Exhibit 10.22.2

 

SECOND AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AND SECURITY AGREEMENT

THIS SECOND AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AND SECURITY
AGREEMENT (this “Amendment”) is made as of January 1, 2015 (the “Effective
Date”), by and among (i) HCP AUR1 California A Pack, LLC, a Delaware limited
liability company, HCP EMOH, LLC, a Delaware limited liability company, HCP
Hazel Creek, LLC, a Delaware limited liability company, HCP MA2 California, LP,
a Delaware limited partnership, HCP MA2 Massachusetts, LP, a Delaware limited
partnership, HCP MA2 Ohio, LP, a Delaware limited partnership, HCP MA2 Oklahoma,
LP, a Delaware limited partnership, HCP MA3 California, LP, a Delaware limited
partnership, HCP MA3 South Carolina, LP, a Delaware limited partnership, HCP MA3
Washington LP, a Delaware limited partnership, HCP Partners, LP, a Delaware
limited partnership, HCP Senior Housing Properties Trust, a Delaware statutory
trust, HCP SH Eldorado Heights LLC, a Delaware limited liability company (“HCP
Eldorado Heights”), HCP SH ELP1 Properties, LLC, a Delaware limited liability
company, HCP SH ELP2 Properties, LLC, a Delaware limited liability company, HCP
SH ELP3 Properties, LLC, a Delaware limited liability company, HCP SH Lassen
House, LLC, a Delaware limited liability company, HCP SH Mountain Laurel, LLC, a
Delaware limited liability company, HCP SH Mountain View, LLC, a Delaware
limited liability company, HCP SH River Valley Landing, LLC, a Delaware limited
liability company, HCP SH Sellwood Landing, LLC, a Delaware limited liability
company, HCP ST1 Colorado, LP, a Delaware limited partnership, HCP, Inc., a
Maryland corporation (“HCP”), and HCPI Trust, a Maryland real estate investment
trust (collectively, as their interests may appear, the “Current Lessors”), (ii)
Westminster HCP, LLC, HCP Springtree, LLC, HCP Ocoee, LLC, HCP Port Orange, LLC,
HCP Beckett Lake, LLC, HCP St. Augustine, LLC, HCP Carrollwood, LLC, HCP Oviedo,
LLC, HCP Wekiwa Springs, LLC, HCP Oak Park, LLC, HCP Cy-Fair, LLC, HCP
Friendswood, LLC, HCP Irving, LLC and HCP Emfin Properties, LLC, each a Delaware
limited liability company (collectively, as their interests may appear, the
“Additional Lessors” and, together with the Current Lessors, “Lessor”),
(iii) Emeritus Corporation, a Washington corporation (“Emeritus”), Summerville
at Hazel Creek, LLC, a Delaware limited liability company, and Summerville at
Prince William, Inc., a Delaware corporation (collectively, and jointly and
severally, the “Current Lessees”),  and (iv) LH Assisted Living, LLC, a Delaware
limited liability company, Summerville at Hillsborough, L.L.C., a New Jersey
limited liability company, Summerville at Ocoee, Inc., a Delaware corporation,
Summerville at Port Orange, Inc., a Delaware corporation, Summerville at
Stafford, L.L.C., a New Jersey limited liability company, Summerville at
Voorhees, L.L.C., a New Jersey limited liability company, Summerville at
Westminster, Inc., a Maryland corporation, Summerville at Cy-Fair Associates,
L.P., a Delaware limited partnership, Summerville at Friendswood Associates,
L.P., a Delaware limited partnership, Summerville at St. Augustine, LLC, a
Delaware limited liability company, Summerville at Irving Associates, L.P., a
Delaware limited partnership, Summerville at Chestnut Hill, LLC, a Delaware
limited liability company, Summerville 9, LLC, a Delaware limited liability
company, Summerville at Carrollwood, LLC, a Delaware limited liability company,
Summerville at Fox Run, LLC, a Delaware limited liability company, Summerville
at Wekiwa Springs, LLC, a Delaware limited liability company, Summerville at Oak
Park LLC, a Delaware limited liability company, The Estates of Oak Ridge LLC, a
Delaware limited liability company, Summerville at Oviedo LLC, a Delaware
limited liability company, and Emeritus (collectively, jointly and severally,
the

 

 

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“Additional Lessees” and, together with the Current Lessees, “Lessee”), and
consented to by Brookdale Senior Living Inc. (“Guarantor”), with respect to the
following:   

RECITALS

A.The Current Lessors, as “Lessor”, and the Current Lessees, as “Lessee”, are
parties to that certain Amended and Restated Master Lease and Security Agreement
dated as of August 29, 2014 (the “Original Lease”), as amended by that certain
First Amendment to Amended and Restated Master Lease and Security Agreement and
Option Exercise Notice dated as of December 29, 2014, between Brookdale and HCP,
which is hereby acknowledged and agreed to by Lessor and Lessee (the “First
Amendment”; the Original Lease, as amended by the First Amendment, the “Lease”),
 with respect to the Leased Property (as defined in the Lease).  All capitalized
terms used and not defined in this Amendment shall have the meanings assigned to
them in the Lease.

B.Pursuant to the terms of that certain Guaranty of Obligations dated as of
August 29, 2014, made by Guarantor in favor of the Current Lessors (the
“Guaranty”), Guarantor has guaranteed the obligations of the Current Lessees
under the Lease, as more particularly described therein.

C. The Additional Lessors currently lease the Delayed Commencement Facilities to
the Additional Lessees pursuant to that certain lease described in clause (j) of
Section 45.1.20 of the Lease (the “Prior Lease”).  The Lease provides that, upon
the occurrence of the Delayed Commencement Date with respect to any Delayed
Commencement Facility, (a) (i) the information relating to such Delayed
Commencement Facility set forth on any Exhibit or Schedule to the Lease shall be
deemed to be part of such Exhibit or Schedule, (ii) such Delayed Commencement
Facility shall be a Facility and a Pool 1 Facility, Pool 2 Facility or Pool 3
Facility, as applicable, and the Land, Leased Improvements and Lessor’s Personal
Property pertaining to such Delayed Commencement Facility shall be “Leased
Property”, in each case for all purposes of this Lease, and (iii) Minimum Rent
allocable or attributable to such Delayed Commencement Facility shall be payable
for the period commencing on the Delayed Commencement Date and continuing
through the balance of the Term (and shall be payable for the month in which the
Delayed Commencement Date occurs within five (5) days after the Delayed
Commencement Date), all as more particularly described in Section 44.1 of the
Lease, (b) the Prior Lease shall be amended and restated by the Lease as more
particularly described in Section 45.1.20 of the Lease, and (c) the parties
shall execute an amendment to the Lease confirming such matters.

D.The Lease erroneously states (in the definitions of such terms in Section 2.1
thereof) that the Pool 1 Fixed Term and Pool 3 Fixed Term end on the last day of
the calendar month in which the sixteen (16th) and fourteen (14th)
anniversaries, respectively, of the Commencement Date occur, but was intended to
state that the Pool 1 Fixed Term and Pool 3 Fixed Term end on the last day of
the calendar month in which the fourteen (14th) and sixteen (16th)
anniversaries, respectively, of the Commencement Date occur.

E.Pursuant to Section 31.4 of the Lease (as amended by the First Amendment),
 effective as of the Effective Date, Emeritus and certain designees of the
Current Lessees

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acquired all of the Facilities set forth on Modified Schedule 31.4 (as defined
in the First Amendment) other than the Facility commonly known as Emeritus at
The Heritage located in Bridgeport, West Virginia (the “Heritage Facility”).
 The Lease provides that, upon the closing of the acquisition of the Leased
Property of any Facility pursuant to Section 31.4 thereof, (a) the aggregate
amount of any and all applicable Facility Purchase Rent Reductions shall be
deducted from the Pre-Adjusted Allocated Minimum Rent for such Facility (and
from the Pre-Adjusted Minimum Rent), in calculating the Allocated Minimum Rent
for such Facility (and the Minimum Rent), for the period commencing on the date
of such closing and continuing through the end of the Lease Year in which such
closing occurs and for each Lease Year thereafter and (b) the Excess Allocation
with respect to such Facility (if any) shall be reallocated to the other
Facilities then subject to the Lease (in proportion to their respective
Allocated Minimum Rents) so as to increase accordingly the then-current
Pre-Adjusted Allocated Minimum Rent for each other Facility for the period
commencing on the date of such closing and continuing through the end of the
Term (and increase accordingly the Pre-Adjusted Minimum Rent).  For ease of
administration, the parties have agreed to calculate and reallocate the Excess
Allocations of all of the Facilities set forth on Modified Schedule 31.4
(including the Heritage Facility) as of the Effective Date,  such that the
Pre-Adjusted Allocated Minimum Rent for the Heritage Facility shall, from and
after the Effective Date (after giving effect to such reallocation) and subject
to any applicable increases in accordance with Section 3.1.3 of the Lease, be in
an amount equal to the Facility Purchase Rent Reduction with respect to the
Heritage Facility.

F.Lessor and Lessee desire to amend the Lease (among other things) in order to
effectuate the foregoing matters, all as more particularly set forth herein.

AMENDMENT

NOW THEREFORE, in consideration of the foregoing and the terms, covenants and
conditions contained in this Amendment, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by
each party hereto, the parties hereby agree as follows:

1. Amendments.

(a) Delayed Commencement Facilities.

(i) Lessor and Lessee hereby acknowledge and agree that, for all purposes of the
Lease, December 1, 2014 is the “Delayed Commencement Date” with respect to all
of the Delayed Commencement Facilities. 

(ii) For avoidance of doubt, the provisions of subclauses (b)(i) through
(b)(iii) of Section 44.1 of the Lease are effective, and the Prior Lease is
amended and restated by the Lease to the extent provided in Section 45.1.20 of
the Lease, in each case as of the Delayed Commencement Date.

(iii) The Additional Lessors are hereby added as Persons that, together with the
Current Lessors, comprise “Lessor” under the Lease (as hereby amended), in each
case as their interests may appear, and the definition of

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“Lessor” appearing in Section 2.1 of the Lease is hereby amended to add the
Additional Lessors thereto.

(iv) The Additional Lessees are hereby added as Persons that, together with the
Current Lessees, comprise “Lessee”, shall be jointly and severally liable for
all obligations of “Lessee”, and shall assume jointly and severally with the
Current Lessees all obligations of “Lessee” arising on, prior to or after the
Effective Date, under the Lease (as hereby amended), and the definition of
“Lessee” appearing in Section 2.1 of the Lease is hereby further amended to add
the Additional Lessees thereto.

(b) Fixed Term.  Section 2.1 of the Lease is hereby amended by (i) replacing
“sixteenth (16th)” in the definition of “Pool 1 Fixed Term” with “fourteenth
(14th)” and (ii) replacing “fourteenth (14th)” in the definition of “Pool 3
Fixed Term” with “sixteenth (16th)”.

(c) Purchase Option.

(i) Exhibits A-1.1, A-2.1 and A-3.1 of the Lease are hereby replaced in their
entirety by Exhibits A-1.1, A-2.1 and A-3.1 attached hereto and by this
reference made a part hereof, respectively (the “Replacement Exhibits”). 

(ii) Lessor and Lessee acknowledge and agree that (x) effective as of the
Effective Date, Emeritus and certain designees of the Current Lessees acquired
all of the Facilities set forth on Modified Schedule 31.4 other than the
Heritage Facility and (y) the Replacement Exhibits reflect a reallocation of the
Excess Allocations of all of the Facilities set forth on Modified Schedule 31.4
(including the Heritage Facility) as of the Effective Date (and no further
reallocation shall be made upon the acquisition of the Heritage Facility unless
and until Lessor funds any amount on account of a Planned Capital Refurbishment
Project at the Heritage Facility in accordance with Section 9.8 of the Lease),
and (z) Exhibit A.3-1 attached hereto further reflects a corresponding reduction
of the Pre-Adjusted Allocated Minimum Rent for the Heritage Facility (and the
Pre-Adjusted Allocated Minimum Rent for such Facility shall be in the applicable
amount set forth thereon from and after the Effective Date and subject to any
increases that may apply under Section 3.1.3 of the Lease prior to the closing
of the acquisition of such Facility in accordance with Section 31.4 of the
Lease). 

(iii) HCP Eldorado Heights is hereby removed as a Person comprising “Lessor” (as
its interest may appear), and shall have no further obligations, under the
Lease (as amended hereby), and the definition of “Lessor” appearing in Section
2.1 of the Lease is hereby further amended to remove HCP Eldorado Heights
therefrom, in each case from and after the Effective Date, provided that Lessee
shall continue to remain liable to HCP Eldorado Heights for all obligations of
Lessee arising prior to the Effective Date.    

2. Representations and Warranties of Lessee.  As of the Effective Date, Lessee
represents and warrants to Lessor as follows:

(a) Lessee is duly organized and validly existing under the laws of its state of
organization/formation, is qualified to do business and in good standing in
the State and

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has full power, authority and legal right to execute and deliver this Amendment
and to perform and observe the provisions of this Amendment to be observed
and/or performed by Lessee.

(b) This Amendment has been duly authorized, executed and delivered by Lessee,
and constitutes and will constitute the valid and binding obligations of
Lessee enforceable against Lessee in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency and creditors rights,
laws and general principles of equity.

(c) Lessee is solvent, has timely and accurately filed all tax returns and
extensions required to be filed by Lessee, and is not in default in the payment
of any material taxes levied or assessed against Lessee or any of its material
assets, and is not subject to any judgment, order, decree, rule or regulation of
any Governmental Authority having jurisdiction over the Leased Property or
Lessee which would, in the aggregate, materially and adversely affect Lessee’s
condition, financial or otherwise, or Lessee’s prospects or the Leased Property.

(d) Except for the Required Governmental Approvals to use and operate each
Facility for its Primary Intended Use, no other material consent, approval or
other authorization of, or registration, declaration or filing with, any
Governmental Authority is required for the due execution and delivery of this
Amendment, or for the performance by or the validity or enforceability of this
Amendment against Lessee.

(e) Subject to Lessee’s receipt of the Required Governmental Approvals, the
execution and delivery of this Amendment and compliance with the provisions
hereof will not result in (i) a material breach or violation of (A) any
Legal Requirement applicable to Lessee now in effect; (B) the organizational
or charter documents of Lessee; (C) any judgment, order or decree of any
Governmental Authority binding upon Lessee; or (D) any agreement or instrument
to which Lessee is a counterparty or by which it is bound; or (ii) the
acceleration of any material obligation of Lessee.

(f) All Required Governmental Approvals with respect to the Delayed Commencement
Facilities have been obtained by Lessee.

(g) Lessee is in compliance with the requirements of the Orders.  Neither Lessee
nor any Lessee Party (A) is listed on the Specially Designated Nationals and
Blocked Person List maintained by OFAC pursuant to the Order and/or on any other
Lists; (B) is a Person (as defined in the Order) who has been determined by
competent authority to be subject to the prohibitions contained in the Orders;
or (C) is owned or controlled by (including without limitation by virtue of such
Person being a director or owning direct voting shares or interests), or acts
for or on behalf of, any person on the Lists or any other person who has been
determined by competent authority to be subject to the prohibitions contained in
the Orders.

3. Representations and Warranties of Lessor.  As of the Effective Date, Lessor
represents and warrants to Lessee as follows:

(a) Lessor is duly organized, validly existing and in good standing under the
laws of its state of organization/formation, is qualified to do business and in
good standing in the State (to the extent Lessor is required to be so by
applicable Legal Requirements) and has full power, authority and legal right to
execute and deliver this Amendment and to

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perform and observe the provisions of this Amendment to be observed and/or
performed by Lessor.

(b) This Amendment has been duly authorized, executed and delivered by Lessor,
and constitutes and will constitute the valid and binding obligations of Lessor
enforceable against Lessor in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency and creditors rights,
laws and general principles of equity.

(c) Lessor is solvent, has timely and accurately filed all tax returns and
extensions required to be filed by Lessor, and is not in default in the payment
of any material taxes levied or assessed against Lessor or any of its material
assets, and is not subject to any judgment, order, decree, rule or regulation of
any Governmental Authority having jurisdiction over the Leased Property or
Lessor which would, in the aggregate, otherwise materially and adversely affect
Lessor’s condition, financial or otherwise, or Lessor’s prospects or the Leased
Property.

(d) No material consent, approval or other authorization of, or registration,
declaration or filing with, any Governmental Authority is required for the due
execution and delivery of this Amendment, or for the performance by or the
validity or enforceability of this Amendment against Lessor.

(e) The execution and delivery of this Amendment and compliance with the
provisions hereof will not result in (i) a material breach or violation of (A)
any Legal Requirements applicable to Lessor now in effect; (B) the
organizational or charter documents of Lessor; (C) any judgment, order or decree
of any Governmental Authority binding upon Lessor; or (D) any material agreement
or instrument to which Lessor is a counterparty or by which it is bound; or (ii)
the acceleration of any material obligation of Lessor.

(f) Lessor is in compliance with the requirements of the Orders.  Neither Lessor
nor any of its Affiliates (A) is listed on the Specially Designated Nationals
and Blocked Person List maintained by OFAC pursuant to the Order and/or on any
other Lists; (B) is a Person (as defined in the Order) who has been determined
by competent authority to be subject to the prohibitions contained in the
Orders; or (C) is owned or controlled by (including without limitation by virtue
of such Person being a director or owning voting shares or interests), or acts
for or on behalf of, any person on the Lists or any other person who has been
determined by competent authority to be subject to the prohibitions contained in
the Orders.

4. Miscellaneous.

(a) Ratification and Confirmation of Lease.  This Amendment shall be deemed
incorporated into the Lease and shall be construed and interpreted as though
fully set forth therein.  As amended by this Amendment, the terms and provisions
of the Lease are hereby ratified and confirmed in all respects.

(b) Reaffirmation of Lease and Treatment Thereof.  Lessor and Lessee hereby
acknowledge, agree and reaffirm that (i) except as otherwise expressly provided
in the Lease (as hereby amended) to the contrary and for the limited purposes so
provided, the Lease (as hereby amended) is and the parties intend the same for
all purposes to be treated as a single,

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integrated and indivisible agreement and economic unit, and (ii) except as
otherwise required by Legal Requirements or any accounting rules or regulations,
the Lease (as hereby amended) shall be treated as an operating lease for all
purposes and not as a synthetic lease, financing lease or loan, and Lessor shall
be entitled to all the benefits of ownership of the Leased Property (including
the Delayed Commencement Facilities), including depreciation for all federal,
state and local tax purposes. 

(c) Conflicts.  In the event of any conflict between the provisions of this
Amendment and those of the Lease, the provisions of this Amendment shall
control.

(d) Counterparts; Electronically Submitted Signatures.   This Amendment may be
executed in any number of counterparts, each of which shall be a valid and
binding original, but all of which together shall constitute one and the same
instrument.  Signatures transmitted via facsimile or other electronic means
(including emailed pdf files) may be used in place of original signatures on
this Amendment, and Lessor and Lessee both intend to be bound by such signatures
transmitted via facsimile or other electronic means.

(e) Severability.   If any term or provision of this Amendment or any
application thereof shall be held invalid or unenforceable, the remainder of
this Amendment and any other application of such term or provision shall not be
affected thereby.

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and
attested by their respective officers thereunto duly authorized.

LESSEE:

 

 

 

 

 

 

 

 

 

 

EMERITUS CORPORATION,

A Washington corporation

Witness:

/s/ Teddy D. Hillard

 

 

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

SUMMERVILLE AT HAZEL CREEK LLC, a Delaware limited liability company

Witness:

/s/ Teddy D. Hillard

 

 

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

SUMMERVILLE AT PRINCE WILLIAM, INC., a Delaware corporation

Witness:

/s/ Teddy D. Hillard

 

 

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

 

Witness:

/s/ Teddy D. Hillard

 

LH ASSISTED LIVING, LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

 

 

Lessee’s Signature Page 1 of 6 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

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Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT HILLSBOROUGH,

 

 

 

L.L.C., a New Jersey limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT OCOEE, INC.,

 

 

 

a Delaware corporation

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT PORT ORANGE,

 

 

 

INC., a Delaware corporation

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT STAFFORD, L.L.C.,

 

 

 

a New Jersey limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT VOORHEES, L.L.C.,

 

 

 

a New Jersey limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

Lessee’s Signature Page 2 of 6 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

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Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT WESTMINSTER,

 

 

 

INC., a Maryland corporation

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT CY-FAIR

 

 

 

ASSOCIATES, L.P., a Delaware limited

 

 

 

partnership

 

 

 

 

 

 

 

By:

SUMMERVILLE AT CY-FAIR, LLC

 

 

 

 

a Delaware limited liability company,

 

 

 

 

its General Partner

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT FRIENDSWOOD

 

 

 

ASSOCIATES, L.P., a Delaware limited

 

 

 

partnership

 

 

 

 

 

 

 

By:

SUMMERVILLE AT FRIENDSWOOD,

 

 

 

 

LLC, a Delaware limited liability

 

 

 

 

company, its General Partner

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

 

 

Lessee’s Signature Page 3 of 6 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

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Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT ST. AUGUSTINE,

 

 

 

LLC, a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT IRVING

 

 

 

ASSOCIATES LP, a Delaware limited

 

 

 

partnership

 

 

 

 

 

 

 

By:

SUMMERVILLE AT IRVING, LLC,

 

 

 

 

a Delaware limited liability company,

 

 

 

 

its General Partner

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT CHESTNUT HILL,

 

 

 

LLC, a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE 9 LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

 

Lessee’s Signature Page 4 of 6 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT CARROLLWOOD,

 

 

 

LLC, a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT FOX RUN, LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT WEKIWA SPRINGS

 

 

 

LLC, a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT OAK PARK LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Lessee’s Signature Page 5 of 6 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

Witness:

/s/ Teddy D. Hillard

 

THE ESTATES OF OAK RIDGE LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

Witness:

/s/ Teddy D. Hillard

 

SUMMERVILLE AT OVIEDO LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Ming Fang Jiang

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

 

 

 

 

 

Name:

 

 

 

 

 

 

 

 

 

Lessee’s Signature Page 6 of 6 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

 

LESSOR:

Witness:

/s/ Elsa Bergstrom

 

HCP AUR1 CALIFORNIA A PACK,

 

 

 

LLC, a Delaware limited liability company

 

 

 

 

 

 

 

 

 

 

 

By:

HCP Partners, LP, a Delaware limited

 

 

 

 

partnership, its member

 

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

By:

HCP MOB, Inc., a Delaware

 

 

 

 

corporation, its general partner

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

Witness:

/s/ Elsa Bergstrom

 

HCP EMOH, LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

Witness:

/s/ Elsa Bergstrom

 

HCP HAZEL CREEK, LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

Lessor’s Signature Page 1 of 7 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

Witness:

/s/ Elsa Bergstrom

 

HCP MA2 CALIFORNIA, LP,

 

 

 

a Delaware limited partnership

 

 

 

 

 

 

 

HCP MA2 MASSACHUSETTS, LP,

 

 

 

a Delaware limited partnership

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

HCP MA2 OHIO, LP, a Delaware limited

 

 

 

partnership

 

 

 

 

 

 

 

HCP MA2 OKLAHOMA, LP,

 

 

 

a Delaware limited partnership

 

 

 

 

 

 

 

By: HCP MA2 GP Holding, LLC,

 

 

 

a Delaware limited liability company,

 

 

 

their general partner

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

Witness:

/s/ Elsa Bergstrom

 

HCP MA3 CALIFORNIA, LP,

 

 

 

a Delaware limited partnership

 

 

 

 

 

 

 

HCP MA3 SOUTH CAROLINA, LP

 

 

 

a Delaware limited partnership

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

HCP MA3 WASHINGTON, LP,

 

 

 

a Delaware limited partnership

 

 

 

 

 

 

 

By:  HCP MA3 A Pack GP, LLC,

 

 

 

a Delaware limited liability company,

 

 

 

their general partner

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

Lessor’s Signature Page 2 of 7 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

Witness:

/s/ Elsa Bergstrom

 

HCP SENIOR HOUSING PROPERTIES

 

 

 

TRUST, a Delaware statutory trust

 

 

 

 

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

Witness:

/s/ Elsa Bergstrom

 

HCP SH ELDORADO HEIGHTS LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

 

 

Witness:

/s/ Elsa Bergstrom

 

HCP SH ELP1 PROPERTIES, LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

 

 

Witness:

/s/ Elsa Bergstrom

 

HCP SH ELP2 PROPERTIES, LLC,

 

 

 

a Delaware limited liability company

 

 

 

 

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

Lessor’s Signature Page 3 of 7 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

 

 

 

 

 

 

 

 

 

HCP SH ELP3 PROPERTIES, LLC,

 

 

 

a Delaware limited liability company

Witness:

/s/ Elsa Bergstrom

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

Witness:

/s/ Kristina L. Fink

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

HCP SH LASSEN HOUSE, LLC,

 

 

 

a Delaware limited liability company

Witness:

/s/ Elsa Bergstrom

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

Witness:

/s/ Kristina L. Fink

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

HCP SH MOUNTAIN LAUREL, LLC,

 

 

 

a Delaware limited liability company

Witness:

/s/ Elsa Bergstrom

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

Witness:

/s/ Kristina L. Fink

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

HCP SH MOUNTAIN VIEW, LLC,

 

 

 

a Delaware limited liability company

Witness:

/s/ Elsa Bergstrom

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

Witness:

/s/ Kristina L. Fink

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

Lessor’s Signature Page 4 of 7 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

 

 

 

 

 

 

 

 

 

HCP SH RIVER VALLEY LANDING, LLC

 

 

 

a Delaware limited liability company

Witness:

/s/ Elsa Bergstrom

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

Witness:

/s/ Kristina L. Fink

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

HCP SH SELLWOOD LANDING, LLC,

 

 

 

a Delaware limited liability company

Witness:

/s/ Elsa Bergstrom

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

Witness:

/s/ Kristina L. Fink

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

HCP ST1 COLORADO, LP,

 

 

 

a Delaware limited partnership

Witness:

/s/ Elsa Bergstrom

 

 

 

 

 

By: HCP ST1 Colorado GP, LLC,

 

 

 

a Delaware limited liability company,

 

 

 

its general partner

Witness:

/s/ Kristina L. Fink

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

HCP, INC.,

 

 

 

a Maryland corporation

Witness:

/s/ Elsa Bergstrom

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

Witness:

/s/ Kristina L. Fink

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

 

 

 

 

Lessor’s Signature Page 5 of 7 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

 

 

 

HCPI TRUST,

 

 

 

a Maryland real estate investment trust

Witness:

/s/ Elsa Bergstrom

 

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

Witness:

/s/ Kristina L. Fink

 

 

Name:

Kendall K. Young

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

WESTMINSTER HCP, LLC,

Witness:

/s/ Elsa Bergstrom

 

a Delaware limited liability company

 

 

 

 

 

 

 

By:

HCPI/TENNESSEE, LLC,

 

 

 

 

a Delaware limited liability company,

 

 

 

 

its sole member

 

 

 

 

 

Witness:

/s/ Kristina L. Fink

 

 

By: HCP, INC.,

 

 

 

 

a Maryland corporation,

 

 

 

 

its managing member

 

 

 

 

 

 

 

 

By:

/s/ Kendall K. Young

 

 

 

 

 

Name:

Kendall K. Young

 

 

 

 

 

Title:

Executive Vice President

 

 

 

 

 

 

 

 

 

Lessor’s Signature Page 6 of 7 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

 

 

Witness: 

/s/ Elsa Bergstrom

HCP SPRINGTREE, LLC,

HCP OCOEE, LLC,
HCP PORT ORANGE, LLC,
HCP BECKETT LAKE, LLC,

HCP ST. AUGUSTINE, LLC,
HCP CARROLLWOOD, LLC,
HCP OVIEDO, LLC,
HCP WEKIWA SPRINGS, LLC,
HCP OAK PARK, LLC,
HCP CY-FAIR, LLC,
HCP FRIENDSWOOD, LLC,
HCP IRVING, LLC and
HCP EMFIN PROPERTIES, LLC,
each a Delaware limited liability company

 

Witness:

/s/ Kristina L. Fink

 

 

By:

/s/ Kendall K. Young

 

 

Name:

Kendall K. Young

 

 

Title:

Executive Vice President

 

 

 

Lessor’s Signature Page 7 of 7 to Second Amendment to Amended and Restated
Master Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

 

 

CONSENT, REAFFIRMATION AND AGREEMENT OF GUARANTOR

Guarantor hereby (i) reaffirms all of its obligations under the Guaranty, (ii)
consents to the foregoing Amendment and (iii) agrees that its obligations under
the Guaranty shall extend to Lessee’s duties, covenants and obligations pursuant
to the Lease, as hereby amended.

 

 

 

 

 

 

Signed, sealed and delivered in the

 

BROOKDALE SENIOR LIVING INC.,

presence of:

 

a Delaware corporation

 

 

 

 

/s/ Teddy D. Hillard

 

 

 

Name:

 

 

By:

/s/ H. Todd Kaestner

 

 

 

 

Name:

H. Todd Kaestner

/s/ Ming Fang Jiang

 

 

 

Title:

Executive Vice President

Name:

 

 

 

 

Corporate Development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Guarantors’ Signature Page to Second Amendment to Amended and Restated Master
Lease and Security Agreement

 

--------------------------------------------------------------------------------

 

AMENDED EXHIBIT A-1.1

Initial Allocated Minimum Rent – Pool 1

 

Facility Name

July

2014

August

2014

September

2014

October

2014

November

2014

December

2014

Excess

Allocation

Full Year

2014

2016 Allocated

Special Rent Credit

Subsequent

Special Rent Credit

Palm Springs, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Santa Rosa, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Yorba Linda, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Green Mountain, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Newnan, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Courtyard Gardens, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Lake Springs, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Lake Springs Cottages, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Murray, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Oak Tree Village, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Willow Ridge, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Marlton Crossing, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Sandia Springs, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Magnolia Gardens

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Heritage Place

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Lakeside

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Lakeside Cottages

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Springfield - The Briarwood, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Springfield- The Woodside, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Park Place, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Grayson View, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Lexington Gardens

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Legacy Crossing, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Clearlake, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Holiday Lane Estates, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Moses Lake

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Quail Hollow

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Absaroka, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Montclair Park, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Meadowlark, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

San Dimas, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Willoughby, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Highline, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Woodstock, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Sweetwater, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Flint River, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Mountain View, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Lassen House, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Westminster, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Spring Tree

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Ocoee, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Stafford, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Friendswood, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Beckett Lake, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Oak Park, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Total Lease Pool 1 (45 Properties)

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

 

 

Portions of this exhibit that have been marked by [***] have been omitted
pursuant to a request for confidential treatment filed separately with the
Securities and Exchange Commission.

 

--------------------------------------------------------------------------------

 

AMENDED EXHIBIT A-2.1

Initial Allocated Minimum Rent – Pool 2

 

HCP #

Facility Name

July

2014

August

2014

September

2014

October

2014

November

2014

December

2014

Excess
Allocation

Full year

2014

2016 Allocated
Special
Rent Credit

Subsequent
Special
Rent Credit

2092

Orchard Park, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

1233

Roslyn, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2144

Mountain Laurel, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2165

Lake Pointe, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2053

Riverstone, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

1162

Orland Park, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2135

Paducah, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2074

Oxford, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2129

Heartland Park, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2126

Churchill, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2121

La Villa, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2110

Plaza, Emeritus at The

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2158

Cedar Ridge, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2171

Sellwood, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2098_

Alpine Court, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2104

Alpine Springs, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2103

Eagle Cove, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2088

River Valley, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2093

Spring Arbor, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2154

Laurel Gardens, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2076

Chandler Place, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2073

Remington House, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2075

Eden Estates, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2069

Emerald Pointe, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2117

Maplewood, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2061

Fisher's Landing, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2127

Brentmoor, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2169

Park Avenue Estates, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2119

Oaks, Emeritus at The

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

1160

Tulsa, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2134

Rose Valley Cottages, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2153

Rose Valley, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2139

Chestnut Lane

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2152

Hillside

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2106

Heron Pointe, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2090

Heron Pointe Cottages, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2148

Sugarland Ridge, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2079

Sequoia Springs, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2054

Sequoia Springs Cottages, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2143

Champlin Shores, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0849

Carrollwood, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0820

Irving, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0859

Oviedo, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0732

Port Orange, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0802

St. Augustine, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0245

Voorhees, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

 

Total Lease Pool 2 (46 Properties)

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

 

Portions of this exhibit that have been marked by [***] have been omitted
pursuant to a request for confidential treatment filed separately with the
Securities and Exchange Commission.

 

--------------------------------------------------------------------------------

 

AMENDED EXHIBIT A-3.1

Initial Allocated Minimum Rent – Pool 3

HCP  #

Facility Name

July

2014

August

2014

September

2014

October

2014

November

2014

December

2014

PO Property

Excess
Allocation

Full Year

2014

2016 Allocated
Special
Rent Credit

Subsequent
Special
Rent Credit

1165

Northridge, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

1561

Hazel Creek, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2091

Sunrise Creek, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2085

Buckingham Estates, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0224

Northdale, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2118

Woodstock Estates, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

1158

Plymouth Beach, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2163

Cambridge Place, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2080

Northridge Place, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2150

Roswell, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2083

Statesman Club, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2084

Manor House, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2050

Cougar Springs, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2089

Chehalem Springs, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2133

Oswego Springs, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2140

Century Fields, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

1172

Greenville, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2099

Hawthorne Inn at Hilton Head, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2111

Palm Court, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2112

Palm Village, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2094

Bellevue Place, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2162

Carriage Inn, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0225

Lake Ridge, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2052

Chesterley Meadows

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2078

Chesterley Court

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2160

Spring Estates, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2062

Stonebridge

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2097

South Hill, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2059

Hawthorne Inn at Greenville

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2132

Cordova, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2116

Willows at Sherman

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2107

Canyonview Estates, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2077

Monroe House

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

1173

Bellevue, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2114

Englewood Heights

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2095

Eagle Meadows

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2170

Legacy Gardens, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

1386

Marietta, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0841

Chestnut Hill, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0217

Cy-Fair, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0857

Fox Run, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0734

Hillsborough, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0730

Litchfield Hills, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0860

Oak Ridge, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

0861

Wekiwa Springs, Emeritus at

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

 

Lease Pool 3 (45 Properties)

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

2125

Heritage, Emeritus at The

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

 

Purchase Option Properties (1 Property)

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

 

Total Lease Pool 3 (46 Properties)

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

 

"Portions of this exhibit have been marked by [***] have been omitted pursuant
to a request for confidential treatment filed separately with the Securities and
Exchange Commission."

 

--------------------------------------------------------------------------------