Real Estate Investments, Net (Tables)

9 Months Ended

Sep. 30, 2020

Real Estate [Abstract]

Allocation of Assets Acquired and Liabilities Assumed

The following table presents the allocation of the assets acquired and liabilities assumed during the nine months ended September 30, 2020 and 2019, and, in the case of assets located outside of the United States, based on the applicable exchange rate at the time of purchase. All acquisitions in both periods were considered asset acquisitions for accounting purposes.

	Nine Months Ended September 30,
(Dollar amounts in thousands)	2020		2019
Real estate investments, at cost:
Land	$	28,622	$	22,441
Buildings, fixtures and improvements	121,311		243,545
Total tangible assets	149,933		265,986
Acquired intangible lease assets:
In-place leases	16,842		44,256
Above-market lease assets	53		406
Below-market lease liabilities	(1,040)		(1,645)
Total intangible assets	15,855		43,017
ROU asset	5,022		—
Cash paid for acquired real estate investments	$	170,810	$	309,003
Number of properties purchased	21		20

Properties With Significant Annualized Straight-line Rental Income, by Geographical Areas

The following table lists the countries and states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10.0% of consolidated annualized rental income on a straight-line basis as of September 30, 2020 and December 31, 2019.

Country / U.S. State	September 30, 2020	December 31, 2019
United States	62.1%	63.0%
Michigan	14.0%	14.6%
United Kingdom	17.4%	18.2%