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Real Estate Investments, Net (Tables)

6 Months Ended

Jun. 30, 2019

Real Estate [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table presents the allocation of the assets acquired and liabilities assumed during the six months ended June 30, 2019 and 2018, and, in the case of assets located outside of the United States, based on the exchange rate at the time of purchase. All acquisitions in both periods were considered asset acquisitions for accounting purposes.

		Six Months Ended June 30,
(Dollar amounts in thousands)		2019				2018
Real estate investments, at cost:
Land		$	10,978			$	18,816
Buildings, fixtures and improvements		165,261				122,796
Total tangible assets		176,239				141,612
Acquired intangible lease assets:
In-place leases		35,698				24,669
Above-market lease assets		352				—
Below-market lease liabilities		(1,298		)		(4,495		)
Cash paid for acquired real estate investments		$	210,991			$	161,786
Number of properties purchased		11				13

Geographic Rental Income Concentration

The following table lists the countries and U.S. states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10.0% of consolidated annualized rental income on a straight-line basis as of June 30, 2019 and December 31, 2018.

Country / U.S. State		June 30, 2019		December 31, 2018
United States		57.6%		55.7%
Michigan		13.8%		13.7%
United Kingdom		18.1%		19.0%

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- References

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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