XML 51 R41.htm IDEA: XBRL DOCUMENT v3.22.2.2
Merger with VEREIT, Inc. - Preliminary Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
9 Months Ended
Nov. 01, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
ASSETS        
Goodwill   $ 3,731,478   $ 3,676,705
LIABILITIES        
Weighted average amortization period for acquired lease intangible assets   10 years 10 months 24 days 13 years 1 month 6 days  
Weighted average amortization period for acquired lease intangible liabilities   13 years 9 months 18 days 18 years 7 months 6 days  
VEREIT        
ASSETS        
Land $ 3,021,906      
Buildings 8,677,467      
Total real estate held for investment 11,699,373      
Cash and cash equivalents 128,411      
Accounts receivable 53,355      
Lease intangible assets 3,204,773      
Goodwill 3,717,620      
Investment in unconsolidated entities 175,379      
Other assets 308,910      
Total assets acquired 19,287,821      
LIABILITIES        
Accounts payable and accrued expenses 139,836      
Lease intangible liabilities 949,349      
Other liabilities 320,893      
Total liabilities assumed 7,226,070      
Net assets acquired, at fair value 12,061,751      
Noncontrolling interests 1,352      
Total purchase price $ 12,060,399      
Weighted average amortization period for acquired lease intangible assets 9 years 3 months 18 days      
Weighted average amortization period for acquired lease intangible liabilities 25 years 6 months      
VEREIT | Mortgages payable        
LIABILITIES        
Mortgages and notes payable $ 869,027      
VEREIT | Notes payable        
LIABILITIES        
Mortgages and notes payable $ 4,946,965