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Investments in Real Estate (Tables)

6 Months Ended

Jun. 30, 2020

Real Estate [Abstract]

Summary of Investments in Real Estate

The following table summarizes our investments in real estate:

		As of June 30, 2020				As of December 31, 2019				Depreciable Lives (In years)
Land		$	238,723			$	234,050				—
Building			1,499,444				1,453,052				40
Furniture, fixtures and equipment			126,015				109,263			5-10
Total investment in real estate		$	1,864,182			$	1,796,365
Accumulated depreciation			(187,758	)			(158,435	)
Investments in real estate, net		$	1,676,424			$	1,637,930

Summary of Fair Value of Assets and Liabilities

The following table summarizes the aggregate relative fair value of the assets and liabilities associated with the properties acquired during the six-month period ended June 30, 2020, on the date of acquisition, accounted for under FASB ASC Topic 805-50-15-3.

Description		Fair Value of Assets Acquired During The Six Months Ended June 30, 2020
Assets acquired:
Investments in real estate (a)		$	51,052
Other assets			35
Intangible assets			221
Total assets acquired		$	51,308
Liabilities assumed:
Accounts payable and accrued expenses		$	126
Other liabilities			83
Total liabilities assumed			209
Estimated fair value of net assets acquired		$	51,099

(a) Included $69 of property related acquisition costs capitalized during the six months ended June 30, 2020.

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- Definition

Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

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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=121647850&loc=d3e4845-128472

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