58| | duke realty corporation annual report 2009 we recognized a loss of $ 1.1 million upon acquisition , which represents the difference between the fair value of the recognized assets and the carrying value of our pre-existing equity interest .the acquisition date fair value of the net recognized assets as compared to the acquisition date carrying value of our outstanding advances and accrued interest , as well as the acquisition date carrying value of our pre-existing equity interests , is shown as follows ( in thousands ) : .
[['net fair value of acquired assets and liabilities', '$ 206852'], ['less advances to acquired entities eliminated upon consolidation', '-173006 ( 173006 )'], ['less acquisition date carrying value of equity in acquired entities', '-34908 ( 34908 )'], ['loss on business combination', '$ -1062 ( 1062 )']]
since april 1 , 2009 , the results of operations for both acquired entities have been included in continuing operations in our consolidated financial statements .due to our significant pre-existing ownership and financing positions in the two acquired entities , the inclusion of their results of operations did not have a material effect on our operating income .acquisitions we acquired income producing real estate related assets of $ 32.1 million , $ 60.5 million and $ 219.9 million in 2009 , 2008 and 2007 , respectively .in december 2007 , in order to further establish our property positions around strategic port locations , we purchased a portfolio of five industrial buildings in seattle , virginia and houston , as well as approximately 161 acres of undeveloped land and a 12-acre container storage facility in houston .the total price was $ 89.7 million and was financed in part through assumption of secured debt that had a fair value of $ 34.3 million .of the total purchase price , $ 64.1 million was allocated to in-service real estate assets , $ 20.0 million was allocated to undeveloped land and the container storage facility , $ 5.4 million was allocated to lease related intangible assets , and the remaining amount was allocated to acquired working capital related assets and liabilities .the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements .all other acquisitions were not individually material .dispositions we disposed of income producing real estate related assets with gross proceeds of $ 267.0 million , $ 426.2 million and $ 590.4 million in 2009 , 2008 and 2007 , respectively .we sold five properties in 2009 and seven properties in 2008 to an unconsolidated joint venture .the gross proceeds totaled $ 84.3 million and $ 226.2 million for the years ended december 31 , 2009 and 2008 , respectively .in march 2007 , as part of our capital recycling program , we sold a portfolio of eight suburban office properties totaling 894000 square feet in the cleveland market .the sales price totaled $ 140.4 million , of which we received net proceeds of $ 139.3 million .we also sold a portfolio of twelve flex and light industrial properties in july 2007 , totaling 865000 square feet in the st .louis market , for a sales price of $ 65.0 million , of which we received net proceeds of $ 64.2 million .all other dispositions were not individually material .( 4 ) related party transactions we provide property management , leasing , construction and other tenant related services to unconsolidated companies in which we have equity interests .for the years ended december 31 , 2009 , 2008 and 2007 , respectively , we earned management fees of $ 8.4 million , $ 7.8 million and $ 7.1 million , leasing fees of $ 4.2 million , $ 2.8 million and $ 4.2 million and construction and development fees of $ 10.2 million , $ 12.7 million and $ 13.1 million from these companies .we recorded these fees based on contractual terms that approximate market rates for these types of .

Question: what was the ratio of the net fair value of acquired assets and liabilities to the advances and equity
Answer: 0.994
Explanation: the net fair value of the assets and liabilities was less that the advances and equity assumed in the transaction at 0.99 to 1