Real Estate Investments (Tables)

3 Months Ended

Mar. 31, 2012

Real Estate Investments

Summary of investments in mortgage loans secured by first mortgages

			Percentage			Number	Number of		Average Investment
Type of Property	Gross Investments		of Investments		Number of Loans	of Properties (1)	SNF Beds	ALF Units	per Bed/Unit
Skilled Nursing	$	27,578	51.8	%	20	21	2,326	—	$	11.86
Assisted Living	22,666		42.5	%	9	14	—	424	53.46
Other Senior Housing (2)	3,038		5.7	%	1	1	99	74	17.56
Totals	$	53,282	100.0	%	30	36	2,425	498

(1)We have investments in 12 states that include mortgages to 14 different operators.

(2)Other senior housing consists of independent living properties and properties providing any combination of skilled nursing, assisted living and/or independent living services.

Summary of investments in owned properties

					Number	Number of			Average Investment
Type of Property	Gross Investments		Percentage of Investments		of Properties (1)	SNF Beds	ALF Units	ILF Units	per Bed/Unit
Skilled Nursing	$	377,143	50.9	%	68	8,025	—	—	$	47.00
Assisted Living	285,981		38.6	%	88	—	3,941	—	72.57
Other Senior Housing (2)	64,704		8.7	%	13	814	256	423	43.34
School	12,229		1.7	%	2	—	—	—	N/A
Under Development (3)	894		0.1	%	—	—	—	—	N/A
Totals	$	740,951	100.0	%	171	8,839	4,197	423

(1)We have investments in 25 states leased to 30 different operators.

(2)Other senior housing consists of independent living properties and properties providing any combination of skilled nursing, assisted living and/or independent living services.

(3)During 2011, we acquired a vacant parcel of land in Texas for $844 and entered into a commitment to fund the construction of a skilled nursing property with 120 beds which will replace an existing 90-bed skilled nursing property.