at 83 % leased and at a purchase price below replacement cost , we believe that this purchase provides an opportunity to create value through the lease-up of vacant space in one of the most highly amenitized office properties in buckhead atlanta . as noted above , in the merger , we added two active development projects to our development pipeline : domain 10 and domain 12 in austin . domain 12 is 100 % leased and on track to deliver in the first half of 2020. with the execution of an expansion with amazon in the third quarter of 2019 , we increased the percent leased of domain 10 from 63 % upon acquisition to 98 % . domain 10 is scheduled to deliver in late 2020. we continued to make progress on our existing development projects that include 120 west trinity in decatur , georgia , 10000 avalon in atlanta , and 300 colorado in austin . these projects are on track to deliver in 2020 and early 2021 and the office portion of these properties is a combined 77 % pre-leased . we commenced development of 100 mill , a 287,000 square foot office property in tempe , arizona . this project has estimated construction costs of $ 153 million , is scheduled for delivery in early 2022 , and is 44 % pre-leased . in the first quarter of 2019 , dimensional place , a 281,000 square foot office building in charlotte commenced operations . we continue to look for additional development opportunities with our robust land bank . in 2019 , we leased or renewed 3.1 million square feet of office space . the weighted average net effective rent per square foot , representing base rent less operating expense reimbursements and leasing costs , for new or renewed non-amenity leases with terms greater than one year was $ 23.82 per square foot . cash basis net effective rent per square foot increased 7.7 % on spaces that had been previously occupied in the past year . cash basis net effective rent represents net rent at the end of the term paid by the prior tenant compared to the net rent at the beginning of the term paid by the current tenant . our same property net operating income for the year increased 2.6 % on a gaap basis and 4.8 % on a cash basis . 24 market conditions we believe that the sunbelt region , and in particular the six core sunbelt markets in which we operate , possess some of the most attractive economic and real estate fundamentals in the nation . our markets are located in states that lead the nation in new job growth and net migration as residents relocate from the northeast , midwest , and west coast to our markets . this migration , when combined with low levels of new supply , has led to steady office absorption and positive rent growth , supporting healthy office fundamentals . we believe that we are well positioned to benefit from , and ultimately outperform in , the current real estate environment . our atlanta portfolio totals 7.3 million square feet , representing 33.8 % of our net operating income for the fourth quarter of 2019 and was 91.2 % leased at december 31 , 2019. in addition , we had two projects under development in atlanta at december 31 , 2019 , one office property and one mixed use property , in which we hold 90 % and 20 % interests , respectively . job growth in atlanta for the year ended december 31 , 2019 was 2.2 % , above the national average , and construction as a percentage of the total market square footage was 2.6 % at year end . our portfolio is well located primarily in the midtown , buckhead , and central perimeter submarkets with direct access to mass transit . our austin portfolio totals 4.0 million square feet , representing 23.2 % of our net operating income for the fourth quarter of 2019 and was 95.8 % leased at december 31 , 2019. in addition , we have three projects under development in austin , one owned in a 50-50 joint venture and two wholly-owned that together total 978,000 square feet and are a combined 95 % leased . job growth in austin for the year ended december 31 , 2019 was 2.7 % and construction as a percentage of the total market square footage was 9.1 % . our portfolio is predominantly in the central business district and northwest submarket where vacancy is 5.6 % and 6.8 % , respectively . we believe that our dominant presence in austin , combined with strong job growth and low unemployment are favorable for our existing portfolio . our charlotte portfolio totals 4.3 million square feet , representing 16.9 % of our net operating income for the fourth quarter of 2019 and was 96.2 % leased at december 31 , 2019. job growth in charlotte for the year ended december 31 , 2019 was 2.4 % and construction as a percentage of the total market square footage was 5.1 % . our portfolio is located in the uptown and south end submarkets where rent growth has significantly surpassed the national average . the overall market has benefitted from charlotte 's strong population growth , which has increased at three times the national rate over the past decade . strong demand and favorable economics have spurred a high level of new development across the market , specifically in uptown where approximately 2.7 million square feet is currently under construction . story_separator_special_tag if indicators of impairment are present for any of our investments in joint ventures , we calculate the fair value of the investment . if the fair value of the investment is less than the carrying value of the investment , we must determine whether the impairment is temporary or other than temporary , as outlined in gaap . if we assesses the impairment to be temporary , we do not record an impairment charge . if we conclude that the impairment is other than temporary , we record an impairment charge . we use considerable judgment in the determination of whether there are indicators of impairment present and in the assumptions , estimations , and inputs used in calculating the fair value of the investment . these judgments are similar to those outlined above in the impairment of real estate assets . we also use judgment in making the determination as to whether the impairment is temporary or other than temporary by considering , among other things , the length of time that the impairment has existed , the financial condition of the joint venture , and the ability and intent of the holder to retain the investment long enough for a recovery in market value . our judgment as to the fair value of the investment or on the conclusion of the nature of the impairment could have a material impact on our financial condition , results of operations , and cash flows . stock-based compensation we have several types of stock-based compensation plans . these plans are described in note 15 , as are the accounting policies by type of award . compensation cost for all stock-based awards requires measurement at estimated fair value on the grant date , and compensation cost is recognized over the service vesting period , which represents the requisite service period . for compensation plans that contain market performance measures , we must estimate the fair value of the awards on a quarterly basis and must adjust compensation expense accordingly . the fair values of these awards are estimated using complex pricing valuation models that require a number of estimates and assumptions . for awards that are based on our future earnings , we must estimate future earnings and adjust the estimated fair value of the awards accordingly . we use considerable judgments in determining the fair value of these awards . compensation expense associated with these awards could vary significantly based upon these estimates . discussion of new accounting pronouncements on january 1 , 2019 , we adopted asc 842 , which amended the previous standard for lease accounting by requiring lessees to record most leases on their balance sheets and by making targeted changes to lessor accounting and reporting . the new standard requires lessees to record a right-of-use asset and a lease liability for leases and classify such leases as either finance or operating leases based on the principle of whether the lease is effectively a financed purchase of the leased asset by the lessee . 28 the classification of the leases determines whether the lease expense is recognized based on an effective interest method ( finance leases ) or on a straight-line basis over the term of the lease ( operating leases ) . the new standard also revised the treatment of indirect leasing costs and permits the capitalization and amortization of direct leasing costs only . for the years ended december 31 , 2018 and 2017 , we capitalized $ 3.8 million and $ 3.0 million of indirect leasing costs , respectively . the company adopted the following optional practical expedients provided in asc 842 : no reassessment of any expired or existing contracts to determine if they contain a lease ; no reassessment of initial direct costs for any existing leases ; no recognition of right-of-use assets and lease liabilities for leases with a term of one year or less ; no separate classification and disclosure of non-lease components of revenue in lease contracts from the related lease components provided certain conditions are met ; and no reassessment of the lease classification . for those leases where we were the lessee , specifically ground leases , the adoption of asc 842 required us to record a right-of-use asset and a lease liability in the amount of $ 56.3 million on the condensed consolidated balance sheet . in calculating the right of use asset and lease liability , we used a weighted average discount rate of 4.49 % , which represented our incremental borrowing rate related to the ground lease assets as of january 1 , 2019. ground leases executed before the adoption of asc 842 are accounted for as operating leases and did not result in a materially different ground lease expense . however , most ground leases executed after the adoption of asc 842 are expected to be accounted for as finance leases , which will result in ground lease expense being recorded using the effective interest method instead of the straight-line method over the term of the lease , resulting in higher expense associated with the ground lease in the earlier years of a ground lease when compared to the straight line method . we elected to use the `` modified retrospective `` method upon adoption of asc 842 , which permitted application of the new standard on the adoption date as opposed to the earliest comparative period presented in its financial statements . on january 1 , 2018 , we adopted asu 2017-05 , “ other income - gains and losses from the derecognition of nonfinancial assets ( subtopic 610-20 ) : clarifying the scope of asset derecognition guidance and accounting for partial sales of nonfinancial assets ” ( “ asu 2017-05 `` ) . as a result of the adoption of asu 2017-05 , we recorded a cumulative effect from change in accounting principle , which credited distributions in excess of cumulative net income by $ 22.3 million . this cumulative effect

liquidity and capital resources our primary short-term and long-term liquidity needs include the following : property and land acquisitions ; expenditures on development projects ; building improvements , tenant improvements , and leasing costs ; principal and interest payments on indebtedness ; and common stock dividends and distributions to outside unitholders of cplp . we may satisfy these needs with one or more of the following : cash and cash equivalents on hand ; net cash from operations ; proceeds from the sale of assets ; borrowings under our credit facility ; proceeds from mortgage notes payable ; proceeds from construction loans ; proceeds from unsecured loans ; proceeds from offerings of equity securities ; and joint venture formations . financial condition a key component of our strategy is to maintain a conservative balance sheet with leverage and liquidity that enables us to be positioned for future growth . our leverage metrics at december 31 , 2019 , which include net debt to ebitda , net debt to undepreciated assets , and net debt to total market capitalization , were among the strongest within our sector of public office reits . as of december 31 , 2019 , and we had $ 251.5 million outstanding under our credit facility with the ability to borrow an additional $ 748.5 million under our credit facility . we also had $ 17.6 million in cash , cash equivalents , and restricted cash on hand at december 31 , 2019 . 33 contractual obligations and commitments at december 31 , 2019 , we were subject to the following contractual obligations and commitments ( in thousands ) : replace_table_token_13_th ( 1 ) interest on variable rate obligations is based on rates effective as of december 31 , 2019 .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources our primary short-term and long-term liquidity needs include the following : property and land acquisitions ; expenditures on development projects ; building improvements , tenant improvements , and leasing costs ; principal and interest payments on indebtedness ; and common stock dividends and distributions to outside unitholders of cplp . we may satisfy these needs with one or more of the following : cash and cash equivalents on hand ; net cash from operations ; proceeds from the sale of assets ; borrowings under our credit facility ; proceeds from mortgage notes payable ; proceeds from construction loans ; proceeds from unsecured loans ; proceeds from offerings of equity securities ; and joint venture formations . financial condition a key component of our strategy is to maintain a conservative balance sheet with leverage and liquidity that enables us to be positioned for future growth . our leverage metrics at december 31 , 2019 , which include net debt to ebitda , net debt to undepreciated assets , and net debt to total market capitalization , were among the strongest within our sector of public office reits . as of december 31 , 2019 , and we had $ 251.5 million outstanding under our credit facility with the ability to borrow an additional $ 748.5 million under our credit facility . we also had $ 17.6 million in cash , cash equivalents , and restricted cash on hand at december 31 , 2019 . 33 contractual obligations and commitments at december 31 , 2019 , we were subject to the following contractual obligations and commitments ( in thousands ) : replace_table_token_13_th ( 1 ) interest on variable rate obligations is based on rates effective as of december 31 , 2019 .
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 Suspicious Activity Report : at 83 % leased and at a purchase price below replacement cost , we believe that this purchase provides an opportunity to create value through the lease-up of vacant space in one of the most highly amenitized office properties in buckhead atlanta . as noted above , in the merger , we added two active development projects to our development pipeline : domain 10 and domain 12 in austin . domain 12 is 100 % leased and on track to deliver in the first half of 2020. with the execution of an expansion with amazon in the third quarter of 2019 , we increased the percent leased of domain 10 from 63 % upon acquisition to 98 % . domain 10 is scheduled to deliver in late 2020. we continued to make progress on our existing development projects that include 120 west trinity in decatur , georgia , 10000 avalon in atlanta , and 300 colorado in austin . these projects are on track to deliver in 2020 and early 2021 and the office portion of these properties is a combined 77 % pre-leased . we commenced development of 100 mill , a 287,000 square foot office property in tempe , arizona . this project has estimated construction costs of $ 153 million , is scheduled for delivery in early 2022 , and is 44 % pre-leased . in the first quarter of 2019 , dimensional place , a 281,000 square foot office building in charlotte commenced operations . we continue to look for additional development opportunities with our robust land bank . in 2019 , we leased or renewed 3.1 million square feet of office space . the weighted average net effective rent per square foot , representing base rent less operating expense reimbursements and leasing costs , for new or renewed non-amenity leases with terms greater than one year was $ 23.82 per square foot . cash basis net effective rent per square foot increased 7.7 % on spaces that had been previously occupied in the past year . cash basis net effective rent represents net rent at the end of the term paid by the prior tenant compared to the net rent at the beginning of the term paid by the current tenant . our same property net operating income for the year increased 2.6 % on a gaap basis and 4.8 % on a cash basis . 24 market conditions we believe that the sunbelt region , and in particular the six core sunbelt markets in which we operate , possess some of the most attractive economic and real estate fundamentals in the nation . our markets are located in states that lead the nation in new job growth and net migration as residents relocate from the northeast , midwest , and west coast to our markets . this migration , when combined with low levels of new supply , has led to steady office absorption and positive rent growth , supporting healthy office fundamentals . we believe that we are well positioned to benefit from , and ultimately outperform in , the current real estate environment . our atlanta portfolio totals 7.3 million square feet , representing 33.8 % of our net operating income for the fourth quarter of 2019 and was 91.2 % leased at december 31 , 2019. in addition , we had two projects under development in atlanta at december 31 , 2019 , one office property and one mixed use property , in which we hold 90 % and 20 % interests , respectively . job growth in atlanta for the year ended december 31 , 2019 was 2.2 % , above the national average , and construction as a percentage of the total market square footage was 2.6 % at year end . our portfolio is well located primarily in the midtown , buckhead , and central perimeter submarkets with direct access to mass transit . our austin portfolio totals 4.0 million square feet , representing 23.2 % of our net operating income for the fourth quarter of 2019 and was 95.8 % leased at december 31 , 2019. in addition , we have three projects under development in austin , one owned in a 50-50 joint venture and two wholly-owned that together total 978,000 square feet and are a combined 95 % leased . job growth in austin for the year ended december 31 , 2019 was 2.7 % and construction as a percentage of the total market square footage was 9.1 % . our portfolio is predominantly in the central business district and northwest submarket where vacancy is 5.6 % and 6.8 % , respectively . we believe that our dominant presence in austin , combined with strong job growth and low unemployment are favorable for our existing portfolio . our charlotte portfolio totals 4.3 million square feet , representing 16.9 % of our net operating income for the fourth quarter of 2019 and was 96.2 % leased at december 31 , 2019. job growth in charlotte for the year ended december 31 , 2019 was 2.4 % and construction as a percentage of the total market square footage was 5.1 % . our portfolio is located in the uptown and south end submarkets where rent growth has significantly surpassed the national average . the overall market has benefitted from charlotte 's strong population growth , which has increased at three times the national rate over the past decade . strong demand and favorable economics have spurred a high level of new development across the market , specifically in uptown where approximately 2.7 million square feet is currently under construction . story_separator_special_tag if indicators of impairment are present for any of our investments in joint ventures , we calculate the fair value of the investment . if the fair value of the investment is less than the carrying value of the investment , we must determine whether the impairment is temporary or other than temporary , as outlined in gaap . if we assesses the impairment to be temporary , we do not record an impairment charge . if we conclude that the impairment is other than temporary , we record an impairment charge . we use considerable judgment in the determination of whether there are indicators of impairment present and in the assumptions , estimations , and inputs used in calculating the fair value of the investment . these judgments are similar to those outlined above in the impairment of real estate assets . we also use judgment in making the determination as to whether the impairment is temporary or other than temporary by considering , among other things , the length of time that the impairment has existed , the financial condition of the joint venture , and the ability and intent of the holder to retain the investment long enough for a recovery in market value . our judgment as to the fair value of the investment or on the conclusion of the nature of the impairment could have a material impact on our financial condition , results of operations , and cash flows . stock-based compensation we have several types of stock-based compensation plans . these plans are described in note 15 , as are the accounting policies by type of award . compensation cost for all stock-based awards requires measurement at estimated fair value on the grant date , and compensation cost is recognized over the service vesting period , which represents the requisite service period . for compensation plans that contain market performance measures , we must estimate the fair value of the awards on a quarterly basis and must adjust compensation expense accordingly . the fair values of these awards are estimated using complex pricing valuation models that require a number of estimates and assumptions . for awards that are based on our future earnings , we must estimate future earnings and adjust the estimated fair value of the awards accordingly . we use considerable judgments in determining the fair value of these awards . compensation expense associated with these awards could vary significantly based upon these estimates . discussion of new accounting pronouncements on january 1 , 2019 , we adopted asc 842 , which amended the previous standard for lease accounting by requiring lessees to record most leases on their balance sheets and by making targeted changes to lessor accounting and reporting . the new standard requires lessees to record a right-of-use asset and a lease liability for leases and classify such leases as either finance or operating leases based on the principle of whether the lease is effectively a financed purchase of the leased asset by the lessee . 28 the classification of the leases determines whether the lease expense is recognized based on an effective interest method ( finance leases ) or on a straight-line basis over the term of the lease ( operating leases ) . the new standard also revised the treatment of indirect leasing costs and permits the capitalization and amortization of direct leasing costs only . for the years ended december 31 , 2018 and 2017 , we capitalized $ 3.8 million and $ 3.0 million of indirect leasing costs , respectively . the company adopted the following optional practical expedients provided in asc 842 : no reassessment of any expired or existing contracts to determine if they contain a lease ; no reassessment of initial direct costs for any existing leases ; no recognition of right-of-use assets and lease liabilities for leases with a term of one year or less ; no separate classification and disclosure of non-lease components of revenue in lease contracts from the related lease components provided certain conditions are met ; and no reassessment of the lease classification . for those leases where we were the lessee , specifically ground leases , the adoption of asc 842 required us to record a right-of-use asset and a lease liability in the amount of $ 56.3 million on the condensed consolidated balance sheet . in calculating the right of use asset and lease liability , we used a weighted average discount rate of 4.49 % , which represented our incremental borrowing rate related to the ground lease assets as of january 1 , 2019. ground leases executed before the adoption of asc 842 are accounted for as operating leases and did not result in a materially different ground lease expense . however , most ground leases executed after the adoption of asc 842 are expected to be accounted for as finance leases , which will result in ground lease expense being recorded using the effective interest method instead of the straight-line method over the term of the lease , resulting in higher expense associated with the ground lease in the earlier years of a ground lease when compared to the straight line method . we elected to use the `` modified retrospective `` method upon adoption of asc 842 , which permitted application of the new standard on the adoption date as opposed to the earliest comparative period presented in its financial statements . on january 1 , 2018 , we adopted asu 2017-05 , “ other income - gains and losses from the derecognition of nonfinancial assets ( subtopic 610-20 ) : clarifying the scope of asset derecognition guidance and accounting for partial sales of nonfinancial assets ” ( “ asu 2017-05 `` ) . as a result of the adoption of asu 2017-05 , we recorded a cumulative effect from change in accounting principle , which credited distributions in excess of cumulative net income by $ 22.3 million . this cumulative effect

