Omega Healthcare Investors, Inc. (Omega) is a self-administered real estate investment trust (REIT), investing in income-producing healthcare facilities, such as long-term care facilities located throughout the United States. The Company provides lease or mortgage financing to operators of skilled nursing facilities (SNFs) and, to assisted living facilities (ALFs), independent living facilities and rehabilitation and acute care facilities. It finances investments through borrowings under its revolving credit facilities, private placements or public offerings of debt or equity securities, the assumption of secured indebtedness, or a combination of these methods. As of December 31, 2011, its portfolio of investments consisted of 438 healthcare facilities located in 35 states and operated by 51 third-party operators. It uses the term operator to refer to its tenants and mortgagees and their affiliates who manage and/or operate its properties.