| ASSET ACQUISITIONS |
The Company did not acquire any assets during the six months ended June 30, 2026. The following table summarizes the cell tower asset acquisitions for the six months ended June 30, 2025, which became part of the disposed group of assets in the Tower Sale and are included in the discontinued operations. Refer to Note 6, “Discontinued Operations,” for related disclosures. | | | | | | | | | | | | | | | | | | | | | | | | Number of | | Total | | | | | Asset | | | | | | | | Properties | | Purchase | | Right-of-Use | | Retirement | Property | | Market | | Closing Date | | Acquired | | Price(1) | | Asset(2) | | Obligation(3) | Plada Heights | | Tennessee | | | January 22, 2025 | | 1 | | $ | 623,495 | | $ | — | | $ | 26,463 | Lemont Lane | | Tennessee | | | February 5, 2025 | | 1 | | | 676,379 | | | 93,083 | | | 26,468 | Murfreesboro | | Tennessee | | | May 6, 2025 | | 1 | | | 708,595 | | | 90,556 | | | 29,148 | Anchor | | Tennessee | | | May 23, 2025 | | 1 | | | 627,811 | | | — | | | 27,808 | Rockvale | | Tennessee | | | June 23, 2025 | | 1 | | | 628,838 | | | — | | | 26,468 | Total | | | | | | | 5 | | $ | 3,265,118 | | $ | 183,639 | | $ | 136,355 |
| (1) | Includes capitalized acquisition-related costs. |
| (2) | Right-of-use assets were obtained in exchange for the assumption of operating lease liabilities of the same values as part of the asset acquisitions. |
| (3) | Asset retirement obligations were assessed as part of the asset acquisitions. |
The related assets, liabilities, and results of operations of the acquired properties were originally included in the consolidated financial statements from the date of acquisition. Following the Tower Sale, these accounts were included in the discontinued operations. The following table summarizes the estimated relative fair value purchase price allocations of the assets acquired and liabilities assumed at the acquisition dates as of June 30, 2025: | | | | | | June 30, 2025 | Assets: | | | | Cell towers | | $ | 1,996,869 | Land | | | 89,536 | Contract rights and tenant relationships | | | 412,210 | Network location & capacity | | | 705,426 | Rooftop easements and ground easements | | | 197,433 | Right-of-use assets obtained in exchange for operating lease liabilities | | | 183,639 | Total assets acquired | | | 3,585,113 | Liabilities: | | | | Asset retirement obligation | | | 136,356 | Ground lease liabilities | | | 183,639 | Total liabilities assumed | | | 319,995 | Total Purchase Price | | $ | 3,265,118 |
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