Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Total Revenues and Net Income Attributable to Acquisitions

The following table summarizes the allocation of the estimated fair values of the assets and liabilities acquired as part of the ARPI 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 or extinguished
Credit facility	350,000
Exchangeable senior notes	112,298
Asset-backed securitization	329,703
Total debt assumed or extinguished	792,001

Equity transaction consideration	530,460

Total transaction consideration	$	1,322,461

Schedule of Estimated Fair Values of Assets and Liabilities Acquired

The following table presents the total revenues and net income attributable to the ARPI Merger that are included in our consolidated statements of operations for the year ended December 31, 2016 (in thousands):



	For the Period from February 29, 2016 to December 31, 2016
Total revenues	$	119,245
Net income	$	1,237

Schedule of Company's Supplemental Consolidated Unaudited Pro Forma Total Revenues and Net Income

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



	For the Years Ended December 31,
	2016			2015
Pro forma total revenues (1)	$	900,958		$	754,710
Pro forma net loss (1)	$	(8,989	)	$	(54,995	)
Pro forma net loss per share / unit (1)	$	(0.22	)	$	(0.37	)


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