5.ACQUISITIONS

The following table summarizes the Company’s acquisition activity:



	For the three months
	ended March 31,
	2019		2018

	(in thousands)
Acquisitions of towers and related intangible assets (1)	$	42,148	$	108,355
Land buyouts and other assets (2)		13,139		9,267
Total cash acquisition capital expenditures	$	55,287	$	117,622

(1)

The three months ended March 31, 2019 excludes $1.7 million of acquisition costs funded through the issuance of 10,000 shares of Class A common stock.

(2)

In addition, the Company paid $3.8 million and $6.6 million for ground lease extensions and term easements on land underlying the Company’s towers during the three months ended March 31, 2019 and 2018, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets.

During the three months ended March 31, 2019, the Company acquired 54 completed towers and related assets and liabilities consisting of $6.6 million of property and equipment, $33.6 million of intangible assets, and $1.9 million of other net asset balances. All acquisitions in the quarter ended March 31, 2019 were accounted for as asset acquisitions except for one acquisition, purchased for $3.0 million in cash and $1.7 million in the Company’s Class A common stock, which was accounted for as a business combination.