The group's principal activity is to provide finance, owning and leasing healthcare-related and senior housing facilities. On 31-Mar-2004, the portfolio of the group consisted of healthcare related facilities that consisted of 42 hospitals, 199 nursing facilities and 25 senior housing facilities and 11 other healthcare facilities facilities in 39 states. The group has investments relating to 25 healthcare and senior housing facilities located in Ohio and Maryland. The group leases these facilities to healthcare operating companies under leases. The group has been approved as a real estate investment trust by the internal revenue code of 1986. On 05-Feb-2004, the group acquired elder trust.
