Document:

Exhibit 10.4

 

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.)Exhibit 10.5

 

FIFTH AMENDMENT TO
 AMENDED AND RESTATED MASTER LEASE AGREEMENT
 (LEASE NO. 2)

 

THIS FIFTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 2) (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 each of the parties identified on the signature pages hereof as a tenant (jointly and severally, “Tenant”).

 

W  I  T  N  E  S  S  E  T  H:

 

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

 

WHEREAS, simultaneously herewith, SNH/LTA Properties Trust (“SNH/LTA”) has acquired certain senior living facilities known as: (i) Forum at Desert Harbor, located at 13840 North Desert Harbor Drive, Peoria, AZ 85381, as more particularly described on Exhibit A-53 attached hereto (“Desert Harbor”); (ii) Forum at Tucson, located at 2500 North Rosemont Blvd., Tucson, AZ 85712, as more particularly described on Exhibit A-54 attached hereto (“Tucson”); (iii) Park Summit at Coral Springs, located at 8500 Royal Palm Blvd., Coral Springs, FL 33065, as more particularly described on Exhibit A-55 attached hereto (“Coral Springs”); (iv) Gables at Winchester, located at 299 Cambridge Street, Winchester, MA 01890, as more particularly described on Exhibit A-56 attached hereto (“Winchester”); and (v) Forum at Memorial Woods, located at 777 North Post Oak Road, Houston, TX 77024, as more particularly described on Exhibit A-57 attached hereto (“Memorial Woods” and together with Desert Harbor, Tucson, Coral Springs and Winchester, the “Acquired Properties”); and

 

WHEREAS, SNH/LTA wishes to lease the Acquired Properties to Five Star Quality Care Trust (“FSQC Trust”) and FSQC Trust wishes to lease the Acquired Properties from SNH/LTA; and

 

WHEREAS, SNH/LTA and the other entities comprising Landlord, and FSQC Trust and the other entities comprising Tenant, wish to amend Amended Lease No. 2 to include the Acquired 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 from and after the date hereof, Amended Lease No. 2 is hereby amended as follows:

 

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

 

“Minimum Rent”  shall mean the sum of Sixty-Nine Million Eight Hundred Ninety Thousand Two Hundred Sixty and 00/100 Dollars ($69,890,260.00) per annum.

 

2.                                      Leased Property.  Section 2.1 of Amended Lease No. 2 is 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-57 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.

 

2

 

(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, 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,

 

3

 

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 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. 2 is deleted in its entirety and replaced with Schedule 1 attached hereto.

 

5.                                      Exhibit A.  Exhibit A to Amended Lease No. 2 is amended by adding Exhibits A-53 through A-57, attached hereto, immediately following Exhibit A-52 to Amended Lease No. 2.

 

6.                                      Ratification.  As amended hereby, Amended Lease No. 2 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:
    
	
 
    	
 
    
	
 
    	
SPTIHS PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SPTMNR PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SNH/LTA PROPERTIES GA LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SNH/LTA PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
O.F.C. CORPORATION
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SNH CHS PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
CCC OF KENTUCKY TRUST
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    

 

 

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

 

6

 

	
 
    	
CCC FINANCING I TRUST
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
CCC FINANCING LIMITED, L.P.
    
	
 
    	
 
    
	
 
    	
By:
    	
CCC   Retirement Trust,
    
	
 
    	
 
    	
its   General Partner
    
	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
SNH SOMERFORD PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
HRES1 PROPERTIES TRUST
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David J. Hegarty
    
	
 
    	
 
    	
David J. Hegarty
    
	
 
    	
 
    	
President
    
					

 

7

 

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

 

8

 

SCHEDULE 1

 

PROPERTY-SPECIFIC INFORMATION

 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base Gross Revenues
   (Calendar Year)
    	
 
    	
Base Gross Revenues
   (Dollar Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
   Rate
    	
 
    
	
A-1
    	
 
    	
Ashton   Gables in Riverchase 
   2184 Parkway Lake Drive

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

2634   Valleydale Road

Birmingham,   AL 35244
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
08/01/2008
    	
 
    	
8
    	
%
    
	
A-3
    	
 
    	
Forum   at Pueblo Norte

7090   East Mescal Street

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

Rehabilitation   Center

537   East Fulton Street

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

93   West Avenida de Los Arboles

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

Rehabilitation   Center

515   Fairview Avenue

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

110   West Van Buren Street

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

2050   South Main Street

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

1599   Ingalls Street

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

255   Possum Park Road

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

1912   Marsh Road

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

407   Foulk Road

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

2723   Shipley Road

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

3001   Deer Creek

Country   Club Blvd.

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

12780   Kenwood Lane

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

111   Executive Center Drive

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

 

 

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

1291   Cedar Shoals Drive

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

7410   Skidaway Road

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

20937   Kane Avenue

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

1015   West Summit Street

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

2455   Tamarack Trail

Bloomington, IN   47408
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
11/01/2008
    	
 
    	
8
    	
%
    
	
A-22
    	
 
    	
Woodhaven   Care Center

510   West 7th Street

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

690   Mason Headley Road

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

700   Mason Headley Road

Lexington,   KY 40504
    	
 
    	
2005
    	
 
    	
$
    	
8,893,947
    	
 
    	
01/11/2002
    	
 
    	
10
    	
%
    
	
A-25
    	
 
    	
Braintree   Rehabilitation Hospital

250   Pond Street

Braintree,   MA 02184
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
10/01/2006
    	
 
    	
9
    	
%
    
	
A-26
    	
 
    	
New   England Rehabilitation Hospital

2   Rehabilitation Way

Woburn,   MA 01801
    	
 
    	
N/A
    	
 
    	
N/A
    	
 
    	
10/01/2006
    	
 
    	
9
    	
%
    
	
A-27
    	
 
    	
HeartFields   at Bowie

7600   Laurel Bowie Road

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

1820   Latham Drive

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

1112   15th Street

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

800   Stoeger Drive

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

1100   West First Street

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

1350   Centennial Avenue

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

1400   Route 70

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

 

 

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

71   Darlington Road

Patterson   Township

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

145   Broadlawn Drive

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

5250   Meadowgreen Drive

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

9547   Highway 17 North

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

1304   McLees Road

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

120   Crosspoint Drive

Boerne,   TX 78006
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
02/07/2008
    	
 
    	
8
    	
%
    
	
A-44
    	
 
    	
Forum   at Park Lane

7831   Park Lane

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

96   Frederick Road

Fredericksburg,   TX 78624
    	
 
    	
2009
    	
 
    	
N/A
    	
 
    	
02/07/2008
    	
 
    	
8
    	
%
    
	
A-46
    	
 
    	
Greentree   Health &

Rehabilitation Center

70   Greentree Road

Clintonville,   WI 54929
    	
 
    	
2005
    	
 
    	
$
    	
3,038,761
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-47
    	
 
    	
Pine   Manor Health Care Center

Village   of Embarrass

1625   East Main Street

Clintonville,   WI 54929
    	
 
    	
2005
    	
 
    	
$
    	
4,337,113
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-48
    	
 
    	
ManorPointe - Oak Creek 
   Independent Senior Apartments 
   and Meadowmere - Mitchell 
   Manor - Oak Creek

700   East Stonegate Drive and

701   East Puetz Road

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

321   Riverside Drive

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

Rehabilitation Center

1451   Cleveland Avenue

Waukesha,   WI 53186
    	
 
    	
2005
    	
 
    	
$
    	
6,128,045
    	
 
    	
12/31/2001
    	
 
    	
10
    	
%
    
	
A-51
    	
 
    	
1005   Elysian Place

Chesapeake,   Virginia
    	
 
    	
2012
    	
 
    	
N/A
    	
 
    	
06/20/2011
    	
 
    	
7.5
    	
%
    
	
A-52
    	
 
    	
Palms   at St. Lucie West

501   N.W. Cashmere Boulevard

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

13840   North Desert Harbor Drive

Peoria,   AZ 85381
    	
 
    	
2005
    	
 
    	
$
    	
9,830,918
    	
 
    	
01/11/2002
    	
 
    	
10.0
    	
%
    
	
A-54
    	
 
    	
Forum   at Tucson 
   2500 North Rosemont Blvd.

Tucson,   AZ 85712
    	
 
    	
2005
    	
 
    	
$
    	
13,258,998
    	
 
    	
01/11/2002
    	
 
    	
10.0
    	
%
    

 

 

	
Exhibit
    	
 
    	
Property Address
    	
 
    	
Base Gross Revenues
   (Calendar Year)
    	
 
    	
Base Gross Revenues
   (Dollar Amount)
    	
 
    	
Commencement
   Date
    	
 
    	
Interest
   Rate
    	
 
    
	
A-55
    	
 
    	
Park   Summit at Coral Springs 
   8500 Royal Palm Blvd.

Coral   Springs, FL 33065
    	
 
    	
2005
    	
 
    	
$
    	
11,229,677
    	
 
    	
01/11/2002
    	
 
    	
10.0
    	
%
    
	
A-56
    	
 
    	
Gables   at Winchester 
   299 Cambridge Street

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

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

 

 

EXHIBIT A-53

 

Forum at Desert Harbor

13840 North Desert Harbor Drive

Peoria, AZ 85381

 

LEGAL DESCRIPTION

 

 

 

 

 

 

 

 

 

 

EXHIBIT A-54

 

Forum at Tucson
 2500 North Rosemont Blvd.

Tucson, AZ 85712

 

LEGAL DESCRIPTION

 

 

 

 

 

 

 

 

EXHIBIT A-55

 

Park Summit at Coral Springs

8500 Royal Palm Blvd.

Coral Springs, FL 33065

 

LEGAL DESCRIPTION

 

 

 

 

EXHIBIT A-56

 

Gables at Winchester

299 Cambridge Street

Winchester, MA 01890

 

LEGAL DESCRIPTION

 

 

 

 

 

 

EXHIBIT A-57

 

Forum at Memorial Woods

777 North Post Oak Road

Houston, TX 77024

 

LEGAL DESCRIPTION

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"}]]