Exhibit
10.1
 PURCHASE AND SALE AGREEMENT
  LIFE TIME FITNESS, INC.  LTF REAL ESTATE COMPANY, INC.,
 SENIOR HOUSING PROPERTIES TRUST,




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SECTION 1. DEFINITIONS
    
    
    21.1
    
    Agreement
    
    
    21.2
    
    Assets
    
    
    21.3
    
    Business Day
    
    
    21.4
    
    Closing
    
    
    31.5
    
    Closing Date
    
    
    31.6
    
    Documents
    
    
    31.7
    
    FF&E
    
    
    31.8
    
    Guarantor
    
    
    31.9
    
    Guaranty
    
    
    31.10
    
    Improvements
    
    
    31.11
    
    Intangible Property
    
    
    31.12
    
    Lease
    
    
    41.13
    
    Permitted Encumbrances
    
    
    41.14
    
    Properties
    
    
    41.15
    
    Purchase Price
    
    
    41.16
    
    Purchaser
    
    
    41.17
    
    Real Property
    
    
    41.18
    
    SEC
    
    
    41.19
    
    Seller
    
    
    41.20
    
    Sellers Personal Property
    
    
    41.21
    
    Surveys
    
    
    51.22
    
    Tenant
    
    
    51.23
    
    Title Commitments
    
    
    51.24
    
    Title Company
    
    
    51.25
    
    Title Policies
    
    
    5SECTION 2. PURCHASE AND SALE; CLOSING
    
    
    52.1
    
    Purchase and Sale
    
    
    52.2
    
    Closing
    
    
    52.3
    
    Purchase Price
    
    
    6SECTION 3. TITLE, DILIGENCE MATERIALS, ETC.
    
    
    63.1
    
    Title and Survey Matters
    
    
    63.2
    
    Other Diligence Materials
    
    
    6SECTION 4. CONDITIONS TO PURCHASERS OBLIGATION TO CLOSE
    
    
    64.1
    
    Closing Documents
    
    
    74.2
    
    Title Policies and Surveys
    
    
    84.3
    
    Opinion of Counsel
    
    
    8SECTION 5. CONDITIONS TO SELLERS OBLIGATION TO CLOSE
    
    
    8
 -x-




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5.1
    
    Purchase Price
    
    
    85.2
    
    Closing Documents
    
    
    8SECTION 6. REPRESENTATIONS AND WARRANTIES OF SELLER
    
    
    86.1
    
    Status and Authority of the Seller
    
    
    86.2
    
    Action of the Seller
    
    
    96.3
    
    No Violations of Agreements
    
    
    96.4
    
    Litigation
    
    
    96.5
    
    Existing Leases, Occupancy
Agreements, Etc.
    
    
    96.6
    
    Utilities, Etc.
    
    
    96.7
    
    Compliance With Law
    
    
    106.8
    
    Not A Foreign Person
    
    
    106.9
    
    Hazardous Substances
    
    
    106.10
    
    Insurance
    
    
    116.11
    
    Financial Statements, Etc.
    
    
    116.12
    
    Disclosure
    
    
    11SECTION 7. REPRESENTATIONS AND WARRANTIES OF PURCHASER
    
    
    127.1
    
    Status and Authority of the Purchaser
    
    
    127.2
    
    Action of the Purchaser
    
    
    127.3
    
    No Violations of Agreements
    
    
    127.4
    
    Litigation
    
    
    12SECTION 8. APPORTIONMENTS
    
    
    138.1
    
    Real Property Apportionments
    
    
    138.2
    
    Closing Costs
    
    
    138.3
    
    Survival
    
    
    13SECTION 9. MISCELLANEOUS
    
    
    139.1
    
    Agreement to Indemnify
    
    
    139.2
    
    Publicity
    
    
    149.3
    
    Notices
    
    
    149.4
    
    Waivers, Etc.
    
    
    159.5
    
    Assignment; Successors and Assigns
    
    
    169.6
    
    Severability
    
    
    169.7
    
    Counterparts, Etc.
    
    
    169.8
    
    Governing Law
    
    
    169.9
    
    Waiver of Right to Trial by Jury
    
    
    179.10
    
    Performance on Business Days
    
    
    179.11
    
    Attorneys Fees
    
    
    179.12
    
    Section and Other Headings
    
    
    179.13
    
    Time of Essence
    
    
    179.14
    
    Nonliability of Trustees
    
    
    18
 -xi-




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PURCHASE AND SALE AGREEMENT
 THIS PURCHASE AND SALE AGREEMENT LIFE TIME
FITNESS INC. Life Time LTF REAL ESTATE COMPANY, INC. Tenant Seller SENIOR
HOUSING PROPERTIES TRUST Purchaser
 WITNESSETH :
 WHEREAS Section 1
 WHEREAS
 WHEREAS
 NOW, THEREFORE
 SECTION 1. DEFINITIONS
   Agreement  Exhibits A through C
  Assets 
  Business Day 
 -2-




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 Closing  Section 2.2
  Closing Date  Section 2.2
  Documents 
  FF&E 
  Guarantor 
  Guaranty 
  Improvements 
  Intangible Property 
 -3-




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 Lease 
  Permitted Encumbrances 
  Properties  Exhibit A Exhibits B-1 through B-4
  Purchase Price  Section 8
  Purchaser 
  Real Property  Exhibit B-1 through B-4
  SEC 
  Seller 
  Sellers Personal Property 
 -4-




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 Surveys  Section 3.1
  Tenant 
  Title Commitments  Section
3.1
  Title Company 
  Title Policies  Section 4.2
 SECTION 2. PURCHASE AND SALE; CLOSING
 Purchase and Sale
 Closing Closing
 -5-




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Closing Date
 Purchase Price Article 8
 SECTION 3. TITLE, DILIGENCE MATERIALS, ETC.
 Title and Survey Matters
 Title
Commitments
 Surveys Exhibit C
 Other Diligence Materials
 SECTION 4. CONDITIONS TO PURCHASERS OBLIGATION TO CLOSE
  -6-




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Closing Documents
         -7-




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Title Policies and Surveys Title Policies
 Section 3.1
 Opinion of Counsel
 SECTION 5. CONDITIONS TO SELLERS OBLIGATION TO CLOSE
  Purchase Price Section 2.3
 Closing Documents
 Section
4.1
  SECTION 6. REPRESENTATIONS AND WARRANTIES OF SELLER
  Status and Authority of the Seller
 -8-




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Action of the Seller
 No Violations of Agreements
 Litigation
 Existing Leases, Occupancy Agreements, Etc.
 Utilities, Etc
 -9-




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Compliance With Law
 Not A Foreign Person
 Hazardous Substances
  -10-




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Insurance
 Financial Statements, Etc.
 Disclosure
  -11-




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SECTION 7. REPRESENTATIONS AND WARRANTIES OF PURCHASER
  Status and Authority of the Purchaser
 Action of the Purchaser
 No Violations of Agreements
 Litigation
 -12-




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SECTION 8. APPORTIONMENTS
 Real Property Apportionments
 Closing Costs
 Survival Section 8
 SECTION 9. MISCELLANEOUS
 Agreement to Indemnify
 -13-




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Section 9.1
 Publicity
 Notices
    
 
 -14-




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Waivers, Etc
 -15-




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Assignment; Successors and Assigns provided however
 Severability
 Counterparts, Etc
 Governing Law
 -16-




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Waiver of Right to Trial by Jury
 Performance on Business Days
 Attorneys Fees
 Section and Other Headings
 Time of Essence
 -17-




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Nonliability of Trustees DECLARATION
 [SIGNATURES ON FOLLOWING PAGES]
 -18-




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IN WITNESS WHEREOF
 SELLER:LIFE TIME FITNESS, INC.,
a Minnesota corporationBy:
    /s/ Eric J. BussEric J. BussSecretary LTF REAL ESTATE COMPANY, INC.,
a Minnesota corporationBy:
    /s/ Eric J. BussEric J. BussSecretary -19-




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PURCHASER:SENIOR HOUSING PROPERTIES TRUST,
a Maryland real estate investment trustBy:
    /s/ David J. HegartyDavid J. HegartyPresident




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Exhibit A
 The Properties
 Alpharetta, Georgia
  Romeoville, Illinois
  Allen, Texas
  Omaha, Nebraska




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Exhibits B-1 through B-4
 Legal Descriptions of Properties
  -i-




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Exhibit B-1
 Legal Description of Alpharetta, Georgia Property
   -ii-




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-iii-




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Exhibit B-2
 Legal Description of Romeoville, Illinois Property
  -iv-




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Exhibit B-3
 Legal Description of Allen, Texas Property
   -v-




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-vi-




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Exhibit B-4
 Legal Description of Omaha, Nebraska Property
  -vii-




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Exhibit C
 Form of Surveyors Certificate
 SURVEYORS CERTIFICATE
 TO:
    
    Senior Housing Properties Trust,
and its assignees or nominees
400 Centre Street
Newton, MA 02458
 RE:
    
    Survey Entitled ________________________ dated _________ ___, 2008, prepared by
____________
 (date)   Title Commitment
   -viii-




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Registered Land Surveyor#________________
[Surveyors Seal] -ix-