Document:

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                                  EXHIBIT 10.71

                               First Amendment to

                           Purchase and Sale Agreement

                             dated December 31, 2003

<PAGE>

                                 FIRST AMENDMENT

                                       TO

                           PURCHASE AND SALE AGREEMENT

                                 by and between

                      Niles Lifestyle Limited Partnership,

                                   as Seller,

                                       and

                  CNL Retirement Corp., a Florida corporation,

                                  as Purchaser

                                December 31, 2003

<PAGE>

                                 FIRST AMENDMENT

                                       TO

                           PURCHASE AND SALE AGREEMENT

         THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (this "Amendment")
is made effective as of December 31, 2003, by and between Niles Lifestyle
Limited Partnership, an Illinois limited partnership (the "Seller"), and CNL
Retirement Corp., a Florida corporation ("Purchaser").

                              W I T N E S S E T H:

         WHEREAS, Seller and Purchaser entered into a Purchase and Sale
Agreement dated as of December 19, 2003 (the "Original Agreement") with respect
to the purchase and sale of a senior living facility located on the land more
particularly described on Schedule A to the Original Agreement.

         WHEREAS, Seller and Purchaser wish to amend the Original Agreement as
set forth in this Amendment.

         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, Seller and Purchaser hereby
agree as follows:

SECTION 1. DEFINITIONS.

         Capitalized terms used in this Amendment and not defined elsewhere
herein shall have the meanings set forth on the Original Agreement.

SECTION 2. FEASIBILITY AND ADDITIONAL TERMINATION RIGHTS.

         2.1      Completion of Diligence Inspections. Subject to the express
provisions of the remainder of this Section 2 of this Amendment, the execution
and delivery of this Amendment by Purchaser shall constitute Purchaser's
election not to deliver the Termination Notice. Subject to the express
provisions of the remainder of this Section 2, the Due Diligence Period is
hereby terminated and Purchaser hereby waives its right to deliver the
Termination Notice under the provisions of Section 2.2 of the Original
Agreement, except as provided pursuant to the express provisions of the
remainder of this Section 2 below.

         2.2      Impact of Anticipated Real Property Tax Reassessments.
Purchaser shall have the right to terminate the Agreement by giving written
notice (the "Tax Termination Notice") to Seller, with a copy to the Title
Company, on or before 5 p.m. Eastern Standard Time on January 5, 2004 if
Purchaser is not satisfied with the results of its underwriting with respect to
the impact of an anticipated real property tax reassessment on the economics of
the transaction. Upon delivery of the Tax Termination Notice to Seller and the
Title Company, the Agreement

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shall terminate, Purchaser shall receive a return of the Deposit and each party
to the Agreement shall pay for its own out-of-pocket expenses incurred in
respect of the transactions contemplated by the Agreement.

         2.3      Insurance. Purchaser shall have the right to terminate the
Agreement by giving written notice (the "Insurance Termination Notice") to
Seller, with a copy to the Title Company, on or before 5 p.m. Eastern Standard
Time on January 16, 2004, if Seller has not delivered evidence reasonably
satisfactory to Purchaser that the Insurance Program Condition will be satisfied
as of the Closing Date. Seller shall have the right, but not the obligation, to
deliver within three (3) Business Days of their receipt of the Insurance
Termination Notice written notice (the "Insurance Override Notice") to
Purchaser, with a copy to the Title Company, stating that Seller agrees that
satisfaction of the Insurance Program Condition shall be a condition precedent
to Purchaser's obligation to close pursuant to Section 4 of the Agreement,
whereupon the Insurance Termination Notice shall be of no further force and
effect, and Purchaser shall proceed to Closing on the Closing Date, subject to
all the terms and conditions of the Agreement, including satisfaction of the
Insurance Program Condition. If Seller fails to deliver the Insurance Override
Notice within three (3) Business Days of their receipt of the Insurance
Termination Notice, the Agreement shall terminate, Purchaser shall receive a
return of the Deposit, and each party to the Agreement shall pay for its own
out-of-pocket expenses incurred in respect of the transactions contemplated by
the Agreement.

SECTION 3. AMENDMENTS.

         3.1      Amendments to Section 1. Section 1 (Definitions) of the
Original Agreement is hereby amended by adding the following new definition:

                   "Insurance Program Condition" shall mean either (i) to the
                   extent available within the applicable cost parameters,
                   insurance policies satisfying Article 9 (Insurance) of the
                   Lease at a cost for the first policy year not to exceed one
                   hundred five percent (105%) of Three Million One Hundred
                   Forty-Nine Thousand Three Hundred Seven Dollars ($3,149,307)
                   in the aggregate for the Property and all of the properties
                   which are the subject of the Portfolio Sale Agreement,
                   without the necessity of any contribution of additional
                   capital by Purchaser or (ii) to the extent the coverage in
                   (i) is not available within the applicable cost parameters,
                   the risk management program currently in effect with respect
                   to the Property, as more fully described in Schedule Y
                   attached hereto at a cost for the first policy year not to
                   exceed one hundred five percent (105%) of Three Million One
                   Hundred Forty-Nine Thousand Three Hundred Seven Dollars
                   ($3,149,307) in the aggregate for the Property and all of the
                   properties subject of the Portfolio Sale Agreement, with
                   Seller maintaining, at its sole cost and expense, such
                   additional security as may be necessary to support such
                   program."

                                      -2-

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         3.2      Amendment to Section 8.4. Section 8.4 (Maintenance and
Renovation Contracts) is hereby deleted in its entirety, and the following is
hereby substituted in its place:

                  "Maintenance and Renovation Contracts; Required Repairs;
                  Indemnification.

                           (a)      Between the Effective Date and the Closing
                  Date, Seller shall (i) maintain the Property in substantially
                  the same manner as prior hereto pursuant to Seller's normal
                  course of business, subject to reasonable wear and tear and
                  further subject to the occurrence of any damage or destruction
                  to the Property by casualty or other causes or events beyond
                  the control of Seller; provided, however, that, except as
                  expressly provided in the other subsections of this Section
                  8.4, Seller's maintenance obligations under this subsection
                  shall not include any obligation to make capital expenditures
                  not incurred in Seller's normal course of business or any
                  other expenditures not incurred in Seller's normal course of
                  business; and (ii) perform its obligations under the
                  Renovation Contracts, including timely payment of all amounts
                  due thereunder. On the Closing Date, Seller shall provide the
                  Title Company pursuant to an escrow agreement acceptable to
                  Seller and the Title Company with an amount equal to one
                  hundred and ten percent (110%) of any amounts not yet due and
                  payable by Seller under the Renovation Contracts to be held in
                  escrow in an interest-bearing account (the "RC Escrow
                  Account") by the Title Company and disbursed by the Title
                  Company from time to time pursuant to written instructions
                  from Seller in accordance with the provisions of the
                  Renovation Contracts. Upon the completion of the work under
                  each Renovation Contract and Title Company receiving
                  appropriate lien waivers from the contractor(s) under such
                  Renovation Contract, Title Company shall disburse to Seller
                  any remaining funds in the RC Escrow Account relating to such
                  Renovation Contract.

                           (b)      Within the later of ninety (90) days after
                  the Closing Date or such longer time as may reasonably be
                  required consistent with Applicable Laws, Seller shall cause
                  the property repairs described in Schedule Z attached hereto
                  (the "Required Property Repairs") to be performed, at its sole
                  expense, in a good and workmanlike manner in accordance with
                  all Applicable Laws. Prior to the Closing Date, Seller shall
                  enter into any third-party contracts which may be necessary
                  for completion of the Required Property Repairs. At Closing,
                  Seller shall provide Tenant with a credit in the amount of One
                  Hundred Ten Percent (110%) of the amount which Seller
                  reasonably estimates to be the cost for Tenant to complete the
                  Required Property Repairs. Upon giving such credit, Seller, in
                  its capacity as seller under the Agreement, shall have no
                  further liability with respect to the Required Property
                  Repairs, subject only to its indemnification obligation with
                  respect to third party contracts executed by Seller prior to
                  the Closing Date to perform Required Property Repairs. Upon
                  completion of the Required Property Repairs, Tenant shall

                                      -3-

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                  be entitled to distribute to its partners any remaining funds
                  with respect to which it was credited at Closing in connection
                  with the Required Property Repairs.

                           (c)      Seller shall be responsible to timely
                  complete and pay all costs of and shall indemnify Purchaser
                  and its assigns against any cost, loss, damage or liability
                  relating to any failure of Seller to pay all amounts due under
                  the Renovation Contracts or under any contract executed by
                  Seller prior to the Closing Date to perform Required Property
                  Repairs."

         3.3      Amendments to Section 10 (Apportionments).

                  (a)      Section 10.2 (Closing Costs) is hereby amended by
deleting section (a) and in lieu, in place, and instead thereof is inserted the
following:

                           "(a)     All Third-Party Costs (hereinafter defined)
                  shall be borne one hundred percent (100%) by Purchaser. All
                  Third-Party Costs are included in the determination of rent
                  under the Lease (subject to the terms of the Lease providing
                  that the aggregate maximum amount of Third-Party Costs plus
                  the "Third-Party Costs" under the Portfolio Sale Agreement
                  which may be included in the determination of rent is Seven
                  Million Three Hundred Thousand Dollars ($7,300,000), excluding
                  any reserves required to be posted by Purchaser, its
                  Affiliates, the Property Transferee, the purchasers under
                  Portfolio Sale Agreement or their Affiliates on the Closing
                  Date to satisfy the requirements of the Lender or the lenders
                  with respect to the properties which are the subject of the
                  Portfolio Sale Agreement)."

         3.8      Amendment to Schedule F. The references on the first page of
Schedule F to the Original Agreement to the Six Million Dollar ($6,000,000)
letter of credit for the Loan are hereby deleted.

SECTION 4. MISCELLANEOUS.

         4.1      Notices. Any and all notices, demands, consents, approvals,
offers, elections and other communications required or permitted under this
Amendment shall be delivered as set forth under Section 12.4 of the Original
Agreement.

         4.2      Counterparts, Etc. This Amendment may be executed in two (2)
or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. Facsimile
signatures shall be deemed originals for purposes of determining the
enforceability of this Amendment. This Amendment constitutes the entire
agreement of the parties hereto with respect to the subject matter hereof and
shall supersede and take the place of any other instruments purporting to be an
agreement of the parties hereto relating to the subject matter hereof. The
Original Agreement as amended by this Amendment may not be amended or modified
in any respect other than by the written agreement of all of the parties hereto.

                                      -4-

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         4.3      Ratification. Except as amended by this Amendment, the terms
of the Original Agreement are hereby ratified and confirmed in all respects.

                            [SIGNATURE PAGE FOLLOWS]

                                      -5-

<PAGE>

         IN WITNESS WHEREOF, the parties have caused this First Amendment to
Purchase and Sale Agreement to be executed as a sealed instrument as of the date
first hereinabove written.

                                    SELLER:

                                    NILES LIFESTYLE LIMITED PARTNERSHIP,
                                    an Illinois limited partnership

                                    By: Niles Lifestyle Gen-Par, L.L.C.,
                                        a Delaware corporation,
                                        its general partner

                                        By: /s/ Jon A. DeLuca
                                            -----------------------------------
                                            Jon A. DeLuca, Vice President and
                                            Chief Financial Officer

                                    PURCHASER:

                                    CNL RETIREMENT CORP., A FLORIDA CORPORATION

                                        By: /s/ Marcel Verbaas
                                            -----------------------------------
                                            Marcel Verbaas
                                            Chief Investment Officer

<PAGE>

                                   SCHEDULE Y

                         CURRENT RISK MANAGEMENT PROGRAM

         The Park at Golf Mill has a separate general liability policy from the
current general and professional liability policy on the properties subject of
the Portfolio Sale Agreement.

         The policy has a $1,000,000 per occurrence limit with a $2,000,000
aggregate. There is no deductible. There is a separate umbrella policy over the
primary coverage with limits of $ 25,000,000 per occurrence and $ 25,000,000
aggregate. Both the primary and umbrella are occurrence based policies. The
policy dates are 4/15/2003 to 4/14/2004.

         For all other descriptions of Insurance coverage please refer to
certificates of insurance provided to Purchaser.

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                                   SCHEDULE Z

                            REQUIRED PROPERTY REPAIRS

Assessment of parking lot with corrective action as needed

Remove vent and fuel inlet (environmental)<PAGE>

                                  EXHIBIT 10.72

                               Second Amendment to

                           Purchase and Sale Agreement

                              dated January 5, 2004

<PAGE>

                                SECOND AMENDMENT

                                       TO

                           PURCHASE AND SALE AGREEMENT

                                 by and between

                      Niles Lifestyle Limited Partnership,

                                   as Seller,

                                       and

                  CNL Retirement Corp., a Florida corporation,

                                  as Purchaser

                                 January 5, 2004

<PAGE>

                                SECOND AMENDMENT

                                       TO

                           PURCHASE AND SALE AGREEMENT

         THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT (this "Amendment")
is made effective as of January 5, 2004, by and between Niles Lifestyle Limited
Partnership, an Illinois limited partnership (the "Seller"), and CNL Retirement
Corp., a Florida corporation ("Purchaser").

                              W I T N E S S E T H:

         WHEREAS, Seller and Purchaser entered into a Purchase and Sale
Agreement dated as of December 19, 2003 and amended by that certain First
Amendment to Purchase and Sale Agreement dated effective December 31, 2003
(collectively, the "Original Agreement") with respect to the purchase and sale
of a senior living facility located on the land more particularly described on
Schedule A to the Original Agreement.

         WHEREAS, Seller and Purchaser wish to amend the Original Agreement as
set forth in this Amendment.

         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, Seller and Purchaser hereby
agree as follows:

SECTION 1. DEFINITIONS.

         Capitalized terms used in this Amendment and not defined elsewhere
herein shall have the meanings set forth in the Original Agreement.

SECTION 2. AMENDMENTS.

         2.1      Amendments to Section 1.

                  (a)      Section 1 (Definitions) of the Original Agreement is
hereby amended by adding the following new definition:

                   "Deed Related Transfer Taxes" shall have the meaning given
                   such term in Section 10.2(c)."

<PAGE>

                  (b)      Section 1 (Definitions) of the Original Agreement is
further amended by deleting the existing definition of "Purchase Price" and in
lieu, in place, and instead thereof is inserted the following:

                   ""Purchase Price" shall mean Fifty-Nine Million Eight Hundred
                   Twenty Thousand Dollars ($59,820,000) which is the amount to
                   be paid by Purchaser to Seller for the Property, which shall
                   be allocated between Real Property, Improvements and Assets
                   for each Property by the parties within seven (7) Business
                   Days prior to the scheduled Closing Date. The Purchase Price
                   also shall be subject to adjustments, credits and prorations
                   as provided herein."

         2.2      Amendments to Section 10 (Apportionments).

                  (a)      Section 10.2 (Closing Costs) of the Original
Agreement is hereby amended by deleting subsection (a) and in lieu, in place,
and instead thereof is inserted the following:

                           "(a)     All Third-Party Costs (hereinafter defined)
                  shall be borne one hundred percent (100%) by Purchaser. All
                  Third-Party Costs are included in the determination of rent
                  under the Lease (subject to the terms of the Lease providing
                  that the aggregate maximum amount of Third-Party Costs plus
                  the "Third-Party Costs" under the Portfolio Sale Agreement
                  which may be included in the determination of rent of the
                  Original Agreement is Five Million Eight Hundred Thousand
                  Dollars ($5,800,000), excluding any reserves required to be
                  posted by Purchaser, its Affiliates, the Property Transferee,
                  the purchasers under the Portfolio Sale Agreement or their
                  Affiliates or the Property Transferees under the Portfolio
                  Sale Agreement on the Closing Date to satisfy the requirements
                  of the Lender or the lenders with respect to the properties
                  which are the subject of the Portfolio Sale Agreement). All
                  Deed Related Transfer Taxes shall be borne one hundred percent
                  (100%) by Seller, and the responsibility of Seller for payment
                  of all Deed Related Transfer Taxes shall not be subject to the
                  post-closing limitations of Sections 11.3 and 11.4 hereof."

                  (b)      Section 10.2 (Closing Costs) of the Original
Agreement is hereby further amended by deleting subsection 10.2(c) and in lieu,
in place, and instead thereof is inserted the following:

                           "(c)     As used herein, the term "Transfer Taxes"
                  shall mean any transfer, sales, use, recordation or other
                  similar taxes, impositions, expenses or fees incurred in
                  connection with the Closing (except for the Deed Related
                  Transfer Taxes) and the assumption of the Loan and/or the
                  recordation or filing of any documents or instruments in
                  connection therewith (except for the Deed Related Transfer
                  Taxes) or the sale, transfer or conveyance of the Property
                  from Seller to the Property

                                      -2-

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                  Transferee (except for the Deed Related Transfer Taxes) or the
                  Lease of the Property from the Property Transferee to Tenant.
                  Transfer Taxes shall not include, and Seller shall be solely
                  responsible for any taxes due in respect of its income, net
                  worth or capital, if any, and any privilege, sales and
                  occupancy taxes, due or owing to any Governmental Authority in
                  connection with the operation of the Property for any period
                  of time prior to the Closing, and the Property Transferee, and
                  Tenant, as applicable, shall be solely responsible for all
                  such taxes for any period from and after the Closing, and
                  provided further that any income tax arising as a result of
                  the sale and transfer of the Property by Seller to Purchaser
                  shall be the sole responsibility of Seller."

                           As used herein, the term "Deed Related Transfer
                   Taxes" shall mean any transfer, sales, use, recordation or
                   other similar taxes, impositions, expenses or fees owed or
                   incurred in connection with the transfer of the fee simple
                   interest in the Property from Seller to the Property
                   Transferee, including the recordation of the Deed for the
                   Property from Seller to the Property Transferee and/or the
                   recordation or filing of any documents or instruments in
                   connection therewith."

         2.3      Amendment to Schedule E-1 (Form of Lease). Section 5.2.8 of
Schedule D (Form of Lease) of the Original Agreement is hereby amended to
provide that Landlord shall be obligated to pay from funds in the Reserve, in
accordance with the provisions of Section 5.2 of the Lease, all repairs,
alterations, improvements, renewals or replacements which are required or
otherwise necessary to cause the Leased Property to comply with the Americans
with Disabilities Act, as amended from time to time. If, at any time, funds in
the Reserve shall be insufficient to pay for such repairs, alterations,
improvements, renewals or replacements, Landlord shall fund the shortfall, if
any, and, upon disbursement by Landlord of such shortfall, Minimum Rent shall be
adjusted as provided in Section 3.3 of the Lease. Within one (1) Business Day
following the date of this Amendment, Seller shall furnish Purchaser with an
updated Schedule D to the Original Agreement reflecting the amendment to the
form of Lease set forth in the immediately preceding sentence.

SECTION 3. ELECTION.

         The execution and delivery of this Amendment by Purchaser shall
constitute Purchaser's election not to deliver the Tax Termination Notice.

SECTION 4. MISCELLANEOUS.

         4.1      Notices. Any and all notices, demands, consents, approvals,
offers, elections and other communications required or permitted under this
Amendment shall be delivered as set forth under Section 12.4 of the Original
Agreement.

         4.2      Counterparts, Etc. This Amendment may be executed in two (2)
or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. Facsimile
signatures shall be deemed originals for purposes of

                                      -3-

<PAGE>

determining the enforceability of this Amendment. This Amendment constitutes the
entire agreement of the parties hereto with respect to the subject matter hereof
and shall supersede and take the place of any other instruments purporting to be
an agreement of the parties hereto relating to the subject matter hereof. The
Original Agreement as amended by this Amendment may not be amended or modified
in any respect other than by the written agreement of all of the parties hereto.

         4.3      Ratification. Except as amended by this Amendment, the terms
of the Original Agreement are hereby ratified and confirmed in all respects.

                            [SIGNATURE PAGE FOLLOWS]

                                      -4-

<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Second Amendment to
Purchase and Sale Agreement to be executed as a sealed instrument as of the date
first hereinabove written.

                              SELLER:

                              NILES LIFESTYLE LIMITED PARTNERSHIP,
                              an Illinois limited partnership

                              By: Niles Lifestyle Gen-Par, L.L.C.,
                                  a Delaware corporation,
                                  its general partner

                                  By: /s/ Jon A. DeLuca
                                      -----------------------------------
                                      Jon A. DeLuca, Vice President and
                                      Chief Financial Officer

                              PURCHASER:

                              CNL RETIREMENT CORP., A FLORIDA CORPORATION

                                  By: /s/ Marcel Verbaas
                                      ----------------------------------------
                                      Marcel Verbaas
                                      Chief Investment Officer

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