XML 74 R53.htm IDEA: XBRL DOCUMENT v3.22.4
Merger with VEREIT, Inc. and Orion Office REIT Inc. Divestiture - Preliminary Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 01, 2021
Dec. 31, 2022
Dec. 31, 2021
ASSETS      
Goodwill   $ 3,731,478 $ 3,676,705
LIABILITIES      
Weighted average amortization period for acquired lease intangible assets   11 years 7 months 6 days 12 years 8 months 12 days
Weighted average amortization period for acquired lease intangible liabilities   14 years 2 months 12 days 15 years 10 months 24 days
VEREIT      
ASSETS      
Land $ 3,021,906    
Buildings 8,677,467    
Total real estate held for investment 11,699,373    
Cash and cash equivalents 128,411    
Accounts receivable 53,355    
Lease intangible assets 3,204,773    
Goodwill 3,717,620    
Investment in unconsolidated entities 175,379    
Other assets 308,910    
Total assets acquired 19,287,821    
LIABILITIES      
Accounts payable and accrued expenses 139,836    
Lease intangible liabilities 949,349    
Other liabilities 320,893    
Total liabilities assumed 7,226,070    
Net assets acquired, at fair value 12,061,751    
Noncontrolling interests 1,352    
Total purchase price $ 12,060,399    
Weighted average amortization period for acquired lease intangible assets 9 years 3 months 18 days    
Weighted average amortization period for acquired lease intangible liabilities 25 years 6 months    
VEREIT | Mortgages payable      
LIABILITIES      
Mortgages and notes payable $ 869,027    
VEREIT | Notes payable      
LIABILITIES      
Mortgages and notes payable $ 4,946,965