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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2020
Acquisitions [Abstract]  
Schedule of Acquisition Activity

For the year ended December 31,

2020

2019

2018

Tower acquisitions (number of towers)

233

2,443

1,316

Schedule of Acquisition Capital Expenditures

For the year ended December 31,

2020

2019

2018

(in thousands)

Acquisitions of towers and related intangible assets (1) (2) (3)

$

181,473

$

701,471

$

406,699

Land buyouts and other assets (4)

89,945

72,486

45,130

Total cash acquisition capital expenditures

$

271,418

$

773,957

$

451,829

(1)The year ended December 31, 2020 excludes $77.1 million of acquisitions completed during the fourth quarter of 2020 which were not funded until the first quarter of 2021.

(2)The year ended December 31, 2019 excludes $1.7 million of acquisitions costs funded through the issuance of 10,000 shares of Class A common stock.

(3)On August 30, 2019, the Company acquired an additional interest of a previously unconsolidated joint venture in South Africa which resulted in the consolidation of the entity. The cash consideration is included herein. Furthermore, the year ended December 31, 2019 excludes $72.0 million associated with the consolidation of this entity.

(4)In addition, the Company paid $12.3 million, $15.2 million, and $24.3 million for ground lease extensions and term easements on land underlying the Company’s towers during the years ending December 31, 2020, 2019, and 2018, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets. Includes amounts paid related to the acquisition of data centers for the years ended December 31, 2020 and 2019.