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Business Combinations
 6 Months Ended
Jun. 30, 2013
Business Combinations [Abstract]  
Business Combinations
Business Combinations
For the six months ended June 30, 2013, we have completed three acquisitions for an aggregate purchase price of $94.1 million, in addition to closing costs attributable to these acquisitions of $0.5 million. Results of operations for these acquisitions are reflected in our condensed consolidated statements of operations for the three and six months ended June 30, 2013, for the periods subsequent to the acquisition dates.
The aggregate purchase price of the 2013 acquisitions was allocated in the amounts set forth in the table below. Since the acquisitions were determined to be individually not significant, but material on a collective basis, the allocations for these acquisitions are set forth below in the aggregate (in thousands):
 
 
Total
Land
 
$
3,772

Building and improvements
 
72,235

Above market leases
 
77

In place leases
 
12,288

Tenant relationships
 
6,063

Below market leases
 
(296
)
Aggregate purchase price
 
$
94,139


The weighted average lives of the above acquired intangible assets and liabilities were 7.7 years and 8.3 years, respectively.
The property acquisitions completed during the six months ended June 30, 2013, were all cash transactions. No mortgage loans payable were assumed or put in place, and we acquired a 100% ownership interest in each property acquisition. See below for a brief description of each of the acquisitions.
•
On March 11, 2013, we completed the acquisition of a medical office building located in Dallas, Texas for $48.7 million.
•
On March 22, 2013, we completed the acquisition of a medical office building located in Bryan - College Station, Texas for $39.8 million.
•
On June 18, 2013, we completed the acquisition of a medical office building located in Atlanta, Georgia for $5.6 million.
Subsequent to the end of the quarter, we completed the following additional acquisitions.
•
On July 12, 2013, we completed the acquisition of a medical office property located in Monroeville, Pennsylvania for $15.1 million.
•
On July 29, 2013, we completed the acquisition of a medical office building located in Denver, Colorado for $42.0 million.