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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | PURCHASE PRICE ALLOCATION A summary of the cumulative consideration paid and the preliminary allocation of the purchase price paid for all of our 2021 acquisitions through September 30, 2021 is as follows:
| NINE MONTHS ENDED SEPTEMBER 30, 2021
Cash Paid (gross of cash acquired) | $ | 224,192 |
Fair Value of Noncontrolling Interests | 3,878 |
Purchase Price Holdbacks and Other | 2,534 |
Total Consideration | 230,604 |
Fair Value of Identifiable Assets Acquired and Liabilities Assumed: |
Cash | 20,440 |
Accounts Receivable, Prepaid Expenses and Other Assets | 25,392 |
Property, Plant and Equipment(1) | 147,132 |
Customer Relationship Intangible Assets(2) | 39,315 |
Operating Lease Right-of-Use Assets | 45,209 |
Data Center In-Place Leases(3) | 4,994 |
Data Center Tenant Relationships(4) | 4,682 |
Data Center Above-Market Leases(5) | 1,042 |
Debt Assumed | (9,026) |
Accounts Payable, Accrued Expenses and Other Liabilities | (23,082) |
Operating Lease Liabilities | (45,209) |
Deferred Income Taxes | (7,436) |
Data Center Below-Market Leases(5) | (20) |
Total Fair Value of Identifiable Net Assets Acquired | 203,433 |
Goodwill Initially Recorded | $ | 27,171 |
(1)Consists primarily of land and building. (2)The preliminary weighted average lives of customer relationship intangible assets associated with acquisitions is 9 years. (3) The preliminary weighted average lives of data center in-place leases associated with acquisitions is 5 years. (4) The preliminary weighted average lives of data center tenant relationships associated with acquisitions is 5 years. (5) The preliminary weighted average lives of data center above-market leases associated with acquisitions is 5 years and the weighted average lives of data center below-market leases associated with acquisitions is 4 years.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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