Business Combinations (Tables)

9 Months Ended

Sep. 30, 2022

Business Combinations

Summary of Provisional Fair Value of Assets and Liabilities Acquired

The following table summarizes the provisional fair value amounts recorded at the acquisition date (in thousands):

	Provisional Fair Value
	Amounts
Building and improvements	$	1,376,128
Construction in progress and space held for development		521,153
Operating lease right-of-use assets		2,784
Assumed cash and cash equivalents		5,528
Goodwill		1,625,994
Customer relationship value and other intangibles (weighted-average amortization life of 7 years)		720,126
Debt assumed		(355,688)
Operating lease liabilities		(4,031)
Deferred tax liabilities, net		(632,841)
Redeemable noncontrolling interests		(1,530,090)
Working capital assets, net		1,112
Total purchase consideration	$	1,730,176