Document:

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                                                                  Exhibit: 10.79

                                 AWARD AGREEMENT
                  UNDER THE BROOKDALE LIVING COMMUNITIES, INC.
                         EMPLOYEE RESTRICTED STOCK PLAN

          This Award Agreement (this "Restricted Stock Agreement"), dated as of
August 9, 2005 (the "Date of Grant"), is made by and between Brookdale Living
Communities, Inc., a Delaware corporation (the "Company") and Deborah Paskin
(the "Participant"). Capitalized terms not defined herein shall have the meaning
ascribed to them in the Company Employee Restricted Stock Plan (the "Plan").
Where the context permits, references to the Company shall include any successor
to the Company.

          1. Number of Shares. The Company hereby grants to the Participant 94.7
Shares (the "Restricted Stock"), subject to all of the terms and conditions of
this Restricted Stock Agreement and the Plan.

          2. Lapse of Restrictions.

               (a) Vesting. The restrictions on transfer set forth in Section
2(b) hereof shall lapse as follows, subject to the continued employment of
Participant by the Company:

Provided a Participant remains continuously employed by the Company until the
consummation of an Initial Public Offering, 50% of the Restricted Stock shall be
vested as of the Date of Grant. In addition, 16.7% of the remaining 50% of the
Restricted Stock shall vest at the end of the third, fourth and fifth years
following the Date of Grant, provided the Participant has remained continuously
employed by the Company (or, following the consummation of the Brookdale Senior
Living Transaction, any successor thereto) as of each such date; provided that,
upon the occurrence of a Change in Control, 100% of the Restricted Stock that is
not vested at that time shall immediately vest.

Upon any termination of the Participant's employment with the Company prior to
the occurrence of an Initial Public Offering, any shares of Restricted Stock
pursuant to this Restricted Stock Agreement shall be immediately forfeited by
the Participant and transferred to, and reacquired by, the Company without
consideration of any kind and neither the Participant nor any of the
Participant's successors, heirs, assigns, or personal representatives shall
thereafter have any further rights or interests in such shares of Restricted
Stock.

From and following the occurrence of an Initial Public Offering, upon
termination of the Participant's employment with the Company other than
termination by the Company (or any successor) without Cause or by the
Participant for Good Reason, any shares of

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Restricted Stock as to which the restrictions on transferability described in
this Section shall not already have lapsed shall be immediately forfeited by the
Participant and transferred to, and reacquired by, the Company without
consideration of any kind and neither the Participant nor any of the
Participant's successors, heirs, assigns, or personal representatives shall
thereafter have any further rights or interests in such shares of Restricted
Stock. Notwithstanding the foregoing, if the Participant's employment is
terminated by the Company (or its successor) without Cause or by the Participant
for Good Reason, then the Participant shall immediately vest in the percentage
of the shares of Restricted Stock that would have vested on the anniversary of
the Date of Grant next following the date of such termination, or, if that
percentage is zero, then the percentage of Restricted Stock that would have
vested on the anniversary of the Date of Grant following the date of such
termination for which the vesting percentage is greater than zero.

               (b) Restrictions. Until the restrictions on transfer of the
Restricted Stock lapse as provided in Section 2(a) hereof, or as otherwise
provided in the Plan, no transfer of the Restricted Stock or any of the
Participant's rights with respect to the Restricted Stock, whether voluntary or
involuntary, by operation of law or otherwise, shall be permitted. Moreover,
subject to Section 7.2 of the Plan, no shares of Restricted Stock shall be sold,
assigned, transferred, pledged, hypothecated or otherwise disposed of prior to
the consummation of the Initial Public Offering. Unvested Shares subject to
Stock Awards may not be sold, assigned, transferred, pledged, hypothecated or
otherwise disposed of and shall be subject to a risk of forfeiture until such
Shares become vested. Unless the Board or any other entity designated by the
Board to administer the Plan (the "Administrator") determines otherwise, upon
any attempt to transfer a share of Restricted Stock or any rights in respect of
a Share of Restricted Stock before the lapse of such restrictions, such Share,
and all of the rights related thereto, shall be immediately forfeited by the
Participant and transferred to, and reacquired by, the Company without
consideration of any kind.

          3. Adjustments. Pursuant to Section 4.2 of the Plan, in the event of a
change in capitalization as described therein, the Board shall make such
equitable changes or adjustments as it deems necessary or appropriate to the
number and kind of shares of stock or other property (including cash) issued or
issuable in respect of outstanding Restricted Stock. Upon the consummation of
the Brookdale Senior Living Transaction, each Share underlying the Restricted
Stock shall be automatically converted into such number of Brookdale Senior
Living securities as the Board, in its sole discretion, deems appropriate. The
vesting schedule of the Restricted Stock shall continue in effect following such
transaction, except that service with Brookdale Senior Living Inc. or any
surviving or continuing entity shall be considered service with the Company for
purposes of such schedule.

          4. Legend on Certificates. The Participant agrees that any certificate
issued for Restricted Stock (or, if applicable, any book entry statement issued
for Restricted

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Stock) prior to the lapse of any outstanding restrictions relating thereto shall
bear the following legend (in addition to any other legend or legends required
under applicable federal and state securities laws):

     THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
     RESTRICTIONS UPON TRANSFER AND RIGHTS OF REPURCHASE (THE "RESTRICTIONS") AS
     SET FORTH IN THE BROOKDALE LIVING COMMUNITIES, INC. EMPLOYEE RESTRICTED
     STOCK PLAN AND A RESTRICTED STOCK AGREEMENT ENTERED INTO BETWEEN THE
     REGISTERED OWNER AND BROOKDALE LIVING COMMUNITIES, INC., COPIES OF WHICH
     ARE ON FILE WITH THE SECRETARY OF THE COMPANY. ANY ATTEMPT TO DISPOSE OF
     THESE SHARES IN CONTRAVENTION OF THE RESTRICTIONS, INCLUDING BY WAY OF
     SALE, ASSIGNMENT, TRANSFER, PLEDGE, HYPOTHECATION OR OTHERWISE, SHALL BE
     NULL AND VOID AND WITHOUT EFFECT AND SHALL RESULT IN THE FORFEITURE OF SUCH
     SHARES AS PROVIDED IN SUCH PLAN AND AGREEMENT.

          5. Certain Changes. The Administrator may accelerate the date on which
the restrictions on transfer set forth in Section 2(b) hereof shall lapse or
otherwise adjust any of the terms of the Restricted Stock; provided that no
action under this Section shall adversely affect the Participant's rights
hereunder.

          6. Notices. All notices and other communications under this Restricted
Stock Agreement shall be in writing and shall be given by facsimile or first
class mail, certified or registered with return receipt requested, and shall be
deemed to have been duly given three days after mailing or 24 hours after
transmission by facsimile to the respective parties named below:

     If to the Company:     Brookdale Living Communities, Inc.
                            330 N Wabash Avenue
                            Suite 1400
                            Chicago, IL 60611
                            Facsimile: (312) 977-3699
                            Attn: Chief Executive Officer

     If to the Participant: Deborah Paskin
                            601 Elmwood Ave.
                            Wilmette, IL 60091
                            Facsimile: ______________

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Either party hereto may change such party's address for notices by notice duly
given pursuant hereto.

          7. Securities Laws Requirements. The Company shall not be obligated to
transfer any Shares to the Participant free of the restrictive legend described
in Section 4 hereof or of any other restrictive legend if such transfer, in the
opinion of counsel for the Company, would violate the Securities Act of 1933, as
amended (the "Securities Act") (or any other federal or state statutes having
similar requirements as may be in effect at that time).

          8. No Obligation to Register. The Company shall be under no obligation
to register the shares of Restricted Stock pursuant to the Securities Act or any
other federal or state securities laws.

          9. Lock-Up. To the extent required by the Company, the Participant
shall not transfer any Shares of Restricted Stock acquired pursuant to the Plan
for a period of 180 days following the closing of an Initial Public Offering or
such longer or shorter period of time as may be reasonably requested by the
Company's underwriter in connection with such Initial Public Offering, or if
such Initial Public Offering is in connection with a sale or similar corporate
transaction, such longer period of time as may be set forth in any lock-up or
market stand-off agreement executed by the beneficial owners of at least 50% of
the outstanding Shares immediately before such sale or similar corporate
transaction.

          10. Protections Against Violations of Agreement. No purported sale,
assignment, mortgage, hypothecation, transfer, pledge, encumbrance, gift,
transfer in trust (voting or other) or other disposition of, or creation of a
security interest in or lien on, any of the Shares of Restricted Stock by any
holder thereof in violation of the provisions of this Restricted Stock Agreement
or the Certificate of Incorporation or the Bylaws of the Company, will be valid,
and the Company will not transfer any of said shares of Restricted Stock on its
books nor will any of such Shares of Restricted Stock be entitled to vote, nor
will any dividends be paid thereon, unless and until there has been full
compliance with said provisions to the satisfaction of the Company. The
foregoing restrictions are in addition to and not in lieu of any other remedies,
legal or equitable, available to enforce said provisions.

          11. Taxes. The Participant shall pay to the Company promptly upon
request, and in any event at the time the Participant recognizes taxable income
in respect to the Shares of Restricted Stock (or, if the Participant makes an
election under Section 83(b) of the Code in connection with such grant), an
amount equal to the taxes the Company determines it is required to withhold
under applicable tax laws with respect to the Shares of Restricted Stock. The
Participant may satisfy the foregoing requirement by making a payment to the
Company in cash or, with the approval of the Administrator, in it sole
discretion, by delivering already owned unrestricted Shares, in each case,
having a value

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equal to the minimum amount of tax required to be withheld. Such Shares shall be
valued at their fair market value on the date as of which the amount of tax to
be withheld is determined. Fractional share amounts shall be settled in cash.
The Participant shall promptly notify the Company of any election made pursuant
to Section 83(b) of the Code. A form of such election is attached hereto as
Exhibit A.

     THE PARTICIPANT ACKNOWLEDGES THAT IT IS THE PARTICIPANT'S SOLE
     RESPONSIBILITY AND NOT THE COMPANY'S TO FILE TIMELY THE ELECTION UNDER
     SECTION 83(b) OF THE CODE, EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR
     ITS REPRESENTATIVE TO MAKE THIS FILING ON THE PARTICIPANT'S BEHALF.

The Participant acknowledges that the tax laws and regulations applicable to the
Restricted Stock and the disposition of the shares of Restricted Stock following
vesting are complex and subject to change.

          12. Bonus Payments for Tax Withholding. Notwithstanding the foregoing,
if the Participant makes an election pursuant to Section 83(b) of the Code
within 30 days following the Date of Grant with respect to the Restricted Stock,
then the Company shall award to the Participant a cash bonus intended to be used
solely for purposes of paying the Company's withholding obligations (and any
related taxes) with respect to the Participant's tax obligations for such
Restricted Stock due as a result of having filed such Section 83(b) election.
The bonus will be in an amount equal to, on an after tax basis, the Company's
withholding obligation with respect to the Shares for up to 100% of the Shares
subject to this Restricted Stock Agreement (a) with respect to which the
forfeiture restrictions of Section 2(b) shall lapse as of the effective date of
an Initial Public Offering, and (b) for which the Participant has made such
timely election, and the Company shall directly remit such bonus to the Internal
Revenue Service. In addition, if the Participant terminates employment with the
Company (or any successor) or the Participant's employment is terminated for
Cause, in either case, prior to the occurrence of the first filing with the
Securities Exchange Commission with respect to an Initial Public Offering (the
"First Filing"), then the Participant shall be required to repay to the Company
(or any successor) the bonus described in this Section, no later than 60 days
following such termination of employment or if earlier, immediately prior to the
First Filing. The Participant will remain responsible, pursuant to Section 11
hereof, for any and all withholding obligations that exceed the value of the
bonus described in this Section.

          13. Failure to Enforce Not a Waiver. The failure of the Company to
enforce at any time any provision of this Restricted Stock Agreement shall in no
way be construed to be a waiver of such provision or of any other provision
hereof.

          14. Investment Representation. The Participant hereby represents and

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warrants to the Company that the Participant, by reason of the Participant's
business or financial experience (or the business or financial experience of the
Participant's professional advisors who are unaffiliated with and who are not
compensated by the Company or any affiliate or selling agent of the Company,
directly or indirectly), has the capacity to protect the Participant's own
interests in connection with the transactions contemplated under this Restricted
Stock Agreement.

          15. Restrictive Covenants. The Participant acknowledges that during
the period of his employment with the Company or any subsidiary, he shall have
access to the Company's Confidential Information (as defined below) and will
meet and develop relationships with the Company's potential and existing
suppliers, financing sources, clients, customers and employees.

               (a) Noncompetition. The Participant agrees that during the period
of his employment with the Company and for the one year period immediately
following termination of such employment for any reason or for no reason, the
Participant shall not directly or indirectly, either as a principal, agent,
employee, employer, consultant, partner, shareholder of a closely held
corporation or shareholder in excess of five percent of a publicly traded
corporation, corporate officer or director, or in any other individual or
representative capacity, engage or otherwise participate in any manner or
fashion in any business that is a Competing Business in the Area. The
Participant further covenants and agrees that this restrictive covenant is
reasonable as to duration, terms and geographical area and that the same
protects the legitimate interests of the Company and its affiliates, imposes no
undue hardship on The Participant, is not injurious to the public, and that any
violation of this restrictive covenant shall be specifically enforceable in any
court with jurisdiction upon short notice. Solely for purposes of this Section
15(a): "Area" means a 15 mile radius of any senior living facility owned,
managed or operated by the Company (or its successor) at the time Participant's
employment is terminated; and "Competing Business" means the business of owning,
operating or managing senior living facilities having gross annualized revenues
of at least $35 million or owning, operating or managing, in the aggregate, at
least 1,000 units/beds provided that at least 750 units/beds owned, operated or
managed by such business are located within the Area.

               (b) Solicitation of Employees, Etc. The Participant agrees that
during the period of his employment with the Company and for the two year period
immediately following the date of termination of The Participant's employment
with the Company or any subsidiary for any reason, the Participant shall not,
directly or indirectly, (i) solicit or induce any officer, director, employee,
agent or consultant of the Company or any of its successors, assigns,
subsidiaries or affiliates to terminate his, her or its employment or other
relationship with the Company or its successors, assigns, subsidiaries or
affiliates for the purpose of associating with any competitor of the Company or
its successors, assigns, subsidiaries or affiliates, or otherwise encourage any
such person or entity to leave or sever his, her or its employment or other
relationship with the Company

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or its successors, assigns, subsidiaries or affiliates, for any other reason or
(ii) hire any individual who left the employ of the Company or any of its
affiliates during the immediately preceding one-year period.

               (c) Solicitation of Clients, Etc. The Participant agrees that
during the period of his employment with the Company and for the two year period
immediately following the date of termination of the Participant's employment
with the Company or any subsidiary, the Participant shall not, directly or
indirectly, solicit or induce (i) any customers or clients of the Company or its
successors, assigns, subsidiaries or affiliates or (ii) any vendors, suppliers
or consultants then under contract to the Company or its successors, assigns,
subsidiaries or affiliates, to terminate his, her or its relationship with the
Company or its successors, assigns, subsidiaries or affiliates, for the purpose
of associating with any competitor of the Company or its successors, assigns,
subsidiaries or affiliates, or otherwise encourage such customers or clients, or
vendors, suppliers or consultants then under contract, to terminate his, her or
its relationship with the Company or its successors, assigns, subsidiaries or
affiliates, for any other reason. Nothing in this section applies to those
customers, clients, vendors, suppliers, or consultants who did not conduct
business with the Company, or its successors, assigns, subsidiaries or
affiliates, during the Participant's employment with the Company.

               (d) Disparaging Comments. The Participant agrees that during the
period of the Participant's employment with the Company and thereafter, The
Participant shall not make any disparaging or defamatory comments regarding the
Company or, after termination of his employment relationship with the Company,
make any comments concerning any aspect of the termination of their
relationship. The obligations of The Participant under this subsection shall not
apply to disclosures required by applicable law, regulation or order of any
court or governmental agency.

Nothing contained in this Section shall limit any common law or statutory
obligation that the Participant may have to the Company or any of its
affiliates. For purposes of this Section and Section 16, the "Company" refers to
the Company and any incorporated or unincorporated affiliates of the Company,
including any entity which becomes The Participant's employer as a result of any
reorganization or restructuring of the Company for any reason. The Company shall
be entitled, in connection with its tax planning or other reasons, to terminate
the Participant's employment (which termination shall not be considered a
termination for any purposes of this Restricted Stock Agreement, any employment
agreement or otherwise) in connection with an invitation from another affiliate
of the Company to accept employment with such affiliate in which case the terms
and conditions hereof shall apply to the Participant's employment relationship
with such entity mutatis mutandis.

          16. Confidentiality. All books of account, records, systems,
correspondence, documents, and any and all other data, in whatever form,
concerning or

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containing any reference to the works and business of the Company or its
affiliated companies shall belong to the Company and shall be given up to the
Company whenever the Company requires the Participant to do so. The Participant
agrees that the Participant shall not at any time during the term of the
Participant's employment or thereafter, without the Company's prior written
consent, disclose to any person (individual or entity) any information or any
trade secrets, plans or other information or data, in whatever form, (including,
without limitation, (a) any financing strategies and practices, pricing
information and methods, training and operational procedures, advertising,
marketing, and sales information or methodologies or financial information and
(b) any Proprietary Information (as defined below)), concerning the Company's or
any of its affiliated companies' or customers' practices, businesses,
procedures, systems, plans or policies (collectively, "Confidential
Information"), nor shall the Participant utilize any such Confidential
Information in any way or communicate with or contact any such customer other
than in connection with the Participant's employment by the Company. The
Participant hereby confirms that all Confidential Information constitutes the
Company's exclusive property, and that all of the restrictions on the
Participant's activities contained in this Agreement and such other
nondisclosure policies of the Company are required for the Company's reasonable
protection. Confidential Information shall not include any information that has
otherwise been disclosed to the public not in violation of this Agreement. This
confidentiality provision shall survive the termination of this Restricted Stock
Agreement and shall not be limited by any other confidentiality agreements
entered into with the Company or any of its affiliates.

The Participant agrees that the Participant shall promptly disclose to the
Company in writing all information and inventions generated, conceived or first
reduced to practice by him alone or in conjunction with others, during or after
working hours, while in the employ of the Company (all of which is collectively
referred to in this Agreement as "Proprietary Information"); provided, however,
that such Proprietary Information shall not include (a) any information that has
otherwise been disclosed to the public not in violation of this Agreement and
(b) general business knowledge and work skills of the Participant, even if
developed or improved by the Participant while in the employ of the Company. All
such Proprietary Information shall be the exclusive property of the Company and
is hereby assigned by the Participant to the Company. The Participant's
obligation relative to the disclosure to the Company of such Proprietary
Information anticipated in this Section shall continue beyond the Participant's
termination of employment and the Participant shall, at the Company's expense,
give the Company all assistance it reasonably requires to perfect, protect and
use its right to the Proprietary Information.

          17. Governing Law. This Restricted Stock Agreement shall be governed
by and construed according to the laws of the State of Delaware without regard
to its principles of conflict of laws.

          18. Incorporation of Plan. The Plan is hereby incorporated by
reference

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and made a part hereof, and the Shares of Restricted Stock and this Restricted
Stock Agreement shall be subject to all terms and conditions of the Plan.

          19. Amendments; Construction. The Administrator may amend the terms of
this Restricted Stock Agreement prospectively or retroactively at any time, but
no such amendment shall impair the rights of the Participant hereunder without
his or her consent. To the extent the terms of Section 15 or 16 above conflict
with any prior agreement between the parties related to such subject matter, the
terms of Sections 15 and 16 shall supersede such conflicting terms and control.
Headings to Sections of this Restricted Stock Agreement are intended for
convenience of reference only, are not part of this Restricted Stock Agreement
and shall have no affect on the interpretation hereof.

          20. Survival of Terms. This Restricted Stock Agreement shall apply to
and bind the Participant and the Company and their respective permitted
assignees and transferees, heirs, legatees, executors, administrators and legal
successors. The terms of Sections 15 and 16 shall expressly survive the
forfeiture of the Restricted Stock and this Agreement.

          21. Rights as a Stockholder. Subject to the restrictions set forth in
the Plan and this Restricted Stock Agreement, the Participant shall possess all
incidents of ownership with respect to the shares of Restricted Stock, including
the right to receive dividends with respect to such shares of Restricted Stock
and to vote such shares of Restricted Stock.

          22. Agreement Not a Contract for Services. Neither the Plan, the
granting of the Shares of Restricted Stock, this Restricted Stock Agreement nor
any other action taken pursuant to the Plan shall constitute or be evidence of
any agreement or understanding, express or implied, that the Participant has a
right to continue to provide services as an officer, director, employee,
consultant or advisor of the Company or any Subsidiary or Affiliate for any
period of time or at any specific rate of compensation.

          23. Authority of the Administrator. The Administrator shall have full
authority to interpret and construe the terms of the Plan and this Restricted
Stock Agreement. The determination of the Administrator as to any such matter of
interpretation or construction shall be final, binding and conclusive.

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          24. Representations. The Participant has reviewed with the
Participant's own tax advisors the Federal, state, local and foreign tax
consequences of the transactions contemplated by this Restricted Stock
Agreement. The Participant is relying solely on such advisors and not on any
statements or representations of the Company or any of its agents. The
Participant understands that he (and not the Company) shall be responsible for
any tax liability that may arise as a result of the transactions contemplated by
this Restricted Stock Agreement.

          25. Severability. Should any provision of this Restricted Stock
Agreement be held by a court of competent jurisdiction to be unenforceable, or
enforceable only if modified, such holding shall not affect the validity of the
remainder of this Restricted Stock Agreement, the balance of which shall
continue to be binding upon the parties hereto with any such modification (if
any) to become a part hereof and treated as though contained in this original
Restricted Stock Agreement. Moreover, if one or more of the provisions contained
in this Restricted Stock Agreement shall for any reason be held to be
excessively broad as to scope, activity, subject or otherwise so as to be
unenforceable, in lieu of severing such unenforceable provision, such provision
or provisions shall be construed by the appropriate judicial body by limiting or
reducing it or them, so as to be enforceable to the maximum extent compatible
with the applicable law as it shall then appear, and such determination by such
judicial body shall not affect the enforceability of such provisions or
provisions in any other jurisdiction.

          26. Acceptance. The Participant hereby acknowledges receipt of a copy
of the Plan and this Restricted Stock Agreement. The Participant has read and
understand the terms and provision thereof, and accepts the shares of Restricted
Stock subject to all the terms and conditions of the Plan and this Restricted
Stock Agreement. The Participant hereby agrees to accept as binding, conclusive
and final all decisions or interpretations of the Administrator upon any
questions arising under this Restricted Stock Agreement.

          IN WITNESS WHEREOF, the parties hereto have executed and delivered
this Restricted Stock Agreement on the day and year first above written.

                                        BROOKDALE LIVING COMMUNITIES, INC.

                                        By:    /s/ Mark J. Schulte
                                               ---------------------------------
                                        Name:  Mark J. Schulte
                                               ---------------------------------
                                        Title: Chairman and CEO
                                               ---------------------------------

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                                        /s/ Deborah C. Paskin
                                        ----------------------------------------
                                        Deborah Paskin
                                        The Participant

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                                    EXHIBIT A
                          ELECTION UNDER SECTION 83(B)
                      OF THE INTERNAL REVENUE CODE OF 1986

The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the
Internal Revenue Code of 1986, as amended, to include in taxpayer's gross income
for the current taxable year the amount of any compensation taxable to taxpayer
in connection with taxpayer's receipt of the property described below:

          1. The name address, taxpayer identification number and taxable year
of the undersigned are as follows:

     NAME OF TAXPAYER:
                       _________________________________________________________

     NAME OF SPOUSE:
                     ___________________________________________________________

     ADDRESS:
              __________________________________________________________________

     IDENTIFICATION NO. OF TAXPAYER:
                                     ___________________________________________

     IDENTIFICATION NUMBER OF SPOUSE:
                                      __________________________________________

     TAXABLE YEAR:
                   _____________________________________________________________

          2. The property with respect to which the election is made is
described as follows: _______ shares (the "Shares") of Brookdale Living
Communities, Inc. ("Company").

          3. The date on which the property was transferred is: ______________,
20__.

          4. The property is subject to the following restrictions:

     The Shares may not be transferred and are subject to forfeiture under the
     terms of an agreement between the taxpayer and the Company. These
     restrictions lapse upon the satisfaction of certain conditions in such
     agreement.

          5. The fair market value at the time of transfer, determined without
regard to any restriction other than a restriction which by its terms will never
lapse, of such property is: $_______________.

          6. The amount (if any) paid for such property is: $______________.

The undersigned has submitted a copy of this statement to the person for whom
the services were performed in connection with the undersigned's receipt of the
above-described property. The transferee of such property is the person
performing the services in connection with the transfer of said property.

The undersigned understands that the foregoing election may not be revoked
except with the consent of the Commissioner.

Dated:                  , 2005
       -----------------                ----------------------------------------
                                        Taxpayer

The undersigned spouse of taxpayer joins in this election.

Dated:                  , 2005
       -----------------                ----------------------------------------
                                        Spouse of Taxpayer<PAGE>
                                                                  Exhibit: 10.80

                             FEBC-ALT INVESTORS LLC
                       EMPLOYEE RESTRICTED SECURITIES PLAN

                                    ARTICLE I

                                     PURPOSE

1.1  GENERAL. FEBC-ALT Investors LLC, a Delaware limited liability company
     (collectively with its subsidiaries, the "Company") has adopted this
     Employee Restricted Securities Plan (the "Plan") for the purpose of
     attracting, motivating, and retaining key employees of the Company by
     providing key employees with appropriate incentives and rewards to
     encourage them to enter into and continue in the employ of the Company and
     to acquire a proprietary interest in the long-term success of the Company.
     Where the context permits, references to the Company shall include any
     successor to the Company.

1.2  UNFUNDED PLAN. The Plan is an unfunded plan providing for incentive
     compensation payable during employment and therefore is not subject to the
     Employee Retirement Income Security Act of 1974, as amended.

                                   ARTICLE II

                                   DEFINITIONS

2.1  "ACT" means the Delaware Limited Liability Company Act (as it may be
     amended from time to time and any successor to such Act).

2.2  "AFFILIATE" means an affiliate of the Company (or other referenced entity,
     as the case may be) as defined in Rule 12b-2 promulgated under Section 12
     of the Exchange Act.

2.3  "BENEFICIAL OWNER" (or any variant thereof) has the meaning defined in Rule
     13d-3 under the Exchange Act.

2.4  "AWARD AGREEMENT" means the written agreement between the Company and a
     Participant evidencing a Securities Award.

2.5  "BOARD" means the Board of Managers of the Company.

2.6  "BROOKDALE SENIOR LIVING TRANSACTION" means a combination of the Company
     with Brookdale Living Communities, Inc., Fortress CCRC Acquisition LLC and
     one or more other companies.

2.7  "CAUSE" means, unless otherwise provided in an employment agreement between
     the Participant and the Company, (a) commission or conviction of, guilty
     plea

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     concerning or confession of any felony, (b) any act of dishonesty committed
     by a Participant in connection with the Company's or its subsidiaries'
     business, (c) any material breach by a Participant of the terms of any
     agreement between the Participant and the Company (or any successor
     thereto), after written notice thereof from the Board (or the Board of
     Directors of any successor to the Company) is given in writing and such
     breach is not cured to the satisfaction of the Company within a reasonable
     period of time (not greater than 30 days) under the circumstances; (d) any
     material breach of any reasonable and lawful rule or directive of the
     Company; (e) the gross or willful neglect of duties or gross misconduct by
     a Participant; and (f) the habitual use of drugs or habitual, excessive use
     of alcohol to the extent that any of such uses in the Board's good faith
     determination materially interferes with the performance of a Participant's
     duties under the terms of any agreement between the Participant and the
     Company (or any successor thereto).

2.8  "CHANGE IN CONTROL" shall be deemed to have occurred if an event set forth
     in any one of the following paragraphs shall have occurred:

     (a)  any Person other than any Permitted Transferee is or becomes the
          Beneficial Owner, directly or indirectly, of securities of the Company
          (not including in the securities beneficially owned by such Person any
          securities acquired directly from the Company or any of its affiliate
          as defined in Rule 12b-2 promulgated under Section 12 of the
          Securities Exchange Act of 1934, as amended, the "Exchange Act" )
          representing 50% or more of the combined voting power of the Company's
          then outstanding securities; or

     (b)  there is consummated a merger or consolidation of the Company or any
          direct or indirect subsidiary of the Company with any other
          corporation, other than a merger or consolidation immediately
          following which the individuals who comprise the Board immediately
          prior thereto constitute at least a majority of the Board of the
          entity surviving such merger or consolidation or, if the Company or
          the entity surviving such merger is then a subsidiary, the ultimate
          parent thereof; or

     (c)  the members of the Company approve a plan of complete liquidation or
          dissolution of the Company or there is consummated an agreement for
          the sale or disposition by the Company of all or substantially all of
          the Company's assets, other than (i) a sale or disposition by the
          Company of all or substantially all of the Company's assets to an
          entity, at least 50% of the combined voting power of the voting
          securities of which are owned by members of the Company following the
          completion of such transaction in substantially the same proportions
          as their ownership of the Company immediately prior to such sale or
          (ii) a sale or disposition of all or substantially all of the
          Company's assets immediately following which the individuals who
          comprise

                                       2

<PAGE>

          the Board immediately prior thereto constitute at least a majority of
          the board of directors of the entity to which such assets are sold or
          disposed or, if such entity is a subsidiary, the ultimate parent
          thereof.

Notwithstanding the foregoing, a "Change in Control" shall not be deemed to have
occurred by virtue of (x) the consummation of the Brookdale Senior Living
Transaction or (y) the consummation of any transaction or series of integrated
transactions immediately following which the members of the Company immediately
prior to such transaction or series of transactions continue to have
substantially the same proportionate ownership in an entity which owns all or
substantially all of the assets of the Company immediately following such
transaction or series of transactions.

2.9  "CODE" means the Internal Revenue Code of 1986, as amended from time to
     time, and any regulations promulgated thereunder.

2.10 "EFFECTIVE DATE" means [TBD].

2.11 "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended from
     time to time.

2.12 "GOOD REASON" means, unless otherwise provided in an employment agreement
     between the Participant and the Company, the occurrence, without the
     express prior written consent of a Participant, of any of the following
     circumstances, unless such circumstances are fully corrected by the Company
     within 30 days following written notification by a Participant (which
     written notice must be delivered within 30 days of a Participant's becoming
     aware of the occurrence of such circumstances) that he intends to terminate
     his employment for one of the reasons set forth below: (a) the failure by
     the Company to pay to a Participant any portion of a Participant's base
     salary or bonus within 30 days of the date such compensation is due (and to
     the extent such compensation is due) or (b) the relocation of a
     Participant's principal office at the Company to a location outside a 50
     mile radius from such present office location.

2.13 "INITIAL PUBLIC OFFERING" means, following the Brookdale Senior Living
     Transaction, an underwritten public offering of shares of Brookdale Senior
     Living Inc., pursuant to an effective registration statement under the
     Securities Act that covers not less than ten percent (10%) of the
     outstanding shares of Brookdale Senior Living Inc., on a fully diluted
     basis, after giving effect to the offering, which shares are approved for
     listing or quotation on the New York Stock Exchange, American Stock
     Exchange or Nasdaq National Market.

2.14 "MEMBERSHIP INTERESTS" means, with respect to any Participant, the limited
     liability company interest (as defined in the Act) of such Participant in
     the Company, as adjusted pursuant to Section 4.2 and 4.3, including each
     Participant's

                                       3

<PAGE>

     voting rights, if any, and any other rights, benefits and obligations of
     such Participant under the Plan and the Act.

2.15 "PARTICIPANT" means any employee of the Company that becomes eligible to
     participate in the Plan under Article III.

2.16 "PERMITTED TRANSFEREE" means, (a) any Affiliate ( a "FIG Affiliate") of
     Fortress Investment Group LLC, a Delaware limited liability company
     ("FIG"), (b) any managing director, general partner, director, limited
     partner, officer or employee of any FIG Affiliate, (c) any investment fund
     or other entity managed directly or indirectly by FIG or any of its
     Affiliates (a "FIG Fund"), or (d) any general partner, limited partner,
     managing member or person occupying a similar role of or with respect to
     any FIG Fund.

2.17 "PERSON" shall have the meaning given in Section 3(a)(9) of the Exchange
     Act, as modified and used in Sections 13(d) and 14(d) thereof, except that
     such term shall not include (a) the Company, its Affiliates or any of their
     respective subsidiaries, (b) a trustee or other fiduciary holding
     securities under an employee benefit plan of the Company or any of its
     Subsidiaries, (c) an underwriter temporarily holding securities pursuant to
     an offering of such securities, or (d) a corporation owned, directly or
     indirectly, by the stockholders of the Company in substantially the same
     proportions as their ownership of stock of the Company.

2.18 "PLAN" means the FEBC-ALT Investors LLC Employee Restricted Stock Plan as
     set forth herein and as amended from time to time.

2.19 "SECURITIES ACT" means the Securities Act of 1933, as amended from time to
     time.

2.20 "SECURITIES AWARDS" means awards of Membership Interests granted to
     Participants under the Plan, which Membership Interests are subject to a
     substantial risk of forfeiture within the meaning of Treasury Regulations
     section 1.83-3(c).

                                   ARTICLE III

                                  PARTICIPATION

3.1  ELIGIBILITY. Participation in the Plan shall be limited to those employees
     of the Company that have been selected by the Board, in its sole
     discretion, from time to time, to participate in the Plan.

3.2  DATE OF PARTICIPATION. Each employee that becomes eligible to participate
     under Section 3.1 shall become a Participant on the date that he or she is
     granted a Securities Award under the Plan by the Board.

                                       4

<PAGE>

                                   ARTICLE IV

                            STOCK SUBJECT TO THE PLAN

4.1  IN GENERAL. The maximum number of Membership Interests that may be issued
     pursuant to the grant or settlement of Securities Awards under the Plan
     shall be 3.33% of the Membership Interests of the Company, subject to
     adjustment as provided herein. If any Membership Interests subject to a
     Securities Award are forfeited, cancelled, exchanged or surrendered, or if
     a Securities Award otherwise terminates or expires prior to vesting, the
     unvested Membership Interests with respect to such Securities Award shall,
     to the extent of any such forfeiture, cancellation, exchange, surrender,
     termination or expiration, again be available for Securities Awards under
     the Plan.

4.2  CHANGE IN CAPITALIZATION. In the event that the Board, in its sole
     discretion, shall determine that any distribution (whether in the form of
     cash, Membership Interests, or other property), recapitalization,
     reorganization, merger, consolidation, spin-off, combination, repurchase,
     or exchange of interests, or other similar corporate transaction or event,
     affects the Membership Interests such that an adjustment is appropriate in
     order to prevent dilution or enlargement of the rights of holders of
     Securities Awards under the Plan, then the Board shall make such equitable
     changes or adjustments as it deems necessary or appropriate to any or all
     of (a) the number and kind of securities or other property (including cash)
     that may thereafter be issued in connection with Securities Awards and (b)
     the number and kind of securities or other property (including cash) issued
     or issuable in respect of outstanding Securities Awards.

4.3  ADJUSTMENT IN CONNECTION WITH BROOKDALE SENIOR LIVING TRANSACTION. Upon the
     consummation of the Brookdale Senior Living Transaction, each Membership
     Interests underlying the Securities Awards shall be automatically converted
     into such number of Brookdale Senior Living Inc. securities as the Board,
     in its sole discretion, deems appropriate. The vesting schedule of each
     Securities Award shall continue in effect following such transaction,
     except that, if a Participant becomes an employee of Brookdale Senior
     Living Inc. or any surviving or continuing entity, then service with
     Brookdale Senior Living Inc. or any surviving or continuing entity shall be
     considered service with the Company for purposes of such schedule.

                                    ARTICLE V

                                SECURITIES AWARDS

5.1  TIMING AND FORM. The Board may grant Securities Awards in such amounts and
     pursuant to such terms and conditions as the Board shall determine, subject
     to the

                                       5

<PAGE>

     provisions of the Plan. Each Securities Award granted under the Plan shall
     be evidenced by a Securities Award Agreement which shall contain such
     provisions as the Board may in its sole discretion deem necessary or
     desirable. By accepting a Securities Award, a Participant thereby agrees
     that the Securities Award shall be subject to all of the terms, conditions
     and provisions of the Plan and the applicable Award Agreement. Participants
     shall be required to pay such cash consideration in exchange for the
     Securities Awards as the Board shall determine. In addition, as a condition
     to receiving a Securities Award, the Company will require each Participant
     to enter into an Award Agreement and any and all other agreements required
     pursuant to the terms of that certain amended and restated limited
     liability company agreement of the Company, dated as of June 29, 2005, by
     and among, FIT-ALT Investors LLC, NW Select LLC and Emeritus Corporation,
     and the Company, and the Company may require a Participant to enter into a
     securitiesholders agreement and/or an employment agreement, in each case,
     in forms satisfactory to the Company. Unless otherwise provided by the
     Board in its sole discretion at the time of grant, all Securities Awards
     and Membership Interests underlying such Securities Awards shall be subject
     to the following terms.

5.2  VESTING. The vesting provisions with respect to a Securities Award shall be
     determined by the Board and set forth in the applicable Award Agreement.

5.3  TERMINATION OF EMPLOYMENT. Unless otherwise provided in an Award Agreement,
     if the Participant's employment with the Company terminates for any reason,
     then any portion of the Securities Award that has not vested as of such
     date of termination shall be forfeited to the Company without payment of
     any consideration by the Company other than the consideration paid by the
     Participant to the Company therefor, and neither the Participant nor any of
     the Participant's successors, heirs, assigns, or personal representatives
     shall thereafter have any further rights or interests in such Securities
     Award or underlying Membership Interests.

5.4  RIGHTS AS A MEMBER. From and after the date of grant of a Securities Award
     and for so long as the Membership Interests underlying a Securities Award
     are held by the Participant, the Participant shall have all the rights of a
     Member (as defined in and pursuant to the terms of that certain amended and
     restated limited liability company agreement of the Company, dated as of
     June 29, 2005, by and among, FIT-ALT Investors LLC, NW Select LLC and
     Emeritus Corporation, and the Company) with respect to the Membership
     Interests, including, but not limited to, the right to receive
     distributions and the right to vote such Membership Interests, to the
     extent applicable. If there is any distribution in kind or other change in
     character or amount of the Membership Interests, then in such event, any
     and all new, substituted or additional securities to which the Participant
     is entitled by reason of the Securities Award shall be immediately subject
     to the vesting schedule with the same force and effect as the Securities
     Award subject to such vesting schedule immediately before such event.

                                       6

<PAGE>

5.5  NONTRANSFERABILITY. Subject to Section 7.2, no Membership Interests shall
     be sold, assigned, transferred, pledged, hypothecated or otherwise disposed
     of prior to the consummation of the Initial Public Offering. Following the
     consummation of the Initial Public Offering, unvested Membership Interests
     subject to Securities Awards may not be sold, assigned, transferred,
     pledged, hypothecated or otherwise disposed of and shall be subject to a
     risk of forfeiture until such Membership Interests become vested.

                                   ARTICLE VI

                                 ADMINISTRATION

6.1  BOARD. The Plan shall be administered by the Board which shall hold
     meetings at such times as may be necessary or appropriate for the proper
     administration of the Plan. Except as otherwise provided in the Plan, the
     Board, in its sole discretion, shall have full power to construe and
     interpret the Plan and any Securities Award, including, without limitation,
     the authority to grant Securities Awards, to determine the persons to whom
     and the time or times at which Securities Awards shall be granted, to
     determine the number of Membership Interests to which a Securities Award
     may relate and the terms, conditions and restrictions relating to any Award
     and any Award Agreement, to determine whether, to what extent, and under
     what circumstances a Securities Award may be settled, canceled, forfeited,
     exchanged, or surrendered, to remedy any ambiguities and inconsistencies in
     the Plan, to prescribe, amend and rescind rules and regulations relating to
     the Plan, to perform all other acts relating to the Plan, including the
     delegation of administrative responsibilities that it believes reasonable
     and proper, and to make all other determinations deemed necessary or
     advisable for the administration of the Plan.

6.2  ADJUDICATION. Any decision made, or action taken, by the Board or the
     Company arising out of, or in connection with, the interpretation and
     administration of the Plan, including but not limited to the adjudication
     of claims with respect to Securities Awards hereunder, shall be final and
     conclusive and binding upon all Participants.

6.3  INDEMNIFICATION. No member of the Board or its delegates shall be liable
     for any action, failure to act, determination or interpretation made in
     good faith with respect to this Plan or any transaction hereunder, except
     for liability arising from his or her own willful misfeasance, gross
     negligence or reckless disregard of his or her duties. The Company hereby
     agrees to indemnify each member of the Board for all costs and expenses
     and, to the extent permitted by applicable law, any liability incurred in
     connection with defending against, responding to, negotiation for the
     settlement of or otherwise dealing with any claim, cause of action or
     dispute of any kind arising in connection with any actions in administering
     this Plan

                                       7

<PAGE>

     or in authorizing, denying authorization to, or failing to authorize any
     transaction hereunder.

                                  ARTICLE VII

                                  MISCELLANEOUS

7.1  AMENDMENT OR TERMINATION. The Company may, in its sole discretion, amend,
     modify or terminate the Plan at any time for any or no reason; provided,
     however, that no amendment that requires the approval of the Company's
     equity holders under applicable Delaware law shall be effective unless the
     same shall be approved by the requisite vote and, subject to Section 4.2
     and Section 4.3, the Company may not adversely affect the rights of any
     Participant without the consent of such Participant with respect to
     Securities Awards previously granted under the Plan. If the Company
     terminates the Plan, then no Participant shall have any further rights
     under the Plan other than rights that remain outstanding under Award
     Agreements. Unless sooner terminated, the Plan shall automatically
     terminate on the tenth anniversary of the Effective Date.

7.2  LOCK-UP. To the extent required by the Company, the Participant shall not
     transfer any securities acquired pursuant to the Plan for a period of 180
     days following the closing of an Initial Public Offering or such longer or
     shorter period of time as may be reasonably requested by the Company's
     underwriter in connection with such Initial Public Offering, or if such
     Initial Public Offering is in connection with a sale or similar corporate
     transaction, such longer period of time as may be set forth in any lock-up
     or market stand-off agreement executed by the beneficial owners of at least
     50% of the outstanding securities immediately before such sale or similar
     corporate transaction.

7.3  UNSECURED RIGHT. Any right to receive a payment under the Plan shall be no
     greater than that of an unsecured general creditor of the Company. No
     Securities Award may be assigned, transferred, encumbered or subject to any
     legal process for the payment of any claim against a Participant.

7.4  NO RIGHT TO CONTINUED EMPLOYMENT. Participation in the Plan shall not give
     any Participant any right to remain in the employ of the Company or any
     successor thereto.

7.5  COMPLIANCE WITH LEGAL REQUIREMENTS. The Plan, the granting of, and
     settlement with respect to, Securities Awards and the other obligations of
     the Company under the Plan shall be subject to all applicable federal and
     state laws, rules and regulations and to such approvals by any regulatory
     or governmental authority or agency as may be required. Membership
     Interests or other securities shall not be issued pursuant to the Plan
     unless such issuance and delivery of such Membership Interests or other
     securities pursuant thereto shall comply with all relevant

                                       8

<PAGE>

     provisions of law, including, without limitation, the Act, the Exchange
     Act, any state securities laws, and the requirements of any stock exchange
     upon which the securities may then be listed, and shall be further subject
     to the approval of counsel for the Company with respect to such compliance.
     Any purported transfer or sale of the securities by Participants shall be
     subject to restrictions on transfer imposed by any applicable state and
     federal securities laws. Any transferee shall hold such securities subject
     to all the provisions hereof.

7.6  SECTION 83 OF THE CODE. If any Participant shall, in connection with the
     grant of a Securities Award under the Plan, make the election permitted
     under Section 83(b) of the Code (i.e., an election to include in gross
     income in the year of transfer the amounts specified in Section 83(b)),
     such Participant shall notify the Company of such election within five days
     of filing notice of the election with the Internal Revenue Service, in
     addition to any filing and a notification required pursuant to regulation
     issued under the authority of Section 83(b) of the Code.

7.7  WITHHOLDING TAXES. The Participant shall be solely responsible for, and
     shall pay to the Company promptly upon request, at the time the Participant
     recognizes taxable income in respect to the Participant's Securities
     Awards, an amount equal to the federal, state, local and all other
     applicable taxes the Company determines it is required to withhold under
     applicable tax laws with respect to the Securities Awards. In lieu of
     collecting payment from the Participant, the Company may, in its sole
     discretion, withhold from the Participant's Securities Award vested
     Membership Interests net of the percentage of Membership Interests the fair
     market value of which is equal to the minimum amount of federal, state and
     local taxes required to be withheld under applicable tax laws under that
     Securities Award or under any other of the Participant's Securities Awards
     (or if the value of Membership Interests is not sufficient for this
     purpose, the Board may in its sole discretion accelerate the vesting on the
     amount of Membership Interests that would be necessary to satisfy such
     withholding requirement). The Participant understands that the Participant
     (and not the Company) shall be responsible for any tax liability that may
     arise as a result of the transactions contemplated by this Agreement. In
     addition to the foregoing, in lieu of collecting payment from the
     Participant, the Company may, in its sole discretion, withhold from the
     Participant any bonuses, loans or other payments due from the Company to
     the Participant, to the extent necessary to satisfy the Company's
     withholding obligations with respect to the Participant's Securities Award,
     bonuses, loans and other payments.

7.8  REPRESENTATION. The Board may require each person acquiring Membership
     Interests pursuant to the Plan to represent to and agree with the Company
     in writing that such person is acquiring the Membership Interests without a
     view to distribution thereof. The certificates for such Membership
     Interests may include any legend that the Board deems appropriate to
     reflect any restrictions on transfer.

                                       9

<PAGE>

7.9  GOVERNING LAW. The terms of this Plan shall be governed by and construed in
     accordance with the laws of the State of Delaware.

                                       10

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