Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2018

Supplemental Cash Flow Elements [Abstract]

NOTE 18. SUPPLEMENTAL CASH FLOW INFORMATION

Our significant noncash investing and financing activities for the years ended December 31, 2018, 2017 and 2016 included the following:

•	We completed the DCT Transaction on August 22, 2018 for $8.5 billion through the issuance of equity and the assumption of debt. See Note 3 for more information on this transaction.

•	We capitalized $26.4 million, $28.8 million and $25.8 million in 2018, 2017 and 2016, respectively, of equity-based compensation expense resulting from our development and leasing activities.

•	We received $386.7 million, $153.3 million and $135.3 million of ownership interests in certain unconsolidated co-investment ventures as a portion of our proceeds from the contribution of properties to these entities during 2018, 2017 and 2016, respectively, as disclosed in Note 5.

•	We formed a consolidated venture into which our partner contributed $11.8 million of land in 2018.

•	We issued 1.5 million shares and 1.9 million shares in 2017 and 2016, respectively, of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the OP.

•	We received $53.8 million of notes receivable backed by real estate in exchange for the disposition of real estate in 2017.

•

We contributed operating properties owned by NAIF to USLF in 2017. As a result, we received $1.1 billion of units or ownership interest in USLF as a portion of our proceeds from this contribution. In addition, USLF acquired the $19.5 million note receivable backed by real estate we received in 2017 and assumed $956.0 million of secured mortgage debt.