Document:

Exhibit 10.4

 

AMENDMENT NO. 2 TO MASTER CREDIT FACILITY AGREEMENT

 

THIS AMENDMENT NO. 2 TO MASTER CREDIT FACILITY AGREEMENT (this “Amendment”) is made as of August 31, 2012 by and among (i) SNH FM FINANCING LLC, a Delaware limited liability company (“Borrower”); (ii) CITIBANK, N.A., a national banking association (“Lender”); and (iii) FANNIE MAE, a corporation duly organized and existing under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. § 1716, et  seq., and duly organized and existing under the laws of the United States (together with its successors and assigns, “Fannie Mae”).

 

RECITALS

 

A.            Borrower and Lender are parties to that certain Master Credit Facility Agreement dated as of August 4, 2009, as modified by that certain Amendment No. 1 to Master Credit Facility Agreement dated as of February 1, 2010  (as the same may be further amended, restated, modified or supplemented from time to time, the “Master Agreement”).

 

B.            Pursuant to the Master Agreement, Lender provided term loans in the aggregate principal amount of $512,934,000 to Borrower, comprised of a $205,174,000 Variable Loan, and a $307,760,000 Fixed Loan.

 

C.            Immediately after the execution of the Master Agreement, the Lender’s interests under the Master Agreement were assigned by the Lender to Fannie Mae pursuant to that certain Assignment of Master Credit Facility Agreement and Other Loan Documents dated as of August 4, 2009.

 

D.            Borrower has asked Fannie Mae and Lender to consent to the release (the “Release”) of certain Mortgaged Properties set forth on Annex A attached hereto (the “Released Mortgaged Properties”) from the Master Agreement.

 

E.            In connection with the Release, Borrower is making a payment to Lender in the amount of $199,197,750.15 with $198,434,287.52 to be applied to the Variable Loan and $763,462.63 to be applied to the Fixed Loan, so that as of the date hereof, the principal amount Outstanding on the Variable Loan is zero and the principal amount Outstanding on the Fixed Loan is $297,630,802.15.

 

F.             Borrower, Lender and Fannie Mae desire to amend the Master Agreement to account for the Release.

 

G.            Fannie Mae, Lender and Borrower intend these Recitals to be a material part of this Amendment.

 

NOW, THEREFORE, the parties hereto, in consideration of the mutual promises and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby conclusively acknowledged, hereby agree as follows:

 

 

Section 1.              Capitalized Terms.  All capitalized terms used in this Amendment which are not specifically defined herein shall have the respective meanings set forth in the Master Agreement.

 

Section 2.              Amendments.

 

A.            Fannie Mae and Lender hereby consent to the Release of the Released Mortgaged Properties so that from and after the date hereof, the Mortgaged Properties will be as set forth in Annex B attached hereto.

 

B.            Schedule I; Minimum Rent Payments.  Schedule I of the Master Agreement is hereby deleted and replaced in its entirety by Schedule I attached hereto.

 

Section 3.              Operating Lease.  Pursuant to Section 8.21 of the Master Agreement, Fannie Mae and Lender hereby consent to the Partial Termination of and Amendment No. 2 to Amended and Restated Master Lease in the form annexed hereto as Annex C.

 

Section 4.              Expansion Documents.  The following agreements are hereby terminated and of no further force or effect:

 

A.            That certain Expansion and Security Agreement dated as of October 7, 2009 by and among Borrower, SNH FM Financing Trust and Fannie Mae relating to the Released Mortgage Property known as HeartFields at Easton;

 

B.            That certain Expansion Guaranty by Senior Housing Properties Trust (“Guarantor”) for the benefit of Fannie Mae dated as of October 7, 2009 relating to the Released Mortgage Property known as HeartFields at Easton;

 

C.            That certain Expansion and Security Agreement dated as of December 15, 2010 by and between Borrower and Fannie Mae relating to the Released Mortgaged Property known as Gables at Winchester; and

 

D.            That certain Expansion Guaranty by Guarantor for the benefit of Fannie Mae dated as of December 15, 2010 relating to the Released Mortgaged Property known as Gables at Winchester.

 

Section 5.              Fees.  Borrower hereby absolutely and unconditionally agrees to pay, or cause to be paid, to Lender and Fannie Mae the amount of any fees, costs, charges or expenses, including attorneys’ fees and disbursements, incurred by Lender and Fannie Mae in connection with this Amendment.

 

Section 6.              Full Force and Effect.  Except as expressly modified hereby, the Master Agreement and all of the terms, conditions, covenants, agreements and provisions thereof remain in full force and effect and are hereby ratified and affirmed.

 

Section 7.              Counterparts.  This Amendment may be executed in counterparts by the parties hereto, and each such counterpart shall be considered an original and all such counterparts shall constitute one and the same instrument.

 

2

 

Section 8.              Representations and Warranties.  Borrower represents and warrants to Fannie Mae and Lender as follows:

 

(a)           Borrower has the requisite power and authority to execute and deliver this Amendment.

 

(b)           The execution, delivery and performance of this Amendment has been duly authorized by all necessary action and proceedings by or on behalf of Borrower, and no further approvals or filings of any kind, including any approval of or filing with any Governmental Authority, are required by or on behalf of Borrower as a condition to the valid execution, delivery and performance by Borrower of this Amendment.

 

(c)           This Amendment has been duly authorized, executed and delivered by Borrower and constitutes the legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with its terms.

 

(d)           All representations and warranties set forth in the Master Certificate of Borrower are true and correct in all material respects as of the date hereof.

 

(e)           There exists no Event of Default or Potential Event of Default under the Master Agreement or any of the Loan Documents as of the date hereof.

 

Section 9.           Governing Law.  The provisions of Section 15.06 of the Master Agreement (entitled “Choice of Law; Consent to Jurisdiction; Waiver of Jury Trial”) are hereby incorporated into this Amendment by this reference to the fullest extent as if the text of such Section were set forth in its entirety herein.

 

[The remainder of this page has been intentionally left blank.]

 

3

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.

 

	
 
    	
BORROWER:
    
	
 
    	
 
    
	
 
    	
SNH   FM FINANCING LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
Name:
    	
David   J. Hegarty
    
	
 
    	
 
    	
Title:
    	
President
    

 

[Signatures continue on following page.]

 

S-1

 

ACKNOWLEDGED AND AGREED TO BY IDOT GUARANTORS:

 

	
 
    	
SNH   FM FINANCING TRUST, a Maryland real estate investment trust
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
Name:   
    	
David   J. Hegarty
    
	
 
    	
 
    	
Title:   
    	
President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
ELLICOTT   CITY LAND I, LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
Name:   
    	
David   J. Hegarty
    
	
 
    	
 
    	
Title:   
    	
President
    

 

[Signatures continue on following page.]

 

S-2

 

ACKNOWLEDGED AND AGREED TO BY KEY PRINCIPAL GUARANTOR:

 

 

	
 
    	
SENIOR   HOUSING PROPERTIES TRUST, a Maryland real estate   investment trust
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
Name:
    	
David   J. Hegarty
    
	
 
    	
 
    	
Title:
    	
President
    

 

[Signatures continue on following page.]

 

S-3

 

	
 
    	
LENDER:
    
	
 
    	
 
    
	
 
    	
CITIBANK,   N.A., a national banking association
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Kathy Millhouse
    
	
 
    	
 
    	
Name:
    	
Kathy   Millhouse
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

[Signatures continue on following page.]

 

S-4

 

	
 
    	
FANNIE MAE
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michael W. Dick
    
	
 
    	
 
    	
Name:
    	
Michael   W. Dick
    
	
 
    	
 
    	
Title:
    	
Assistant   Vice President
    

 

S-5

 

ANNEX A

 

Released Mortgaged Properties

 

	
PROPERTY NAME
    	
 
    	
ADDRESS
    
	
Desert   Harbor
    	
 
    	
13840   North Desert Harbor Drive, Peoria, AZ 85381
    
	
Tucson
    	
 
    	
2500   North Rosemont Blvd., Tucson, AZ 85712
    
	
Remington   Club I & II
    	
 
    	
16925   and 16916 Hierba Drive, San Diego, CA 92128
    
	
Park   Summit
    	
 
    	
8500   Royal Palm Blvd., Coral Springs, FL 33065
    
	
Savannah   Square
    	
 
    	
One   Savannah Square Drive, Savannah, GA 31406
    
	
Aspenwood
    	
 
    	
14400   Homecrest Road, Silver Springs, MD 20906
    
	
Gables   at Winchester
    	
 
    	
299   Cambridge Street, Winchester, MA 01890
    
	
Memorial   Woods
    	
 
    	
777   North Post Oak Road, Houston, TX 77024
    
	
Bellgrade
    	
 
    	
2800   Polo Parkway, Midlothian, VA 23113
    
	
HeartFields   at Easton
    	
 
    	
700   Port Street, Easton, MD 21601
    

 

A-1

 

ANNEX B

 

Remaining Mortgaged Properties

 

	
PROPERTY NAME
    	
 
    	
ADDRESS
    
	
Rio   Las Palmas
    	
 
    	
877   East March Lane, Stockton, CA 95207
    
	
Foulk   Manor North
    	
 
    	
1212   Foulk Road, Wilmington, DE 19803
    
	
Coral   Oaks
    	
 
    	
900   West Lake Road, Palm Harbor, FL 34684
    
	
Forum   at the Crossing
    	
 
    	
8505   Woodfield Crossing Blvd., Indianapolis, IN 46240
    
	
Overland   Park
    	
 
    	
3501   West 95th Street, Overland Park, KS 66206
    
	
Brookside
    	
 
    	
200   Brookside Drive, Louisville, KY 40243
    
	
Ellicott   City
    	
 
    	
3004   North Ridge Road, Ellicott City, MD 21043
    
	
Severna   Park
    	
 
    	
715   Benfield Road, Severna Park, MD 21146
    
	
Montebello
    	
 
    	
10500   Academy Road, Albuquerque, NM 87111
    
	
Cary
    	
 
    	
1050   Crescent Green Drive, Cary, NC 27511
    
	
Knightsbridge
    	
 
    	
4590   and 4625 Knightsbridge Blvd., Columbus, OH 43214
    
	
Lincoln   Heights
    	
 
    	
311   West Nottingham Road, San Antonio, TX 78209
    
	
Woodlands
    	
 
    	
5055   W Panther Creek Drive, Woodlands, TX 77381
    
	
Charlottesville
    	
 
    	
491   Crestwood Drive, Charlottesville, VA 22903
    
	
Frederickburg
    	
 
    	
20   HeartFields Lane, Fredericksburg, VA 22405
    
	
Newport   News
    	
 
    	
655   Denbigh Boulevard, Newport News, VA 23608
    
	
Northshore
    	
 
    	
10803   North Port Washington Road, Mequon, WI 53092
    

 

B-1

 

ANNEX C

 

Amendment No. 2 to Amended and Restated Master Lease

 

C-1

 

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

 

THIS PARTIAL TERMINATION OF AND AMENDMENT NO. 2 TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (this “Amendment”) is made as of August 31, 2012 by and among SNH FM FINANCING LLC, a Delaware limited liability company, SNH FM FINANCING TRUST, a Maryland real estate investment trust, and ELLICOTT CITY LAND I, LLC, a Delaware limited liability company, collectively as landlord (“Landlord”), and FVE FM FINANCING, INC., a Maryland corporation, as tenant (“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, dated as of August 4, 2009, as amended by that certain Amendment No. 1 to Amended and Restated Master Lease Agreement (as so amended, the “Lease”), 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 the Lease), all as more particularly described in the Lease; and

 

WHEREAS, as of the date hereof, Landlord is conveying to its affiliate certain of the Leased Property known as and located at (i) Forum at Desert Harbor, 13840 North Desert Harbor Drive, Peoria, Arizona, more particularly described on Exhibit A-1 to the Lease; (ii) Forum at Tucson, 2500 North Rosemont Blvd., Tucson, Arizona, more particularly described on Exhibit A-2 to the Lease; (iii) The Remington Club I and II, 16925 and 16916 Hierba Drive, San Diego, California, more particularly described on Exhibit A-3 to the Lease; (iv) Park Summit at Coral Springs, 8500 Royal Palm Blvd., Coral Springs, Florida, more particularly described on Exhibit A-6 to the Lease; (v) Savannah Square, One Savannah Square Drive, Savannah, Georgia, more particularly described on Exhibit A-8 to the Lease; (vi) Gables at Winchester, 299 Cambridge Street, Winchester, Massachusetts, more particularly described on Exhibit A-12 to the Lease; (vii) HeartFields at Easton, 700 Port Street, Easton, Maryland, more particularly described on Exhibit A-13 to the Lease; (viii) Aspenwood, 14400 Homecrest Road, Silver Spring, Maryland, more particularly described on Exhibit A-16 to the Lease; (ix) Forum at Memorial Woods, 777 North Post Oak Road, Houston, Texas, more particularly described on Exhibit A-20 to the Lease; and (x) Morningside of Bellgrade, 2800 Polo Parkway, Midlothian, Virginia, more particularly described on Exhibit A-25 to the Lease (collectively, the “Terminated Properties”); and

 

WHEREAS, in connection with the conveyance of the Terminated Properties, Landlord and Tenant wish to amend the Lease to terminate the Lease with respect to the Terminated Properties;

 

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, the Lease is hereby amended as follows:

 

1.                                      Partial Termination of Lease.  The Lease is terminated with respect to the Terminated Properties and neither Landlord nor Tenant shall have any further rights or liabilities

 

 

thereunder with respect to the Terminated Properties from and after the date hereof, except for those rights and liabilities which by their terms survive the termination of the Lease.

 

2.                                      Definition of Minimum Rent.  The defined term “Minimum Rent” set forth in Section 1.67 of the Lease is deleted in its entirety and replaced with the following:

 

“Minimum Rent”  shall mean the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

 

3.                                      Schedule 1.  Schedule 1 to the Lease is deleted in its entirety and replaced with Schedule 1 attached hereto.

 

4.                                      Exhibit A.  Exhibit A to the Lease is amended by deleting the text of Exhibits A-1, A-2, A-3, A-6, A-8, A-12, A-13, A-16, A-20 and A-25 attached thereto in their entirety and replacing them with “Intentionally Deleted.”

 

5.                                      Ratification.  As amended hereby, the Lease is ratified and confirmed.

 

[Remainder of page intentionally left blank;

signature pages follow]

 

2

 

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

 

	
 
    	
LANDLORD:
    
	
 
    	
 
    
	
 
    	
SNH   FM FINANCING LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SNH   FM FINANCING TRUST
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
ELLICOTT   CITY LAND I, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    

 

3

 

	
 
    	
TENANT:
    
	
 
    	
 
    
	
 
    	
FVE   FM FINANCING, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bruce J. Mackey Jr.
    
	
 
    	
 
    	
Bruce J. Mackey Jr.
    
	
 
    	
 
    	
President
    

 

4

 

SCHEDULE 1

 

PROPERTY-SPECIFIC INFORMATION

 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base
   Gross
   Revenues
   (Calendar
   Year)
    	
 
    	
Base Gross
   Revenues
   (Dollar
   Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
   Rate
    	
 
    
	
A-1
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-2
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-3
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-4
    	
 
    	
Rio   Las Palmas
   877 East March Lane
   Stockton, CA 95207
    	
 
    	
2005
    	
 
    	
$
    	
4,204,464
    	
 
    	
09/30/2003
    	
 
    	
10%
    	
 
    
	
A-5
    	
 
    	
Foulk   Manor North
   1212 Foulk Road
   Wilmington, DE 19803
    	
 
    	
2005
    	
 
    	
$
    	
7,666,221
    	
 
    	
01/11/2002
    	
 
    	
10%
    	
 
    
	
A-6
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-7
    	
 
    	
Coral   Oaks
   900 West Lake Road
   Palm Harbor, FL 34684
    	
 
    	
2005
    	
 
    	
$
    	
9,051,220
    	
 
    	
01/11/2002
    	
 
    	
10%
    	
 
    
	
A-8
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-9
    	
 
    	
Forum   at the Crossing
   8505 Woodfield Crossing 
   Blvd.
   Indianapolis, IN 46240
    	
 
    	
2005
    	
 
    	
$
    	
11,973,559
    	
 
    	
01/11/2002
    	
 
    	
10%
    	
 
    
	
A-10
    	
 
    	
Forum   at Overland Park
   3501 West 95th Street
   Overland Park, KS 66206
    	
 
    	
2005
    	
 
    	
$
    	
9,674,467
    	
 
    	
01/11/2002
    	
 
    	
10%
    	
 
    
	
A-11
    	
 
    	
Forum   at Brookside
   200 Brookside Drive
   Louisville, KY 40243
    	
 
    	
2005
    	
 
    	
$
    	
12,831,113
    	
 
    	
01/11/2002
    	
 
    	
10%
    	
 
    
	
A-12
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-13
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-14
    	
 
    	
Heartlands   at Ellicott City
   3004 North Ridge Road
   Ellicott City, MD 21043
    	
 
    	
2005
    	
 
    	
$
    	
7,872,811
    	
 
    	
03/01/2004
    	
 
    	
10%
    	
 
    
	
A-15
    	
 
    	
Heartlands   at Severna Park
   715 Benfield Road
   Severna Park, MD 21146
    	
 
    	
2005
    	
 
    	
$
    	
3,521,926
    	
 
    	
10/25/2002
    	
 
    	
10%
    	
 
    
	
A-16
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    

 

 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base
   Gross
   Revenues
   (Calendar
   Year)
    	
 
    	
Base Gross
   Revenues
   (Dollar
   Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
   Rate
    	
 
    
	
A-17
    	
 
    	
HeartFields   at Cary
   1050 Crescent Green Drive
   Cary, NC 27511
    	
 
    	
2005
    	
 
    	
$
    	
3,092,311
    	
 
    	
10/25/2002
    	
 
    	
10%
    	
 
    
	
A-18
    	
 
    	
Montebello
   10500 Academy Road
   Albuquerque, NM 87111
    	
 
    	
2005
    	
 
    	
$
    	
10,739,724
    	
 
    	
01/11/2002
    	
 
    	
10%
    	
 
    
	
A-19
    	
 
    	
Forum   at Knightsbridge
   4590 and 4625 
   Knightsbridge Blvd.
   Columbus, OH 43214
    	
 
    	
2005
    	
 
    	
$
    	
15,290,522
    	
 
    	
01/07/2002
    	
 
    	
10%
    	
 
    
	
A-20
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-21
    	
 
    	
Forum   at Lincoln Heights
   311 West Nottingham Road
   San Antonio, TX 78209
    	
 
    	
2005
    	
 
    	
$
    	
12,559,927
    	
 
    	
01/11/2002
    	
 
    	
10%
    	
 
    
	
A-22
    	
 
    	
Forum   at Woodlands
   5055 W Panther Creek Drive
   The Woodlands, TX 77381
    	
 
    	
2005
    	
 
    	
$
    	
13,072,902
    	
 
    	
01/11/2002
    	
 
    	
10%
    	
 
    
	
A-23
    	
 
    	
Morningside   of Charlottesville
   491 Crestwood Drive
   Charlottesville, VA 22903
    	
 
    	
2006
    	
 
    	
$
    	
3,016,125
    	
 
    	
11/19/2004
    	
 
    	
9%
    	
 
    
	
A-24
    	
 
    	
HeartFields   at Fredericksburg
   20 HeartFields Lane
   Fredericksburg, VA 22405
    	
 
    	
2005
    	
 
    	
$
    	
3,654,848
    	
 
    	
10/25/2002
    	
 
    	
10%
    	
 
    
	
A-25
    	
 
    	
Intentionally   Deleted
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    
	
A-26
    	
 
    	
Morningside   of Newport News
   655 Denbigh Boulevard
   Newport News, VA 23608
    	
 
    	
2006
    	
 
    	
$
    	
3,226,806
    	
 
    	
11/19/2004
    	
 
    	
9%
    	
 
    
	
A-27
    	
 
    	
Meadowmere   - Northshore Assisted Living
   10803 North Port Washington Road
   Mequon, WI 53092
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
01/04/2008
    	
 
    	
8%
    	
 
    

 

 

SCHEDULE I

 

Minimum Rent Payments

 

	
Facility Name
    	
 
    	
Address
    	
 
    	
Annual Rent
    	
 
    
	
Rio Las Palmas
    	
 
    	
877   East March Lane,

Stockton,   CA 95207
    	
 
    	
$
    	
1,661,696.51
    	
 
    
	
Foulk Manor North
    	
 
    	
1212   Foulk Road,

Wilmington,   DE 19803
    	
 
    	
$
    	
937,623.64
    	
 
    
	
Coral Oaks
    	
 
    	
900   West Lake Road,

Palm   Harbor, FL 34684
    	
 
    	
$
    	
2,792,032.53
    	
 
    
	
Forum at the Crossing
    	
 
    	
8505   Woodfield Crossing Blvd.,

Indianapolis, IN   46240
    	
 
    	
$
    	
2,168,373.36
    	
 
    
	
Overland Park
    	
 
    	
3501   West 95th Street,

Overland   Park, KS 66206
    	
 
    	
$
    	
2,056,810.61
    	
 
    
	
Brookside
    	
 
    	
200   Brookside Drive,

Louisville,   KY 40243
    	
 
    	
$
    	
2,951,968.50
    	
 
    
	
Ellicott City
    	
 
    	
3004   North Ridge Road,

Ellicott   City, MD 21043
    	
 
    	
$
    	
3,004,253.10
    	
 
    
	
Severna Park
    	
 
    	
715   Benfield Road,

 Severna Park, MD 21146
    	
 
    	
$
    	
1,137,224.52
    	
 
    
	
Montebello
    	
 
    	
10500   Academy Road,

Albuquerque,   NM 87111
    	
 
    	
$
    	
3,099,167.99
    	
 
    
	
Cary
    	
 
    	
1050   Crescent Green Drive,

Cary,   NC 27511
    	
 
    	
$
    	
660,584.81
    	
 
    
	
Knightsbridge
    	
 
    	
4590   and 4625 Knightsbridge Blvd., 

Columbus,   OH 43214
    	
 
    	
$
    	
3,672,918.36
    	
 
    
	
Lincoln Heights 
    	
 
    	
311   West Nottingham Road,

San   Antonio, TX 78209
    	
 
    	
$
    	
3,416,946.99
    	
 
    
	
Woodlands
    	
 
    	
5055   W Panther Creek Drive, 

Woodlands,   TX 77381
    	
 
    	
$
    	
2,920,729.79
    	
 
    
	
Charlottesville
    	
 
    	
491   Crestwood Drive,

Charlottesville,   VA 22903
    	
 
    	
$
    	
809,579.17
    	
 
    
	
Frederickburg
    	
 
    	
20   HeartFields Lane,

Fredericksburg,   VA 22405
    	
 
    	
$
    	
920,480.87
    	
 
    
	
Newport News
    	
 
    	
655   Denbigh Boulevard,

Newport   News, VA 23608
    	
 
    	
$
    	
705,186.70
    	
 
    
	
Northshore
    	
 
    	
10803   North Port Washington Road, 

Mequon,   WI 53092
    	
 
    	
$
    	
764,139.09
    	
 
    
	
TOTAL:
    	
 
    	
 
    	
 
    	
$
    	
33,679,716.55
    	
 
    

 

Schedule I-1Exhibit 10.5

 

EIGHTH AMENDMENT TO
 AMENDED AND RESTATED MASTER LEASE AGREEMENT
 (LEASE NO. 1)

 

THIS EIGHTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 1) (this “Amendment”) is made and entered into as of August 31, 2012 by and among each of the parties identified on the signature pages hereof as a landlord (collectively, “Landlord”) and FIVE STAR QUALITY CARE TRUST, a Maryland business trust (“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 and that certain Seventh Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of June 20, 2011 (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/LTA Properties Trust (“SNH/LTA”) has acquired the real property and related improvements comprising: (i) the senior living facility known as Aspenwood and located at 14400 Homecrest Road, Silver Spring, MD 20906, as more particularly described on Exhibit A-64 attached hereto (the “Aspenwood Property”); and (ii) the senior living facility known as HeartFields at Easton and located at 700 Port Street, Easton, MD 21601, as more particularly described on Exhibit A-65 attached hereto (the “Easton Property”); and

 

WHEREAS, SNH/LTA wishes to lease the Aspenwood Property and the Easton Property to Tenant and Tenant wishes to lease the Aspenwood Property and the Easton Property from SNH/LTA; and

 

WHEREAS, SNH/LTA and the other entities comprising Landlord, and Tenant, wish to amend Amended Lease No. 1 to include the Aspenwood Property and the Easton 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.                                      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-Eight Million, Five Hundred Forty-Seven Thousand, Two Hundred Twenty-One and 50/100 Dollars ($58,547,221.50) per annum.

 

2.                                      Leased Property.  Section 2.1 of Amended Lease No. 1 is hereby amended by deleting subsection (a) therefrom in its entirety and replacing it with the following:

 

(a)  those certain tracts, pieces and parcels of land as more particularly described on Exhibits A-1 through A-65 attached hereto and made a part hereof (the “Land”);

 

3.                                      Arbitration.  Article 22 of Amended Lease No. 1 is deleted in its entirety and replaced with the following:

 

ARTICLE 22

 

ARBITRATION

 

(a)                                 Any disputes, claims or controversies between or among the parties hereto (i) arising out of or relating to this Agreement, or (ii) brought by or on behalf of any shareholder of the parties hereto (which, for purposes of this Article 22, shall mean any shareholder of record or any beneficial owner of shares of the parties hereto, or any former shareholder of record or beneficial owner of shares of the parties hereto), either on his, her or its own behalf, on behalf of the parties hereto or on behalf of any series or class of shares of the parties hereto or shareholders of the parties hereto against the parties hereto or any trustee, director, officer, manager (including Reit Management & Research LLC or its successor), agent or employee of the parties hereto, including disputes, claims or controversies relating to the meaning, interpretation, effect, validity, performance or enforcement of this Agreement, including this arbitration agreement, the declaration of trust, limited liability company agreement, partnership agreement or analogous governing instruments, as applicable, of the parties hereto, or the bylaws of the parties hereto (all of which are referred to as “Disputes”), or relating in any way to such a Dispute or Disputes, shall on the demand of any party to such Dispute be resolved through binding and final arbitration in accordance with the Commercial Arbitration Rules (the “Rules”) of the American Arbitration Association (“AAA”) then in effect, except as those Rules may be modified in this Article 22.  For the avoidance of doubt, and not as a limitation, Disputes are intended to include derivative actions against trustees, directors, officers or managers of the parties hereto and class actions by a shareholder against those individuals or entities and the parties hereto.  For the avoidance of doubt, a Dispute shall include a Dispute made derivatively on behalf of one party against another party.

 

(b)                                 There shall be three arbitrators.  If there are only two parties to the Dispute (with, for purposes of this Article 22, any and all parties involved in the Dispute and owned by the same ultimate parent entity treated as one party), each party shall select one arbitrator within 15 days after receipt by respondent of a copy of the demand for arbitration.  Such arbitrators may be affiliated or interested persons of such parties.  If either party fails to timely select an arbitrator,

 

2

 

the other party to the Dispute shall select the second arbitrator who shall be neutral and impartial and shall not be affiliated with or an interested person of either party. If there are more than two parties to the Dispute, all claimants, on the one hand, and all respondents, on the other hand, shall each select, by the vote of a majority of the claimants or the respondents, as the case may be, one arbitrator. Such arbitrators may be affiliated or interested persons of the claimants or the respondents, as the case may be.  If either all claimants or all respondents fail to timely select an arbitrator then such arbitrator (who shall be neutral, impartial and unaffiliated with any party) shall be appointed by the AAA.  The two arbitrators so appointed shall jointly appoint the third and presiding arbitrator (who shall be neutral, impartial and unaffiliated with any party) within 15 days of the appointment of the second arbitrator.  If the third arbitrator has not been appointed within the time limit specified herein, then the AAA shall provide a list of proposed arbitrators in accordance with the Rules, and the arbitrator shall be appointed by the AAA in accordance with a listing, striking and ranking procedure, with each party having a limited number of strikes, excluding strikes for cause.

 

(c)                                  The place of arbitration shall be Boston, Massachusetts unless otherwise agreed by the parties.

 

(d)                                 There shall be only limited documentary discovery of documents directly related to the issues in dispute, as may be ordered by the arbitrators.

 

(e)                                  In rendering an award or decision (the “Award”), the arbitrators shall be required to follow the laws of the Commonwealth of Massachusetts.  Any arbitration proceedings or Award rendered hereunder and the validity, effect and interpretation of this arbitration agreement shall be governed by the Federal Arbitration Act, 9 U.S.C. §1 et seq.  The Award shall be in writing and may, but shall not be required to, briefly state the findings of fact and conclusions of law on which it is based.

 

(f)                                   Except to the extent expressly provided by Article 22 or as otherwise agreed by the parties, each party involved in a Dispute shall bear its own costs and expenses (including attorneys’ fees), and the arbitrators shall not render an award that would include shifting of any such costs or expenses (including attorneys’ fees) or, in a derivative case or class action, award any portion of Assignor’s or Assignee’s award to the claimant or the claimant’s attorneys.  Except to the extent otherwise agreed by the parties, each party (or, if there are more than two parties to the Dispute, all claimants, on the one hand, and all respondents, on the other hand, respectively) shall bear the costs and expenses of its (or their) selected arbitrator and the parties (or, if there are more than two parties to the Dispute, all claimants, on the one hand, and all respondents, on the other hand) shall equally bear the costs and expenses of the third appointed arbitrator.

 

(g)                                  An Award shall be final and binding upon the parties thereto and shall be the sole and exclusive remedy between such parties relating to the Dispute, including any claims, counterclaims, issues or accounting presented to the arbitrators.  Judgment upon the Award may be entered in any court having jurisdiction.  To the fullest extent permitted by law, no application or appeal to any court of competent jurisdiction may be made in connection with any question of law arising in the course of arbitration or with respect to any award made except for actions relating to enforcement of this agreement to arbitrate or any arbitral award issued hereunder and

 

3

 

except for actions seeking interim or other provisional relief in aid of arbitration proceedings in any court of competent jurisdiction.

 

(h)                                 Any monetary award shall be made and payable in U.S. dollars free of any tax, deduction or offset.  Each party against which the Award assesses a monetary obligation shall pay that obligation on or before the 30th day following the date of the Award or such other date as the Award may provide.

 

(i)                                     This Article 22 is intended to benefit and be enforceable by the shareholders, trustees, directors, officers, managers (including Reit Management & Research LLC or its successor), agents or employees of any party and the parties and shall be binding on the shareholders of any party and the parties, as applicable, and shall be in addition to, and not in substitution for, any other rights to indemnification or contribution that such individuals or entities may have by contract or otherwise.

 

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

 

5.                                      Exhibit A.  Exhibit A to Amended Lease No. 1 is amended by adding Exhibit A-64 and Exhibit A-65 attached hereto immediately following Exhibit A-63 to Amended Lease No. 1.

 

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

 

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

 

4

 

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
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
 
    	
SPTMNR   PROPERTIES TRUST
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
 
    	
SNH/LTA   PROPERTIES TRUST
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
 
    	
SPTIHS   PROPERTIES TRUST
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    	
 
    
	
 
    	
SNH   CHS 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
    

 

 

	
 
    	
TENANT:
    
	
 
    	
 
    	
 
    
	
 
    	
FIVE   STAR QUALITY CARE 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
    	
 
    	
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
    	
 
    	
N/A
    	
 
    	
03/31/2008
    	
 
    	
8%
    	
 
    
	
A-4
    	
 
    	
Somerford   Place - Fresno

6075   North Marks Avenue

Fresno,   CA 93711
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
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
    	
 
    	
N/A
    	
 
    	
03/31/2008
    	
 
    	
8%
    	
 
    
	
A-7
    	
 
    	
Somerford   Place - Roseville

110   Sterling Court

Roseville,   CA 95661
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
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
    	
 
    	
N/A
    	
 
    	
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%
    	
 
    
	
A-17
    	
 
    	
Morningside   of Evans

353   North Belair Road

Evans,   GA 30809
    	
 
    	
2006
    	
 
    	
$
    	
1,433,421
    	
 
    	
11/19/2004
    	
 
    	
9%
    	
 
    

 

 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base Gross Revenues
   (Calendar Year)
    	
 
    	
Base Gross Revenues
   (Dollar Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
   Rate
    	
 
    
	
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
    	
 
    	
N/A
    	
 
    	
03/31/2008
    	
 
    	
8%
    	
 
    
	
A-25
    	
 
    	
Somerford   Place - Columbia

8220   Snowden River Parkway

Columbia,   MD 21045
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
03/31/2008
    	
 
    	
8%
    	
 
    
	
A-26
    	
 
    	
Somerford   Place - Frederick

2100   Whittier Drive

Frederick,   MD 21702
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
03/31/2008
    	
 
    	
8%
    	
 
    
	
A-27
    	
 
    	
Somerford   Place - Hagerstown

10114   & 10116 Sharpsburg Pike

Hagerstown,   MD 21740
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
03/31/2008
    	
 
    	
8%
    	
 
    
	
A-28
    	
 
    	
The   Wellstead of Rogers

20500   and 20600

South Diamond Lake Road

Rogers,   MN 55374
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
03/01/2008
    	
 
    	
8%
    	
 
    
	
A-29
    	
 
    	
Arbor   View Healthcare &

Rehabilitation   (aka Beverly Manor)

1317   North 36th St

St.   Joseph, MO 64506
    	
 
    	
2005
    	
 
    	
$
    	
4,339,882
    	
 
    	
12/31/2001
    	
 
    	
10%
    	
 
    
	
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
    	
 
    
	
A-36
    	
 
    	
Gretna   Community Living Center

700   South Highway 6

Gretna,   NE 68028
    	
 
    	
2005
    	
 
    	
$
    	
3,380,356
    	
 
    	
12/31/2001
    	
 
    	
10%
    	
 
    

 

 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base Gross Revenues
   (Calendar Year)
    	
 
    	
Base Gross Revenues
   (Dollar Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
   Rate
    	
 
    
	
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
    	
 
    	
Heartfields   at Richmond

500   North Allen Avenue

Richmond,   VA 23220
    	
 
    	
2005
    	
 
    	
$
    	
1,917,765
    	
 
    	
10/25/2002
    	
 
    	
10%
    	
 
    
	
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
    	
 
    	
N/A
    	
 
    	
01/04/2008
    	
 
    	
8%
    	
 
    
	
A-50
    	
 
    	
Meadowmere -
   Madison Assisted Living

5601 Burke Road

Madison, WI 53718
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
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
    	
 
    	
N/A
    	
 
    	
01/04/2008
    	
 
    	
8%
    	
 
    
	
A-53
    	
 
    	
Laramie   Care Center

503   South 18th Street

Laramie,   WY 82070
    	
 
    	
2005
    	
 
    	
$
    	
4,473,949
    	
 
    	
12/31/2001
    	
 
    	
10%
    	
 
    

 

 

	
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
    	
 
    	
N/A
    	
 
    	
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
    	
 
    	
N/A
    	
 
    	
11/17/2009
    	
 
    	
8.75%
    	
 
    
	
A-56
    	
 
    	
Haven   in the Summit

3   Summit Terrace

Columbia,   SC 29229
    	
 
    	
2010
    	
 
    	
N/A
    	
 
    	
11/17/2009
    	
 
    	
8.75%
    	
 
    
	
A-57
    	
 
    	
Haven   in the Village at Chanticleer

355   Berkmans Lane

Greenville,   SC 29605
    	
 
    	
2010
    	
 
    	
N/A
    	
 
    	
11/17/2009
    	
 
    	
8.75%
    	
 
    
	
A-58
    	
 
    	
Haven   in the Texas Hill Country

747   Alpine Drive

Kerrville,   TX 78028
    	
 
    	
2010
    	
 
    	
N/A
    	
 
    	
11/17/2009
    	
 
    	
8.75%
    	
 
    
	
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
    	
 
    	
N/A
    	
 
    	
11/17/2009
    	
 
    	
8.75%
    	
 
    
	
A-60
    	
 
    	
Eastside Gardens

2078 Scenic Highway North

Snellville, GA 30078
    	
 
    	
2010
    	
 
    	
N/A
    	
 
    	
12/10/2009
    	
 
    	
8.75%
    	
 
    
	
A-61
    	
 
    	
Crimson Pointe

7130 Crimson Ridge Drive

Rockford, IL 61107
    	
 
    	
2012
    	
 
    	
N/A
    	
 
    	
05/01/2011
    	
 
    	
8%
    	
 
    
	
A-62
    	
 
    	
Talbot Park

6311 Granby Street

Norfolk, VA 23305
    	
 
    	
2012
    	
 
    	
N/A
    	
 
    	
06/20/2011
    	
 
    	
7.5%
    	
 
    
	
A-63
    	
 
    	
The Landing at Parkwood Village

1720 Parkwood Boulevard

Wilson, NC 27893
    	
 
    	
2012
    	
 
    	
N/A
    	
 
    	
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%
    	
 
    

 

 

Exhibit A-64

 

Aspenwood

14400 Homecrest Road
 Silver Spring, MD 20906

 

(See attached copy.)

 

 

 

 

Exhibit A-65

 

HeartFields at Easton

700 Port Street

Easton, MD 21601

 

(See attached copy.)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]