Exhibit 10.16



                                    FORM OF
                                    -------
                                LEASE GUARANTY
                                --------------

      THIS LEASE GUARANTY (this "Guaranty") is made and entered into to be
effective as of ____________________, 2004 (the "Effective Date"), by
BROOKDALE PROVIDENT Properties, LLC, a Delaware limited liability company
("Guarantor"), in favor of **[PSLT-BLC ___________________, LLC]**, a Delaware
limited liability company ("Landlord").

                                   RECITALS

      WHEREAS, as of the Effective Date, Landlord and **[BLC-_____________,
LLC]**, a Delaware limited liability company, as tenant ("Tenant"), have
executed and entered into that certain Property Lease Agreement (as the same
may be renewed, extended, amended or modified from time to time, the "Lease"),
pertaining to that certain Leased Property (as defined in the Lease);

      WHEREAS, Guarantor is a direct or indirect owner of 100% of the
beneficial ownership interest in Tenant, and Guarantor will derive substantial
direct and indirect benefits from the transactions contemplated by the Lease;
and

      WHEREAS, it is a condition to the entering into of the Lease by Landlord
that Guarantor shall have executed and delivered this Guaranty.

      NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration the receipt and sufficiency of which are hereby
acknowledged by Guarantor, and in order to induce Landlord to enter into the
Lease, Guarantor hereby agrees as follows:

      Section 1. GUARANTY. Guarantor hereby unconditionally and irrevocably
guarantees (i) the full and prompt payment of all rent and other sums required
to be paid by Tenant under the Lease, (ii) the full and timely performance of
all other terms, conditions, covenants and obligations of Tenant under the
Lease (as same may be amended, renewed, extended or modified), and (iii) any
and all expenses (including reasonable attorneys' fees and expenses) incurred
by Landlord in enforcing any rights under the Lease or this Guaranty (such
obligations, collectively, are referred to as the "Guaranteed Obligations").
Guarantor agrees that this Guaranty is a guarantee of payment and performance,
not collection, and that Guarantor is primarily liable and responsible for the
payment and performance of the Guaranteed Obligations. It is not necessary for
Landlord, in order to enforce payment and performance by Guarantor under this
Guaranty, first or contemporaneously to institute suit or exhaust remedies
against Tenant or others liable for any of the Guaranteed Obligations or to
enforce rights against any collateral securing any of it. With the exception
of the defense of prior payment, performance, or compliance by Tenant or
Guarantor of the Guaranteed Obligations which Guarantor is called upon to pay,
or the defense that Landlord's claim against Guarantor hereunder is barred by
the applicable statute of limitations, all defenses of the law of guaranty or
suretyship, including, without limitation, substantive defenses and procedural
defenses, are waived and released by Guarantor to the extent permitted by law.
Except as provided in the preceding sentence, under no circumstances will the
liability of Guarantor under this Guaranty be terminated either with

<PAGE>

respect to any period of time when the liability of Tenant under the Lease
continues, or with respect to any circumstances as to which the Guaranteed
Obligations have not been fully discharged by payment, performance or
compliance.

      Section 2. GUARANTY ABSOLUTE. Guarantor guarantees that the Guaranteed
Obligations will be paid and performed strictly in accordance with the terms
of the Lease. The liability and responsibilities of Guarantor under this
Guaranty shall be absolute and unconditional, shall not be subject to any
counterclaim, setoff, or deduction and shall not be released, discharged,
affected or impaired by (i) any change in the time, manner, or place of
payment or performance of any of the Guaranteed Obligations, or any other
amendment or waiver of, or any consent to or departure from, or termination
of, the Lease, (ii) any release or discharge of Tenant in any bankruptcy,
receivership or other similar proceedings, (iii) the impairment, limitation or
modification of the liability of Tenant or the estate of Tenant in bankruptcy
or of any remedy for the enforcement of Tenant's liability under the Lease,
resulting from the operation of any present or future provisions of any
bankruptcy code or other statute or from the decision in any court, the
rejection or disaffirmance of the Lease in any such proceedings, or the
assignment or transfer of the Lease by Tenant, (iv) any failure, omission or
delay on the part of Landlord to enforce, assert or exercise any right, power
or remedy conferred on or available to Landlord in or by the Lease or this
Guaranty, or any action on the part of Landlord granting indulgence or
extension in any form whatsoever or any invalidity, irregularity or
unenforceability as to Tenant of all or any part of the Guaranteed Obligations
or any security therefor, (v) the waiver by Landlord of the performance or
observance by Tenant or Guarantor of any of the agreements, covenants, terms
or conditions contained in the Lease or this Guaranty, (vi) any merger,
consolidation, reorganization or similar transaction involving Tenant even if
Tenant ceases to exist as a result of (and is not the surviving party in) such
transaction, (vii) the inability of Landlord or Tenant to enforce any
provision of the Lease for any reason, (viii) any change in the corporate
relationship between Tenant and Guarantor or any termination of such
relationship, (ix) any change in the ownership of all or any part of the
membership interests in Tenant, (x) the inability of Tenant to perform, or the
release of Tenant or Guarantor from the performance of, any obligation,
agreement, covenant, term or condition under the Lease or this Guaranty by
reason of any law, regulation or decree, now or hereafter in effect, (xi) any
merger of the leasehold estate of Tenant with the fee estate or any other
estate in the Leased Property, or (xii) any disability or other defense of
Tenant. Landlord and Tenant, without notice to or consent by Guarantor, may at
any time or times enter into such modifications, extensions, amendments, or
other covenants with respect to the Lease as they may deem appropriate and
Guarantor shall not be released thereby, but shall continue to be fully liable
for the payment and performance of all liabilities, obligations and duties of
Tenant under the Lease as so modified, extended or amended.

      Section 3. REINSTATEMENT. Guarantor further agrees that, if at any time
all or any part of any payment applied to any of the Guaranteed Obligations is
or must be rescinded or returned for any reason whatsoever (including, without
limitation, the insolvency, bankruptcy or reorganization of Guarantor), such
Guaranteed Obligations shall, for the purposes of this Guaranty, to the extent
that such payment is or must be rescinded or returned, be deemed to have
continued in existence, notwithstanding such application, and this Guaranty
shall continue to be effective or be reinstated, as the case may be, as to
such Guaranteed Obligations, all as though such application had not been made.



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      Section 4. CERTAIN ACTIONS. Landlord may, from time to time, at its
discretion and without notice to Guarantor, take any or all of the following
actions: (a) retain or obtain the primary or secondary obligation of any
obligor or obligors, in addition to Guarantor, with respect to any of the
Guaranteed Obligations; (b) extend or renew for one or more periods
(regardless of whether longer than the original period), or release or
compromise any obligation of Guarantor hereunder or any obligation of any
nature of any other obligor (including, without limitation, Tenant) with
respect to any of the Guaranteed Obligations; or (c) release or fail to
perfect any lien upon or security interest in, or impair, surrender, release
or permit any substitution or exchange for, all or any part of any property
securing any of the Guaranteed Obligations or any obligation hereunder, or
extend or renew for one or more periods (regardless of whether longer than the
original period) or release or compromise any obligations of any nature of any
obligor with respect to any such property.

      Section 5. WAIVER. To the extent permitted by applicable law, Guarantor
hereby expressly waives: (i) notice of the acceptance of this Guaranty, (ii)
except as otherwise provided in the Lease or this Guaranty, notice of the
existence or creation or non-payment of all or any of the Guaranteed
Obligations, (iii) presentment, demand, notice of dishonor, protest and all
other notices whatsoever except as otherwise provided in the Lease or this
Guaranty, and (iv) all diligence in collection or protection of or realization
upon the Guaranteed Obligations or any part thereof, any obligation hereunder,
or any security for or guaranty of any of the foregoing.

      Section 6. WAIVER OF SUBROGATION. Guarantor hereby waives all rights of
subrogation which it may at any time otherwise have as a result of this
Guaranty to the claims of Landlord against Tenant and all contractual,
statutory or common law rights of reimbursement, contribution or indemnity
from Tenant which it may at any time otherwise have as a result of this
Guaranty prior to final payment and satisfaction of the Guaranteed
Obligations.

      Section 7. MISCELLANEOUS.

      7.1 Amendments, Etc. No amendment or waiver of any provision of this
Guaranty nor consent to any departure by Guarantor therefrom shall be
effective unless the same shall be in writing and signed by Landlord.

      7.2 Addresses for Notices. All notices hereunder shall be in writing,
personally delivered, delivered by overnight courier service, sent by
facsimile transmission (with confirmation of receipt), or sent by certified
mail, return receipt requested, addressed as follows, or to such other address
as shall be designated by Guarantor or Landlord in written notice to the other
party:

      If to Tenant:     BLC-________________, LLC
                        c/o Brookdale Living Communities, Inc.
                        330 North Wabash Avenue
                        Suite 1400
                        Chicago, Illinois 60611
                        Attention:  R. Stanley Young
                        Telephone:  (312) 977-3720
                        Facsimile: (312) 977-3699



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<PAGE>

      with a copy to:   Brookdale Living Communities, Inc.
                        330 N. Wabash Avenue
                        Suite 1400
                        Chicago, Illinois 60611
                        Attention:  General Counsel
                        Telephone: (312) 977-3760
                        Facsimile: (312) 977-3769

      and to:           Burke, Warren, MacKay & Serritella, P.C.
                        330 North Wabash Avenue, 22nd Floor
                        Attention:  Douglas E. Wambach
                        Chicago, Illinois 60611
                        Telephone:  (312) 840-7019
                        Facsimile:  (312) 840-7900

      If to Guarantor:  Brookdale Provident Properties, LLC
                        c/o Brookdale Living Communities, Inc.
                        330 North Wabash Avenue
                        Suite 1400
                        Chicago, Illinois 60611
                        Attention:  R. Stanley Young
                        Telephone:  (312) 977-3720
                        Facsimile:  (312) 977-3699

      with a copy to:   Brookdale Living Communities, Inc.
                        330 N. Wabash Avenue
                        Suite 1400
                        Chicago, Illinois 60611
                        Attention:  General Counsel
                        Telephone:  (312) 977-3760
                        Facsimile:  (312) 977-3769

      and to:           Burke, Warren, MacKay & Serritella, P.C.
                        330 North Wabash Avenue, 22nd Floor
                        Attention:  Douglas E. Wambach
                        Chicago, Illinois 60611
                        Telephone:  (312) 840-7019
                        Facsimile:  (312) 840-7900

      If to Landlord:   PSLT-BLC ____________, LLC
                        c/o Fortress Investment Group
                        1251 Avenue of the Americas
                        16th Floor
                        New York, NY 10020
                        Attention:  Darryl Copeland Jr.
                        Telephone:  (212) 798-6064
                        Facsimile:  (___) ___-____



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      with a copy to:   Sidley Austin Brown & Wood LLP
                        787 Seventh Avenue
                        New York, New York 10019
                        Attention:  Robert L. Golub, Esq.
                        Telephone:  (212) 839-5326
                        Facsimile:  (212) 839-5599

      7.3 No Waiver; Remedies. No failure on the part of Landlord to exercise,
and no delay in exercising, any right hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other
right. The remedies herein provided are cumulative and not exclusive of any
other remedies available at law or equity.

      7.4 Continuing Guaranty; Transfer of Interest. This Guaranty shall
create a continuing guaranty and will (i) remain in full force and effect
until payment and performance in full and satisfaction of the Guaranteed
Obligations, (ii) be binding upon Guarantor and its successors and assigns,
and (iii) inure, together with the rights and remedies of Landlord hereunder,
to the benefit of Landlord and its successors, as permitted under the Lease.
Without limiting the generality of the foregoing clause, if and when Landlord
assigns or otherwise transfers any interest held by it under the Lease to any
other person, that other person shall thereupon become vested with all the
benefits held by Landlord under this Guaranty.

      Section 8. GOVERNING LAW. THIS GUARANTY SHALL BE GOVERNED BY, AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

      Section 9. INDUCEMENT TO LANDLORD. Guarantor acknowledges and agrees
that the execution and delivery of this Guaranty by Guarantor to Landlord has
served as a material inducement to Landlord to execute and deliver the Lease,
and Guarantor further acknowledges and agrees that but for the execution and
delivery of this Guaranty by Guarantor, Landlord would not have executed and
delivered the Lease.

      Section 10. INTENTIONALLY DELETED.

      Section 11. INTENTIONALLY DELETED.

      Section 12. SUBMISSION TO JURISDICTION. Guarantor hereby irrevocably
submits to the non-exclusive jurisdiction of any State or Federal court
located in New York County, New York State over any action, suit or proceeding
to enforce or defend any right under this Guaranty or otherwise arising from
or relating to this Guaranty, and Guarantor irrevocably agrees that all claims
in respect of any such action, suit or proceeding may be heard and determined
in such court. Guarantor hereby irrevocably waives, to the fullest extent that
it may effectively do so, the defense of an inconvenient forum or venue to the
maintenance of any such action, suit or proceeding. Guarantor hereby agrees
that a final, non-appealable judgment in any such action, suit or proceeding
shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law.



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      Section 13. WAIVER OF JURY TRIAL. Guarantor hereby waives, to the
fullest extent permitted by applicable law, any right to a trial by jury in
any action, suit or proceeding to enforce or defend any rights under this
Guaranty or any other transaction document or any amendment, instrument,
document or agreement delivered or which may in the future be delivered in
connection herewith or arising from or relating to any relationship existing
in connection with this guaranty, and agrees, to the fullest extent permitted
by applicable law, that any such action, suit or proceeding shall be tried
before a court and not before a jury.

      Section 14. COOPERATION, FURTHER ASSURANCES. Guarantor covenants, and
agrees to sign, execute and deliver or cause to be signed, executed and
delivered and to do or make, or to cause to be done or make, upon the written
request of Landlord, any and all agreements, instruments, papers, deeds, acts
or things, supplemental, confirming or otherwise, as may be reasonably
required by Landlord for the purpose of, or in connection with, the
transaction contemplated hereby. Upon full and final payment and performance
of the Guaranteed Obligations, Landlord agrees to execute a release for the
benefit of Guarantor, in form and content reasonably satisfactory to Landlord.
Notwithstanding anything to the contrary contained herein, this Guaranty shall
survive for a period of twelve (12) months after the expiration or earlier
termination of the Lease, and Guarantor shall be liable to Landlord hereunder
for any Guaranteed Obligations which arise during such period and relate to
matters which (i) occurred during the term of the Lease or (ii) Tenant is
otherwise required to indemnify Landlord against pursuant to the terms of the
Lease. Except to the extent expressly provided otherwise in any guaranty or
indemnity from Guarantor or its direct or indirect Parent to Landlord or its
Affiliates (each such term as defined in the Lease), in no event shall any
trustee, shareholder, member, guarantor, partner, employee, officer or
beneficiary of Guarantor be personally liable for any of the obligations of
Guarantor hereunder.

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      Guarantor has caused this Guaranty to be effective as of the Effective
Date.

                                       GUARANTOR:
                                       ---------



                                       BROOKDALE PROVIDENT PROPERTIES, LLC,
                                       a Delaware limited liability company



                                       By:_________________________________
                                          Name:
                                          Title: