RECENT ACQUISITIONS OF REAL ESTATE

9 Months Ended

Sep. 30, 2011

RECENT ACQUISITIONS OF REAL ESTATE [Abstract]

Business Combination Disclosure [Text Block]

ACQUISITIONS OF REAL ESTATE

During the nine months ended September 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
Broadmeadow Healthcare	Skilled Nursing Facility	Middletown	DE	August 1, 2011	1,650		21,730		350		70		23,800
Capitol Healthcare	Skilled Nursing Facility	Dover	DE	August 1, 2011	4,940		15,500		300		60		20,800
Pike Creek Healthcare	Skilled Nursing Facility	Wilmington	DE	August 1, 2011	2,460		25,240		410		90		28,200
Renaissance Healthcare	Skilled Nursing Facility	Millsboro	DE	August 1, 2011	1,640		22,620		360		80		24,700
Honey Hill Care Center	Skilled Nursing Facility	Norwalk	CT	September 30, 2011	1,900		5,950		120		30		8,000
Manokin Manor Nursing & Rehabilitation Center	Skilled Nursing Facility	Princess Anne	MD	September 30, 2011	2,180		7,600		180		40		10,000
					$	20,560	$	165,500	$	2,870	$	570	$	189,500

As of September 30, 2011, the purchase price allocations for these 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
Broadmeadow Healthcare	15.0	30.0
Capitol Healthcare	15.0	30.0
Pike Creek Healthcare	15.0	30.0
Renaissance Healthcare	15.0	30.0
Honey Hill Care Center	15.0	30.0
Manokin Manor Nursing & Rehabilitation Center	15.0	30.0

For the nine months ended September 30, 2011, the Company recognized $4.8 million of total revenues from these properties.