

	For the year ended December 31,
	2019		2018		2017
Tower acquisitions (number of towers)		2,443		1,316		1,425

The following table summarizes the Company’s cash acquisition capital expenditures:



	For the year ended December 31,
	2019		2018		2017

		(in thousands)
Acquisitions of towers and related intangible assets ^{(1) (2)}	$	701,471	$	406,699	$	392,902
Land buyouts and other assets ⁽³⁾		72,486		45,130		48,645
Total cash acquisition capital expenditures	$	773,957	$	451,829	$	441,547

(1)The year ended December 31, 2019 excludes $1.7 million of acquisitions costs funded through the issuance of 10,000 shares of Class A common stock. The year ended December 31, 2017 excludes $63.3 million of acquisition costs funded through the issuance of 487,963 shares of Class A common stock.

(2)On August 30, 2019, the Company acquired an additional interest of a previously unconsolidated joint venture in South Africa which resulted in the consolidation of the entity. The cash consideration is included herein. Furthermore, the year ended December 31, 2019 excludes $72.0 million associated with the consolidation of this entity.

(3)The Company paid $15.2 million, $24.3 million, and $18.8 million for ground lease extensions and term easements on land underlying the Company’s towers during the years ending December 31, 2019, 2018, and 2017, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets.

During the year ended December 31, 2019, the Company allocated the purchase price of 2,443 acquired towers and related assets and liabilities consisting of $90.8 million of property and equipment, $715.5 million of intangible assets, and $32.8 million of other net liabilities assumed. All but one acquisition in the year ended December 31, 2019 was accounted for as an asset acquisition. During the first quarter of 2019, the Company consummated an acquisition for $3.0 million in cash and $1.7 million in the Company’s Class A common stock, which was accounted for as a business combination.

During the year ended December 31, 2018, the Company acquired 1,316 towers and related assets and liabilities consisting of $134.5 million of property and equipment, $280.7 million of intangible assets, and $8.5 million of other net liabilities assumed.

During the year ended December 31, 2017, the Company acquired 1,425 towers and related assets and liabilities consisting of $114.7 million of property and equipment, $345.3 million of intangible assets, and $3.8 million of other net liabilities assumed.