Document:

<PAGE>

                                                                 EXHIBIT 10.62.4

                                                                      Mirage Inn

                   CONSENT TO TRANSFER AND RELEASE AGREEMENT

      THIS CONSENT TO TRANSFER AND RELEASE AGREEMENT ("AGREEMENT") is made
effective as of September 30, 2005 by and among FORTRESS INVESTMENT TRUST II, a
Delaware business trust ("TRANSFEROR"), ALTERRA HEALTHCARE CORPORATION, a
Delaware corporation ("TRANSFEREE"), BROOKDALE SENIOR LIVING INC., a Delaware
corporation ("NEW KEY PRINCIPAL"), FIT REN MIRAGE INN LP, a Delaware limited
partnership ("BORROWER") and FANNIE MAE.

                                    RECITALS:

      A. Fannie Mae is the holder of that certain Multifamily Note (the "NOTE"),
dated as of June 21, 2005, in the original principal amount of $15,000,000.00
made by Borrower to GMAC Commercial Mortgage Bank, a Utah industrial bank
("ORIGINAL LENDER"), which Note evidences a loan (the "LOAN") made by Original
Lender to Borrower. To secure the repayment of the Note, Borrower also executed
and delivered a Multifamily Deed of Trust, Assignment of Rents, Security
Agreement and Fixture Filing, dated as of June 21, 2005, recorded in the
official records of Riverside County, State of California on June 30, 2005, as
Instrument No. 2005-0526472, which grants a lien on the property described in
Exhibit A to this Agreement (the "PROPERTY"). Borrower is liable for the payment
and performance of all of Borrower's obligations under the Note, the Security
Instrument and all other documents executed in connection with the Loan, as
listed on Exhibit B to this Agreement (collectively, the "LOAN DOCUMENTS"). Each
of the Loan Documents has been duly assigned or endorsed to Fannie Mae. The
current servicer of the Loan is GMAC Commercial Mortgage Corporation, a
California corporation ("SERVICER").

      B. Transferor is liable under the Exceptions to Non-Recourse Guaranty
dated as of June 21, 2005 (the "GUARANTY").

      C. Fannie Mae has been asked to consent to the transfer of Transferor's
indirect ownership interest in Borrower to Transferee (the "TRANSFER") and the
assumption by New Key Principal of the obligations of Transferor under the
Guaranty.

      D. Fannie Mae has agreed to consent to the Transfer subject to the terms
and conditions stated below.

      In consideration of the foregoing and the mutual covenants and promises
set forth in this Agreement and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Transferor,
Transferee, Borrower, New Key Principal and Fannie Mae agree as follows:

CONSENT TO TRANSFER AND RELEASE AGREEMENT-              FORM 4522 12/97 (Page 1)
FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

1.    ASSUMPTION BY NEW KEY PRINCIPAL OF LIABILITY FOR THE EXCEPTIONS TO
      NON-RECOURSE. New Key Principal hereby assumes all liability under the
      provisions of the Guaranty and shall be considered the "Key Principal" for
      all purposes under the Loan Documents.

2.    CONSENT TO TRANSFER. Fannie Mae hereby consents to the Transfer and to the
      assumption by New Key Principal of all of the obligations of Transferor
      under the Guaranty, subject to the terms and conditions set forth in this
      Agreement. Fannie Mae's consent to the Transfer is not intended to be and
      shall not be construed as a consent to any subsequent transfer which
      requires the Lender's consent pursuant to the terms of the Security
      Instrument.

3.    RELEASE OF TRANSFEROR. Fannie Mae hereby releases Transferor from all of
      its obligations under the Guaranty and the Loan Documents and Transferor
      shall have no further liability thereunder; provided, however, that
      Transferor is not released from any liability pursuant to this Agreement.

4.    COSTS. Transferee and Transferor agree to pay all fees and costs
      (including attorneys' fees) incurred by Fannie Mae and Servicer in
      connection with Fannie Mae's consent to and approval of the Transfer and a
      transfer fee of $0.00 in consideration of the consent to the Transfer.

6.    FINANCIAL INFORMATION. Transferor represents and warrants to Fannie Mae
      that all financial information and information regarding the management
      capability of Transferor provided to Servicer or Fannie Mae was true and
      correct as of the date provided to Servicer or Fannie Mae and remains
      materially true and correct as of the date of this Agreement.

7.    ADDRESSES. Transferee's address for notice hereunder and under the Loan
      Documents is:

      Alterra Healthcare Corporation
      6737 W. Washington Street, Suite 2300
      Milwaukee, Wisconsin  53214

      Transferor's address for notice hereunder and under the Loan Documents is:

      1251 Avenue of the Americas
      16th Floor
      New York, New York  10020

      New Key Principal's address for notice hereunder and under the Loan
      Documents is:

      330 North Wabash
      Suite 1400

CONSENT TO TRANSFER AND RELEASE AGREEMENT-              FORM 4522 12/97 (Page 2)
FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

      Chicago, Illinois 60611

8.    COMPLETE RELEASE. Transferee, Transferor, New Key Principal and Borrower
      jointly and severally as between Transferor, Transferee, New Key Principal
      and Borrower, unconditionally and irrevocably release and forever
      discharge Original Lender, Fannie Mae, Servicer and their respective
      successors, assigns, agents, directors, officers, employees, and
      attorneys, and each current or substitute trustee under the Security
      Instrument (collectively, the "Indemnitees") from all Claims, as defined
      below, and jointly and severally agree to indemnify Indemnitees, and hold
      them harmless from any and all claims, losses, causes of action, costs and
      expenses of every kind or character in connection with the Claims and the
      Transfer. Notwithstanding the foregoing, Transferor shall not be
      responsible for any claims arising from the action or inaction of
      Transferee or New Key Principal, and Transferee and New Key Principal
      shall not be responsible for any claims arising from the action or
      inaction of Transferor. As used in this Agreement, the term "CLAIMS" shall
      mean any and all possible claims, demands, actions, costs, expenses and
      liabilities whatsoever, known or unknown, at law or in equity, originating
      in whole or in part, on or before the date of this Agreement, which
      Borrower or Transferor or any of their respective partners, members,
      officers, agents or employees may now or hereafter have against the
      Indemnitees, if any, and irrespective of whether any such Claims arise out
      of contract, tort, violation of laws, or regulations, or otherwise in
      connection with any of the Loan Documents, including, without limitation,
      any contracting for, charging, taking, reserving, collecting or receiving
      interest in excess of the highest lawful rate applicable thereto and any
      loss, cost or damage, of any kind or character, arising out of or in any
      way connected with or in any way resulting from the acts, actions or
      omissions of Indemnitees, including any requirement that the Loan
      Documents be modified as a condition to the transactions contemplated by
      this Agreement, any charging, collecting or contracting for prepayment
      premiums, transfer fees, or assumption fees, any breach of fiduciary duty,
      breach of any duty of fair dealing, breach of confidence, breach of
      funding commitment, undue influence, duress, economic coercion, violation
      of any federal or state securities or Blue Sky laws or regulations,
      conflict of interest, NEGLIGENCE, bad faith, malpractice, violations of
      the Racketeer Influenced and Corrupt Organizations Act, intentional or
      negligent infliction of mental distress, tortious interference with
      contractual relations, tortious interference with corporate governance or
      prospective business advantage, breach of contract, deceptive trade
      practices, libel, slander, conspiracy or any claim for wrongfully
      accelerating the Note or wrongfully attempting to foreclose on any
      collateral relating to the Note, but in each case only to the extent
      permitted by applicable law. Transferor, Transferee, New Key Principal and
      Borrower agree that Fannie Mae, Original Lender and Servicer have no
      fiduciary or similar obligations to Transferor, Transferee or New Key
      Principal and that the relationship between Borrower and Fannie Mae is
      strictly that of creditor and debtor. This release is accepted by Fannie
      Mae and Original Lender pursuant to this Agreement and shall not be
      construed as an admission of liability on the part of either. Transferor,
      Transferee, New Key Principal and Borrower hereby represent and warrant
      that they are

CONSENT TO TRANSFER AND RELEASE AGREEMENT-              FORM 4522 12/97 (Page 3)
FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                             (C) 1997 Fannie Mae
<PAGE>

      the current legal and beneficial owners of all Claims, if any, released
      hereby and have not assigned, pledged or contracted to assign or pledge
      any such Claim to any other person.

9.    MISCELLANEOUS.

            (a) This Agreement shall be construed according to and governed by
            the laws of the jurisdictions in which the Property is located
            without regard to its conflicts of law principles.

            (b) If any provision of this Agreement is adjudicated to be invalid,
            illegal or unenforceable, in whole or in part, it will be deemed
            omitted to that extent and all other provisions of this Agreement
            will remain in full force and effect.

            (c) No change or modification of this Agreement shall be valid
            unless the same is in writing and signed by all parties hereto.

            (d) The captions contained in this Agreement are for convenience of
            reference only and in no event define, describe or limit the scope
            or intent of this Agreement or any of the provisions or terms
            hereof.

            (e) This Agreement shall be binding upon and inure to the benefit of
            the parties and their respective heirs, legal representatives,
            successors and assigns.

            (f) This Agreement may be executed in any number of counterparts
            with the same effect as if all parties hereto had signed the same
            document. All such counterparts shall be construed together and
            shall constitute one instrument, but in making proof hereof it shall
            only be necessary to produce one such counterpart.

            (g) THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS AMENDED,
            REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
            CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT
            ORAL AGREEMENTS. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
            PARTIES.

CONSENT TO TRANSFER AND RELEASE AGREEMENT-              FORM 4522 12/97 (Page 4)
FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                        BORROWER:

                                        FIT REN MIRAGE INN LP, a Delaware
                                        limited partnership

                                        By: FIT REN Holdings GP, a Delaware
                                            corporation, its general partner

                                            /s/ Jeffrey R. Rosenthal
                                        By:_________________________________
                                        Name:  Jeffrey R. Rosenthal
                                        Title: CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT-              FORM 4522 12/97 (Page 5)
FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                        TRANSFEROR:

                                        FORTRESS INVESTMENT TRUST II, a
                                        Delaware business trust

                                            /s/ Jeffrey R. Rosenthal
                                        By:_____________________________________
                                        Name:  Jeffrey R. Rosenthal
                                        Title: CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT-              FORM 4522 12/97 (Page 7)
FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                        TRANSFEREE:

                                        ALTERRA HEALTHCARE CORPORATION,
                                        a Delaware corporation

                                            /s/ Kristin A. Ferge
                                        By:_____________________________________
                                        Name:  Kristin A. Ferge
                                        Title: CFO & VP

CONSENT TO TRANSFER AND RELEASE AGREEMENT-              FORM 4522 12/97 (Page 9)
FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                        NEW KEY PRINCIPAL:

                                        BROOKDALE SENIOR LIVING INC., a
                                        Delaware corporation

                                            /s/ R. Stanley Young
                                        By:_____________________________________
                                        Name:  R. Stanley Young
                                        Title: Executive Vice President
                                               and CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT              FORM 4522 12/97 (Page 11)
FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                    FANNIE MAE

                                    By: GMAC Commercial Mortgage Corporation,a
                                        California corporation, its
                                        attorney-in-fact

                                            /s/ Max W. Foore
                                        By:_________________________________
                                           Max W. Foore
                                           Vice President

CONSENT TO TRANSFER AND RELEASE AGREEMENT-             FORM 4522 12/97 (Page 13)
FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                    EXHIBIT A
                                       TO
                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

PARCEL 1:

THE WEST HALF OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF THE SOUTHEAST
QUARTER OF SECTION 6, TOWNSHIP 5 SOUTH, RANGE 6 EAST, SAN BERNARDINO MERIDIAN,
IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, ACCORDING TO THE OFFICIAL PLAT
THEREOF.

EXCEPT THE SOUTHERLY 44-00 FEET THEREOF DESCRIBED IN THE DEED TO THE COUNTY OF
RIVERSIDE, RECORDED APRIL 14, 1958 AS INSTRUMENT NO. 26930 IN BOOK 2254 PAGE 585
OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA;

ALSO EXCEPT ALL OIL, GAS AND OTHER MINERAL DEPOSITS PURSUANT TO THE PROVISIONS
OF AN ACT OF CONGRESS ON JUNE 1, 1938 AND ALL URANIUM, THORIUM, OR ANY OTHER
MATERIAL WHICH IS OR MAY BE DETERMINED TO BE PECULIARLY ESSENTIAL TO THE
PRODUCTION OF FISSIONABLE MATERIALS, WHETHER OR NOT OF COMMERCIAL VALUE,
TOGETHER WITH THE RIGHT OF THE UNITED STATES THROUGH ITS AUTHORIZED AGENTS OR
REPRESENTATIVES AT ANY TIME TO ENTER UPON THE LAND AND PROSPECT FOR, MINE AND
REMOVE SAME, PURSUANT TO THE PROVISIONS OF THE ACT OF AUGUST 1, 1946 (60 STAT.
755) IN CONGRESS, AS RESERVED IN PATENT FROM THE UNITED STATES OF AMERICA
RECORDED MARCH 6, 1952 IN BOOK 1347, PAGE 525 OF OFFICIAL RECORDS OF RIVERSIDE
COUNTY, CALIFORNIA.

MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHEAST CORNER OF THE SOUTHWEST QUARTER OF THE SOUTHEAST
QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 6 (REFERRED TO HEREAFTER AS
QUARTER, QUARTER, QUARTER SECTION), SAID SOUTHEAST CORNER ALSO BEING THE
INTERSECTION OF THE CENTERLINE OF COUNTRY CLUB DRIVE (88.00 FEET WIDE) WITH THE
CENTERLINE OF VISTA DUNES ROAD (60.00 FEET WIDE); THENCE SOUTH
89(degrees)59'28" WEST ALONG THE SOUTHERLY LINE OF SAID QUARTER, QUARTER,
QUARTER SECTION, BEING ALSO SAID CENTERLINE OF COUNTRY CLUB DRIVE, 332.41 FEET
TO THE INTERSECTION WITH THE COMMON LINE BETWEEN THE EAST HALF AND THE WEST HALF
OF SAID QUARTER, QUARTER, QUARTER SECTION;

THENCE NORTH 01(degrees)19'31" EAST ALONG SAID COMMON LINE 44.01 FEET TO A LINE
PARALLEL WITH AND 44.00 FEET NORTHERLY OF, MEASURED AT RIGHT ANGLES TO, SAID
CENTERLINE OF COUNTRY CLUB DRIVE, BEING THE TRUE POINT OF BEGINNING FOR THIS
DESCRIPTION;

THENCE SOUTH 89(degrees)59'28" WEST ALONG SAID PARALLEL LINE 332.39 FEET TO THE
WESTERLY LINE OF SAID QUARTER, QUARTER, QUARTER SECTION;

THENCE NORTH 01(degrees)20'19" EAST ALONG SAID WESTERLY LINE 620.36 FEET TO THE
NORTHWEST CORNER OF SAID QUARTER, QUARTER, QUARTER SECTION;

CONSENT TO TRANSFER AND RELEASE AGREEMENT-        FORM 4522 12/97    (Page A-1)
 FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                            (C) 1997 Fannie Mae

<PAGE>

THENCE NORTH 89(degrees)59'58" EAST ALONG SAID NORTHERLY LINE 332.35 FEET TO AN
INTERSECTION WITH THE HEREINBEFORE DESCRIBED COMMON LINE;

THENCE SOUTH 01(degrees)19'31" WEST ALONG SAID COMMON LINE 62O.31 FEET TO THE
TRUE POINT OF BEGINNING OF THIS DESCRIPTION.

PARCEL 2:

THE EAST HALF OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF THE SOUTHEAST
QUARTER OF SECTION 6, TOWNSHIP 5 SOUTH, RANGE 6 EAST, SAN BERNARDINO MERIDIAN,
IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, ACCORDING TO THE OFFICIAL PLAT
THEREOF.

EXCEPT THE SOUTHERLY 44.00 FEET DESCRIBED IN THE DEED TO THE COUNTY OF RIVERSIDE
RECORDED APRIL 28, 1958, AS INSTRUMENT NO. 30641 IN BOOK 2262 PAGE 325 OF
OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA;

ALSO EXCEPT THE EASTERLY RECTANGULAR 30.00 FEET AS CONVEYED TO THE COUNTY OF
RIVERSIDE BY DEED RECORDED DECEMBER 19,1960 AS INSTRUMENT NO. 106828, OFFICIAL
RECORDS.

ALSO EXCEPT ALL COAL, OIL GAS AND OTHER MINERAL DEPOSITS IN THE LAND SO
PATENTED, TOGETHER WITH THE RIGHT TO PROSPECT FOR, MINE AND REMOVE THE SAME
ACCORDING TO THE PROVISIONS OF SAID ACT OF JUNE 1, 1938 AS RESERVED BY THE
UNITED STATES OF AMERICA IN PATENT RECORDED AUGUST 24, 1956 IN BOOK 1962 PAGE
500, OFFICIAL RECORDS.

MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHEAST CORNER OF THE SOUTHWEST QUARTER OF THE SOUTHEAST
QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 6 (REFERRED TO HEREAFTER AS
QUARTER, QUARTER, QUARTER SECTION), SAID SOUTHEAST CORNER ALSO BEING THE
INTERSECTION OF THE CENTERLINE OF COUNTRY CLUB DRIVE (88.00 FEET WIDE) WITH THE
CENTERLINE OF VISTA DUNES ROAD (60.00 FEET WIDE);

THENCE SOUTH 89(degrees)59'28" WEST ALONG THE SOUTHERLY LINE OF SAID QUARTER,
QUARTER, QUARTER SECTION, BEING ALSO SAID CENTERLINE OF COUNTRY CLUB DRIVE, 332.
41 FEET TO THE INTERSECTION WITH THE COMMON LINE BETWEEN THE EAST HALF AND THE
WEST HALF OF QUARTER, QUARTER, QUARTER SECTION;

THENCE NORTH 01 (degrees)19'31" EAST ALONG SAID COMMON LINE 44.01 FEET TO A LINE
PARALLEL WITH AND 44.00 FEET NORTHERLY OF, MEASURED AT RIGHT ANGLES TO SAID
CENTERLINE OF COUNTRY CLUB DRIVE, BEING THE TRUE POINT OF BEGINNING FOR THIS
DESCRIPTION;

THENCE NORTH 89(degrees) 59'28" EAST ALONG SAID PARALLEL LINE 302.39 FEET TO A
LINE PARALLEL WITH AND 30.00 FEET WESTERLY OF, MEASURED AT RIGHT ANGLES TO, SAID
CENTERLINE OF VISTA DUNES ROAD, SAID CENTERLINE ALSO BEING THE EASTERLY LINE OF
SAID QUARTER, QUARTER, QUARTER SECTION;

THENCE NORTH 01(degrees)13'43' EAST ALONG SAID PARALLEL LINE 620.26 FEET TO THE
NORTHERLY LINE OF SAID QUARTER, QUARTER, QUARTER SECTION;

CONSENT TO TRANSFER AND RELEASE AGREEMENT-        FORM 4522 12/97    (Page A-2)
 FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                            (C) 1997 Fannie Mae

<PAGE>

THENCE SOUTH 39(degrees)59'58" WEST ALONG SAID NORTHERLY LINE 302.24 TO A
INTERSECTION WITH THE HEREINBEFORE DESCRIBED COMMON LINE;

THENCE SOUTH 01(degrees)19'31" WEST ALONG SAID COMMON LINE 620.37 FEET TO THE
TRUE POINT OF BEGINNING OF THIS DESCRIPTION.

Assessor's Parcel No: 618-480-029-6

CONSENT TO TRANSFER AND RELEASE AGREEMENT-        FORM 4522 12/97    (Page A-3)
 FANNIE MAE MULTISTATE FORM (MIRAGE INN)
                                                            (C) 1997 Fannie Mae
<PAGE>

                                    EXHIBIT B
                                       TO
                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

1.    Multifamily Note dated as of June 21, 2005 by Borrower for the benefit of
      Original Lender;

2.    Multifamily Deed of Trust Assignment of Rents, Security Agreement and
      Fixture Filing, dated as of June 21, 2005 by Transfer or for the benefit
      of Original Lender;

3.    Replacement Reserve and Security Agreement dated as of June 21, 2005, by
      and between Borrower and Original Lender;

4.    Completion/Repair and Security Agreement dated as of June 21, 2005 by and
      between Borrower and Original Lender;

5.    Subordination, Assignment and Security Agreement dated as of June 21,
      2005, by and among Borrower, Original Lender and BLC Mirage Inn, L.P.;

6.    Exceptions to Non-Recourse Guaranty dated as of June 21, 2005, by
      Transferor;

7.    Certificate of Borrower dated as of June 21, 2005, by Borrower; and

8.    Agreement to Amend or Comply dated as of June 21, 2005, by Borrower.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522   12/97   (Page B-1)
  FANNIE MAE MULTISTATE FORM
                                                             (C) 1997 Fannie Mae<PAGE>

                                                                 EXHIBIT 10.63.4

                                                                     Pacific Inn

                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

      THIS CONSENT TO TRANSFER AND RELEASE AGREEMENT ("AGREEMENT") is made
effective as of September 30, 2005 by and among FORTRESS INVESTMENT TRUST II, a
Delaware business trust ("TRANSFEROR"), ALTERRA HEALTHCARE CORPORATION, a
Delaware corporation ("TRANSFEREE"), BROOKDALE SENIOR LIVING INC., a Delaware
corporation ("NEW KEY PRINCIPAL"), FIT REN PACIFIC INN LP, a Delaware limited
partnership ("BORROWER") and FANNIE MAE.

                                    RECITALS:

      A. Fannie Mae is the holder of that certain Multifamily Note (the "NOTE"),
dated as of June 21, 2005, in the original principal amount of $25,775,000.00
made by Borrower to GMAC Commercial Mortgage Bank, a Utah industrial bank
("ORIGINAL LENDER"), which Note evidences a loan (the "LOAN") made by Original
Lender to Borrower. To secure the repayment of the Note, Borrower also executed
and delivered a Multifamily Deed of Trust, Assignment of Rents, Security
Agreement and Fixture Filing, dated as of June 21, 2005, recorded in the
official records of Los Angeles County, State of California on July 1, 2005, as
Instrument No. 05 1557290, which grants a lien on the property described in
Exhibit A to this Agreement (the "PROPERTY"). Borrower is liable for the payment
and performance of all of Borrower's obligations under the Note, the Security
Instrument and all other documents executed in connection with the Loan, as
listed on Exhibit B to this Agreement (collectively, the "LOAN DOCUMENTS"). Each
of the Loan Documents has been duly assigned or endorsed to Fannie Mae. The
current servicer of the Loan is GMAC Commercial Mortgage Corporation, a
California corporation ("SERVICER").

      B. Transferor is liable under the Exceptions to Non-Recourse Guaranty
dated as of June 21, 2005 (the "GUARANTY").

      C. Fannie Mae has been asked to consent to the transfer of Transferor's
indirect ownership interest in Borrower to Transferee (the "TRANSFER") and the
assumption by New Key Principal of the obligations of Transferor under the
Guaranty.

      D. Fannie Mae has agreed to consent to the Transfer subject to the terms
and conditions stated below.

      In consideration of the foregoing and the mutual covenants and promises
set forth in this Agreement and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Transferor,
Transferee, Borrower, New Key Principal and Fannie Mae agree as follows:

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522     12/97    (Page 1)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

1.    ASSUMPTION BY NEW KEY PRINCIPAL OF LIABILITY FOR THE EXCEPTIONS TO
      NON-RECOURSE. New Key Principal hereby assumes all liability under the
      provisions of the Guaranty and shall be considered the "Key Principal" for
      all purposes under the Loan Documents.

2.    CONSENT TO TRANSFER. Fannie Mae hereby consents to the Transfer and to the
      assumption by New Key Principal of all of the obligations of Transferor
      under the Guaranty, subject to the terms and conditions set forth in this
      Agreement. Fannie Mae's consent to the Transfer is not intended to be and
      shall not be construed as a consent to any subsequent transfer which
      requires the Lender's consent pursuant to the terms of the Security
      Instrument.

3.    RELEASE OF TRANSFEROR. Fannie Mae hereby releases Transferor from all of
      its obligations under the Guaranty and the Loan Documents and Transferor
      shall have no further liability thereunder; provided, however, that
      Transferor is not released from any liability pursuant to this Agreement.

4.    COSTS. Transferee and Transferor agree to pay all fees and costs
      (including attorneys' fees) incurred by Fannie Mae and Servicer in
      connection with Fannie Mae's consent to and approval of the Transfer and a
      transfer fee of $0.00 in consideration of the consent to the Transfer.

6.    FINANCIAL INFORMATION. Transferor represents and warrants to Fannie Mae
      that all financial information and information regarding the management
      capability of Transferor provided to Servicer or Fannie Mae was true and
      correct as of the date provided to Servicer or Fannie Mae and remains
      materially true and correct as of the date of this Agreement.

7.    ADDRESSES. Transferee's address for notice hereunder and under the Loan
      Documents is:

      Alterra Healthcare Corporation
      6737 W. Washington Street, Suite 2300
      Milwaukee, Wisconsin  53214

      Transferor's address for notice hereunder and under the Loan Documents is:

      1251 Avenue of the Americas
      16th Floor
      New York, New York  10020

      New Key Principal's address for notice hereunder and under the Loan
      Documents is:

      330 North Wabash
      Suite 1400
      Chicago, Illinois  60611

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522     12/97    (Page 2)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

8.    COMPLETE RELEASE. Transferee, Transferor, New Key Principal and Borrower
      jointly and severally as between Transferor, Transferee, New Key Principal
      and Borrower, unconditionally and irrevocably release and forever
      discharge Original Lender, Fannie Mae, Servicer and their respective
      successors, assigns, agents, directors, officers, employees, and
      attorneys, and each current or substitute trustee under the Security
      Instrument (collectively, the "INDEMNITEES") from all Claims, as defined
      below, and jointly and severally agree to indemnify Indemnitees, and hold
      them harmless from any and all claims, losses, causes of action, costs and
      expenses of every kind or character in connection with the Claims and the
      Transfer. Notwithstanding the foregoing, Transferor shall not be
      responsible for any claims arising from the action or inaction of
      Transferee or New Key Principal, and Transferee and New Key Principal
      shall not be responsible for any claims arising from the action or
      inaction of Transferor. As used in this Agreement, the term "CLAIMS" shall
      mean any and all possible claims, demands, actions, costs, expenses and
      liabilities whatsoever, known or unknown, at law or in equity, originating
      in whole or in part, on or before the date of this Agreement, which
      Borrower or Transferor or any of their respective partners, members,
      officers, agents or employees may now or hereafter have against the
      Indemnitees, if any, and irrespective of whether any such Claims arise out
      of contract, tort, violation of laws, or regulations, or otherwise in
      connection with any of the Loan Documents, including, without limitation,
      any contracting for, charging, taking, reserving, collecting or receiving
      interest in excess of the highest lawful rate applicable thereto and any
      loss, cost or damage, of any kind or character, arising out of or in any
      way connected with or in any way resulting from the acts, actions or
      omissions of Indemnitees, including any requirement that the Loan
      Documents be modified as a condition to the transactions contemplated by
      this Agreement, any charging, collecting or contracting for prepayment
      premiums, transfer fees, or assumption fees, any breach of fiduciary duty,
      breach of any duty of fair dealing, breach of confidence, breach of
      funding commitment, undue influence, duress, economic coercion, violation
      of any federal or state securities or Blue Sky laws or regulations,
      conflict of interest, NEGLIGENCE, bad faith, malpractice, violations of
      the Racketeer Influenced and Corrupt Organizations Act, intentional or
      negligent infliction of mental distress, tortious interference with
      contractual relations, tortious interference with corporate governance or
      prospective business advantage, breach of contract, deceptive trade
      practices, libel, slander, conspiracy or any claim for wrongfully
      accelerating the Note or wrongfully attempting to foreclose on any
      collateral relating to the Note, but in each case only to the extent
      permitted by applicable law. Transferor, Transferee, New Key Principal and
      Borrower agree that Fannie Mae, Original Lender and Servicer have no
      fiduciary or similar obligations to Transferor, Transferee or New Key
      Principal and that the relationship between Borrower and Fannie Mae is
      strictly that of creditor and debtor. This release is accepted by Fannie
      Mae and Original Lender pursuant to this Agreement and shall not be
      construed as an admission of liability on the part of either. Transferor,
      Transferee, New Key Principal and Borrower hereby represent and warrant
      that they are the current legal and beneficial owners of all Claims, if
      any, released hereby and have not assigned, pledged or contracted to
      assign or pledge any such Claim to any other person.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522     12/97    (Page 3)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

9.    MISCELLANEOUS.

            (a) This Agreement shall be construed according to and governed by
            the laws of the jurisdictions in which the Property is located
            without regard to its conflicts of law principles.

            (b) If any provision of this Agreement is adjudicated to be invalid,
            illegal or unenforceable, in whole or in part, it will be deemed
            omitted to that extent and all other provisions of this Agreement
            will remain in full force and effect.

            (c) No change or modification of this Agreement shall be valid
            unless the same is in writing and signed by all parties hereto.

            (d) The captions contained in this Agreement are for convenience of
            reference only and in no event define, describe or limit the scope
            or intent of this Agreement or any of the provisions or terms
            hereof.

            (e) This Agreement shall be binding upon and inure to the benefit of
            the parties and their respective heirs, legal representatives,
            successors and assigns.

            (f) This Agreement may be executed in any number of counterparts
            with the same effect as if all parties hereto had signed the same
            document. All such counterparts shall be construed together and
            shall constitute one instrument, but in making proof hereof it shall
            only be necessary to produce one such counterpart.

            (g) THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS AMENDED,
            REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
            CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT
            ORAL AGREEMENTS. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
            PARTIES.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522     12/97    (Page 4)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                BORROWER:

                                FIT REN PACIFIC INN LP, a Delaware limited
                                partnership

                                By: FIT REN Holdings GP, a Delaware corporation,
                                    its general partner

                                    By: /s/ Jeffrey R. Rosenthal
                                        _________________________________
                                    Name: Jeffrey R. Rosenthal
                                    Title: CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522     12/97    (Page 5)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                                TRANSFEROR:

                                                FORTRESS INVESTMENT TRUST II, a
                                                Delaware business trust

                                                By: /s/ Jeffrey R. Rosenthal
                                                    ____________________________
                                                Name: Jeffrey R. Rosenthal
                                                Title: CFO, VP, Treasurer

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522     12/97    (Page 7)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                         TRANSFEREE:

                                         ALTERRA HEALTHCARE CORPORATION, a
                                         Delaware corporation

                                         By: /s/ Kristin A. Ferge
                                            ___________________________________
                                         Name: Kristin A. Ferge
                                         Title: CFO & VP

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522     12/97    (Page 9)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                                NEW KEY PRINCIPAL:

                                                BROOKDALE SENIOR LIVING INC., a
                                                Delaware corporation

                                                By: /s/ R. Stanley Young
                                                   _____________________________
                                                Name: R. Stanley Young
                                                Title: Executive Vice President
                                                       and CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522     12/97   (Page 11)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                               FANNIE MAE

                               By: GMAC Commercial Mortgage Corporation, a
                                   California corporation, its attorney-in-fact

                                   By: /s/ Max W. Foore
                                       _________________________________
                                       Max W. Foore
                                       Vice President

CONSENT TO TRANSFER AND RELEASE AGREEMENT -      FORM 4522     12/97   (Page 13)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                    EXHIBIT A
                                       TO
                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

PARCEL A:

PARCEL 2 OF PARCEL MAP NO. 16677, IN THE CITY OF TORRANCE, COUNTY OF LOS
ANGELES, STATES OF CALIFORNIA, AS PER MAP FILED IN BOOK 179 PAGES 56 AND 57 OF
PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.

EXCEPTING THEREFROM, ALL MINERALS OIL, GAS, PETROLEUM, OTHER HYDROCARBON
SUBSTANCES IN AND UNDER OR WHICH MAY BE PRODUCED FROM SAID LAND, TOGETHER WITH
RIGHT TO USE THAT PORTION ONLY OF SAID LAND WHICH UNDERLIES A PLANE PARALLEL TO
AND 500 FEET BELOW THE SURFACE OF SAID LAND, FOR THE PURPOSES OF PROSPECTING FOR
THE DEVELOPMENT AND/OR EXTRACTION SAID OIL, GAS, PETROLEUM AND OTHER MINERALS OR
HYDROCARBON SUBSTANCES FORM SAID LAND BY MEANS OF WELLS DRILLED INTO SAID
SUBSURFACE OF SAID LAND FROM DRILL SITES LOCATED ON OTHER LAND, IT BEING
EXPRESSLY UNDERSTOOD AND AGREED THAT THE GRANTOR, ITS SUCCESSORS AND ASSIGNS
SHALL HAVE NO RIGHT TO ENTER UPON SURFACE OF SAID LAND OR TO USE SAID LAND OR
ANY PORTION THEREOF TO SAID DEPTH OF 500 FEET FOR ANY PURPOSE WHATSOEVER, AS
RESERVED BY SOUTHERN INVESTMENT COMPANY, A CORPORATION, IN DEED RECORDED OCTOBER
30, 1970 AS INSTRUMENT NO. 461.

ALSO EXCEPT THEREFROM, ALL MINERALS OIL, GAS, PETROLEUM, OTHER HYDROCARBON
SUBSTANCES IN AND UNDER SAID LAND TOGETHER WITH RIGHT TO USE THAT PORTION ONLY
OF SAID LAND WHICH UNDERLIES A PLANE PARALLEL WITH AND 100 FEET BELOW THE
PRESENT SURFACE OF SAID LAND, FOR THE PURPOSES OF PROSPECTING FOR, DEVELOPMENT
AND/OR EXTRACTION SAID OIL, GAS, PETROLEUM AND OTHER MINERAL OR HYDROCARBON
SUBSTANCES FORM SAID LAND BY MEANS OF WELLS DRILLED INTO SAID SUBSURFACE OF SAID
LAND FROM DRILL SITES LOCATED ON OTHER LAND, IT BEING EXPRESSLY UNDERSTOOD THAT
DOMINGUEZ ESTATE COMPANY, A CORPORATION, ITS SUCCESSORS AND ASSIGNS SHALL HAVE
NO RIGHT TO ENTER UPON SURFACE OF SAID LAND FOR THE PURPOSE OF PROSPECTING FOR
DEVELOPING AND/OR EXTRACTING SAID OIL, GAS, PETROLEUM AND/OR MINERAL OR
HYDROCARBON SUBSTANCES FROM SAID LAND, OR FOR ANY PURPOSES WHATSOEVER, AS
RESERVED IN THE DEED FROM DOMINGUEZ ESTATE COMPANY, A CORPORATION, TO SOUTHERN
CALIFORNIA EDISON COMPANY, A CORPORATION, RECORDED AUGUST 5, 1950, IN BOOK
33898, PAGE 111, OFFICIAL RECORDS.

ALSO EXCEPT THEREFROM, ALL MINERALS OIL GAS, PETROLEUM, OTHER HYDROCARBON
SUBSTANCES IN AND UNDER OR WHICH MAY BE PRODUCED FROM SAID LAND, TOGETHER WITH
RIGHT TO USE THAT PORTION ONLY OF SAID LAND WHICH UNDERLIES A PLANE PARALLEL TO
AND 500 FEET BELOW THE SURFACE OF SAID LAND, FOR THE PURPOSES OF PROSPECTING
FOR, THE DEVELOPMENT AND/OR EXTRACTION SAID WATER, OIL, GAS, PETROLEUM AND OTHER
MINERAL OR HYDROCARBON SUBSTANCES FORM SAID LAND BY MEANS OF WELLS DRILLED INTO
SAID SUBSURFACE OF SAID LAND FROM DRILL SITES LOCATED ON OTHER LAND, WITHOUT,
HOWEVER, THE RIGHT TO ENTER UPON THE SURFACE OF SAID LAND OR ANY PORTION THEREOF
TO SAID DEPTH OF 500 FEET FOR ANY PURPOSE WHATSOEVER, AS RESERVED BY DOMINGUEZ
ESTATE COMPANY, A CORPORATION, IN DEED RECORDED APRIL 8, 1957 IN BOOK 54148,
PAGE 325, OFFICIAL RECORDS.

CONSENT TO TRANSFER AND RELEASE AGREEMENT-       FORM 4522      12/97 (Page A-1)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>

PARCEL B:

AN EASEMENT FOR INSTALLING AND MAINTAINING A STORM DRAIN, SEWER LINE AND CABLE
TELEVISION SERVICE, IN, OVER AND ACROSS THOSE PORTIONS OF PARCEL 1 OF PARCEL MAP
NO 16677, AS PER MAP RECORDED IN BOOK 179 PAGES 56 AND 57 OF PARCEL MAPS, IN THE
OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, SHOWN AND DEFINED ON EXHIBIT "B"
OF A GRANT OF EASEMENT RECORDED AUGUST 22, 1985 AS INSTRUMENT NO. 85-969732 AND
RECORDED APRIL 4, 1986 AS INSTRUMENT NO. 86-417689, BOTH OF OFFICIAL RECORDS.

PARCEL C:

AN EASEMENT FOR UNOBSTRUCTED VIEW, AS CREATED BY THAT CERTAIN LICENSE AND
EASEMENT AGREEMENT, RECORDED MAY 16, 1991 AS INSTRUMENT NO 91-715471, OVER AND
ACROSS THAT PORTION OF LOT 91 OF TRACT NO 46300, IN THE CITY OF TORRANCE, COUNTY
OF LOS ANGELES, STATES OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 1173 PAGES 68
THROUGH 73 INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, AS AMENDED BY CERTIFICATE OF CORRECTION RECORDED SEPTEMBER 10, 1991 AS
INSTRUMENT NO 91-1419424 OFFICIAL RECORDS AND AMENDED BY CERTIFICATE RECORDED
JANUARY 27, 1992 AS INSTRUMENT NO 92-136150 OFFICIAL RECORDS, DESCRIBED AS
FOLLOWS:

BEGINNING AT THE SOUTHEASTERLY CORNER OF SAID LOT 91, THENCE ALONG THE EASTERLY
LINE OF SAID LOT 91, NORTH 0(degrees) 05' 13" EAST 3.27 FEET, THENCE NORTH
67(degrees) 24' 00" WEST 58.03 FEET TO A POINT ON THE CURVED SOUTHWESTERLY LINE
OF SAID LOT 91, SAID CURVE BEING CONCAVE NORTHEASTERLY AND HAVING A RADIUS OF
948.00 FEET, A RADIAL LINE OF SAID CURVE TO SAID POINT BEARS SOUTH 27(degrees)
18' 36" WEST, THENCE SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF
3(degrees) 35' 17" AN ARC DISTANCE OF 59.37 FEET TO THE POINT OF BEGINNING.

Assessor's Parcel No: 7518-010-005

CONSENT TO TRANSFER AND RELEASE AGREEMENT-       FORM 4522      12/97 (Page A-2)
  FANNIE MAE MULTISTATE FORM (PACIFIC INN)
                                                             (C) 1997 Fannie Mae

<PAGE>
                                    EXHIBIT B
                                       TO
                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

1.    Multifamily Note dated as of June 21, 2005 by Borrower for the benefit of
      Original Lender;

2.    Multifamily Deed of Trust Assignment of Rents, Security Agreement and
      Fixture Filing, dated as of June 21, 2005 by Transfer or for the benefit
      of Original Lender;

3.    Replacement Reserve and Security Agreement dated as of June 21, 2005, by
      and between Borrower and Original Lender;

4.    Completion/Repair and Security Agreement dated as of June 21, 2005 by and
      between Borrower and Original Lender;

5.    Subordination, Assignment and Security Agreement dated as of June 21,
      2005, by and among Borrower, Original Lender and BLC Pacific Inn, L.P.;

6.    Exceptions to Non-Recourse Guaranty dated as of June 21, 2005, by
      Transferor;

7.    Certificate of Borrower dated as of June 21, 2005, by Borrower; and

8.    Agreement to Amend or Comply dated as of June 21, 2005, by Borrower.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -        FORM 4522    12/97 (Page B-1)
  FANNIE MAE MULTISTATE FORM
                                                             (C) 1997 Fannie Mae

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