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Subsequent Events	9 Months Ended
	Sep. 30, 2011
Subsequent Events
Subsequent Events	12. Subsequent Events Subsequent to September 30, 2011 the following events occurred. We acquired a 196-bed skilled nursing property in Texas for a purchase price of $15,500,000.  Additionally, we purchased a vacant parcel of land in Texas for a purchase price of $844,000 and entered into a commitment, in an amount not to exceed $8,250,000, to fund the construction of a skilled nursing property with 120 beds. The commitment includes interest compounded at 9% on each advance made from the disbursement date until the final distribution of the commitment or the expiration date. Minimum rent will increase upon the earlier of final funding, project completion or the improvement deadline of October 11, 2013. We funded $50,000 of this commitment.  This new property will replace a 90-bed skilled nursing property in our existing portfolio.  Upon completion of the construction, we intend to sell the existing 90-bed skilled nursing property and the lessee intends to relocate the residents to the newly constructed property.  These properties are leased to an operator within our existing portfolio pursuant to a 10-year master lease agreement at a GAAP yield of 11.0%.  The master lease contains annual escalations of 2.5% and has two 5-year renewal options. We purchased a 156-bed skilled nursing property located in California for $17,500,000 and entered into a 12-year lease with an unrelated third party operator. The lease has a GAAP yield of 10.3%, contains annual escalations of 2.0% and has two 10-year renewal options. We borrowed $29,600,000 under our Unsecured Credit Agreement. Accordingly, we had $58,000,000 outstanding under our Unsecured Credit Agreement with $152,000,000 available for borrowing. We entered into an Amended and Restated Note Purchase and Private Shelf Agreement with Prudential Investment Management, Inc. which provides for the possible issuance of up to an additional $100,000,000 of senior unsecured fixed-rate term notes during a three-year issuance period. We declared a monthly cash dividend of $0.14 per common share per month for the months of October, November and December, 2011, payable on October 31, November 30 and December 30, 2011, respectively, to stockholders of record on October 21, November 22 and December 22, 2011, respectively.

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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