Table of Contents ADOBE SYSTEMS INCORPORATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or estimated useful lives ranging from 1 to 15 years.
Goodwill, Purchased Intangibles and Other Long-Lived Assets We review our goodwill for impairment annually, or more frequently, if facts and circumstances warrant a review.
We completed our annual impairment test in the second quarter of fiscal 2011 and determined that there was no impairment.
In the fourth quarter of fiscal 2011, we announced changes to our business strategy which resulted in a reduction of forecasted revenue for certain of our products.
We performed an update to our goodwill impairment test for the Enterprise reporting unit and determined there was no impairment.
Goodwill is assigned to one or more reporting segments on the date of acquisition.
We evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill.
To determine the fair values, we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows.
Our cash flow assumptions consider historical and forecasted revenue, operating costs and other relevant factors.
We amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists.
We continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets, including our intangible assets may not be recoverable.
When such events or changes in circumstances occur, we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows.
If the future undiscounted cash flows are less than the carrying amount of these assets, we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets.
We did not recognize any intangible asset impairment charges in fiscal 2011, 2010 or 2009.
Our intangible assets are amortized over their estimated useful lives of 1 to 13 years.
Amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed.
The weighted average useful lives of our intangibles assets was as follows:
## Table 0 ##
Software Development Costs Capitalization of software development costs for software to be sold, leased, or otherwise marketed begins upon the establishment of technological feasibility, which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate.
Amortization begins once the software is ready for its intended use, generally based on the pattern in which the economic benefits will be consumed.
To date, software development costs incurred between completion of a working prototype and general availability of the related product have not been material.
Internal Use Software We capitalize costs associated with customized internal-use software systems that have reached the application development stage.
Such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees, who are directly associated with the development of the applications.
Capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose.
HCP, Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) The Company holds an equity interest in CCRC OpCo that has been identified as a VIE (see Note 3).
The equity members of CCRC OpCo ‘‘lack the power’’ because they share certain operating rights with Brookdale as manager of the CCRCs.
The assets of CCRC OpCo primarily consist of the CCRCs that it owns and leases, resident fees receivable, notes receivable and cash and cash equivalents; its obligations primarily consist of operating lease obligations and accounts payable and expense accruals associated with the cost of its CCRCs’ operations.
Assets generated by the CCRC operations (primarily rents from CCRC residents) of CCRC OpCo may only be used to settle its contractual obligations (primarily the rental costs and operating expenses incurred to manage such facilities).
The Company leased 48 properties to a total of seven tenants that have been identified as VIEs (‘‘VIE tenants’’).
These VIE tenants are ‘‘thinly capitalized’’ entities that rely on the operating cash flows generated from the senior housing facilities to pay operating expenses, including the rent obligations under their leases.
The Company holds an interest-only, senior secured term loan made to a borrower (Delphis Operations, L. P. ) that has been identified as a VIE (see Note 7 regarding the Delphis loan).
The ‘‘thinly capitalized’’ loan is collateralized by all of the assets of the borrower (comprised primarily of interests in partnerships that operate surgical facilities, of which one partnership is a tenant of the Company).
The Company holds commercial mortgage-backed securities (‘‘CMBS’’) issued by Federal Home Loan Mortgage Corporation (‘‘Freddie MAC’’) through a special purpose entity that has been identified as a VIE.
The CMBS issued by the VIE are backed by mortgage obligations on senior housing facilities.
The classification of the related assets and liabilities and their maximum loss exposure as a result of the Company’s involvement with these VIEs at December 31, 2014 are presented below (in thousands):
## Table 1 ##
(1) The Company’s maximum loss exposure represents the aggregate carrying amount.
As of December 31, 2014, the Company has not provided, and is not required to provide, financial support through a liquidity arrangement or otherwise, to its unconsolidated VIEs, including circumstances in which it could be exposed to further losses (e. g. , cash shortfalls).
See Notes 3, 6, 7 and 10 for additional descriptions of the nature, purpose and operating activities of the Company’s unconsolidated VIEs and interests therein.
Consolidated Variable Interest Entities The Company holds a 90% ownership interest in a joint venture entity formed in September 2011 that operates senior housing properties in a RIDEA structure (‘‘RIDEA OpCo’’).
The Company historically consolidated RIDEA OpCo as a result of the rights it acquired through the joint venture agreement with Brookdale utilizing the voting interest model.
In the third quarter of 2014, upon the occurrence of a reconsideration event (the Brookdale Transaction), it was determined that RIDEA OpCo is a VIE and that the Company is the primary beneficiary because it has the ability to control the activities that most
Total Portfolio NOI and Adjusted NOI.
In addition to the impact of our SPP, our total portfolio NOI and adjusted NOI increased primarily as a result of the impact of our life science development projects placed in service during 2014 and 2013.
During the year ended December 31, 2014, 1.5 million square feet of new and renewal leases commenced at an average annual base rent of $30.40 per square foot compared to 1.1 million square feet of expiring leases with an average annual base rent of $30.83 per square foot.
During the year ended December 31, 2014, we acquired a fully-occupied 83,000 square foot building with an average annual base rent of $33.87 per square foot.
Medical Office Results are as of and for the years ended December 31, 2014 and 2013 (dollars and sq.
ft.  in thousands, except per sq.
ft.  data):
## Table 2 ##
(1) From our 2013 presentation of SPP, we removed a MOB that was sold.
SPP NOI and Adjusted NOI.
SPP NOI and adjusted NOI increased primarily as a result of annual rent escalations.
Total Portfolio NOI and Adjusted NOI.
In addition to the impact of our SPP, our total portfolio NOI and adjusted NOI increased primarily as a result of our medical office acquisitions in 2014.
During the year ended December 31, 2014, 2.6 million square feet of new and renewal leases commenced at an average annual base rent of $23.15 per square foot compared to 2.6 million square feet of expiring and terminated leases with an average annual base rent of $25.06 per square foot.
During the year ended December 31, 2014, we acquired six MOBs with 953,000 occupied square feet that have average annual base rent of $25.00 per square foot.

<table><tr><td></td><td>Weighted AverageUseful Life (years)</td></tr><tr><td>Purchased technology</td><td>6</td></tr><tr><td>Customer contracts and relationships</td><td>10</td></tr><tr><td>Trademarks</td><td>7</td></tr><tr><td>Acquired rights to use technology</td><td>9</td></tr><tr><td>Localization</td><td>1</td></tr><tr><td>Other intangibles</td><td>3</td></tr></table>
<table><tr><td></td><td></td><td>Maximum Loss</td></tr><tr><td>VIE Type</td><td>Asset/Liability Type</td><td>Exposure-1</td></tr><tr><td>CCRC OpCo</td><td>Investments in unconsolidated joint ventures</td><td>$246,617</td></tr><tr><td>VIE tenants—operating leases</td><td>Lease intangibles, net and straight-line rent receivables</td><td>12,862</td></tr><tr><td>VIE tenants—DFLs</td><td>Net investment in DFLs</td><td>600,005</td></tr><tr><td>Loan—senior secured</td><td>Loans receivable, net</td><td>17,470</td></tr><tr><td>CMBS</td><td>Marketable debt securities</td><td>17,682</td></tr></table>
<table><tr><td></td><td colspan="3">SPP</td><td colspan="3">Total Portfolio</td></tr><tr><td></td><td>2014</td><td>2013 -1</td><td>Change</td><td>2014</td><td>2013</td><td>Change</td></tr><tr><td>Rental revenues</td><td>$296,216</td><td>$292,680</td><td>$3,536</td><td>$312,734</td><td>$299,102</td><td>$13,632</td></tr><tr><td>Tenant recoveries</td><td>54,935</td><td>52,769</td><td>2,166</td><td>58,222</td><td>53,232</td><td>4,990</td></tr><tr><td>Totalsegmentrevenues</td><td>$351,151</td><td>$345,449</td><td>$5,702</td><td>$370,956</td><td>$352,334</td><td>$18,622</td></tr><tr><td>Operating expenses</td><td>-134,275</td><td>-131,148</td><td>-3,127</td><td>-148,199</td><td>-139,376</td><td>-8,823</td></tr><tr><td>NOI</td><td>$216,876</td><td>$214,301</td><td>$2,575</td><td>$222,757</td><td>$212,958</td><td>$9,799</td></tr><tr><td>Straight-line rents</td><td>-1,270</td><td>-3,088</td><td>1,818</td><td>-2,022</td><td>-3,161</td><td>1,139</td></tr><tr><td>Amortization of market lease intangibles, net</td><td>995</td><td>950</td><td>45</td><td>861</td><td>1,037</td><td>-176</td></tr><tr><td>Lease termination fees</td><td>-192</td><td>-23</td><td>-169</td><td>-245</td><td>-23</td><td>-222</td></tr><tr><td>Adjusted NOI</td><td>$216,409</td><td>$212,140</td><td>$4,269</td><td>$221,351</td><td>$210,811</td><td>$10,540</td></tr><tr><td>Adjusted NOI % change</td><td></td><td></td><td>2.0%</td><td></td><td></td><td></td></tr><tr><td>Property count</td><td>203</td><td>203</td><td></td><td>215</td><td>206</td><td></td></tr><tr><td>Average occupancy</td><td>91.4</td><td>91.3%</td><td></td><td>90.7%</td><td>90.7%</td><td></td></tr><tr><td>Average occupied sq. ft.</td><td>12,618</td><td>12,582</td><td></td><td>13,178</td><td>12,767</td><td></td></tr><tr><td>Average annual totalsegmentrevenues per occupied sq. ft.</td><td>$28</td><td>$27</td><td></td><td>$28</td><td>$27</td><td></td></tr><tr><td>Average annual rental revenues per occupied sq. ft.</td><td>$23</td><td>$23</td><td></td><td>$24</td><td>$23</td><td></td></tr></table>

Question: What's the growth rate of NOI of total portfolio in 2014?
Answer: 0.04601