RECENT ACQUISITIONS OF REAL ESTATE

3 Months Ended

Jun. 30, 2011

RECENT ACQUISITIONS OF REAL ESTATE [Abstract]

Business Combination Disclosure [Text Block]

RECENT ACQUISITIONS OF REAL ESTATE

During the three months ended June 30, 2011, the Company acquired the following properties (in thousands):

									Intangibles
Property	Type	City	State	Acquisition Date	Land		Building and Improvements		Tenant Origination and Absorption Costs		Tenant Relationship		Total Purchase Price
Texas Regional Medical Center at Sunnyvale	Acute Care Hospital	Sunnyvale	TX	May 3, 2011	$	3,760	$	57,870	$	970	$	100	$	62,700
Oak Brook Health Care Center	Skilled Nursing Facility	Whitehouse	TX	June 30, 2011	2,030		8,990		180		100		11,300
					$	5,790	$	66,860	$	1,150	$	200	$	74,000

As of June 30, 2011, the purchase price allocations for both properties are preliminary pending the receipt of information necessary to complete the valuation of certain tangible and intangible assets and liabilities and therefore are subject to change.

The intangible assets and liabilities acquired in connection with these acquisitions have weighted-average amortization periods as of the date of acquisition as follows (in years):

	Tenant Origination and Absorption Costs	Tenant Relationship
Texas Regional Medical Center at Sunnyvale	25.0	35.0
Oak Brook Health Care Center	15.0	25.0

For the three months ended June 30, 2011, the Company recognized $1.1 million of total revenues from these properties.