Gains On Sales Of Marketable Securities

9 Months Ended

Sep. 30, 2012

Gains On Sales Of Marketable Securities [Abstract]

Realized Gains On Sales Of Marketable Securities [Text Block]

GAINS ON SALES OF MARKETABLE SECURITIES

During the nine months ended September 30, 2011, we sold our 96,330 shares of National HealthCare Corporation’s convertible preferred stock in addition to the sale of 381,000 common shares of LTC and recognized gains of $8,809,000.

During the three months ended September 30, 2011, we recognized a gain of $1,090,000 as a result of the sale of our 50,000 common shares of Nationwide Health Properties, Inc. (“NHP”) in exchange for 39,330 common shares of Ventas, Inc. (“Ventas”) as a result of the acquisition of NHP by Ventas.