Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2012

4. Supplemental Cash Flow Information

	For the year ended December 31,

	2012		2011			2010
	(in thousands)
Non-cash investing and financing transactions:
Conversion of mortgage loans to owned properties	$	—	$	—		$	2,900
Acquisition of real estate investments		—		5,975	⁽¹⁾		—
Capitalized interest		130		45			117
Conversion of preferred stock to common stock		—		—			823
Redemption of non-controlling interest		396		—			—
Restricted stock issued, net of cancellations		1		—			2

⁽¹⁾: We purchased four skilled nursing properties with 524-beds in Texas for $50,841 which consists of $41,000 in cash at closing with the remainder in the form of contingent earn-out payments. The contingent earn-out payment arrangements require us to pay two earn-out payments totaling up to $11,000 upon the properties achieving a sustainable stipulated rent coverage ratio. During 2011, we paid $4,000 related to the first contingent earn-out payment which has been included in Investment in real estate properties, net on our consolidated statement of cash flows. See Note 11. Commitments and Contingencies for further discussion.

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

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