CCP MERGER AND RECENT REAL ESTATE ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The consideration was allocated as follows (in thousands):

	Nine Months Ended September 30,
	2017		2016
Land	$	55,579	$	5,521
Building and improvements	329,462		102,094
Tenant origination and absorption costs	6,143		1,565
Tenant relationship	1,880		439
Total consideration	$	393,064	$	109,619

The following table summarizes the preliminary purchase price allocation for the CCP Merger based on the Company's initial valuation, including estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed on August 17, 2017 (in thousands):

Real estate investments	$	3,629,447
Loans receivable and other investments	57,064
Cash and cash equivalents	77,858
Restricted cash	779
Lease intangible assets, net	234,426
Accounts receivable, prepaid expenses and other assets, net	35,829
Secured debt, net	(98,500		)
Revolving credit facility	(362,000		)
Unsecured term loans	(674,000		)
Senior unsecured notes, net	(616,873		)
Accounts payable and accrued liabilities	(132,860		)
Lease intangible liabilities, net	(95,859		)
Noncontrolling interests	(2,733		)
Total consideration	$	2,052,578