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Real Estate Investments, Net (Tables)

9 Months Ended

Sep. 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 nine months ended September 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.

		Nine Months Ended September 30,
(Dollar amounts in thousands)		2019				2018
Real estate investments, at cost:
Land		$	22,441			$	24,269
Buildings, fixtures and improvements		243,545				205,990
Total tangible assets		265,986				230,259
Acquired intangible lease assets:
In-place leases		44,256				42,031
Above-market lease assets		406				48
Below-market lease liabilities		(1,645		)		(4,959		)
Cash paid for acquired real estate investments		$	309,003			$	267,379
Number of properties purchased		20				17

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 September 30, 2019 and December 31, 2018.

Country / U.S. State		September 30, 2019		December 31, 2018
United States		59.0%		55.7%
Michigan		13.9%		13.7%
United Kingdom		17.5%		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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-Publisher FASB
-Name Accounting Standards Codification
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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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