Merger With Tier REIT, Inc. (Tables)

6 Months Ended

Jun. 30, 2019

The purchase price was allocated as follows (in thousands):



Real estate assets	$	2,186,143
Real estate assets held for sale	29,193
Cash and cash equivalents	84,042
Restricted cash	1,936
Notes and other receivables	6,416
Investment in unconsolidated joint ventures	349
Intangible assets	146,943
Other assets	11,836
	2,466,858

Notes payable	747,549
Accounts payable and accrued expenses	48,173
Deferred income	8,388
Intangible liabilities	51,403
Other liabilities	7,796
Nonredeemable noncontrolling interest	5,187
	868,496

Total purchase price	$	1,598,362

The following table summarizes the allocations of the estimated fair value of the assets and liabilities of the 1200 Peachtree discussed above (in thousands):



Tangible assets:
Land and improvements	$	19,495
Building	62,836
Tangible assets	82,331

Intangible assets:
In-place leases	9,969
Intangible assets	9,969

Total assets acquired	$	92,300

Supplemental pro forma information

The following unaudited supplemental pro forma information is based upon the Company's historical consolidated statements of operations, adjusted as if the Merger had occurred on January 1, 2018. The supplemental pro forma information is not necessarily indicative of future results, or of actual results, that would have been achieved had the Merger been consummated at the beginning of the period.



	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
	(unaudited, in thousands)
Revenues	$	182,114	$	172,894	$	365,382	$	346,442
Net income (loss)	63,386		14,696		87,813		(10,470		)
Net income (loss) available to common stockholders	62,503		14,466		86,643		(10,416		)