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Subsequent Events (Tables)

6 Months Ended

Jun. 30, 2012

Subsequent Events

Summary of subsequent capital improvement commitments

Commitment			Expiration Date		Funded in July 2012			Used Commitment			Open Commitment			Estimated Yield				Property Type		Properties		Major Operator
$1,700			3/31/13		$ 87			$325			$1,375			9.00%		(1)		SNF		2		N/A
7,935			12/1/13		145			295			7,640			9.25%		(1)		UDP(2)		—		N/A
$9,635					$232			$620			$9,015

(1) Minimum rent will increase upon final funding and project completion or in some cases, the improvement deadline as defined in each lease agreement.

(2) This commitment is to construct a 60-unit free-standing memory care property on a vacant parcel of land in Colorado.

Summary of subsequent loan commitments

Commitment

Expiration
Date

Funded in
July 2012

Used
Commitment

Open
Commitment

Yield

Property
Type

Properties

Major
Operator

$2,500 (1)

12/31/12

$232

$2,431

$69

8.50%

Other

2

N/A

(1) This commitment is a construction and term loan for capital improvements at two senior housing properties we own and lease to the borrower. Upon the earlier of the full funding of the commitment or December 31, 2012, construction distribution under this loan will cease and this loan will fully amortize to maturity in November 2017.