Marketable Securities

3 Months Ended

Mar. 31, 2012

Marketable Securities

Marketable Securities

4.Marketable Securities

At March 31, 2012 and December 31, 2011, we had an investment in $6,500,000 face value of Skilled Healthcare Group, Inc. (or SHG) Senior Subordinated Notes with a face rate of 11.0% and an effective yield of 11.1%.  Interest on the notes is payable semi-annually in arrears and the notes mature on January 15, 2014.  On April 12, 2012, SHG announced that they will redeem all of their outstanding Senior Subordinated Notes at par value plus accrued and unpaid interest up to the redemption date of May 12, 2012. One of our board members is the chief executive officer of SHG. See Note 9. Transactions with Related Party for further discussion.