XML 42 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Marketable Securities
6 Months Ended
Jun. 30, 2012
Marketable Securities  
Marketable Securities

4.                                    Marketable Securities

 

During the six months ended June 30, 2012, Skilled Healthcare Group, Inc. (or SHG) redeemed all of its outstanding Senior Subordinated Notes at par value plus accrued and unpaid interest. The SHG Senior Subordinated Notes had a face rate of 11.0% and an effective yield of 11.1%.  At December 31, 2011, we had a $6,500,000 face value investment in SHG Senior Subordinated Notes. One of our board members is the chief executive officer of SHG. See Note 9. Transactions with Related Party for further discussion.