Acquisitions (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair values of the assets and liabilities acquired as part of the Merger as of the acquisition date (in thousands):



Net assets acquired
Land	$	262,396
Buildings and improvements	1,014,857
Cash and cash equivalents	15,499
Restricted cash	9,521
Rent and other receivables	843
Escrow deposits, prepaid expenses and other assets	35,134
In-place leases	22,696
Accounts payable and accrued expenses	(38,485		)
Net assets acquired	1,322,461

Debt assumed
Credit facility	350,000
Exchangeable senior notes	112,298
Asset-backed securitization	329,703
Total debt assumed	792,001

Equity transaction consideration	530,460

Total transaction consideration	$	1,322,461

Schedule of Related Party Transactions

The following table presents the total revenues and net loss attributable to the Merger that are included in our condensed consolidated statements of operations for the three and six months ended June 30, 2016 (in thousands):



	For the Three Months Ended June 30, 2016			For the Period from February 29, 2016 to June 30, 2016
Total revenues	$	34,743		$	45,882
Net loss	$	(3,056	)	$	(5,627	)

Business Acquisition, Pro Forma Information

The following table presents the Company’s supplemental consolidated pro forma total revenues and net loss as if the Merger had occurred on January 1, 2015 (in thousands):



	For the Three Months Ended						For the Six Months Ended
	June 30, 2016			June 30, 2015			June 30, 2016			June 30, 2015
Pro forma total revenues (1)	$	220,972		$	185,678		$	438,234		$	344,928
Pro forma net loss (1)	$	(3,753	)	$	(8,597	)	$	(17,926	)	$	(19,308	)
Pro forma net loss per share (1)	$	(0.04	)	$	(0.07	)	$	(0.13	)	$	(0.15	)


(1)	This pro forma supplemental information does not purport to be indicative of what the Company's operating results would have been had the Merger occurred on January 1, 2015.