Acquisitions

3 Months Ended

Mar. 31, 2015

Acquisitions [Abstract]

Acquisitions

5.ACQUISITIONS

The Company acquired 59 communication sites during the three months ended March 31, 2015.These acquisitions were not significant to the Company and, accordingly, a preliminary estimate of the fair value of the assets acquired and liabilities assumed has not been presented. The Company evaluates all acquisitions after the applicable closing date of each transaction to determine whether any additional adjustments are needed to the allocation of the purchase price paid for the assets acquired and liabilities assumed by major balance sheet caption, as well as the separate recognition of intangible assets from goodwill if certain criteria are met.

The following table summarizes all of the Company’s cash acquisition capital expenditures:

	For the three months
	ended March 31,
	2015		2014
	(in thousands)
Towers and related intangible assets	$	42,630	$	918,071
Ground lease buyouts (1)		10,649		9,582
Total cash acquisition capital expenditures	$	53,279	$	927,653

(1) In addition, the Company paid $3.3 million and $1.3 million for ground lease extensions and term easements during the three months ended March 31, 2015 and 2014, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets.

Subsequent to March 31, 2015and through April 23, 2015, the date of the Company’s most recent public earnings press release, the Company acquired 20 towers for $17.6 million in cash. Subsequent to April 23, 2015 and through the date of this filing, the Company did not complete any material acquisitions.