57 annual report 2009 duke realty corporation | | use of estimates the preparation of the financial statements requires management to make a number of estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period . the most significant estimates , as discussed within our summary of significant accounting policies , pertain to the critical assumptions utilized in testing real estate assets for impairment as well as in estimating the fair value of real estate assets when an impairment event has taken place . actual results could differ from those estimates . ( 3 ) significant acquisitions and dispositions consolidation of retail joint ventures through march 31 , 2009 , we were a member in two retail real estate joint ventures with a retail developer . both entities were jointly controlled by us and our partner , through equal voting interests , and were accounted for as unconsolidated subsidiaries under the equity method . as of april 1 , 2009 , we had made combined equity contributions of $ 37.9 million to the two entities and we also had combined outstanding principal and accrued interest of $ 173.0 million on advances to the two entities . we advanced $ 2.0 million to the two entities , who then distributed the $ 2.0 million to our partner in exchange for the redemption of our partner 2019s membership interests , effective april 1 , 2009 , at which time we obtained 100% ( 100 % ) control of the voting interests of both entities . we entered these transactions to gain control of these two entities because it will allow us to operate or dispose of the entities in a manner that best serves our capital needs . in conjunction with the redemption of our partner 2019s membership interests , we entered a profits interest agreement that entitles our former partner to additional payments should the combined sale of the two acquired entities , as well as the sale of another retail real estate joint venture that we and our partner still jointly control , result in an aggregate profit . aggregate profit on the sale of these three projects will be calculated by using a formula defined in the profits interest agreement . we have estimated that the fair value of the potential additional payment to our partner is insignificant . a summary of the fair value of amounts recognized for each major class of assets and liabilities acquired is as follows ( in thousands ) : .

Table: operating rental properties $ 176038 undeveloped land 6500 total real estate investments 182538 other assets 3987 lease related intangible assets 24350 total assets acquired 210875 liabilities assumed -4023 ( 4023 ) net recognized value of acquired assets and liabilities $ 206852

the fair values recognized from the real estate and related assets acquired were primarily determined using the income approach . the most significant assumptions in the fair value estimates were the discount rates and the exit capitalization rates . the estimates of fair value were determined to have primarily relied upon level 3 inputs. .

Question: of the total real estate investments what was the percent of operating rental properties
Answer: 96.4%
Calculation: divide(176038, 182538)
Explanation: 96.4% of the total real estate investments was operating rental properties