Transactions with Norfolk Southern Railway Company (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Summary of allocations of estimated fair values of assets and liabilities

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