Additionally, during January and August, 2014, we spent an aggregate of $7.0 million, including $4.7 million in cash plus an additional $2.3 million in the form of a note payable to the previous third-party member (which was fully repaid in January, 2015 and is reflected in “Accrued expenses and other liabilities” on our Consolidated Balance Sheet at December 31, 2014) to purchase the minority ownership interests held by third party members in eight LLCs (as noted in the table below) in which we previously held various non-controlling majority ownership interests ranging from 85% to 95%.

Name of LLC/LP	Ownership prior to minority interest purchase		Property Owned by LLC	Effective Date
Palmdale Medical Properties		95%	Palmdale Medical Plaza	January 1, 2014
Sparks Medical Properties		95%	Vista Medical Terrace & Sparks MOB	January 1, 2014
DVMC Properties		90%	Desert Valley Medical Center	August 1, 2014
Santa Fe Scottsdale		90%	Santa Fe Professional Plaza	August 1, 2014
PCH Medical Properties		85%	Rosenberg Children’s Medical Plaza	August 1, 2014
Sierra Medical Properties		95%	Sierra San Antonio Medical Plaza	August 1, 2014
PCH Southern Properties		95%	Phoenix Children’s East Valley Care Center	August 1, 2014
3811 Bell Medical Properties		95%	3811 E. Bell	August 1, 2014

Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The aggregate purchase price for these three MOBs and two FEDs was allocated to the assets acquired and liabilities assumed consisting of tangible property and identified intangible assets, based on their respective fair values at acquisition as detailed in the table below.



Land	$7,050
Buildings and improvements	17,518
Intangible assets	2,182
Cash received- exchange transaction	2,000
Other liabilities	(116)
Deposit paid in 2014	(100)
Net book value of property divested in exchange transaction	(3,027)
Gain on exchange transaction	(8,742)

Net cash paid	$16,765

Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The aggregate purchase price for these clinics and MOB was allocated to the assets and liabilities acquired consisting of tangible property and identified intangible assets, based on their respective fair values at acquisition as detailed in the table below.



Land	$3,010
Buildings and improvements	10,664
Intangible assets	2,076
Deposit paid in 2013	(150)

Net cash paid	$15,600

Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The aggregate purchase price of approximately $4.7 million for these MOBs was allocated to the assets and liabilities acquired consisting of tangible property and identifiable intangible assets, based on their respective fair values at acquisition, as detailed in the table below.

Land	$	316
Buildings and improvements		3,749
Intangible assets		610
Other assets		21
Liabilities (real property and operating)		(11	)
Net cash paid	$	4,685