Terreno Realty Corporation and together with its subsidiaries the Company acquires owns and operates industrial real estate in six major coastal US markets Los Angeles Northern New JerseyNew York City San Francisco Bay Area Seattle Miami and Washington DC All square feet acres occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited As of September 30 2020 the Company owned 219 buildings aggregating approximately 131 million square feet 22 improved land parcels consisting of approximately 850 acres and one property under redevelopment expected to contain approximately 02 million square feet upon completion The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust REIT under Sections 856 through 860 of the Internal Revenue Code of 1986 as amended the Code commencing with its taxable year ended December 31 2010