Exhibit 10.29
ASSIGNMENT, ASSUMPTION AND ALLOCATION AGREEMENT

This ASSIGNMENT, ASSUMPTION AND ALLOCATION AGREEMENT (this “Agreement”) is
entered into as of November 12, 2012, between American Realty Capital Healthcare
Trust, Inc., a Maryland corporation (the “Company”) and American Realty Capital
Healthcare Trust Operating Partnership, L.P., a Delaware limited partnership
(the “OP”, and, together with the Company, the “Parties”).
WITNESSETH
WHEREAS, the Company is the general partner of the OP;
WHEREAS, the Parties desire to effect the assignment, conveyance, transfer and
delivery from the Company to the OP all of the Company’s right, title and
interest in and to all the Company’s assets (other than (a) any Partnership
Interests (as defined in the Amended and Restated Agreement of Limited
Partnership of the OP, dated as of November 12, 2012, as the same may be amended
from time to time (the “OP Agreement”)) held by the Company and (b) any
distributions previously paid, now payable or contemplated to be paid to the
Company under the terms of the OP Agreement;
WHEREAS, the Parties desire that the OP should assume and agree to pay, perform
and discharge all the Company’s liabilities and obligations (other than any
liabilities and obligations of the Company that arise solely in the Company’s
capacity as a partner of the OP); and
WHEREAS, the Parties desire to confirm the allocation of capital between the
Company and the OP;
NOW, THEREFORE, in consideration of the premises made hereunder, and for good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties, intending to be legally bound, hereby agree as
follows:
1.
Assignment of Assets. The Company hereby assigns, conveys, transfers and
delivers to the OP all of the Company’s right, title and interest in and to all
the Company’s assets (other than (a) any Partnership Interests (as defined in
the OP Agreement) held by the Company and (b) any distributions previously paid,
now payable or contemplated to be paid to the Company under the terms of the OP
Agreement).

2.
Assumption of Liabilities. The OP hereby assumes and agrees to pay, perform and
discharge all the Company’s liabilities and obligations (other than any
liabilities and obligations of the Company that arise solely in the Company’s
capacity as a partner of the OP).

3.
Allocation of Capital. The Parties hereby confirm that, consistent with the past
and current practice of the Parties: (a) all Assets (as defined in the Company’s
Articles of Incorporation, filed with the Maryland State Department of
Assessments and Taxation, or other organizational document

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governing the Company, as amended, supplemented or restated from time to time
(the “Charter”)) shall be owned directly or indirectly by the OP; (b) the
Company shall have no liabilities or obligations (other than any liabilities or
obligations of the Company that arise solely in the Company’s capacity as a
partner of the OP) that are not assumed by the OP; (c) the Company shall
contribute all its capital, including any cash, cash equivalents or property, to
the OP pursuant to Article 4 (or any successor provision) of the OP Agreement;
provided, that notwithstanding the foregoing clause of this subsection (c), the
Company shall not contribute to the OP any distributions paid to the Company
under the terms of the OP Agreement; and (d) in connection with any contribution
described in subsection (c) above, the OP shall issue Partnership Interests (as
defined in the OP Agreement) to the Company pursuant to Article 4 (or any
successor provision) of the OP Agreement.
4.
Further Action. The parties shall execute and deliver all documents, provide all
information and take or refrain from taking action as may be necessary or
appropriate to achieve the purposes of this Agreement.

5.
Notices. Any notice, report or other communication (each, a “Notice”) that may
arise hereunder shall be in writing unless some other method of giving such
Notice is required by the Charter, the OP Agreement or the By-laws of the
Company, and shall be given by being delivered by hand, by courier or overnight
carrier or by registered or certified mail to the addresses set forth below:

To the Company:
American Realty Capital Healthcare Trust, Inc.
405 Park Avenue
New York, New York 10022

Attention: Nicholas S. Schorsch,

Chief Executive Officer

with a copy to:
Proskauer Rose LLP
Eleven Times Square
New York, New York 10036
Attention: Peter M. Fass, Esq.
To the Operating Partnership:
American Realty Capital Healthcare Trust Operating Partnership, L.P.
405 Park Avenue
New York, New York 10022
Attention: Nicholas S. Schorsch

with a copy to:
Proskauer Rose LLP
Eleven Times Square

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New York, New York 10036
Attention: Peter M. Fass, Esq.

6.
Governing Law. The provisions of this Agreement shall be construed and
interpreted in accordance with the laws of the State of New York as at the time
in effect, without regard to the principles of conflicts of laws thereof.

[Signature page follows]
IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, have
duly executed this agreement as of the date first set forth above.
AMERICAN REALTY CAPITAL HEALTHCARE TRUST, INC.
By:
/s/ Nicholas S. Schorsch    

Name: Nicholas S. Schorsch
Title: Chief Executive Officer

AMERICAN REALTY CAPITAL HEALTHCARE TRUST OPERATING PARTNERSHIP, L.P.
By: American Realty Capital Healthcare Trust, Inc.
its General Partner
By:
/s/ Nicholas S. Schorsch    

Name: Nicholas S. Schorsch
Title: Chief Executive Officer