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CCP MERGER AND RECENT REAL ESTATE ACQUISITIONS (Tables)
 3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Purchase Price Allocation
The following table summarizes the 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
$
3,727,310

Loans receivable and other investments
58,244

Cash and cash equivalents
77,859

Restricted cash
779

Lease intangible assets, net
145,786

Accounts receivable, prepaid expenses and other assets, net
35,873

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
(134,802
)
Lease intangible liabilities, net
(102,643
)
Noncontrolling interests
(4,455
)
Total consideration
$
2,052,578

 
 
The consideration was allocated as follows based on certain valuations and analyses that have yet to be finalized, and accordingly, the allocation is preliminary and is subject to adjustment once the analyses are completed (in thousands):
 
 
Three Months Ended
March 31, 2018
Land
 
$
20,552

Building and improvements
 
150,523

Tenant origination and absorption costs intangible assets
 
722

Tenant relationship intangible assets
 
209

 
 
 
Total consideration
 
$
172,006