Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

PURCHASE PRICE ALLOCATION

A summary of the cumulative consideration paid and the preliminary allocation of the purchase price paid for all of our 2021 acquisitions through September 30, 2021 is as follows:

	NINE MONTHS ENDED SEPTEMBER 30, 2021
Cash Paid (gross of cash acquired)	$	224,192
Fair Value of Noncontrolling Interests	3,878
Purchase Price Holdbacks and Other	2,534
Total Consideration	230,604
Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Cash	20,440
Accounts Receivable, Prepaid Expenses and Other Assets	25,392
Property, Plant and Equipment(1)	147,132
Customer Relationship Intangible Assets(2)	39,315
Operating Lease Right-of-Use Assets	45,209
Data Center In-Place Leases(3)	4,994
Data Center Tenant Relationships(4)	4,682
Data Center Above-Market Leases(5)	1,042
Debt Assumed	(9,026)
Accounts Payable, Accrued Expenses and Other Liabilities	(23,082)
Operating Lease Liabilities	(45,209)
Deferred Income Taxes	(7,436)
Data Center Below-Market Leases(5)	(20)
Total Fair Value of Identifiable Net Assets Acquired	203,433
Goodwill Initially Recorded	$	27,171

(1)Consists primarily of land and building.

(2)The preliminary weighted average lives of customer relationship intangible assets associated with acquisitions is 9 years.

(3)     The preliminary weighted average lives of data center in-place leases associated with acquisitions is 5 years.

(4) The preliminary weighted average lives of data center tenant relationships associated with acquisitions is 5 years.

(5) The preliminary weighted average lives of data center above-market leases associated with acquisitions is 5 years and the weighted average lives of data center below-market leases associated with acquisitions is 4 years.