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Acquisition of MPC Partnership Holdings LLC (Tables) | 12 Months Ended
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Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes the consideration transferred as of the Acquisition Date, excluding transaction costs:
Cash consideration paid by RMR LLC |  | $ | 84,474 |
Earnout |  | 14,547 |
Total consideration |  | $ | 99,021 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the fair value amounts recognized for the assets acquired and liabilities assumed and resulting goodwill as of the Acquisition Date:
Assets acquired: |  |
Cash and cash equivalents |  | $ | 5,703 |
Real estate |  | 8,460 |
Due from related parties |  | 6,788 |
Prepaid and other current assets |  | 1,373 |
Intangible assets: |  |
Property management and investment management agreements |  | 13,456 |
Trade name |  | 5,175 |
Investor relationships |  | 1,843 |
Acquired leases |  | 703 |
Total intangible assets |  | 21,177 |
Total assets acquired |  | 43,501 |
Liabilities assumed: |  |
Mortgage note payable |  | 4,726 |
Other liabilities |  | 9,212 |
Total liabilities |  | 13,938 |
Net identifiable assets acquired |  | 29,563 |
Noncontrolling interests in consolidated entity |  | (444) |
Goodwill |  | 69,902 |
Total consideration |  | $ | 99,021 |
The allocation of the fair value of the Woodstock Property and related acquired leases as of the Acquisition Date is as follows:
Land |  | $ | 1,400 |
Building and improvements |  | 7,060 |
Acquired leases |  | 703 |
Total real estate and acquired leases |  | $ | 9,163 |
Schedule of Business Acquisition, Pro Forma Information | The unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of future operations or results had the Acquisition been completed as of October 1, 2022.
|  |  |  |  |  | Fiscal Years Ended September 30, |  |
|  |  |  |  |  | 2024 |  | 2023 |  |  |  |
Total revenues |  |  |  |  |  | $ | 909,231 |  |  | $ | 1,029,963 |  |  |  |  |
Net income |  |  |  |  |  | 50,489 |  |  | 101,324 |  |  |  |  |
Net income attributable to The RMR Group Inc. |  |  |  |  |  | 22,003 |  |  | 45,383 |  |  |  |  |
Asset Acquisition | Our allocation of the purchase price of this acquisition is based on the relative fair value of the acquired assets and is presented in the following table:
Land |  | $ | 10,084 |
Building and improvements |  | 58,032 |
Acquired leases |  | 2,393 |
Total consideration |  | $ | 70,509 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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