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Subsequent Events (Tables) | 9 Months Ended
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Sep. 30, 2012
Subsequent Events |
Summary of subsequent capital improvement commitments and investments |
Commitment |  | Expiration Date |  | Funded in October 2012 |  | Used Commitment |  | Open Commitment |  | Initial Cash Yield |  |  | Property Type |  | Properties |
$ 1,700 |  |  | 3/31/13 |  |  | $ 219 |  |  | $ 711 |  |  | $ 989 |  |  | 9.00% |  | (1) |  | SNF |  | 2 |
8,250 |  |  | 10/11/13 |  |  | 426 |  |  | 918 |  |  | 7,332 |  |  | 9.00% |  | (1) |  | UDP(3) |  | — |
7,935 |  |  | 12/1/13 |  |  | 847 |  |  | 2,285 |  |  | 5,650 |  |  | 9.25% |  | (1) |  | UDP(4) |  | — |
9,855 |  |  | 10/23/14 |  |  | 492 |  |  | 492 |  |  | 9,363 |  |  | 9.25% |  | (1) |  | UDP(5) |  | — |
30 |  |  | 8/31/15 |  |  | 30 |  |  | 30 |  |  | — |  |  |  |  | (2) |  | EDU |  | 1 |
$27,770 |  |  |  |  |  | $2,014 |  |  | $4,436 |  |  | $23,334 |  |  |  |  |  |  |  |  |  |
(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) The yield is included in the initial lease rate. (3) This commitment is to construct a 120-bed skilled nursing property in Texas which will replace an existing 90-bed skilled nursing property we own. (4) This commitment is to construct a 60-unit free-standing memory care property on a vacant parcel of land in Colorado. (5) This commitment is to construct a 77-unit assisted living and memory care property, as previously discussed above.
Summary of subsequent loan commitments |
Commitment |  | Expiration Date |  | (Received)/ Funded in October 2012 |  | Used Commitment |  |  | Open Commitment |  |  | Initial Cash Yield |
$250 |  |  | 11/30/12 |  | $(50) |  | $150 |  |  | $100 |  |  | 9.00% |
667 | (1) |  | 12/31/12 |  | 177 |  | 370 |  |  | 297 |  |  | 9.00% |
$917 |  |  |  |  | $127 |  | $520 |  |  | $397 |  |  |  |
(1) This commitment is a construction and term loan for capital improvements at a skilled nursing property 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 May 2018.

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- Definition Tabular disclosure of key provisions of an arrangement under which the entity has agreed to make subsequent capital improvements. + References No definition available. + Details
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- Definition Tabular disclosure of the subsequent loan commitments of the entity. + References No definition available. + Details
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