Ex10-3



		

			 

		




		
			Exhibit 10.3
		

		
			PARTIAL TERMINATION OF AND ELEVENTH AMENDMENT TO
AMENDED AND RESTATED MASTER LEASE AGREEMENT
(LEASE NO. 1)
		

		
			THIS PARTIAL TERMINATION OF AND ELEVENTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 1) (this "Amendment") is made and entered into as of October 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. 1), 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. 1), dated as of October 1, 2009, that certain Second Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of November 17, 2009, that certain Third Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of December 10, 2009, that certain Partial Termination of and Fourth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of August 1, 2010, that certain Fifth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of May 1, 2011, that certain Partial Termination of and Sixth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of June 1, 2011, that certain Seventh Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of June 20, 2011,  that certain Eighth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of August 31, 2012, that certain Partial Termination of and Ninth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of August 1, 2013, and that certain Partial Termination of and Tenth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of January 22, 2014 (as so amended, "Amended Lease No. 1"), 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. 1), all as more particularly described in Amended Lease No. 1; and
		

		
			WHEREAS, simultaneously herewith, SNH CHS Properties Trust is selling a portion of the Leased Property consisting of the real property and related improvements known as Heartfields of Richmond and located at 501 North Allen Avenue, Richmond, Virginia,  as more particularly described on Exhibit A-47 to Amended Lease No. 1 (the "Richmond Property"); and
		

		
			WHEREAS, in connection with the foregoing,  SNH CHS Properties Trust and the other entities comprising Landlord and Five Star Quality Care Trust and the other entities comprising Tenant wish to amend Amended Lease No. 1 to terminate Amended Lease No. 1 with respect to the Richmond Property;
		

		
			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. 1 is hereby amended as follows:
		

			
	
			
				 1.
			Partial Termination of Amended Lease No. 1.  Amended Lease No. 1 is terminated with respect to the Richmond Property and neither Landlord nor Tenant shall have any further rights or liabilities thereunder with respect to the Richmond Property from and after the date hereof, except for those rights and liabilities which by their terms survive the termination of Amended Lease No. 1.




			
	
			
				 2.
			Definition of Minimum Rent.  The defined term "Minimum Rent" set forth in Section 1.68 of Amended Lease No. 1 is deleted in its entirety and replaced with the following:




		
			"Minimum Rent"  shall mean the sum of Fifty-Nine Million Thirty-Five Thousand Twenty-Four and 19/100 Dollars ($59,035,024.19) per annum.
		

		 


		

			 

		




 


		

			 

		




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




			
	
			
				 4.
			Exhibit A.  Exhibit A to Amended Lease No. 1 is amended by (a) deleting the text of Exhibit A-47 attached thereto in its entirety and replacing it with “Intentionally Deleted”.




			
	
			
				 5.
			Ratification.  As amended hereby, Amended Lease No. 1 is hereby ratified and confirmed.




		
			 
		

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

		
			 
		

		
			{B1796630; 1}
		

		
			 
		

		
			 
		


		

		

		 


		

			 

		




 


		

			 

		




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

		
			 
		

		
			LANDLORD:
		

		
			SNH SOMERFORD PROPERTIES TRUST
SPTMNR PROPERTIES TRUST
SNH/LTA PROPERTIES TRUST
SPTIHS PROPERTIES TRUST
SNH CHS PROPERTIES TRUST
SNH/LTA PROPERTIES GA LLC
		

		
			 
		

		
			By:/s/ David J. Hegarty
		

		
			David J. Hegarty
		

		
			President of each of the foregoing entities
		

		
			 
		

		
			MSD – MACON, LLC
		

		
			MSD – BEAUFORT, LLC 
		

		
			MSD – CAMDEN, LLC
		

		
			MSD – HARTSVILLE, LLC
		

		
			MSD – LEXINGTON, LLC
		

		
			MSD – ORANGEBURG, LLC
		

		
			MSD – SENECA, LLC
		

		
			MSD – CULLMAN, LLC
		

		
			MSD – MADISON, LLC
		

		
			MSD – SHEFFIELD, LLC
		

		
			MSD – BOWLING GREEN, LLC
		

		
			MSD – PADUCAH, LLC
		

		
			MSD – CONYERS, LLC
		

		
			MSD – GAINESVILLE, LLC
		

		
			MSD – CLEVELAND, LLC
		

		
			MSD – COOKEVILLE, LLC
		

		
			MSD – JACKSON, LLC
		

		
			MSD – KNOXVILLE, LLC 
		

		
			MSD – FRANKLIN, LLC
		

		
			MSD – HOPKINSVILLE, LLC
		

		
			 
		

		
			By: /s/ David J. Hegarty
		

		
			       David J. Hegarty
		

		
			       President of each of the foregoing entities
		

		
			 
		

		
			TENANT:
		

		
			 
		

		
			FIVE STAR QUALITY CARE TRUST
MORNINGSIDE OF KNOXVILLE, LLC
MORNINGSIDE OF FRANKLIN, LLC

		

		
			By:/s/ Bruce J. Mackey Jr.
		

		
			Bruce J. Mackey Jr.
		

		
			President of each of the foregoing entities
		

		
			{B1796630; 1}[Signature Page: Partial Termination of and Eleventh Amendment to Amended and Restated Master Lease Agreement (Lease No. 1)]
		

		
			 
		

		

		

		 


		

			 

		




 


		

			 

		




		 
		

		
			MORNINGSIDE OF MACON, LLC
		

		
			MORNINGSIDE OF SENECA, L.P.
		

		
			MORNINGSIDE OF HOPKINSVILLE, LIMITED PARTNERSHIP
		

		
			 
		

		
			By:  LIFETRUST AMERICA, INC., 
a Tennessee corporation, its General Partner/Member (as applicable)
		

		
			 
		

		
			 
		

		
			By:/s/ Bruce J. Mackey Jr.
		

		
			Bruce J. Mackey Jr.
		

		
			President and Chief Executive Officer
		

		
			 
		

		
			 
		

		
			MORNINGSIDE OF BEAUFORT, LLC
MORNINGSIDE OF CAMDEN, LLC
		

		
			MORNINGSIDE OF HARTSVILLE, LLC
		

		
			MORNINGSIDE OF LEXINGTON, LLC
		

		
			MORNINGSIDE OF ORANGEBURG, LLC
		

		
			 
		

		
			By:  MORNINGSIDE OF SOUTH CAROLINA, L.P., a Delaware limited partnership, its Sole Member
		

		
			 
		

		
			By:LIFETRUST AMERICA, INC., 
a Tennessee corporation, its General Partner
		

		
			 
		

		
			 
		

		
			By:/s/ Bruce J. Mackey Jr.
		

		
			Bruce J. Mackey Jr.
		

		
			President and Chief Executive Officer
		

		

		

		 


		

			 

		




 


		

			 

		




		MORNINGSIDE OF CULLMAN, LLC
MORNINGSIDE OF MADISON, LLC
		

		
			MORNINGSIDE OF SHEFFIELD, LLC
		

		
			 
		

		
			By:  MORNINGSIDE OF ALABAMA, L.P., a Delaware limited partnership, its Sole Member
		

		
			 
		

		
			By:LIFETRUST AMERICA, INC., 
a Tennessee corporation, its General Partner
		

		
			 
		

		
			 
		

		
			By:/s/ Bruce J. Mackey Jr.
		

		
			Bruce J. Mackey Jr.
		

		
			President and Chief Executive 

Officer
		

		
			 
		

		
			 
		

		
			MORNINGSIDE OF BOWLING GREEN, LLC
MORNINGSIDE OF PADUCAH, LLC
		

		
			 
		

		
			By:  MORNINGSIDE OF KENTUCKY, LIMITED PARTNERSHIP, a Delaware limited partnership, its Sole Member
		

		
			 
		

		
			By:  LIFETRUST AMERICA, INC., 
a Tennessee corporation, its General Partner
		

		
			 
		

		
			By:/s/ Bruce J. Mackey Jr.
		

		
			Bruce J. Mackey Jr.
		

		
			President and Chief Executive Officer
		

		
			 
		

		
			 
		

		

		

		 


		

			 

		




 


		

			 

		




		MORNINGSIDE OF CONYERS, LLC
MORNINGSIDE OF GAINESVILLE, LLC
		

		
			 
		

		
			By:  MORNINGSIDE OF GEORGIA, L.P., a Delaware limited partnership, its Sole Member
		

		
			 
		

		
			By:  LIFETRUST AMERICA, INC., 
a Tennessee corporation, its General Partner
		

		
			 
		

		
			 
		

		
			By:/s/ Bruce J. Mackey Jr.
		

		
			      Bruce J. Mackey Jr.
		

		
			 President and Chief Executive Officer
		

		
			 
		

		
			 
		

		
			MORNINGSIDE OF CLEVELAND, LLC
MORNINGSIDE OF COOKEVILLE, LLC
		

		
			MORNINGSIDE OF JACKSON, LLC
		

		
			 
		

		
			By:  MORNINGSIDE OF TENNESSEE, LLC, a Delaware limited liability company, its Sole Member
		

		
			 
		

		
			 
		

		
			By:/s/ Bruce J. Mackey Jr.
		

		
			      Bruce J. Mackey Jr.
		

		
			      President and Chief Executive Officer
		

		
			{B1796630; 1}[Signature Page: Partial Termination of and Eleventh Amendment to Amended and Restated Master Lease Agreement (Lease No. 1)]
		

		
			 
		

		
			 
		


		

		

		 


		

			 

		




 


		

			 

		




		SCHEDULE 1
		

		
			 
		

		
			PROPERTY-SPECIFIC INFORMATION
		

		
			 
		

			
					
						Exhibit

					
					
						   

					
					
						Property Address

					
					
						   

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						   

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						   

					
					
						Commencement
Date

					
					
						   

					
					
						Interest Rate

					
					
						   

				
	
					
						A-1

					
					
						 

					
					
						La Mesa Healthcare Center

					
						2470 South Arizona Avenue

					
						Yuma, AZ 85364

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						6,333,157 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-2

					
					
						 

					
					
						SunQuest Village of Yuma

					
						265 East 24th Street

					
						Yuma, AZ  85364

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						543,595 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-3

					
					
						 

					
					
						Somerford Place - Encinitas

					
						1350 South El Camino Real

					
						Encinitas, CA  92024

					
					
						 

					
					
						2009 

					
					
						 

					
					
						$

					
					
						3,092,467 

					
					
						 

					
					
						03/31/2008

					
					
						 

					
					
						8 

					
					
						%  

				
	
					
						A-4

					
					
						 

					
					
						Somerford Place - Fresno

					
						6075 North Marks Avenue

					
						Fresno, CA  93711

					
					
						 

					
					
						2009 

					
					
						 

					
					
						$

					
					
						3,424,896 

					
					
						 

					
					
						03/31/2008

					
					
						 

					
					
						8 

					
					
						%  

				
	
					
						A-5

					
					
						 

					
					
						Lancaster Healthcare Center

					
						1642 West Avenue J

					
						Lancaster, CA  93534

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						6,698,648 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-6

					
					
						 

					
					
						Somerford Place – Redlands

					
						1319 Brookside Avenue

					
						Redlands, CA  92373 

					
					
						 

					
					
						2009 

					
					
						 

					
					
						$

					
					
						3,065,084 

					
					
						 

					
					
						03/31/2008

					
					
						 

					
					
						8 

					
					
						%  

				
	
					
						A-7

					
					
						 

					
					
						Somerford Place - Roseville

					
						110 Sterling Court

					
						Roseville, CA  95661

					
					
						 

					
					
						2009 

					
					
						 

					
					
						$

					
					
						2,802,082 

					
					
						 

					
					
						03/31/2008

					
					
						 

					
					
						8 

					
					
						%  

				
	
					
						A-8

					
					
						 

					
					
						Leisure Pointe

					
						1371 Parkside Drive

					
						San Bernardino, CA  92404

					
					
						 

					
					
						2007 

					
					
						 

					
					
						$

					
					
						1,936,220 

					
					
						 

					
					
						09/01/2006

					
					
						 

					
					
						8.25 

					
					
						%  

				
	
					
						A-9

					
					
						 

					
					
						Van Nuys Health Care Center

					
						6835 Hazeltine Street

					
						Van Nuys, CA  91405

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						3,626,353 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-10

					
					
						 

					
					
						Mantey Heights 
Rehabilitation & Care Center

					
						2825 Patterson Road

					
						Grand Junction, CO  81506

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						5,564,949 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-11

					
					
						 

					
					
						Cherrelyn Healthcare Center

					
						5555 South Elati Street

					
						Littleton, CO  80120

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						12,574,200 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-12

					
					
						 

					
					
						Somerford House and Somerford Place – Newark I & II

					
						501 South Harmony Road and

					
						4175 Ogletown Road

					
						Newark, DE  19713

					
					
						 

					
					
						2009 

					
					
						 

					
					
						$

					
					
						6,341,636 

					
					
						 

					
					
						03/31/2008

					
					
						 

					
					
						8 

					
					
						%  

				
	
					
						A-13

					
					
						 

					
					
						Tuscany Villa Of Naples 
(aka Buena Vida)

					
						8901 Tamiami Trail East 

					
						Naples, FL  34113

					
					
						 

					
					
						2008 

					
					
						 

					
					
						$

					
					
						2,157,675 

					
					
						 

					
					
						09/01/2006

					
					
						 

					
					
						8.25 

					
					
						%  

				
	
					
						A-14

					
					
						 

					
					
						Intentionally Deleted.

					
					
						 

					
					
						N/A

					
					
						 

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

				
	
					
						A-15

					
					
						 

					
					
						Morningside of Columbus

					
						7100 South Stadium Drive

					
						Columbus, GA  31909

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,381,462 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-16

					
					
						 

					
					
						Morningside of Dalton 

					
						2470 Dug Gap Road

					
						Dalton, GA  30720

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,196,357 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				



		
			{B1796630; 1}
		

		

		

		 


		

			 

		




 


		

			 

		




		 
		

			
					
						Exhibit

					
					
						    

					
					
						Property Address

					
					
						    

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						    

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						    

					
					
						Commencement
Date

					
					
						    

					
					
						Interest Rate

					
					
						 

				
	
					
						A-17

					
					
						 

					
					
						Morningside of Evans

					
						353 North Belair Road

					
						Evans, GA  30809

					
					
						 

					
					
						2006

					
					
						 

					
					
						$1,433,421

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9

					
					
						%  

				
	
					
						A-18

					
					
						 

					
					
						Vacant Land Adjacent to Morningside of Macon

					
						6191 Peake Road

					
						Macon, GA  31220

					
					
						 

					
					
						2006

					
					
						 

					
					
						N/A

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9

					
					
						%  

				
	
					
						A-19

					
					
						 

					
					
						Intentionally Deleted.

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

				
	
					
						A-20

					
					
						 

					
					
						Union Park Health Services

					
						2401 East 8th Street

					
						Des Moines, IA  50316

					
					
						 

					
					
						2005

					
					
						 

					
					
						$4,404,678

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10

					
					
						%  

				
	
					
						A-21

					
					
						 

					
					
						Park Place

					
						114 East Green Street

					
						Glenwood, IA  51534

					
					
						 

					
					
						2005

					
					
						 

					
					
						$8,109,512

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10

					
					
						%  

				
	
					
						A-22

					
					
						 

					
					
						Prairie Ridge Care & Rehabilitation

					
						608 Prairie Street

					
						Mediapolis, IA  52637

					
					
						 

					
					
						2005

					
					
						 

					
					
						$3,234,505

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10

					
					
						%  

				
	
					
						A-23

					
					
						 

					
					
						Ashwood Place

					
						102 Leonardwood

					
						Frankfort, KY  40601

					
					
						 

					
					
						2007

					
					
						 

					
					
						$1,769,726

					
					
						 

					
					
						09/01/2006

					
					
						 

					
					
						8.25

					
					
						%  

				
	
					
						A-24

					
					
						 

					
					
						Somerford Place - Annapolis

					
						2717 Riva Road

					
						Annapolis, MD  21401

					
					
						 

					
					
						2009

					
					
						 

					
					
						$3,917,902

					
					
						 

					
					
						03/31/2008

					
					
						 

					
					
						8

					
					
						%  

				
	
					
						A-25

					
					
						 

					
					
						Somerford Place - Columbia

					
						8220 Snowden River Parkway

					
						Columbia, MD  21045

					
					
						 

					
					
						2009

					
					
						 

					
					
						$3,221,426

					
					
						 

					
					
						03/31/2008

					
					
						 

					
					
						8

					
					
						%  

				
	
					
						A-26

					
					
						 

					
					
						Somerford Place - Frederick

					
						2100 Whittier Drive

					
						Frederick, MD  21702

					
					
						 

					
					
						2009

					
					
						 

					
					
						$5,088,592

					
					
						 

					
					
						03/31/2008

					
					
						 

					
					
						8

					
					
						%  

				
	
					
						A-27

					
					
						 

					
					
						Somerford Place - Hagerstown

					
						10114 & 10116 Sharpsburg Pike

					
						Hagerstown, MD  21740

					
					
						 

					
					
						2009

					
					
						 

					
					
						$4,066,761

					
					
						 

					
					
						03/31/2008

					
					
						 

					
					
						8

					
					
						%  

				
	
					
						A-28

					
					
						 

					
					
						The Wellstead of Rogers 

					
						20500 and 20600 

					
						South Diamond Lake Road

					
						Rogers, MN  55374

					
					
						 

					
					
						2009

					
					
						 

					
					
						$12,646,616

					
					
						 

					
					
						03/01/2008

					
					
						 

					
					
						8

					
					
						%  

				
	
					
						A-29

					
					
						 

					
					
						Intentionally Deleted.

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

				
	
					
						A-30

					
					
						 

					
					
						Hermitage Gardens of Oxford

					
						1488 Belk Boulevard

					
						Oxford, MS  38655

					
					
						 

					
					
						2007

					
					
						 

					
					
						$1,816,315

					
					
						 

					
					
						10/01/2006

					
					
						 

					
					
						8.25

					
					
						%  

				
	
					
						A-31

					
					
						 

					
					
						Hermitage Gardens of Southaven

					
						108 Clarington Drive

					
						Southaven, MS  38671

					
					
						 

					
					
						2007

					
					
						 

					
					
						$1,527,068

					
					
						 

					
					
						10/01/2006

					
					
						 

					
					
						8.25

					
					
						%  

				
	
					
						A-32

					
					
						 

					
					
						Ashland Care Center

					
						1700 Furnace Street

					
						Ashland, NE  68003

					
					
						 

					
					
						2005

					
					
						 

					
					
						$4,513,891

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10

					
					
						%  

				
	
					
						A-33

					
					
						 

					
					
						Blue Hill Care Center

					
						414 North Wilson Street

					
						Blue Hill, NE  68930

					
					
						 

					
					
						2005

					
					
						 

					
					
						$2,284,065

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10

					
					
						%  

				
	
					
						A-34

					
					
						 

					
					
						Central City Care Center

					
						2720 South 17th Avenue

					
						Central City, NE  68462

					
					
						 

					
					
						2005

					
					
						 

					
					
						$2,005,732

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10

					
					
						%  

				
	
					
						A-35

					
					
						 

					
					
						Intentionally deleted.

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

				



		
			{B1796630; 1}
		

		
			 
		

		 


		

			 

		




 


		

			 

		




			
					
						Exhibit

					
					
						    

					
					
						Property Address

					
					
						    

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						    

					
					
						 

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						    

					
					
						Commencement
Date

					
					
						    

					
					
						Interest Rate

					
					
						 

				
	
					
						A-36

					
					
						 

					
					
						Gretna Community Living Center

					
						700 South Highway 6

					
						Gretna, NE  68028

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						3,380,356 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-37

					
					
						 

					
					
						Sutherland Care Center

					
						333 Maple Street

					
						Sutherland, NE  69165

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						2,537,340 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-38

					
					
						 

					
					
						Waverly Care Center

					
						11041 North 137th Street

					
						Waverly, NE  68462

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						3,066,135 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-39

					
					
						 

					
					
						Intentionally deleted.

					
					
						 

					
					
						N/A

					
					
						 

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

				
	
					
						A-40

					
					
						 

					
					
						Ridgepointe

					
						5301 Brownsville Road

					
						Pittsburgh, PA  15236

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,944,499 

					
					
						 

					
					
						10/31/2005

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-41

					
					
						 

					
					
						Mount Vernon of South Park

					
						1400 Riggs Road

					
						South Park, PA  15129

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						2,718,057 

					
					
						 

					
					
						10/31/2005

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-42

					
					
						 

					
					
						Morningside of Gallatin

					
						1085 Hartsville Pike

					
						Gallatin, TN  37066

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,343,801 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-43

					
					
						 

					
					
						Walking Horse Meadows

					
						207 Uffelman Drive

					
						Clarksville, TN  37043

					
					
						 

					
					
						2007 

					
					
						 

					
					
						$

					
					
						1,471,410 

					
					
						 

					
					
						01/01/2007

					
					
						 

					
					
						8.25 

					
					
						%  

				
	
					
						A-44

					
					
						 

					
					
						Morningside of Belmont

					
						1710 Magnolia Boulevard

					
						Nashville, TN  37212

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						3,131,648 

					
					
						 

					
					
						06/03/2005

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-45

					
					
						 

					
					
						Dominion Village at Chesapeake

					
						2856 Forehand Drive

					
						Chesapeake, VA  23323

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						1,416,951 

					
					
						 

					
					
						05/30/2003

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-46

					
					
						 

					
					
						Dominion Village at Williamsburg

					
						4132 Longhill Road

					
						Williamsburg, VA  23188

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						1,692,753 

					
					
						 

					
					
						05/30/2003

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-47

					
					
						 

					
					
						Intentionally Omitted

					
					
						 

					
					
						N/A

					
					
						 

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

				
	
					
						A-48

					
					
						 

					
					
						Brookfield Rehabilitation and Specialty Care (aka Woodland Healthcare Center)

					
						18741 West Bluemound Road

					
						Brookfield, WI  53045

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						13,028,846 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-49

					
					
						 

					
					
						Meadowmere - 
Southport Assisted Living

					
						8350 and 8351 Sheridan Road

					
						Kenosha, WI  53143

					
					
						 

					
					
						2009 

					
					
						 

					
					
						$

					
					
						2,170,645 

					
					
						 

					
					
						01/04/2008

					
					
						 

					
					
						8 

					
					
						%  

				
	
					
						A-50

					
					
						 

					
					
						Meadowmere - 
Madison Assisted Living

					
						5601 Burke Road

					
						Madison, WI  53718

					
					
						 

					
					
						2009 

					
					
						 

					
					
						$

					
					
						2,136,654 

					
					
						 

					
					
						01/04/2008

					
					
						 

					
					
						8 

					
					
						%  

				
	
					
						A-51

					
					
						 

					
					
						Sunny Hill Health Care Center

					
						4325 Nakoma Road

					
						Madison, WI  53711

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						3,237,633 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-52

					
					
						 

					
					
						Mitchell Manor Senior Living

					
						5301 West Lincoln Avenue

					
						West Allis, WI  53219

					
					
						 

					
					
						2009 

					
					
						 

					
					
						$

					
					
						12,348,104 

					
					
						 

					
					
						01/04/2008

					
					
						 

					
					
						8 

					
					
						%  

				
	
					
						A-53

					
					
						 

					
					
						Laramie Care Center

					
						503 South 18th Street

					
						Laramie, WY  82070

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						4,473,949 

					
					
						 

					
					
						12/31/2001

					
					
						 

					
					
						10 

					
					
						%  

				



		
			{B1796630; 1}
		

		

		

		 


		

			 

		




 


		

			 

		




		
		

			
					
						Exhibit

					
					
						    

					
					
						Property Address

					
					
						    

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						    

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						    

					
					
						Commencement
Date

					
					
						    

					
					
						Interest Rate

					
					
						 

				
	
					
						A-54

					
					
						 

					
					
						Haven in Highland Creek

					
						5920 McChesney Drive

					
						Charlotte, NC  28269

					
						Laurels in Highland Creek 
6101 Clark Creek Parkway 

					
						Charlotte, NC  28269

					
					
						 

					
					
						2010 

					
					
						 

					
					
						$

					
					
						6,454,157 

					
					
						 

					
					
						11/17/2009

					
					
						 

					
					
						8.75 

					
					
						%  

				
	
					
						A-55

					
					
						 

					
					
						Haven in the Village 
at Carolina Place

					
						13150 Dorman Road 

					
						Pineville, NC  28134

					
						Laurels in the Village

					
						at Carolina Place

					
						13180 Dorman Road 

					
						Pineville, NC  28134

					
					
						 

					
					
						2010 

					
					
						 

					
					
						$

					
					
						7,052,425 

					
					
						 

					
					
						11/17/2009

					
					
						 

					
					
						8.75 

					
					
						%  

				
	
					
						A-56

					
					
						 

					
					
						Haven in the Summit

					
						3 Summit Terrace 

					
						Columbia, SC  29229

					
					
						 

					
					
						2010 

					
					
						 

					
					
						$

					
					
						2,308,737 

					
					
						 

					
					
						11/17/2009

					
					
						 

					
					
						8.75 

					
					
						%  

				
	
					
						A-57

					
					
						 

					
					
						Haven in the Village at Chanticleer 
355 Berkmans Lane 

					
						Greenville, SC  29605

					
					
						 

					
					
						2010 

					
					
						 

					
					
						$

					
					
						2,197,919 

					
					
						 

					
					
						11/17/2009

					
					
						 

					
					
						8.75 

					
					
						%  

				
	
					
						A-58

					
					
						 

					
					
						Intentionally Deleted

					
					
						 

					
					
						N/A

					
					
						 

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

					
					
						N/A

					
					
						 

				
	
					
						A-59

					
					
						 

					
					
						Haven in Stone Oak 
511 Knights Cross Drive

					
						San Antonio, TX  78258

					
						Laurels in Stone Oak 

					
						575 Knights Cross Drive San Antonio, TX  78258

					
					
						 

					
					
						2010 

					
					
						 

					
					
						$

					
					
						6,584,027 

					
					
						 

					
					
						11/17/2009

					
					
						 

					
					
						8.75 

					
					
						%  

				
	
					
						A-60

					
					
						 

					
					
						Eastside Gardens
2078 Scenic Highway North
Snellville, GA 30078

					
					
						 

					
					
						2010 

					
					
						 

					
					
						$

					
					
						1,766,628 

					
					
						 

					
					
						12/10/2009

					
					
						 

					
					
						8.75 

					
					
						%  

				
	
					
						A-61

					
					
						 

					
					
						Crimson Pointe

					
						7130 Crimson Ridge Drive

					
						Rockford, IL  61107

					
					
						 

					
					
						2012 

					
					
						 

					
					
						$

					
					
						2,568,827 

					
					
						 

					
					
						05/01/2011

					
					
						 

					
					
						8 

					
					
						%  

				
	
					
						A-62

					
					
						 

					
					
						Talbot Park

					
						6311 Granby Street

					
						Norfolk, VA 23305

					
					
						 

					
					
						2012 

					
					
						 

					
					
						$

					
					
						3,866,871 

					
					
						 

					
					
						06/20/2011

					
					
						 

					
					
						7.5 

					
					
						%  

				
	
					
						A-63

					
					
						 

					
					
						The Landing at Parkwood Village

					
						1720 Parkwood Boulevard

					
						Wilson, NC  27893

					
					
						 

					
					
						2012 

					
					
						 

					
					
						$

					
					
						4,318,990 

					
					
						 

					
					
						06/20/2011

					
					
						 

					
					
						7.5 

					
					
						%  

				
	
					
						A-64

					
					
						 

					
					
						Aspenwood 

					
						14400 Homecrest Road Silver Spring, MD 20906

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						4,470,354 

					
					
						 

					
					
						10/25/2002

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-65

					
					
						 

					
					
						HeartFields at Easton
700 Port Street

					
						Easton, MD 21601

					
					
						 

					
					
						2005 

					
					
						 

					
					
						$

					
					
						2,545,887 

					
					
						 

					
					
						10/25/2002

					
					
						 

					
					
						10 

					
					
						%  

				
	
					
						A-66

					
					
						 

					
					
						Morningside of Macon

					
						6191 Peake Road

					
						Macon, GA  31220

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,298,541 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-67

					
					
						 

					
					
						Morningside of Beaufort

					
						109 Old Salem Road

					
						Beaufort, SC  29902

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,337,453 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-68

					
					
						 

					
					
						Morningside of Camden

					
						719 Kershaw Highway

					
						Camden, SC  29020

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,595,035 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-69

					
					
						 

					
					
						Morningside of Hartsville

					
						1901 West Carolina Avenue

					
						Hartsville, SC  29550

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,507,131 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				



		
			{B1796630; 1}
		

		
			 
		

		 


		

			 

		




 


		

			 

		




			
					
						Exhibit

					
					
						    

					
					
						Property Address

					
					
						    

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						    

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						    

					
					
						Commencement
Date

					
					
						    

					
					
						Interest Rate

					
					
						 

				
	
					
						A-70

					
					
						 

					
					
						Morningside of Lexington

					
						218 Old Chapin Road

					
						Lexington, SC  29072

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,638,422 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-71

					
					
						 

					
					
						Morningside of Orangeburg

					
						2306 Riverbank Drive

					
						Orangeburg, SC  29118

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,129,764 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-72

					
					
						 

					
					
						Morningside of Seneca

					
						15855 Wells Highway

					
						Seneca, SC  29678

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,684,477 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-73

					
					
						 

					
					
						Morningside of Cullman

					
						2021 Dahlke Dr. NE

					
						Cullman, AL  32058

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,413,633 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-74

					
					
						 

					
					
						Morningside of Madison

					
						49 Hughes Road

					
						Madison, AL  35758

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,531,206 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-75

					
					
						 

					
					
						Morningside of Sheffield

					
						413 D. D. Cox Boulevard

					
						Sheffield, AL  35660

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,495,038 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-76

					
					
						 

					
					
						Morningside of Bowling Green

					
						981 Campbell Lane

					
						Bowling Green, KY  42104

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,458,781 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-77

					
					
						 

					
					
						Morningside of Paducah

					
						1700 Elmdale Road

					
						Paducah, KY  42003

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						2,012,245 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-78

					
					
						 

					
					
						Morningside of Conyers

					
						1352 Wellbrook Circle

					
						Conyers, GA  30012

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,646,910 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-79

					
					
						 

					
					
						Morningside of Gainesville

					
						2435 Limestone Parkway

					
						Gainesville, GA  30501

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,453,250 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-80

					
					
						 

					
					
						Morningside of Cleveland

					
						2900 Westside Drive, N.W.

					
						Cleveland, TN  37312

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,212,846 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-81

					
					
						 

					
					
						Morningside of Cookeville

					
						1010 East Spring Street

					
						Cookeville, TN  38501

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,513,932 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-82

					
					
						 

					
					
						Morningside of Jackson

					
						1200 North Parkway

					
						Jackson, TN  38305

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,787,155 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-83

					
					
						 

					
					
						Williamsburg Villas

					
						A Morningside Community

					
						3020 Heatherton Way

					
						Knoxville, TN  37920

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						2,728,841 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-84

					
					
						 

					
					
						Morningside of Franklin

					
						105 Sunrise Circle

					
						Franklin, TN  37067

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,582,509 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				
	
					
						A-85

					
					
						 

					
					
						Morningside of Hopkinsville

					
						4190 Lafayette Road

					
						Hopkinsville, KY  42240

					
					
						 

					
					
						2006 

					
					
						 

					
					
						$

					
					
						1,444,246 

					
					
						 

					
					
						11/19/2004

					
					
						 

					
					
						9 

					
					
						%  

				



		
			 
		

		
			{B1796630; 1}