

	For the three months
	ended March 31,
	2022		2021


Acquisitions of towers and related intangible assets ⁽¹⁾	$	207,863	$	101,630
Acquisition of right-of-use assets ⁽²⁾		—		945,915
Land buyouts and other assets ⁽³⁾		7,318		5,131
Total cash acquisition capital expenditures	$	215,181	$	1,052,676

(1)During the three months ended March 31, 2022, the Company closed on 1,445 sites under the previously announced deal with Airtel Tanzania for $176.1 million. Legal title was fully transferred at closing for 963 of the towers. The remaining 482 towers are pending post-closing site level documentation and due diligence and were initially accounted for as acquired and other right-of-use assets, net on the consolidated balance sheet until transfer of title for these towers is completed, which the Company anticipates to be in tranches through the end of the second quarter of 2023. Upon legal transfer, these assets will be reclassified to tower related assets. During this period of time, the Company has all the economic rights and obligations related to these towers.

(2)During the three months ended March 31, 2021, the Company acquired the exclusive right to lease and operate 697 utility transmission structures, which included existing wireless tenant licenses from PG&E for $954.0 million. The difference between the purchase price 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 $3.8 million and $2.8 million for ground lease extensions and term easements on land underlying the Company’s towers during the three months ended March 31, 2022 and 2021, respectively. The Company recorded these amounts in prepaid rent on its Consolidated Balance Sheets.

During the three months ended March 31, 2022, the Company acquired 1,807 towers and related assets and liabilities consisting of $74.9 million of property and equipment, net $83.2 million of intangible assets, net, $36.3 million of operating lease right-of-use assets, net, $58.3 million of acquired and other right-of-use assets, net, and $44.9 million of other net liabilities assumed. All acquisitions in the three months ended March 31, 2022 were accounted for as asset acquisitions.

Subsequent to March 31, 2022, the Company purchased, or is under contract to purchase, 358 communication sites and one data center for an aggregate consideration of $177.1 million in cash.