CCP MERGER AND RECENT REAL ESTATE ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2018

Business Combinations [Abstract]

Purchase Price Allocation

The consideration was allocated based on certain valuations and analyses. Certain valuations and analyses related to acquisitions during the six months ended June 30, 2018 have yet to be finalized, and accordingly, the allocations are subject to adjustment once the analyses are completed. Allocation of the consideration is as follows (in thousands):

	Six Months Ended June 30,
	2018		2017
Land	$	24,356	$	1,034
Building and improvements	187,903		13,128
Tenant origination and absorption costs intangible assets	1,312		223
Tenant relationship intangible assets	412		71
Total consideration	$	213,983	$	14,456

The following table summarizes the purchase price allocation for the CCP Merger based on the Company’s 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