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Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2018
Acquisitions [Abstract]  
Schedule of Acquisition Activity



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the year ended December 31,



 

2018

 

2017

 

2016

Tower acquisitions (number of towers)

 

 

 1,316 

 

 

 1,425 

 

 

 531 



Schedule of Acquisition Capital Expenditures



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the year ended December 31,



 

2018

 

2017

 

2016



 

 

 

 

 

 

 

 

 



 

 

(in thousands)

Acquisitions of towers and related intangible assets (1)

 

$

 406,699 

 

$

 392,902 

 

$

 214,686 

Land buyouts and other assets (2)

 

 

 45,130 

 

 

 48,645 

 

 

 62,149 

Total cash acquisition capital expenditures

 

$

 451,829 

 

$

 441,547 

 

$

 276,835 



(1)

The year ended December 31, 2017 excludes $63.3 million of acquisition costs funded through the issuance of 487,963 shares of Class A common stock.

(2)

In addition, the Company paid $24.3 million, $18.8 million, and $14.1 million for ground lease extensions and term easements on land underlying the Company’s towers during the years ending December 31, 2018,  2017, and 2016, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets.