RECENT ACQUISITIONS OF REAL ESTATE

3 Months Ended

Mar. 31, 2012

RECENT ACQUISITIONS OF REAL ESTATE [Abstract]

Business Combination Disclosure [Text Block]

ACQUISITIONS OF REAL ESTATE

During the three months ended March 31, 2012, the Company acquired two skilled nursing facilities for a total purchase price of $29.9 million. The purchase price was allocated as follows (in thousands):

				Intangibles
Land		Building and Improvements		Tenant Origination and Absorption Costs		Tenant Relationship		Total Purchase Price
$	5,100	$	24,150	$	500	$	100	$	29,850

As of March 31, 2012, 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 tenant origination and absorption costs intangible assets and tenant relationship intangible assets acquired in connection with these acquisitions have weighted-average amortization periods as of the date of acquisition of 15 years and 25 years, respectively.

For the three months ended March 31, 2012, the Company recognized $18,000 of total revenues from these properties.