth selected unaudited quarterly statements of operations data for the years ended December 31, 2019 and 2018:



	2019
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenues	$	485,984	$	466,182	$	438,460	$	393,079
Total operating expenses	439,405		426,797		409,375		376,662
Operating income	46,579		39,385		29,085		16,417
Net income (loss) applicable to unitholders	20,809		27,091		4,891		(4,629		)
Net income (loss) per unit^(a)	0.11		0.14		0.03		(0.03		)


(a)	Quarterly earnings per unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted units outstanding included in the calculation of units.



	2018
	December 31		September 30		June 30		March. 31
	(In thousands, except per share amounts)
Total revenues	$	415,817	$	402,010	$	394,667	$	391,141
Total operating expenses	364,646		358,457		345,363		355,209
Operating income	51,171		43,553		49,304		35,932
Net income (loss) applicable to unitholders	2,678		24,540		29,406		(10,457		)
Net income (loss) per unit^(a)	0.02		0.17		0.21		(0.08		)

(a)

Quarterly earnings per unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted units outstanding included in the calculation of units.

Selected Quarterly Financial Data (Americold Realty Operating Partnership, L.P.) - Unaudited (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

The following table sets forth selected unaudited quarterly statements of operations data for the years ended December 31, 2019 and 2018:



	2019
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenues	$	485,984	$	466,182	$	438,460	$	393,079
Total operating expenses	439,405		426,797		409,375		376,662
Operating income	46,579		39,385		29,085		16,417
Net income (loss) applicable to common shareholders	20,809		27,091		4,891		(4,629		)
Net income (loss) per common share^(a)
Basic	0.11		0.14		0.03		(0.03		)
Diluted	0.10		0.14		0.03		(0.03		)


(a)	Quarterly earnings per common share amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares outstanding included in the calculation of basic and diluted shares.



	2018
	December 31		September 30		June 30		March. 31
	(In thousands, except per share amounts)
Total revenues	$	415,817	$	402,010	$	394,667	$	391,141
Total operating expenses	364,646		358,457		345,363		355,209
Operating income	51,171		43,553		49,304		35,932
Net income (loss) applicable to common shareholders	2,678		24,540		29,406		(10,457		)
Net income (loss) per common share^(a)
Basic	0.02		0.17		0.20		(0.08		)
Diluted	0.02		0.17		0.20		(0.08		)

(a)

The following table sets forth selected unaudited quarterly statements of operations data for the years ended December 31, 2019 and 2018:



	2019
	December 31		September 30		June 30		March 31
	(In thousands, except per share amounts)
Total revenues	$	485,984	$	466,182	$	438,460	$	393,079
Total operating expenses	439,405		426,797		409,375		376,662
Operating income	46,579		39,385		29,085		16,417
Net income (loss) applicable to unitholders	20,809		27,091		4,891		(4,629		)
Net income (loss) per unit^(a)	0.11		0.14		0.03		(0.03		)


(a)	Quarterly earnings per unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted units outstanding included in the calculation of units.



	2018
	December 31		September 30		June 30		March. 31
	(In thousands, except per share amounts)
Total revenues	$	415,817	$	402,010	$	394,667	$	391,141
Total operating expenses	364,646		358,457		345,363		355,209
Operating income	51,171		43,553		49,304		35,932
Net income (loss) applicable to unitholders	2,678		24,540		29,406		(10,457		)
Net income (loss) per unit^(a)	0.02		0.17		0.21		(0.08		)

(a)

Quarterly earnings per unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted units outstanding included in the calculation of units.

Description of the Business - Narrative (Details) $ / shares in Units, $ in Millions														1 Months Ended		2 Months Ended	12 Months Ended
	Jan. 02, 2020 USD ($)	Jan. 02, 2020 CAD ($)	Nov. 21, 2019 USD ($)	Sep. 24, 2019	Sep. 23, 2019	May 01, 2019 USD ($)	Apr. 22, 2019 USD ($) $ / shares shares	Feb. 01, 2019 USD ($)	Dec. 04, 2018 USD ($)	Dec. 03, 2018 USD ($)	Sep. 18, 2018 USD ($) $ / shares shares	Feb. 06, 2018 USD ($)	Jan. 23, 2018 USD ($) $ / shares shares	Mar. 31, 2019 USD ($) $ / shares shares	Feb. 28, 2018 USD ($)	Jan. 31, 2020 CAD ($)	Dec. 31, 2019 USD ($) warehouse shares	Dec. 31, 2018 USD ($) shares	Dec. 31, 2017 USD ($)	Dec. 31, 2010 shares	Aug. 23, 2018 USD ($)	Jan. 22, 2018 shares
Subsidiary, Sale of Stock [Line Items]
Number of warehouses \| warehouse																	178
Underwriting fees and other offering costs																	$ 0	$ 8,205,000	$ 0
Number of common shares to be purchased by warrants (in shares) \| shares													18,574,619
Exercise price of warrants (in USD per share) \| $ / shares													$ 9.81
Shares issued for warrant exercise (in shares) \| shares													6,426,818
Deemed valuation of warrants (in USD per share) \| $ / shares													$ 15.00
Cash paid for acquisition of property, buildings and equipment																	85,216,000	0	0
Americold Realty Operating Partnership, L.P..
Subsidiary, Sale of Stock [Line Items]
Payment of stub dividend																	135,443,000	86,679,000	48,666,000
Outstanding borrowings																	1,695,447,000
Cash paid for acquisition of property, buildings and equipment																	85,216,000	$ 0	0
Americold Realty Operating Partnership, L.P.. \| Term Loans \| Senior Secured Term Loan A Facility
Subsidiary, Sale of Stock [Line Items]
Indebtedness repaid												$ 50,000,000.0			$ 50,000,000
Term of debt													5 years
Face amount of debt													$ 525,000,000.0
Proceeds from debt													517,000,000.0
Outstanding borrowings															$ 475,000,000.0
Americold Realty Operating Partnership, L.P.. \| Credit Facility \| 2018 Senior Secured Revolving Credit Facility
Subsidiary, Sale of Stock [Line Items]
Additional accordion option													$ 400,000,000.0
Americold Realty Operating Partnership, L.P.. \| Credit Facility \| 2018 Senior Unsecured Credit Facilities
Subsidiary, Sale of Stock [Line Items]
Change in commitment fee percentage									0.50%
Americold Realty Operating Partnership, L.P.. \| Term Loans and Credit Facility \| 2018 Senior Unsecured Credit Facilities
Subsidiary, Sale of Stock [Line Items]
Aggregate commitments under credit agreements												925,000,000.0
Americold Realty Operating Partnership, L.P.. \| Revolving Credit Facility \| Credit Facility \| 2018 Senior Secured Revolving Credit Facility
Subsidiary, Sale of Stock [Line Items]
Term of debt													3 years
Increase in credit commitments												50,000,000.0
Revolver borrowing capacity												$ 450,000,000.0	$ 400,000,000.0
Outstanding borrowings																	$ 0
Americold Realty Operating Partnership, L.P.. \| Revolving Credit Facility \| Credit Facility \| 2018 Senior Unsecured Credit Facilities
Subsidiary, Sale of Stock [Line Items]
Revolver borrowing capacity									$ 800,000,000	$ 450,000,000
Americold Realty Operating Partnership, L.P.. \| LIBOR \| Term Loans and Credit Facility \| 2018 Senior Unsecured Credit Facilities
Subsidiary, Sale of Stock [Line Items]
Basis spread on variable rate									1.45%	2.35%
Americold Realty Operating Partnership, L.P.. \| LIBOR \| Revolving Credit Facility \| Term Loans \| 2018 Senior Unsecured Credit Facilities
Subsidiary, Sale of Stock [Line Items]
Basis spread on variable rate				1.00%	1.45%
Americold Realty Operating Partnership, L.P.. \| LIBOR \| Revolving Credit Facility \| Credit Facility \| 2018 Senior Unsecured Credit Facilities
Subsidiary, Sale of Stock [Line Items]
Basis spread on variable rate				0.90%	1.45%												0.90%
Common Stock
Subsidiary, Sale of Stock [Line Items]
Shares converted (in shares) \| shares													33,240,258					33,240,258
Shares issued for warrant exercise (in shares) \| shares																		6,426,818
Series B Preferred Shares
Subsidiary, Sale of Stock [Line Items]
Payment of accrued and unpaid dividends													$ 1,200,000				$ 0	$ 1,817,000	$ 28,436,000
PortFresh Holdings, LLC
Subsidiary, Sale of Stock [Line Items]
Cash paid for acquisition of property, buildings and equipment								$ 35,200,000
MHW Group Inc.
Subsidiary, Sale of Stock [Line Items]
Cash paid for acquisition of property, buildings and equipment			$ 50,100,000
Lanier Cold Storage
Subsidiary, Sale of Stock [Line Items]
Aggregate cash consideration						$ 81,900,000
Nova Cold Logistics \| Subsequent Event
Subsidiary, Sale of Stock [Line Items]
Consideration	$ 257,100,000	$ 336.8														$ 336.8
IPO
Subsidiary, Sale of Stock [Line Items]
Number of shares sold (in shares) \| shares													33,350,000
Initial offering price (in USD per share) \| $ / shares													$ 16.00
Net proceeds from offering													$ 493,600,000
Underwriting fees and other offering costs													40,000,000.0
Payment of stub dividend													3,100,000
Net proceeds from offering used for general corporate purposes													184,400,000
IPO \| Americold Realty Operating Partnership, L.P.. \| Term Loans \| Senior Secured Term Loan B Facility
Subsidiary, Sale of Stock [Line Items]
Indebtedness repaid													285,100,000
Payment of accrued and unpaid interest and closing expense													3,000,000.0
Payment of closing expense													200,000
IPO \| Americold Realty Operating Partnership, L.P.. \| Construction Loan \| Clearfield, Utah and Middleboro Massachusetts Construction Loans
Subsidiary, Sale of Stock [Line Items]
Indebtedness repaid													20,900,000
IPO \| Series A Preferred Shares
Subsidiary, Sale of Stock [Line Items]
Payment for redemption of preferred shares													$ 100,000
Underwriters' Option
Subsidiary, Sale of Stock [Line Items]
Number of shares sold (in shares) \| shares							6,562,000						4,350,000	6,063,105
Public Offering
Subsidiary, Sale of Stock [Line Items]
Number of shares sold (in shares) \| shares							42,062,000				4,000,000
Initial offering price (in USD per share) \| $ / shares							$ 29.75				$ 24.50			$ 27.75
Net proceeds from offering							$ 1,210,000,000				$ 92,500,000			$ 1,100,000,000
Underwriting fees and other offering costs														$ 1,500,000
Number of shares subject to forward sale agreement (in shares) \| shares							8,250,000				6,000,000
Public Stock Offering - YF ART Holdings L.P.
Subsidiary, Sale of Stock [Line Items]
Number of shares sold (in shares) \| shares											16,500,000			38,422,583
Public Stock Offering - Goldman Sachs
Subsidiary, Sale of Stock [Line Items]
Number of shares sold (in shares) \| shares											9,100,000			8,061,228
Public Stock Offering - Fortress Entities
Subsidiary, Sale of Stock [Line Items]
Number of shares sold (in shares) \| shares											7,200,000
At the Market Equity Program
Subsidiary, Sale of Stock [Line Items]
Number of shares sold (in shares) \| shares																	0
Authorized equity program																					$ 500,000,000.0
YF ART Holdings L.P.
Subsidiary, Sale of Stock [Line Items]
Ownership percentage before IPO													100.00%
Ownership percentage after IPO																	25.90%
Goldman \| Common Stock
Subsidiary, Sale of Stock [Line Items]
Shares converted (in shares) \| shares													28,808,224
CMHI
Subsidiary, Sale of Stock [Line Items]
Ownership percentage after IPO													3.10%
CMHI \| Common Stock
Subsidiary, Sale of Stock [Line Items]
Shares converted (in shares) \| shares													4,432,034
CMHI \| Series B Preferred Shares
Subsidiary, Sale of Stock [Line Items]
Number of shares sold (in shares) \| shares																				50,000
U.S.
Subsidiary, Sale of Stock [Line Items]
Number of warehouses \| warehouse																	160
Australia
Subsidiary, Sale of Stock [Line Items]
Number of warehouses \| warehouse																	6
New Zealand
Subsidiary, Sale of Stock [Line Items]
Number of warehouses \| warehouse																	7
Argentina
Subsidiary, Sale of Stock [Line Items]
Number of warehouses \| warehouse																	2
Canada
Subsidiary, Sale of Stock [Line Items]
Number of warehouses \| warehouse																	3
Americold Realty Operating Partnership, L.P.. \| General Partner
Subsidiary, Sale of Stock [Line Items]
Ownership of partnership																	99.00%
Americold Realty Operating Partnership, L.P.. \| Limited Partner
Subsidiary, Sale of Stock [Line Items]
Ownership of partnership																	1.00%
Goldman \| Series B Preferred Shares
Subsidiary, Sale of Stock [Line Items]
Number of shares issued (in shares) \| shares																						325,000

- Acquisition of Cloverleaf (Details) - USD ($) $ in Thousands	8 Months Ended
	Dec. 31, 2019	May 01, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Goodwill	$ 318,483		$ 186,095	$ 188,169	$ 186,805
Liabilities
Deferred tax liability		$ 9,600
Cloverleaf
Assets
Land	60,494	59,363
Land	1,131
Buildings and improvements	668,151	687,821
Buildings and improvements	(19,670)
Machinery and equipment	145,647	144,825
Machinery and equipment	822
Assets under construction	16,974	20,968
Assets under construction	(3,994)
Operating lease right-of-use assets	1,254	1,254
Operating lease right-of-use assets	0
Cash and cash equivalents	4,332	4,332
Cash and cash equivalents	0
Restricted cash	526	0
Restricted cash	526
Accounts receivable	21,578	21,358
Accounts receivable	220
Goodwill	125,940	107,643
Goodwill	18,297
Acquired identifiable intangibles:
Other assets	7,052	18,720
Other assets	(11,668)
Total assets	1,303,917	1,309,645
Total assets	(5,728)
Liabilities
Accounts payable and accrued expenses	43,503	30,905
Accounts payable and accrued expenses	12,598
Notes payable	3,878	17,179
Notes payable	(13,301)
Operating lease obligations	1,254	1,254
Operating lease obligations	0
Unearned revenue	3,536	3,536
Unearned revenue	0
Pension and postretirement benefits	0	2,020
Pension and postretirement benefits	(2,020)
Deferred tax liability	8,868	9,063
Deferred tax liability	(195)
Total liabilities	61,039	63,957
Total liabilities	(2,918)
Total consideration	1,242,878	1,245,688
Total consideration for Cloverleaf acquisition	(2,810)
Cloverleaf \| Customer Relationships
Acquired identifiable intangibles:
Acquired identifiable intangibles	250,346	241,738
Acquired identifiable intangibles	8,608
Cloverleaf \| Trademarks and Trade Names
Acquired identifiable intangibles:
Acquired identifiable intangibles	1,623	1,623
Acquired identifiable intangibles	$ 0
Lanier Cold Storage
Assets
Goodwill		6,400
Lanier Cold Storage \| Customer Relationships
Acquired identifiable intangibles:
Acquired identifiable intangibles		$ 16,300

Business Combination - Acquisition of Cloverleaf, Narrative (Details) $ in Thousands		12 Months Ended
	May 01, 2019 USD ($) expansion_opportunity	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Business Acquisition [Line Items]
Goodwill		$ 318,483	$ 186,095	$ 188,169	$ 186,805
Cloverleaf
Business Acquisition [Line Items]
Goodwill	$ 107,643	125,940
Number of expansion opportunities \| expansion_opportunity	3
Deferred tax liability for intangibles	$ 1,900
Revenue since acquisition date		9,000
Net income since acquistion date		152,800
Customer Relationships \| Cloverleaf
Business Acquisition [Line Items]
Acquired identifiable intangibles	241,738	$ 250,346
Acquired identifiable intangibles, weighted average useful life		25 years
Trademarks and Trade Names \| Cloverleaf
Business Acquisition [Line Items]
Acquired identifiable intangibles	$ 1,623	$ 1,623
Acquired identifiable intangibles, weighted average useful life		1 year 6 months

Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions, $ in Millions			1 Months Ended		3 Months Ended						6 Months Ended	12 Months Ended			24 Months Ended
	Nov. 21, 2019 USD ($)	Feb. 01, 2019 USD ($)	May 31, 2019 USD ($) facility	Feb. 28, 2019 facility	Dec. 31, 2019 USD ($)	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($)	Dec. 31, 2019 USD ($) facility	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($) investment	Dec. 31, 2020 USD ($)	Dec. 31, 2019 AUD ($)	Dec. 31, 2019 NZD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Depreciation												$ 153,900,000	$ 116,000,000.0	$ 115,100,000
Total sale-leaseback financing obligations					$ 115,759,000			$ 118,920,000				115,759,000	118,920,000
Impairment of long-lived assets						$ 2,900,000						13,485,000	747,000	9,473,000
(Loss) gain from sale of real estate, net								(900,000)		$ 8,400,000		(34,000)	7,471,000	43,000
Operating facilities purchased													13,800,000
Impairment of inventory														2,100,000
Impairment of investments in partially owned entities												0	0	$ 6,496,000
Other asset impairment charges												0	0
Number of investment in partially owned entities impaired \| investment														2
Capitalized interest												3,300,000	3,200,000	$ 1,100,000
Capitalized amounts relating to compensation and travel expense of employees												500,000	600,000	200,000
Cash paid for acquisition of property, buildings and equipment												85,216,000	0	0
Bridge loan commitment fees												2,665,000	0	0
Cash and cash equivalents					234,303,000			208,078,000				234,303,000	208,078,000	48,873,000
Impairment of indefinite lived intangible asset												$ 0	0	0
Remaining lives of finite-lived intangible assets												23 years 10 months 24 days
Goodwill impairment												$ 0	0	0
Customer Relationships
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impairment of long-lived assets						900,000
Amortization of finite-lived intangible assets												$ 7,900,000	$ 800,000
Remaining lives of finite-lived intangible assets												24 years 2 months 12 days	9 years 1 month 6 days
Impairment of finite-lived intangible assets												$ 0	$ 0	0
Customer Relationships \| Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful lives of finite-lived intangible assets												6 years
Customer Relationships \| Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful lives of finite-lived intangible assets												25 years
Below-Market Leases
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impairment of finite-lived intangible assets												$ 0	0	0
Trade Name
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Indefinite lived intangible asset					15,076,000			15,076,000				15,076,000	15,076,000
Australian Subsidiary \| Intercompany Loan
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans receivable																$ 153.5
New Zealand Subsidiary \| Intercompany Loan
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans receivable																	$ 37.5
International
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents					34,100,000			37,300,000				34,100,000	37,300,000
Americold Realty Operating Partnership, L.P..
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impairment of long-lived assets												13,485,000	747,000	9,473,000
(Loss) gain from sale of real estate, net												(34,000)	7,471,000	43,000
Impairment of investments in partially owned entities												0	0	6,496,000
Cash paid for acquisition of property, buildings and equipment												85,216,000	0	0
Bridge loan commitment fees												2,665,000	0	0
Cash and cash equivalents					234,303,000			208,078,000				$ 234,303,000	208,078,000	48,873,000
Middleboro, MA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Costs to construct for facilities									$ 23,500,000
Rochelle, IL
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Costs to construct for facilities											$ 89,700,000
Atlanta, GA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Costs to construct for facilities											30,600,000
Chesapeake, VA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Costs to construct for facilities					24,300,000
Number of facilities where costs are incurred \| facility												2
North Little Rock, AR
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Costs to construct for facilities					18,900,000
Columbus, OH
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Costs to construct for facilities											$ 6,300,000
Savannah, GA \| Scenario, Forecast
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Costs to construct for facilities															$ 41,500,000
Sydney, AU
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating facilities purchased						45,500,000
Cloverleaf
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of operating facilities purchased \| facility			21
Operating facilities purchased			$ 891,300,000
Lanier Cold Storage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of operating facilities purchased \| facility			2
Operating facilities purchased			$ 60,000,000.0
PortFresh Holdings, LLC
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of operating facilities purchased \| facility				1
Operating facilities purchased		$ 35,000,000.0
Cash paid for acquisition of property, buildings and equipment		35,200,000
Payments to acquire intangible assets		400,000
Payments to acquire other assets and liabilities, net		$ 600,000
MHW Group Inc.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating facilities purchased	$ 49,400,000
Cash paid for acquisition of property, buildings and equipment	50,100,000
Payments to acquire intangible assets	500,000
Payments to acquire other assets and liabilities, net	100,000
Call option to purchase land	4,100,000
Operating and finance lease right-of-use assets	4,500,000
Lease liability acquired	$ 4,500,000
Buildings and improvements \| Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant, equipment, and leasehold improvements useful lives												5 years
Buildings and improvements \| Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant, equipment, and leasehold improvements useful lives												43 years
Machinery and equipment \| Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant, equipment, and leasehold improvements useful lives												3 years
Machinery and equipment \| Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant, equipment, and leasehold improvements useful lives												12 years
Costs incurred to develop software for internal use and purchased software
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Amortization of property, plant, equipment, and leasehold improvements												$ 6,400,000	5,200,000	5,000,000.0
Costs incurred to develop software for internal use and purchased software \| Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant, equipment, and leasehold improvements useful lives												3 years
Costs incurred to develop software for internal use and purchased software \| Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant, equipment, and leasehold improvements useful lives												10 years
Partially Used Warehouse
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impairment of long-lived assets							$ 9,600,000
Percentage of facility to be disposed							75.00%
Idle Warehouse
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impairment of long-lived assets							$ 2,900,000
Warehouses
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impairment of long-lived assets													700,000
(Loss) gain from sale of real estate, net						$ 8,400,000		(900,000)
Operating facilities purchased														9,500,000
General Partner \| Americold Realty Operating Partnership, L.P..
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Ownership of partnership												99.00%
Limited Partner \| Americold Realty Operating Partnership, L.P..
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Ownership of partnership												1.00%
Sale Leaseback Transaction Accounted for as a Financing Lease
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total sale-leaseback financing obligations					$ 76,800,000			$ 80,300,000				$ 76,800,000	$ 80,300,000	$ 90,500,000

Business Combination - Pro Forma Financial Information (Details) - Cloverleaf - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	May 01, 2019	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Total revenue		$ 1,859,265	$ 1,829,048
Net income available to common shareholders		$ 52,026	$ (3,232)
Net income per share, diluted (in dollars per share)		$ 0.27	$ (0.02)
Americold Realty Operating Partnership, L.P..
Business Acquisition [Line Items]
Total revenue		$ 1,859,265	$ 1,829,048
Net income available to common shareholders		$ 52,026	$ (3,232)
Net income per share, diluted (in dollars per share)		$ 0.27	$ (0.02)
Common Stock \| Americold Realty Operating Partnership, L.P..
Business Acquisition [Line Items]
Total revenue	$ 42,100
Acquisition-related Costs \| Americold Realty Operating Partnership, L.P..
Business Acquisition [Line Items]
Net income available to common shareholders		$ 26,600

Summary of Significant Accounting Policies - Activity in Real Estate Facilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating facilities, at cost:
Ending balance	$ 3,729,589
Accumulated depreciation:
Depreciation expense	(153,900)	$ (116,000)	$ (115,100)
Ending balance	(1,246,250)
Total property, buildings and equipment and finance leases, net	2,991,002	1,839,701
Total real estate facilities
Operating facilities, at cost:
Beginning balance	2,575,367	2,506,656
Capital expenditures	177,268	50,680
Acquisitions	975,045	0
Newly developed warehouse facilities	21,316	62,353
Disposition	(7,409)	(30,199)
Impairment	(12,555)	(747)
Conversion of leased assets to owned	0	8,405
Impact of foreign exchange rate changes	557	(21,781)
Ending balance	3,729,589	2,575,367	2,506,656
Accumulated depreciation:
Beginning balance	(827,892)	(770,006)
Depreciation expense	(114,512)	(87,355)
Capital expenditures	6,679	24,672
Impact of foreign exchange rate changes	(697)	4,797
Ending balance	(936,422)	(827,892)	$ (770,006)
Total property, buildings and equipment and finance leases, net	2,793,167	1,747,475
Non-real estate assets
Accumulated depreciation:
Ending balance	(493,539)
Total property, buildings and equipment and finance leases, net	$ 197,835	$ 92,226

Business Combination - Acquisition of Lanier, Narrative (Details) - USD ($) $ in Thousands	May 01, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill		$ 318,483	$ 186,095	$ 188,169	$ 186,805
Lanier Cold Storage
Business Acquisition [Line Items]
Aggregate cash consideration	$ 81,900
Property, plant and equipment	60,000
Goodwill	6,400
Lanier Cold Storage \| Customer relationships
Business Acquisition [Line Items]
Acquired identifiable intangibles	$ 16,300
Acquired identifiable intangibles, weighted average useful life	25 years

Summary of Significant Accounting Policies - Restricted Cash Balances (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Cash and Cash Equivalents [Line Items]
Total restricted cash	$ 6,310	$ 6,019
2013 mortgage notes’ escrow accounts \| 2013 Mortgage Loans \| Mortgage Loans
Cash and Cash Equivalents [Line Items]
Total restricted cash	877	974
2013 mortgage notes’ cash managed accounts \| 2013 Mortgage Loans \| Mortgage Loans
Cash and Cash Equivalents [Line Items]
Total restricted cash	2,343	2,410
Cash on deposit for workers’ compensation program in Australia
Cash and Cash Equivalents [Line Items]
Total restricted cash	2,525	2,635
New market tax credit reserve accounts
Cash and Cash Equivalents [Line Items]
Total restricted cash	$ 565	$ 0

Summary of Significant Accounting Policies - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	$ 5,706	$ 5,309	$ 4,072
Charged to expense/against revenue	3,608	1,969	2,510
Amounts written off, net of recoveries	(2,387)	(1,572)	(1,273)
Balance at end of year	$ 6,927	$ 5,706	$ 5,309

Equity-Method Investments - Additional Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2010 USD ($) investment shares	Mar. 31, 2019 USD ($)
Schedule of Equity Method Investments [Line Items]
Impairment of investments in joint venture		$ 0	$ 0	$ 6,496
Proceeds from sale of investments in partially owned entities		14,250	0	0
Equity method investment, realized gain (loss) on disposal		4,297	0	0
Equity method investment		$ 0	$ 14,541
China JV
Schedule of Equity Method Investments [Line Items]
Cash investments in joint venture					$ 1,300	$ 46,200
Number of newly formed investments \| investment						2
Equity interest						49.00%
Equity interest by CMHI						51.00%
Impairment of investments in joint venture				$ 6,500
Proceeds from sale of investments in partially owned entities	$ 15,000
Equity method investment, realized gain (loss) on disposal	4,300
China JV \| Reclassification out of Accumulated Other Comprehensive Income \| Foreign currency translation adjustment
Schedule of Equity Method Investments [Line Items]
Equity method investment, realized gain (loss) on disposal	$ 2,600
Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity method investment							$ 2,000
Series B Preferred Shares \| CMHI
Schedule of Equity Method Investments [Line Items]
Number of shares sold (in shares) \| shares						50,000

Equity-Method Investments - Schedule of Condensed Results of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Company’s (loss) income from partially owned entities	$ (111)	$ (1,069)	$ (1,363)
Total
Schedule of Equity Method Investments [Line Items]
Revenues	39,241	51,079	50,956
Operating (loss) income	1,572	684	(1,738)
Net (loss) income	511	(309)	(2,775)
Company’s (loss) income from partially owned entities	(111)	(1,069)	(1,363)
CMAL
Schedule of Equity Method Investments [Line Items]
Revenues	28,334	37,458	38,662
Operating (loss) income	(348)	(1,748)	(2,052)
Net (loss) income	(507)	(1,960)	(2,479)
Company’s (loss) income from partially owned entities	(429)	(1,419)	(1,143)
CMAH
Schedule of Equity Method Investments [Line Items]
Revenues	10,907	13,621	12,294
Operating (loss) income	1,920	2,432	314
Net (loss) income	1,018	1,651	(296)
Company’s (loss) income from partially owned entities	$ 318	$ 350	$ (220)

Goodwill and Intangible Assets - Changes in Carrying Value of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Roll Forward]
Beginning balance	$ 186,095	$ 188,169	$ 186,805
Goodwill acquired	132,371
Impact of foreign currency translation	17	(2,074)	1,364
Ending balance	318,483	186,095	188,169
Warehouse
Goodwill [Roll Forward]
Beginning balance	170,896	172,554	171,582
Goodwill acquired	130,919
Impact of foreign currency translation	9	(1,658)	972
Ending balance	301,824	170,896	172,554
Third-party managed
Goodwill [Roll Forward]
Beginning balance	2,890	3,064	3,056
Goodwill acquired	0
Impact of foreign currency translation	(8)	(174)	8
Ending balance	2,882	2,890	3,064
Transportation
Goodwill [Roll Forward]
Beginning balance	12,309	12,551	12,167
Goodwill acquired	1,452
Impact of foreign currency translation	16	(242)	384
Ending balance	$ 13,777	$ 12,309	$ 12,551

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross	$ 46,835		$ 46,835
Additions	269,164	$ 0
Accumulated amortization	(46,317)	(36,855)
Net definite lived intangible assets	269,682	9,980
Identifiable intangible assets – net	$ 284,758	25,056
Remaining useful life	23 years 10 months 24 days
Customer relationships
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross	$ 33,788		33,788
Additions	266,633	0
Accumulated amortization	(38,036)	(30,169)
Net definite lived intangible assets	$ 262,385	$ 3,619
Remaining useful life	24 years 2 months 12 days	9 years 1 month 6 days
Above-market leases
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross			143
Additions	$ 0
Accumulated amortization	(60)	$ (38)
Net definite lived intangible assets	$ 83	$ 105
Remaining useful life	3 years 9 months 18 days	4 years 9 months 18 days
In-place lease
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross			3,778
Additions	$ 0
Accumulated amortization	(1,578)	$ (1,004)
Net definite lived intangible assets	$ 2,200	$ 2,774
Remaining useful life	3 years 9 months 18 days	4 years 9 months 18 days
Below-market leases
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross			9,126
Additions	$ 0
Accumulated amortization	(5,794)	$ (5,644)
Net definite lived intangible assets	$ 3,332	$ 3,482
Remaining useful life	32 years 7 months 6 days	33 years 2 months 12 days
Assembled Workforce
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross	$ 0		0
Additions	908	$ 0
Accumulated amortization	(128)	0
Net definite lived intangible assets	$ 780	0
Remaining useful life	2 years 8 months 12 days
Trade names and trademarks
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross	$ 0		$ 0
Additions	1,623	0
Accumulated amortization	(721)	0
Net definite lived intangible assets	$ 902	0
Remaining useful life	9 months 18 days
Trade Name
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Indefinite lived intangible asset (Trade name)	$ 15,076	$ 15,076

Goodwill and Intangible Assets - Estimated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Total	$ 269,682	$ 9,980
Estimated Amortization of Customer Relationships, In-Place Lease, Assembled Workforce, Trade names and Trademarks Intangible Assets
Finite-Lived Intangible Assets [Line Items]
2020	13,110
2021	12,119
2022	11,902
2023	11,543
2024	10,976
Thereafter	206,617
Total	266,267
Estimated Net Decrease to Lease Revenue Related to Amortization of Above-Market Leases
Finite-Lived Intangible Assets [Line Items]
2020	22
2021	22
2022	22
2023	17
2024	0
Thereafter	0
Total	83	105
Estimated Net Increase to Lease Expense Related to Amortization of Below-Market Leases
Finite-Lived Intangible Assets [Line Items]
2020	151
2021	151
2022	151
2023	106
2024	102
Thereafter	2,671
Total	$ 3,332	$ 3,482

Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Various insurance and workers’ compensation receivables	$ 12,143	$ 9,595
Prepaid accounts	11,345	12,532
Inventory and supplies	9,371	7,875
Fair value of derivatives	6,886	2,283
Marketable securities - (Deferred compensation plan)	4,895	3,072
Other receivables	7,528	8,770
Utility, workers’ compensation escrow and lease deposits	4,222	1,726
Deferred financing costs	2,767	5,437
Income taxes receivable	885	6,978
Deferred registration statement costs	912	0
Deferred tax assets	418	391
Other assets	$ 61,372	$ 58,659

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Trade payables	$ 109,222	$ 85,038
Accrued workers’ compensation liabilities	30,642	30,585
Accrued payroll	17,104	12,238
Accrued bonus	20,729	17,335
Accrued vacation and long service leave	16,403	14,988
Accrued health benefits	13,020	10,987
Accrued property taxes	20,370	14,376
Accrued utilities	7,854	6,274
New market tax credit deferred contribution liability	4,882	0
Income taxes payable	997	290
Dividends payable	39,753	28,540
Accrued interest	24,872	4,843
Other accrued expenses	45,115	27,586
Accounts payable and accrued expenses	$ 350,963	$ 253,080

Acquisitions, Litigation, and Other Charges Acquisitions, Litigation, and Other Charges - Components of Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Acquisition, Litigation and Other Special Charges [Abstract]
Acquisition related costs	$ 24,284	$ 671	$ 0
Litigation	4,553	0	0
Strategic alternative costs	0	0	8,136
Other:
Severance, equity award modifications and acceleration	9,789	2,053	516
Non-offering related equity issuance expenses	1,356	1,813	0
Terminated site operations costs	632	(1,804)	2,677
Non-recurring public company implementation costs	0	1,202	0
Total other	11,777	3,264	3,193
Total acquisition, litigation and other	$ 40,614	$ 3,935	$ 11,329

Acquisitions, Litigation, and Other Charges Acquisitions, Litigation, and Other Charges Acquisitions, Litigation, and Other Charges - Narrative (Details) $ in Thousands	12 Months Ended			24 Months Ended
	Dec. 31, 2019 USD ($) employee	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2018 USD ($)
Loss Contingencies [Line Items]
Investment advisory fee	$ 10,000
Organizational transformation costs	3,000
Stock-based compensation charges due to accelerated vesting	3,100
Terminated site operations costs	632	$ (1,804)	$ 2,677
Cloverleaf
Loss Contingencies [Line Items]
Severance	2,400
Former Executives
Loss Contingencies [Line Items]
Severance	$ 1,200
Number of executives departed \| employee	2
Previously Exited Leased Facility
Loss Contingencies [Line Items]
Terminated site operations costs			$ 2,100	$ 300

Debt of the Operating Partnership - Schedule of Outstanding Borrowings (Details) - Americold Realty Operating Partnership, L.P.. - USD ($) $ in Thousands			12 Months Ended
	Sep. 24, 2019	Sep. 23, 2019	Dec. 31, 2019	Apr. 26, 2019	Dec. 31, 2018	Dec. 04, 2018	Nov. 06, 2018
Debt Instrument [Line Items]
Carrying Amount			$ 1,708,443
Total indebtedness, net of unamortized deferred financing costs			1,695,447
Mortgage Notes and Term Loans \| 2018 Senior Unsecured Term Loan A Facility
Debt Instrument [Line Items]
Carrying Amount			1,708,443		$ 1,364,957
Estimated Fair Value			1,783,463		1,365,812
Less deferred financing costs			(12,996)		(13,943)
Total indebtedness, net of unamortized deferred financing costs			1,695,447		1,351,014
Mortgage Loans \| 2013 Mortgage Loans
Debt Instrument [Line Items]
Carrying Amount			283,443		289,957
Estimated Fair Value			$ 287,463		283,687
Mortgage Loans \| Senior note
Debt Instrument [Line Items]
Contractual Interest Rate			3.81%
Effective Interest Rate as of December 31, 2019			4.14%
Carrying Amount			$ 181,443		187,957
Estimated Fair Value			$ 184,618		184,667
Mortgage Loans \| Mezzanine A
Debt Instrument [Line Items]
Contractual Interest Rate			7.38%
Effective Interest Rate as of December 31, 2019			7.55%
Carrying Amount			$ 70,000		70,000
Estimated Fair Value			$ 70,525		67,900
Mortgage Loans \| Mezzanine B
Debt Instrument [Line Items]
Contractual Interest Rate			11.50%
Effective Interest Rate as of December 31, 2019			11.75%
Carrying Amount			$ 32,000		32,000
Estimated Fair Value			32,320		31,120
Senior Notes
Debt Instrument [Line Items]
Carrying Amount			950,000		600,000
Estimated Fair Value			$ 1,023,375		609,500
Senior Notes \| Series A notes
Debt Instrument [Line Items]
Contractual Interest Rate			4.68%				4.68%
Effective Interest Rate as of December 31, 2019			4.77%
Carrying Amount			$ 200,000		200,000
Estimated Fair Value			$ 217,750		202,500
Senior Notes \| Series B notes
Debt Instrument [Line Items]
Contractual Interest Rate			4.86%				4.86%
Effective Interest Rate as of December 31, 2019			4.92%
Carrying Amount			$ 400,000		400,000
Estimated Fair Value			$ 439,000		407,000
Senior Notes \| Series C notes
Debt Instrument [Line Items]
Contractual Interest Rate			4.10%	4.10%
Effective Interest Rate as of December 31, 2019			4.15%
Carrying Amount			$ 350,000		0
Estimated Fair Value			$ 366,625		0
Term Loans \| 2018 Senior Unsecured Term Loan A Facility
Debt Instrument [Line Items]
Effective Interest Rate as of December 31, 2019			3.14%
Carrying Amount			$ 475,000		475,000
Estimated Fair Value			$ 472,625		472,625
Term Loans \| 2018 Senior Unsecured Term Loan A Facility \| LIBOR
Debt Instrument [Line Items]
Applicable interest rate			1.00%
Revolving Credit Facility \| Term Loans \| 2018 Senior Unsecured Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Applicable interest rate	1.00%	1.45%
Revolving Credit Facility \| Line of Credit \| 2018 Senior Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Effective Interest Rate as of December 31, 2019			0.36%
Carrying Amount			$ 0		0
Estimated Fair Value			0		$ 0
Less deferred financing costs			$ (2,800)			$ (8,900)
Revolving Credit Facility \| Line of Credit \| 2018 Senior Unsecured Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Applicable interest rate	0.90%	1.45%	0.90%

Debt of the Operating Partnership - Additional Information (Details)							3 Months Ended	12 Months Ended
	Sep. 24, 2019	Sep. 23, 2019	Dec. 04, 2018 USD ($)	Dec. 03, 2018 USD ($)	Nov. 06, 2018 USD ($)	May 01, 2013 USD ($) warehouse instrument	Dec. 31, 2018 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Apr. 26, 2019 USD ($)
Debt Instrument [Line Items]
Loss on debt extinguishment								$ 0	$ 47,559,000	$ 986,000
Americold Realty Operating Partnership, L.P..
Debt Instrument [Line Items]
Loss on debt extinguishment								$ 0	47,559,000	$ 986,000
Americold Realty Operating Partnership, L.P.. \| Line of Credit \| 2018 Senior Unsecured Credit Facilities
Debt Instrument [Line Items]
Maximum leverage ratio								60.00%
Minimum base coverage ratio								1.00
Minimum fixed charge coverage ratio								1.50
Minimum borrowing base debt service coverage ratio								2.00
Minimum tangible net worth requirement								$ 1,100,000,000
Minimum tangible net worth requirement, additional percentage of net equity proceeds								70.00%
Maximum recourse secured debt ratio								0.15
Maximum secured debt ratio								0.40
Americold Realty Operating Partnership, L.P.. \| Line of Credit \| Revolving Credit Facility \| 2018 Senior Unsecured Credit Facilities
Debt Instrument [Line Items]
Revolver borrowing capacity			$ 800,000,000	$ 450,000,000
Revolver borrowing capacity, foreign currencies			400,000,000
Unamortized debt issuance cost			$ 8,900,000					$ 2,800,000
Americold Realty Operating Partnership, L.P.. \| Line of Credit \| Revolving Credit Facility \| LIBOR \| 2018 Senior Unsecured Credit Facilities
Debt Instrument [Line Items]
Applicable interest rate	0.90%	1.45%						0.90%
Americold Realty Operating Partnership, L.P.. \| Line of Credit and Medium-Term Notes \| 2018 Senior Unsecured Credit Facilities
Debt Instrument [Line Items]
Fee on unused borrowing capacity	0.20%
Americold Realty Operating Partnership, L.P.. \| Line of Credit and Medium-Term Notes \| LIBOR \| 2018 Senior Unsecured Credit Facilities
Debt Instrument [Line Items]
Applicable interest rate			1.45%	2.35%
Americold Realty Operating Partnership, L.P.. \| Term Loans \| 2010 CMBS Financing
Debt Instrument [Line Items]
Loss on debt extinguishment									$ 21,400,000
Americold Realty Operating Partnership, L.P.. \| Term Loans \| ANZ Loans
Debt Instrument [Line Items]
Defeasance fee							$ 1,800,000
Write-off of unamortized deferred financing costs							2,200,000
Americold Realty Operating Partnership, L.P.. \| Term Loans \| Revolving Credit Facility \| LIBOR \| 2018 Senior Unsecured Credit Facilities
Debt Instrument [Line Items]
Applicable interest rate	1.00%	1.45%
Americold Realty Operating Partnership, L.P.. \| Senior Notes \| Senior Unsecured Notes
Debt Instrument [Line Items]
Maximum leverage ratio								60.00%
Minimum fixed charge coverage ratio								1.50
Minimum principal for repayment of debt					5.00%
Notice period for repayment of debt					10 days
Principal repayment if change in control occurs					100.00%
Maximum unsecured indebtedness to qualified assets ratio								0.60
Minimum unsecured debt service ratio								2.00
Maximum total secured indebtedness ratio								0.40
Americold Realty Operating Partnership, L.P.. \| Senior Notes \| Series A notes
Debt Instrument [Line Items]
Face amount of debt					$ 200,000,000
Fixed interest rate					4.68%			4.68%
Americold Realty Operating Partnership, L.P.. \| Senior Notes \| Series B notes
Debt Instrument [Line Items]
Face amount of debt					$ 400,000,000
Fixed interest rate					4.86%			4.86%
Americold Realty Operating Partnership, L.P.. \| Senior Notes \| Series C notes
Debt Instrument [Line Items]
Face amount of debt											$ 350,000,000
Fixed interest rate								4.10%			4.10%
Americold Realty Operating Partnership, L.P.. \| Senior Notes \| Discount Rate \| Senior Unsecured Notes
Debt Instrument [Line Items]
Discount rate					0.0050
Americold Realty Operating Partnership, L.P.. \| Mortgage Loans \| 2010 CMBS Financing
Debt Instrument [Line Items]
Indebtedness repaid					$ 600,000,000
Americold Realty Operating Partnership, L.P.. \| Mortgage Loans \| 2013 Mortgage Loans
Debt Instrument [Line Items]
Minimum borrowing base debt service coverage ratio						1.10
Face amount of debt						$ 322,000,000.0
Number of properties \| warehouse						15
Restricted cash associated with debt								$ 3,200,000
Debt service coverage ratio								1.76
Americold Realty Operating Partnership, L.P.. \| Mortgage Loans \| Minimum \| 2013 Mortgage Loans
Debt Instrument [Line Items]
Fixed interest rate						3.81%
Americold Realty Operating Partnership, L.P.. \| Mortgage Loans \| Maximum \| 2013 Mortgage Loans
Debt Instrument [Line Items]
Fixed interest rate						11.50%
Americold Realty Operating Partnership, L.P.. \| Mezzanine Notes \| 2013 Mortgage Loans
Debt Instrument [Line Items]
Number of notes \| instrument						2
Number of warehouses acquired \| warehouse						2
Americold Realty Operating Partnership, L.P.. \| Mortgage Loans \| 2010 Mortgage Loans
Debt Instrument [Line Items]
Defeasance fee							18,500,000
Write-off of unamortized deferred financing costs							$ 3,400,000

Debt of the Operating Partnership - Schedule of Aggregate Maturities of Total Indebtedness (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Less unamortized discount and deferred financing costs	$ (12,996)	$ (13,943)
Americold Realty Operating Partnership, L.P..
Debt Instrument [Line Items]
2020	6,750
2021	7,035
2022	7,312
2023	737,346
2024	0
Thereafter	950,000
Aggregate principal amount of debt	1,708,443
Less unamortized discount and deferred financing costs	(12,996)	(13,943)
Total indebtedness, net of unamortized deferred financing costs	1,695,447
2018 Senior Unsecured Term Loan A Facility \| Mortgage Notes and Term Loans \| Americold Realty Operating Partnership, L.P..
Debt Instrument [Line Items]
Aggregate principal amount of debt	1,708,443	1,364,957
Total indebtedness, net of unamortized deferred financing costs	$ 1,695,447	$ 1,351,014

Derivative Financial Instruments - Narrative (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($) instrument	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2019 AUD ($) instrument	Dec. 31, 2019 CAD ($) instrument	Dec. 31, 2019 NZD ($) instrument
Derivative [Line Items]
Interest expense	$ 94,408,000	$ 93,312,000	$ 114,898,000
Foreign currency exchange gain (loss), net	10,000	2,882,000	(3,591,000)
Derivative liability	3,600,000
Termination value	$ 3,600,000
Interest Rate Swap
Derivative [Line Items]
Derivative agreement term	5 years
Gain (loss) to be reclassified in next twelve months	$ (200,000)
Foreign Exchange Forward
Derivative [Line Items]
Gain (loss) to be reclassified in next twelve months	100,000
Foreign Exchange Forward \| Intercompany Loan \| Australian Intercompany Loan
Derivative [Line Items]
Amount of hedged loan				$ 153.5
Foreign Exchange Forward \| Intercompany Loan \| New Zealand Intercompany Loan
Derivative [Line Items]
Amount of hedged loan						$ 37.5
January 2019 Agreement \| Interest Rate Swap
Derivative [Line Items]
Notational amount	$ 100,000,000
Notational amount, percentage	21.00%			21.00%	21.00%	21.00%
August 2019 Agreement \| Interest Rate Swap
Derivative [Line Items]
Notational amount	$ 225,000,000
Notational amount, percentage	47.00%			47.00%	47.00%	47.00%
Americold Realty Operating Partnership, L.P..
Derivative [Line Items]
Interest expense	$ 94,408,000	93,312,000	114,898,000
Foreign currency exchange gain (loss), net	$ 10,000	$ 2,882,000	$ (3,591,000)
Nova Cold Logistics \| Foreign Exchange Forward
Derivative [Line Items]
Number of derivative instruments \| instrument	2			2	2	2
Unrealized gain (loss)	$ (100,000)
Nova Cold Logistics \| December 2019 Agreement, Maturing January 2, 2020 \| Foreign Exchange Forward
Derivative [Line Items]
Notational amount					$ 217,000,000.0
Nova Cold Logistics \| December 2019 Agreement, Maturing January 31, 2020 \| Foreign Exchange Forward
Derivative [Line Items]
Notational amount					$ 217,000,000

Derivative Financial Instruments - Fair Value Amounts of Derivative Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Derivative Assets	$ 6,855	$ 2,283
Derivative Liabilities	6,094	0
Designated derivatives \| Foreign exchange contracts
Derivative [Line Items]
Derivative Assets	1,376	2,283
Derivative Liabilities	0	0
Designated derivatives \| Interest rate contracts
Derivative [Line Items]
Derivative Assets	2,933	0
Derivative Liabilities	3,505	0
Undesignated derivatives \| Foreign exchange forwards
Derivative [Line Items]
Derivative Assets	2,546	0
Derivative Liabilities	$ 2,589	$ 0

Derivative Financial Instruments - Amounts in the Condensed Consolidated Statement of Operations, Including Impacts to Accumulated Other Comprehensive Income (AOCI) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative	$ (1,450)	$ 861	$ 1,422
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	42	2,258	(1,547)
Interest rate contracts
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative	(571)	(1,422)	1,422
Interest rate contracts \| Interest expense
Derivative [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	248	(1,191)	(1,547)
Foreign exchange contracts \| Foreign currency exchange gain, net
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative	(879)	2,283	0
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(264)	3,449	0
Foreign exchange contracts \| Interest expense
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative	0	0	0
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	$ 58	$ 0	$ 0

Derivative Financial Instruments - Offsetting Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Offsetting of Derivative Assets
Gross Amounts of Recognized Assets	$ 6,855	$ 2,283
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Amounts of Assets Presented in the Consolidated Balance Sheet	6,855	2,283
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Financial Instruments	(3,966)	0
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Cash Collateral Received	0	0
Net Amount	2,889	2,283
Offsetting of Derivative Liabilities
Gross Amounts of Recognized Liabilities	(6,094)	0
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Amounts of Liabilities Presented in the Consolidated Balance Sheet	(6,094)	0
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Financial Instruments	3,966	0
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet, Cash Collateral Received	0	0
Net Amount	$ (2,128)	$ 0

Lease Accounting - Lessee Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Lessee, Lease, Description [Line Items]
Rent expense		$ 36.7	$ 42.3
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Extended lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	33 years
Extended lease term	10 years

Sale-Leasebacks of Real Estate (Details) $ in Thousands	12 Months Ended
Sale-Leasebacks of Real Estate (Details) $ in Thousands	Dec. 31, 2019 USD ($) warehouse	Dec. 31, 2018 USD ($)	Jul. 31, 2013 warehouse	Sep. 30, 2010 USD ($)	Sep. 30, 2007 warehouse
Sale Leaseback Transaction [Line Items]
Total sale-leaseback financing obligations	$ 115,759	$ 118,920
1 warehouse – 2010
Sale Leaseback Transaction [Line Items]
Number of warehouses \| warehouse	1
Interest Rate as of December 31, 2019	10.34%
Total sale-leaseback financing obligations	$ 18,994	19,265		$ 18,200
11 warehouses – 2007
Sale Leaseback Transaction [Line Items]
Number of warehouses \| warehouse	11		11		11
Total sale-leaseback financing obligations	$ 96,765	$ 99,655
11 warehouses – 2007 \| Minimum
Sale Leaseback Transaction [Line Items]
Interest Rate as of December 31, 2019	7.00%
11 warehouses – 2007 \| Maximum
Sale Leaseback Transaction [Line Items]
Interest Rate as of December 31, 2019	19.59%

Lease Accounting - Lessee, Lease Expenses (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($) warehouse
Leases [Abstract]
Operating lease cost	$ 29,205
Financing lease cost:
Depreciation	11,252
Interest on lease liabilities	2,941
Sublease income	(499)
Net lease expense	$ 42,899
Number of properties subleased \| warehouse	2

Sale-Leasebacks of Real Estate - Narrative (Details) $ in Thousands	1 Months Ended
	Jul. 31, 2013 warehouse	Sep. 30, 2010 USD ($)	Sep. 30, 2007 USD ($) warehouse extension	Dec. 31, 2019 USD ($) warehouse	Dec. 31, 2018 USD ($)
Sale Leaseback Transaction [Line Items]
Total sale-leaseback financing obligations				$ 115,759	$ 118,920
1 warehouse – 2010
Sale Leaseback Transaction [Line Items]
Purchase option transferred		$ 18,300
Lease agreement term		20 years
Consideration to be used toward improvements		$ 1,000
Percentage of useful life where control maintained		90.00%
Purchase price option percentage		95.00%
Total sale-leaseback financing obligations		$ 18,200		$ 18,994	19,265
Receivable for improvements		1,000
Sale-leaseback financing obligations		$ 19,200
Number of warehouses \| warehouse				1
11 warehouses – 2007
Sale Leaseback Transaction [Line Items]
Percentage of useful life where control maintained			90.00%
Total sale-leaseback financing obligations				$ 96,765	$ 99,655
Gross proceeds from sale-leaseback transaction			$ 170,700
Annual rent increase under sale-leaseback transaction	0.50%		1.75%
Number of extensions under sale-leaseback transaction \| extension			4
Extension period under sale-leaseback transaction			5 years
Number of units where agreement was amended \| warehouse	6
Number of warehouses \| warehouse	11		11	11
Minimum \| 11 warehouses – 2007
Sale Leaseback Transaction [Line Items]
Lease agreement term			10 years
Maximum \| 11 warehouses – 2007
Sale Leaseback Transaction [Line Items]
Lease agreement term			20 years

Lease Accounting - Lessee, Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ (24,992)
Operating cash flows from finance leases	(2,941)
Operating cash flows from finance leases	(13,339)
Right-of-use assets obtained in exchange for lease obligations
Operating leases	12,492	$ 0	$ 0
Finance leases	$ 30,416	$ 13,290	$ 18,614
Weighted-average remaining lease term (years)
Operating leases	6 years 1 month 6 days
Finance leases	4 years 4 months 24 days
Weighted-average discount rate
Operating leases	4.10%
Finance leases	5.50%

Sale-Leasebacks of Real Estate - Future Minimum Lease Payments (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
2020	$ 18,534
2021	17,217
2022	11,987
2023	8,538
2024	4,827
Thereafter	5,386
Total future minimum lease payments	66,489
Interest portion	(8,249)
Total future minimum lease payments less interest	58,240
Warehouses Under Sale Leaseback Transactions
Lessee, Lease, Description [Line Items]
2020	17,087
2021	17,351
2022	17,619
2023	17,892
2024	18,170
Thereafter	115,090
Total future minimum lease payments	203,209
Interest portion	(87,450)
Total future minimum lease payments less interest	$ 115,759

Lease Accounting - Lessee, Minimum Lease Payments (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Operating Lease Payments
2020	$ 23,399
2021	12,306
2022	9,622
2023	8,039
2024	4,596
Thereafter	14,296
Total future minimum lease payments	72,258
Less: Interest	(9,737)
Total future minimum lease payments less interest	62,521
Finance Lease Payments
2020	18,534
2021	17,217
2022	11,987
2023	8,538
2024	4,827
Thereafter	5,386
Total future minimum lease payments	66,489
Less: Interest	(8,249)
Total future minimum lease payments less interest	58,240
Total Lease Payments
2020	41,933
2021	29,523
2022	21,609
2023	16,577
2024	9,423
Thereafter	19,682
Total future minimum lease payments	138,747
Less: Interest	(17,986)
Total future minimum lease payments less interest	120,761
Accounts payable and accrued expenses
Operating Lease Payments
Total future minimum lease payments less interest	179
Finance Lease Payments
Total future minimum lease payments less interest	70
Total Lease Payments
Total future minimum lease payments less interest	249
Operating lease obligations
Operating Lease Payments
Total future minimum lease payments less interest	62,342
Finance Lease Payments
Total future minimum lease payments less interest	0
Total Lease Payments
Total future minimum lease payments less interest	62,342
Finance lease obligations
Operating Lease Payments
Total future minimum lease payments less interest	0
Finance Lease Payments
Total future minimum lease payments less interest	58,170
Total Lease Payments
Total future minimum lease payments less interest	$ 58,170

Lease Accounting - Lessor, Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Lessee, Lease, Description [Line Items]
Depreciation		$ 153.9	$ 116.0	$ 115.1
Minimum
Lessee, Lease, Description [Line Items]
Remaining term	1 year	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining term	9 years	9 years
Equipment Leased to Other Party
Lessee, Lease, Description [Line Items]
Land and buildings and improvements, gross value	$ 786.4	$ 786.4
Land and buildings and improvements, net value	600.1	$ 600.1
Depreciation	$ 23.1

Lease Accounting - Future Minimum Payments to be Received (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Leases [Abstract]
2020	$ 16,736
2021	13,223
2022	11,244
2023	9,782
2024	7,274
Thereafter	18,920
Total	$ 77,179

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Measured at fair value on a recurring basis:
Restricted cash	$ 6,310	$ 6,019	$ 21,090
Derivative Assets	6,855	2,283
Derivative Liabilities	6,094	0
Measured at fair value on a recurring basis \| Significant Observable Inputs (Level 2) \| Interest rate contracts
Measured at fair value on a recurring basis:
Derivative Assets	2,936	0
Derivative Liabilities	3,507	0
Measured at fair value on a recurring basis \| Significant Observable Inputs (Level 2) \| Cross-currency swap
Measured at fair value on a recurring basis:
Derivative Assets	1,404	2,283
Measured at fair value on a recurring basis \| Significant Observable Inputs (Level 2) \| Foreign exchange forwards
Measured at fair value on a recurring basis:
Derivative Assets	2,546	0
Derivative Liabilities	2,589	0
Disclose at fair value \| Significant Unobservable Inputs (Level 3)
Disclosed at fair value:
Mortgage notes, senior unsecured notes and term loan(1)	1,783,463	1,365,812
Pension \| Measured at fair value on a recurring basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Measured at fair value on a recurring basis:
Restricted cash	35,317	30,281
Pension \| Measured at fair value on a recurring basis \| Significant Observable Inputs (Level 2)
Measured at fair value on a recurring basis:
Derivative Liabilities	$ 33,991	$ 29,456

Dividends and Distributions - Summary of Dividends Declared and Distributions Paid (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended														2 Months Ended								10 Months Ended	12 Months Ended			13 Months Ended	14 Months Ended
	Oct. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Jan. 31, 2018	Dec. 31, 2017	Oct. 31, 2017	Sep. 30, 2017	Jul. 31, 2017	Jun. 30, 2017	Apr. 30, 2017	Mar. 31, 2017	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Oct. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jan. 31, 2019	Jan. 31, 2020
Dividends Payable [Line Items]
Dividend Per Share (in usd per share)																								$ 0.82	$ 0.74	$ 0.29
Participating Dividend
Dividends Payable [Line Items]
Dividend Per Share (in usd per share)							$ 0.0186	$ 0.0730		$ 0.0730		$ 0.0730		$ 0.0730		$ 0.2000	$ 0.2000	$ 0.2000	$ 0.1875	$ 0.1875	$ 0.1875	$ 0.1396
Common Shares
Distributions Declared							$ 1,291						$ 5,053			$ 38,795	$ 38,764	$ 30,235	$ 28,218	$ 28,072	$ 27,250	$ 20,145					$ 104,976
Distributions Paid							1,291				$ 5,054					38,795	38,764	30,235	28,218	28,072	27,250	20,145
Distributions Paid
Distributions Declared							619	$ 5,054	$ 5,053										0	0	0	0				$ 20,214
Series B Preferred Shares - Fixed Dividend
Distributions Paid
Distributions Declared																											1,817
Restricted Stock Units, Expected to Vest \| Participating Dividend
Common Shares
Distributions Paid	$ 170	$ 172	$ 142	$ 127	$ 118	$ 79																	$ 114
Restricted Stock Units, Not Expected to Vest \| Participating Dividend
Common Shares
Distributions Paid																$ 7	$ 13	$ 15	$ 7	28	28	20					76,523
Subsequent Event \| Participating Dividend
Dividends Payable [Line Items]
Dividend Per Share (in usd per share)															$ 0.2000
Common Shares
Distributions Declared															$ 38,796													$ 146,590
Distributions Paid															$ 0													$ 135,443
Series A Preferred Shares \| Series B Preferred Shares - Fixed Dividend
Distributions Paid
Distributions Paid																									$ 1	16
Series B Preferred Shares
Distributions Paid
Distributions Paid																										28,436
Series B Preferred Shares \| Participating Dividend
Distributions Paid
Distributions Paid							619	$ 2,422	$ 2,421		$ 2,422		$ 2,421								0					9,686
Series B Preferred Shares \| Series B Preferred Shares - Fixed Dividend
Distributions Paid
Distributions Declared							1,198
Distributions Paid							$ 1,198																			$ 18,750	$ 1,817
Series B Preferred Shares \| Restricted Stock Units, Expected to Vest \| Participating Dividend
Distributions Paid
Distributions Paid					$ 0	$ 0																	$ 0
Series B Preferred Shares \| Restricted Stock Units, Not Expected to Vest \| Participating Dividend
Distributions Paid
Distributions Paid																				$ 0	$ 0	$ 0

Dividends and Distributions - Distribution Type (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Common Shares
Ordinary income	83.00%	66.00%	85.00%
Capital gains	0.00%	0.00%	0.00%
Return of capital	17.00%	34.00%	15.00%
Total	100.00%	100.00%	100.00%
Preferred Shares
Ordinary income		100.00%	100.00%
Capital gains		0.00%	0.00%
Return of capital		0.00%	0.00%
Total		100.00%	100.00%

Partner's Capital (Details) - Americold Realty Operating Partnership, L.P.. - USD ($) $ in Thousands	1 Months Ended		2 Months Ended											12 Months Ended	13 Months Ended	14 Months Ended
	Jan. 31, 2018	Dec. 31, 2017	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Oct. 31, 2017	Jul. 31, 2017	Apr. 30, 2017	Dec. 31, 2017	Jan. 31, 2019	Jan. 31, 2020
Incentive Distribution Made to Managing Member or General Partner [Line Items]
Distributions Declared	$ 3,242			$ 38,795	$ 38,764	$ 30,235	$ 28,218	$ 28,072	$ 27,250	$ 20,145					$ 106,927
Distributions Paid	$ 3,242	$ 12,172		$ 38,632	$ 38,605	$ 30,108	$ 28,098	$ 27,986	$ 27,160	$ 20,086	$ 12,162	$ 12,171	$ 12,161	$ 48,666	$ 78,474
Subsequent Event
Incentive Distribution Made to Managing Member or General Partner [Line Items]
Distributions Declared			$ 38,796													$ 146,590
Distributions Paid			$ 0													$ 135,443

Warrants (Details)	Jan. 23, 2018 $ / shares shares
Equity [Abstract]
Number of common shares to be purchased by warrants (in shares)	18,574,619
Exercise price of warrants (in USD per share) \| $ / shares	$ 9.81
Shares issued for warrant exercise (in shares)	6,426,818

Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended	12 Months Ended				24 Months Ended
	Jan. 04, 2018	Apr. 10, 2017	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2008
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation charges				$ 15,900		$ 10,700	$ 2,400
Stock-based compensation charges due to accelerated vesting				3,100
Share-based compensation from modification of awards and accelerated vesting of awards	$ 2,000		$ 2,900	3,044		2,042	0
Unrecognized stock-based compensation expense				$ 24,700				$ 24,700
Unrecognized stock-based compensation expense, period for recognition				1 year 10 months 24 days
Accelerated vesting (in shares)			100,000
Accelerated share-based compensation expense upon termination of former executives			$ 200
Fair value at grant date of stock option awards that vested				$ 900		1,500	1,600
Intrinsic value of options exercised				27,800		38,800
Selling, General and Administrative Expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation charges				$ 12,800		$ 8,700	$ 2,400
Time-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)				280,083
Intrinsic value of awards outstanding				$ 46,600				$ 46,600
Market-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)				243,168
Vesting period				3 years		3 years
Granted, grant date fair value (in USD per share)		$ 13.43
TSR, minimum					8.00%	8.00%
TSR, target					10.00%	10.00%
TSR, maximum					12.00%	12.00%
Market performance percentage, minimum				50.00%	50.00%	50.00%		50.00%
Market performance percentage, target				100.00%	100.00%	100.00%		100.00%
Market performance percentage, maximum				200.00%	150.00%	150.00%		200.00%
Intrinsic value of awards outstanding				$ 27,300				$ 27,300
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, grant date fair value (in USD per share)				$ 33.29		$ 17.21	$ 13.13
Vested, grant date fair value (in USD per share)				17.34
Forfeited, grant date fair value (in USD per share)				16.75
Outstanding, grant date fair value (in USD per share)				$ 22.50	$ 17.06	$ 17.06		$ 22.50
OP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)				20,190
Vesting period				1 year
Aggregate grant date fair value of awards				$ 700				$ 700
Intrinsic value of awards outstanding				$ 700				700
2008 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)									4,900,025
2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)									3,849,976
Americold Realty Trust 2017 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	9,000,000
Amount accrued for dividend equivalents					$ 400			$ 1,100
Trustees \| Time-Based Restricted Stock Units, Awarded for IPO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)				12,285		331,250
Vesting period				1 year		3 years
Trustees \| Time-based Restricted Stock Units, Awarded As Part of Annual Compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)				5,982		42,188	18,348
Vesting period				1 year		1 year
Trustees \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)				18,267		373,438	18,348
Vesting period				1 year
Trustees \| Minimum \| Time-based Restricted Stock Units, Awarded As Part of Annual Compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							2 years
Trustees \| Minimum \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						1 year	2 years
Trustees \| Maximum \| Time-based Restricted Stock Units, Awarded As Part of Annual Compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							3 years
Trustees \| Maximum \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						3 years	3 years
Employees \| Time-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)				261,816		659,751	69,860
Vesting period							5 years
Employees \| Market-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)				243,168		604,000	71,428
Vesting period				3 years		3 years	5 years
Employees \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)				504,984		1,263,751	141,288
Vesting period							5 years
Employees \| Minimum \| Time-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				1 year		1 year
Employees \| Minimum \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				1 year		1 year
Employees \| Maximum \| Time-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years		4 years
Employees \| Maximum \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years		4 years

Share-Based Compensation - Restricted Stock Units Grants (Details) - Restricted Stock Units - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Trustees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)	18,267	373,438	18,348
Vesting Period	1 year
Grant Date Fair Value (in thousands)	$ 575	$ 5,975	$ 199
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards granted (in shares)	504,984	1,263,751	141,288
Vesting Period			5 years
Grant Date Fair Value (in thousands)	$ 16,843	$ 22,196	$ 1,897
Minimum \| Trustees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period		1 year	2 years
Minimum \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	1 year	1 year
Maximum \| Trustees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period		3 years	3 years
Maximum \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	3 years	4 years

Share-Based Compensation - Restricted Stock Unit Activity (Details) $ / shares in Units, $ in Millions	12 Months Ended	97 Months Ended
	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($) shares
Time-based Restricted Stock Units
Units (In thousands)
Beginning balance (in shares)	1,028,256
Granted (in shares)	280,083
Vested (in shares)	(443,481)
Forfeited (in shares)	(150,795)
Ending balance (in shares)	714,063	1,028,256
Aggregate intrinsic value, nonvested \| $	$ 25.0	$ 26.3
Shares vested, but not released (in shares)	615,643
Aggregate intrinsic value, shares vested but not released \| $	$ 21.6
Total outstanding restricted stock units (in shares)	1,329,706
Aggregate intrinsic value, total outstanding restricted stock units \| $	$ 46.6
Performance-Based Restricted Stock Units
Units (In thousands)
Beginning balance (in shares)	71,428
Granted (in shares)	0
Vested (in shares)	(14,286)
Forfeited (in shares)	0
Ending balance (in shares)	57,142	71,428
Aggregate intrinsic value, nonvested \| $	$ 2.0	$ 1.8
Shares vested, but not released (in shares)	14,286
Aggregate intrinsic value, shares vested but not released \| $	$ 0.5
Total outstanding restricted stock units (in shares)	71,428
Aggregate intrinsic value, total outstanding restricted stock units \| $	$ 2.5
Market-Based Restricted Stock Units
Units (In thousands)
Beginning balance (in shares)	587,500
Granted (in shares)	243,168
Vested (in shares)	0
Forfeited (in shares)	(51,480)
Ending balance (in shares)	779,188	587,500
Aggregate intrinsic value, nonvested \| $	$ 27.3	$ 15.0
Shares vested, but not released (in shares)	0
Aggregate intrinsic value, shares vested but not released \| $	$ 0.0
Total outstanding restricted stock units (in shares)	779,188
Aggregate intrinsic value, total outstanding restricted stock units \| $	$ 27.3
Former Director \| Restricted Stock Units
Units (In thousands)
Vested (in shares)	(16,324)	(613,605)
Shares vested, but not released (in shares)	568,753
Vested awards, weighted average grant date fair value (in USD per share) \| $ / shares	$ 9.29

Share-Based Compensation - Performance Thresholds (Details) - Market-Based Restricted Stock Units	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RMS relative market performance, high level	75.00%
RMS relative market performance, target level	55.00%
RMS relative market performance, threshold level	30.00%
TSR, maximum		12.00%
TSR, target		10.00%
TSR, minimum		8.00%
Market performance percentage, maximum	200.00%	150.00%
Market performance percentage, target	100.00%	100.00%
Market performance percentage, minimum	50.00%	50.00%
Market performance percentage, below threshold	0.00%

Share-based Compensation - Restricted Stock Units Valuation Assumptions (Details)		12 Months Ended
	Apr. 10, 2017	Dec. 31, 2019	Dec. 31, 2018
Market-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Stock Price Volatility		22.00%
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Stock Price Volatility	30.00%
Risk-Free Interest Rate	1.63%
Dividend Yield	2.00%
Minimum \| Market-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Stock Price Volatility			25.00%
Risk-Free Interest Rate		2.40%	2.34%
Maximum \| Market-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Stock Price Volatility			30.00%
Risk-Free Interest Rate		2.43%	2.85%

Share-Based Compensation - Summary of Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Shares (In thousands)
Outstanding (in shares)	2,355,787
Granted (in shares)	0
Exercised (in shares)	(1,342,289)
Forfeited or expired (in shares)	(219,000)
Outstanding (in shares)	794,498	2,355,787
Weighted-Average Exercise Price
Outstanding (in USD per share)	$ 9.81
Granted (in USD per share)	0
Exercised (in USD per share)	9.81
Forfeited or expired (in USD per share)	9.81
Outstanding (in USD per share)	$ 9.81	$ 9.81
Weighted-Average Remaining Contractual Terms (Years)
Outstanding	5 years 9 months 18 days	5 years 4 months 24 days
Exercisable
Shares (in shares)	301,500
Weighted-Average Exercise Price (in USD per share)	$ 9.81
Weighted-Average Remaining Contractual Terms (Years)	5 years 1 month 6 days

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	May 01, 2019
Operating Loss Carryforwards [Line Items]
Income tax benefit from TCJA		$ 3,800,000
Deferred tax liability for purchase of Cloverleaf				$ 9,600,000
Income tax expense (benefit)	$ (5,157,000)	(3,619,000)	$ 9,393,000
Deferred tax liability from outside basis difference	400,000
Undistributed earnings of foreign subsidiaries		13,800,000
GILTI	200,000
Operating loss carryforwards	36,100,000
Operating loss carryforwards, subject to expiration	20,400,000
Operating loss carryforwards, not subject to expiration	21,400,000
Change in valuation allowance	(3,600,000)
Valuation allowance	16,043,000	19,627,000
Reasonably possible decrease in unrecognized tax benefits in the next twelve months	0
Decreases due to lapse in statute of limitations	431,000	353,000	73,000
U.S.
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	41,800,000
Research Tax Credit Carryforward
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	900,000
Alternative Minimum Tax Credit Carryforward
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	2,200,000
TSR
Operating Loss Carryforwards [Line Items]
Valuation allowance		$ 16,000,000.0	19,600,000
Tax Year Prior to 2017
Operating Loss Carryforwards [Line Items]
Payments of tax settlements			$ 4,300,000
Tax Year 2017
Operating Loss Carryforwards [Line Items]
Payments of tax settlements	600,000
Cloverleaf and Lanier Cold Storage
Operating Loss Carryforwards [Line Items]
Deferred tax liability for purchase of Cloverleaf	9,626,000
Income tax expense (benefit)	(9,600,000)
Change in valuation allowance	$ (6,000,000.0)

Income Taxes - Income/(loss) before income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S.	$ 33,417	$ 37,060	$ (11,212)
Foreign	9,588	7,306	19,997
Income before income tax benefit (expense)	$ 43,005	$ 44,366	$ 8,785

Income Taxes - Schedule of Compnents of Income Tax Benefit (Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current
U.S. federal	$ (20)	$ 4,424	$ (4,848)
State	(670)	(353)	(644)
Foreign	(4,854)	(3,604)	(7,559)
Total current portion	(5,544)	467	(13,051)
Deferred
U.S. federal	7,701	2,094	2,277
State	2,217	494	(72)
Foreign	783	564	1,453
Total deferred portion	10,701	3,152	3,658
Total income tax benefit (expense)	$ 5,157	$ 3,619	$ (9,393)

Income Taxes - Reconciliation Schedule (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income taxes at statutory rates	$ (9,031)	$ (9,317)	$ (2,987)
Earnings (loss) from REIT - not subject to tax	9,526	9,015	(425)
State income taxes, net of federal income tax benefit	(542)	(187)	(445)
Provision to return	2	360	(205)
Rate and permanent differences on non-U.S. earnings	(971)	(1,228)	668
Change in valuation allowance	2,761	(2,227)	2,950
Non-deductible expenses	3,462	4,021	(2,345)
Change in uncertain tax positions	(367)	347	94
Effect of Tax Cuts and Jobs Act	0	3,797	(3,113)
REIT excise tax	0	0	(4,772)
Other	317	(962)	1,187
Total income tax benefit (expense)	$ 5,157	$ 3,619	$ (9,393)

Income Taxes - Temporary Difference (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Net operating loss and credits carryforwards	$ 11,806	$ 14,062
Accrued expenses	26,911	25,889
Share-based compensation	4,618	4,709
Lease obligations	9,674	0
Other assets	4,420	241
Total gross deferred tax assets	57,429	44,901
Less: valuation allowance	(16,043)	(19,627)
Total net deferred tax assets	41,386	25,274
Deferred tax liabilities:
Intangible assets and goodwill	(8,739)	(5,628)
Property, buildings and equipment	(38,358)	(35,672)
Lease right-of-use assets	(9,674)	0
Other liabilities	(1,316)	(1,144)
Total gross deferred tax liabilities	(58,087)	(42,444)
Net deferred tax liability	$ (16,701)	$ (17,170)

Income Taxes - Unrecognized benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Tax
Beginning balance	$ 431	$ 784	$ 857
Increases related to current-year tax positions	367		0
Decreases related to prior-year tax positions			0
Decreases due to lapse in statute of limitations	(431)	(353)	(73)
Ending balance	367	431	784
Interest
Beginning balance	0	6	19
Increases related to current-year tax positions	0		3
Decreases related to prior-year tax positions			(4)
Decreases due to lapse in statute of limitations	0	(6)	(12)
Ending balance	0	0	6
Penalties
Beginning balance	0	0	8
Increases related to current-year tax positions	0		0
Decreases related to prior-year tax positions			(8)
Decreases due to lapse in statute of limitations	0	0	0
Ending balance	0	0	0
Total
Beginning balance	431	790	884
Increases related to current-year tax positions	367		3
Decreases related to prior-year tax positions			(12)
Decreases due to lapse in statute of limitations	(431)	(359)	(85)
Ending balance	$ 367	$ 431	$ 790

Variable Interest Entities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2015
Variable Interest Entity [Line Items]
Original benefit of contribution by tax credit investors	$ (4,882)	$ 0
Cloverleaf
Variable Interest Entity [Line Items]
Original benefit of contribution by tax credit investors			$ 5,600
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Contribution liability	$ 4,900

Employee Benefit Plans - Actuarial Assumptions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Change in benefit obligation:
Beginning balance	$ (76,054)	$ (82,484)
Service cost	(78)	(246)	$ (722)
Interest cost	(2,907)	(2,741)	(2,981)
Actuarial gain (loss)	(7,557)	4,090
Benefits paid	4,440	5,039
Plan participants’ contributions	(12)	(21)
Foreign currency translation loss (gain)	2	309
Effect of settlement	152
Ending balance	(82,014)	(76,054)	(82,484)
Change in plan assets:
Beginning balance	59,737	65,728
Actual return on plan assets	11,597	(3,438)
Employer contributions	2,560	2,759
Benefits paid	(4,440)	(5,038)
Effect of settlement	(152)
Plan participants’ contributions	12	21
Foreign currency translation loss	(6)	(295)
Ending balance	69,308	59,737	65,728
Funded status	(12,706)	(16,317)
Amounts recognized on the consolidated balance sheet:
Pension and post-retirement liability	(12,706)	(16,317)
Accumulated other comprehensive loss (income)	10,959	14,074
Amounts in accumulated other comprehensive loss consist of:
Net loss (gain)	10,882	13,969
Prior service cost	77	105
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net (gain) loss	(1,177)	2,926
Amortization of net (loss) gain	(2,069)	(1,959)
Amortization of prior service cost	(28)	(28)
Amount recognized due to special event	10	(64)
Foreign currency translation loss	(5)	26
Total recognized in other comprehensive loss (income)	(3,269)	901	(5,754)
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	82,014	76,054
Accumulated benefit obligation	81,900	75,855
Fair value of plan assets	69,308	59,737
Pension
Change in plan assets:
Beginning balance	59,737
Ending balance	69,308	59,737
Other Post-Retirement Benefits
Change in benefit obligation:
Beginning balance	(678)	(691)
Service cost	0	0	0
Interest cost	(23)	(20)	(22)
Actuarial gain (loss)	(62)	33
Benefits paid	0	0
Plan participants’ contributions	0	0
Foreign currency translation loss (gain)	0	0
Effect of settlement	152
Ending balance	(611)	(678)	(691)
Change in plan assets:
Beginning balance	0	0
Actual return on plan assets	0	0
Employer contributions	152	0
Benefits paid	0	0
Effect of settlement	(152)
Plan participants’ contributions	0	0
Foreign currency translation loss	0	0
Ending balance	0	0	0
Funded status	(611)	(678)
Amounts recognized on the consolidated balance sheet:
Pension and post-retirement liability	(611)	(678)
Accumulated other comprehensive loss (income)	(21)	(92)
Amounts in accumulated other comprehensive loss consist of:
Net loss (gain)	(21)	(92)
Prior service cost	0	0
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net (gain) loss	(94)	(34)
Amortization of net (loss) gain	4	0
Amortization of prior service cost	0	0
Amount recognized due to special event	5	0
Foreign currency translation loss	0	0
Total recognized in other comprehensive loss (income)	(85)	(34)
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	611	678
Accumulated benefit obligation	611	678
Fair value of plan assets	0	0
Retirement Income Plan \| Pension
Change in benefit obligation:
Beginning balance	(43,364)	(45,386)
Service cost	0	(31)	(65)
Interest cost	(1,590)	(1,418)	(1,583)
Actuarial gain (loss)	(3,251)	753
Benefits paid	2,990	2,718
Plan participants’ contributions	0	0
Foreign currency translation loss (gain)	0	0
Effect of settlement	0
Ending balance	(45,215)	(43,364)	(45,386)
Change in plan assets:
Beginning balance	34,958	38,218
Actual return on plan assets	6,804	(2,042)
Employer contributions	1,339	1,499
Benefits paid	(2,990)	(2,717)
Effect of settlement	0
Plan participants’ contributions	0	0
Foreign currency translation loss	0	0
Ending balance	40,111	34,958	38,218
Funded status	(5,104)	(8,406)
Amounts recognized on the consolidated balance sheet:
Pension and post-retirement liability	(5,104)	(8,406)
Accumulated other comprehensive loss (income)	6,417	9,718
Amounts in accumulated other comprehensive loss consist of:
Net loss (gain)	6,417	9,718
Prior service cost	0	0
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net (gain) loss	(1,793)	3,337
Amortization of net (loss) gain	(1,509)	(1,244)
Amortization of prior service cost	0	0
Amount recognized due to special event	0	0
Foreign currency translation loss	0	0
Total recognized in other comprehensive loss (income)	(3,302)	2,093
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	45,215	43,364
Accumulated benefit obligation	45,215	43,364
Fair value of plan assets	40,111	34,958
National Service-Related Pension Plan \| Pension
Change in benefit obligation:
Beginning balance	(30,627)	(33,405)
Service cost	0	(78)	(504)
Interest cost	(1,245)	(1,199)	(1,256)
Actuarial gain (loss)	(4,167)	3,125
Benefits paid	1,003	930
Plan participants’ contributions	0	0
Foreign currency translation loss (gain)	0	0
Effect of settlement	0
Ending balance	(35,036)	(30,627)	(33,405)
Change in plan assets:
Beginning balance	23,277	24,518
Actual return on plan assets	4,556	(1,446)
Employer contributions	1,011	1,135
Benefits paid	(1,003)	(930)
Effect of settlement	0
Plan participants’ contributions	0	0
Foreign currency translation loss	0	0
Ending balance	27,841	23,277	24,518
Funded status	(7,195)	(7,350)
Amounts recognized on the consolidated balance sheet:
Pension and post-retirement liability	(7,195)	(7,350)
Accumulated other comprehensive loss (income)	4,501	4,278
Amounts in accumulated other comprehensive loss consist of:
Net loss (gain)	4,501	4,278
Prior service cost	0	0
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net (gain) loss	788	(311)
Amortization of net (loss) gain	(564)	(715)
Amortization of prior service cost	0	0
Amount recognized due to special event	0	0
Foreign currency translation loss	0	0
Total recognized in other comprehensive loss (income)	224	(1,026)
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	35,036	30,627
Accumulated benefit obligation	35,036	30,627
Fair value of plan assets	27,841	23,277
Superannuation \| Pension
Change in benefit obligation:
Beginning balance	(1,385)	(3,002)
Service cost	(78)	(137)	(153)
Interest cost	(49)	(104)	(120)
Actuarial gain (loss)	(77)	179
Benefits paid	447	1,391
Plan participants’ contributions	(12)	(21)
Foreign currency translation loss (gain)	2	309
Effect of settlement	0
Ending balance	(1,152)	(1,385)	(3,002)
Change in plan assets:
Beginning balance	1,502	2,992
Actual return on plan assets	237	50
Employer contributions	58	125
Benefits paid	(447)	(1,391)
Effect of settlement	0
Plan participants’ contributions	12	21
Foreign currency translation loss	(6)	(295)
Ending balance	1,356	1,502	$ 2,992
Funded status	204	117
Amounts recognized on the consolidated balance sheet:
Pension and post-retirement liability	204	117
Accumulated other comprehensive loss (income)	62	170
Amounts in accumulated other comprehensive loss consist of:
Net loss (gain)	(15)	65
Prior service cost	77	105
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net (gain) loss	(78)	(66)
Amortization of net (loss) gain	0	0
Amortization of prior service cost	(28)	(28)
Amount recognized due to special event	5	(64)
Foreign currency translation loss	(5)	26
Total recognized in other comprehensive loss (income)	(106)	(132)
Information for plans with accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	1,152	1,385
Accumulated benefit obligation	1,038	1,186
Fair value of plan assets	$ 1,356	$ 1,502

Employee Benefit Plans - Components of Net Period Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 78	$ 246	$ 722
Interest cost	2,907	2,741	2,981
Expected return on plan assets	(3,010)	(3,588)	(3,106)
Amortization of net loss (gain)	2,069	1,959	2,703
Amortization of prior service cost	28	30	221
Effect of settlement	(10)	68	63
Net pension benefit cost	2,062	1,456	3,584
Pension \| Retirement Income Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	31	65
Interest cost	1,590	1,418	1,583
Expected return on plan assets	(1,760)	(2,047)	(1,757)
Amortization of net loss (gain)	1,509	1,244	1,889
Amortization of prior service cost	0	0	0
Effect of settlement	0	0	0
Net pension benefit cost	1,339	646	1,780
Pension \| National Service-Related Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	78	504
Interest cost	1,245	1,199	1,256
Expected return on plan assets	(1,176)	(1,369)	(1,175)
Amortization of net loss (gain)	564	715	815
Amortization of prior service cost	0	0	212
Effect of settlement	0	0	0
Net pension benefit cost	633	623	1,612
Pension \| Superannuation
Defined Benefit Plan Disclosure [Line Items]
Service cost	78	137	153
Interest cost	49	104	120
Expected return on plan assets	(74)	(172)	(174)
Amortization of net loss (gain)	0	0	0
Amortization of prior service cost	28	30	9
Effect of settlement	(5)	68	67
Net pension benefit cost	76	167	175
Other Post-Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0
Interest cost	23	20	22
Expected return on plan assets	0	0	0
Amortization of net loss (gain)	(4)	0	(1)
Amortization of prior service cost	0	0	0
Effect of settlement	(5)	0	(4)
Net pension benefit cost	$ 14	$ 20	$ 17

Employee Benefit Plans - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected contributions to all plans in 2020		$ 2,500,000
Percentage of union employees covered		60.00%
Multiemployer plan expense		$ 18,000,000.0	$ 17,400,000	$ 17,000,000.0
Minimum contribution to multiemployer plan		17,300,000
Multi-employer pension plan withdrawal expense	$ 9,200,000	0	0	9,134,000
Contributions to government sponsored plan		5,800,000	5,700,000	5,400,000
Defined contribution plan expense		4,200,000	$ 3,900,000	$ 3,600,000
U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected amortization of estimated net gain (loss)		$ (1,600,000)
Expected return on plan assets		6.50%
Offshore Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected amortization of estimated net gain (loss)		$ 0
Expected return on plan assets		5.00%
Pension \| Retirement Income Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Average future service period		6 years 3 months 18 days
Expected return on plan assets		6.50%	7.00%	7.00%
Pension \| National Service-Related Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Average future service period		7 years 4 months 24 days
Expected return on plan assets		6.50%	7.00%	7.00%
Pension \| Superannuation
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Average future service period		5 years 9 months 18 days
Expected return on plan assets		5.00%	6.00%	6.00%
Other Post-Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Average future service period		5 years
New England Teamsters & Trucking Industry Pension Plan \| Multiemployer Plans, Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Unfunded liability on multiemployer plan		$ 13,700,000
Monthly installments on multiemployer plan		$ 40,000.00
Contribution term of multiemployer plan		30 years

Employee Benefit Plans - Assumptions used (Details)	12 Months Ended
Employee Benefit Plans - Assumptions used (Details)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Pension \| Retirement Income Plan
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	3.00%	3.95%	3.35%
Rate of compensation increase		3.50%	3.50%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	3.95%	3.35%	3.75%
Expected return on plan assets	6.50%	7.00%	7.00%
Rate of compensation increase	3.50%	3.50%	3.50%
Pension \| National Service-Related Pension Plan
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	3.25%	4.15%	3.65%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	4.15%	3.65%	4.15%
Expected return on plan assets	6.50%	7.00%	7.00%
Pension \| Superannuation
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	2.30%	3.70%	3.70%
Rate of compensation increase	3.25%	3.25%	4.00%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	3.70%	3.70%	4.20%
Expected return on plan assets	5.00%	6.00%	6.00%
Rate of compensation increase	3.25%	4.00%	4.00%
Other Post-Retirement Benefits
Weighted-average assumptions used to determine obligations (balance sheet):
Discount rate	2.55%	3.70%	3.10%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
Discount rate	3.70%	3.10%	3.40%

Employee Benefit Plans - Allocation of Plan Assets (Details)	Dec. 31, 2019	Dec. 31, 2018
U.S. equities \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	35.00%	35.00%
U.S. equities \| Offshore Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	20.00%	16.00%
Target Allocation	19.00%
Non-U.S. equities \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	25.00%	25.00%
Non-U.S. equities \| Offshore Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	42.00%	46.00%
Target Allocation	41.00%
Fixed-income securities \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	35.00%	35.00%
Fixed-income securities \| Offshore Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	8.00%	9.00%
Target Allocation	13.00%
Real estate \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	5.00%	5.00%
Real estate \| Offshore Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	8.00%	8.00%
Target Allocation	8.00%
Cash and other \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	0.00%	0.00%
Cash and other \| Offshore Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual	22.00%	21.00%
Target Allocation	19.00%
Minimum \| U.S. equities \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	25.00%
Minimum \| Non-U.S. equities \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	15.00%
Minimum \| Fixed-income securities \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	15.00%
Minimum \| Real estate \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	0.00%
Maximum \| U.S. equities \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	55.00%
Maximum \| Non-U.S. equities \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	45.00%
Maximum \| Fixed-income securities \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	40.00%
Maximum \| Real estate \| U.S. Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Target Allocation	5.00%

Employee Benefit Plans - Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	$ 69,308	$ 59,737	$ 65,728
Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	69,308	59,737
Pension \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	35,317	30,281
Pension \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	33,991	29,456
Pension \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| U.S. equities, Large cap
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	17,698	15,141
Pension \| U.S. equities, Large cap \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| U.S. equities, Large cap \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	17,698	15,141
Pension \| U.S. equities, Large cap \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| U.S. equities, Medium cap
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	3,404	2,912
Pension \| U.S. equities, Medium cap \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| U.S. equities, Medium cap \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	3,404	2,912
Pension \| U.S. equities, Medium cap \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| U.S. equities, Small cap
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	2,720	2,330
Pension \| U.S. equities, Small cap \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	1,360	1,165
Pension \| U.S. equities, Small cap \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	1,360	1,165
Pension \| U.S. equities, Small cap \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Non-U.S. equities, Large cap
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	12,919	11,065
Pension \| Non-U.S. equities, Large cap \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	12,919	11,065
Pension \| Non-U.S. equities, Large cap \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Non-U.S. equities, Large cap \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Non-U.S. equities, Emerging markets
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	4,060	3,494
Pension \| Non-U.S. equities, Emerging markets \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	4,060	3,494
Pension \| Non-U.S. equities, Emerging markets \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Non-U.S. equities, Emerging markets \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Fixed-income securities, Money markets
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	3,381	2,912
Pension \| Fixed-income securities, Money markets \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Fixed-income securities, Money markets \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	3,381	2,912
Pension \| Fixed-income securities, Money markets \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Fixed-income securities, U.S. bonds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	13,569	11,647
Pension \| Fixed-income securities, U.S. bonds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	10,172	8,735
Pension \| Fixed-income securities, U.S. bonds \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	3,397	2,912
Pension \| Fixed-income securities, U.S. bonds \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Fixed-income securities, Non-U.S. bonds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	6,806	5,822
Pension \| Fixed-income securities, Non-U.S. bonds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	6,806	5,822
Pension \| Fixed-income securities, Non-U.S. bonds \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Fixed-income securities, Non-U.S. bonds \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Fixed-income securities, Real estate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	3,395	2,912
Pension \| Fixed-income securities, Real estate \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Fixed-income securities, Real estate \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	3,395	2,912
Pension \| Fixed-income securities, Real estate \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Fixed-income securities, Common/collective trusts
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	1,356	1,502
Pension \| Fixed-income securities, Common/collective trusts \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	0	0
Pension \| Fixed-income securities, Common/collective trusts \| Significant Observable Inputs (Level 2)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	1,356	1,502
Pension \| Fixed-income securities, Common/collective trusts \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total assets	$ 0	$ 0

Employee Benefit Plans - Estimated Future Benefit Payments (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Retirement Benefits [Abstract]
2020	$ 7,796
2021	5,090
2022	5,034
2023	4,862
2024	4,867
Thereafter	22,846
Estimated future benefit payments	$ 50,495

Employee Benefit Plans - Multiemployer Plans Contributions (Details) - Multiemployer Plans, Pension - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Multiemployer Plans [Line Items]
Americold Contributions	$ 17,962	$ 17,441	$ 16,969
Central Pension Fund of the International Union of Operating Engineers and Participating Employers
Multiemployer Plans [Line Items]
Americold Contributions	6	6	3
Central States SE & SW Areas Health and Welfare Pension Plans
Multiemployer Plans [Line Items]
Americold Contributions	9,238	8,424	8,427
New England Teamsters & Trucking Industry Pension Plan
Multiemployer Plans [Line Items]
Americold Contributions	456	456	566
Alternative New England Teamsters & Trucking Industry Pension Plan
Multiemployer Plans [Line Items]
Americold Contributions	449	493	98
I.U.O.E Stationary Engineers Local 39 Pension Fund
Multiemployer Plans [Line Items]
Americold Contributions	194	160	197
United Food & Commercial Workers International Union-Industry Pension Fund
Multiemployer Plans [Line Items]
Americold Contributions	105	90	87
Western Conference of Teamsters Pension Fund
Multiemployer Plans [Line Items]
Americold Contributions	7,398	7,632	7,265
Minneapolis Food Distributing Industry Pension Plan
Multiemployer Plans [Line Items]
Americold Contributions	$ 116	$ 180	$ 326

Commitments and Contingencies (Details) $ in Millions		12 Months Ended
Commitments and Contingencies (Details) $ in Millions	Feb. 22, 2019 USD ($)	Dec. 31, 2019 USD ($) employee warehouse agreement	Dec. 31, 1994 USD ($)	Dec. 31, 2018 USD ($)
Loss Contingencies [Line Items]
Letter of credit amount outstanding		$ 23.0		$ 29.6
Number of employees \| employee		12,600
Number of warehouses \| warehouse		178
Number of collective bargaining agreements \| agreement		74
Number of collective bargaining agreements, including agreements under negotiation \| agreement		75
Number of collective bargaining agreements expiring in 2020 \| agreement		19
Number of warehouses where collective bargaining agreements are expiring in 2020 \| warehouse		26
Kansas Breach of Settlement Agreement
Loss Contingencies [Line Items]
Litigation settlement, awarded to other party			$ 58.7
Jose Contreras Employment Putative Class Action
Loss Contingencies [Line Items]
Litigation settlement, awarded to other party	$ 2.5
Surety Bond
Loss Contingencies [Line Items]
Outstanding surety bond		$ 4.3		$ 2.7
Unionized Employees Concentration Risk
Loss Contingencies [Line Items]
Number of warehouses \| warehouse		84
Number of Employees \| Unionized Employees Concentration Risk
Loss Contingencies [Line Items]
Collective-bargaining arrangement, percentage of participants		49.00%

Commitments and Contingencies - Construction Commitments (Details) $ in Thousands	Dec. 31, 2019 USD ($)
Construction Commitment [Line Items]
Total construction commitments	$ 57,974
Q1 2020 \| Columbus, OH
Construction Commitment [Line Items]
Total construction commitments	241
Q2 2020 \| Savannah, GA
Construction Commitment [Line Items]
Total construction commitments	13,692
Q2 2021 \| Atlanta, GA
Construction Commitment [Line Items]
Total construction commitments	$ 44,041

Accumulated Other Comprehensive (Loss) Income - Activity in AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 706,755	$ (186,924)	$ (149,455)
Other comprehensive (loss) income attributable to Americold Realty Trust	(1,611)	(12,285)	10,314
Ending balance	1,833,018	706,755	(186,924)
Accumulated other comprehensive loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(12,515)	(230)	(10,544)
Ending balance	(14,126)	(12,515)	(230)
Pension and other postretirement benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(8,027)	(7,126)	(12,880)
Other comprehensive (loss) income attributable to Americold Realty Trust	3,269	(901)	5,754
Ending balance	(4,758)	(8,027)	(7,126)
Pension and other postretirement benefits, gain (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income (loss), before reclassifications, before tax	1,180	(2,926)	2,663
Other comprehensive income (loss), before reclassifications, tax	3	27	(49)
Other comprehensive income (loss), before reclassifications	1,177	(2,953)	2,712
Pension and other postretirement benefits, prior service cost
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassifications, before tax	2,092	2,052	3,042
Net amount reclassified from AOCI to net income/loss	2,092	2,052	3,042
Foreign currency translation adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3,322)	8,318	3,874
Other comprehensive income (loss), before reclassifications, before tax	(783)	(11,640)	4,444
Reclassifications, before tax	(2,605)	0	0
Other comprehensive (loss) income attributable to Americold Realty Trust	(3,388)	(11,640)	4,444
Ending balance	(6,710)	(3,322)	8,318
Cash flow hedge derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,166)	(1,422)	(1,538)
Other comprehensive income (loss), before reclassifications, before tax	(1,450)	862	(1,387)
Other comprehensive income (loss), before reclassifications, tax	0	173	44
Other comprehensive income (loss), before reclassifications	(1,450)	689	(1,431)
Ending balance	(2,658)	(1,166)	(1,422)
Interest expense \| Cash flow hedge derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net amount reclassified from AOCI to net income/loss	(306)	1,191	1,547
Loss on debt extinguishment, modifications and termination of derivative instruments \| Cash flow hedge derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net amount reclassified from AOCI to net income/loss	0	1,825	0
Foreign exchange gain (loss), net \| Cash flow hedge derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net amount reclassified from AOCI to net income/loss	$ 264	$ (3,449)	$ 0

Related-Party Transactions - Additional Information (Details) - USD ($) $ in Thousands				1 Months Ended		2 Months Ended	12 Months Ended
	Sep. 18, 2018	Jan. 31, 2018	Jan. 23, 2018	Mar. 31, 2019	Dec. 31, 2017	May 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Payment of underwriting fees							$ 0	$ 8,205	$ 0
Principal Owner \| Goldman
Related Party Transaction [Line Items]
Payment of underwriting fees	$ 5,000			$ 2,600
Principal Owner \| Goldman \| 2018 Senior Unsecured Credit Facilities \| Credit Facility
Related Party Transaction [Line Items]
Commitments from lending group under credit facility							$ 90,000
Commitments from lending group under credit facility, percentage							7.10%
Principal Owner \| Affiliate of Goldman \| Australia Term Loan \| Term Loans
Related Party Transaction [Line Items]
Lender participation in loans, percentage							2.50%
Principal Owner \| Affiliate of Goldman \| New Zealand Term Loan \| Term Loans
Related Party Transaction [Line Items]
Lender participation in loans, percentage							31.80%
IPO
Related Party Transaction [Line Items]
Number of shares sold (in shares)			33,350,000
Payment of underwriting fees			$ 40,000
IPO \| Principal Owner \| Goldman
Related Party Transaction [Line Items]
Refunds of underwriter's discount			$ 1,600
IPO - Shares From Goldman \| Principal Owner
Related Party Transaction [Line Items]
Number of shares sold (in shares)		5,163,716
Ownership percentage after sale of stock			16.70%
Public Stock Offering - Goldman Sachs
Related Party Transaction [Line Items]
Number of shares sold (in shares)	9,100,000			8,061,228
Public Stock Offering - Goldman Sachs \| Principal Owner
Related Party Transaction [Line Items]
Number of shares sold (in shares)	9,083,280			8,061,228
Ownership percentage after sale of stock	9.90%
Public Stock Offering - Goldman Sachs \| Principal Owner \| Goldman
Related Party Transaction [Line Items]
Refunds of underwriter's discount	$ 700
Interest and Fees \| Principal Owner \| Goldman
Related Party Transaction [Line Items]
Related party transaction						$ 15,200	$ 1,400	2,300	900
Interest Rate Swap Agreements \| Principal Owner \| Goldman \| Australia Term Loan \| Term Loans
Related Party Transaction [Line Items]
Related party transaction								1,200	$ 1,500
Interest Rate Swap Agreements \| Interest Rate Swap \| Principal Owner \| Goldman \| Senior Secured Term Loan A Facility \| Term Loans
Related Party Transaction [Line Items]
Related party transaction							$ 200
Swap Termination Fee \| Principal Owner \| Goldman
Related Party Transaction [Line Items]
Related party transaction								$ 1,800
Escrow Prepayment \| Principal Owner \| 2018 Senior Unsecured Credit Facilities \| Term Loans and Credit Facility
Related Party Transaction [Line Items]
Related party transaction					$ 200
Common Stock
Related Party Transaction [Line Items]
Shares converted (in shares)			33,240,258					33,240,258
Common Stock \| Goldman
Related Party Transaction [Line Items]
Shares converted (in shares)			28,808,224
Common Stock \| Principal Owner \| Goldman
Related Party Transaction [Line Items]
Shares converted (in shares)		28,808,224

Geographic Concentrations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenues	$ 485,984	$ 466,182	$ 438,460	$ 393,079	$ 415,817	$ 402,010	$ 394,667	$ 391,141	$ 1,783,705	$ 1,603,635	$ 1,543,587
Total Assets	4,170,683				2,532,428				4,170,683	2,532,428
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenues									1,509,401	1,313,811	1,253,879
Total Assets	3,812,761				2,242,078				3,812,761	2,242,078
Australia
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenues									216,741	227,374	219,738
Total Assets	274,288				226,666				274,288	226,666
New Zealand
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenues									30,047	32,363	33,289
Total Assets	67,046				51,419				67,046	51,419
Argentina
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenues									9,647	11,752	18,319
Total Assets	7,794				7,154				7,794	7,154
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenues									17,869	18,335	$ 18,362
Total Assets	$ 8,794				$ 5,111				$ 8,794	$ 5,111

Segment Information - Additional Information (Details)	12 Months Ended
Segment Information - Additional Information (Details)	Dec. 31, 2019 segment
Segment Reporting [Abstract]
Number of reportable segments	4

Segment Information - Revenues with a Reconciliation to Income (Loss) before Income Tax and Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment revenues:
Revenues:	$ 485,984	$ 466,182	$ 438,460	$ 393,079	$ 415,817	$ 402,010	$ 394,667	$ 391,141	$ 1,783,705	$ 1,603,635	$ 1,543,587
Segment contribution:
Operating income	$ 46,579	$ 39,385	29,085	$ 16,417	51,171	$ 43,553	49,304	$ 35,932	131,466	179,960	136,989
Reconciling items:
Depreciation, depletion and amortization									(163,348)	(117,653)	(116,741)
Selling, general and administrative expense									(129,310)	(110,825)	(99,616)
Acquisition, litigation and other									(40,614)	(3,935)	(11,329)
Impairment of long-lived assets			$ (2,900)						(13,485)	(747)	(9,473)
(Loss) gain from sale of real estate, net					$ (900)		$ 8,400		(34)	7,471	43
Interest expense									(94,408)	(93,312)	(114,898)
Interest income									6,286	3,996	1,074
Bridge loan commitment fees									(2,665)	0	0
Loss on debt extinguishment, modifications and termination of derivative instruments									0	(47,559)	(986)
Foreign currency exchange gain (loss), net									10	2,882	(3,591)
Other expense, net									(1,870)	(532)	(1,944)
Loss from partially owned entities									(111)	(1,069)	(1,363)
Gain from sale of partially owned entities									4,297	0	0
Impairment of partially owned entities									0	0	(6,496)
Income before income tax benefit (expense)									43,005	44,366	8,785
Operating Segments
Segment revenues:
Revenues:									1,783,705	1,603,635	1,543,587
Segment contribution:
Operating income									478,257	405,649	374,105
Operating Segments \| Warehouse
Segment revenues:
Revenues:									1,377,217	1,176,912	1,145,662
Segment contribution:
Operating income									447,591	374,534	348,328
Operating Segments \| Third-party managed
Segment revenues:
Revenues:									252,939	259,034	242,189
Segment contribution:
Operating income									11,761	14,760	12,825
Operating Segments \| Transportation
Segment revenues:
Revenues:									144,844	158,790	146,070
Segment contribution:
Operating income									18,067	15,735	12,950
Operating Segments \| Other
Segment revenues:
Revenues:									8,705	8,899	9,666
Segment contribution:
Operating income									$ 838	$ 620	$ 2

Segment Information - Long-lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Investments in partially owned entities	$ 0	$ 14,541
Total assets	4,170,683	2,532,428
Operating Segments
Segment Reporting Information [Line Items]
Assets, excluding investments in partially owned entities	3,796,391	2,147,726
Operating Segments \| Warehouse
Segment Reporting Information [Line Items]
Assets, excluding investments in partially owned entities	3,684,391	2,054,968
Operating Segments \| Third-party managed
Segment Reporting Information [Line Items]
Assets, excluding investments in partially owned entities	47,867	43,725
Operating Segments \| Transportation
Segment Reporting Information [Line Items]
Assets, excluding investments in partially owned entities	50,666	35,479
Operating Segments \| Other
Segment Reporting Information [Line Items]
Assets, excluding investments in partially owned entities	13,467	13,554
Corporate assets
Segment Reporting Information [Line Items]
Assets, excluding investments in partially owned entities	374,292	370,161
Investments in partially owned entities
Segment Reporting Information [Line Items]
Investments in partially owned entities	0	14,541
Total reconciling items
Segment Reporting Information [Line Items]
Total assets	$ 374,292	$ 384,702

Earnings per Common Share Earnings Per Common Share - Narrative (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted-average number of unvested restricted stock units that participated in the distribution of common dividends (in shares)	1,660,000	2,662,000	0
Restricted Stock Units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted-average number of unvested restricted stock units that participated in the distribution of common dividends (in shares)	1,405,421
Weighted-average number of unvested restricted stock units that participated in the distribution of common dividends, unsettled (in shares)	629,929

Earnings per Common Share - Reconciliation of Weighted Average Number of Common Shares Outstanding (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Weighted average common shares outstanding – basic (in shares)	179,598	141,415	70,022
Dilutive effect of share-based awards (in shares)	1,660	2,662	0
Equity forward contract (in shares)	2,692	261	0
Weighted average common shares outstanding – diluted (in shares)	183,950	144,338	70,022

Earnings per Common Share - Antidilutive Securities (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average number of antidilutive potential common shares excluded from computation (in shares)	250	0	58,483
Series B Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average number of antidilutive potential common shares excluded from computation (in shares)	0	0	33,240
Common share warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average number of antidilutive potential common shares excluded from computation (in shares)	0	0	18,575
Employee stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average number of antidilutive potential common shares excluded from computation (in shares)	0	0	5,983
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average number of antidilutive potential common shares excluded from computation (in shares)	250	0	685
Equity forward contracts
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average number of antidilutive potential common shares excluded from computation (in shares)	0	0	0

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Total revenues									$ 1,761,692	$ 1,582,073	$ 1,522,328
Lease revenue									22,013	21,562	21,259
Total revenues from contracts with all customers	$ 485,984	$ 466,182	$ 438,460	$ 393,079	$ 415,817	$ 402,010	$ 394,667	$ 391,141	1,783,705	1,603,635	1,543,587
Warehouse rent and storage
Disaggregation of Revenue [Line Items]
Total revenues									560,537	493,416	480,567
Warehouse services
Disaggregation of Revenue [Line Items]
Total revenues									794,708	662,156	644,058
Third-party managed
Disaggregation of Revenue [Line Items]
Total revenues									252,920	258,834	241,989
Transportation
Disaggregation of Revenue [Line Items]
Total revenues									144,844	158,790	146,070
Other
Disaggregation of Revenue [Line Items]
Total revenues									8,683	8,877	9,644
U.S.
Disaggregation of Revenue [Line Items]
Total revenues									1,487,388	1,292,249	1,232,620
Lease revenue									22,013	21,562	21,259
Total revenues from contracts with all customers									1,509,401	1,313,811	1,253,879
U.S. \| Warehouse rent and storage
Disaggregation of Revenue [Line Items]
Total revenues									502,674	433,131	413,647
U.S. \| Warehouse services
Disaggregation of Revenue [Line Items]
Total revenues									653,890	522,748	508,982
U.S. \| Third-party managed
Disaggregation of Revenue [Line Items]
Total revenues									220,165	227,757	214,400
U.S. \| Transportation
Disaggregation of Revenue [Line Items]
Total revenues									101,976	99,736	85,947
U.S. \| Other
Disaggregation of Revenue [Line Items]
Total revenues									8,683	8,877	9,644
Australia
Disaggregation of Revenue [Line Items]
Total revenues									216,741	227,374	219,738
Lease revenue									0	0	0
Total revenues from contracts with all customers									216,741	227,374	219,738
Australia \| Warehouse rent and storage
Disaggregation of Revenue [Line Items]
Total revenues									37,172	39,573	40,086
Australia \| Warehouse services
Disaggregation of Revenue [Line Items]
Total revenues									124,045	119,665	116,287
Australia \| Third-party managed
Disaggregation of Revenue [Line Items]
Total revenues									14,886	12,742	9,227
Australia \| Transportation
Disaggregation of Revenue [Line Items]
Total revenues									40,638	55,394	54,138
Australia \| Other
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
New Zealand
Disaggregation of Revenue [Line Items]
Total revenues									30,047	32,363	33,289
Lease revenue									0	0	0
Total revenues from contracts with all customers									30,047	32,363	33,289
New Zealand \| Warehouse rent and storage
Disaggregation of Revenue [Line Items]
Total revenues									15,942	15,018	17,695
New Zealand \| Warehouse services
Disaggregation of Revenue [Line Items]
Total revenues									13,701	16,634	14,776
New Zealand \| Third-party managed
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
New Zealand \| Transportation
Disaggregation of Revenue [Line Items]
Total revenues									404	711	818
New Zealand \| Other
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Argentina
Disaggregation of Revenue [Line Items]
Total revenues									9,647	11,752	18,319
Lease revenue									0	0	0
Total revenues from contracts with all customers									9,647	11,752	18,319
Argentina \| Warehouse rent and storage
Disaggregation of Revenue [Line Items]
Total revenues									4,749	5,694	9,139
Argentina \| Warehouse services
Disaggregation of Revenue [Line Items]
Total revenues									3,072	3,109	4,013
Argentina \| Third-party managed
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Argentina \| Transportation
Disaggregation of Revenue [Line Items]
Total revenues									1,826	2,949	5,167
Argentina \| Other
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Canada
Disaggregation of Revenue [Line Items]
Total revenues									17,869	18,335	18,362
Lease revenue									0	0	0
Total revenues from contracts with all customers									17,869	18,335	18,362
Canada \| Warehouse rent and storage
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Canada \| Warehouse services
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Canada \| Third-party managed
Disaggregation of Revenue [Line Items]
Total revenues									17,869	18,335	18,362
Canada \| Transportation
Disaggregation of Revenue [Line Items]
Total revenues									0	0	0
Canada \| Other
Disaggregation of Revenue [Line Items]
Total revenues									$ 0	$ 0	$ 0

Revenue from Contracts with Customers - Performance Obligations, Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)
Disaggregation of Revenue [Line Items]
Variable consideration, percentage constrained	100.00%
Unsatisfied performance obligation	$ 658.2
Minimum
Disaggregation of Revenue [Line Items]
Payment terms	0 days
Maximum
Disaggregation of Revenue [Line Items]
Payment terms	30 days

Revenue from Contracts with Customers - Performance Obligations, Expected Timing of Recognition, Narrative (Details)	Dec. 31, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage of revenue	26.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage of revenue	74.00%
Performance obligation, period for recognition	14 years 3 months 18 days

Revenue from Contracts with Customers - Contract Balances, Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Receivables from contracts with customers	$ 213,200	$ 192,100
Unearned revenue	$ 16,423	$ 18,625

Selected Quarterly Financial Data (Americold Realty Trust) - Unaudited (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Revenues:	$ 485,984	$ 466,182	$ 438,460	$ 393,079	$ 415,817	$ 402,010	$ 394,667	$ 391,141	$ 1,783,705	$ 1,603,635	$ 1,543,587
Total operating expenses	439,405	426,797	409,375	376,662	364,646	358,457	345,363	355,209	1,652,239	1,423,675	1,406,598
Operating income	46,579	39,385	29,085	16,417	51,171	43,553	49,304	35,932	131,466	179,960	136,989
Net income (loss) applicable to common shareholders	$ 20,809	$ 27,091	$ 4,891	$ (4,629)	$ 2,678	$ 24,540	$ 29,406	$ (10,457)	$ 48,162	$ 46,167	$ (29,927)
Net income (loss) per common share
Basic (in USD per share)	$ 0.11	$ 0.14	$ 0.03	$ (0.03)	$ 0.02	$ 0.17	$ 0.20	$ (0.08)	$ 0.26	$ 0.31	$ (0.43)
Diluted (in USD per share)	$ 0.10	$ 0.14	$ 0.03	$ (0.03)	$ 0.02	$ 0.17	$ 0.20	$ (0.08)	$ 0.26	$ 0.31	$ (0.43)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

Selected Quarterly Financial Data (Americold Realty Operating Partnership, L.P.) - Unaudited (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interim Period, Costs Not Allocable [Line Items]
Revenues:	$ 485,984	$ 466,182	$ 438,460	$ 393,079	$ 415,817	$ 402,010	$ 394,667	$ 391,141	$ 1,783,705	$ 1,603,635	$ 1,543,587
Total operating expenses	439,405	426,797	409,375	376,662	364,646	358,457	345,363	355,209	1,652,239	1,423,675	1,406,598
Operating income	46,579	39,385	29,085	16,417	51,171	43,553	49,304	35,932	131,466	179,960	136,989
Net income (loss) applicable to common shareholders	20,809	27,091	4,891	(4,629)	2,678	24,540	29,406	(10,457)	48,162	46,167	(29,927)
Americold Realty Operating Partnership, L.P..
Interim Period, Costs Not Allocable [Line Items]
Revenues:	485,984	466,182	438,460	393,079	415,817	402,010	394,667	391,141	1,783,705	1,603,635	1,543,587
Total operating expenses	439,405	426,797	409,375	376,662	364,646	358,457	345,363	355,209	1,652,239	1,423,675	1,406,598
Operating income	46,579	39,385	29,085	16,417	51,171	43,553	49,304	35,932	$ 131,466	$ 179,960	$ 136,989
Net income (loss) applicable to common shareholders	$ 20,809	$ 27,091	$ 4,891	$ (4,629)	$ 2,678	$ 24,540	$ 29,406	$ (10,457)
Net income (loss) per common share
Net income (loss) per unit (in USD per share)	$ 0.11	$ 0.14	$ 0.03	$ (0.03)	$ 0.02	$ 0.17	$ 0.21	$ (0.08)

Subsequent Events (Details) - Subsequent Event R$ in Millions, $ in Millions, $ in Millions					2 Months Ended
	Feb. 20, 2020 USD ($)	Feb. 20, 2020 BRL (R$)	Jan. 02, 2020 USD ($) facility	Jan. 02, 2020 CAD ($) facility	Jan. 31, 2020 CAD ($)
Nova Cold Logistics
Subsequent Event [Line Items]
Consideration			$ 257.1	$ 336.8	$ 336.8
Number of facilities acquired \| facility			4	4
Newport Cold
Subsequent Event [Line Items]
Consideration \| $			$ 56.0
Superfrio Logistica Frigorificada
Subsequent Event [Line Items]
Ownership acquired		14.99%
Payments to acquire joint venture	$ 26.4	R$ 117.8
Additional funding commitment (up to) \| R$		R$ 127.4

Schedule III - Real Estate and Accumulated Depreciation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($) building	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Accumulated depreciation and depletion per Schedule III	$ (936,422)	$ (827,892)	$ (770,006)	$ (692,390)
Assets Not Under Construction
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	283,443
Initial Costs, Land	494,429
Initial Costs, Buildings and Improvements	2,326,556
Costs Capitalized Subsequent to Acquisition	413,200
Gross amount, Land	526,226
Total per Schedule III	2,707,959
Total real estate facilities gross amount per Schedule III	$ 3,234,185
Assets Not Under Construction \| Albertville, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,251
Initial Costs, Buildings and Improvements	12,385
Costs Capitalized Subsequent to Acquisition	1,080
Gross amount, Land	1,298
Total per Schedule III	13,418
Total real estate facilities gross amount per Schedule III	14,716
Accumulated depreciation and depletion per Schedule III	$ (5,794)
Assets Not Under Construction \| Allentown, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	5,780
Initial Costs, Buildings and Improvements	47,807
Costs Capitalized Subsequent to Acquisition	7,583
Gross amount, Land	6,513
Total per Schedule III	54,657
Total real estate facilities gross amount per Schedule III	61,170
Accumulated depreciation and depletion per Schedule III	$ (24,289)
Assets Not Under Construction \| Amarillo, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	871
Initial Costs, Buildings and Improvements	4,473
Costs Capitalized Subsequent to Acquisition	872
Gross amount, Land	932
Total per Schedule III	5,284
Total real estate facilities gross amount per Schedule III	6,216
Accumulated depreciation and depletion per Schedule III	$ (2,576)
Assets Not Under Construction \| Anaheim, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	9,509
Initial Costs, Buildings and Improvements	16,810
Costs Capitalized Subsequent to Acquisition	918
Gross amount, Land	9,509
Total per Schedule III	17,728
Total real estate facilities gross amount per Schedule III	27,237
Accumulated depreciation and depletion per Schedule III	$ (8,375)
Assets Not Under Construction \| Appleton, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	200
Initial Costs, Buildings and Improvements	5,022
Costs Capitalized Subsequent to Acquisition	10,809
Gross amount, Land	916
Total per Schedule III	15,115
Total real estate facilities gross amount per Schedule III	16,031
Accumulated depreciation and depletion per Schedule III	$ (4,445)
Assets Not Under Construction \| Atlanta - Lakewood, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	4,297
Initial Costs, Buildings and Improvements	3,369
Costs Capitalized Subsequent to Acquisition	(1,539)
Gross amount, Land	639
Total per Schedule III	5,488
Total real estate facilities gross amount per Schedule III	6,127
Accumulated depreciation and depletion per Schedule III	$ (2,165)
Assets Not Under Construction \| Atlanta - Skygate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,851
Initial Costs, Buildings and Improvements	12,731
Costs Capitalized Subsequent to Acquisition	746
Gross amount, Land	2,019
Total per Schedule III	13,309
Total real estate facilities gross amount per Schedule III	15,328
Accumulated depreciation and depletion per Schedule III	$ (4,387)
Assets Not Under Construction \| Atlanta - Southgate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,623
Initial Costs, Buildings and Improvements	17,652
Costs Capitalized Subsequent to Acquisition	2,052
Gross amount, Land	2,286
Total per Schedule III	19,041
Total real estate facilities gross amount per Schedule III	21,327
Accumulated depreciation and depletion per Schedule III	$ (6,769)
Assets Not Under Construction \| Atlanta - Tradewater, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	36,966
Costs Capitalized Subsequent to Acquisition	(4,140)
Gross amount, Land	6,106
Total per Schedule III	26,720
Total real estate facilities gross amount per Schedule III	32,826
Accumulated depreciation and depletion per Schedule III	$ (6,054)
Assets Not Under Construction \| Atlanta - Westgate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,270
Initial Costs, Buildings and Improvements	24,659
Costs Capitalized Subsequent to Acquisition	(1,535)
Gross amount, Land	2,025
Total per Schedule III	23,369
Total real estate facilities gross amount per Schedule III	25,394
Accumulated depreciation and depletion per Schedule III	$ (10,278)
Assets Not Under Construction \| Atlanta, GA - Corporate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	0
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	365
Costs Capitalized Subsequent to Acquisition	14,333
Gross amount, Land	0
Total per Schedule III	14,698
Total real estate facilities gross amount per Schedule III	14,698
Accumulated depreciation and depletion per Schedule III	$ (4,617)
Assets Not Under Construction \| Augusta, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,678
Initial Costs, Buildings and Improvements	1,943
Costs Capitalized Subsequent to Acquisition	1,062
Gross amount, Land	2,838
Total per Schedule III	2,845
Total real estate facilities gross amount per Schedule III	5,683
Accumulated depreciation and depletion per Schedule III	$ (1,616)
Assets Not Under Construction \| Babcock, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	852
Initial Costs, Buildings and Improvements	8,916
Costs Capitalized Subsequent to Acquisition	141
Gross amount, Land	895
Total per Schedule III	9,014
Total real estate facilities gross amount per Schedule III	9,909
Accumulated depreciation and depletion per Schedule III	$ (2,941)
Assets Not Under Construction \| Bartow, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	2,451
Costs Capitalized Subsequent to Acquisition	641
Gross amount, Land	10
Total per Schedule III	3,082
Total real estate facilities gross amount per Schedule III	3,092
Accumulated depreciation and depletion per Schedule III	$ (2,417)
Assets Not Under Construction \| Belvidere-Imron, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,000
Initial Costs, Buildings and Improvements	11,989
Costs Capitalized Subsequent to Acquisition	3,676
Gross amount, Land	2,410
Total per Schedule III	15,255
Total real estate facilities gross amount per Schedule III	17,665
Accumulated depreciation and depletion per Schedule III	$ (6,245)
Assets Not Under Construction \| Belvidere-Landmark, IL (Cross Dock)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1
Initial Costs, Buildings and Improvements	2,117
Costs Capitalized Subsequent to Acquisition	1,941
Gross amount, Land	0
Total per Schedule III	4,059
Total real estate facilities gross amount per Schedule III	4,059
Accumulated depreciation and depletion per Schedule III	$ (4,001)
Assets Not Under Construction \| Benson, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	3,660
Initial Costs, Buildings and Improvements	35,825
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	3,660
Total per Schedule III	35,825
Total real estate facilities gross amount per Schedule III	39,485
Accumulated depreciation and depletion per Schedule III	$ (857)
Assets Not Under Construction \| Birmingham, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 964
Initial Costs, Land	1,002
Initial Costs, Buildings and Improvements	957
Costs Capitalized Subsequent to Acquisition	2,033
Gross amount, Land	1,269
Total per Schedule III	2,723
Total real estate facilities gross amount per Schedule III	3,992
Accumulated depreciation and depletion per Schedule III	$ (892)
Assets Not Under Construction \| Boston, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,855
Initial Costs, Buildings and Improvements	5,796
Costs Capitalized Subsequent to Acquisition	1,536
Gross amount, Land	1,917
Total per Schedule III	7,270
Total real estate facilities gross amount per Schedule III	9,187
Accumulated depreciation and depletion per Schedule III	$ (2,595)
Assets Not Under Construction \| Brea, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	4,645
Initial Costs, Buildings and Improvements	5,891
Costs Capitalized Subsequent to Acquisition	769
Gross amount, Land	4,664
Total per Schedule III	6,641
Total real estate facilities gross amount per Schedule III	11,305
Accumulated depreciation and depletion per Schedule III	$ (2,778)
Assets Not Under Construction \| Brooklyn Park, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,600
Initial Costs, Buildings and Improvements	8,951
Costs Capitalized Subsequent to Acquisition	1,666
Gross amount, Land	1,600
Total per Schedule III	10,617
Total real estate facilities gross amount per Schedule III	12,217
Accumulated depreciation and depletion per Schedule III	$ (4,406)
Assets Not Under Construction \| Burley, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	16,136
Costs Capitalized Subsequent to Acquisition	3,729
Gross amount, Land	52
Total per Schedule III	19,813
Total real estate facilities gross amount per Schedule III	19,865
Accumulated depreciation and depletion per Schedule III	$ (13,720)
Assets Not Under Construction \| Burlington, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	3
Encumbrances	$ 14,059
Initial Costs, Land	694
Initial Costs, Buildings and Improvements	6,108
Costs Capitalized Subsequent to Acquisition	2,442
Gross amount, Land	708
Total per Schedule III	8,536
Total real estate facilities gross amount per Schedule III	9,244
Accumulated depreciation and depletion per Schedule III	$ (4,063)
Assets Not Under Construction \| Carson, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	9,100
Initial Costs, Buildings and Improvements	13,731
Costs Capitalized Subsequent to Acquisition	1,100
Gross amount, Land	9,116
Total per Schedule III	14,815
Total real estate facilities gross amount per Schedule III	23,931
Accumulated depreciation and depletion per Schedule III	$ (4,853)
Assets Not Under Construction \| Cartersville, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,500
Initial Costs, Buildings and Improvements	8,505
Costs Capitalized Subsequent to Acquisition	532
Gross amount, Land	1,571
Total per Schedule III	8,966
Total real estate facilities gross amount per Schedule III	10,537
Accumulated depreciation and depletion per Schedule III	$ (3,594)
Assets Not Under Construction \| Carthage Quarry, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	0
Encumbrances	$ 0
Initial Costs, Land	12,621
Initial Costs, Buildings and Improvements	356
Costs Capitalized Subsequent to Acquisition	187
Gross amount, Land	12,697
Total per Schedule III	467
Total real estate facilities gross amount per Schedule III	13,164
Accumulated depreciation and depletion per Schedule III	$ (3,088)
Assets Not Under Construction \| Carthage Warehouse Dist, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	61,445
Initial Costs, Buildings and Improvements	33,880
Costs Capitalized Subsequent to Acquisition	6,109
Gross amount, Land	62,356
Total per Schedule III	39,078
Total real estate facilities gross amount per Schedule III	101,434
Accumulated depreciation and depletion per Schedule III	$ (21,143)
Assets Not Under Construction \| Chambersburg, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,368
Initial Costs, Buildings and Improvements	15,868
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	1,368
Total per Schedule III	15,868
Total real estate facilities gross amount per Schedule III	17,236
Accumulated depreciation and depletion per Schedule III	$ (60)
Assets Not Under Construction \| Cherokee, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	580
Initial Costs, Buildings and Improvements	8,343
Costs Capitalized Subsequent to Acquisition	3
Gross amount, Land	580
Total per Schedule III	8,346
Total real estate facilities gross amount per Schedule III	8,926
Accumulated depreciation and depletion per Schedule III	$ (223)
Assets Not Under Construction \| Chesapeake, VA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,740
Initial Costs, Buildings and Improvements	13,452
Costs Capitalized Subsequent to Acquisition	17,932
Gross amount, Land	2,757
Total per Schedule III	31,367
Total real estate facilities gross amount per Schedule III	34,124
Accumulated depreciation and depletion per Schedule III	$ (388)
Assets Not Under Construction \| Chillicothe, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	670
Initial Costs, Buildings and Improvements	44,905
Costs Capitalized Subsequent to Acquisition	26
Gross amount, Land	670
Total per Schedule III	44,931
Total real estate facilities gross amount per Schedule III	45,601
Accumulated depreciation and depletion per Schedule III	$ (976)
Assets Not Under Construction \| City of Industry, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	1,455
Costs Capitalized Subsequent to Acquisition	1,746
Gross amount, Land	137
Total per Schedule III	3,064
Total real estate facilities gross amount per Schedule III	3,201
Accumulated depreciation and depletion per Schedule III	$ (2,357)
Assets Not Under Construction \| Clearfield, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,881
Initial Costs, Buildings and Improvements	14,945
Costs Capitalized Subsequent to Acquisition	4,801
Gross amount, Land	2,176
Total per Schedule III	20,451
Total real estate facilities gross amount per Schedule III	22,627
Accumulated depreciation and depletion per Schedule III	$ (8,590)
Assets Not Under Construction \| Clearfield 2, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	806
Initial Costs, Buildings and Improvements	21,569
Costs Capitalized Subsequent to Acquisition	1,352
Gross amount, Land	1,124
Total per Schedule III	22,603
Total real estate facilities gross amount per Schedule III	23,727
Accumulated depreciation and depletion per Schedule III	$ (1,863)
Assets Not Under Construction \| Columbia, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	768
Initial Costs, Buildings and Improvements	1,429
Costs Capitalized Subsequent to Acquisition	1,069
Gross amount, Land	860
Total per Schedule III	2,406
Total real estate facilities gross amount per Schedule III	3,266
Accumulated depreciation and depletion per Schedule III	$ (1,131)
Assets Not Under Construction \| Columbus, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,440
Initial Costs, Buildings and Improvements	38,939
Costs Capitalized Subsequent to Acquisition	5,497
Gross amount, Land	2,775
Total per Schedule III	44,101
Total real estate facilities gross amount per Schedule III	46,876
Accumulated depreciation and depletion per Schedule III	$ (739)
Assets Not Under Construction \| Connell, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	497
Initial Costs, Buildings and Improvements	8,728
Costs Capitalized Subsequent to Acquisition	1,156
Gross amount, Land	508
Total per Schedule III	9,873
Total real estate facilities gross amount per Schedule III	10,381
Accumulated depreciation and depletion per Schedule III	$ (4,178)
Assets Not Under Construction \| Dallas, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,468
Initial Costs, Buildings and Improvements	14,385
Costs Capitalized Subsequent to Acquisition	13,246
Gross amount, Land	2,929
Total per Schedule III	26,170
Total real estate facilities gross amount per Schedule III	29,099
Accumulated depreciation and depletion per Schedule III	$ (7,364)
Assets Not Under Construction \| Delhi, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 15,873
Initial Costs, Land	539
Initial Costs, Buildings and Improvements	12,228
Costs Capitalized Subsequent to Acquisition	502
Gross amount, Land	580
Total per Schedule III	12,689
Total real estate facilities gross amount per Schedule III	13,269
Accumulated depreciation and depletion per Schedule III	$ (6,585)
Assets Not Under Construction \| Denver-50th Street, CO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	1,724
Costs Capitalized Subsequent to Acquisition	543
Gross amount, Land	0
Total per Schedule III	2,267
Total real estate facilities gross amount per Schedule III	2,267
Accumulated depreciation and depletion per Schedule III	$ (2,061)
Assets Not Under Construction \| Dominguez Hills, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	11,149
Initial Costs, Buildings and Improvements	10,894
Costs Capitalized Subsequent to Acquisition	1,173
Gross amount, Land	11,162
Total per Schedule III	12,054
Total real estate facilities gross amount per Schedule III	23,216
Accumulated depreciation and depletion per Schedule III	$ (4,900)
Assets Not Under Construction \| Douglas, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	400
Initial Costs, Buildings and Improvements	2,080
Costs Capitalized Subsequent to Acquisition	1,780
Gross amount, Land	401
Total per Schedule III	3,859
Total real estate facilities gross amount per Schedule III	4,260
Accumulated depreciation and depletion per Schedule III	$ (1,330)
Assets Not Under Construction \| Eagan, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	6,050
Initial Costs, Buildings and Improvements	49,441
Costs Capitalized Subsequent to Acquisition	44
Gross amount, Land	6,050
Total per Schedule III	49,485
Total real estate facilities gross amount per Schedule III	55,535
Accumulated depreciation and depletion per Schedule III	$ (1,083)
Assets Not Under Construction \| East Dubuque, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	722
Initial Costs, Buildings and Improvements	13,764
Costs Capitalized Subsequent to Acquisition	620
Gross amount, Land	753
Total per Schedule III	14,353
Total real estate facilities gross amount per Schedule III	15,106
Accumulated depreciation and depletion per Schedule III	$ (4,765)
Assets Not Under Construction \| East Point, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,884
Initial Costs, Buildings and Improvements	3,621
Costs Capitalized Subsequent to Acquisition	3,537
Gross amount, Land	2,020
Total per Schedule III	7,022
Total real estate facilities gross amount per Schedule III	9,042
Accumulated depreciation and depletion per Schedule III	$ (2,204)
Assets Not Under Construction \| Fairfield, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,880
Initial Costs, Buildings and Improvements	20,849
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	1,880
Total per Schedule III	20,849
Total real estate facilities gross amount per Schedule III	22,729
Accumulated depreciation and depletion per Schedule III	$ (513)
Assets Not Under Construction \| Fairmont, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,650
Initial Costs, Buildings and Improvements	13,738
Costs Capitalized Subsequent to Acquisition	34
Gross amount, Land	1,650
Total per Schedule III	13,772
Total real estate facilities gross amount per Schedule III	15,422
Accumulated depreciation and depletion per Schedule III	$ (314)
Assets Not Under Construction \| Fort Dodge, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,022
Initial Costs, Buildings and Improvements	7,162
Costs Capitalized Subsequent to Acquisition	1,193
Gross amount, Land	1,226
Total per Schedule III	8,151
Total real estate facilities gross amount per Schedule III	9,377
Accumulated depreciation and depletion per Schedule III	$ (3,442)
Assets Not Under Construction \| Fort Smith, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	308
Initial Costs, Buildings and Improvements	2,231
Costs Capitalized Subsequent to Acquisition	2,030
Gross amount, Land	342
Total per Schedule III	4,227
Total real estate facilities gross amount per Schedule III	4,569
Accumulated depreciation and depletion per Schedule III	$ (1,385)
Assets Not Under Construction \| Fort Smith - Highway 45, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,245
Initial Costs, Buildings and Improvements	51,998
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	2,245
Total per Schedule III	51,998
Total real estate facilities gross amount per Schedule III	54,243
Accumulated depreciation and depletion per Schedule III	$ (1,176)
Assets Not Under Construction \| Fort Worth-Blue Mound, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,700
Initial Costs, Buildings and Improvements	5,055
Costs Capitalized Subsequent to Acquisition	1,548
Gross amount, Land	1,700
Total per Schedule III	6,603
Total real estate facilities gross amount per Schedule III	8,303
Accumulated depreciation and depletion per Schedule III	$ (1,884)
Assets Not Under Construction \| Fort Worth-Samuels, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	1,985
Initial Costs, Buildings and Improvements	13,447
Costs Capitalized Subsequent to Acquisition	2,886
Gross amount, Land	2,109
Total per Schedule III	16,209
Total real estate facilities gross amount per Schedule III	18,318
Accumulated depreciation and depletion per Schedule III	$ (6,694)
Assets Not Under Construction \| Fremont, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 26,984
Initial Costs, Land	629
Initial Costs, Buildings and Improvements	3,109
Costs Capitalized Subsequent to Acquisition	5,896
Gross amount, Land	691
Total per Schedule III	8,943
Total real estate facilities gross amount per Schedule III	9,634
Accumulated depreciation and depletion per Schedule III	$ (4,412)
Assets Not Under Construction \| Ft. Worth, TX (Meacham)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	5,610
Initial Costs, Buildings and Improvements	24,686
Costs Capitalized Subsequent to Acquisition	3,111
Gross amount, Land	5,873
Total per Schedule III	27,534
Total real estate facilities gross amount per Schedule III	33,407
Accumulated depreciation and depletion per Schedule III	$ (10,642)
Assets Not Under Construction \| Ft. Worth, TX (Railhead)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,857
Initial Costs, Buildings and Improvements	8,536
Costs Capitalized Subsequent to Acquisition	595
Gross amount, Land	1,955
Total per Schedule III	9,033
Total real estate facilities gross amount per Schedule III	10,988
Accumulated depreciation and depletion per Schedule III	$ (3,828)
Assets Not Under Construction \| Gadsden, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 23,384
Initial Costs, Land	100
Initial Costs, Buildings and Improvements	9,820
Costs Capitalized Subsequent to Acquisition	(857)
Gross amount, Land	351
Total per Schedule III	8,712
Total real estate facilities gross amount per Schedule III	9,063
Accumulated depreciation and depletion per Schedule III	$ (2,834)
Assets Not Under Construction \| Gaffney, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,000
Initial Costs, Buildings and Improvements	3,263
Costs Capitalized Subsequent to Acquisition	152
Gross amount, Land	1,000
Total per Schedule III	3,415
Total real estate facilities gross amount per Schedule III	4,415
Accumulated depreciation and depletion per Schedule III	$ (1,323)
Assets Not Under Construction \| Gainesville, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	400
Initial Costs, Buildings and Improvements	5,704
Costs Capitalized Subsequent to Acquisition	1,035
Gross amount, Land	411
Total per Schedule III	6,728
Total real estate facilities gross amount per Schedule III	7,139
Accumulated depreciation and depletion per Schedule III	$ (2,494)
Assets Not Under Construction \| Gainesville - Candler, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	716
Initial Costs, Buildings and Improvements	3,258
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	716
Total per Schedule III	3,258
Total real estate facilities gross amount per Schedule III	3,974
Accumulated depreciation and depletion per Schedule III	$ (126)
Assets Not Under Construction \| Garden City, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	446
Initial Costs, Buildings and Improvements	4,721
Costs Capitalized Subsequent to Acquisition	1,549
Gross amount, Land	446
Total per Schedule III	6,270
Total real estate facilities gross amount per Schedule III	6,716
Accumulated depreciation and depletion per Schedule III	$ (2,322)
Assets Not Under Construction \| Gateway, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	3,271
Initial Costs, Buildings and Improvements	19,693
Costs Capitalized Subsequent to Acquisition	(7,211)
Gross amount, Land	3,197
Total per Schedule III	12,556
Total real estate facilities gross amount per Schedule III	15,753
Accumulated depreciation and depletion per Schedule III	$ (8,367)
Assets Not Under Construction \| Geneva Lakes, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,579
Initial Costs, Buildings and Improvements	36,020
Costs Capitalized Subsequent to Acquisition	3,042
Gross amount, Land	2,265
Total per Schedule III	38,376
Total real estate facilities gross amount per Schedule III	40,641
Accumulated depreciation and depletion per Schedule III	$ (12,359)
Assets Not Under Construction \| Gloucester - Rogers, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,683
Initial Costs, Buildings and Improvements	3,675
Costs Capitalized Subsequent to Acquisition	3,073
Gross amount, Land	1,818
Total per Schedule III	6,613
Total real estate facilities gross amount per Schedule III	8,431
Accumulated depreciation and depletion per Schedule III	$ (2,080)
Assets Not Under Construction \| Gloucester - Rowe, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,146
Initial Costs, Buildings and Improvements	2,833
Costs Capitalized Subsequent to Acquisition	6,763
Gross amount, Land	1,272
Total per Schedule III	9,470
Total real estate facilities gross amount per Schedule III	10,742
Accumulated depreciation and depletion per Schedule III	$ (3,317)
Assets Not Under Construction \| Gouldsboro, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	4,224
Initial Costs, Buildings and Improvements	29,473
Costs Capitalized Subsequent to Acquisition	2,643
Gross amount, Land	4,930
Total per Schedule III	31,410
Total real estate facilities gross amount per Schedule III	36,340
Accumulated depreciation and depletion per Schedule III	$ (9,441)
Assets Not Under Construction \| Grand Island, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	430
Initial Costs, Buildings and Improvements	6,542
Costs Capitalized Subsequent to Acquisition	(2,286)
Gross amount, Land	479
Total per Schedule III	4,207
Total real estate facilities gross amount per Schedule III	4,686
Accumulated depreciation and depletion per Schedule III	$ (2,005)
Assets Not Under Construction \| Green Bay, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	2,028
Costs Capitalized Subsequent to Acquisition	2,841
Gross amount, Land	69
Total per Schedule III	4,800
Total real estate facilities gross amount per Schedule III	4,869
Accumulated depreciation and depletion per Schedule III	$ (2,618)
Assets Not Under Construction \| Greenville, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	200
Initial Costs, Buildings and Improvements	1,108
Costs Capitalized Subsequent to Acquisition	396
Gross amount, Land	203
Total per Schedule III	1,501
Total real estate facilities gross amount per Schedule III	1,704
Accumulated depreciation and depletion per Schedule III	$ (1,225)
Assets Not Under Construction \| Hatfield, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	5,002
Initial Costs, Buildings and Improvements	28,286
Costs Capitalized Subsequent to Acquisition	9,461
Gross amount, Land	5,795
Total per Schedule III	36,954
Total real estate facilities gross amount per Schedule III	42,749
Accumulated depreciation and depletion per Schedule III	$ (13,412)
Assets Not Under Construction \| Henderson, NV
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	9,043
Initial Costs, Buildings and Improvements	14,415
Costs Capitalized Subsequent to Acquisition	1,082
Gross amount, Land	9,048
Total per Schedule III	15,492
Total real estate facilities gross amount per Schedule III	24,540
Accumulated depreciation and depletion per Schedule III	$ (5,221)
Assets Not Under Construction \| Hermiston, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 32,851
Initial Costs, Land	1,322
Initial Costs, Buildings and Improvements	7,107
Costs Capitalized Subsequent to Acquisition	425
Gross amount, Land	1,378
Total per Schedule III	7,476
Total real estate facilities gross amount per Schedule III	8,854
Accumulated depreciation and depletion per Schedule III	$ (3,045)
Assets Not Under Construction \| Houston, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,454
Initial Costs, Buildings and Improvements	10,084
Costs Capitalized Subsequent to Acquisition	1,264
Gross amount, Land	1,525
Total per Schedule III	11,277
Total real estate facilities gross amount per Schedule III	12,802
Accumulated depreciation and depletion per Schedule III	$ (3,703)
Assets Not Under Construction \| Indianapolis, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	4
Encumbrances	$ 0
Initial Costs, Land	1,897
Initial Costs, Buildings and Improvements	18,991
Costs Capitalized Subsequent to Acquisition	19,772
Gross amount, Land	3,860
Total per Schedule III	36,800
Total real estate facilities gross amount per Schedule III	40,660
Accumulated depreciation and depletion per Schedule III	$ (13,090)
Assets Not Under Construction \| Jefferson, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	1,553
Initial Costs, Buildings and Improvements	19,805
Costs Capitalized Subsequent to Acquisition	1,676
Gross amount, Land	1,880
Total per Schedule III	21,154
Total real estate facilities gross amount per Schedule III	23,034
Accumulated depreciation and depletion per Schedule III	$ (8,585)
Assets Not Under Construction \| Johnson, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	6,159
Initial Costs, Buildings and Improvements	24,802
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	6,159
Total per Schedule III	24,802
Total real estate facilities gross amount per Schedule III	30,961
Accumulated depreciation and depletion per Schedule III	$ (807)
Assets Not Under Construction \| Lakeville, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	4,000
Initial Costs, Buildings and Improvements	47,790
Costs Capitalized Subsequent to Acquisition	33
Gross amount, Land	4,000
Total per Schedule III	47,823
Total real estate facilities gross amount per Schedule III	51,823
Accumulated depreciation and depletion per Schedule III	$ (1,084)
Assets Not Under Construction \| Lancaster, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,203
Initial Costs, Buildings and Improvements	15,670
Costs Capitalized Subsequent to Acquisition	758
Gross amount, Land	2,371
Total per Schedule III	16,260
Total real estate facilities gross amount per Schedule III	18,631
Accumulated depreciation and depletion per Schedule III	$ (5,306)
Assets Not Under Construction \| LaPorte, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,945
Initial Costs, Buildings and Improvements	19,263
Costs Capitalized Subsequent to Acquisition	2,863
Gross amount, Land	3,332
Total per Schedule III	21,739
Total real estate facilities gross amount per Schedule III	25,071
Accumulated depreciation and depletion per Schedule III	$ (7,560)
Assets Not Under Construction \| Le Mars, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,000
Initial Costs, Buildings and Improvements	12,596
Costs Capitalized Subsequent to Acquisition	176
Gross amount, Land	1,107
Total per Schedule III	12,665
Total real estate facilities gross amount per Schedule III	13,772
Accumulated depreciation and depletion per Schedule III	$ (345)
Assets Not Under Construction \| Leesport, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,206
Initial Costs, Buildings and Improvements	14,112
Costs Capitalized Subsequent to Acquisition	11,913
Gross amount, Land	1,677
Total per Schedule III	25,554
Total real estate facilities gross amount per Schedule III	27,231
Accumulated depreciation and depletion per Schedule III	$ (7,428)
Assets Not Under Construction \| Lowell, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,610
Initial Costs, Buildings and Improvements	31,984
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	2,610
Total per Schedule III	31,984
Total real estate facilities gross amount per Schedule III	34,594
Accumulated depreciation and depletion per Schedule III	$ (833)
Assets Not Under Construction \| Lula, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	3,864
Initial Costs, Buildings and Improvements	35,382
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	3,864
Total per Schedule III	35,382
Total real estate facilities gross amount per Schedule III	39,246
Accumulated depreciation and depletion per Schedule III	$ (954)
Assets Not Under Construction \| Lynden, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	5
Encumbrances	$ 0
Initial Costs, Land	1,420
Initial Costs, Buildings and Improvements	8,590
Costs Capitalized Subsequent to Acquisition	964
Gross amount, Land	1,430
Total per Schedule III	9,544
Total real estate facilities gross amount per Schedule III	10,974
Accumulated depreciation and depletion per Schedule III	$ (3,838)
Assets Not Under Construction \| Marshall, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 10,544
Initial Costs, Land	741
Initial Costs, Buildings and Improvements	10,304
Costs Capitalized Subsequent to Acquisition	379
Gross amount, Land	826
Total per Schedule III	10,598
Total real estate facilities gross amount per Schedule III	11,424
Accumulated depreciation and depletion per Schedule III	$ (4,225)
Assets Not Under Construction \| Massillon 17th, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	175
Initial Costs, Buildings and Improvements	15,322
Costs Capitalized Subsequent to Acquisition	498
Gross amount, Land	414
Total per Schedule III	15,581
Total real estate facilities gross amount per Schedule III	15,995
Accumulated depreciation and depletion per Schedule III	$ (5,753)
Assets Not Under Construction \| Massillon Erie, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	1,988
Costs Capitalized Subsequent to Acquisition	516
Gross amount, Land	0
Total per Schedule III	2,504
Total real estate facilities gross amount per Schedule III	2,504
Accumulated depreciation and depletion per Schedule III	$ (2,465)
Assets Not Under Construction \| Memphis Chelsea , TN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	0
Encumbrances	$ 0
Initial Costs, Land	80
Initial Costs, Buildings and Improvements	2
Costs Capitalized Subsequent to Acquisition	(81)
Gross amount, Land	0
Total per Schedule III	1
Total real estate facilities gross amount per Schedule III	1
Accumulated depreciation and depletion per Schedule III	$ (1)
Assets Not Under Construction \| Middleboro, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	404
Initial Costs, Buildings and Improvements	15,031
Costs Capitalized Subsequent to Acquisition	155
Gross amount, Land	435
Total per Schedule III	15,155
Total real estate facilities gross amount per Schedule III	15,590
Accumulated depreciation and depletion per Schedule III	$ (514)
Assets Not Under Construction \| Milwaukie, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	2,473
Initial Costs, Buildings and Improvements	8,112
Costs Capitalized Subsequent to Acquisition	1,639
Gross amount, Land	2,483
Total per Schedule III	9,741
Total real estate facilities gross amount per Schedule III	12,224
Accumulated depreciation and depletion per Schedule III	$ (5,726)
Assets Not Under Construction \| Mobile, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	10
Initial Costs, Buildings and Improvements	3,203
Costs Capitalized Subsequent to Acquisition	765
Gross amount, Land	17
Total per Schedule III	3,961
Total real estate facilities gross amount per Schedule III	3,978
Accumulated depreciation and depletion per Schedule III	$ (1,474)
Assets Not Under Construction \| Modesto, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	6
Encumbrances	$ 0
Initial Costs, Land	2,428
Initial Costs, Buildings and Improvements	19,594
Costs Capitalized Subsequent to Acquisition	4,491
Gross amount, Land	2,915
Total per Schedule III	23,598
Total real estate facilities gross amount per Schedule III	26,513
Accumulated depreciation and depletion per Schedule III	$ (10,426)
Assets Not Under Construction \| Monmouth, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,660
Initial Costs, Buildings and Improvements	48,348
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	2,660
Total per Schedule III	48,348
Total real estate facilities gross amount per Schedule III	51,008
Accumulated depreciation and depletion per Schedule III	$ (910)
Assets Not Under Construction \| Montgomery, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 6,689
Initial Costs, Land	850
Initial Costs, Buildings and Improvements	7,746
Costs Capitalized Subsequent to Acquisition	(505)
Gross amount, Land	1,157
Total per Schedule III	6,934
Total real estate facilities gross amount per Schedule III	8,091
Accumulated depreciation and depletion per Schedule III	$ (2,449)
Assets Not Under Construction \| Moses Lake, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 30,357
Initial Costs, Land	575
Initial Costs, Buildings and Improvements	11,046
Costs Capitalized Subsequent to Acquisition	2,480
Gross amount, Land	1,140
Total per Schedule III	12,961
Total real estate facilities gross amount per Schedule III	14,101
Accumulated depreciation and depletion per Schedule III	$ (5,300)
Assets Not Under Construction \| Murfreesboro, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,094
Initial Costs, Buildings and Improvements	10,936
Costs Capitalized Subsequent to Acquisition	3,573
Gross amount, Land	1,332
Total per Schedule III	14,271
Total real estate facilities gross amount per Schedule III	15,603
Accumulated depreciation and depletion per Schedule III	$ (6,616)
Assets Not Under Construction \| Nampa, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	4
Encumbrances	$ 0
Initial Costs, Land	1,588
Initial Costs, Buildings and Improvements	11,864
Costs Capitalized Subsequent to Acquisition	2,099
Gross amount, Land	1,719
Total per Schedule III	13,832
Total real estate facilities gross amount per Schedule III	15,551
Accumulated depreciation and depletion per Schedule III	$ (7,523)
Assets Not Under Construction \| Napoleon, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,340
Initial Costs, Buildings and Improvements	57,677
Costs Capitalized Subsequent to Acquisition	34
Gross amount, Land	2,340
Total per Schedule III	57,711
Total real estate facilities gross amount per Schedule III	60,051
Accumulated depreciation and depletion per Schedule III	$ (1,284)
Assets Not Under Construction \| New Ulm, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	7
Encumbrances	$ 0
Initial Costs, Land	725
Initial Costs, Buildings and Improvements	10,405
Costs Capitalized Subsequent to Acquisition	1,109
Gross amount, Land	822
Total per Schedule III	11,417
Total real estate facilities gross amount per Schedule III	12,239
Accumulated depreciation and depletion per Schedule III	$ (4,032)
Assets Not Under Construction \| North Little Rock, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,680
Initial Costs, Buildings and Improvements	12,841
Costs Capitalized Subsequent to Acquisition	14,661
Gross amount, Land	2,226
Total per Schedule III	26,956
Total real estate facilities gross amount per Schedule III	29,182
Accumulated depreciation and depletion per Schedule III	$ (382)
Assets Not Under Construction \| Oklahoma City, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	742
Initial Costs, Buildings and Improvements	2,411
Costs Capitalized Subsequent to Acquisition	1,151
Gross amount, Land	742
Total per Schedule III	3,562
Total real estate facilities gross amount per Schedule III	4,304
Accumulated depreciation and depletion per Schedule III	$ (1,708)
Assets Not Under Construction \| Ontario, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	3
Encumbrances	$ 0
Initial Costs, Land	14,673
Initial Costs, Buildings and Improvements	3,632
Costs Capitalized Subsequent to Acquisition	24,506
Gross amount, Land	14,745
Total per Schedule III	28,066
Total real estate facilities gross amount per Schedule III	42,811
Accumulated depreciation and depletion per Schedule III	$ (12,139)
Assets Not Under Construction \| Ontario, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	4
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	13,791
Costs Capitalized Subsequent to Acquisition	9,127
Gross amount, Land	1,264
Total per Schedule III	21,654
Total real estate facilities gross amount per Schedule III	22,918
Accumulated depreciation and depletion per Schedule III	$ (13,095)
Assets Not Under Construction \| Pasco, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	557
Initial Costs, Buildings and Improvements	15,809
Costs Capitalized Subsequent to Acquisition	413
Gross amount, Land	588
Total per Schedule III	16,191
Total real estate facilities gross amount per Schedule III	16,779
Accumulated depreciation and depletion per Schedule III	$ (5,347)
Assets Not Under Construction \| Pendergrass, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	500
Initial Costs, Buildings and Improvements	12,810
Costs Capitalized Subsequent to Acquisition	2,649
Gross amount, Land	580
Total per Schedule III	15,379
Total real estate facilities gross amount per Schedule III	15,959
Accumulated depreciation and depletion per Schedule III	$ (6,149)
Assets Not Under Construction \| Perryville, MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,626
Initial Costs, Buildings and Improvements	19,083
Costs Capitalized Subsequent to Acquisition	8
Gross amount, Land	1,626
Total per Schedule III	19,091
Total real estate facilities gross amount per Schedule III	20,717
Accumulated depreciation and depletion per Schedule III	$ (58)
Assets Not Under Construction \| Phoenix2, AZ
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	3,182
Initial Costs, Buildings and Improvements	11,312
Costs Capitalized Subsequent to Acquisition	28
Gross amount, Land	3,182
Total per Schedule III	11,340
Total real estate facilities gross amount per Schedule III	14,522
Accumulated depreciation and depletion per Schedule III	$ (2,245)
Assets Not Under Construction \| Piedmont, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	500
Initial Costs, Buildings and Improvements	9,883
Costs Capitalized Subsequent to Acquisition	1,441
Gross amount, Land	506
Total per Schedule III	11,318
Total real estate facilities gross amount per Schedule III	11,824
Accumulated depreciation and depletion per Schedule III	$ (4,655)
Assets Not Under Construction \| Plover, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 34,297
Initial Costs, Land	1,390
Initial Costs, Buildings and Improvements	18,298
Costs Capitalized Subsequent to Acquisition	5,024
Gross amount, Land	1,994
Total per Schedule III	22,718
Total real estate facilities gross amount per Schedule III	24,712
Accumulated depreciation and depletion per Schedule III	$ (9,901)
Assets Not Under Construction \| Portland, ME
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	305
Initial Costs, Buildings and Improvements	2,402
Costs Capitalized Subsequent to Acquisition	917
Gross amount, Land	316
Total per Schedule III	3,308
Total real estate facilities gross amount per Schedule III	3,624
Accumulated depreciation and depletion per Schedule III	$ (1,042)
Assets Not Under Construction \| Rochelle, IL (Americold Drive)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,860
Initial Costs, Buildings and Improvements	18,178
Costs Capitalized Subsequent to Acquisition	48,054
Gross amount, Land	4,326
Total per Schedule III	63,766
Total real estate facilities gross amount per Schedule III	68,092
Accumulated depreciation and depletion per Schedule III	$ (9,330)
Assets Not Under Construction \| Rochelle, IL (Caron)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,071
Initial Costs, Buildings and Improvements	36,658
Costs Capitalized Subsequent to Acquisition	734
Gross amount, Land	2,213
Total per Schedule III	37,250
Total real estate facilities gross amount per Schedule III	39,463
Accumulated depreciation and depletion per Schedule III	$ (14,631)
Assets Not Under Construction \| Russellville, AR - Elmira
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,261
Initial Costs, Buildings and Improvements	9,910
Costs Capitalized Subsequent to Acquisition	3,185
Gross amount, Land	1,352
Total per Schedule III	13,004
Total real estate facilities gross amount per Schedule III	14,356
Accumulated depreciation and depletion per Schedule III	$ (6,199)
Assets Not Under Construction \| Russellville, AR - Route 324
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,467
Initial Costs, Buildings and Improvements	29,179
Costs Capitalized Subsequent to Acquisition	(71)
Gross amount, Land	2,494
Total per Schedule III	29,081
Total real estate facilities gross amount per Schedule III	31,575
Accumulated depreciation and depletion per Schedule III	$ (730)
Assets Not Under Construction \| Russellville, AR - Valley
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	708
Initial Costs, Buildings and Improvements	15,832
Costs Capitalized Subsequent to Acquisition	2,466
Gross amount, Land	708
Total per Schedule III	18,298
Total real estate facilities gross amount per Schedule III	19,006
Accumulated depreciation and depletion per Schedule III	$ (5,829)
Assets Not Under Construction \| Salem, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	4
Encumbrances	$ 39,370
Initial Costs, Land	3,055
Initial Costs, Buildings and Improvements	21,096
Costs Capitalized Subsequent to Acquisition	3,534
Gross amount, Land	3,211
Total per Schedule III	24,474
Total real estate facilities gross amount per Schedule III	27,685
Accumulated depreciation and depletion per Schedule III	$ (11,419)
Assets Not Under Construction \| Salinas, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	5
Encumbrances	$ 0
Initial Costs, Land	7,244
Initial Costs, Buildings and Improvements	7,181
Costs Capitalized Subsequent to Acquisition	9,670
Gross amount, Land	8,098
Total per Schedule III	15,997
Total real estate facilities gross amount per Schedule III	24,095
Accumulated depreciation and depletion per Schedule III	$ (6,268)
Assets Not Under Construction \| Salt Lake City, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	22,481
Costs Capitalized Subsequent to Acquisition	3,767
Gross amount, Land	0
Total per Schedule III	26,248
Total real estate facilities gross amount per Schedule III	26,248
Accumulated depreciation and depletion per Schedule III	$ (14,083)
Assets Not Under Construction \| San Antonio - HEB, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,014
Initial Costs, Buildings and Improvements	22,902
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	2,014
Total per Schedule III	22,902
Total real estate facilities gross amount per Schedule III	24,916
Accumulated depreciation and depletion per Schedule III	$ (3,424)
Assets Not Under Construction \| San Antonio, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	3
Encumbrances	$ 0
Initial Costs, Land	1,894
Initial Costs, Buildings and Improvements	11,101
Costs Capitalized Subsequent to Acquisition	2,566
Gross amount, Land	2,021
Total per Schedule III	13,540
Total real estate facilities gross amount per Schedule III	15,561
Accumulated depreciation and depletion per Schedule III	$ (7,666)
Assets Not Under Construction \| Sanford, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	3,110
Initial Costs, Buildings and Improvements	34,104
Costs Capitalized Subsequent to Acquisition	23
Gross amount, Land	3,110
Total per Schedule III	34,127
Total real estate facilities gross amount per Schedule III	37,237
Accumulated depreciation and depletion per Schedule III	$ (794)
Assets Not Under Construction \| Savannah, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	20,715
Initial Costs, Buildings and Improvements	10,456
Costs Capitalized Subsequent to Acquisition	52
Gross amount, Land	20,715
Total per Schedule III	10,508
Total real estate facilities gross amount per Schedule III	31,223
Accumulated depreciation and depletion per Schedule III	$ (433)
Assets Not Under Construction \| Sebree, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	638
Initial Costs, Buildings and Improvements	7,895
Costs Capitalized Subsequent to Acquisition	635
Gross amount, Land	638
Total per Schedule III	8,530
Total real estate facilities gross amount per Schedule III	9,168
Accumulated depreciation and depletion per Schedule III	$ (2,731)
Assets Not Under Construction \| Sikeston, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	258
Initial Costs, Buildings and Improvements	11,936
Costs Capitalized Subsequent to Acquisition	2,685
Gross amount, Land	2,339
Total per Schedule III	12,540
Total real estate facilities gross amount per Schedule III	14,879
Accumulated depreciation and depletion per Schedule III	$ (4,428)
Assets Not Under Construction \| Sioux City - 2640, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	5,951
Initial Costs, Buildings and Improvements	28,391
Costs Capitalized Subsequent to Acquisition	101
Gross amount, Land	5,951
Total per Schedule III	28,492
Total real estate facilities gross amount per Schedule III	34,443
Accumulated depreciation and depletion per Schedule III	$ (902)
Assets Not Under Construction \| Sioux City - 2900, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	3,070
Initial Costs, Buildings and Improvements	56,336
Costs Capitalized Subsequent to Acquisition	30
Gross amount, Land	3,070
Total per Schedule III	56,366
Total real estate facilities gross amount per Schedule III	59,436
Accumulated depreciation and depletion per Schedule III	$ (1,385)
Assets Not Under Construction \| Sioux Falls, SD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	856
Initial Costs, Buildings and Improvements	4,780
Costs Capitalized Subsequent to Acquisition	3,901
Gross amount, Land	1,039
Total per Schedule III	8,498
Total real estate facilities gross amount per Schedule III	9,537
Accumulated depreciation and depletion per Schedule III	$ (4,183)
Assets Not Under Construction \| Springdale, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 7,851
Initial Costs, Land	844
Initial Costs, Buildings and Improvements	10,754
Costs Capitalized Subsequent to Acquisition	1,299
Gross amount, Land	872
Total per Schedule III	12,025
Total real estate facilities gross amount per Schedule III	12,897
Accumulated depreciation and depletion per Schedule III	$ (4,951)
Assets Not Under Construction \| St. Louis, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	2,082
Initial Costs, Buildings and Improvements	7,566
Costs Capitalized Subsequent to Acquisition	1,950
Gross amount, Land	2,198
Total per Schedule III	9,400
Total real estate facilities gross amount per Schedule III	11,598
Accumulated depreciation and depletion per Schedule III	$ (3,079)
Assets Not Under Construction \| St. Paul, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	1,800
Initial Costs, Buildings and Improvements	12,129
Costs Capitalized Subsequent to Acquisition	658
Gross amount, Land	1,800
Total per Schedule III	12,787
Total real estate facilities gross amount per Schedule III	14,587
Accumulated depreciation and depletion per Schedule III	$ (5,148)
Assets Not Under Construction \| Strasburg, VA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,551
Initial Costs, Buildings and Improvements	15,038
Costs Capitalized Subsequent to Acquisition	1,526
Gross amount, Land	1,592
Total per Schedule III	16,523
Total real estate facilities gross amount per Schedule III	18,115
Accumulated depreciation and depletion per Schedule III	$ (5,554)
Assets Not Under Construction \| Sunter, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	530
Initial Costs, Buildings and Improvements	8,738
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	530
Total per Schedule III	8,738
Total real estate facilities gross amount per Schedule III	9,268
Accumulated depreciation and depletion per Schedule III	$ (306)
Assets Not Under Construction \| Syracuse, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	2,177
Initial Costs, Buildings and Improvements	20,056
Costs Capitalized Subsequent to Acquisition	5,659
Gross amount, Land	2,420
Total per Schedule III	25,472
Total real estate facilities gross amount per Schedule III	27,892
Accumulated depreciation and depletion per Schedule III	$ (9,581)
Assets Not Under Construction \| Tacoma, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	21,216
Costs Capitalized Subsequent to Acquisition	2,443
Gross amount, Land	27
Total per Schedule III	23,632
Total real estate facilities gross amount per Schedule III	23,659
Accumulated depreciation and depletion per Schedule III	$ (7,605)
Assets Not Under Construction \| Tampa Plant City, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	1,333
Initial Costs, Buildings and Improvements	11,836
Costs Capitalized Subsequent to Acquisition	696
Gross amount, Land	1,380
Total per Schedule III	12,485
Total real estate facilities gross amount per Schedule III	13,865
Accumulated depreciation and depletion per Schedule III	$ (4,350)
Assets Not Under Construction \| Tarboro, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 17,545
Initial Costs, Land	1,078
Initial Costs, Buildings and Improvements	9,586
Costs Capitalized Subsequent to Acquisition	1,030
Gross amount, Land	1,225
Total per Schedule III	10,469
Total real estate facilities gross amount per Schedule III	11,694
Accumulated depreciation and depletion per Schedule III	$ (3,756)
Assets Not Under Construction \| Taunton, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,477
Initial Costs, Buildings and Improvements	14,159
Costs Capitalized Subsequent to Acquisition	1,032
Gross amount, Land	1,695
Total per Schedule III	14,973
Total real estate facilities gross amount per Schedule III	16,668
Accumulated depreciation and depletion per Schedule III	$ (4,914)
Assets Not Under Construction \| Texarkana, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 3,628
Initial Costs, Land	842
Initial Costs, Buildings and Improvements	11,169
Costs Capitalized Subsequent to Acquisition	1,442
Gross amount, Land	921
Total per Schedule III	12,532
Total real estate facilities gross amount per Schedule III	13,453
Accumulated depreciation and depletion per Schedule III	$ (4,079)
Assets Not Under Construction \| Tomah, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 19,047
Initial Costs, Land	886
Initial Costs, Buildings and Improvements	10,715
Costs Capitalized Subsequent to Acquisition	422
Gross amount, Land	923
Total per Schedule III	11,100
Total real estate facilities gross amount per Schedule III	12,023
Accumulated depreciation and depletion per Schedule III	$ (4,546)
Assets Not Under Construction \| Turlock, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	944
Initial Costs, Buildings and Improvements	4,056
Costs Capitalized Subsequent to Acquisition	290
Gross amount, Land	967
Total per Schedule III	4,323
Total real estate facilities gross amount per Schedule III	5,290
Accumulated depreciation and depletion per Schedule III	$ (1,970)
Assets Not Under Construction \| Turlock, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	3,091
Initial Costs, Buildings and Improvements	7,004
Costs Capitalized Subsequent to Acquisition	1,449
Gross amount, Land	3,116
Total per Schedule III	8,428
Total real estate facilities gross amount per Schedule III	11,544
Accumulated depreciation and depletion per Schedule III	$ (3,457)
Assets Not Under Construction \| Vernon 2, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	8,100
Initial Costs, Buildings and Improvements	13,490
Costs Capitalized Subsequent to Acquisition	3,181
Gross amount, Land	8,112
Total per Schedule III	16,659
Total real estate facilities gross amount per Schedule III	24,771
Accumulated depreciation and depletion per Schedule III	$ (7,383)
Assets Not Under Construction \| Victorville, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,810
Initial Costs, Buildings and Improvements	22,811
Costs Capitalized Subsequent to Acquisition	1,075
Gross amount, Land	2,810
Total per Schedule III	23,886
Total real estate facilities gross amount per Schedule III	26,696
Accumulated depreciation and depletion per Schedule III	$ (8,359)
Assets Not Under Construction \| Waco, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	0
Encumbrances	$ 0
Initial Costs, Land	3,003
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	504
Gross amount, Land	3,507
Total per Schedule III	0
Total real estate facilities gross amount per Schedule III	3,507
Accumulated depreciation and depletion per Schedule III	$ 0
Assets Not Under Construction \| Walla Walla, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	215
Initial Costs, Buildings and Improvements	4,693
Costs Capitalized Subsequent to Acquisition	610
Gross amount, Land	159
Total per Schedule III	5,359
Total real estate facilities gross amount per Schedule III	5,518
Accumulated depreciation and depletion per Schedule III	$ (3,107)
Assets Not Under Construction \| Wallula, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	690
Initial Costs, Buildings and Improvements	2,645
Costs Capitalized Subsequent to Acquisition	727
Gross amount, Land	711
Total per Schedule III	3,351
Total real estate facilities gross amount per Schedule III	4,062
Accumulated depreciation and depletion per Schedule III	$ (1,217)
Assets Not Under Construction \| Watsonville, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	8,138
Costs Capitalized Subsequent to Acquisition	424
Gross amount, Land	21
Total per Schedule III	8,541
Total real estate facilities gross amount per Schedule III	8,562
Accumulated depreciation and depletion per Schedule III	$ (7,477)
Assets Not Under Construction \| West Memphis, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,460
Initial Costs, Buildings and Improvements	12,300
Costs Capitalized Subsequent to Acquisition	2,766
Gross amount, Land	2,284
Total per Schedule III	14,242
Total real estate facilities gross amount per Schedule III	16,526
Accumulated depreciation and depletion per Schedule III	$ (5,857)
Assets Not Under Construction \| Wichita, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,297
Initial Costs, Buildings and Improvements	4,717
Costs Capitalized Subsequent to Acquisition	1,355
Gross amount, Land	1,432
Total per Schedule III	5,937
Total real estate facilities gross amount per Schedule III	7,369
Accumulated depreciation and depletion per Schedule III	$ (2,752)
Assets Not Under Construction \| Woodburn, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,552
Initial Costs, Buildings and Improvements	9,860
Costs Capitalized Subsequent to Acquisition	2,561
Gross amount, Land	1,627
Total per Schedule III	12,346
Total real estate facilities gross amount per Schedule III	13,973
Accumulated depreciation and depletion per Schedule III	$ (4,535)
Assets Not Under Construction \| York, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	3,838
Initial Costs, Buildings and Improvements	36,621
Costs Capitalized Subsequent to Acquisition	2,169
Gross amount, Land	4,063
Total per Schedule III	38,565
Total real estate facilities gross amount per Schedule III	42,628
Accumulated depreciation and depletion per Schedule III	$ (14,487)
Assets Not Under Construction \| York-Willow Springs, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,300
Initial Costs, Buildings and Improvements	7,351
Costs Capitalized Subsequent to Acquisition	380
Gross amount, Land	1,315
Total per Schedule III	7,716
Total real estate facilities gross amount per Schedule III	9,031
Accumulated depreciation and depletion per Schedule III	$ (3,205)
Assets Not Under Construction \| Zumbrota, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	3
Encumbrances	$ 0
Initial Costs, Land	800
Initial Costs, Buildings and Improvements	10,360
Costs Capitalized Subsequent to Acquisition	1,572
Gross amount, Land	800
Total per Schedule III	11,932
Total real estate facilities gross amount per Schedule III	12,732
Accumulated depreciation and depletion per Schedule III	$ (3,926)
Assets Not Under Construction \| Cold Logic/Taber
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	0
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	12
Costs Capitalized Subsequent to Acquisition	3,554
Gross amount, Land	92
Total per Schedule III	3,474
Total real estate facilities gross amount per Schedule III	3,566
Accumulated depreciation and depletion per Schedule III	$ (1,798)
Assets Not Under Construction \| Arndell Park
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	13,489
Initial Costs, Buildings and Improvements	29,428
Costs Capitalized Subsequent to Acquisition	397
Gross amount, Land	11,783
Total per Schedule III	31,531
Total real estate facilities gross amount per Schedule III	43,314
Accumulated depreciation and depletion per Schedule III	$ (9,757)
Assets Not Under Construction \| BRIS CORPORATE-Acacia Ridge
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	279
Gross amount, Land	0
Total per Schedule III	279
Total real estate facilities gross amount per Schedule III	279
Accumulated depreciation and depletion per Schedule III	$ (279)
Assets Not Under Construction \| Laverton
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	13,689
Initial Costs, Buildings and Improvements	28,252
Costs Capitalized Subsequent to Acquisition	5,765
Gross amount, Land	11,958
Total per Schedule III	35,748
Total real estate facilities gross amount per Schedule III	47,706
Accumulated depreciation and depletion per Schedule III	$ (11,116)
Assets Not Under Construction \| Murarrie
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	3
Encumbrances	$ 0
Initial Costs, Land	10,891
Initial Costs, Buildings and Improvements	18,975
Costs Capitalized Subsequent to Acquisition	(2,995)
Gross amount, Land	9,514
Total per Schedule III	17,357
Total real estate facilities gross amount per Schedule III	26,871
Accumulated depreciation and depletion per Schedule III	$ (5,943)
Assets Not Under Construction \| Prospect/ASC Corporate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	1,187
Costs Capitalized Subsequent to Acquisition	19,126
Gross amount, Land	7,475
Total per Schedule III	12,838
Total real estate facilities gross amount per Schedule III	20,313
Accumulated depreciation and depletion per Schedule III	$ (3,911)
Assets Not Under Construction \| Spearwood
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	7,194
Initial Costs, Buildings and Improvements	10,990
Costs Capitalized Subsequent to Acquisition	(1,462)
Gross amount, Land	6,284
Total per Schedule III	10,438
Total real estate facilities gross amount per Schedule III	16,722
Accumulated depreciation and depletion per Schedule III	$ (4,134)
Assets Not Under Construction \| Wetherill Park
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	0
Encumbrances	$ 0
Initial Costs, Land	45,301
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	45,301
Total per Schedule III	0
Total real estate facilities gross amount per Schedule III	45,301
Accumulated depreciation and depletion per Schedule III	$ 0
Assets Not Under Construction \| Dalgety
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	6,047
Initial Costs, Buildings and Improvements	5,531
Costs Capitalized Subsequent to Acquisition	777
Gross amount, Land	6,303
Total per Schedule III	6,052
Total real estate facilities gross amount per Schedule III	12,355
Accumulated depreciation and depletion per Schedule III	$ (1,882)
Assets Not Under Construction \| Diversey
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	2,357
Initial Costs, Buildings and Improvements	5,966
Costs Capitalized Subsequent to Acquisition	797
Gross amount, Land	2,457
Total per Schedule III	6,663
Total real estate facilities gross amount per Schedule III	9,120
Accumulated depreciation and depletion per Schedule III	$ (2,132)
Assets Not Under Construction \| Halwyn Dr
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	5,227
Initial Costs, Buildings and Improvements	3,399
Costs Capitalized Subsequent to Acquisition	812
Gross amount, Land	5,448
Total per Schedule III	3,990
Total real estate facilities gross amount per Schedule III	9,438
Accumulated depreciation and depletion per Schedule III	$ (1,579)
Assets Not Under Construction \| Mako Mako
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	1,332
Initial Costs, Buildings and Improvements	3,810
Costs Capitalized Subsequent to Acquisition	249
Gross amount, Land	1,389
Total per Schedule III	4,002
Total real estate facilities gross amount per Schedule III	5,391
Accumulated depreciation and depletion per Schedule III	$ (1,225)
Assets Not Under Construction \| Manutapu/Barber Akld
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	343
Costs Capitalized Subsequent to Acquisition	525
Gross amount, Land	0
Total per Schedule III	868
Total real estate facilities gross amount per Schedule III	868
Accumulated depreciation and depletion per Schedule III	$ (783)
Assets Not Under Construction \| Paisley
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	2
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	185
Costs Capitalized Subsequent to Acquisition	1,036
Gross amount, Land	0
Total per Schedule III	1,221
Total real estate facilities gross amount per Schedule III	1,221
Accumulated depreciation and depletion per Schedule III	$ (915)
Assets Not Under Construction \| Smarts Rd
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	247
Costs Capitalized Subsequent to Acquisition	962
Gross amount, Land	0
Total per Schedule III	1,209
Total real estate facilities gross amount per Schedule III	1,209
Accumulated depreciation and depletion per Schedule III	$ (735)
Assets Not Under Construction \| Mercado Central - Buenos Aires, ARG
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	4,984
Costs Capitalized Subsequent to Acquisition	(2,625)
Gross amount, Land	0
Total per Schedule III	2,359
Total real estate facilities gross amount per Schedule III	2,359
Accumulated depreciation and depletion per Schedule III	$ (1,202)
Assets Not Under Construction \| Pilar - Buenos Aires, ARG
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Buildings \| building	1
Encumbrances	$ 0
Initial Costs, Land	706
Initial Costs, Buildings and Improvements	2,586
Costs Capitalized Subsequent to Acquisition	(2,216)
Gross amount, Land	667
Total per Schedule III	409
Total real estate facilities gross amount per Schedule III	1,076
Accumulated depreciation and depletion per Schedule III	$ (98)
Assets Not Under Construction \| Minimum \| Albertville, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Allentown, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Amarillo, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Anaheim, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Appleton, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Atlanta - Lakewood, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Atlanta - Skygate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Atlanta - Southgate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Atlanta - Tradewater, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Atlanta - Westgate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Atlanta, GA - Corporate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Augusta, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Babcock, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Bartow, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Belvidere-Imron, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Belvidere-Landmark, IL (Cross Dock)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Benson, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Birmingham, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Boston, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Brea, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Brooklyn Park, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Burley, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Burlington, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Carson, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Cartersville, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Carthage Quarry, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Carthage Warehouse Dist, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Chambersburg, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| City of Industry, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Clearfield, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Clearfield 2, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Columbia, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Columbus, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Connell, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Dallas, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Delhi, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Denver-50th Street, CO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Dominguez Hills, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Douglas, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Eagan, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| East Dubuque, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| East Point, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Fairfield, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Fairmont, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Fort Dodge, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Fort Smith, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Fort Smith - Highway 45, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Fort Worth-Blue Mound, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Fort Worth-Samuels, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Fremont, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Ft. Worth, TX (Meacham)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Ft. Worth, TX (Railhead)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Gadsden, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Gaffney, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Gainesville, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Gainesville - Candler, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Garden City, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Gateway, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Geneva Lakes, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Gloucester - Rogers, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Gloucester - Rowe, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Gouldsboro, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Grand Island, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Green Bay, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Greenville, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Hatfield, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Henderson, NV
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Hermiston, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Houston, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Indianapolis, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Jefferson, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Johnson, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Lakeville, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Lancaster, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| LaPorte, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Le Mars, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Leesport, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Lowell, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Lula, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Lynden, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Marshall, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Massillon 17th, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Massillon Erie, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Memphis Chelsea , TN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Middleboro, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Milwaukie, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Mobile, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Modesto, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Monmouth, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Montgomery, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Moses Lake, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Murfreesboro, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Nampa, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Napoleon, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| New Ulm, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| North Little Rock, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Oklahoma City, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Ontario, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Ontario, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Pasco, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Pendergrass, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Perryville, MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Piedmont, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Plover, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Portland, ME
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Rochelle, IL (Americold Drive)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Rochelle, IL (Caron)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Russellville, AR - Elmira
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Russellville, AR - Route 324
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Russellville, AR - Valley
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Salem, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Salinas, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Salt Lake City, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| San Antonio - HEB, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| San Antonio, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Sanford, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Savannah, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Sebree, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Sikeston, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Sioux City - 2640, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Sioux City - 2900, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Sioux Falls, SD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Springdale, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| St. Louis, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| St. Paul, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Strasburg, VA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Sunter, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Syracuse, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Tacoma, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Tampa Plant City, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Tarboro, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Taunton, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Texarkana, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Tomah, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Turlock, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Turlock, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Vernon 2, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Victorville, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Walla Walla, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Wallula, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Watsonville, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| West Memphis, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Wichita, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Woodburn, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| York, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| York-Willow Springs, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Zumbrota, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Cold Logic/Taber
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Arndell Park
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| BRIS CORPORATE-Acacia Ridge
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Laverton
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Prospect/ASC Corporate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Spearwood
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Dalgety
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Diversey
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Halwyn Dr
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Mako Mako
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Manutapu/Barber Akld
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Paisley
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Smarts Rd
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Mercado Central - Buenos Aires, ARG
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Minimum \| Pilar - Buenos Aires, ARG
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	5 years
Assets Not Under Construction \| Maximum \| Albertville, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Allentown, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Amarillo, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Anaheim, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Appleton, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Atlanta - Lakewood, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Atlanta - Skygate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Atlanta - Southgate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Atlanta - Tradewater, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Atlanta - Westgate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Atlanta, GA - Corporate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Augusta, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Babcock, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Bartow, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Belvidere-Imron, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Belvidere-Landmark, IL (Cross Dock)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Benson, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Birmingham, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Boston, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Brea, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Brooklyn Park, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Burley, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Burlington, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Carson, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Cartersville, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Carthage Quarry, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Carthage Warehouse Dist, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Chambersburg, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| City of Industry, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Clearfield, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Clearfield 2, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Columbia, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Columbus, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Connell, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Dallas, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Delhi, LA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Denver-50th Street, CO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Dominguez Hills, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Douglas, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Eagan, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| East Dubuque, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| East Point, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Fairfield, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Fairmont, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Fort Dodge, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Fort Smith, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Fort Smith - Highway 45, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Fort Worth-Blue Mound, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Fort Worth-Samuels, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Fremont, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Ft. Worth, TX (Meacham)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Ft. Worth, TX (Railhead)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Gadsden, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Gaffney, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Gainesville, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Gainesville - Candler, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Garden City, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Gateway, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Geneva Lakes, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Gloucester - Rogers, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Gloucester - Rowe, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Gouldsboro, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Grand Island, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Green Bay, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Greenville, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Hatfield, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Henderson, NV
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Hermiston, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Houston, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Indianapolis, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Jefferson, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Johnson, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Lakeville, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Lancaster, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| LaPorte, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Le Mars, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Leesport, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Lowell, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Lula, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Lynden, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Marshall, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Massillon 17th, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Massillon Erie, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Memphis Chelsea , TN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Middleboro, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Milwaukie, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Mobile, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Modesto, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Monmouth, IL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Montgomery, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Moses Lake, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Murfreesboro, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Nampa, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Napoleon, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| New Ulm, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| North Little Rock, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Oklahoma City, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Ontario, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Ontario, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Pasco, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Pendergrass, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Perryville, MD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Piedmont, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Plover, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Portland, ME
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Rochelle, IL (Americold Drive)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Rochelle, IL (Caron)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Russellville, AR - Elmira
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Russellville, AR - Route 324
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Russellville, AR - Valley
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Salem, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Salinas, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Salt Lake City, UT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| San Antonio - HEB, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| San Antonio, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Sanford, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Savannah, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Sebree, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Sikeston, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Sioux City - 2640, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Sioux City - 2900, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Sioux Falls, SD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Springdale, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| St. Louis, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| St. Paul, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Strasburg, VA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Sunter, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Syracuse, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Tacoma, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Tampa Plant City, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Tarboro, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Taunton, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Texarkana, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Tomah, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Turlock, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Turlock, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Vernon 2, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Victorville, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Walla Walla, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Wallula, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Watsonville, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| West Memphis, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Wichita, KS
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Woodburn, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| York, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| York-Willow Springs, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Zumbrota, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Cold Logic/Taber
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Arndell Park
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| BRIS CORPORATE-Acacia Ridge
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Laverton
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Murarrie
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Prospect/ASC Corporate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Spearwood
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Dalgety
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Diversey
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Halwyn Dr
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Mako Mako
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Manutapu/Barber Akld
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Paisley
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Smarts Rd
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Mercado Central - Buenos Aires, ARG
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Not Under Construction \| Maximum \| Pilar - Buenos Aires, ARG
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	40 years
Assets Under Construction
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	98,703
Total real estate facilities gross amount per Schedule III	98,703
Assets Under Construction \| Allentown, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	89
Total real estate facilities gross amount per Schedule III	89
Assets Under Construction \| Amarillo, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	8
Total real estate facilities gross amount per Schedule III	8
Assets Under Construction \| Anaheim, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	180
Total real estate facilities gross amount per Schedule III	180
Assets Under Construction \| Appleton, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	66
Total real estate facilities gross amount per Schedule III	66
Assets Under Construction \| Atlanta - Lakewood, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	6
Total real estate facilities gross amount per Schedule III	6
Assets Under Construction \| Atlanta - Skygate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	7
Total real estate facilities gross amount per Schedule III	7
Assets Under Construction \| Atlanta - Southgate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	161
Total real estate facilities gross amount per Schedule III	161
Assets Under Construction \| Atlanta - Tradewater, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	16,724
Total real estate facilities gross amount per Schedule III	16,724
Assets Under Construction \| Atlanta - Westgate, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	757
Total real estate facilities gross amount per Schedule III	757
Assets Under Construction \| Atlanta, GA - Corporate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	620
Total real estate facilities gross amount per Schedule III	620
Assets Under Construction \| Benson, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	43
Total real estate facilities gross amount per Schedule III	43
Assets Under Construction \| Boston, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	392
Total real estate facilities gross amount per Schedule III	392
Assets Under Construction \| Brooklyn Park, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	3
Total real estate facilities gross amount per Schedule III	3
Assets Under Construction \| Cartersville, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	113
Total real estate facilities gross amount per Schedule III	113
Assets Under Construction \| City of Industry, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	430
Total real estate facilities gross amount per Schedule III	430
Assets Under Construction \| Columbia, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	8
Total real estate facilities gross amount per Schedule III	8
Assets Under Construction \| Columbus, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	502
Total real estate facilities gross amount per Schedule III	502
Assets Under Construction \| Dallas, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	186
Total real estate facilities gross amount per Schedule III	186
Assets Under Construction \| Dominguez Hills, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	7
Total real estate facilities gross amount per Schedule III	7
Assets Under Construction \| Eagan, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	70
Total real estate facilities gross amount per Schedule III	70
Assets Under Construction \| East Point, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	308
Total real estate facilities gross amount per Schedule III	308
Assets Under Construction \| Fairfield, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	48
Total real estate facilities gross amount per Schedule III	48
Assets Under Construction \| Fort Smith, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	31
Total real estate facilities gross amount per Schedule III	31
Assets Under Construction \| Fort Worth-Blue Mound, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	89
Total real estate facilities gross amount per Schedule III	89
Assets Under Construction \| Fort Worth-Samuels, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	754
Total real estate facilities gross amount per Schedule III	754
Assets Under Construction \| Fremont, NE
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	16
Total real estate facilities gross amount per Schedule III	16
Assets Under Construction \| Ft. Worth, TX (Meacham)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	846
Total real estate facilities gross amount per Schedule III	846
Assets Under Construction \| Ft. Worth, TX (Railhead)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	23
Total real estate facilities gross amount per Schedule III	23
Assets Under Construction \| Gadsden, AL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	7
Total real estate facilities gross amount per Schedule III	7
Assets Under Construction \| Gainesville - Candler, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	320
Total real estate facilities gross amount per Schedule III	320
Assets Under Construction \| Gateway, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	13,145
Total real estate facilities gross amount per Schedule III	13,145
Assets Under Construction \| Geneva Lakes, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	22
Total real estate facilities gross amount per Schedule III	22
Assets Under Construction \| Gloucester - Rogers, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	1,682
Total real estate facilities gross amount per Schedule III	1,682
Assets Under Construction \| Gloucester - Rowe, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	1,400
Total real estate facilities gross amount per Schedule III	1,400
Assets Under Construction \| Gouldsboro, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	3
Total real estate facilities gross amount per Schedule III	3
Assets Under Construction \| Green Bay, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	40
Total real estate facilities gross amount per Schedule III	40
Assets Under Construction \| Hatfield, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	215
Total real estate facilities gross amount per Schedule III	215
Assets Under Construction \| Henderson, NV
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	119
Total real estate facilities gross amount per Schedule III	119
Assets Under Construction \| Indianapolis, IN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	510
Total real estate facilities gross amount per Schedule III	510
Assets Under Construction \| Johnson, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	254
Total real estate facilities gross amount per Schedule III	254
Assets Under Construction \| Lakeville, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	51
Total real estate facilities gross amount per Schedule III	51
Assets Under Construction \| Lancaster, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	125
Total real estate facilities gross amount per Schedule III	125
Assets Under Construction \| LaPorte, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	594
Total real estate facilities gross amount per Schedule III	594
Assets Under Construction \| Le Mars, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	25
Total real estate facilities gross amount per Schedule III	25
Assets Under Construction \| Leesport, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	11
Total real estate facilities gross amount per Schedule III	11
Assets Under Construction \| Lynden, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	74
Total real estate facilities gross amount per Schedule III	74
Assets Under Construction \| Marshall, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	66
Total real estate facilities gross amount per Schedule III	66
Assets Under Construction \| Massillon 17th, OH
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	19
Total real estate facilities gross amount per Schedule III	19
Assets Under Construction \| Middleboro, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	89
Total real estate facilities gross amount per Schedule III	89
Assets Under Construction \| Modesto, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	598
Total real estate facilities gross amount per Schedule III	598
Assets Under Construction \| Moses Lake, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	34
Total real estate facilities gross amount per Schedule III	34
Assets Under Construction \| Murfreesboro, TN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	121
Total real estate facilities gross amount per Schedule III	121
Assets Under Construction \| Nampa, ID
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	133
Total real estate facilities gross amount per Schedule III	133
Assets Under Construction \| New Ulm, MN
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	56
Total real estate facilities gross amount per Schedule III	56
Assets Under Construction \| North Little Rock, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	236
Total real estate facilities gross amount per Schedule III	236
Assets Under Construction \| Oklahoma City, OK
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	73
Total real estate facilities gross amount per Schedule III	73
Assets Under Construction \| Ontario, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	2,718
Total real estate facilities gross amount per Schedule III	2,718
Assets Under Construction \| Pasco, WA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	70
Total real estate facilities gross amount per Schedule III	70
Assets Under Construction \| Piedmont, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	5
Total real estate facilities gross amount per Schedule III	5
Assets Under Construction \| Plover, WI
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	600
Total real estate facilities gross amount per Schedule III	600
Assets Under Construction \| Portland, ME
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	80
Total real estate facilities gross amount per Schedule III	80
Assets Under Construction \| Rochelle, IL (Americold Drive)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	29
Total real estate facilities gross amount per Schedule III	29
Assets Under Construction \| Rochelle, IL (Caron)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	10
Total real estate facilities gross amount per Schedule III	10
Assets Under Construction \| Salem, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	40
Total real estate facilities gross amount per Schedule III	40
Assets Under Construction \| Salinas, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	402
Total real estate facilities gross amount per Schedule III	402
Assets Under Construction \| San Antonio, TX
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	250
Total real estate facilities gross amount per Schedule III	250
Assets Under Construction \| Sanford, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	50
Total real estate facilities gross amount per Schedule III	50
Assets Under Construction \| Savannah, GA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	41,720
Total real estate facilities gross amount per Schedule III	41,720
Assets Under Construction \| Sebree, KY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	564
Total real estate facilities gross amount per Schedule III	564
Assets Under Construction \| Sikeston, MO
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	93
Total real estate facilities gross amount per Schedule III	93
Assets Under Construction \| Sioux City - 2640, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	160
Total real estate facilities gross amount per Schedule III	160
Assets Under Construction \| Sioux City - 2900, IA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	531
Total real estate facilities gross amount per Schedule III	531
Assets Under Construction \| Sioux Falls, SD
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	174
Total real estate facilities gross amount per Schedule III	174
Assets Under Construction \| Springdale, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	19
Total real estate facilities gross amount per Schedule III	19
Assets Under Construction \| Strasburg, VA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	16
Total real estate facilities gross amount per Schedule III	16
Assets Under Construction \| Sunter, SC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	17
Total real estate facilities gross amount per Schedule III	17
Assets Under Construction \| Syracuse, NY
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	29
Total real estate facilities gross amount per Schedule III	29
Assets Under Construction \| Tampa Plant City, FL
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	309
Total real estate facilities gross amount per Schedule III	309
Assets Under Construction \| Tarboro, NC
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	474
Total real estate facilities gross amount per Schedule III	474
Assets Under Construction \| Taunton, MA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	94
Total real estate facilities gross amount per Schedule III	94
Assets Under Construction \| Texarkana, AR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	41
Total real estate facilities gross amount per Schedule III	41
Assets Under Construction \| Turlock, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	146
Total real estate facilities gross amount per Schedule III	146
Assets Under Construction \| Vernon 2, CA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	71
Total real estate facilities gross amount per Schedule III	71
Assets Under Construction \| Woodburn, OR
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	4
Total real estate facilities gross amount per Schedule III	4
Assets Under Construction \| York, PA
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	523
Total real estate facilities gross amount per Schedule III	523
Assets Under Construction \| Arndell Park
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	1,218
Total real estate facilities gross amount per Schedule III	1,218
Assets Under Construction \| Laverton
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	379
Total real estate facilities gross amount per Schedule III	379
Assets Under Construction \| Murarrie
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	906
Total real estate facilities gross amount per Schedule III	906
Assets Under Construction \| Prospect/ASC Corporate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	446
Total real estate facilities gross amount per Schedule III	446
Assets Under Construction \| Spearwood
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	476
Total real estate facilities gross amount per Schedule III	476
Assets Under Construction \| Wetherill Park - MIT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	24
Total real estate facilities gross amount per Schedule III	24
Assets Under Construction \| Heathwood - MIT
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	954
Total real estate facilities gross amount per Schedule III	954
Assets Under Construction \| Dalgety
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	1,163
Total real estate facilities gross amount per Schedule III	1,163
Assets Under Construction \| Diversey
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	614
Total real estate facilities gross amount per Schedule III	614
Assets Under Construction \| Halwyn Dr
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	277
Total real estate facilities gross amount per Schedule III	277
Assets Under Construction \| Mako Mako
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	143
Total real estate facilities gross amount per Schedule III	143
Assets Under Construction \| Manutapu/Barber Akld
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	66
Total real estate facilities gross amount per Schedule III	66
Assets Under Construction \| Paisley
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	241
Total real estate facilities gross amount per Schedule III	241
Assets Under Construction \| Smarts Rd
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Costs, Land	0
Initial Costs, Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross amount, Land	0
Total per Schedule III	48
Total real estate facilities gross amount per Schedule III	48
Assets Not Under Construction and Under Construction
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	283,443
Initial Costs, Land	494,429
Initial Costs, Buildings and Improvements	2,326,556
Costs Capitalized Subsequent to Acquisition	413,200
Gross amount, Land	526,226
Total per Schedule III	2,806,662
Total real estate facilities gross amount per Schedule III	3,332,888
Accumulated depreciation and depletion per Schedule III	$ (752,711)

Schedule III - Real Estate and Accumulated Depreciation - Footnotes (Details) $ in Thousands		1 Months Ended			3 Months Ended				12 Months Ended
	Feb. 01, 2019 USD ($)	Nov. 30, 2019 facility	May 31, 2019 USD ($) facility	Feb. 28, 2019 facility	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Jun. 30, 2018 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($) warehouse	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:
Accumulated depreciation and depletion per Schedule III						$ (827,892)	$ (827,892)		$ (936,422)	$ (770,006)	$ (770,006)	$ (936,422)	$ (827,892)	$ (770,006)
Total accumulated depreciation and depletion per consolidated balance sheet (property, buildings and equipment and capital leases)												(1,246,250)
Reconciliation of total Buildings and Improvements to consolidated balance sheet as of December 31, 2018:
Property, plant, and equipment												4,149,214	2,898,139
Building and improvements capital leases per consolidated balance sheet												88,038
Reconciliation of total mortgage notes and term loans to consolidated balance sheet caption as of December 31, 2018:
Unsecured												1,425,000
Deferred financing costs, net of amortization												(12,996)	(13,943)
Total mortgage notes, senior unsecured notes and term loan per consolidated balance sheet												1,695,447	1,351,014
Aggregate cost for federal tax purposes of real estate assets												2,800,000
Real Estate Facilities, at Cost:
Beginning Balance						2,575,367			2,575,367	2,506,656	2,382,343
Capital expenditures									177,268	50,680	52,555
Acquisitions									975,045	0	27,958
Newly developed warehouse facilities									21,316	62,353	60,598
Disposition									(7,409)	(30,199)	(20,780)
Impairment									(12,555)	(747)	(9,473)
Conversion of leased assets to owned									0	8,405	0
Impact of foreign exchange rate changes									557	(21,781)	13,455
Ending Balance							2,575,367		3,729,589	2,575,367	2,506,656
Accumulated Depreciation:
Beginning balance						(827,892)			(827,892)	(770,006)	(692,390)
Depreciation expense									(114,512)	(87,355)	(86,169)
Dispositions									6,679	24,672	11,143
Impact of foreign exchange rate changes									(697)	4,797	(2,590)
Ending balance							(827,892)		(936,422)	(827,892)	(770,006)
Total Real Estate Facilities, Net at December 31												2,793,167	1,747,475	1,736,650
Total sale-leaseback financing obligations												115,759	118,920
Impairment of long-lived assets					$ 2,900				13,485	747	9,473
Gain (loss) on disposition of property							(900)	$ 8,400	(34)	7,471	43
Operating facilities purchased										13,800
Intangible assets acquired									269,164	0
Reconciliation of Real Estate Activity
Real estate facilities, at cost												3,729,589
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption
Accumulated depreciation and depletion per Schedule III						(827,892)	(827,892)		(936,422)	(770,006)	(770,006)	(936,422)	(827,892)	(770,006)
Accumulated depreciation and depletion - ending balance												(1,246,250)
Non-real estate assets
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:
Total accumulated depreciation and depletion per consolidated balance sheet (property, buildings and equipment and capital leases)												(493,539)
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption
Accumulated depreciation and depletion - ending balance												(493,539)
Buildings and improvements
Reconciliation of total Buildings and Improvements to consolidated balance sheet as of December 31, 2018:
Property, plant, and equipment												2,696,732	1,849,749
Building and improvements capital leases per consolidated balance sheet												11,227
Assets under construction
Reconciliation of total Buildings and Improvements to consolidated balance sheet as of December 31, 2018:
Property, plant, and equipment												108,639	85,983
Personal property assets under construction
Reconciliation of total Buildings and Improvements to consolidated balance sheet as of December 31, 2018:
Property, plant, and equipment												9,936
Warehouses
Accumulated Depreciation:
Impairment of long-lived assets										$ 700
Gain (loss) on disposition of property					$ 8,400		(900)
Operating facilities purchased											9,500
New facility acquired							$ 13,800				31,900
Operating facilities disposed											$ 9,200
Idle Warehouse
Accumulated Depreciation:
Impairment of long-lived assets						$ 2,900
Number of facilities disposed \| warehouse											2
Operating Warehouses
Accumulated Depreciation:
Number of facilities disposed \| warehouse											1
Refrigeration Equipment
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:
Total accumulated depreciation and depletion per consolidated balance sheet (property, buildings and equipment and capital leases)												(186,799)
Reconciliation of Real Estate Activity
Real estate facilities, at cost												409,865
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption
Accumulated depreciation and depletion - ending balance												(186,799)
Quarry Assets
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:
Total accumulated depreciation and depletion per consolidated balance sheet (property, buildings and equipment and capital leases)												(3,088)
Reconciliation of Real Estate Activity
Real estate facilities, at cost												13,164
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption
Accumulated depreciation and depletion - ending balance												(3,088)
Real Estate
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:
Total accumulated depreciation and depletion per consolidated balance sheet (property, buildings and equipment and capital leases)												(936,422)	(827,892)	(770,006)
Reconciliation of Real Estate Activity
Real estate facilities, at cost												3,729,589	2,575,367	2,506,656
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption
Accumulated depreciation and depletion - ending balance												(936,422)	(827,892)	(770,006)
In-place and above market lease
Accumulated Depreciation:
Intangible assets acquired											$ 3,900
Disposal Group, Held-for-sale, Not Discontinued Operations \| Idle Warehouse
Accumulated Depreciation:
Facility held for sale														2,600
Assets Not Under Construction and Under Construction
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption as of December 31, 2019:
Accumulated depreciation and depletion per Schedule III									(752,711)			(752,711)
Reconciliation of total Buildings and Improvements to consolidated balance sheet as of December 31, 2018:
Total per Schedule III												2,806,662
Reconciliation of total mortgage notes and term loans to consolidated balance sheet caption as of December 31, 2018:
Total per Schedule III												283,443
Accumulated Depreciation:
Ending balance									(752,711)
Reconciliation of Real Estate Activity
Total real estate facilities gross amount per Schedule III												3,332,888
Reconciliation of total accumulated depreciation and depletion to consolidated balance sheet caption
Accumulated depreciation and depletion per Schedule III									$ (752,711)			(752,711)
Assets Under Construction
Reconciliation of total Buildings and Improvements to consolidated balance sheet as of December 31, 2018:
Total per Schedule III												2,806,662
PortFresh Holdings, LLC
Accumulated Depreciation:
Number of operating facilities purchased \| facility				1
Operating facilities purchased	$ 35,000
Cloverleaf
Accumulated Depreciation:
Number of operating facilities purchased \| facility			21
Operating facilities purchased			$ 891,300
Lanier Cold Storage
Accumulated Depreciation:
Number of operating facilities purchased \| facility			2
Operating facilities purchased			$ 60,000
MHW Group Inc.
Accumulated Depreciation:
Number of operating facilities purchased \| facility		2
Sale Leaseback Transaction Accounted for as a Financing Lease
Accumulated Depreciation:
Total sale-leaseback financing obligations												76,800	$ 80,300	$ 90,500
Variable Interest Entity, Primary Beneficiary
Reconciliation of total mortgage notes and term loans to consolidated balance sheet caption as of December 31, 2018:
Secured notes related to Monmouth, IL												$ 4,900