Business Combinations (Tables)

12 Months Ended

Dec. 31, 2012

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The aggregate purchase price of the 2012 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 accordance with the guidance prescribed by ASC 805 (in thousands).

2012 Acquisitions	Total
Land	$	13,479
Building and improvements	225,924
Below market leasehold interests	3,284
Above market leases	4,199
In place leases	27,136
Tenant relationships	22,100
Below market leases	(1,472		)
Net assets acquired	294,650
Other liability	287
Aggregate purchase price	$	294,937

For the year ended December 31, 2011, we completed two new acquisitions and expanded two of our existing portfolios through the purchase of additional medical office buildings. The aggregate purchase price associated with these acquisitions was $68.3 million in addition to closing costs attributable to these acquisitions of $0.9 million. 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 accordance with the guidance prescribed by ASC 805 (in thousands).

2011 Acquisitions	Total
Land	$	945
Building and improvements	54,072
Below market leasehold interests	603
Above market leases	209
In place leases	7,671
Tenant relationships	4,691
Below market leases	(149		)
Above market debt	(76		)
Net assets acquired	67,966
Other liability	348
Aggregate purchase price	$	68,314

Business Combination, Revenues and Gains Since Acquisition

We recorded the below revenues and net income (loss) for the year ended December 31, 2012 related to the 2012 acquisitions and for the year ended December 31, 2011 related to the 2011 acquisitions (in thousands):

	2012 Acquisitions		2011 Acquisitions
	Year Ended		Year Ended
	December 31, 2012		December 31, 2011
Revenues	$	26,717	$	4,903
Net income (loss)	7,537		(215		)

Business Acquisition, Pro Forma Information

The following pro forma consolidated results of operations for the years ended December 31, 2012 and 2011, assumes that all 2012 acquisitions occurred on January 1, 2011 and excludes $3.0 million acquisition-related expenses (in thousands, except per share data):

	Year Ended December 31,
	2012			2011
Revenues	$	308,684		$	309,507
Net (loss) income attributable to controlling interest	(21,928		)	6,736
Net (loss) income per share attributable to controlling interest - basic	$	(0.10	)	$	0.03
Net (loss) income per share attributable to controlling interest - diluted	(0.10		)	0.03