Store Acquisitions (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Operating Properties Acquired

The following table shows the Company’s acquisitions of stores for the three and nine months ended September 30, 2020 and 2019. The table excludes purchases of raw land and improvements made to existing assets. All acquisitions are considered asset acquisitions under ASU 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business."


		Consideration Paid												Total
Quarter	Number of Stores	Total		Cash Paid		Loan Assumed		Finance Lease Liability		Investments in Real Estate Ventures		Net Liabilities/ (Assets) Assumed			Real estate assets

Q3 2020 (1)	8	$	101,731	$	86,996	$	—	$	13,833	$	—	$	902		$	101,731
Q2 2020	—	—		—		—		—		—		—			—
Q1 2020	2	19,399		19,354		—		—		—		45			19,399
	10	$	121,130	$	106,350	$	—	$	13,833	$	—	$	947		$	121,130


Q3 2019	1	$	16,937	$	16,941	$	—	$	—	$	—	$	(4)		$	16,937
Q2 2019	1	8,424		8,424		—		—		—		—			8,424
Q1 2019 (2)	14	223,740		202,890		17,157		—		2,780		913			223,740
	16	$	249,101	$	228,255	$	17,157	$	—	$	2,780	$	909		$	249,101

(1) Store acquisitions during the three months ended September 30, 2020 include the acquisition of two stores that were subject to finance land leases. The right-of-use assets associated with these leases are included in real estate assets above.

(2) Store acquisitions during the first quarter of 2019 include the acquisition of 12 stores previously held in joint ventures where the Company held a noncontrolling interest. The Company purchased its partners' remaining equity interests in the joint ventures, and the properties owned by the joint ventures became wholly owned by the Company. No gain or loss was recognized as a result of these acquisitions.