Exhibit 10.14

 

PARTIAL TERMINATION OF AND SEVENTH AMENDMENT TO
 AMENDED AND RESTATED MASTER LEASE AGREEMENT
 (LEASE NO. 2)

 

THIS PARTIAL TERMINATION OF AND SEVENTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 2) (this “Amendment”) is made and entered into as of June 1, 2014, by and among each of the parties identified on the signature pages hereof as a landlord (collectively, “Landlord”) and each of the parties identified on the signature pages hereof as a tenant (jointly and severally, “Tenant”).

 

W  I  T  N  E  S  S  E  T  H:

 

WHEREAS, pursuant to the terms of that certain Amended and Restated Master Lease Agreement (Lease No. 2), dated as of August 4, 2009, as amended by that certain Partial Termination of and First Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of November 1, 2009, that certain Partial Termination of and Second Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of August 1, 2010, that certain Third Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of June 20, 2011, that certain Fourth Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of July 22, 2011, that certain Fifth Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of August 31, 2012, and that certain Partial Termination of and Sixth Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of September 19, 2013 (as so amended, “Amended Lease No. 2”), Landlord leases to Tenant, and Tenant leases from Landlord, the Leased Property (this and other capitalized terms used but not otherwise defined herein having the meanings given such terms in Amended Lease No. 2), all as more particularly described in Amended Lease No. 2;

 

WHEREAS, SPTMNR Properties Trust (“SPTMNR”) and Five Star Quality Care-WI, LLC. have agreed to sell the Properties known as (a) Greentree Health & Rehabilitation Center, located at 70 Green Tree Road, Clintonville, Wisconsin (the “Greentree Property”)and (b) Pine Manor Healthcare Center, located at 1625 East Main Street, Village of Embarrass, Clintonville, Wisconsin (the “Pine Manor Property” and, together with the Greentree Property, collectively, the “Wisconsin Sale Properties”); and

 

WHEREAS, in connection with the sale of the Wisconsin Sale Properties, Landlord and Tenant wish to amend Amended Lease No. 2 to terminate Amended Lease No. 2 with respect to the Wisconsin Sale Properties effective as of the date hereof.

 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree that, effective as of the date hereof, Amended Lease No. 2 is hereby amended as follows:

 

1.             Partial Termination of Lease.  Amended Lease No. 2 is terminated with respect to the Wisconsin Sale Properties and neither Landlord nor Tenant shall have any further rights or liabilities thereunder with respect to the Wisconsin Sale Properties from and after the date

 











 

hereof, except for those rights and liabilities which by their terms survive the termination of Amended Lease No. 2.

 

2.             Minimum Rent.  The defined term “Minimum Rent” set forth in Section 1.67 of Amended Lease No. 2 is deleted in its entirety and replaced with the following:

 

“Minimum Rent”  shall mean the sum of Sixty-Two Million Two Hundred Twenty-Six Thousand Two Hundred Ninety-Two and 26/100 Dollars ($62,226,292.26) per annum.

 

3.             Schedule 1.  Schedule 1 to Amended Lease No. 2 is deleted in its entirety and replaced with Schedule 1 attached hereto.

 

4.             Exhibit A.  Exhibit A to Amended Lease No. 2 is amended by deleting each of Exhibit A-46 and Exhibit A-47 attached thereto in their respective entireties and replacing each of them with “Intentionally Deleted.”

 

5.             Ratification.  As amended hereby, Amended Lease No. 2 is ratified and confirmed.

 

[Remainder of page intentionally left blank; signature pages follow]

 

2











 

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as a sealed instrument as of the date first above written.

 

	
 
    	
LANDLORD:
    
	
 
    	
 
    
	
 
    	
SPTIHS PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SPTMNR PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SNH/LTA PROPERTIES GA LLC
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SNH/LTA PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
O.F.C. CORPORATION
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SNH CHS PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
CCC OF KENTUCKY TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    


 

3











 

	
 
    	
LEISURE PARK VENTURE LIMITED   PARTNERSHIP
    
	
 
    	
 
    
	
 
    	
By:
    	
CCC Leisure Park   Corporation,
    
	
 
    	
 
    	
its General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
 
    	
CCDE SENIOR LIVING LLC
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
CCOP SENIOR LIVING LLC
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
CCC PUEBLO NORTE TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
CCC RETIREMENT COMMUNITIES II, L.P.
    
	
 
    	
 
    
	
 
    	
By:
    	
Crestline Ventures LLC,
    
	
 
    	
 
    	
its General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
 
    	
CCC INVESTMENTS I, L.L.C.
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    


 

4











 

	
 
    	
CCC FINANCING I TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
 
    	
CCC FINANCING LIMITED, L.P.
    
	
 
    	
 
    
	
 
    	
By:
    	
CCC Retirement Trust,
    
	
 
    	
 
    	
its General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
 
    	
SNH SOMERFORD PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    


 

5











 

	
 
    	
TENANT:
    
	
 
    	
 
    
	
 
    	
FIVE STAR QUALITY CARE TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Bruce J. Mackey Jr.
    
	
 
    	
 
    	
Bruce J. Mackey Jr.
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
FS TENANT HOLDING COMPANY TRUST
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Bruce J. Mackey Jr.
    
	
 
    	
 
    	
Bruce J. Mackey Jr.
    
	
 
    	
 
    	
President
    


 

6











 

SCHEDULE 1

 

PROPERTY-SPECIFIC INFORMATION

 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base Gross Revenues
    (Calendar Year)
    	
 
    	
Base Gross Revenues
    (Dollar Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
    Rate
    	
 
    
	
A-1
    	
 
    	
Ashton Gables in Riverchase 

2184 Parkway Lake Drive

Birmingham, AL 35244
    	
 
    	
2009
    	
 
    	
$
    	
2,121,622
    	
 
    	
08/01/2008
    	
 
    	
8
    	
%
    
	
A-2
    	
 
    	
Lakeview Estates

2634 Valleydale Road

Birmingham, AL 35244
    	
 
    	
2009
    	
 
    	
$
    	
2,692,868
    	
 
    	
08/01/2008
    	
 
    	
8
    	
%
    
	
A-3
    	
 
    	
Forum at Pueblo Norte

7090 East Mescal Street

Scottsdale, AZ 85254
    	
 
    	
2005
    	
 
    	
$
    	
11,470,312
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-4
    	
 
    	
La Salette Health and

Rehabilitation Center

537 East Fulton Street

Stockton, CA 95204
    	
 
    	
2005
    	
 
    	
$
    	
7,726,002
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-5
    	
 
    	
Thousand Oaks Health Care Center

93 West Avenida de Los Arboles

Thousand Oaks, CA 91360
    	
 
    	
2005
    	
 
    	
$
    	
8,087,430
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-6
    	
 
    	
Skyline Ridge Nursing &

Rehabilitation Center

515 Fairview Avenue

Canon City, CO 81212
    	
 
    	
2005
    	
 
    	
$
    	
4,104,100
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-7
    	
 
    	
Springs Village Care Center

110 West Van Buren Street

Colorado Springs, CO 80907
    	
 
    	
2005
    	
 
    	
$
    	
4,799,252
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-8
    	
 
    	
Willow Tree Care Center

2050 South Main Street

Delta, CO 81416
    	
 
    	
2005
    	
 
    	
$
    	
4,310,982
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-9
    	
 
    	
Cedars Healthcare Center

1599 Ingalls Street

Lakewood, CO 80214
    	
 
    	
2005
    	
 
    	
$
    	
6,964,007
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-10
    	
 
    	
Millcroft

255 Possum Park Road

Newark, DE 19711
    	
 
    	
2005
    	
 
    	
$
    	
11,410,121
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-11
    	
 
    	
Forwood Manor

1912 Marsh Road

Wilmington, DE 19810
    	
 
    	
2005
    	
 
    	
$
    	
13,446,434
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-12
    	
 
    	
Foulk Manor South

407 Foulk Road

Wilmington, DE 19803
    	
 
    	
2005
    	
 
    	
$
    	
4,430,251
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-13
    	
 
    	
Shipley Manor

2723 Shipley Road

Wilmington, DE 19810
    	
 
    	
2005
    	
 
    	
$
    	
9,333,057
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-14
    	
 
    	
Forum at Deer Creek

3001 Deer Creek

Country Club Blvd.

Deerfield Beach, FL 33442
    	
 
    	
2005
    	
 
    	
$
    	
12,323,581
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-15
    	
 
    	
Springwood Court

12780 Kenwood Lane

Fort Myers, FL 33907
    	
 
    	
2005
    	
 
    	
$
    	
2,577,612
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-16
    	
 
    	
Fountainview

111 Executive Center Drive

West Palm Beach, FL 33401
    	
 
    	
2005
    	
 
    	
$
    	
7,920,202
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    


 











 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base Gross Revenues
    (Calendar Year)
    	
 
    	
Base Gross Revenues
    (Dollar Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
    Rate
    	
 
    
	
A-17
    	
 
    	
Morningside of Athens

1291 Cedar Shoals Drive

Athens, GA 30605
    	
 
    	
2006
    	
 
    	
$
    	
1,560,026
    	
 
    	
11/19/2004
    	
 
    	
9
    	
%
    
	
A-18
    	
 
    	
Marsh View Senior Living

7410 Skidaway Road

Savannah, GA 31406
    	
 
    	
2007
    	
 
    	
$
    	
2,108,378
    	
 
    	
11/01/2006
    	
 
    	
8.25
    	
%
    
	
A-19
    	
 
    	
Pacific Place

20937 Kane Avenue

Pacific Junction, IA 51561
    	
 
    	
2005
    	
 
    	
$
    	
848,447
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-20
    	
 
    	
West Bridge Care & Rehabilitation

1015 West Summit Street

Winterset, IA 50273
    	
 
    	
2005
    	
 
    	
$
    	
3,157,928
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-21
    	
 
    	
Meadowood Retirement Community

2455 Tamarack Trail

Bloomington, IN 47408
    	
 
    	
2009
    	
 
    	
$
    	
12,061,814
    	
 
    	
11/01/2008
    	
 
    	
8
    	
%
    
	
A-22
    	
 
    	
Woodhaven Care Center

510 West 7th Street

Ellinwood, KS 67526
    	
 
    	
2005
    	
 
    	
$
    	
2,704,674
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-23
    	
 
    	
Lafayette at Country Place

690 Mason Headley Road

Lexington, KY 40504
    	
 
    	
2005
    	
 
    	
$
    	
4,928,052
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-24
    	
 
    	
Lexington Country Place

700 Mason Headley Road

Lexington, KY 40504
    	
 
    	
2005
    	
 
    	
$
    	
8,893,947
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-25
    	
 
    	
Intentionally deleted.
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-26
    	
 
    	
Intentionally deleted.
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-27
    	
 
    	
HeartFields at Bowie

7600 Laurel Bowie Road

Bowie, MD 20715
    	
 
    	
2005
    	
 
    	
$
    	
2,436,102
    	
 
    	
10/25/2002
    	
 
    	
10
    	
%
    
	
A-28
    	
 
    	
HeartFields at Frederick

1820 Latham Drive

Frederick, MD 21701
    	
 
    	
2005
    	
 
    	
$
    	
2,173,971
    	
 
    	
10/25/2002
    	
 
    	
10
    	
%
    
	
A-29
    	
 
    	
Intentionally deleted.
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-30
    	
 
    	
Intentionally deleted.
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-31
    	
 
    	
Morys Haven

1112 15th Street

Columbus, NE 68601
    	
 
    	
2005
    	
 
    	
$
    	
2,440,714
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-32
    	
 
    	
Intentionally deleted.
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-33
    	
 
    	
Wedgewood Care Center

800 Stoeger Drive

Grand Island, NE 68803
    	
 
    	
2005
    	
 
    	
$
    	
4,000,565
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-34
    	
 
    	
Intentionally deleted.
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-35
    	
 
    	
Crestview Healthcare Center

1100 West First Street

Milford, NE 68405
    	
 
    	
2005
    	
 
    	
$
    	
2,284,407
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-36
    	
 
    	
Utica Community Care Center

1350 Centennial Avenue

Utica, NE 68456
    	
 
    	
2005
    	
 
    	
$
    	
1,950,325
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-37
    	
 
    	
Leisure Park

1400 Route 70

Lakewood, NJ 08701
    	
 
    	
2005
    	
 
    	
$
    	
14,273,446
    	
 
    	
01/07/2002
    	
 
    	
10
    	
%
    


 











 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base Gross Revenues
    (Calendar Year)
    	
 
    	
Base Gross Revenues
    (Dollar Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
    Rate
    	
 
    
	
A-38
    	
 
    	
Franciscan Manor

71 Darlington Road

Patterson Township

Beaver Falls, PA 15010
    	
 
    	
2006
    	
 
    	
$
    	
4,151,818
    	
 
    	
10/31/2005
    	
 
    	
9
    	
%
    
	
A-39
    	
 
    	
Mount Vernon of Elizabeth

145 Broadlawn Drive

Elizabeth, PA 15037
    	
 
    	
2006
    	
 
    	
$
    	
2,332,574
    	
 
    	
10/31/2005
    	
 
    	
9
    	
%
    
	
A-40
    	
 
    	
Overlook Green

5250 Meadowgreen Drive

Whitehall, PA 15236
    	
 
    	
2006
    	
 
    	
$
    	
3,878,300
    	
 
    	
10/31/2005
    	
 
    	
9
    	
%
    
	
A-41
    	
 
    	
Myrtle Beach Manor

9547 Highway 17 North

Myrtle Beach, SC 29572
    	
 
    	
2005
    	
 
    	
$
    	
6,138,714
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-42
    	
 
    	
Morningside of Anderson

1304 McLees Road

Anderson, SC 29621
    	
 
    	
2006
    	
 
    	
$
    	
1,381,775
    	
 
    	
11/19/2004
    	
 
    	
9
    	
%
    
	
A-43
    	
 
    	
Heritage Place at Boerne

120 Crosspoint Drive

Boerne, TX 78006
    	
 
    	
2009
    	
 
    	
$
    	
1,469,683
    	
 
    	
02/07/2008
    	
 
    	
8
    	
%
    
	
A-44
    	
 
    	
Forum at Park Lane

7831 Park Lane

Dallas, TX 75225
    	
 
    	
2005
    	
 
    	
$
    	
13,620,931
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-45
    	
 
    	
Heritage Place at Fredericksburg

96 Frederick Road

Fredericksburg, TX 78624
    	
 
    	
2009
    	
 
    	
$
    	
1,386,771
    	
 
    	
02/07/2008
    	
 
    	
8
    	
%
    
	
A-46
    	
 
    	
Intentionally deleted.
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-47
    	
 
    	
Intentionally deleted.
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-48
    	
 
    	
ManorPointe - Oak Creek   Independent Senior Apartments and Meadowmere - Mitchell Manor - Oak Creek

700 East Stonegate Drive and

701 East Puetz Road

Oak Creek, WI 53154
    	
 
    	
2009
    	
 
    	
$
    	
4,189,440
    	
 
    	
01/04/2008
    	
 
    	
8
    	
%
    
	
A-49
    	
 
    	
River Hills West Healthcare Center

321 Riverside Drive

Pewaukee, WI 53072
    	
 
    	
2005
    	
 
    	
$
    	
9,211,765
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-50
    	
 
    	
The Virginia   Health & Rehabilitation Center

1451 Cleveland Avenue

Waukesha, WI 53186
    	
 
    	
2005
    	
 
    	
$
    	
6,128,045
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-51
    	
 
    	
Reserve at Greenbriar

1005 Elysian Place

Chesapeake, Virginia
    	
 
    	
2012
    	
 
    	
$
    	
2,508,269
    	
 
    	
06/20/2011
    	
 
    	
7.5
    	
%
    
	
A-52
    	
 
    	
Palms at St. Lucie West

501 N.W. Cashmere Boulevard

Port St. Lucie, Florida
    	
 
    	
2012
    	
 
    	
$
    	
2,903,642
    	
 
    	
07/22/2011
    	
 
    	
7.5
    	
%
    
	
A-53
    	
 
    	
Forum at Desert Harbor

13840 North Desert Harbor Drive

Peoria, AZ 85381
    	
 
    	
2005
    	
 
    	
$
    	
9,830,918
    	
 
    	
01/11/2002
    	
 
    	
10.0
    	
%
    
	
A-54
    	
 
    	
Forum at Tucson

2500 North Rosemont Blvd.

Tucson, AZ 85712
    	
 
    	
2005
    	
 
    	
$
    	
13,258,998
    	
 
    	
01/11/2002
    	
 
    	
10.0
    	
%
    
	
A-55
    	
 
    	
Park Summit at Coral Springs

8500 Royal Palm Blvd.

Coral Springs, FL 33065
    	
 
    	
2005
    	
 
    	
$
    	
11,229,677
    	
 
    	
01/11/2002
    	
 
    	
10.0
    	
%
    


 











 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base Gross Revenues
    (Calendar Year)
    	
 
    	
Base Gross Revenues
    (Dollar Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
    Rate
    	
 
    
	
A-56
    	
 
    	
Gables at Winchester

299 Cambridge Street

Winchester, MA 01890
    	
 
    	
2005
    	
 
    	
$
    	
6,937,852
    	
 
    	
01/11/2002
    	
 
    	
10.0
    	
%
    
	
A-57
    	
 
    	
Forum at Memorial Woods

777 North Post Oak Road

Houston, TX 77024
    	
 
    	
2005
    	
 
    	
$
    	
19,734,400
    	
 
    	
01/11/2002
    	
 
    	
10.0
    	
%