Merger With Tier REIT, Inc. (Tables)

9 Months Ended

Sep. 30, 2019

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



Real estate assets	$	2,186,719
Real estate assets held for sale	29,193
Cash and cash equivalents	84,042
Restricted cash	1,947
Notes and other receivables	7,447
Investment in unconsolidated joint ventures	349
Intangible assets	142,316
Other assets	10,039
	2,462,052

Notes payable	747,549
Accounts payable and accrued expenses	48,030
Deferred income	8,388
Intangible liabilities	46,579
Other liabilities	7,796
Nonredeemable noncontrolling interests	5,348
	863,690

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 condensed 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 September 30,				Nine months ended September 30,
	2019		2018		2019		2018
	(unaudited, in thousands)
Revenues	$	188,323	$	176,711	$	555,324	$	521,945
Net income	21,740		44,218		110,188		30,829
Net income available to common stockholders	21,410		43,689		108,724		30,466