Acquisitions	9 Months Ended
Sep. 30, 2021
Acquisitions [Abstract]
Acquisitions	6.ACQUISITIONSThe following table summarizes the Company’s acquisition activity: For the three months For the nine months ended September 30, ended September 30, 2021 2020 2021 2020 (in thousands)Acquisitions of towers and related intangible assets (1) $ 48,255 $ 21,895 $ 217,140 $ 121,319Acquisition of right-of-use assets (2) 694 — 948,392 —Land buyouts and other assets (3) 8,954 58,969 22,222 78,580Total cash acquisition capital expenditures $ 57,903 $ 80,864 $ 1,187,754 $ 199,899 (1)The nine months ended September 30, 2021 includes $77.1 million of acquisitions completed during the fourth quarter of 2020 which were not funded until the first quarter of 2021.(2)During the nine months ended September 30, 2021, the Company acquired the exclusive right to lease and operate 710 utility transmission structures, which included existing wireless tenant licenses from PG&E for $969.9 million. The difference between the agreed upon purchase price of $969.9 million and the cash acquisition amount is due to working capital adjustments. The Company accounted for the payment with respect to these sites as a right-of-use asset, which is recorded in Acquired and other right of use assets, net on its Consolidated Balance Sheets. The payments associated with the right of use of these structures has been fully funded and will be recognized over 70 years.(3)In addition, the Company paid $4.1 million and $2.3 million for ground lease extensions and term easements on land underlying the Company’s towers during the three months ended September 30, 2021 and 2020, respectively, and paid $11.3 million and $5.9 million for ground lease extensions and term easements on land underlying the Company’s towers during the nine months ended September 30, 2021 and 2020, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets.During the nine months ended September 30, 2021, in addition to the acquisition of right-of-use assets, the Company allocated the purchase price of 222 acquired towers and related assets and liabilities consisting of $15.2 million of property and equipment, $111.0 million of intangible assets, and $13.9 million of other net assets and liabilities assumed. In the nine months ended September 30, 2021, all acquisitions were accounted for as asset acquisitions.Subsequent to September 30, 2021, the Company purchased or is under contract to purchase approximately 1,700 communication sites for an aggregate consideration of approximately $231.0 million in cash, including approximately 1,400 sites for approximately $175.0 million in cash relating to the previously announced deal to acquire towers from Airtel Tanzania.The maximum potential obligation related to contingent consideration for acquisitions were $14.8 million and $35.0 million as of September 30, 2021 and December 31, 2020, respectively. No such amounts have been recorded on the Company’s Consolidated Balance Sheet.

Acquisitions

9 Months Ended

Sep. 30, 2021

6.ACQUISITIONSThe following table summarizes the Company’s acquisition activity: For the three months For the nine months ended September 30, ended September 30, 2021 2020 2021 2020 (in thousands)Acquisitions of towers and related intangible assets (1) $ 48,255 $ 21,895 $ 217,140 $ 121,319Acquisition of right-of-use assets (2) 694 — 948,392 —Land buyouts and other assets (3) 8,954 58,969 22,222 78,580Total cash acquisition capital expenditures $ 57,903 $ 80,864 $ 1,187,754 $ 199,899 (1)The nine months ended September 30, 2021 includes $77.1 million of acquisitions completed during the fourth quarter of 2020 which were not funded until the first quarter of 2021.(2)During the nine months ended September 30, 2021, the Company acquired the exclusive right to lease and operate 710 utility transmission structures, which included existing wireless tenant licenses from PG&E for $969.9 million. The difference between the agreed upon purchase price of $969.9 million and the cash acquisition amount is due to working capital adjustments. The Company accounted for the payment with respect to these sites as a right-of-use asset, which is recorded in Acquired and other right of use assets, net on its Consolidated Balance Sheets. The payments associated with the right of use of these structures has been fully funded and will be recognized over 70 years.(3)In addition, the Company paid $4.1 million and $2.3 million for ground lease extensions and term easements on land underlying the Company’s towers during the three months ended September 30, 2021 and 2020, respectively, and paid $11.3 million and $5.9 million for ground lease extensions and term easements on land underlying the Company’s towers during the nine months ended September 30, 2021 and 2020, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets.During the nine months ended September 30, 2021, in addition to the acquisition of right-of-use assets, the Company allocated the purchase price of 222 acquired towers and related assets and liabilities consisting of $15.2 million of property and equipment, $111.0 million of intangible assets, and $13.9 million of other net assets and liabilities assumed. In the nine months ended September 30, 2021, all acquisitions were accounted for as asset acquisitions.Subsequent to September 30, 2021, the Company purchased or is under contract to purchase approximately 1,700 communication sites for an aggregate consideration of approximately $231.0 million in cash, including approximately 1,400 sites for approximately $175.0 million in cash relating to the previously announced deal to acquire towers from Airtel Tanzania.The maximum potential obligation related to contingent consideration for acquisitions were $14.8 million and $35.0 million as of September 30, 2021 and December 31, 2020, respectively. No such amounts have been recorded on the Company’s Consolidated Balance Sheet.