Merger With Tier REIT, Inc. (Tables)

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

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

Real estate assets	$	2,201,773
Real estate assets held for sale	21,005
Cash and cash equivalents	84,042
Restricted cash	1,947
Notes and other receivables	6,586
Investment in unconsolidated joint ventures	292
Intangible assets	141,184
Other assets	9,954
	2,466,783
Notes payable	747,549
Accounts payable and accrued expenses	51,748
Deferred income	8,131
Intangible liabilities	47,988
Other liabilities	7,676
Nonredeemable noncontrolling interests	5,329
	868,421
Total purchase price	$	1,598,362

Schedule of 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 on January 1, 2018.

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Revenues	$	182,288	$	367,319
Net income	62,092		87,744
Net income available to common stockholders	61,211		86,576