

	For the three months				For the nine months
	ended September 30,				ended September 30,
	2022		2021		2022		2021

	(in thousands)
Acquisitions of towers and related intangible assets ⁽¹⁾⁽²⁾	$	57,439	$	48,255	$	343,967	$	217,140
Acquisition of right-of-use assets ⁽³⁾		—		694		2,220		948,392
Land buyouts and other assets ⁽⁴⁾⁽⁵⁾		7,704		8,954		72,534		22,222
Total cash acquisition capital expenditures	$	65,143	$	57,903	$	418,721	$	1,187,754

(1)During the nine months ended September 30, 2022, the Company closed on 1,445 sites under the previously announced deal with Airtel Tanzania for $176.1 million. Legal title has been fully transferred for 1,234 of the towers. The remaining 211 towers are pending post-closing due diligence and continue to be accounted for as acquired and other right-of-use assets, net on the consolidated balance sheet until transfer of title for these towers is completed, which the Company anticipates to be in tranches through the end of the second quarter of 2023. Upon legal transfer, these assets will be reclassified to tower related assets. During this period of time, the Company has all the economic rights and obligations related to these towers.

(2)The nine months ended September 30, 2021 includes $77.1 million of acquisitions completed during the fourth quarter of 2020 which were not funded until the first quarter of 2021.

(3)During the nine months ended September 30, 2021, the Company acquired the exclusive right to lease and operate utility transmission structures, which included existing wireless tenant licenses from PG&E for $969.9 million. The difference between the purchase price and the cash acquisition amount is due to working capital adjustments. The Company accounted for the payment with respect to these sites as a right-of-use asset, which is recorded in acquired and other right of use assets, net on its Consolidated Balance Sheets. The payments associated with the right of use assets will be amortized over 70 years.

(4)In addition, the Company paid $4.3 million and $4.1 million for ground lease extensions and term easements on land underlying the Company’s towers during the three months ended September 30, 2022 and 2021, respectively, and paid $10.6 million and $11.3 million for ground lease extensions and term easements on land underlying the Company’s towers during the nine months ended September 30, 2022 and 2021, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets.

(5)The nine months ended September 30, 2022 includes amounts paid related to the acquisition of a data center in Brazil during the second quarter of 2022.

During the nine months ended September 30, 2022, the Company acquired 2,148 towers and related assets and liabilities consisting of $117.9 million of property and equipment, net, $194.5 million of intangible assets, net, $119.7 million of operating lease right-of-use assets, net, $36.6 million of acquired and other right-of-use assets, net, $24.3 million of acquisition related holdbacks, $101.4 million of long-term lease liabilities, and $1.0 million of other net assets assumed. All acquisitions in the nine months ended September 30, 2022 were accounted for as asset acquisitions except for one acquisition, purchased for $49.9 million in cash which was accounted for as a business combination.

On October 11, 2022, the Company completed the previously announced acquisition of 2,632 sites from GTS in Brazil for $725.0 million in cash, net of working capital adjustments. The Company used borrowings under the Revolving Credit Facility and cash on hand to fund the acquisition.

Additionally, subsequent to September 30, 2022, the Company purchased or is under contract to purchase approximately 34 communication sites for an aggregate consideration of approximately $28.5 million in cash. The Company anticipates that these acquisitions will be consummated by the end of the first quarter of 2023.