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Supplemental Cash Flow Information (Tables)
 12 Months Ended
Dec. 31, 2012
Supplemental Cash Flow Information  
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.