Document:

exv10w74

Exhibit 10.74

April 12, 2011

Anthony Kobrinetz

2156 Ivy Ridge Drive

Hoffman Estates, Illinois 60192

Subject: Severance Benefits

Dear Tony:

The offer letter that PCTEL, Inc. (“Company”) and you (“Employee”) signed in March, 2010 provides
that any changes, additions or modifications to the terms of your employment can only be made in
writing signed by both parties. I am pleased to extend to you the below severance benefits which
were approved by PCTEL, Inc.’s Board of Directors on or about March 15, 2011, and which will become
effective upon your written acceptance of this letter.

	Severance Benefits

(a) Termination by Company Without Cause and Apart From Change of Control. If, either prior
to the occurrence of a Change of Control or after the twelve (12) month period following a Change
of Control, Employee’s employment is terminated (A) involuntarily by the Company for reasons other
than Cause, death or Disability, or (B) by Employee pursuant to a Voluntary Termination for Good
Reason, then Employee shall be entitled to receive the following benefits from the Company:

     (i) Salary Continuation. Employee shall continue to receive Employee’s then current
Base Salary for a period of twelve (12) months following Employee’s termination of employment by
the Company for reasons other than Cause. All such severance payments shall be paid in accordance
with the Company’s normal payroll practices. Such continuation of Employee’s Base Salary shall be
in lieu of any and all other benefits which Employee is entitled to receive on the date of
Employee’s termination of employment pursuant to any Company severance and benefit plans and
practices or pursuant to other agreements with the Company. Employee shall not be entitled to
pro-rated payment of an annual bonus.

     (ii) Benefits. Provided that Employee elects continuation coverage pursuant to the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), within the time
period prescribed pursuant to COBRA, the Company will reimburse Employee for the COBRA premiums
for continued health (i.e., medical, dental and vision) coverage for Employee and Employee’s
eligible dependents, in the same proportion and for the same level of coverage as the Company
paid/provided for Employee’s health care coverage while Employee was employed by the Company,
until the earlier of (A) twelve (12) months following the date of Employee’s termination by the
Company for reasons other than Cause (the “Termination Date”), and (B) the date upon which
Employee or Employee’s dependents become covered under another employer’s group health, dental and
vision insurance benefit plans. If Employee has not become covered under another employer’s
group health, dental and vision insurance benefit plans on or by eighteen (18) months following
the Termination Date, Employee may independently obtain health, dental and vision insurance
benefits comparable in the aggregate in scope and coverage to that provided by the Company to
Employee immediately prior to the Termination Date. In such event, the Company shall reimburse
Employee for the cost of the premiums paid for such benefits, however, not to exceed the cost of
the premiums for the COBRA coverage referenced above, until the earlier of (i) six (6) months
following the expiration of the twelve (12) month period referenced above, and (ii) the date upon
which Employee or Employee’s dependents become covered under another employer’s group health,
dental and vision insurance benefit plans. For purposes of Title X of COBRA, the date of
the qualifying event for Employee and his or her dependents shall be the
Termination Date.

 

 

     (iii) Partial Accelerated Vesting. All equity awards from the Company then
held by Employee shall partially accelerate, or if Employee is then holding unvested shares,
Company’s right to repurchase the then-unvested shares under each such equity award shall
partially lapse, with respect to the number of shares under each such award that would have become
vested or been released from such repurchase right under each respective equity award if
Employee’s employment with the Company had continued for an additional twelve (12) months
following Employee’s effective termination date for reasons other than Cause.

(b) Termination Following a Change of Control. If Employee’s employment is terminated
within twelve (12) months following a Change of Control, the severance and other benefits to which
Employee is entitled, if any, shall be governed by the Management Retention Agreement (as amended
and restated) (which includes the definition of Change of Control).

(c) Other Termination. If Employee’s employment is terminated by the Company for Cause, or
by Employee for any reason, including death or Disability but other than pursuant to a Voluntary
Termination for Good Reason, then Employee shall not be entitled to receive the severance and other
benefits discussed above, but may be eligible for those benefits (if any) as may then be required
by law or established under the Company’s severance and benefit plans and policies existing at the
time of such termination.

Separation Agreement and Release. The receipt of any severance payments or benefits
pursuant to this Letter will be subject to Employee signing and not revoking a separation agreement
and release of claims (in a form reasonably acceptable to the Company) provided that such
separation agreement and release of claims is effective within sixty (60) days following the
Termination Date. No severance pursuant to this Letter will be paid or provided until the
separation agreement and release of claims becomes effective. If the 60th day after the
Termination Date is in the subsequent calendar year, no payment will be made prior to January 1 of
such subsequent calendar year. If Employee should die before all of the severance amounts have
been paid, such unpaid amounts will be paid in a lump sum payment promptly following such event to
Employee’s designated beneficiary, if living, or otherwise to the personal representative of
Employee’s estate.

Section 409A Compliance. If Employee is a “specified employee” of the Company (or any
successor entity thereto) within the meaning of Section 409A of the Internal Revenue Code of 1986
as amended and the final regulations and any guidance promulgated thereunder (“Section 409A”) on
the date of Employee’s termination (other than a termination due to death), then the severance
payments payable to Employee, if any, under this Letter, when considered together with any other
severance payments or separation benefits that are considered deferred compensation under Section
409A (together, the “Payments”) that are delayed until the earlier of: (i) the date that is six
(6) months and one (1) day after the date of the termination or (ii) the date of Employee’s death
(such date, the “Delayed Initial Payment Date”), and the Company (or the successor entity thereto,
as applicable) shall (A) pay to Employee a lump sum amount equal to the sum of the Payments that
Employee would otherwise have received on or before the Delayed Initial Payment Date, without any
adjustment on account of such delay, if the Payments had not been delayed pursuant to this section,
and (B) pay the balance of the Payments in accordance with any applicable payment schedules set
forth herein. Notwithstanding anything herein to the contrary, if Employee dies following his or
her termination but prior to the six (6) month anniversary of Employee’s termination, then any
Payments delayed in accordance with this clause will be payable in a lump sum as soon as
administratively practicable after the date of Employee’s death and all other Payments will be
payable in accordance with the payment schedule applicable to each payment or benefit.

Definition of Terms:

The following terms referred to in this letter agreement shall have the following meanings:

 

 

Base Salary. “Base Salary” shall mean an amount equal to the Employee’s Company annual salaried
compensation.

Cause. “Cause” shall mean (i) an act of personal dishonesty taken by the Employee in connection
with his responsibilities as an Employee and intended to result in substantial personal
enrichment of the Employee, (ii) Employee being convicted of a felony, (iii) a willful act by
the Employee which constitutes gross misconduct and which is injurious to the Company, (iv)
following delivery to the Employee of a written demand for performance from the Company which
describes the basis for the Company’s reasonable belief that the Employee has not
substantially performed his duties, continued violations by the Employee of the Employee’s
obligations to the Company which are demonstrably willful and deliberate on the Employee’s
part.

Change of Control. “Change of Control” is as defined in the Management Retention Agreement (as
amended and restated) entered into between Company and Employee.

Disability. “Disability” shall mean that the Employee has been unable to perform his Company
duties as the result of his incapacity due to physical or mental illness, and such inability,
at least 26 weeks after its commencement, is determined to be total and permanent by a
physician selected by the Company or its insurers and acceptable to the Employee or the
Employee’s legal representative (such agreement as to acceptability not to be unreasonably
withheld). Termination resulting from Disability may only be effected after at least 30 days’
written notice by the Company of its intention to terminate the Employee’s employment. In the
event that the Employee resumes the performance of substantially all of his duties hereunder
before the termination of his employment becomes effective, the notice of intent to terminate
shall automatically be deemed to have been revoked.

Voluntary Termination for Good Reason. “Voluntary Termination for Good Reason” shall mean
Employee voluntarily resigns within thirty (30) days following the expiration of any cure period
(as discussed below) after the occurrence of any of the following events, without Employee’s
written consent: (i) a material diminution by the Company in the Base Salary of Employee as in
effect immediately prior to such reduction (other than a reduction that generally applies to
Company officers and/or managers); (ii) a material change in the geographic location at which
Employee must perform service (in other words, the relocation of Employee to a facility or a
location more than thirty-five (35) miles from Employee’s then present location); or (iii) any
other action or inaction that constitutes a material breach by the Company of Employee’s employment
arrangement. Provider, however, that before Employee’s employment may be terminated by a Voluntary
Termination for Good Reason, (A) Employee must provide written notice to the Company within ninety
(90) days of the initial existence of the Voluntary Termination for Good Reason condition setting
forth the reasons for Employee’s intention to terminate his employment as a resolute of a Voluntary
Termination for Good Reason and (B) the Company must have an opportunity within thirty (30) days
following delivery of such notice to cure the Voluntary Termination for Good Reason Condition. For
the avoidance of doubt, the voluntary resignation by Employee after the occurrence of either of the
following shall not constitute grounds for a “Voluntary Termination for Good Reason”: (1) a
reduction of the Employee’s duties, title, authority or responsibilities, relative to the
Employee’s duties, title, authority or responsibilities as in effect immediately prior to such
reduction, as a result of (i) the Company being acquired and made part of a larger entity, (ii) a
restructuring of the Company and/or its subsidiaries, or a restructuring of the Company’s
employees’ functions, and/or reporting relationships; or (2) a material reduction, without good
business reasons, of the facilities or perquisites (including office space and location) available
to the Employee immediately prior to such reduction.

Notwithstanding anything herein to the contrary, the Company agrees that it will not materially
reduce Employee’s aggregate level of Employee benefits, including bonuses, to which Employee was
entitled immediately prior to such reduction with the result that Employee’s aggregate benefits
package is

 

 

materially reduced (other than a reduction that generally applies to Company officers and/or
managers).

Please indicate your acceptance to the above and foregoing by signing and returning to me the
enclosed copy of this letter. Thank you.

Very truly yours,

	 	 	 	 	 
	/s/ Martin H. Singer
 	 
	Martin H. Singer 	 
	 
	Accept and Agree to the above and foregoing

this 12th day of April, 2011.

 	 
	/s/ Anthony Kobrinetz
 	 
	Anthony KobrinetzExhibit 10.1

Exhibit 10.1

MASTER LEASE AGREEMENT

(MASTER LEASE #3)

BETWEEN

901 FLORSHEIM DRIVE, LLC,

504 NORTH RIVER ROAD, LLC,

6949 MAIN STREET, LLC AND

41 SPRINGFIELD AVENUE, LLC

AND

CAPITAL SPRING MEADOWS, LLC

April 8, 2011

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	SECTION	 	PAGE	 
	 
	 	 	 	 
	ARTICLE 1: LEASED PROPERTY, TERM AND DEFINITIONS
	 	 	1	 
	1.1 Leased Property
	 	 	1	 
	1.2 Indivisible Lease
	 	 	1	 
	1.3 Term
	 	 	2	 
	1.4 Definitions
	 	 	2	 
	1.5 Landlord as Agent
	 	 	14	 
	 
	 	 	 	 
	ARTICLE 2: RENT
	 	 	14	 
	2.1 Base Rent
	 	 	14	 
	2.2 Base Rent Adjustments
	 	 	14	 
	2.2.1 Annual Increase of Base Rent
	 	 	14	 
	2.2.2 Additional Landlord Payments
	 	 	15	 
	2.3 Additional Charges
	 	 	15	 
	2.4 Place of Payment of Rent
	 	 	15	 
	2.5 Net Lease
	 	 	15	 
	2.6 No Termination, Abatement, Etc.
	 	 	16	 
	 
	 	 	 	 
	ARTICLE 3: IMPOSITIONS AND UTILITIES
	 	 	16	 
	3.1 Payment of Impositions
	 	 	16	 
	3.2 Definition of Impositions
	 	 	17	 
	3.3 Escrow of Impositions
	 	 	18	 
	3.4 Utilities
	 	 	18	 
	3.5 Discontinuance of Utilities
	 	 	18	 
	3.6 Business Expenses
	 	 	18	 
	3.7 Permitted Contests
	 	 	18	 
	 
	 	 	 	 
	ARTICLE 4: INSURANCE
	 	 	19	 
	4.1 Property Insurance
	 	 	19	 
	4.2 Liability Insurance
	 	 	20	 
	4.3 Builder’s Risk Insurance
	 	 	21	 
	4.4 Insurance Requirements
	 	 	21	 
	4.5 Replacement Value
	 	 	22	 
	4.6 Blanket Policy
	 	 	22	 
	4.7 No Separate Insurance
	 	 	22	 
	4.8 Waiver of Subrogation
	 	 	22	 
	4.9 Mortgages
	 	 	23	 
	4.10 Escrows
	 	 	23	 
	 
	 	 	 	 
	ARTICLE 5: INDEMNITY
	 	 	23	 
	5.1 Tenant’s Indemnification
	 	 	23	 
	5.1.1 Notice of Claim
	 	 	24	 
	5.1.2 Survival of Covenants
	 	 	24	 

 

(i)

 

	 	 	 	 	 
	SECTION	 	PAGE	 
	 
	 	 	 	 
	5.1.3 Reimbursement of Expenses
	 	 	24	 
	5.2 Environmental Indemnity; Audits
	 	 	24	 
	5.3 Indemnitor Indemnification
	 	 	25	 
	5.3.1 Notice of Claim
	 	 	26	 
	5.3.2 Survival of Covenants
	 	 	26	 
	5.3.3 Reimbursement of Expenses
	 	 	26	 
	5.4 Limitation of Landlord’s Liability
	 	 	26	 
	 
	 	 	 	 
	ARTICLE 6: USE AND ACCEPTANCE OF PREMISES
	 	 	26	 
	6.1 Use of Leased Property
	 	 	26	 
	6.2 Acceptance of Leased Property
	 	 	27	 
	6.3 Conditions of Use and Occupancy
	 	 	27	 
	 
	 	 	 	 
	ARTICLE 7: MAINTENANCE AND MECHANICS’ LIENS
	 	 	27	 
	7.1 Maintenance
	 	 	27	 
	7.2 Required Alterations
	 	 	28	 
	7.3 Mechanic’s Liens
	 	 	28	 
	7.4 Replacements of Fixtures and Landlord’s Personal Property
	 	 	28	 
	 
	 	 	 	 
	ARTICLE 8: DEFAULTS AND REMEDIES
	 	 	29	 
	8.1 Events of Default
	 	 	29	 
	8.2 Remedies
	 	 	31	 
	8.3 Right of Setoff
	 	 	33	 
	8.4 Performance of Tenant’s Covenants
	 	 	34	 
	8.5 Late Payment Charge
	 	 	34	 
	8.6 Default Rent
	 	 	34	 
	8.7 Attorneys’ Fees
	 	 	34	 
	8.8 Escrows and Application of Payments
	 	 	34	 
	8.9 Remedies Cumulative
	 	 	35	 
	8.10 Waivers
	 	 	35	 
	8.11 Obligations Under the Bankruptcy Code
	 	 	35	 
	 
	 	 	 	 
	ARTICLE 9: DAMAGE AND DESTRUCTION
	 	 	35	 
	9.1 Notice of Casualty
	 	 	35	 
	9.2 Substantial Destruction
	 	 	36	 
	9.3 Partial Destruction
	 	 	37	 
	9.4 Restoration
	 	 	37	 
	9.5 Insufficient Proceeds
	 	 	38	 
	9.6 Not Trust Funds
	 	 	38	 
	9.7 Landlord’s Inspection
	 	 	38	 
	9.8 Landlord’s Costs
	 	 	38	 
	9.9 No Rent Abatement
	 	 	38	 
	9.10 Assumed Mortgage
	 	 	38	 
	 
	 	 	 	 
	ARTICLE 10: CONDEMNATION
	 	 	39	 
	10.1 Total Taking
	 	 	39	 
	10.2 Partial Taking
	 	 	39	 

 

(ii)

 

	 	 	 	 	 
	SECTION	 	PAGE	 
	 
	 	 	 	 
	10.3 Condemnation Proceeds Not Trust Funds
	 	 	40	 
	10.4 Assumed Mortgage
	 	 	40	 
	 
	 	 	 	 
	ARTICLE 11: TENANT’S PROPERTY
	 	 	40	 
	11.1 Tenant’s Property
	 	 	40	 
	11.2 Requirements for Tenant’s Property
	 	 	40	 
	 
	 	 	 	 
	ARTICLE 12: RENEWAL OPTIONS
	 	 	42	 
	12.1 Renewal Options
	 	 	42	 
	12.2 Effect of Renewal
	 	 	42	 
	 
	 	 	 	 
	ARTICLE 13: OPTION TO PURCHASE
	 	 	42	 
	13.1 Option to Purchase
	 	 	42	 
	13.2 Option Price
	 	 	43	 
	13.3 Fair Market Value
	 	 	44	 
	13.4 Closing
	 	 	45	 
	13.5 Failure to Close Option
	 	 	45	 
	13.6 Failure to Exercise Option to Purchase and Renewal Option
	 	 	45	 
	 
	 	 	 	 
	ARTICLE 14: NEGATIVE COVENANTS
	 	 	46	 
	14.1 No Debt
	 	 	46	 
	14.2 No Liens
	 	 	46	 
	14.3 No Guaranties
	 	 	46	 
	14.4 No Transfer
	 	 	46	 
	14.5 No Dissolution
	 	 	46	 
	14.6 No Change in Management or Operation
	 	 	46	 
	14.7 No Investments
	 	 	46	 
	14.8 Contracts
	 	 	46	 
	14.9 Subordination of Payments to Affiliates
	 	 	47	 
	14.10 Change of Location or Name
	 	 	47	 
	14.11 Anti-Terrorism Laws
	 	 	47	 
	 
	 	 	 	 
	ARTICLE 15: AFFIRMATIVE COVENANTS
	 	 	47	 
	15.1 Perform Obligations
	 	 	47	 
	15.2 Proceedings to Enjoin or Prevent Construction
	 	 	47	 
	15.3 Documents and Information
	 	 	47	 
	15.3.1 Furnish Documents
	 	 	47	 
	15.3.2 Furnish Information
	 	 	48	 
	15.3.3 Further Assurances and Information
	 	 	48	 
	15.3.4 Material Communications
	 	 	48	 
	15.3.5 Requirements for Financial Statements
	 	 	49	 
	15.4 Compliance With Laws
	 	 	49	 
	15.5 Broker’s Commission
	 	 	49	 
	15.6 Existence and Change in Ownership
	 	 	49	 
	15.7 Financial Covenants
	 	 	50	 
	15.7.1 Definitions
	 	 	50	 
	15.7.2 Coverage Ratio
	 	 	50	 

 

(iii)

 

	 	 	 	 	 
	SECTION	 	PAGE	 
	 
	 	 	 	 
	15.7.3 Net Worth
	 	 	50	 
	15.8 Facility Licensure and Certification
	 	 	50	 
	15.9 Transfer of License and Facility Operations
	 	 	51	 
	15.9.1 Licensure
	 	 	51	 
	15.9.2 Facility Operations
	 	 	51	 
	15.10 Bed Operating Rights
	 	 	51	 
	15.11 Power of Attorney
	 	 	52	 
	15.12 Information and Images
	 	 	52	 
	15.13 Compliance with Anti-Terrorism Laws
	 	 	52	 
	15.14 Assumed Obligations
	 	 	53	 
	 
	 	 	 	 
	ARTICLE 16: ALTERATIONS, CAPITAL IMPROVEMENTS, AND SIGNS
	 	 	54	 
	16.1 Prohibition on Alterations and Improvements
	 	 	54	 
	16.2 Approval of Alterations
	 	 	54	 
	16.3 Permitted Alterations
	 	 	55	 
	16.4 Requirements for Permitted Alterations
	 	 	55	 
	16.5 Ownership and Removal of Permitted Alterations
	 	 	56	 
	16.6 Minimum Qualified Capital Expenditures
	 	 	56	 
	16.7 Signs
	 	 	56	 
	 
	 	 	 	 
	ARTICLE 17: RESERVED
	 	 	56	 
	 
	 	 	 	 
	ARTICLE 18: ASSIGNMENT AND SALE OF LEASED PROPERTY
	 	 	56	 
	18.1 Prohibition on Assignment and Subletting
	 	 	56	 
	18.2 Requests for Landlord’s Consent to Assignment, Sublease or Management Agreement
	 	 	57	 
	18.3 Agreements with Residents
	 	 	58	 
	18.4 Sale of Leased Property
	 	 	58	 
	18.5 Assignment by Landlord
	 	 	58	 
	 
	 	 	 	 
	ARTICLE 19: HOLDOVER AND SURRENDER
	 	 	58	 
	19.1 Holding Over
	 	 	58	 
	19.2 Surrender
	 	 	59	 
	19.3 Indemnity
	 	 	59	 
	 
	 	 	 	 
	ARTICLE 20: LETTER OF CREDIT
	 	 	59	 
	20.1 Terms of Letter of Credit
	 	 	59	 
	20.2 Replacement Letter of Credit
	 	 	59	 
	20.3 Draws
	 	 	60	 
	20.4 Partial Draws
	 	 	60	 
	20.5 Substitute Letter of Credit
	 	 	60	 
	20.6 Retention of Letter of Credit 
	 	 	61	 
	 
	 	 	 	 
	ARTICLE 21: QUIET ENJOYMENT, SUBORDINATION, ATTORNMENT AND ESTOPPEL CERTIFICATES
	 	 	61	 
	21.1 Quiet Enjoyment
	 	 	61	 
	21.2 Subordination
	 	 	61	 

 

(iv)

 

	 	 	 	 	 
	SECTION	 	PAGE	 
	 
	 	 	 	 
	21.3 Attornment
	 	 	61	 
	21.4 Estoppel Certificates
	 	 	62	 
	21.5 Subordination, Non-Disturbance and Attornment Agreement
	 	 	62	 
	 
	 	 	 	 
	ARTICLE 22: CONTINGENT PAYMENTS
	 	 	62	 
	22.1 Contingent Payments
	 	 	62	 
	22.2 Contingent Payments for Capital Expenditures
	 	 	63	 
	22.2.1 Conditions
	 	 	63	 
	22.2.2 No Commitment
	 	 	63	 
	22.3 Contingent Payments for Project Improvements
	 	 	63	 
	22.3.1 Conditions
	 	 	63	 
	22.3.2 No Commitment
	 	 	63	 
	 
	 	 	 	 
	ARTICLE 23: SECURITY INTEREST
	 	 	63	 
	23.1 Collateral
	 	 	63	 
	23.2 Additional Documents
	 	 	64	 
	23.3 Notice of Sale
	 	 	64	 
	23.4 Recharacterization
	 	 	64	 
	23.5 Deposit Accounts
	 	 	65	 
	 
	 	 	 	 
	ARTICLE 24: MISCELLANEOUS
	 	 	65	 
	24.1 Notices
	 	 	65	 
	24.2 Advertisement of Leased Property
	 	 	65	 
	24.3 Entire Agreement
	 	 	65	 
	24.4 Severability
	 	 	65	 
	24.5 Captions and Headings
	 	 	65	 
	24.6 Governing Law
	 	 	66	 
	24.7 Memorandum of Lease
	 	 	66	 
	24.8 Waiver
	 	 	66	 
	24.9 Binding Effect
	 	 	66	 
	24.10 No Offer
	 	 	66	 
	24.11 Modification
	 	 	66	 
	24.12 Landlord’s Modification
	 	 	66	 
	24.13 No Merger
	 	 	67	 
	24.14 Laches
	 	 	67	 
	24.15 Limitation on Tenant’s Recourse
	 	 	67	 
	24.16 Construction of Lease
	 	 	67	 
	24.17 Counterparts
	 	 	67	 
	24.18 Landlord’s Consent
	 	 	67	 
	24.19 Custody of Escrow Funds
	 	 	67	 
	24.20 Landlord’s Status as a REIT
	 	 	67	 
	24.21 Exhibits
	 	 	67	 
	24.22 Waiver of Jury Trial
	 	 	68	 
	24.23 Consent to Jurisdiction
	 	 	68	 
	24.24 Attorney’s Fees and Expenses
	 	 	68	 
	24.25 Survival
	 	 	69	 
	24.26 Time
	 	 	69	 

 

(v)

 

	 	 	 	 	 
	SECTION	 	PAGE	 
	 
	 	 	 	 
	24.27 Subtenant
	 	 	69	 

	 	 	 
	SCHEDULE 1:

	 	INITIAL RENT SCHEDULE
	EXHIBIT A:

	 	LEGAL DESCRIPTIONS
	EXHIBIT B:

	 	PERMITTED EXCEPTIONS
	EXHIBIT C:

	 	FACILITY INFORMATION
	EXHIBIT D:

	 	LANDLORD’S PERSONAL PROPERTY
	EXHIBIT E:

	 	DOCUMENTS TO BE DELIVERED
	EXHIBIT F:

	 	FINANCIAL CERTIFICATION
	EXHIBIT G:

	 	ANNUAL CAPITAL EXPENDITURE CERTIFICATE
	EXHIBIT H:

	 	WIRE TRANSFER INSTRUCTIONS
	EXHIBIT I:

	 	CONTINGENT PAYMENT REQUEST
	EXHIBIT J:

	 	SNDA FORM
	EXHIBIT K:

	 	ASSUMED OBLIGATIONS
	EXHIBIT L:

	 	FORM FOR QUALIFIED CAPITAL EXPENDITURES REPORTING
	EXHIBIT M:

	 	ANNUAL FACILITY CONFIGURATION CERTIFICATE

 

(vi)

 

MASTER LEASE AGREEMENT

(MASTER LEASE #3)

THIS MASTER LEASE AGREEMENT (“Lease”) is made effective as of April 8, 2011 (the “Effective
Date”) between 901 FLORSHEIM DRIVE, LLC, (“HCN-Libertyville” and a “Landlord” as further defined
in §1.4 below), 504 NORTH RIVER ROAD, LLC (“HCN-Naperville” and a “Landlord”), 6949 MAIN STREET,
LLC (“HCN-Trumbull” and a “Landlord”), and 41 SPRINGFIELD AVENUE, LLC (“HCN-Summit” and a
“Landlord”), each a limited liability company organized under the laws of the State of Delaware,
and each having its principal office located at 4500 Dorr Street, Toledo, Ohio 43615-4040, and
CAPITAL SPRING MEADOWS, LLC a limited liability company organized under the laws of the State of
Delaware (“Tenant”), having its chief executive office located at 14160 Dallas Parkway, Suite 300,
Dallas, Texas 75254.

RECITALS

A. Landlord has acquired the Leased Property (defined below).

B. Landlord desires to lease the Leased Property to Tenant and Tenant desires to lease the
Leased Property from Landlord upon the terms set forth in this Lease.

NOW, THEREFORE, Landlord and Tenant agree as follows:

ARTICLE 1: LEASED PROPERTY, TERM AND DEFINITIONS

1.1 Leased Property. Landlord hereby leases to Tenant and Tenant hereby leases from
Landlord the Leased Property, subject, however, to the Permitted Exceptions and subject to the
terms and conditions of this Lease.

1.2 Indivisible Lease. This Lease constitutes one indivisible lease of the entire
Leased Property. The Leased Property constitutes one economic unit and the Base Rent and all other
provisions have been negotiated and agreed to based on a lease of all of the Leased Property as a
single, composite, inseparable transaction. This Lease would not have been made on these terms if
it was not a single indivisible lease. Except as expressly provided herein for specific, isolated
purposes (and then only to the extent expressly otherwise stated), all provisions of this Lease
shall apply equally and uniformly to all the Leased Property as one unit and any Event of Default
under this Lease is an Event of Default as to the entire Leased Property. The parties intend that
the provisions of this Lease shall at all times be construed, interpreted and applied so as to
carry out their mutual objective to create a single indivisible lease of all the Leased Property
and, in particular but without limitation, that for purposes of any assumption, rejection or
assignment of this Lease under the Bankruptcy Code, this is one indivisible and nonseverable lease
and executory contract dealing with one legal and economic unit which must be assumed, rejected or
assigned as a whole with respect to all (and only all) the Leased Property covered hereby. The
parties agree that the existence of more than one Landlord under this Lease does not affect the
indivisible, nonseverable nature of this Lease. The parties may amend this Lease from time to time
to include one or more additional Facility Properties as part of the

 

 

 

Leased Property and such future addition to the Leased Property shall not in any way change the
indivisible and nonseverable nature of this Lease and all of the foregoing provisions shall
continue to apply in full force. Notwithstanding the foregoing, from time to time, at the request
of Tenant, Landlord shall consider in good faith any reasonable request of Tenant to release one or
more Facilities from this Lease; provided, however, that the final decision as to any such release
shall be in the sole discretion of Landlord.

1.3 Term. The initial term (“Initial Term”) of this Lease commences on the Effective
Date and expires at 12:00 Midnight Eastern Time on the day before the fifteenth anniversary of the
Commencement Date (the “Expiration Date”); provided, however, that [i] Tenant has one or more
options to renew the Lease pursuant to Article 12, and [ii] that any addition to the Leased
Property pursuant to amendment of this Lease shall extend the Initial Term so that the Initial Term
shall expire on the day before the fifteenth anniversary of the Amendment Commencement Date as set
forth in such amendment. Notwithstanding the foregoing, for so long as the Assumed Obligations are
outstanding, Landlord has agreed for the benefit of Lender not to add any additional Leased
Property to this Lease.

1.4 Definitions. Except as otherwise expressly provided, [i] the terms defined in this
section have the meanings assigned to them in this section and include the plural as well as the
singular; [ii] all accounting terms not otherwise defined herein have the meanings assigned to them
in accordance with generally accepted accounting principles as of the time applicable; and [iii]
the words “herein”, “hereof” and “hereunder” and similar words refer to this Lease as a whole and
not to any particular section.

“Acquisition Payment” means any payment by Landlord to acquire Leased
Property.

“Actual Rate of Return” means, as of any Rent Adjustment Date, the Initial Rate of Return plus
the sum of the annual Increaser Rates before that Rent Adjustment Date.

“ADA” means the federal statute entitled Americans with Disabilities Act, 42 U.S.C. §12101, et
seq.

“Additional Charges” has the meaning set forth in §2.3.

“Adjusted Allocated Base Year Resident Revenues” means, for a particular Facility, the
Allocated Base Year Resident Revenues for such Facility, adjusted as described in the definition of
“Adjusted Base Year Resident Revenues” for closures, removals, deletions and/or reductions in
licensed units.

“Adjusted Base Year Resident Revenues” means the Base Year Resident Revenues from the Leased
Property, adjusted as follows. Without limitation of any other provision of this Lease, [i] if a
particular Facility or Facilities included in the Leased Property, for any period after the
Commencement Date, is closed for any reason, or is removed or deleted from this Lease, the Base
Year Resident Revenues that correspond to any such closed, removed or deleted Facility or
Facilities (and, in the case of a partial period closure or a mid-period removal or deletion, the
Base Year Resident Revenues that correspond to any such closed, removed or deleted Facility or
Facilities for the days or months such Facility or Facilities were

 

2

 

closed, removed or deleted) shall be excluded from Base Year Resident Revenues
(and, correspondingly, from the Allocated Base Year Resident Revenues relative to the
affected Facility(ies)) in order to arrive at “Adjusted Base Year Resident Revenues”,
(and, correspondingly, “Adjusted Allocated Base Year Resident Revenues” relative to the
affected Facility(ies)) and [ii] if the number of licensed units at any Facility is
reduced at any time from and after the Commencement Date, the Base Year Resident Revenues
(and the Allocated Base Year Resident Revenues for the applicable Facility) shall be
reduced proportionally (and, in the case of a mid-period reduction in the number of
licensed units, on a prorated basis) to reflect such reduction in the number of licensed
units as if such licensed units had not been part of the Facility for the first Lease
Year (or a portion of such Lease Year, in the case of a mid-period reduction in the
number of licensed units).

“Affiliate” means any person, corporation, partnership, limited liability company, trust, or
other legal entity that, directly or indirectly, controls, or is controlled by, or is under common
control with Tenant or Guarantor. “Control” (and the correlative meanings of the terms “controlled
by” and “under common control with”) means the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of such entity. “Affiliate” includes,
without limitation, each Guarantor.

“Allocated Base Year Resident Revenues” means, for the Leased Property, the Base Year Resident
Revenues for the Leased Property as forth on Exhibit C to the Lease.

“Amendment Commencement Date” means the Amendment Effective Date if such date is the first day
of a month, and if it is not, the first day of the first month following the Amendment Effective
Date.

“Amendment Effective Date” means the Amendment Effective Date set forth in the introductory
paragraph of an amendment to this Lease.

“Annual Facility Budget” means Tenant’s projection of the Facility Financial Statement for the
next fiscal year (or the 12-month rolling forward period, if applicable).

“Annual Financial Statements” means [i] for Tenant and Subtenant, an unaudited balance sheet,
statement of income and statement of cash flows for the most recent fiscal year on an individual
facility and consolidated basis; [ii] for each Facility, an unaudited Facility Financial Statement
for the most recent fiscal year; and [iii] for each Guarantor, an unaudited balance sheet and
statement of income for the most recent fiscal year.

“Annual Rent Increase” means, as of any Rent Adjustment Date, the product of [i] the
Investment Amount as of the Rent Adjustment Date times [ii] the applicable Increaser Rate. In no
event will the Annual Rent Increase be negative.

“Anti-Terrorism Laws” means any laws or regulations relating to terrorism, money laundering or
similar activities, including, without limitation, Executive Order 13224, the U.S. Patriot Act, the
laws comprising the Bank Secrecy Act, or the laws administered by OFAC.

“Article 9” means Article 9 of the Uniform Commercial Code as adopted in the
State of Ohio.

 

3

 

“Assumed Mortgage” means, individually and collectively, those certain deeds of
trust or mortgages securing the Assumed Notes that establish a lien on an Encumbered
Facility, as further described on Exhibit K attached hereto.

“Assumed Note” means, individually and collectively, those certain promissory notes
as further described on Exhibit K attached hereto.

“Assumed Obligations” means all obligations, liabilities, costs and expenses
(including, but not limited to, reasonable attorneys’, accountants’ and administrative
fees) of Landlord arising from or related to requirements imposed under the Assumed
Mortgage, the Assumed Note and any related documents, including, but not limited to,
requirements related to record keeping, accounting, reporting, auditing and regulatory
compliance for the Encumbered Facility and the Leased Property relating thereto.

“Bankruptcy Code” means the United States Bankruptcy Code set forth in 11 U.S.C.
§101, et seq., as amended from time to time.

“Base Rent” has the meaning set forth in §2.1, as increased from time to time
pursuant to §2.2.

“Base Year Resident Revenues” for any Facility means Resident Revenues from such
Facility for a recent twelve month period as of the applicable Facility Effective Date,
as set forth on Exhibit C hereto.

“Blocked Person” means a person or entity with whom Landlord is restricted by the
Anti-Terrorism Laws or by reason of inclusion on the OFAC Lists from transacting business
of the type contemplated by this Lease.

“Business Day” means any day other than a Saturday, Sunday, or national holiday.

“CERCLA” means the Comprehensive Environmental Response, Compensation and Liability
Act of 1980, as amended from time to time.

“Closing” means the applicable closing of the lease of the Leased Property to
Tenant.

“CMS” means the federal agency known as the Centers for Medicare & Medicaid Services
within the U.S. Department of Health & Human Services.

“Collateral” has the meaning set forth in §23.1.

“Commencement Date” means the Effective Date if such date is the first day of a
month, and if it is not, the first day of the first month following the Effective Date.

“Commitment” means the Term Sheet for the Lease dated November 29, 2010.

 

4

 

“Company” means Capital Senior Living Corporation, a corporation organized under the
laws of the State of Delaware.

“Contingent Payment Request” means Tenant’s written request for a Contingent Payment
on the form attached as Exhibit I.

“Contingent Payment” means any payment by Landlord pursuant to the terms of this
Lease excluding Acquisition Payments.

“Default Rent” has the meaning set forth in §8.6.

“Disbursing Agreement” means any Disbursing Agreement between Landlord and Tenant
setting forth the terms and conditions pursuant to which Landlord shall make Contingent
Payments to Tenant for certain Project Improvements and any amendments thereto or
substitutions and replacements therefor.

“Effective Date” means the date of this Lease.

“Encumbered Facility” means each Facility which is subject to an Assumed Mortgage,
as identified on Exhibit C hereto.

“Environmental Laws” means all federal, state, and local laws, ordinances and
policies the purpose of which is to protect human health and the environment, as amended
from time to time, including, but not limited to, [i] CERCLA; [ii] the Resource
Conservation and Recovery Act; [iii] the Hazardous Materials Transportation Act; [iv] the
Clean Air Act; [v] Clean Water Act; [vi] the Toxic Substances Control Act; [vii] the
Occupational Safety and Health Act; [viii] the Safe Drinking Water Act; and [ix]
analogous state laws and regulations.

“Escrow Payments” means all payments required to be made to escrow or reserve
accounts required or established pursuant to the Assumed Mortgage, including, but not
limited to, escrow or reserve accounts for real estate taxes and impositions, mortgage
insurance, sinking fund, property insurance and replacement reserves.

“Event of Default” has the meaning set forth in §8.1.

“Expiration Date” has the meaning set forth in §1.3.

“Facility” means each facility located on a portion of the Land, including the
Facility Property associated with such Facility. References in this Lease to “the
Facility” shall mean each Facility individually unless expressly stated otherwise.

“Facility Effective Date” means, as to any Facility, the date upon which such
Facility becomes subject to this Lease.

“Facility Financial Statement” means a financial statement for each Facility which
shall include the balance sheet, statement of income, statement of cash flows, occupancy
census data (including payor mix), statement of capital expenditures and a detailed
listing of Qualified Capital Expenditures in the form attached hereto as Exhibit L.
Statement of income shall be in

 

5

 

substantially the form utilized as of the Effective Date and shall include [i] a
comparison of actual and budgeted revenues and expenses for the current period,
year-to-date and year over year; and [ii] a breakdown of patient and other revenues
itemized by payor type.

“Facility Name” means the name under which a Facility has done business during the Term. The
Facility Name in use by each Facility on the Effective Date is set forth on the attached Exhibit
C.

“Facility Property” means the portion of the Land on which a Facility is located, the legal
description of which is set forth beneath the applicable Facility Name on Exhibit A, the
Improvements on such portion of the Land, the Related Rights with respect to such portion of the
Land, and Landlord’s Personal Property with respect to such Facility.

“Facility State” means the State in which a respective Facility is located.

“Facility States” means, collectively, the States in which the Leased Property is
located.

“Facility Uses” means the uses relating to the operation of a Facility as a facility of the
type and operating the number of beds and units set forth on Exhibit C with respect to such
Facility.

“Fair Market Value” has the meaning set forth in §13.3.

“Fixtures” means all permanently affixed equipment, machinery, fixtures and other items of
real and/or personal property (excluding Landlord’s Personal Property), including all components
thereof, now and hereafter located in, on or used in connection with, and permanently affixed to or
incorporated into the Improvements, including, without limitation, all furnaces, boilers, heaters,
electrical equipment, heating, plumbing, lighting, ventilating, refrigerating, incineration, air
and water pollution control, waste disposal, air-cooling and air-conditioning systems and
apparatus, sprinkler systems and fire and theft protection equipment, built-in oxygen and vacuum
systems, towers and other devices for the transmission of radio, television and other signals, all
of which, to the greatest extent permitted by law, are hereby deemed by the parties hereto to
constitute real estate, together with all replacements, modifications, alterations and additions
thereto.

“Government Authorizations” means all permits, licenses, approvals, consents, and
authorizations required to comply with all Legal Requirements, including, but not limited to, [i]
zoning permits, variances, exceptions, special use permits, conditional use permits, and consents;
[ii] the permits, licenses, provider agreements and approvals required for licensure and operation
of each Facility in accordance with its respective Facility Uses and certified as a provider under
the federal Medicare and state Medicaid programs, as applicable;
[iii] environmental, ecological, coastal, wetlands, air, and water permits, licenses, and consents;
[iv] curb cut, subdivision, land use, and planning permits, licenses, approvals and consents;
[v] building, sign, fire, health, and safety permits, licenses, approvals, and consents; and
[vi] architectural reviews, approvals, and consents required under restrictive covenants.

“Guarantor” means Indemnitor and Subtenant, individually and collectively.

 

6

 

“Guaranty” means each Unconditional and Continuing Lease Guaranty entered into by a Guarantor
to guarantee payment and performance of the Obligor Group Obligations and any amendments thereto
or substitutions or replacements therefor.

“Hazardous Materials” means any substance [i] the presence of which poses a hazard to the
health or safety of persons on or about the Land, including, but not limited to, asbestos
containing materials; [ii] which requires removal or remediation under any Environmental Law,
including, without limitation, any substance which is toxic, explosive, flammable, radioactive, or
otherwise hazardous; or [iii] which is regulated under or classified under any Environmental Law
as hazardous or toxic, including, but not limited to, any substance within the meaning of
“hazardous substance”, “hazardous material”, “hazardous waste”, “toxic substance”, “regulated
substance”, “solid waste” or “pollutant” as defined in any Environmental Law.

“HCN” means Health Care REIT, Inc., a corporation organized under the laws of the State of
Delaware.

“HCN-Libertyville” means 901 Florsheim Drive, LLC, a limited liability company organized under
the laws of the State of Delaware.

“HCN-Naperville” means 504 North River Road, LLC, a limited liability company organized under
the laws of the State of Delaware.

“HCN-Summit” means 41 Springfield Avenue, LLC, a limited liability company organized under the
laws of the State of Delaware.

“HCN-Trumbull” means 6949 Main Street, LLC, a limited liability company organized under the
laws of the State of Delaware.

“HIPDB” means the Healthcare Integrity and Protection Data Bank maintained by the Department
of Health and Human Services.

“Impositions” has the meaning set forth in §3.2.

“Improvements” means all buildings, structures, Fixtures and other improvements of every kind
on any portion of the Land, including, but not limited to, alleys, sidewalks, utility pipes,
conduits and lines (on-site and off-site), parking areas and roadways appurtenant to such buildings
and structures, now or hereafter situated upon any portion of the Land.

“Increaser Rate” means, as of any Rent Adjustment Date, three percent of the then applicable
Actual Rate of Return.

“Indemnitor” means Capital Senior Living Properties, Inc., a corporation organized under the
laws of the State of Texas.

“Initial Rate of Return” means Landlord’s rate of return for the first Lease Year as set forth
on the Rent Schedule.

 

7

 

“Initial Term” has the meaning set forth in §1.3.

“Investment Amount” is an aggregate concept and means the sum of all Landlord Payments
outstanding at the applicable time.

“Issuer” means a financial institution satisfactory to Landlord issuing the Letter of Credit
and such Issuer’s successors and assigns. Any “Issuer” shall have a Lace Financial Service Rating
of “C+” or higher at all times throughout the Term.

“Land” means the real property described in Exhibit A attached hereto.

“Landlord Affiliate” means any person, corporation, partnership, limited liability company,
trust, or other legal entity that, directly or indirectly, controls, or is controlled by, or is
under common control with Landlord. “Control” (and the correlative meanings of the terms
“controlled by” and “under common control with”) means the possession, directly or indirectly, of
the power to direct or cause the direction of the management and policies of such entity.

“Landlord Payment” means any Acquisition Payment or Contingent Payment.

“Landlord’s Personal Property” means all Personal Property owned by Landlord on the Facility
Effective Date and located at the Facility, including, without limitation, all personal property
listed on the attached Exhibit D, together with any and all replacements thereof, and all Personal
Property that pursuant to the terms of this Lease becomes the property of Landlord during the Term.
Notwithstanding the foregoing, “Landlord’s Personal Property” shall not include policy and
procedural manuals and materials of Manager.

“Landlord” means HCN-Libertyville, HCN-Naperville, HCN-Summit and HCN-Trumbull, individually
and collectively.

“LC Proceeds” has the meaning set forth in §20.3.

“Lease” means this Master Lease Agreement, as amended from time to time.

“Lease Documents” means this Lease and all documents executed by Landlord and Tenant relating
to this Lease or the Facility.

“Lease Payments” means the sum of the Base Rent payments (as increased from time to time) for
the applicable period.

“Lease Year” means each consecutive period of 365 or 366 days throughout the Term. The first
Lease Year commences on the Commencement Date and expires on the day before the first anniversary
of the Commencement Date.

“Leased Property” means all of the Land, Improvements, Related Rights and Landlord’s Personal
Property.

“Legal Requirements” means all laws, regulations, rules, orders, writs, injunctions, decrees,
certificates, requirements, agreements, conditions of participation and

 

8

 

standards of any federal, state, county, municipal or other governmental entity,
administrative agency, insurance underwriting board, architectural control board, private
third-party payor, accreditation organization, or any restrictive covenants applicable to
the development, construction, condition and operation of the Facility by Tenant,
including, but not limited to,
[i] zoning, building, fire, health, safety, sign, and subdivision regulations and codes;
[ii] certificate of need laws (if applicable); [iii] licensure to operate as each Facility in
accordance with its respective Facility Uses; [iv] Medicare and Medicaid certification requirements
(if applicable); [v] the ADA; [vi] any Environmental Laws; and [vii] requirements, conditions and
standards for participation in third-party payor insurance programs.

“Lender” means each holder of an Assumed Note, individually and collectively.

“Letter of Credit” means an irrevocable and transferable Letter of Credit in an amount equal
to 25% of the Base Rent payable during the first Lease Year, issued by Issuer in favor of Landlord
as security for the Lease and in form acceptable to Landlord, and any amendments thereto or
replacements or substitutions therefor.

“Manager” means Capital Senior Living, Inc., a corporation organized under the laws of the
State of Texas.

“Master Lease #1” means that certain First Amended and Restated Master Lease Agreement, dated
effective April 30, 2010, among Midwest Miracle Hills, LLC, Midwest Woodbridge, LLC, Midwest Ames,
LLC, Midwest Prestwick, LLC, Midwest Village of Columbus, LLC, and Midwest Windermere, LLC, each a
Landlord Affiliate, and Capital Midwest, LLC, an Affiliate of Tenant, as amended.

“Master Lease #2” means that certain Master Lease Agreement, dated effective as of September
10, 2010 among HCRI Texas Properties, LTD., 402 South Colonial Drive, LLC, 311 E. Hawkins Parkway,
LLC, 2281 Country Club Drive, LLC, 5902 North Street, LLC, 750 North Collegiate Drive, LLC, 1011 E.
Pecan Grove Road, LLC, 5550 Old Jacksonville Highway, LLC, 1329 Brown Street, LLC and 1818 Martin
Drive, LLC, each a Landlord Affiliate, and Capital Texas S, LLC, an Affiliate of Tenant, as
amended.

“Material Obligation” means [i] any indebtedness (other than the Assumed Obligations) secured
by a security interest in the accounts receivable of Tenant or Subtenant or any Personal Property;
[ii] any indebtedness or lease of Tenant or Subtenant or of any other party that has been
guaranteed by Tenant or Subtenant that has an outstanding principal balance or obligation in an
amount not less than $500,000.00; [iii] any obligation to or agreement with the Issuer relating to
the Letter of Credit; and [iv] any sublease of the Leased Property.

“Minimum Capital Expenditures Amount” means [i] $500.00 per unit (as referenced on Exhibit C
hereto) annually for each of the first through the fifth Lease Year;
[ii] $550.00 per unit annually for each of the sixth through the tenth Lease Year; and
[iii] $600.00 per unit annually for each of the eleventh and following Lease Years.

“Net Operating Income” means the pre-tax net income of Tenant or Subtenant plus [i] the
amount of the provision for depreciation and amortization; plus [ii] the amount of the

 

9

 

provision for interest and lease payments, if any; plus [iii] the amount of the
provision for Rent payments; plus [iv] the amount of the provision for management fees.

“Net Worth” has the meaning set forth in §15.7.1.

“Obligor Group Obligations” means all payment and performance obligations of Tenant, Subtenant
and Guarantor to Landlord or any Landlord Affiliate, including, but not limited to, all obligations
under this Lease, any loans extended to Tenant, Subtenant or Guarantor by Landlord or any Landlord
Affiliate and all documents executed by Tenant, Subtenant or Guarantor in connection with this
Lease, any loan from or any other obligation to Landlord or any Landlord Affiliate. Notwithstanding
the foregoing, “Obligor Group Obligations” shall not include any obligations arising under Master
Lease #1, Master Lease #2, the Roxbury Lease or the Van Dorn Lease or any related agreements,
including without limitation any guaranties of any such leases.

“OFAC” means the Office of Foreign Assets Control, Department of the
Treasury.

“OFAC Lists” means lists of known or suspected terrorists or terrorist organizations published
by OFAC.

“Option Price” has the meaning set forth in §13.2.

“Option to Purchase” has the meaning set forth in §13.1.

“Organization State” means the State in which an entity is organized.

“Organizational Documents” means [i] for a corporation, its Articles of Incorporation
certified by the Secretary of State of the Organization State, as amended to date, and its Bylaws
certified by such entity, as amended to date; [ii] for a partnership, its Partnership Agreement
certified by such entity, as amended to date, and the Partnership Certificate, certified by the
appropriate authority, as amended to date; and [iii] for a limited liability company, its
Certificate of Formation certified by the Secretary of State of the Organization State, as amended
to date, and its Operating Agreement certified by such entity, as amended to date.

“Payment Amount” means the amount of any Landlord Payment. The first Landlord Payment is the
Acquisition Payment made on the Effective Date.

“Payment Date” means the date on which Landlord makes a Landlord Payment.

“Periodic Financial Statements” means [i] for Tenant and Subtenant, an unaudited balance
sheet, statement of income and statement of cash flows for the most recent quarter;
[ii] for the Facility, an unaudited Facility Financial Statement for the most recent month; and
[iii] for each Guarantor, an unaudited balance sheet and statement of income of Guarantor for the
most recent quarter. Statement of income shall be in substantially the form utilized as of the
Effective Date and, for Subtenant only, shall include [a] a comparison of actual and budgeted
revenues and expenses for the current period, year-to-date and year over year; and [b] a breakdown
of patient and other revenues itemized by payor type.

 

10

 

“Permitted Exceptions” means all easements, liens, encumbrances, restrictions, agreements and
other title matters existing as of the Facility Effective Date, including, without limitation, the
exceptions to title set forth on Exhibit B attached hereto, and any sublease of any portion of the
Leased Property made in complete accordance with Article 18.

“Permitted Liens” means [i] liens granted to Landlord or, to the extent securing the Assumed
Obligations, to Lender; [ii] liens customarily incurred by Tenant or Subtenant in the ordinary
course of business for items not delinquent, including mechanic’s liens and deposits and charges
under workers’ compensation laws; [iii] liens for taxes and assessments not yet due and payable;
[iv] any lien, charge, or encumbrance which is being contested in good faith pursuant to this
Lease; [v] the Permitted Exceptions; and [vi] purchase money financing and capitalized equipment
leases for the acquisition of personal property provided, however, that Landlord obtains a
nondisturbance agreement from the purchase money lender or equipment lessor in form and substance
as may be reasonably satisfactory to Landlord if the original cost of the equipment exceeds
$100,000.00 with respect to any Facility.

“Personal Property” means all machinery, equipment, furniture, furnishings, movable walls or
partitions, computers (and all associated software), trade fixtures and other personal property
(but excluding consumable inventory and supplies owned by Tenant) used in connection with the
Leased Property, together with all replacements and alterations thereof and additions thereto,
except items, if any, included within the definition of Fixtures or Improvements.

“Portfolio Cash Flow” has the meaning set forth in §15.7.1.

“Portfolio Coverage Ratio” has the meaning set forth in §15.7.1.

“Prior Operators” means HCN-Libertyville, HCN-Naperville, HCN-Trumbull, SHP II/CSL Summit,
LLC, Manager and any other affiliate of Seller which participated in the operation of the
Facilities located on the Subject Property prior to the Purchase Closing.

“Prior Period Resident Revenues” means, with respect to any Lease Year, the Resident Revenues
for all of the Leased Property (as of the commencement of such Lease Year) for the period
commencing two months prior to the commencement of the preceding Lease Year and ending 12 months
later. By way of illustration only, if the Prior Period Resident Revenues were being determined
with respect to the Lease Year commencing as of January 1, 2011 and expiring December 31, 2011, the
Prior Period Resident Revenues applicable to such Lease Year would be determined on the basis of
the Resident Revenues for all of the Leased Property (as of January 1, 2011) for the period
commencing as of November 1, 2009 and ending October 31, 2010.

“Project Improvements” means any addition to or major renovation of a Facility for which
Contingent Payments are made by Landlord pursuant to §22.3.

“Purchase Agreement” means that certain Membership Interest Purchase and Sale Agreement dated
December 22, 2010 between Seller and Purchaser pursuant to which Purchaser purchased
HCN-Libertyville, HCN-Naperville and HCN-Trumbull.

 

11

 

“Purchase Closing” means, with respect to any Facility, the closing of the transaction
contemplated by the Purchase Agreement, occurring immediately prior to the applicable Facility
Effective Date.

“Purchaser” means HCN Capital Holdings II, LLC, a limited liability company organized under
the laws of the State of Delaware and a directly or indirectly wholly owned subsidiary of HCN.

“Purchase Notice” has the meaning set forth in §13.1.

“Qualified Capital Expenditures” means the expenditures capitalized on the books of Tenant or
Subtenant, including without limitation expenditures for any of the following: replacement of
furniture, fixtures and equipment, including refrigerators, ranges, major appliances, bathroom
fixtures, doors (exterior and interior), central air conditioning and heating systems (including
cooling towers, water chilling units, furnaces, boilers and fuel storage tanks) and major
replacement of siding; major roof replacements, including major replacements of gutters,
downspouts, eaves and soffits; major repairs and replacements of plumbing and sanitary systems;
overhaul of elevator systems; major repaving, resurfacing and sealcoating of sidewalks, parking
lots and driveways; repainting of building exterior; but excluding major alterations, additions and
normal maintenance and repairs.

“Receivables” means [i] all of Tenant’s or Subtenant’s rights to receive payment for providing
resident care and services as set forth in any accounts, contract rights, and instruments, and [ii]
those documents, chattel paper, inventory proceeds, provider agreements, participation agreements,
ledger sheets, files, records, computer programs, tapes, and agreements relating to Tenant’s or
Subtenant’s rights to receive payment for providing resident care services.

“Related Rights” means all easements, rights (including bed operating rights) and
appurtenances relating to the Land and the Improvements.

“Renewal Date” means the first day of each Renewal Term.

“Renewal Option” has the meaning set forth in §12.1.

“Renewal Term” has the meaning set forth in §12.1.

“Rent” means Base Rent, Additional Charges and Default Rent.

“Rent Adjustment Date” means each anniversary of the Commencement Date; provided, however,
upon the addition of a Facility to the Leased Property after the Commencement Date, this date will
be adjusted by Landlord to take into account the Amendment Commencement Date for the added Facility
and provide for one Rent Adjustment Date that is applicable for all Facilities during the Term.

“Rent Schedule” means the schedule issued by Landlord to Tenant showing the Base Rent to be
paid by Tenant pursuant to the terms of this Lease, as such schedule is amended from time to time
by Landlord. The initial Rent Schedule is attached to this Lease as Schedule 1

 

12

 

or will be attached following Closing if the Rent Schedule cannot be determined
until the day of Closing.

“Rent Escalation Condition” means, as to any Lease Year, that the Prior Period Resident
Revenues determined with respect to such Lease Year for all of the Leased Property (immediately
prior to the commencement of such Lease Year) equal or exceed 90% of the Adjusted Base Year
Resident Revenues for such Leased Property. By way of illustration only, for purposes of
determining whether the Rent Escalation Condition has been satisfied for the Lease Year commencing
as of January 1, 2013 and expiring as of December 31, 2013, the Resident Revenues for the period
commencing as of November 1, 2011 and ending as of October 31, 2012 would be compared to the
Adjusted Base Year Resident Revenues, in each case determined on the basis of that portion of the
Leased Property that is subject to this Lease immediately prior to January 1, 2012, to determine
whether the Prior Period Resident Revenues equal or exceed 90% of the Adjusted Base Year Resident
Revenues.

“Resident Revenues” means revenues generated from the sale of goods or services at or through
the Facilities, whether by Tenant, Subtenant or any subtenant or licensee of Tenant or Subtenant,
or any other party, which revenues are primarily derived from services provided to residents
(including, without limitation, revenues received or receivable for the use of or otherwise by
reason of all rooms, units and other facilities provided, meals served, services performed or goods
sold at the Facilities, but excluding revenues received by Tenant as rent or other consideration
from the sublease of the Facilities to Subtenant), and which revenues shall be measured and
computed using substantially the same methodology as during the period commencing on January 1,
2010 and ending on December 31, 2010 and net of contractual adjustments of governmental and other
third party payors as shown on Exhibit C hereto.

“Replacement Operator” has the meaning set forth in §15.9.1.

“Roxbury Lease” means that certain Lease Agreement, dated effective as of April 16, 2010,
between Midwest 108th & Q, LLC, a Landlord Affiliate, and CSL 108th & Q, LLC,
an Affiliate of Tenant, as amended.

“Secured Party” has the meaning set forth in §23.1.

“Seller” means Senior Housing Partners II., L.P., a limited partnership organized under the
laws of the State of Delaware, and Capital Senior Living Properties 4, Inc., a corporation
organized under the laws of the State of Delaware, individually and collectively. Indemnitor is an
affiliate of a partner of Seller.

“Special Focus Facility” means a skilled nursing facility that is included on the current
Special Focus Facility List that is maintained by CMS and posted on the CMS website
(www.cms.hhs.gov).

“Subject Property” means the Facility Property relating to the Libertyville Facility,
Naperville Facility, Summit Facility and Trumbull Facility (as defined on Exhibit C).

“Subtenant” means each Subtenant of a Facility as identified on Exhibit C hereto, individually
and collectively. Each Subtenant will be the licensed operator of its respective

 

13

 

Facility as shown on Exhibit C. References in this Lease to “Subtenant” shall mean each Subtenant
individually and shall relate to such Subtenant’s respective Facility unless expressly stated
otherwise.

“Tenant” has the meaning set forth in the introductory paragraph of this Lease.

“Tenant’s Property” has the meaning set forth in §11.1.

“Term” means the Initial Term and each Renewal Term.

“U.S. Publicly-Traded Entity” means a person (other than an individual) whose securities are
listed on a national securities exchange, or quoted on an automated quotation system, in the United
States, or a wholly-owned subsidiary of such a person.

“Van Dorn Lease” means that certain Lease Agreement, dated effective as of April 16, 2010,
between Midwest Van Dorn, LLC, a Landlord Affiliate, and CSL Van Dorn, LLC, an Affiliate of Tenant,
as amended.

1.5 Landlord as Agent. With respect to its respective Facility, each Landlord appoints
HCN as the agent and lawful attorney-in-fact of such Landlord to act for such Landlord for all
purposes and actions of Landlord under this Lease and the other Lease Documents. All notices,
consents, waivers and all other documents and instruments executed by HCN pursuant to the Lease
Documents from time to time and all other actions of HCN as Landlord under the Lease Documents
shall be binding upon such Landlord. All Rent payable under this Lease shall be paid to HCN.

ARTICLE 2: RENT

2.1 Base Rent. Tenant shall pay Landlord base rent (“Base Rent”) in advance in
consecutive monthly installments payable on the first Business Day of each month during the Term
commencing on the Commencement Date. If the Effective Date is not the first day of a month, Tenant
shall pay Landlord Base Rent on the Effective Date for the partial month, i.e., for the period
commencing on the Effective Date and ending on the day before the Commencement Date. The Base Rent
payable for the current Lease Year is as shown on the Rent Schedule, subject to adjustment pursuant
to §2.2.2 if applicable. For each subsequent Lease Year of the Initial Term, the Base Rent shall be
paid in accordance with the most recent revised Rent Schedule provided by Landlord pursuant to
§2.2, as applicable. The Base Rent for each Renewal Term will be determined in accordance with
§12.2.

2.2 Base Rent Adjustments.

2.2.1 Annual Increase of Base Rent. Commencing on the first Rent Adjustment Date and
on each Rent Adjustment Date thereafter, provided that, as of such Rent Adjustment Date, the Rent
Escalation Condition has been met for the just ending Lease Year, the annual Base Rent shall
increase by the Annual Rent Increase for the Lease Year then just beginning. If, as of any Rent
Adjustment Date, the Rent Escalation Condition has not been so met for the just ending Lease Year,
then no Base Rent increase shall occur for the Lease Year then just beginning. However, if the
Rent Escalation Condition has not been met for one or more Lease

 

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Years, the Base Rent for the next Lease Year with respect to which the Rent Escalation Condition
is satisfied shall be determined as if the Rent Escalation Condition had been satisfied for all
previous Lease Years and the Base Rent had escalated pursuant to, and in accordance with, this
§2.2.1 for all prior Lease Years. As of each Rent Adjustment Date, Landlord shall calculate the
Annual Rent Increase and shall deliver the revised Rent Schedule to Tenant no later than 30 days
after the Rent Adjustment Date. Until the revised Rent Schedule is delivered to Tenant, Tenant
shall pay the monthly Base Rent with the Annual Rent Increase (paid in equal monthly installments)
calculated based upon an Increaser Rate of three percent of the Actual Rate of Return for the
prior Lease Year. After the revised Rent Schedule is delivered to Tenant, if the actual monthly
Base Rent is more or less than the monthly Base Rent paid pursuant to the preceding sentence, the
difference shall be added to or deducted from (as applicable) the monthly Base Rent payment made
for the following month. Thereafter, Tenant shall make monthly Base Rent payments in accordance
with the revised Rent Schedule.

2.2.2 Additional Landlord Payments. If Landlord makes a Landlord Payment other than
the initial Acquisition Payment, the Base Rent will be increased effective on the Payment Date
based upon the applicable rate of return to Landlord as set forth in the Commitment applied to such
Landlord Payment. Until Tenant receives a revised Rent Schedule from Landlord, Tenant shall for
each month [i] continue to make installments of Base Rent according to the Rent Schedule in effect
on the day before the Payment Date; and [ii] within 10 days following Landlord’s issuance of an
invoice, pay the difference between the installment of Base Rent that Tenant paid to Landlord for
such month and the installment of Base Rent actually due to Landlord for such month as a result of
the Landlord Payment. On the first day of the month following receipt of the revised Rent Schedule,
Tenant shall pay the monthly installment of Base Rent specified in the revised Rent Schedule.

2.3 Additional Charges. In addition to Base Rent, Tenant shall pay the Escrow
Payments to Landlord or Landlord’s designee, all other amounts, liabilities, obligations and
Impositions which Tenant assumes or agrees to pay under this Lease including any fine, penalty,
interest, charge and cost which may be added for nonpayment or late payment of such items
(collectively the “Additional Charges”). If any Assumed Mortgage requires any Escrow Payments to
be paid over to Lender, then, at Landlord’s request, Tenant shall make such payments directly to
Lender. If any Escrow Payments are submitted to Landlord but required to be paid over to Lender,
Landlord covenants that it shall timely forward each such payment to Lender as required under the
Assumed Mortgage.

2.4 Place of Payment of Rent. Tenant shall make all payments of Rent to Landlord by
electronic wire transfer in accordance with the wiring instructions set forth in Exhibit H
attached hereto, subject to change in accordance with other written instructions provided by
Landlord from time to time.

2.5 Net Lease. This Lease shall be deemed and construed to be an “absolute net
lease”, and Tenant shall pay all Rent and other charges and expenses in connection with the Leased
Property throughout the Term, without abatement, deduction, recoupment or setoff. Landlord shall
have all legal, equitable and contractual rights, powers and remedies provided either in this
Lease or by statute or otherwise in the case of nonpayment of the Rent.

 

15

 

2.6 No Termination, Abatement, Etc. Except as otherwise specifically provided in this
Lease, Tenant shall remain bound by this Lease in accordance with its terms. Tenant shall not,
without the consent of Landlord, modify, surrender or terminate the Lease, nor seek nor be entitled
to any abatement, deduction, deferment or reduction of Rent, or setoff or recoupment against the
Rent. Except as expressly provided in this Lease, the obligations of Landlord and Tenant shall not
be affected by reason of [i] any damage to, or destruction of, the Leased Property or any part
thereof from whatever cause or any Taking (as hereinafter defined) of the Leased Property or any
part thereof; [ii] the lawful or unlawful prohibition of, or restriction upon, Tenant’s use of the
Leased Property, or any part thereof, the interference with such use by any person, corporation,
partnership or other entity; [iii] except for Landlord’s breach of §21.1, any claim which Tenant
has or might have against Landlord or by reason of any default or breach of any warranty by
Landlord under this Lease or any other agreement between Landlord and Tenant, or to which Landlord
and Tenant are parties; [iv] any bankruptcy, insolvency, reorganization, composition, readjustment,
liquidation, dissolution, winding up or other proceeding affecting Landlord or any assignee or
transferee of Landlord; or [v] any other cause, whether similar or dissimilar to any of the
foregoing, other than a discharge of Tenant from any such obligations as a matter of law. Except as
otherwise specifically provided in this Lease, Tenant hereby specifically waives all rights,
arising from any occurrence whatsoever, which may now or hereafter be conferred upon it by law [a]
to modify, surrender or terminate this Lease or quit or surrender the Leased Property or any
portion thereof; or [b] entitling Tenant to any abatement, reduction, suspension or deferment of
the Rent or other sums payable by Tenant hereunder. The obligations of Landlord and Tenant
hereunder shall be separate and independent covenants and agreements and the Rent and all other
sums payable by Tenant hereunder shall continue to be payable in all events unless the obligations
to pay the same shall be terminated pursuant to the express provisions of this Lease or by
termination of this Lease other than by reason of an Event of Default.

ARTICLE 3: IMPOSITIONS AND UTILITIES

3.1 Payment of Impositions. Tenant shall pay, as Additional Charges, all Impositions
that may be levied or become a lien on the Leased Property or any part thereof at any time
(whether prior to or during the Term), without regard to prior ownership of said Leased Property,
before any fine, penalty, interest, or cost is incurred; provided, however, Tenant may, subject to
the terms of the Assumed Mortgage for so long as any of the Assumed Obligations remain
outstanding, contest any Imposition in accordance with §3.7. Tenant shall deliver to Landlord [i]
not more than 30 days after the due date of each Imposition, copies of the invoice for such
Imposition and the check delivered for payment thereof; and [ii] not more than 60 days after the
due date of each Imposition, a copy of the official receipt evidencing such payment or other proof
of payment satisfactory to Landlord. Tenant’s obligation to pay such Impositions shall be deemed
absolutely fixed upon the date such Impositions become a lien upon the Leased Property or any part
thereof. Tenant, at its expense, shall prepare and file all tax returns and reports in respect of
any Imposition as may be required by governmental authorities. Tenant shall be entitled to any
refund due from any taxing authority if no Event of Default shall have occurred hereunder and be
continuing and if Tenant shall have paid all Impositions due and payable as of the date of the
refund. Landlord shall be entitled to any refund from any taxing authority if an Event of Default
has occurred and is continuing. Any refunds retained by Landlord due to an Event of Default shall
be applied as provided in §8.8. Landlord and Tenant

 

16

 

shall, upon request of the other, provide such data as is
maintained by the party to whom the request is made with respect to
the Leased Property as may be necessary to prepare any required
returns and reports. In the event governmental authorities classify
any property covered by this Lease as personal property, Tenant shall
file all personal property tax returns in such jurisdictions where it
may legally so file. Landlord, to the extent it possesses the same,
and Tenant, to the extent it possesses the same, will provide the
other party, upon request, with cost and depreciation records
necessary for filing returns for any property so classified as
personal property. Where Landlord is legally required to file
personal property tax returns, Tenant will be provided with copies of
assessment notices indicating a value in excess of the reported value
in sufficient time for Tenant to file a protest. Tenant may, upon
notice to Landlord, at Tenant’s option and at Tenant’s sole cost and
expense, protest, appeal, or institute such other proceedings as
Tenant may deem appropriate to effect a reduction of real estate or
personal property assessments and Landlord, at Tenant’s expense as
aforesaid, shall fully cooperate with Tenant in such protest, appeal,
or other action. Tenant shall reimburse Landlord for all personal
property taxes paid by Landlord within 30 days after receipt of
billings accompanied by copies of a bill therefor and payments
thereof which identify the personal property with respect to which
such payments are made. Impositions imposed in respect to the
tax-fiscal period during which the Term terminates shall be adjusted
and prorated between Landlord and Tenant, whether or not such
Imposition is imposed before or after such termination, and Tenant’s
obligation to pay its prorated share thereof shall survive such
termination.

3.2 Definition of Impositions. “Impositions” means, collectively, [i] taxes
(including, without limitation, all capital stock and franchise taxes of Landlord imposed by the
Facility State or any governmental entity in the Facility State due to this lease transaction or
Landlord’s ownership of the Leased Property and the income arising therefrom, or due to Landlord
being considered as doing business in the Facility State because of Landlord’s ownership of the
Leased Property or lease thereof to Tenant), all real estate and personal property ad valorem,
sales and use, business or occupation, single business, gross receipts, transaction privilege, rent
or similar taxes; [ii] assessments (including, without limitation, all assessments for public
improvements or benefits, whether or not commenced or completed prior to the date hereof and
whether or not to be completed within the Term); [iii] ground rents, water, sewer or other rents
and charges, excises, tax levies, and fees (including, without limitation, license, permit,
inspection, authorization and similar fees); [iv] all taxes imposed on Tenant’s operations of the
Leased Property, including, without limitation, employee withholding taxes, income taxes and
intangible taxes; [v] all taxes imposed by the Facility State or any governmental entity in the
Facility State with respect to the conveyance of the Leased Property by Landlord to Tenant or
Tenant’s designee, including, without limitation, conveyance taxes and capital gains taxes; and
[vi] all other governmental charges, in each case whether general or special, ordinary or
extraordinary, or foreseen or unforeseen, of every character in respect of the Leased Property or
any part thereof and/or the Rent (including all interest and penalties thereon due to any failure
in payment by Tenant), which at any time prior to, during or in respect of the Term hereof may be
assessed or imposed on or in respect of or be a lien upon [a] Landlord or Landlord’s interest in
the Leased Property or any part thereof; [b] the Leased Property or any part thereof or any rent
therefrom or any estate, right, title or interest therein; or [c] any occupancy, operation, use or
possession of, or sales from, or activity conducted on, or in connection with the Leased Property
or the leasing or use of the Leased Property or any part thereof. Tenant shall not, however, be
required to pay any Federal or state tax based on gross or

 

17

 

net income imposed on Landlord by any governmental entity other than the capital
stock and franchise taxes described in clause [i] above.

3.3 Escrow of Impositions. Except to the extent already deposited as required under
the Assumed Mortgage, Tenant shall deposit with Landlord on the first day of each month a sum equal
to 1/12th of the Impositions assessed against the Leased Property for the preceding tax year for
real estate taxes, which sums shall be used by Landlord toward payment of such Impositions. In
addition, if an Event of Default occurs and while it remains uncured, Tenant shall, at Landlord’s
election, except to the extent already deposited as required under the Assumed Mortgage, deposit
with Landlord on the first day of each month a sum equal to l/12th of the Impositions assessed
against the Leased Property for the preceding tax year other than for real estate taxes, which sums
shall be used by Landlord toward payment of such Impositions. Tenant, on demand, shall pay to
Landlord any additional funds necessary to pay and discharge the obligations of Tenant pursuant to
the provisions of this section. The receipt by Landlord of the payment of such Impositions by and
from Tenant shall only be as an accommodation to Tenant, the mortgagees, and the taxing
authorities, and shall not be construed as rent or income to Landlord, Landlord serving, if at all,
only as a conduit for delivery purposes. If Impositions are deposited under the Assumed Mortgage,
Landlord will cooperate with Tenant to have such deposits applied to the Impositions.

3.4 Utilities. Tenant shall pay, as Additional Charges, all taxes, assessments,
charges, deposits, and bills for utilities, including, without limitation, charges for water, gas,
oil, sanitary and storm sewer, electricity, telephone service, and trash collection, which may be
charged against the occupant of the Improvements during the Term. If an Event of Default occurs
and while it remains uncured, Tenant shall, at Landlord’s election, deposit with Landlord on the
first day of each month a sum equal to l/12th of the amount of the annual utility expenses for the
preceding Lease Year, which sums shall be used by Landlord to pay such utilities. Tenant shall, on
demand, pay to Landlord any additional amount needed to pay such utilities. Landlord’s receipt of
such payments shall only be an accommodation to Tenant and the utility companies and shall not
constitute rent or income to Landlord. Tenant shall use its best efforts to ensure against the
freezing of water lines. Tenant hereby agrees to indemnify and hold Landlord harmless from and
against any liability or damages to the utility systems and the Leased Property that may result
from Tenant’s failure to maintain sufficient heat in the Improvements.

3.5 Discontinuance of Utilities. Landlord will not be liable for damages to person or
property or for injury to, or interruption of, business for any discontinuance of utilities nor
will such discontinuance in any way be construed as an eviction of Tenant or cause an abatement of
rent or operate to release Tenant from any of Tenant’s obligations under this Lease.

3.6 Business Expenses. Tenant acknowledges that it is solely responsible for all
expenses and costs incurred in connection with the operation of the Facility on the Leased
Property, including, without limitation, employee benefits, employee vacation and sick pay,
consulting fees, and expenses for inventory and supplies.

3.7 Permitted Contests. Subject to the terms of the Assumed Mortgage, Tenant, on its
own or on Landlord’s behalf (or in Landlord’s name), but at Tenant’s expense, may contest, by
appropriate legal proceedings conducted in good faith and with due diligence,

 

18

 

the amount or validity or application, in whole or in part, of any Imposition or any Legal
Requirement or insurance requirement or any lien, attachment, levy, encumbrance, charge or claim
provided that [i] in the case of an unpaid Imposition, lien, attachment, levy, encumbrance, charge
or claim, the commencement and continuation of such proceedings shall suspend the collection
thereof from Landlord and from the Leased Property; [ii] neither the Leased Property nor any Rent
therefrom nor any part thereof or interest therein would be in any immediate danger of being sold,
forfeited, attached or lost; [iii] in the case of a Legal Requirement, Landlord would not be in any
immediate danger of civil or criminal liability for failure to comply therewith pending the outcome
of such proceedings; [iv] in the event that any such contest shall involve a sum of money or
potential loss in excess of $50,000.00, Tenant shall deliver to Landlord and its counsel an opinion
of Tenant’s counsel to the effect set forth in clauses [i], [ii] and [iii], to the extent
applicable; [v] in the case of a Legal Requirement and/or an Imposition, lien, encumbrance or
charge, Tenant shall give such reasonable security as may be demanded by Landlord to insure
ultimate payment of the same and to prevent any sale or forfeiture of the affected Leased Property
or the Rent by reason of such nonpayment or noncompliance; provided, however, the provisions of
this section shall not be construed to permit Tenant to contest the payment of Rent (except as to
contests concerning the method of computation or the basis of levy of any Imposition or the basis
for the assertion of any other claim) or any other sums payable by Tenant to Landlord hereunder;
[vi] in the case of an insurance requirement, the coverage required by Article 4 shall be
maintained; and [vii] if such contest be finally resolved against Landlord or Tenant, Tenant shall,
as Additional Charges due hereunder, promptly pay the amount required to be paid, together with all
interest and penalties accrued thereon, or comply with the applicable Legal Requirement or
insurance requirement. Landlord, at Tenant’s expense, shall execute and deliver to Tenant such
authorizations and other documents as may be reasonably required in any such contest, and, if
reasonably requested by Tenant or if Landlord so desires, Landlord shall join as a party therein.
Tenant hereby agrees to indemnify and save Landlord harmless from and against any liability, cost
or expense of any kind that may be imposed upon Landlord in connection with any such contest and
any loss resulting therefrom.

ARTICLE 4: INSURANCE

4.1 Property Insurance. At Tenant’s expense, Tenant shall maintain in full force and
effect a property insurance policy or policies insuring the Leased Property against the following:

(a) Loss or damage commonly covered by a “Special Form” policy insuring against physical loss
or damage to the Improvements and Personal Property, including, but not limited to, risk of loss
from fire, windstorm and other hazards, collapse, transit coverage, vandalism, malicious mischief,
theft, earthquake (if the Leased Property is in a higher risk earthquake zone as determined by
Landlord) and sinkholes (if usually recommended in the area of the Leased Property). The policy
shall be in the amount of the full replacement value (as defined in §4.5) of the Improvements and
Personal Property and shall contain a deductible amount reasonably acceptable to Landlord. Landlord
shall be named as an additional insured. The policy shall include a stipulated value endorsement or
agreed amount endorsement and endorsements for ordinance or law including demolition costs and
increased cost of construction.

 

19

 

(b) If applicable, loss or damage by explosion of steam boilers, pressure vessels, or
similar apparatus, now or hereafter installed on the Leased Property, in commercially reasonable
amounts acceptable to Landlord.

(c) Consequential loss of rents and income coverage insuring against all “Special Form” risk
of physical loss or damage with limits and deductible amounts reasonably acceptable to Landlord
covering risk of loss during the first nine months of reconstruction, and containing an endorsement
for extended period of indemnity of at least six months, and shall be written with a stipulated
amount of coverage if available at a reasonable premium.

(d) If the Leased Property is located, in whole or in part, in a federally designated
100-year flood plain area, flood insurance for the Improvements in an amount equal to the lesser
of [i] the full replacement value of the Improvements; or [ii] the maximum amount of insurance
available for the Improvements under all federal and private flood insurance programs.

(e) Loss or damage caused by the breakage of plate glass, if applicable, in commercially
reasonable amounts reasonably acceptable to Landlord.

(f) Loss or damage commonly covered by blanket crime insurance, including employee
dishonesty, loss of money orders or paper currency, depositor’s forgery, and loss of property of
patients accepted by Tenant for safekeeping, in commercially reasonable amounts acceptable to
Landlord.

Additionally, to the extent the Assumed Mortgage requires Landlord to maintain insurance policies
beyond those set forth in this §4.1, Tenant shall maintain such insurance policies in full force
and effect and in compliance with the terms of the Assumed Mortgage.

4.2 Liability Insurance. At Tenant’s expense, Tenant shall maintain liability
insurance against the following:

(a) Claims for personal injury or property damage commonly covered by comprehensive general
liability insurance with endorsements for incidental malpractice, contractual, personal injury,
voluntary medical payments, products and completed operations, broad form property damage, and
extended bodily injury, with commercially reasonable amounts for bodily injury, property damage,
and voluntary medical payments acceptable to Landlord, but with a combined single limit of not
less than $5,000,000.00 per occurrence.

(b) Claims for personal injury and property damage commonly covered by comprehensive
automobile liability insurance, covering all owned and non-owned automobiles, with commercially
reasonable amounts for bodily injury, property damage, and for automobile medical payments
acceptable to Landlord, but with a combined single limit of not less than $5,000,000.00 per
occurrence.

(c) Claims for personal injury commonly covered by medical malpractice and professional
liability insurance in commercially reasonable amounts acceptable to Landlord.

 

20

 

(d) Claims commonly covered by workers’ compensation insurance for all persons employed by
Tenant on the Leased Property. Such workers’ compensation insurance shall be in accordance with the
requirements of all applicable local, state, and federal law.

Additionally, to the extent the Assumed Mortgage requires Landlord to maintain insurance policies
beyond those set forth in this §4.2, Tenant shall maintain such insurance policies in full force
and effect and in compliance with the terms of the Assumed Mortgage.

4.3 Builder’s Risk Insurance. In connection with any construction, Tenant shall
maintain in full force and effect a builder’s completed value risk policy (“Builder’s Risk Policy”)
of insurance in a nonreporting form insuring against all “Special Form” risk of physical loss or
damage to the Improvements, including, but not limited to, risk of loss from fire, windstorm and
other hazards, collapse, transit coverage, vandalism, malicious mischief, theft, earthquake (if
Leased Property is in a higher risk earthquake zone as determined by Landlord) and sinkholes (if
usually recommended in the area of the Leased Property). The Builder’s Risk Policy shall include
endorsements providing coverage for building materials and supplies and temporary premises. The
Builder’s Risk Policy shall be in the amount of the full replacement value of the Improvements and
shall contain a deductible amount acceptable to Landlord and, if required by the Assumed
Obligations, Lender. Landlord shall be named as an additional insured. The Builder’s Risk Policy
shall include an endorsement permitting initial occupancy.

4.4 Insurance Requirements. The following provisions shall apply to all insurance
coverages required hereunder:

(a) The form and substance of all policies shall be subject to the approval of Landlord, which
approval will not be unreasonably withheld, and, for so long as any of the Assumed Obligations
remain outstanding, shall be in form and substance required under the Assumed Mortgage.

(b) The carriers of all policies shall have a Best’s Rating of “A-” or better and a Best’s
Financial Category of VII or higher and shall be authorized to do insurance business in the
Facility State, and, for so long as any of the Assumed Obligations remain outstanding, shall meet
the requirements otherwise required by Lender.

(c) Tenant shall be the “named insured” and Landlord and, for so long as any of the Assumed
Obligations remain outstanding, Lender shall each be an “additional insured” on each policy.

(d) Tenant shall deliver to Landlord certificates or policies showing the required coverages
and endorsements. The policies of insurance shall provide that the policy may not be canceled or
not renewed, and no material change or reduction in coverage may be made, without at least 30 days’
prior written notice to Landlord and, if required by the Assumed Obligations, Lender.

(e) The policies shall contain a severability of interest and/or cross-liability endorsement,
provide that the acts or omissions of Tenant or Landlord will not

 

21

 

invalidate the coverage of the other party, and provide that
Landlord shall not be responsible for payment of premiums.

(f) All loss adjustment shall require the written consent of Landlord and Tenant, as their
interests may appear and, for so long as any of the Assumed Obligations remain outstanding, shall
be subject to the restrictions set forth in the Assumed Mortgage.

(g) At least 30 days prior to the expiration of each insurance policy, Tenant shall deliver to
Landlord and, for so long as any of the Assumed Obligations remain outstanding, Lender, a
certificate showing renewal of such policy and payment of the annual premium therefor and a current
Certificate of Compliance (in the form delivered at the time of Closing) completed and signed by
Tenant’s insurance agent.

(h) Tenant recognizes, acknowledges and agrees that the insurance requirements imposed under
the Assumed Mortgage may be greater than the requirements in this Lease and that, to the extent
such requirements are greater, Tenant shall comply with the requirements under the Assumed
Mortgage.

4.5 Replacement Value. The term “full replacement value” means the actual replacement
cost thereof from time to time, including increased cost of construction endorsement, with no
reductions or deductions. Tenant shall, in connection with each annual policy renewal, deliver to
Landlord a redetermination of the full replacement value by the insurer or an endorsement
indicating that the Leased Property is insured for its full replacement value. If Tenant makes any
Permitted Alterations (as hereinafter defined) to the Leased Property, Landlord may have such full
replacement value redetermined at any time after such Permitted Alterations are made, regardless
of when the full replacement value was last determined.

4.6 Blanket Policy. Notwithstanding anything to the contrary contained in this
Article 4, Tenant may carry the insurance required by this Article under a blanket policy of
insurance, provided that the coverage afforded Tenant will not be reduced or diminished or
otherwise be different from that which would exist under a separate policy meeting all of the
requirements of this Lease.

4.7 No Separate Insurance. Tenant shall not take out separate insurance concurrent in
form or contributing in the event of loss with that required in this Article, or increase the
amounts of any then existing insurance, by securing an additional policy or additional policies,
unless all parties having an insurable interest in the subject matter of the insurance, including
Landlord and any mortgagees, are included therein as additional insureds or loss payees, the loss
is payable under said insurance in the same manner as losses are payable under this Lease, and
such additional insurance is not prohibited by the existing policies of insurance. Tenant shall
immediately notify Landlord of the taking out of such separate insurance or the increasing of any
of the amounts of the existing insurance by securing an additional policy or additional policies.

4.8 Waiver of Subrogation. Each party hereto hereby waives any and every claim which
arises or may arise in its favor and against the other party hereto during the Term for any and
all loss of, or damage to, any of its property located within or upon, or constituting a part

 

22

 

of, the Leased Property, which loss or damage is covered by valid
and collectible insurance policies, to the extent that such loss or
damage is recoverable under such policies. Said mutual waiver shall
be in addition to, and not in limitation or derogation of, any other
waiver or release contained in this Lease with respect to any loss or
damage to property of the parties hereto. Inasmuch as the said
waivers will preclude the assignment of any aforesaid claim by way of
subrogation (or otherwise) to an insurance company (or any other
person), each party hereto agrees immediately to give each insurance
company which has issued to it policies of insurance, written notice
of the terms of said mutual waivers, and to have such insurance
policies properly endorsed, if necessary, to prevent the invalidation
of said insurance coverage by reason of said waivers, so long as such
endorsement is available at a reasonable cost.

4.9 Mortgages. The following provisions shall apply if Landlord now or hereafter
places a mortgage on the Leased Property or any part thereof: [i] Tenant shall obtain a standard
form of lender’s loss payable clause insuring the interest of the mortgagee; [ii] Tenant shall
deliver evidence of insurance to such mortgagee; [iii] loss adjustment shall require the consent of
the mortgagee; and [iv] Tenant shall provide such other information and documents as may be
required by the mortgagee. Notwithstanding the provisions of this §4.9 to the contrary, Landlord
and Tenant each recognize and acknowledge that the Assumed Mortgage contains express provisions
governing insurance for the Facility and that, for so long as any of the Assumed Obligations remain
outstanding, to the extent any inconsistency exists between §4.9 hereof and the Assumed Mortgage,
the terms of the Assumed Mortgage will control.

4.10 Escrows. After an Event of Default occurs hereunder, Tenant shall make such
periodic payments of insurance premiums in accordance with Landlord’s requirements after receipt of
notice thereof from Landlord.

ARTICLE 5: INDEMNITY

5.1 Tenant’s Indemnification. Tenant hereby indemnifies and agrees to hold harmless
Landlord, Lender, Lender’s servicer of the Assumed Mortgage, any successors or assigns of
Landlord, Lender, Lender’s servicer of the Assumed Mortgage, and Landlord’s, Lender’s, Lender’s
servicer of the Assumed Mortgage’s, and such successors or assigns directors, officers, employees
and agents from and against any and all demands, claims, causes of action, fines, penalties,
damages (including consequential damages), losses, liabilities (including strict liability),
judgments, and expenses (including, without limitation, reasonable attorneys’ fees, court costs,
and the costs set forth in §8.7) incurred in connection with or arising from: [i] the use or
occupancy of the Leased Property by Tenant or any persons claiming under Tenant; [ii] any
activity, work, or thing done, or permitted or suffered by Tenant in or about the Leased Property;
[iii] any acts, omissions, or negligence of Tenant or any person claiming under Tenant, or the
contractors, agents, employees, invitees, or visitors of Tenant or any such person; [iv] any
breach, violation, or nonperformance by Tenant or any person claiming under Tenant or the
employees, agents, contractors, invitees, or visitors of Tenant or of any such person, of any
term, covenant, or provision of this Lease or any law, ordinance, or governmental requirement of
any kind, including, without limitation, any failure to comply with any applicable requirements
under the ADA; [v] any injury or damage to the person, property or business of Tenant, its
employees, agents, contractors, invitees, visitors, or any other person entering upon the Leased
Property; [vi] any construction, alterations, changes or demolition of the Facility performed by
or

 

23

 

contracted for by Tenant or its employees, agents or contractors; [vii] any
obligations, costs or expenses arising under any Permitted Exceptions; [viii] any loss,
damage, liability, penalty or expense incurred by Landlord in connection with the Assumed
Obligations to the extent arising from an act or omission of Tenant or from Tenant’s
default under this Lease or under the Assumed Note, Assumed Mortgage or related
documents; and [ix] any loss, damage, liability, penalty or expense incurred by Landlord
in connection with any breach of any obligation to Assumed Lender relating to
environmental issues, except to the extent same are caused by the act or omission of
Landlord. If any action or proceeding is brought against Landlord, its employees, or
agents by reason of any such claim, Tenant, upon notice from Landlord, Lender or Lender’s
servicer of the Assumed Mortgage, will defend the claim at Tenant’s expense with counsel
selected by Tenant and reasonably satisfactory to Landlord, Lender or Lender’s servicer
of the Assumed Mortgage. All amounts payable to Landlord, Lender or Lender’s servicer of
the Assumed Mortgage under this section shall be payable on written demand and any such
amounts which are not paid within 10 days after demand therefor by Landlord, Lender or
Lender’s servicer of the Assumed Mortgage shall bear interest at Landlord’s rate of
return as provided in the Commitment. In case any action, suit or proceeding is brought
against Tenant by reason of any such occurrence, Tenant shall use its best efforts to
defend such action, suit or proceeding.

5.1.1 Notice of Claim. Landlord shall notify Tenant in writing of any claim or action
brought against Landlord in which indemnity may be sought against Tenant pursuant to this section.
Such notice shall be given in sufficient time to allow Tenant to defend or participate in such
claim or action, but the failure to give such notice in sufficient time shall not constitute a
defense hereunder nor in any way impair the obligations of Tenant under this section unless the
failure to give such notice precludes Tenant’s defense of any such action.

5.1.2 Survival of Covenants. The covenants of Tenant contained in this section shall
remain in full force and effect after the termination of this Lease until the expiration of the
period stated in the applicable statute of limitations during which a claim or cause of action may
be brought and payment in full or the satisfaction of such claim or cause of action and of all
expenses and charges incurred by Landlord relating to the enforcement of the provisions herein
specified.

5.1.3 Reimbursement of Expenses. Unless prohibited by law, Tenant hereby agrees to
pay to Landlord all of the reasonable fees, charges and reasonable out-of-pocket expenses related
to the Facility and required hereby, or incurred by Landlord in enforcing the provisions of this
Lease.

5.2 Environmental Indemnity; Audits. Tenant hereby indemnifies and agrees to hold
harmless Landlord, Lender or Lender’s servicer of the Assumed Mortgage, any successors to
Landlord’s, Lender’s or Lender’s servicer’s of the Assumed Mortgage, interest in this Lease, and
their successors directors, officers, employees and agents from and against any losses, claims,
damages (including consequential damages), penalties, fines, liabilities (including strict
liability), costs (including cleanup and recovery costs), and expenses (including expenses of
litigation and reasonable consultants’ and attorneys’ fees) incurred by Landlord, Lender or
Lender’s servicer of the Assumed Mortgage, or any other indemnitee or assessed against any portion
of the Leased Property by virtue of any claim or lien by any governmental or quasi-governmental
unit, body, or agency, or any third party, for cleanup costs or other costs

 

24

 

pursuant to any Environmental Law. Tenant’s indemnity shall survive the
termination of this Lease. Provided, however, Tenant shall have no indemnity obligation
with respect to [i] Hazardous Materials first introduced to the Leased Property
subsequent to the date that Tenant’s occupancy of the Leased Property shall have fully
terminated; or [ii] Hazardous Materials introduced to the Leased Property by Landlord,
its agent, employees, successors or assigns. If at any time during the Term of this Lease
any governmental authority notifies Landlord, Lender or Lender’s servicer of the Assumed
Mortgage, or Tenant of a violation of any Environmental Law or Landlord, Lender or
Lender’s servicer of the Assumed Mortgage reasonably believes that a Facility may violate
any Environmental Law, Landlord, Lender or Lender’s servicer of the Assumed Mortgage may
require one or more environmental audits of such portion of the Leased Property, in such
form, scope and substance as specified by Landlord, Lender or Lender’s servicer of the
Assumed Mortgage, at Tenant’s expense. Tenant shall, within 30 days after receipt of an
invoice from Landlord, Lender or Lender’s servicer of the Assumed Mortgage, reimburse
Landlord, Lender or Lender’s servicer of the Assumed Mortgage for all costs and expenses
incurred in reviewing any environmental audit, including, without limitation, reasonable
attorneys’ fees and costs.

5.3 Indemnitor Indemnification. Tenant shall cause Indemnitor to, and Indemnitor
hereby agrees to, indemnify and hold harmless HCN and Landlord, any affiliates, successors or
assigns of HCN or Landlord, and HCN’s and Landlord’s and each such affiliate’s, successor’s and
assign’s directors, officers, members, managers, employees and agents (individually and
collectively, “Indemnitee”) from and against any and all demands, claims, causes of action, fines,
penalties, damages (including consequential damages), losses, liabilities (including strict
liability), judgments, and expenses (including, without limitation, reasonable attorneys’ fees and
court costs) incurred in connection with or arising from any of the following: [i] any facts or
circumstances involving or related to the Landlord entities, the Subject Property or the Assumed
Obligations to the extent arising or relating to periods prior to the Purchase Closing; [ii] any
operation, activity, work, or thing done, or permitted or suffered by Prior Operators or their
affiliates, agents or employees on the Subject Property prior to the Purchase Closing; [iii] any
acts, omissions, or negligence of Prior Operators or any person claiming under Prior Operators, or
the contractors, agents, employees, invitees, or visitors of Prior Operators or any such person,
occurring prior to the Purchase Closing; [iv] any misrepresentation by Tenant or Subtenant in any
Closing Certificate delivered to Landlord as of the applicable Facility Effective Date; [v] any
breach, violation, or nonperformance by Prior Operators or any of their affiliates or any person
claiming under any such person or the employees, agents, contractors, invitees, or visitors of any
such person, of any obligations imposed by any applicable law, ordinance, or governmental
requirement of any kind as to the Subject Property; [vi] the valuation of the Subject Property for
tax purposes as in existence prior to the Purchase Closing; [vii] any loss, cost or liability of
Indemnitee to the extent arising as a result of the sale contemplated by the Purchase Agreement
being structured as a sale of the equity interests in the Landlord entities rather than a sale of
the fee interest in the Subject Property; or [viii] any liability of any Landlord entity not
specifically disclosed to HCN pursuant to the Purchase Agreement. If any action or proceeding is
brought against any Indemnitee by reason of any such claim, Indemnitor, upon notice from HCN, will
defend the claim at Indemnitor’s expense with counsel selected by Indemnitor reasonably
satisfactory to HCN. All amounts payable to Indemnitee under this section shall be payable on
written demand and any such amounts which are not paid within 10 days after demand therefor by HCN
shall bear interest at the rate of 18.5% per annum (except

 

25

 

to the extent that applicable law would make that rate usurious and then the rate
would be the highest rate allowable under applicable law).

5.3.1 Notice of Claim. HCN shall notify Indemnitor in writing of any claim or action
brought against Indemnitee for which indemnity may be sought against Indemnitor pursuant to this
section. Such notice shall be given in sufficient time to allow Indemnitor to defend or participate
in such claim or action, but the failure to give such notice in sufficient time shall not
constitute a defense hereunder nor in any way impair the obligations of Indemnitor under this
section unless and to the extent that the failure to give such notice precludes Indemnitor’s
defense of any such action.

5.3.2 Survival of Covenants. The covenants of Indemnitor contained in this section
shall remain in full force and effect after the Purchase Closing until the later of [i] two years
after Purchase Closing or [ii] the expiration of the period stated in the applicable statute of
limitations during which a claim or cause of action may be brought and payment in full or the
satisfaction of such claim or cause of action and of all expenses and charges incurred by
Indemnitee relating to the enforcement of the provisions herein specified.

5.3.3 Reimbursement of Expenses of Enforcement. Unless prohibited by law, Indemnitor
hereby agrees to pay to Indemnitee all of the reasonable fees, charges and reasonable out-of-pocket
expenses incurred by any Indemnitee in enforcing the provisions of this section.

5.4 Limitation of Landlord’s Liability. Except to the extent caused by the gross
negligence or willful misconduct of Landlord or its agents or employees, Landlord, its agents, and
employees, will not be liable for any loss, injury, death, or damage (including consequential
damages) to persons, property, or Tenant’s business occasioned by theft, act of God, public enemy,
injunction, riot, strike, insurrection, war, court order, requisition, order of governmental body
or authority, fire, explosion, falling objects, steam, water, rain or snow, leak or flow of water
(including water from the elevator system), rain or snow from the Leased Property or into the
Leased Property or from the roof, street, subsurface or from any other place, or by dampness or
from the breakage, leakage, obstruction, or other defects of the pipes, sprinklers, wires,
appliances, plumbing, air conditioning, or lighting fixtures of the Leased Property, or from
construction, repair, or alteration of the Leased Property or from any acts or omissions of any
other occupant or visitor of the Leased Property, or from any other cause beyond Landlord’s
control.

ARTICLE 6: USE AND ACCEPTANCE OF PREMISES

6.1 Use of Leased Property. Tenant shall use and occupy the Leased Property
exclusively for the Facility Uses specified for each Facility and for all lawful or licensed
ancillary uses, and for no other purpose without the prior written consent of Landlord. Tenant
shall obtain and maintain all approvals, licenses, and consents needed to use and operate the
Leased Property as herein permitted. Tenant shall deliver to Landlord complete copies of surveys,
examinations, certification and licensure inspections, compliance certificates, and other similar
reports issued to Tenant by any governmental agency within 10 days after Tenant’s receipt of each
item.

 

26

 

6.2 Acceptance of Leased Property. Tenant acknowledges that [i] Tenant and its agents
have had an opportunity to inspect the Leased Property; [ii] Tenant has found the Leased Property
fit for Tenant’s use; [iii] Landlord will deliver the Leased Property to Tenant in “as-is”
condition; [iv] Landlord is not obligated to make any improvements or repairs to the Leased
Property; and [v] the roof, walls, foundation, heating, ventilating, air conditioning, telephone,
sewer, electrical, mechanical, elevator, utility, plumbing, and other portions of the Leased
Property are in good working order. Tenant waives any claim or action against Landlord with
respect to the condition of the Leased Property. LANDLORD MAKES NO WARRANTY OR REPRESENTATION,
EXPRESS OR IMPLIED, IN RESPECT OF THE LEASED PROPERTY OR ANY PART THEREOF, EITHER AS TO ITS
FITNESS FOR USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, OR AS TO
QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, LATENT OR PATENT, IT BEING AGREED THAT ALL SUCH
RISKS ARE TO BE BORNE BY TENANT.

6.3 Conditions of Use and Occupancy. Tenant agrees that during the Term it shall use
and keep the Leased Property in a safe and proper manner; not commit or suffer waste thereon; not
use or occupy the Leased Property for any unlawful purposes; not use or occupy the Leased Property
or permit the same to be used or occupied, for any purpose or business deemed extra-hazardous on
account of fire or otherwise; keep the Leased Property in such repair and condition as may be
required by the Board of Health, or other city, state or federal authorities, free of all cost to
Landlord; not permit any acts to be done which will cause the cancellation, invalidation, or
suspension of any insurance policy; and permit Landlord and its agents to enter upon the Leased
Property at all reasonable times to examine the condition thereof. Landlord shall have the right
to have an annual inspection of the Leased Property performed and Tenant shall pay an inspection
fee of $1,500.00 per Facility plus Landlord’s reasonable out-of-pocket expenses within 30 days
after receipt of Landlord’s invoice.

ARTICLE 7: MAINTENANCE AND MECHANICS’ LIENS

7.1 Maintenance. Except for damages caused by a Casualty or a Taking, which shall be
subject to the provisions of Articles 9 and 10 hereof, respectively, Tenant shall maintain, repair,
and replace the Leased Property, including, without limitation, all structural and nonstructural
repairs and replacements to the roof, foundations, exterior walls, HVAC systems, equipment, parking
areas, sidewalks, water, sewer and gas connections, pipes and mains, ordinary wear and tear
excepted. Tenant shall pay, as Additional Charges, the full cost of maintenance, repairs, and
replacements. Tenant shall maintain all drives, sidewalks, parking areas, and lawns on or about the
Leased Property in a clean and orderly condition, free of accumulations of dirt, rubbish, snow and
ice. Tenant shall at all times maintain, operate and otherwise manage the Leased Property on a
basis and in a manner consistent with the standards of quality competing facilities in the market
areas served by the Leased Property. All repairs shall, to the extent reasonably achievable, be at
least equivalent in quality to the original work or the property to be repaired shall be replaced.
Tenant will not take or omit to take any action the taking or omission of which might materially
impair the value or the usefulness of the Leased Property or any parts thereof for the Facility
Uses. Tenant shall permit Landlord to inspect the Leased Property at all reasonable times, and if
Landlord gives Tenant notice of maintenance problem areas, Tenant shall deliver to Landlord a plan
of correction within 20 Business Days

 

27

 

after receipt of the notice. Tenant shall diligently pursue correction of all
problem areas within 60 days after receipt of the notice and, upon expiration of the
60-day period, shall deliver evidence of completion to Landlord or an interim report
evidencing Tenant’s diligent progress towards completion and, at the end of the next
60-day period, evidence of satisfactory completion. Upon completion, Landlord shall have
the right to re-inspect the Facility and Tenant shall pay Landlord’s reasonable
out-of-pocket expenses within 30 days after receipt of Landlord’s invoice. At each
inspection of the Leased Property by Landlord, the Facility employee in charge of
maintenance shall be available to tour the Facility with Landlord and answer questions.
Tenant further agrees to allow Lender access to the Facility consistent with the terms of
the Assumed Mortgage.

7.2 Required Alterations. Tenant shall, at Tenant’s sole cost and expense, make any
additions, changes, improvements or alterations to the Leased Property, including structural
alterations, which may be required by any governmental authorities, including those required to
maintain licensure or certification under the Medicare and Medicaid programs (if so certified),
whether such changes are required by Tenant’s use, changes in the law, ordinances, or governmental
regulations, defects existing as of the date of this Lease, or any other cause whatsoever. All such
additions, changes, improvements or alterations shall be deemed to be Permitted Alterations and
shall comply with all laws requiring such alterations and with the provisions of §16.4.

7.3 Mechanic’s Liens. Tenant shall have no authority to permit or create a lien
against Landlord’s interest in the Leased Property, and Tenant shall post notices or file such
documents as may be required to protect Landlord’s interest in the Leased Property against liens.
Tenant hereby agrees to defend, indemnify, and hold Landlord harmless from and against any
mechanic’s liens against the Leased Property by reason of work, labor, services or materials
supplied or claimed to have been supplied on or to the Leased Property. Tenant shall remove,
bond-off, or otherwise obtain the release of any mechanic’s lien filed against the Leased Property
within 10 days after notice of the filing thereof. Tenant shall pay all expenses in connection
therewith, including, without limitation, damages, interest, court costs and reasonable attorneys’
fees.

7.4 Replacements of Fixtures and Landlord’s Personal Property. Tenant shall not remove
Fixtures and Landlord’s Personal Property from the Leased Property except to replace the Fixtures
and Landlord’s Personal Property by other similar items of equal quality and value. Items being
replaced by Tenant may be removed and shall become the property of Tenant and items replacing the
same shall be and remain the property of Landlord. Tenant shall execute, upon written request from
Landlord, any and all documents necessary to evidence Landlord’s ownership of Landlord’s Personal
Property and replacements therefor. Subject to the terms of the Assumed Mortgage, Tenant may
finance replacements for the Fixtures and Landlord’s Personal Property by equipment lease or by a
security agreement and financing statement if [i] Landlord has consented to the terms and
conditions of the equipment lease or security agreement; and [ii] the equipment lessor or lender
has entered into a nondisturbance agreement with Landlord upon terms and conditions reasonably
acceptable to Landlord, including, without limitation, the following: [a] Landlord shall have the
right (but not the obligation) to assume such security agreement or equipment lease upon the
occurrence of an Event of Default under this Lease; [b] the equipment lessor or lender shall notify
Landlord of any default by Tenant

 

28

 

under the equipment lease or security agreement and give Landlord a reasonable opportunity to cure
such default; and [c] Landlord shall have the right to assign its rights under the equipment
lease, security agreement, or nondisturbance agreement. Notwithstanding the foregoing, Landlord
and Tenant recognize and acknowledge that Lender’s consent is required under the terms of the
Assumed Mortgage for certain replacements of Fixtures and Landlord’s Personal Property. Tenant
shall, within 30 days after receipt of an invoice from Landlord, reimburse Landlord for all costs
and expenses incurred in reviewing and approving the equipment lease, security agreement, and
nondisturbance agreement, including, without limitation, reasonable attorneys’ fees and costs.

ARTICLE 8: DEFAULTS AND REMEDIES

8.1 Events of Default. The occurrence of any one or more of the following shall be an
event of default (“Event of Default”) hereunder without any advance notice to Tenant unless
specified herein:

(a) Tenant fails to pay in full [i] any installment of Base Rent within 10 days after such
payment is due (or such earlier time as is required for the payment of principal and interest under
the Assumed Note and related documents) or, [ii] any Additional Charges or any other monetary
obligation payable by Tenant under this Lease (including the Option Price) within 10 days after the
time period for payment thereof set forth in this Lease.

(b) Tenant, Subtenant or Guarantor (where applicable) fails to comply with any covenant set
forth in Article 14 (other than §14.8), §15.6, §15.7, the last sentence of §15.8 or Article 20 of
this Lease.

(c) Tenant fails to observe and perform any other covenant, condition or agreement under this
Lease to be performed by Tenant and [i] such failure continues for a period of 30 days after
written notice thereof is given to Tenant by Landlord; or [ii] if, by reason of the nature of such
default it cannot be remedied within 30 days, Tenant fails to proceed with diligence reasonably
satisfactory to Landlord after receipt of the notice to cure the default or, in any event, fails to
cure such default within 60 days after receipt of the notice. The foregoing notice and cure
provisions do not apply to any Event of Default otherwise specifically described in any other
subsection of §8.1.

(d) Tenant or Subtenant abandons or vacates any Facility Property or any material part
thereof, ceases to operate any Facility, ceases to do business or ceases to exist for any reason
for any one or more days.

(e) [i] The filing by Tenant, Subtenant or Guarantor of a petition under the Bankruptcy Code
or the commencement of a bankruptcy or similar proceeding by Tenant, Subtenant or Guarantor; [ii]
the failure by Tenant, Subtenant or Guarantor within 60 days to dismiss an involuntary bankruptcy
petition or other commencement of a bankruptcy, reorganization or similar proceeding against such
party, or to lift or stay any execution, garnishment or attachment of such consequence as will
impair its ability to carry on its operation at the Leased Property; [iii] the entry of an order
for relief under the Bankruptcy Code in respect of Tenant, Subtenant or Guarantor; [iv] any
assignment by Tenant, Subtenant or Guarantor for

 

29

 

the benefit of its creditors; [v] the entry by Tenant, Subtenant or Guarantor into an
agreement of composition with its creditors; [vi] the approval by a court of competent jurisdiction
of a petition applicable to Tenant, Subtenant or Guarantor in any proceeding for its reorganization
instituted under the provisions of any state or federal bankruptcy, insolvency, or similar laws;
[vii] appointment by final order, judgment, or decree of a court of competent jurisdiction of a
receiver of a whole or any substantial part of the properties of Tenant, Subtenant or Guarantor
(provided such receiver shall not have been removed or discharged within 60 days of the date of his
qualification).

(f) [i] Any receiver, administrator, custodian or other person takes possession or control of
any of the Leased Property and continues in possession for 60 days;
[ii] any writ against any of the Leased Property is not released within 60 days; [iii] any judgment
is rendered against the Leased Property, Tenant or Subtenant of more than $200,000.00 which affect
the Leased Property or any part thereof, which is not dismissed, discharged, or bonded off within
60 days (except as otherwise provided in this section); [iv] all or a substantial part of the
assets of Tenant, Subtenant or Guarantor are attached, seized, subjected to a writ or distress
warrant, or are levied upon, or come into the possession of any receiver, trustee, custodian, or
assignee for the benefit of creditors; [v] Tenant, Subtenant or Guarantor is enjoined, restrained,
or in any way prevented by court order, or any proceeding is filed or commenced seeking to enjoin,
restrain or in any way prevent Tenant, Subtenant or Guarantor from conducting all or a substantial
part of its business or affairs; or [vi] except as otherwise permitted hereunder, a final notice of
lien, levy or assessment is filed of record with respect to all or any part of the Leased Property
or any property of Tenant or Subtenant located at the Leased Property and is not dismissed,
discharged, or bonded-off within 60 days.

(g) Any representation or warranty made by Tenant, Subtenant or Guarantor in this Lease or any
other document executed in connection with this Lease, any guaranty of or other security for this
Lease, or any report, certificate, application, financial statement or other instrument furnished
by Tenant, Subtenant or Guarantor pursuant hereto or thereto shall prove to be false or misleading
in any material respect as of the date made.

(h) The occurrence of a default under any Material Obligation (not including any Obligor Group
Obligation), and any applicable grace or cure period with respect to default under such
indebtedness or obligation expires without such default having been cured. This provision applies
to all such indebtedness, obligations and agreements as they may be amended, modified, extended, or
renewed from time to time.

(i) [i] The license for the Facility or any other Government Authorization is canceled,
suspended, reduced to provisional or temporary, or otherwise invalidated and not reinstated within
60 days thereafter, [ii] license revocation or decertification proceedings are commenced against
Tenant or Subtenant and not dismissed within 60 days,
[iii] any reduction occurs in the number of licensed beds or units at the Facility and such
original number of beds is not reinstated within 60 days, [iv] an admissions ban is issued for the
Facility and not dismissed within 60 days; or [v] the Facility is identified by CMS as a Special
Focus Facility.

 

30

 

8.2 Remedies. Upon the occurrence of an Event of Default under this Lease or any
Lease Document, and at any time thereafter until Landlord waives the default in writing or
acknowledges cure of the default in writing, at Landlord’s option, without declaration, notice of
nonperformance, protest, notice of protest, notice of default, notice to quit or any other notice
or demand of any kind, Landlord may exercise any and all rights and remedies provided in this
Lease or any Lease Document or otherwise provided under law or in equity, including, without
limitation, any one or more of the following remedies (provided that Landlord shall not be
entitled to recover the same or equivalent damages more than once):

(a) Landlord may re-enter and take possession of the Leased Property without terminating this
Lease, and lease the Leased Property for the account of Tenant, holding Tenant liable for all costs
of Landlord in reletting the Leased Property and for the difference in the amount received by such
reletting and the amounts payable by Tenant under the Lease.

(b) Landlord may terminate this Lease by written notice to Tenant, exclude Tenant from
possession of the Leased Property and use reasonable efforts to lease the Leased Property to others
at a commercially available rent, holding Tenant liable for the difference in the amounts received
from such reletting and the amounts payable by Tenant under this Lease.

(c) Landlord may re-enter the Leased Property and have, repossess and enjoy the Leased
Property as if this Lease had not been made, and in such event, Tenant and its successors and
assigns shall remain liable for any contingent or unliquidated obligations or sums owing at the
time of such repossession; but Tenant shall not be liable for Rent with respect to periods from and
after such event.

(d) Landlord may have access to and inspect, examine and make copies of the books and records
and any and all accounts, data and income tax and other returns of Tenant insofar as they pertain
to the Leased Property.

(e) Landlord may accelerate all of the unpaid Rent hereunder based on the then current Rent
Schedule and Tenant shall be liable for the present value of the aggregate Rent for the unexpired
term of this Lease, discounted at an annual rate equal to the then-current U.S. Treasury Note rate
for the closest comparable term.

(f) Landlord may take whatever action at law or in equity as may appear necessary or desirable
to collect the Rent and other amounts payable under this Lease then due and thereafter to become
due, or to enforce performance and observance of any obligations, agreements or covenants of Tenant
under this Lease.

(g) With respect to the Collateral or any portion thereof and Secured Party’s security
interest therein, Secured Party may exercise all of its rights as secured party under Article 9.
Secured Party may sell the Collateral by public or private sale upon 10 days’ notice to Tenant or
Subtenant. Tenant and Subtenant agree that a commercially reasonable manner of disposition of the
Collateral shall include, without limitation and at the option of Secured Party, a sale of the
Collateral, in whole or in part, concurrently with the sale of the Leased Property.

 

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(h) Secured Party may obtain control over and collect the Receivables and apply the proceeds
of the collections to satisfaction of the Obligor Group Obligations unless prohibited by law.
Tenant and Subtenant appoint HCN or its designee as attorney for Tenant and Subtenant,
respectively, with powers [i] to receive, to endorse, to sign and/or to deliver, in Tenant’s or
Subtenant’s name or Secured Party’s name, any and all checks, drafts, and other instruments for the
payment of money relating to the Receivables, and to waive demand, presentment, notice of dishonor,
protest, and any other notice with respect to any such instrument; [ii] to sign Tenant’s or
Subtenant’s name on any invoice or bill of lading relating to any Receivable, drafts against
account debtors, assignments and verifications of Receivables, and notices to account debtors;
[iii] to send verifications of Receivables to any account debtor; and [iv] to do all other acts and
things necessary to carry out this Lease. Secured Party shall not be liable for any omissions,
commissions, errors of judgment, or mistakes in fact or law made in the exercise of any such
powers. At Secured Party’s option, Tenant and Subtenant shall [i] provide Secured Party a full
accounting of all amounts received on account of Receivables with such frequency and in such form
as Secured Party may require, either with or without applying all collections on Receivables in
payment of the Obligor Group Obligations or [ii] deliver to Secured Party on the day of receipt all
such collections in the form received and duly endorsed by Tenant or Subtenant, as applicable. At
Secured Party’s request, Tenant and Subtenant shall institute any action or enter into any
settlement determined by Secured Party to be necessary to obtain recovery or redress from any
account debtor in default of Receivables. Secured Party may give notice of its security interest in
the Receivables to any or all account debtors with instructions to make all payments on Receivables
directly to Secured Party, thereby terminating Tenant’s and Subtenant’s authority to collect
Receivables. After terminating Tenant’s and Subtenant’s authority to enforce or collect
Receivables, Secured Party shall have the right to take possession of any or all Receivables and
records thereof and is hereby authorized to do so, and only Secured Party shall have the right to
collect and enforce the Receivables. Prior to the occurrence of an Event of Default, at Tenant’s
and Subtenant’s cost and expense, but on behalf of Secured Party and for Secured Party’s account,
Tenant and Subtenant shall collect or otherwise enforce all amounts unpaid on Receivables and hold
all such collections in trust for Secured Party, but Tenant and Subtenant may commingle such
collections with Tenant’s and Subtenant’s own funds, until Tenant’s and Subtenant’s authority to do
so has been terminated, which may be done only after an Event of Default. Notwithstanding any other
provision hereof, Secured Party does not assume any of Tenant’s or Subtenant’s obligations under
any Receivable, and Secured Party shall not be responsible in any way for the performance of any of
the terms and conditions thereof by Tenant or Subtenant.

(i) Without waiving any prior or subsequent Event of Default, Landlord may waive any Event of
Default or, with or without waiving any Event of Default, remedy any default.

(j) Landlord may terminate its obligation, if any, to disburse any
Landlord Payments.

(k) Landlord may enter and take possession of the Land or any portion thereof and any one or
more Facilities without terminating this Lease and complete construction and renovation of the
Improvements (or any part thereof) and perform the obligations of Tenant under the Lease Documents.
Without limiting the generality of the foregoing and for the

 

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purposes aforesaid, Tenant hereby appoints HCN its lawful attorney-in-fact with
full power to do any of the following: [i] complete construction, renovation and
equipping of the Improvements in the name of Tenant; [ii] use unadvanced funds remaining
under the Investment Amount, or funds that may be reserved, escrowed, or set aside for
any purposes hereunder at any time, or to advance funds in excess of the Investment
Amount, to complete the Improvements; [iii] make changes in the plans and specifications
that shall be necessary or desirable to complete the Improvements in substantially the
manner contemplated by the plans and specifications; [iv] retain or employ new general
contractors, subcontractors, architects, engineers, and inspectors as shall be required
for said purposes; [v] pay, settle, or compromise all existing bills and claims, which
may be liens or security interests, or to avoid such bills and claims becoming liens
against the Facility or security interest against fixtures or equipment, or as may be
necessary or desirable for the completion of the construction and equipping of the
Improvements or for the clearance of title; [vi] execute all applications and
certificates, in the name of Tenant, that may be required in connection with any
construction; [vii] do any and every act that Tenant might do in its own behalf, to
prosecute and defend all actions or proceedings in connection with the Improvements; and
[viii] to execute, deliver and file all applications and other documents and take any and
all actions necessary to transfer the operations of the Facility to Secured Party or
Secured Party’s designee. This power of attorney is a power coupled with an interest and
cannot be revoked.

(l) Landlord may apply, with or without notice to Tenant, for the appointment of a receiver
(“Receiver”) for Tenant or Tenant’s business or for the Leased Property. Unless prohibited by law,
such appointment may be made either before or after termination of Tenant’s possession of the
Leased Property, without notice, without regard to the solvency or insolvency of Tenant at the time
of application for such Receiver and without regard to the then value of the Leased Property, and
Secured Party may be appointed as Receiver. After the occurrence of an Event of Default, Landlord
shall be entitled to appointment of a receiver as a matter of right and without the need to make
any showing other than the existence of an Event of Default. The Receiver shall have the power to
collect the rents, income, profits and Receivables of the Leased Property during the pendency of
the receivership and all other powers which may be necessary or are usual in such cases for the
protection, possession, control, management and operation of the Leased Property during the whole
of said proceeding. All sums of money received by the Receiver from such rents and income, after
deducting therefrom the reasonable charges and expenses paid or incurred in connection with the
collection and disbursement thereof, shall be applied to the payment of the Rent or any other
monetary obligation of Tenant under this Lease, including, without limitation, any losses or
damages incurred by Landlord under this Lease. Tenant, if requested to do so, will consent to the
appointment of any such Receiver as aforesaid.

(m) Landlord may terminate any management agreement with respect to any of the Leased Property
and shall have the right to retain, at commercially reasonable rates, one or more managers for the
Leased Property at the expense of Tenant, such manager(s) to serve for such term and at such
compensation as Landlord reasonably determines is necessary under the circumstances.

8.3 Right of Setoff. Landlord may, and is hereby authorized by Tenant to, at any
time and from time to time without advance notice to Tenant (any such notice being

 

33

 

expressly waived by Tenant), setoff or recoup and apply any and all sums held by
Landlord, any indebtedness of Landlord to Tenant, and any claims by Tenant against
Landlord, against any obligations of Tenant hereunder and against any claims by Landlord
against Tenant, whether or not such obligations or claims of Tenant are matured and
whether or not Landlord has exercised any other remedies hereunder. The rights of
Landlord under this section are in addition to any other rights and remedies Landlord may
have against Tenant.

8.4 Performance of Tenant’s Covenants. Landlord may perform any obligation of Tenant
which Tenant has failed to perform within five days after Landlord has sent a written notice to
Tenant informing it of its specific failure. Tenant shall reimburse Landlord on demand, as
Additional Charges, for any expenditures thus incurred by Landlord and shall pay interest thereon
at Landlord’s rate of return as provided in the Commitment.

8.5 Late Payment Charge. Tenant acknowledges that any default in the payment of any
installment of Rent payable hereunder will result in loss and additional expense to Landlord in
servicing any indebtedness of Landlord secured by the Leased Property, handling such delinquent
payments, and meeting its other financial obligations, and because such loss and additional
expense is extremely difficult and impractical to ascertain, Tenant agrees that in the event any
Rent payable to Landlord hereunder is not paid within 10 days after the due date, Tenant shall pay
a late charge of 5% of the amount of the overdue payment as a reasonable estimate of such loss and
expenses, unless applicable law requires a lesser charge, in which event the maximum rate
permitted by such law may be charged by Landlord. The 10-day grace period set forth in this
section shall not extend the time for payment of Rent or the period for curing any default or
constitute a waiver of such default.

8.6 Default Rent. At Landlord’s option at any time after the occurrence of an Event
of Default and while such Event of Default remains uncured, the Base Rent payable under this Lease
shall be increased to reflect Landlord’s rate of return of 12.0% per annum on the Investment
Amount (“Default Rent”); provided, however, that if a court of competent jurisdiction determines
that any other amounts payable under this Lease are deemed to be interest, the Default Rent shall
be adjusted to ensure that the aggregate interest payable under this Lease does not accrue at a
rate in excess of the maximum legal rate.

8.7 Attorneys’ Fees. Tenant shall pay all reasonable costs and expenses incurred by
Landlord in enforcing or preserving Landlord’s rights under this Lease, whether or not an Event of
Default has actually occurred or has been declared and thereafter cured, including, without
limitation, [i] the fees, expenses, and costs of any litigation, appellate, receivership,
administrative, bankruptcy, insolvency or other similar proceeding; [ii] reasonable attorney,
paralegal, consulting and witness fees and disbursements, whether in-house counsel or outside
counsel; and [iii] the reasonable expenses, including, without limitation, lodging, meals, and
transportation, of Landlord and its employees, agents, attorneys, and witnesses in preparing for
litigation, administrative, bankruptcy, insolvency or other similar proceedings and attendance at
hearings, depositions, and trials in connection therewith. All such reasonable costs, expenses,
charges and fees payable by Tenant shall be deemed to be Additional Charges under this Lease.

8.8 Escrows and Application of Payments. As security for the performance of the
Obligor Group Obligations, Tenant hereby assigns to Landlord all its right, title, and interest

 

34

 

in and to all monies escrowed with Landlord under this Lease, all Escrow Payments
and all deposits with utility companies, taxing authorities and insurance companies;
provided, however, that Landlord shall not exercise its rights hereunder until an Event
of Default has occurred. Any payments received by Landlord under any provisions of this
Lease during the existence or continuance of an Event of Default shall be applied to the
Obligor Group Obligations in the order which Landlord may determine. Tenant further
acknowledges that Landlord may be required to grant to Lender a security interest in
Landlord’s collateral right to such escrowed monies, Escrow Payments and deposits.

8.9 Remedies Cumulative. The remedies of Landlord herein are cumulative to and not in
lieu of any other remedies available to Landlord at law or in equity. The use of any one remedy
shall not be taken to exclude or waive the right to use any other remedy.

8.10 Waivers. Tenant waives [i] any notice required by statute or other law as a
condition to bringing an action for possession of, or eviction from, any of the Leased Property,
[ii] any right of re-entry or repossession, [iii] any right to a trial by jury in any action or
proceeding arising out of or relating to this Lease, [iv] any objections, defenses, claims or
rights with respect to the exercise by Landlord of any rights or remedies, [v] any right of
redemption whether pursuant to statute, at law or in equity, [vi] all presentments, demands for
performance, notices of nonperformance, protest, notices of protest, notices of dishonor, notices
to quit and any other notice or demand of any kind, and [vii] all notices of the existence,
creation or incurring of any obligation or advance under this Lease before or after this date.

8.11 Obligations Under the Bankruptcy Code. Upon filing of a petition by or against
Tenant under the Bankruptcy Code, Tenant, as debtor and as debtor-in-possession, and any trustee
who may be appointed with respect to the assets of or estate in bankruptcy of Tenant, agree to pay
monthly in advance on the first day of each month, as reasonable compensation for the use and
occupancy of the Leased Property, an amount equal to all Rent due pursuant to this Lease. Included
within and in addition to any other conditions or obligations imposed upon Tenant or its successor
in the event of the assumption and/or assignment of this Lease are the following: [i] the cure of
any monetary defaults and reimbursement of pecuniary loss within not more than 15 Business Days of
assumption and/or assignment; [ii] the deposit of an additional amount equal to not less than three
months’ Base Rent, which amount is agreed to be a necessary and appropriate deposit to adequately
assure the future performance under this Lease of the Tenant or its assignee; and [iii] the
continued use of the Leased Property for the Facility Uses. Nothing herein shall be construed as an
agreement by Landlord to any assignment of this Lease or a waiver of Landlord’s right to seek
adequate assurance of future performance in addition to that set forth hereinabove in connection
with any proposed assumption and/or assignment of this Lease.

ARTICLE 9: DAMAGE AND DESTRUCTION

9.1 Notice of Casualty. If the Leased Property shall be destroyed, in whole or in
part, or damaged by fire, flood, windstorm or other casualty in excess of $150,000.00 (a
“Casualty”), Tenant shall give written notice thereof to Landlord within three Business Days after
the occurrence of the Casualty. Within 15 days after the occurrence of the Casualty or as soon
thereafter as such information is reasonably available to Tenant, Tenant shall provide the

 

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following information to Landlord: [i] the date of the Casualty; [ii] the nature of the Casualty;
[iii] a description of the damage or destruction caused by the Casualty, including the type of
Leased Property damaged and the area of the Improvements damaged; [iv] a preliminary estimate of
the cost to repair, rebuild, restore or replace the Leased Property; [v] a preliminary estimate of
the schedule to complete the repair, rebuilding, restoration or replacement of the Leased Property;
[vi] a description of the anticipated property insurance claim, including the name of the insurer,
the insurance coverage limits, the deductible amount, the expected settlement amount, and the
expected settlement date; and [vii] a description of the business interruption claim, including the
name of the insurer, the insurance coverage limits, the deductible amount, the expected settlement
amount, and the expected settlement date. Within five days after request from Landlord, Tenant will
provide Landlord with copies of all correspondence to the insurer and any other information
reasonably requested by Landlord.

9.2 Substantial Destruction.

9.2.1 If any Facility’s Improvements are substantially destroyed at any time other than
during the final 12 months of the Initial Term or any Renewal Term, Tenant shall promptly rebuild
and restore such Improvements in accordance with §9.4 and Landlord shall make the insurance
proceeds available to Tenant for such restoration. The term “substantially destroyed” means any
casualty resulting in the loss of use of 50% or more of the licensed beds at any one Facility.

9.2.2 If any Facility’s Improvements are substantially destroyed during the final 12 months of
the Initial Term or any Renewal Term, Landlord may elect to terminate this Lease with respect to
the entire Leased Property and retain the insurance proceeds unless Tenant exercises its option to
renew as set forth in §9.2.3 or exercises its option to purchase as set forth in §9.2.4. If
Landlord elects to terminate, Landlord shall give notice (“Termination Notice”) of its election to
terminate this Lease within 30 days after receipt of Tenant’s notice of the damage. If Tenant does
not exercise its option to renew under §9.2.3 or its option to purchase under §9.2.4 within 30 days
after delivery of the Termination Notice, this Lease shall terminate on the 30th day after delivery
of the Termination Notice. If this Lease is so terminated, Tenant shall be liable to Landlord for
all Rent and all other obligations accrued under this Lease through the effective date of
termination.

9.2.3 If any Facility’s Improvements are substantially destroyed during the final 12 months
of the Initial Term and Landlord gives the Termination Notice, Tenant shall have the option to
renew this Lease with respect to the entire Leased Property (but not any part thereof). Tenant
shall give Landlord irrevocable notice of Tenant’s election to renew within 30 days after delivery
of the Termination Notice. If Tenant elects to renew, the Renewal Term will be in effect for the
balance of the then current Term plus a 15-year period. The Renewal Term will commence on the
third day following Landlord’s receipt of Tenant’s notice of renewal. All other terms of this
Lease for the Renewal Term shall be in accordance with Article 12. The Improvements will be
restored by Tenant in accordance with the provisions of this Article 9 regarding partial
destruction.

9.2.4 If any Facility’s Improvements are substantially destroyed during the final 12 months
of the Initial Term or any Renewal Term and Landlord gives the Termination Notice,

 

36

 

Tenant shall have the option to purchase the entire Leased Property (but not any part
thereof). Tenant shall give Landlord notice of Tenant’s election to purchase within 30 days after
delivery of the Termination Notice. If Tenant elects to purchase the Leased Property, the Option
Price will be determined in accordance with §13.2 and the Fair Market Value will be determined in
accordance with §13.3 except as otherwise provided in this section. For purposes of determining
the Fair Market Value, the Leased Property will be valued as if it had been restored to be equal
in value to the Leased Property existing immediately prior to the occurrence of the damage. All
other terms of the option to purchase shall be in accordance with Article 13. Landlord shall hold
the insurance proceeds until the closing of the purchase of the Leased Property and at closing
shall deliver the proceeds to Tenant.

9.3 Partial Destruction. If any Facility’s Improvements are not substantially
destroyed, then Tenant shall comply with the provisions of §9.4 and Landlord shall make the
insurance proceeds available to Tenant for such restoration.

9.4 Restoration. Tenant shall promptly repair, rebuild, or restore the damaged Leased
Property, at Tenant’s expense, so as to make the Leased Property as close as possible in value to
the Leased Property existing immediately prior to such occurrence and as nearly similar to it in
character as is practicable and reasonable. Before beginning such repairs or rebuilding, or letting
any contracts in connection with such repairs or rebuilding, Tenant will submit for Landlord’s
approval, which approval Landlord will not unreasonably withhold or delay, plans and specifications
meeting the requirements of §16.2 for such repairs or rebuilding. Promptly after receiving
Landlord’s approval of the plans and specifications and receiving the proceeds of insurance, Tenant
will begin such repairs or rebuilding and will prosecute the repairs and rebuilding to completion
with diligence, subject, however, to strikes, lockouts, acts of God, embargoes, governmental
restrictions, and other causes beyond Tenant’s reasonable control. Landlord will make available to
Tenant the net proceeds of any fire or other casualty insurance paid to Landlord for such repair or
rebuilding as the same progresses, after deduction of any costs of collection, including attorneys’
fees. Payments will be made against properly certified vouchers of a competent architect in charge
of the work and approved by Landlord. Payments for deposits for the repairing or rebuilding or
delivery of materials to the Facility will be made upon Landlord’s receipt of evidence reasonably
satisfactory to Landlord that such payments are required in advance. Prior to commencing the
repairing or rebuilding, Tenant shall deliver to Landlord for Landlord’s approval a schedule
setting forth the estimated monthly draws for such work. Landlord will contribute to such payments
out of the insurance proceeds an amount equal to the proportion that the total net amount received
by Landlord from insurers bears to the total estimated cost of the rebuilding or repairing,
multiplied by the payment by Tenant on account of such work. Landlord may, however, withhold 10%
from each payment until the work is completed and proof has been furnished to Landlord that no lien
or liability has attached or will attach to the Leased Property or to Landlord in connection with
such repairing or rebuilding. Upon the completion of rebuilding and the furnishing of such proof,
the balance of the net proceeds of such insurance payable to Tenant on account of such repairing or
rebuilding will be paid to Tenant. Tenant will obtain and deliver to Landlord a temporary or final
certificate of occupancy or local equivalent before the damaged Leased Property is reoccupied for
any purpose. Tenant shall complete such repairs or rebuilding free and clear of mechanic’s or other
liens, and in accordance with the building codes and all applicable laws, ordinances, regulations,
or orders of any state, municipal, or other public authority affecting the repairs or rebuilding,
and

 

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also in accordance with all requirements of the insurance rating organization, or
similar body. Any remaining proceeds of insurance after such restoration will be Tenant’s
property.

9.5 Insufficient Proceeds. If the proceeds of any insurance settlement are
not sufficient to pay the costs of Tenant’s repair, rebuilding or restoration under §9.4
in full, Tenant shall deposit with Landlord at Landlord’s option, and within 10 days of
Landlord’s request, an amount sufficient in Landlord’s reasonable judgment to complete
such repair, rebuilding or restoration. Tenant shall not, by reason of the deposit or
payment, be entitled to any reimbursement from Landlord or diminution in or postponement
of the payment of the Rent. Landlord shall disburse such deposit at the same time and in
the same manner as Landlord disburses insurance proceeds under §9.4 hereof.

9.6 Not Trust Funds. Notwithstanding anything herein or at law or equity to
the contrary, none of the insurance proceeds paid to Landlord as herein provided shall be
deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as
provided in this Article 9. Tenant expressly assumes all risk of loss, including a
decrease in the use, enjoyment or value, of the Leased Property from any casualty
whatsoever, whether or not insurable or insured against.

9.7 Landlord’s Inspection. During the progress of such repairs or
rebuilding, Landlord and its architects and engineers may, from time to time, inspect the
Leased Property and will be furnished, if required by them, with copies of all plans,
shop drawings, and specifications relating to such repairs or rebuilding. Tenant will
keep all plans, shop drawings, and specifications at the building, and Landlord and its
architects and engineers may examine them at all reasonable times. If, during such
repairs or rebuilding, Landlord and its architects and engineers determine that the
repairs or rebuilding are not being done in accordance with the approved plans and
specifications, Landlord will give prompt notice in writing to Tenant, specifying in
detail the particular deficiency, omission, or other respect in which Landlord claims
such repairs or rebuilding do not accord with the approved plans and specifications. Upon
the receipt of any such notice, Tenant will cause corrections to be made to any
deficiencies, omissions, or such other respect. Tenant’s obligations to supply insurance,
according to Article 4, will be applicable to any repairs or rebuilding under this
section.

9.8 Landlord’s Costs. Tenant shall, within 30 days after receipt of an
invoice from Landlord, pay the costs, expenses, and fees of any architect or engineer
employed by Landlord to review any plans and specifications and to supervise and approve
any construction, or for any services rendered by such architect or engineer to Landlord
as contemplated by any of the provisions of this Lease, or for any services performed by
Landlord’s attorneys in connection therewith.

9.9 No Rent Abatement. Rent will not abate pending the repairs or rebuilding
of the Leased Property.

9.10 Assumed Mortgage. Notwithstanding the provisions of this Article 9 to
the contrary, Landlord and Tenant each recognize and acknowledge that the Assumed
Mortgage contains express provisions governing the restoration of the Encumbered Facility
and that, for so long as any of the Assumed Obligations remain outstanding, to the extent
any inconsistency

 

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exists between Article 9 of this Lease and the Assumed Mortgage, the terms of the
Assumed Mortgage shall control with respect to the applicable Encumbered Facility.

ARTICLE 10: CONDEMNATION

10.1 Total Taking. If, by exercise of the right of eminent domain or by conveyance
made in response to the threat of the exercise of such right (“Taking”), any entire Facility
Property is taken, or so much of any Facility Property is taken that the Facility Property cannot
be used by Tenant for the purposes for which it was used immediately before the Taking, then this
Lease will end with respect to such Facility Property only on the earlier of the vesting of title
to the Facility Property in the condemning authority or the taking of possession of the Facility
Property by the condemning authority. Upon such termination, the Investment Amount shall be
reduced by the actual net award for such Taking received by Landlord and Rent hereunder shall be
reduced accordingly unless there is only one Facility Property subject to this Lease in which case
the Lease will terminate. The termination of this Lease as to one Facility Property due to a
taking is the result of circumstances beyond the control of Landlord and Tenant and the parties
affirm that, except for such specific isolated situation, this Lease is intended to be a single
indivisible lease. All damages awarded for such Taking under the power of eminent domain shall be
the property of Landlord, whether such damages shall be awarded as compensation for diminution in
value of the leasehold or the fee of the Facility Property.

10.1.1 If any Facility Property is taken during the final 12 months of the Initial Term or any
Renewal Term, Landlord shall have the option to terminate this Lease with respect to all Leased
Property. If Landlord elects to terminate this Lease with respect to all Leased Property, Landlord
shall give notice (the “Taking Termination Notice”) of its election to terminate this Lease within
30 days after receipt of Tenant’s notice of the Taking. In such case, Tenant shall have the option
to purchase all of the Leased Property, other than the Facility Property subject to the Taking.
Tenant shall give Landlord notice of Tenant’s election to purchase within 30 days after delivery of
the Taking Termination Notice. If Tenant elects to purchase all of the Leased Property, the Option
Price will be determined in accordance with §13.2 and the Fair Market Value will be determined in
accordance with §13.3. All other terms of the option to purchase shall be in accordance with
Article 13.

10.1.2 If any Facility Property is taken during the final 12 months of the Initial Term and
Landlord gives the Taking Termination Notice, Tenant shall have the option to renew this Lease with
respect to the entire Leased Property (other than the Leased Property subject to the Taking), but
not any part thereof. Tenant shall give Landlord irrevocable notice of Tenant’s election to renew
within 30 days after delivery of the Taking Termination Notice. If Tenant elects to so renew, the
Renewal Term will be in effect for the balance of the then current Term plus a 15-year period. The
Renewal Term will commence on the third day following Landlord’s receipt of Tenant’s notice of
renewal. All other terms of this Lease for the Renewal Term shall be in accordance with Article 12.

10.2 Partial Taking. If, after a Taking, so much of the Facility Property remains that
the Facility Property can be used for substantially the same purposes for which it was used
immediately before the Taking, then [i] this Lease will end as to the part taken on the earlier of
the vesting of title to such Leased Property in the condemning authority or the taking of

 

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possession of such Leased Property by the condemning authority and the Rent will
be adjusted accordingly; [ii] at its cost, Tenant shall restore so much of the Facility
Property as remains to a sound architectural unit substantially suitable for the purposes
for which it was used immediately before the Taking, using good workmanship and new,
first-class materials; [iii] upon completion of the restoration, Landlord will pay Tenant
the lesser of the net award made to Landlord on the account of the Taking (after
deducting from the total award, attorneys’, appraisers’, and other fees and costs
incurred in connection with the obtaining of the award and amounts paid to the holders of
mortgages secured by the Facility Property), or Tenant’s actual out-of-pocket costs of
restoring the Facility Property; and [iv] Landlord shall be entitled to the balance of
the net award. The restoration shall be completed in accordance with §§9.4, 9.5, 9.7, 9.8
and 9.9 with such provisions deemed to apply to condemnation instead of casualty.

10.3 Condemnation Proceeds Not Trust Funds. Notwithstanding anything in this Lease or
at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed
trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article
10. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment, or
value, of the Leased Property from any Taking.

10.4 Assumed Mortgage. Notwithstanding the provisions of this Article 10 to the
contrary, Landlord and Tenant each recognize and acknowledge that the Assumed Mortgage contains
express provisions governing Takings and that, for so long as any of the Assumed Obligations remain
outstanding, to the extent any inconsistency exists between Article 10 of this Lease and the
Assumed Mortgage, the terms of the Assumed Mortgage shall control with respect to the applicable
Encumbered Facility.

ARTICLE 11: TENANT’S PROPERTY

11.1 Tenant’s Property. Tenant shall install, place, and use on the Leased Property
such fixtures, furniture, equipment, inventory and other personal property in addition to
Landlord’s Personal Property as may be required or as Tenant may, from time to time, deem necessary
or useful to operate the Leased Property for its permitted purposes. All fixtures, furniture,
equipment, inventory, and other personal property installed, placed, or used on the Leased Property
which is owned by Tenant or leased by Tenant from third parties is hereinafter referred to as
“Tenant’s Property”.

11.2 Requirements for Tenant’s Property. Tenant shall comply with all of the following
requirements in connection with Tenant’s Property:

(a) Tenant shall, at Tenant’s sole cost and expense, maintain, repair, and replace Tenant’s
Property.

(b) Tenant shall, at Tenant’s sole cost and expense, keep Tenant’s Property insured against
loss or damage by fire, vandalism and malicious mischief, sprinkler leakage, earthquake, and other
physical loss perils commonly covered by fire and extended coverage, boiler and machinery, and
difference in conditions insurance in an amount not less than 90% of the then full replacement cost
thereof. Tenant shall use the proceeds from any such

 

40

 

policy for the repair and replacement of Tenant’s Property. The insurance shall
meet the requirements of §4.3.

(c) Tenant shall pay all taxes applicable to Tenant’s Property.

(d) If Tenant’s Property is damaged or destroyed by fire or any other cause, Tenant shall
promptly repair or replace Tenant’s Property unless Landlord elects to terminate this Lease
pursuant to §9.2.2.

(e) Unless an Event of Default or any event which, with the giving of notice or lapse of time,
or both, would constitute an Event of Default has occurred, Tenant may remove Tenant’s Property
from the Leased Property from time to time provided that [i] the items removed are not required to
operate the Leased Property for the Facility Uses (unless such items are being replaced by Tenant);
and [ii] Tenant repairs any damage to the Leased Property resulting from the removal of Tenant’s
Property.

(f) Tenant shall not, without the prior written consent of Landlord or as otherwise provided
in this Lease, remove (without replacing) any Tenant’s Property or Leased Property. Tenant shall,
at Landlord’s option, remove Tenant’s Property upon the termination or expiration of this Lease
and shall repair any damage to the Leased Property resulting from the removal of Tenant’s
Property. If Tenant fails to remove Tenant’s Property within 30 days after request by Landlord,
then Tenant shall be deemed to have abandoned Tenant’s Property, Tenant’s Property shall become
the property of Landlord, and Landlord may remove, store and dispose of Tenant’s Property. In such
event, Tenant shall have no claim or right against Landlord for such property or the value thereof
regardless of the disposition thereof by Landlord. Tenant shall pay Landlord, upon demand, all
expenses incurred by Landlord in removing, storing, and disposing of Tenant’s Property and
repairing any damage caused by such removal. Tenant’s obligations hereunder shall survive the
termination or expiration of this Lease.

(g) Tenant shall perform its obligations under any equipment lease or security agreement for
Tenant’s Property. For equipment loans or leases for equipment having an original cost in excess
of $100,000.00 with respect to any Facility, Tenant shall cause such equipment lessor or lender to
enter into a nondisturbance agreement with Landlord upon terms and conditions reasonably
acceptable to Landlord, including, without limitation, the following: [i] Landlord shall have the
right (but not the obligation) to assume such equipment lease or security agreement upon the
occurrence of an Event of Default by Tenant hereunder; [ii] such equipment lessor or lender shall
notify Landlord of any default by Tenant under the equipment lease or security agreement and give
Landlord a reasonable opportunity to cure such default; and [iii] Landlord shall have the right to
assign its interest in the equipment lease or security agreement and nondisturbance agreement.
Tenant shall, within 30 days after receipt of an invoice from Landlord, reimburse Landlord for all
costs and expenses incurred in reviewing and approving the equipment lease, security agreement and
nondisturbance agreement, including, without limitation, reasonable attorneys’ fees and costs.

 

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ARTICLE 12: RENEWAL OPTIONS

12.1 Renewal Options. Tenant has the option to renew (“Renewal Option”) this Lease
for one 15-year renewal term (“Renewal Term”). Tenant can exercise the Renewal Option only upon
satisfaction of the following conditions:

(a) There shall be no uncured Event of Default, or any event which with the passage of time or
giving of notice would constitute an Event of Default, at the time Tenant exercises its Renewal
Option nor on the date the Renewal Term is to commence.

(b) Tenant shall give Landlord irrevocable written notice of renewal no later than the date
which is [i] 90 days prior to the expiration date of the then current Term; or [ii] 30 days after
Landlord’s delivery of the Termination Notice as set forth in §9.2.3.

(c) Tenant shall pay all amounts, costs, expenses, charges, Rent and other items payable by
Tenant to Landlord, including, but not limited to, enforcement costs as set forth in §8.7, on the
Renewal Date.

12.2 Effect of Renewal. The following terms and conditions will be applicable if
Tenant renews the Lease:

(a) Effective Date. Except as otherwise provided in §9.2.3, the effective date of any
Renewal Term will be the first day after the expiration date of the then current Term. The first
day of each Renewal Term is also referred to as the Renewal Date.

(b) Investment Amount. Effective as of the Renewal Date, a single Investment Amount
will be computed by summing all Landlord Payments made to date which have not theretofore been
repaid to Landlord.

(c) Rent Adjustment. Effective as of the Renewal Date, Landlord shall calculate Base
Rent for the first Lease Year of the Renewal Term based upon a fair market value lease rate, with a
floor of the prior Lease Year’s Actual Rate of Return plus the Increaser Rate for the first Lease
Year of the Renewal Term and shall issue a new Rent Schedule reflecting the Base Rent adjustment.
Until Tenant receives a revised Rent Schedule from Landlord, Tenant shall for each month [i]
continue to make installments of Base Rent according to the Rent Schedule in effect on the day
before the Renewal Date; and [ii] within 10 days following Landlord’s issuance of an invoice, pay
the difference between the installment of Base Rent paid to Landlord for such month and the
installment of Base Rent actually due for such month as a result of the renewal of the Lease.

(d) Other Terms and Conditions. Except for the modifications set forth in this §12.2,
all other terms and conditions of the Lease will remain the same for the Renewal Term.

ARTICLE 13: OPTION TO PURCHASE

13.1 Option to Purchase. Landlord hereby grants to Tenant an option to purchase
(“Option to Purchase”) all of the Leased Property (but not any part thereof) in

 

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accordance with the terms and conditions of this Article 13. Tenant may exercise
its Option to Purchase only by giving an irrevocable notice of Tenant’s election to
purchase the Leased Property (“Purchase Notice”) in accordance with the following:

(a) During the Initial Term or any Renewal Term, Tenant must give a Purchase Notice no
earlier than the date which is 180 days, and no later than the date which is 90 days, prior to the
expiration date of the then current Term of this Lease.

(b) If any Facility’s Improvements are substantially destroyed during the final 12 months of
the Initial Term or any Renewal Term, Tenant must give a Purchase Notice within 30 days after
Landlord gives the Termination Notice pursuant to §9.2.4.

(c) If any Facility Property is taken during the final 12 months of the Initial Term or any
Renewal Term by exercise of the right of eminent domain or by conveyance made in response to the
threat of the exercise of such right, Tenant must give a Purchase Notice within 30 days after
delivery of the notice of Landlord’s intent to terminate pursuant to §10.1.1.

Tenant shall have no right to exercise the Option to Purchase other than in accordance with the
terms of this Article 13.

Tenant acknowledges that the Assumed Mortgage contains a due on sale clause, and that the Assumed
Note and the Assumed Mortgage contain additional restrictions on prepayment and assignment, absent
payment in full of the Assumed Obligations, and that any purchase by Tenant of an Encumbered
Facility may require approval by third parties. Tenant shall bear all responsibility and costs
related to obtaining any such approvals and such releases or assignments of the Assumed Note and
the Assumed Mortgage as are necessary to effectuate a transfer of an Encumbered Facility to Tenant
upon exercise of the Option to Purchase and Landlord shall cooperate in good faith with Tenant’s
efforts to obtain such approvals as Tenant may reasonably request. No transfer of any interest in
an Encumbered Facility under the Option to Purchase shall be effective prior to such approvals.

13.2 Option Price. The option price (“Option Price”) will be an amount equal to the
greater of [i] the Investment Amount; or [ii] the sum of [a] the Investment Amount plus [b] 100% of
the difference between the Fair Market Value at the time of the option exercise and the Investment
Amount. In addition to the Option Price, Tenant shall pay all closing costs and expenses in
connection with the transfer of the Leased Property to Tenant, including, but not limited to, the
following: [a] real property conveyance or transfer fees or deed stamps; [b] title search fees,
title insurance commitment fees, and title insurance premiums; [c] survey fees; [d] environmental
assessment fees; [e] recording fees; [f] attorneys’ fees of Landlord’s counsel; [g] fees of any
escrow agent; and [h] any prepayment charges related to the Assumed Mortgage or the Assumed Note,
if being prepaid (and not assumed). Tenant shall also pay all amounts, costs, expenses, charges,
Rent and other items payable by Tenant to Landlord, including, but not limited to, enforcement
costs as set forth in §8.7.

 

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13.3 Fair Market Value. The fair market value (the “Fair Market Value”) of the
Leased Property shall be determined as follows.

13.3.1 The parties shall attempt to determine the Fair Market Value by mutual agreement
within 30 days after giving the Purchase Notice. However, if the parties do not agree on the Fair
Market Value within such 30-day period, the following provisions shall apply.

13.3.2 Landlord and Tenant shall each give the other party notice of the name of an acceptable
appraiser 30 days after giving of the Purchase Notice. The two appraisers will then select a third
appraiser within an additional five days. Each appraiser must demonstrate to the reasonable
satisfaction of both Landlord and Tenant that it has significant experience in appraising
properties similar to the Leased Property. Within five days after designation, each appraiser shall
submit a resume to Landlord and Tenant setting forth such appraiser’s qualifications, including
education and experience with similar properties. A notice of objections to the qualifications of
any appraiser shall be given within 10 days after receipt of such resume. If a party fails to
timely object to the qualifications of an appraiser, then the appraiser shall be conclusively
deemed satisfactory. If a party gives a timely notice of objection to the qualifications of an
appraiser, then the disqualified appraiser shall be replaced by an appraiser selected by the
qualified appraisers or, if all appraisers are disqualified, then by an appraiser selected by a
commercial arbitrator acceptable to Landlord and Tenant.

13.3.3 The Fair Market Value shall be determined by the appraisers within 60 days thereafter
as follows. Each of the appraisers shall be instructed to prepare an appraisal of the Leased
Property in accordance with the following instructions:

The Leased Property is to be valued upon the three conventional approaches to
estimate value known as the Income, Sales Comparison and Cost Approaches. Once
the approaches are completed, the appraiser correlates the individual approaches
into a final value conclusion.

The three approaches to estimate value are summarized as follows:

Income Approach: This valuation approach recognizes that the value of the
operating tangible and intangible assets can be represented by the expected
economic viability of the business giving returns on and of the assets.

Sales Comparison Approach: This valuation approach is based upon the principle
of substitution. When a facility is replaceable in the market, the market
approach assumes that value tends to be set at the price of acquiring an equally
desirable substitute facility. Since healthcare market conditions change and
frequently are subject to regulatory and financing environments, adjustments
need to be considered. These adjustments also consider the operating differences
such as services and demographics.

 

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Cost Approach: This valuation approach estimates the value of the tangible
assets only. Value is represented by the market value of the land plus the
depreciated reproduction cost of all improvements and equipment.

In general, the Income and Sales Comparison Approaches are considered the best representation of
value because they cover both tangibles and intangible assets, consider the operating
characteristics of the business and have the most significant influence on attracting potential
investors.

The appraised values submitted by the three appraisers shall be ranked from highest value to middle
value to lowest value, the appraised value (highest or lowest) which is furthest from the middle
appraised value shall be discarded, and the remaining two appraised values shall be averaged to
arrive at the Fair Market Value.

13.3.4 In the event of any condemnation, similar taking or threat thereof with respect to any
part of the Leased Property or any insured or partially insured casualty loss to any part of the
Leased Property after Tenant has exercised an Option to Purchase, but before settlement, the Fair
Market Value of the Leased Property shall be redetermined as provided in this §13.3 to give effect
to such condemnation, taking or loss and shall take into account all available condemnation awards
and insurance proceeds.

13.3.5 Tenant shall pay, or reimburse Landlord for, all costs and expenses in connection with
the appraisals.

13.4 Closing. The purchase of the Leased Property by Tenant shall close on a date
agreed to by Landlord and Tenant which shall be not less than 60 days after Landlord’s receipt of
the Purchase Notice and not more than 120 days after the Fair Market Value of the Leased Property
has been determined. At the closing, Tenant shall pay the Option Price and all amounts payable
under §13.2 in immediately available funds and Landlord shall convey title to the Leased Property
to Tenant by a transferable and recordable special warranty deed and quitclaim bill of sale.

13.5 Failure to Close Option. If Tenant for any reason fails to purchase the Leased
Property after Tenant has given the Purchase Notice, then Tenant shall pay Landlord all costs and
expenses incurred by Landlord as a result of the failure to close, including costs of unwinding
swap transactions or other interest rate protection devices and preparing for the closing. Tenant
shall continue to be obligated as lessee hereunder for the remainder of the Term.

13.6 Failure to Exercise Option to Purchase and Renewal Option. If Tenant for any
reason does not exercise its Option to Purchase or Renewal Option in accordance with the terms and
conditions of this Lease before the expiration of the then current Term, Tenant shall be deemed to
have forfeited all of Tenant’s rights to exercise the Option to Purchase and Renewal Option.

 

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ARTICLE 14: NEGATIVE COVENANTS

Until the Obligor Group Obligations shall have been performed in full, Tenant, Subtenant and
Guarantor covenant and agree that Tenant and Subtenant (and Guarantor where applicable) shall not
do any of the following without the prior written consent of Landlord:

14.1 No Debt. Tenant and Subtenant shall not create, incur, assume, or permit to
exist any indebtedness other than [i] trade debt incurred in the ordinary course of business; [ii]
indebtedness for Facility working capital purposes in an amount not to exceed $100,000.00 per
Facility; [iii] indebtedness relating to the Letter of Credit; and [iv] indebtedness that is
secured by any Permitted Lien.

14.2 No Liens. Tenant and Subtenant shall not create, incur, or permit to exist [i]
any lien, charge, encumbrance, easement or restriction upon the Leased Property, the Collateral,
or any other asset of Tenant or Subtenant (including any of Tenant’s or Subtenant’s deposit
accounts [as “deposit account” is defined for purposes of Article9]), or [ii] any lien upon or
pledge of any interest in Tenant or Subtenant, except, in either case, for Permitted Liens.

14.3 No Guaranties. Tenant and Subtenant shall not create, incur, assume, or permit to
exist any guarantee of any loan or other indebtedness except for the endorsement of negotiable
instruments for collection in the ordinary course of business.

14.4 No Transfer. Tenant and Subtenant shall not sell, lease, sublease, mortgage,
convey, assign or otherwise transfer any legal or equitable interest in the Leased Property or any
part thereof, except for transfers made in connection with any Permitted Lien.

14.5 No Dissolution. Tenant, Subtenant, Manager (if applicable) or Guarantor shall
not dissolve, liquidate, merge, consolidate or terminate its existence or sell, assign, lease, or
otherwise transfer (whether in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired).

14.6 No Change in Management or Operation. No material change shall occur in the
management or licensed operation of the Facility. Manager (as defined herein) shall remain the
Manager of the Facility. Each Subtenant shall remain the licensed operator of the Facility as
specified on Exhibit C.

14.7 No Investments. Tenant and Subtenant shall not purchase or otherwise acquire,
hold, or invest in securities (whether capital stock or instruments evidencing indebtedness) of or
make loans or advances to any person, including, without limitation, any Guarantor, any Affiliate,
or any shareholder, member or partner of Tenant, Guarantor or any Affiliate, except for cash
balances temporarily invested in short-term or money market securities and such transactions
between Tenant and Subtenants, so long as Subtenants are wholly owned by Tenant.

14.8 Contracts. Tenant and Subtenant shall not execute or modify any material
contracts or agreements with respect to the Facility except for contracts and modifications
approved by Landlord. Contracts made in the ordinary course of business and in an amount less than
$150,000.00 shall not be considered “material” for purposes of this paragraph.

 

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14.9 Subordination of Payments to Affiliates. After the occurrence of an Event of
Default and until such Event of Default is cured, Tenant, Subtenant and Guarantor shall not make
any payments or distributions (including, without limitation, salary, bonuses, fees, principal,
interest, dividends, liquidating distributions, management fees, cash flow distributions or lease
payments) to Guarantor, Manager (if applicable), any Affiliate, or any shareholder, member or
partner of Tenant, Guarantor, Manager (if applicable) or any Affiliate.

14.10 Change of Location or Name. Tenant and Subtenant shall not change any of the
following: [i] the name under which Tenant or Subtenant conducts any of its business or operations;
or [ii] reorganize or otherwise change its respective Organization State. Tenant shall promptly
notify Landlord of any change to the location of the principal place of business or chief executive
office of Tenant or Subtenant, or any office where any of Tenant’s or Subtenant’s books and records
are maintained.

14.11 Anti-Terrorism Laws. None of Tenant, Subtenant, Guarantors, Manager, Company
nor any Affiliate is now, or shall be at any time hereafter, a Blocked Person, whether such
restriction arises under United States law, regulation, executive orders and OFAC Lists, and
neither Tenant nor any Affiliate is engaging, or shall engage, in any dealings or transactions
with, or shall otherwise be associated with, any Blocked Person. Tenant shall not at any time be
in violation of any laws or regulations relating to terrorism, money laundering or similar
activities, including, without limitation, Anti-Terrorism Laws. This §14.11 shall not apply to any
person to the extent such person’s interest in Tenant, Subtenant, Guarantor, Manager, Company or
any Affiliate is through a U.S. Publicly-Traded Entity.

ARTICLE 15: AFFIRMATIVE COVENANTS

15.1 Perform Obligations. Tenant and Subtenant shall each perform all of its
obligations under this Lease, the Government Authorizations, the Permitted Exceptions, and all
Legal Requirements. If applicable, Tenant and each Subtenant shall take all necessary action to
obtain all Government Authorizations required for the operation of the Facility as soon as possible
after the Facility Effective Date.

15.2 Proceedings to Enjoin or Prevent Construction. If any proceedings are filed
seeking to enjoin or otherwise prevent or declare invalid or unlawful Tenant’s construction,
occupancy, maintenance, or operation of the Facility or any portion thereof, Tenant will cause such
proceedings to be vigorously contested in good faith, and in the event of an adverse ruling or
decision, prosecute all allowable appeals therefrom, and will, without limiting the generality of
the foregoing, resist the entry or seek the stay of any temporary or permanent injunction that may
be entered, and use its best efforts to bring about a favorable and speedy disposition of all such
proceedings and any other related proceedings.

15.3 Documents and Information.

15.3.1 Furnish Documents. Tenant, each Subtenant and each Guarantor shall periodically
during the term of the Lease deliver to Landlord all documents, reports, schedules and copies
described on Exhibit E or otherwise required to be delivered by Landlord pursuant to the Assumed
Mortgage within the specified time periods and in electronic format via the email

 

47

 

address reporting@hcreit.com. Landlord may change the email address at
any time by giving notice to Tenant of such change. So long as Landlord obtains a
commercially reasonable confidentiality agreement from the person or entity to which
disclosure will be made, Landlord may exhibit or furnish all Facility financial
statements, licensure reports, financial and property due diligence materials and other
documents, materials and information relating to the Facility, including the Annual
Financial Statements, Periodic Financial Statements, Annual Facility Budget and all other
documents, reports, schedules and copies described on Exhibit E or copies thereof, to any
potential transferee of the Lease or any of the Leased Property, to any governmental or
regulatory authority in connection with any legal, administrative or regulatory
proceedings requiring disclosure, to Landlord’s attorneys, auditors and underwriters, and
to any other person or entity for which there is a legitimate business purpose for such
disclosure.

15.3.2 Furnish Information. Tenant and each Subtenant shall [i] promptly supply
Landlord with such information concerning its financial condition, affairs and property, as
Landlord may reasonably request from time to time hereafter; [ii] promptly notify Landlord in
writing of any condition or event that constitutes a breach or event of default of any term,
condition, warranty, representation, or provisions of this Lease or any Obligor Group Obligation or
Material Obligation, and of any material adverse change in its financial condition; [iii] maintain
a standard and modern system of accounting; [iv] permit Landlord or any of its agent or
representatives to have access to and to examine all of its books and records regarding the
financial condition of the Facility at any time or times hereafter during business hours and after
reasonable oral or written notice; [v] permit Landlord to copy and make abstracts from any and all
of said books and records; and [vi] make provisions to set-up and implement quarterly variance
telephonic conference calls with Landlord upon Landlord’s request.

15.3.3 Further Assurances and Information. Tenant shall, on request of Landlord from
time to time, execute, deliver, and furnish documents as may be necessary to fully consummate the
transactions contemplated under this Lease. Within 15 days after a request from Landlord, Tenant
and each Subtenant shall provide to Landlord such additional information regarding Tenant, Tenant’s
financial condition, Subtenant, each Subtenant’s financial condition or the Facility as Landlord,
or any auditor or underwriter of Landlord, may require from time to time, including, without
limitation, a current Tenant’s Financial Certification and Quarterly Facility Accounts Receivable
Aging Report and Quarterly Facility Accounts Payable Aging Report in the form of Exhibit F. Upon
Landlord’s request, but not more than once every three years (or more often, at Landlord’s
discretion during the continuance of an Event of Default), Tenant shall provide to Landlord, at
Landlord’s expense, an appraisal prepared by an MAI appraiser setting forth the current fair market
value of the Leased Property.

15.3.4 Material Communications. Tenant and each Subtenant shall transmit to Landlord,
within five Business Days after receipt thereof, any communication regarding circumstances which
would reasonably be anticipated to have a material adverse effect on the ownership or operation of
a Facility, or indicate material non-compliance with the Legal Requirements or the Government
Authorizations, and Tenant and each Subtenant will promptly respond to Landlord’s inquiry with
respect to such information. Tenant and each Subtenant shall notify Landlord in writing within five
Business Days after Tenant or any Subtenant has knowledge of any potential, threatened or existing
litigation or proceeding against, or

 

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investigation of, Tenant, Subtenant, Guarantor, or the Facility that may affect
the right to operate the Facility or Landlord’s title to the Facility or Tenant’s
interest therein.

15.3.5 Requirements for Financial Statements. Tenant shall meet the following
requirements in connection with the preparation of the financial statements: [i] all audited
financial statements shall be prepared in accordance with generally accepted accounting principles
consistently applied; [ii] all unaudited financial statements shall be prepared in a manner
substantially consistent with prior audited and unaudited financial statements submitted to
Landlord; [iii] all financial statements shall fairly present the financial condition and
performance for the relevant period in all material respects; [iv] the financial statements shall
include all notes to the financial statements and a complete schedule of contingent liabilities and
transactions with Affiliates; [v] the audited financial statements shall contain an unqualified
opinion; [vi] the audited financial statements shall be prepared in accordance with GAAP
requirements by a nationally or regionally recognized independent certified public accountant; and
[vii] all financial statements relating to an Encumbered Facility shall otherwise be in form and
content required under the Assumed Mortgage.

15.4 Compliance With Laws. Tenant and each Subtenant shall comply in all material
respects with all Legal Requirements and keep all Government Authorizations in full force and
effect. Tenant and each Subtenant shall pay when due all taxes and governmental charges of every
kind and nature that are assessed or imposed upon Tenant and each Subtenant, respectively, at any
time during the term of the Lease, including, without limitation, all income, franchise, capital
stock, property, sales and use, business, intangible, employee withholding, and all taxes and
charges relating to Tenant’s and each Subtenant’s respective business and operations. Tenant and
each Subtenant shall be solely responsible for compliance with all Legal Requirements, including
the ADA, and Landlord shall have no responsibility for such compliance.

15.5 Broker’s Commission. Tenant shall indemnify Landlord from claims of brokers
arising by the execution hereof or the consummation of the transactions contemplated hereby and
from expenses incurred by Landlord in connection with any such claims (including attorneys’ fees),
except to the extent that Landlord has engaged such brokers.

15.6 Existence and Change in Ownership. Tenant, Subtenant, Manager (if applicable) and
each Guarantor shall maintain its existence throughout the term of this Lease. Any change in the
equity ownership of Tenant, Subtenant, Manager (if applicable) or any Guarantor, directly or
indirectly, that results in a change in Control (as defined within the definition of “Affiliate” in
§1.4 hereof) of such entity, shall require Landlord’s prior written consent.

 

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15.7 Financial Covenants. The defined terms used in this section are defined in
§15.7.1. The method of calculating Net Worth and valuing assets shall be consistent with the
Financial Statements. The following financial covenants shall be met throughout the term of this
Lease:

15.7.1 Definitions.

(a) “Net Worth” means an amount equal to the total consolidated fair market value of the
tangible assets of the person (excluding good will and other intangible assets) minus the total
consolidated liabilities of such person.

(b) “Portfolio Cash Flow” means the aggregate net income arising from all Facilities under
this Lease as reflected on the Facility Financial Statement of each Facility plus [i] the amount
of the provision for depreciation and amortization; plus [ii] the amount of the provision for
management fees; plus [iii] the amount of the provision for income taxes; plus [iv] the amount of
the provision for Base Rent payments (whether under this Lease) and interest and equipment lease
payments, if any, relating to the Facilities; plus [v] any other non-cash charges included in net
income; and minus [vi] an imputed management fee equal to 5% of gross revenues of the Facilities
(net of contractual allowances).

(c) “Portfolio Coverage Ratio” as of any calculation date is the ratio of [i] Portfolio Cash
Flow for the then preceding 12-month period; to [ii] the Base Rent payments under this Lease for
the then preceding 12-month period.

15.7.2 Coverage Ratio. Tenant shall maintain for each fiscal quarter a Portfolio
Coverage Ratio of not less than 0.50 to 1.00. Notwithstanding the foregoing, if the Portfolio
Coverage Ratio is less than 0.50 to 1.00 for any one fiscal quarter but is at least 0.50 to 1.00
for the succeeding fiscal quarter, Tenant shall not be deemed to be in default of this §15.7.2.
However, if the Portfolio Coverage Ratio is less than 0.50 to 1.00 for any two consecutive fiscal
quarters, Tenant shall be deemed to be in default of this §15.7.2 unless, within five Business Days
after the last day of the then most recent fiscal quarter, Tenant provides to Landlord a letter of
credit (the “Additional Letter of Credit”) in an amount which, when added to the amount of the
Portfolio Cash Flow for the applicable fiscal quarters would result in a Portfolio Coverage Ratio
of 1.00 to 1.00 for the applicable fiscal quarters (the “Additional Letter of Credit Amount”). If
and when Tenant maintains a Portfolio Coverage Ratio of not less than 1.00 to 1.00 for two
consecutive fiscal quarters, the Additional Letter of Credit requirement will be eliminated. Other
than as specifically set forth in this §15.7.2, the Additional Letter of Credit shall meet the
requirements of this Lease applicable to the Letter of Credit.

15.7.3 Net Worth. Tenant shall cause Indemnitor to maintain for each fiscal quarter a
Net Worth of at least $50,000,000.00, with cash and cash equivalents of at least $500,000.00.
Tenant shall maintain for each fiscal quarter a Net Worth of at least $1.00.

15.8 Facility Licensure and Certification. Tenant and each Subtenant, as applicable,
shall [i] give written notice to Landlord within five Business Days after an inspection of the
Facility with respect to health care licensure or certification has occurred; and [ii] deliver to
Landlord copies of each of the reports, notices, correspondence and all other items and

 

50

 

documents related to licensing or certification listed on Exhibit E within five
Business Days after receipt thereof. Tenant and Subtenant acknowledge that each has
reviewed Exhibit E and agrees to the foregoing obligation. If Tenant or Subtenant
receives a Facility survey or inspection report with material deficiencies, notice of
failure to comply with a plan of correction or an HIPDB adverse action report, Tenant and
the respective Subtenant shall either [a] cure all deficiencies and implement all
corrective actions by the date required by the regulatory authority (including follow-up
surveys or inspection reports), or [b] contest the applicability of any determination by
appropriate proceedings so long as Tenant complies within any applicable timeframe set
forth in any final, non-appealable determination.

15.9 Transfer of License and Facility Operations. Subject to the terms of the Assumed
Mortgage, if this Lease is terminated due to expiration of the Term, pursuant to an Event of
Default or for any reason other than Tenant’s purchase of the Leased Property, or if Tenant or
Subtenant vacates the Leased Property (or any part thereof) without termination of this Lease, the
following provisions shall be immediately effective:

15.9.1 Licensure. Tenant and each Subtenant shall execute, deliver and file all
documents and statements reasonably requested by Landlord to effect the transfer of the Facility
license and Government Authorizations to a replacement operator designated by Landlord
(“Replacement Operator”), subject to any required approval of governmental regulatory authorities,
and Tenant and each Subtenant shall provide to Landlord all information and records required by
Landlord in connection with the transfer of the license and Government Authorizations.

15.9.2 Facility Operations. In order to facilitate a responsible and efficient
transfer of the operations of the Facility, Tenant and Subtenant shall, if and to the extent
requested by Landlord and subject to all applicable law, [i] deliver to Landlord the most recent
updated reports, notices, schedules and documents listed in Exhibit E; [ii] continue and maintain
the operation of the Facility in the ordinary, course of business, including retention of all
residents at the Facility to the fullest extent practicable and consistent with applicable laws and
regulations, until transfer of the Facility operations to the Replacement Operator is completed;
[iii] enter into such management agreements, operations transfer agreements and other types of
agreements that may be reasonably requested by Landlord or the Replacement Operator; and
[iv] provide reasonable access for Landlord and its agents to show the Facility to potential
replacement operators. Tenant and Subtenant consent to the distribution by Landlord, subject to
reasonable confidentiality provisions, to potential replacement operators of Facility financial
statements, licensure reports, financial and property due diligence materials and other documents,
materials and information relating to the Facility but such materials and information shall not
include proprietary materials and information such as policy and procedure manuals. The provisions
of this section do not create or establish any rights in Tenant, Subtenant or any third party and
Landlord reserves all rights and remedies relating to termination of this Lease.

15.10 Bed Operating Rights. Tenant and Subtenant acknowledge and agree that the rights
to operate the beds located at the Facility as assisted living beds under the law of the applicable
Facility State [i] affect the value of the Leased Property, and [ii] the grant of this Lease is
conditioned upon the existence of such rights. Tenant and Subtenant shall not relocate

 

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any licensed bed to any other location and shall not transfer any bed operating
rights to any other party without the prior written consent of Landlord.

15.11 Power of Attorney. Effective upon [i] the occurrence and during the
continuance of an Event of Default, or [ii] termination of this Lease for any reason
other than Tenant’s purchase of the Leased Property, Tenant and Subtenant hereby
irrevocably and unconditionally appoint Landlord, or Landlord’s authorized officer,
agent, employee or designee, as Tenant’s and Subtenant’s true and lawful
attorney-in-fact, to act for Tenant and Subtenant in Tenant’s and Subtenant’s respective
name, place, and stead, to execute, deliver and file all applications and any and all
other necessary documents and statements to effect the issuance, transfer, reinstatement,
renewal and/or extension of the Facility license and all Governmental Authorizations
issued to Tenant and Subtenant or applied for by Tenant and Subtenant in connection with
Tenant’s and Subtenant’s operation of the Facility, to permit any designee of Landlord or
any other transferee to operate the Facility under the Governmental Authorizations, and
to do any and all other acts incidental to any of the foregoing. Tenant and Subtenant
irrevocably and unconditionally grant to Landlord as their respective attorney-in-fact
full power and authority to do and perform every act necessary and proper to be done in
the exercise of any of the foregoing powers as fully as Tenant and Subtenant might or
could do if personally present or acting, with full power of substitution, hereby
ratifying and confirming all that said attorney shall lawfully do or cause to be done by
virtue hereof. This power of attorney is coupled with an interest and is irrevocable
prior to Tenant’s purchase of the Leased Property.

15.12 Information and Images. Tenant grants to Landlord and Landlord’s
Affiliates the perpetual, irrevocable, worldwide right and license to reproduce, use,
prepare derivative works based upon, publish, distribute, and display, by any means and
in any media, information describing, and photographic or other images depicting, the
Leased Property and Facilities (but not the names of the Facilities or Tenant), units,
rooms, amenities and special features and the Land, Improvements and Personal Property
(the “Information and Images”). Without limiting the foregoing, such Information and
Images may be reproduced, used, published, distributed, and displayed by Landlord and
Landlord’s Affiliates in any promotional or marketing materials, advertisements, reports,
or web sites. Tenant expressly waives and releases [i] any right to receive compensation
for such reproduction, use, publication, distribution, or display; [ii] any right to
inspect or approve such Information and Images prior to such reproduction, use,
publication, distribution, or display; or [iii] any rights under any copyright, patent,
trademark, or similar statute or regulation with respect to such use, publication,
distribution or display.

15.13 Compliance with Anti-Terrorism Laws. Tenant shall immediately notify
Landlord if Tenant has knowledge that Tenant or any Affiliate becomes a Blocked Person or
is otherwise listed on any OFAC List or [i] is convicted with respect to, [ii] pleads
nolo contendere to, [iii] is indicted with respect to, or [iv] is arraigned and held over
on charges involving, money laundering, predicate crimes to money laundering or any
Anti-Terrorism Law. None of Tenant, Subtenant, Guarantors, Manager, Company or any
Affiliate will, directly or indirectly, [a] conduct any business, or engage in any
transaction or dealing, with any Blocked Person, including, without limitation, the
making or receiving of any contribution of funds, goods or services to or for the benefit
of any Blocked Person, [b] deal in, or otherwise engage in any transaction relating to,
any property or interests in property blocked pursuant to any Anti-

 

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Terrorism Law, or [c] engage in or conspire to engage in any transaction that evades or avoids, or
has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth
in any Anti-Terrorism Law. In addition, Tenant hereby agrees to provide Landlord with any
additional information that Landlord deems necessary from time to time in order to ensure
compliance with the Anti-Terrorism Laws. This §15.13 shall not apply to any person to the extent
such person’s interest in Tenant, Subtenant, Guarantor, Manager, Company or any Affiliate is
through a U.S. Publicly-Traded Entity.

15.14 Assumed Obligations. Landlord acquired the Encumbered Facility subject to the
Assumed Obligations and has assumed the Assumed Obligations in connection therewith. Landlord shall
use reasonable efforts to comply with the terms of the Assumed Obligations during the Term. As
between Landlord and Tenant, Landlord acknowledges that it is Landlord’s obligations to pay
regularly scheduled principal and interest payments due under the Assumed Obligations (including
principal payments due at the maturity of the Assumed Obligations). Tenant is familiar with the
terms and covenants of the Assumed Obligations. Tenant will and will cause Manager to [a] timely
comply with all requirements imposed as a result of the Assumed Obligations with respect to the
use, occupancy and operation of the Facility, including but not limited to, maintaining required
reserves and escrow accounts, making payments due thereunder other than regularly scheduled
payments of principal and interest, granting access to the Leased Property to Lender and its agents
and complying with any provisions imposed by the Assumed Mortgage and any documentation executed in
connection with the granting of Lender’s consent to this Lease and the concurrent assumption of the
Assumed Obligations by Landlord (the “Assumption Documentation”); [b] not create any condition that
would cause a default under any Assumed Obligations; [c] comply with the provisions of [i] any laws
prohibiting discrimination in housing on the basis of race, sex, color, creed, national origin,
familial status or handicap and [ii] any regulations providing for nondiscrimination and equal
opportunity in housing, which are imposed as a result of the Assumed Obligations; and [d] enter
into such regulatory agreements, covenants and like contracts applicable to any occupier, operator
or lessee of the Facility if and to the extent prescribed by any applicable governmental agencies.
To the extent required by the terms of the Assumed Mortgage, it is hereby acknowledged that [A]
this Lease and Tenant’s interest under this Lease are and continue to be subordinated to the
Assumed Mortgage and the lien of the Assumed Mortgage as anticipated by the Assumption
Documentation; [B] Tenant shall attorn to the holder of the Assumed Note and any purchaser at a
foreclosure sale, such attornment to be self-executing and effective upon acquisition of title to
the Leased Property by any purchaser at a foreclosure sale or by the holder of the Assumed Note in
any manner; [C] Tenant agrees to execute such further evidence of attornment as the holder of the
Assumed Note or any purchaser at a foreclosure sale may from time to time request; [D] this Lease
shall not be terminated by foreclosure or any other transfer of the Leased Property; [E] subject to
the rights of Tenant under any nondisturbance or similar agreement, after a foreclosure sale of the
Leased Property, the holder of the Assumed Note or any other purchaser at such foreclosure sale
may, at such holder’s or purchaser’s option, accept or terminate this Lease; and [F] Tenant shall,
upon receipt after the occurrence of an event of default under the Assumed Mortgage of a written
request from the holder of the Assumed Note, pay all Rent payable hereunder to such holder. In
conjunction with Landlord’s assumption of the Assumed Obligations, Tenant may be required as part
of the Assumption Documentation to enter agreements pursuant to which Tenant is pledging its own
collateral as security for the Assumed Obligations and pursuant to which Tenant’s interest under
this Lease may be terminated. To the

 

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extent that such agreements are entered into and in recognition of the increased
risk to Tenant of entering such agreements, Landlord is willing to agree with Tenant as
follows: [s] Landlord will not create any conditions that would cause a default under the
Assumed Obligations; [t] Landlord shall promptly notify Tenant if Landlord has knowledge
of any default or potential default under the Assumed Obligations caused by the action or
inaction of Landlord; [u] Landlord shall provide to Tenant a copy of any notice, demand
or other material correspondence received by Landlord from or on behalf of the holder of
the Assumed Note; [v] Landlord shall provide evidence to Tenant of payment by Landlord of
the regularly scheduled principal and interest payments made under the Assumed
Obligations; [w] if a payment event of default occurs under the Assumed Obligations,
Tenant may, upon five Business Days notice to Landlord, pay amounts due to the holder of
the Assumed Note directly to such holder and, if so paid and evidence of such payment is
supplied to Landlord, the Rent payable under this Lease shall be reduced by the amount of
such payment; [x] if an event of default occurs which is not related to payments under
the Assumed Obligations but is the result of action or inaction of Landlord, Tenant may
attempt to assist in the cure of such event of default and any reasonable and documented
out-of-pocket amounts spent by Tenant in rendering such assistance shall reduce the Rent
payable under this Lease; [y] if this Lease is terminated as a result of an event of
default under the Assumed Obligations caused by the action or inaction of Landlord,
Tenant shall not have any continuing obligations under this Lease following such
termination, for Rent or otherwise, and [z] if this Lease is terminated as a result of an
event of default under the Assumed Obligations caused by the action or inaction of
Landlord, Tenant may sue Landlord and/or Landlord Affiliates for damages caused by such
termination, subject to the provisions of §24.15 hereof; provided, however, that if, as a
result of the action or inaction of Landlord, Landlord’s interest in the Leased Property
is forfeited or materially decreased in value, the limitations set forth in §24.15 hereof
shall not apply to such damages or to their collection.

ARTICLE 16: ALTERATIONS, CAPITAL IMPROVEMENTS, AND SIGNS

16.1 Prohibition on Alterations and Improvements. Except for Permitted Alterations (as
hereinafter defined), and subject to the terms of the Assumed Mortgage with respect to any
Encumbered Facility, Tenant shall not make any structural or nonstructural changes, alterations,
additions and/or improvements (hereinafter collectively referred to as “Alterations”) to the Leased
Property.

16.2 Approval of Alterations. If Tenant desires to perform any Permitted Alterations,
Tenant shall comply with the terms of the Assumed Mortgage with respect to such Permitted
Alterations relating to an Encumbered Facility and, additionally, if such Permitted Alterations
cost more than $250,000.00, deliver to Landlord plans, specifications, drawings, and such other
information as may be reasonably requested by Landlord (collectively the “Plans and
Specifications”) showing in reasonable detail the scope and nature of the Alterations that Tenant
desires to perform. It is the intent of the parties hereto that the level of detail shall be
comparable to that which is referred to in the architectural profession as “design development
drawings” as opposed to working or biddable drawings. Landlord agrees not to unreasonably delay its
review of the Plans and Specifications. Within 30 days after receipt of an invoice, Tenant shall
reimburse Landlord for all reasonable costs and expenses incurred by Landlord in reviewing and, if
required, approving or disapproving the Plans and Specifications, inspecting the Leased

 

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Property, and otherwise monitoring compliance with the terms of this Article 16. Tenant shall
comply with the requirements of §16.4 in making any Permitted Alterations.

16.3 Permitted Alterations. Provided that such alterations are permitted under the
applicable Assumed Mortgage, Permitted Alterations means any one of the following: [i] Alterations
approved by Landlord; [ii] Alterations required under §7.2; [iii] Alterations having a total cost
of less than $250,000.00; provided, however, that any change in the number or configuration of
units in a Facility shall require Landlord’s prior approval; or [iv] repairs, rebuilding and
restoration required or undertaken pursuant to §9.4 or §10.2.

16.4 Requirements for Permitted Alterations. Tenant shall comply with all of the
following requirements in connection with any Permitted Alterations which cost more than
$250,000.00:

(a) The Permitted Alterations shall be made in accordance with the approved Plans and
Specifications.

(b) The Permitted Alterations and the installation thereof shall comply with all applicable
legal requirements and insurance requirements.

(c) The Permitted Alterations shall be done in a good and workmanlike manner, shall not impair
the value or the structural integrity of the Leased Property, and shall be free and clear of all
mechanic’s liens.

(d) For any Permitted Alternations having a total cost of $500,000.00 or more, Tenant shall
deliver to Landlord a payment and performance bond, with a surety acceptable to Landlord, in an
amount equal to the estimated cost of the Permitted Alterations, guaranteeing the completion of the
work free and clear of liens and in accordance with the approved Plans and Specifications, and
naming Landlord and any mortgagee of Landlord as joint obligees on such bond.

(e) For any Permitted Alternations having a total cost of $500,000.00 or more, Tenant shall,
at Tenant’s expense, obtain a builder’s completed value risk policy of insurance insuring against
all risks of physical loss, including collapse and transit coverage, in a nonreporting form,
covering the total value of the work performed, and equipment, supplies, and materials, and
insuring initial occupancy or obtain similar coverage to under already existing policies,
reasonably satisfactory to Landlord. Landlord and any mortgagee of Landlord shall be additional
insureds of such policy. Landlord shall have the right to approve the form and substance of such
policy.

(f) Tenant shall pay the premiums required to increase the amount of the insurance coverages
required by Article 4 to reflect the increased value of the Improvements resulting from
installation of the Permitted Alterations, and shall deliver to Landlord a certificate evidencing
the increase in coverage.

(g) Tenant shall, not later than 60 days after completion of the Permitted Alterations,
deliver to Landlord a revised “as-built” survey of the respective Facility if the Permitted
Alterations altered the Land or “footprint” of the Improvements and an “as-built”

 

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set of Plans and Specifications for the Permitted Alterations in form and
substance reasonably satisfactory to Landlord.

(h) Tenant shall, not later than 30 days after Landlord sends an invoice, reimburse Landlord
for any reasonable costs and expenses, including attorneys’ fees and architects’ and engineers’
fees, incurred in connection with reviewing and approving the Permitted Alterations and ensuring
Tenant’s compliance with the requirements of this section. The daily fee for Landlord’s consulting
engineer is $500.00.

16.5 Ownership and Removal of Permitted Alterations. The Permitted Alterations shall
become a part of the Leased Property, owned by Landlord, and leased to Tenant subject to the terms
and conditions of this Lease. Tenant shall not be required or permitted to remove any Permitted
Alterations.

16.6 Minimum Qualified Capital Expenditures. During each Lease Year, Tenant shall, at
Tenant’s option, either expend or escrow at least the Minimum Capital Expenditures Amount per unit
for Qualified Capital Expenditures to improve the Facilities (provided that as to any Facility with
respect to which a certificate of occupancy was not issued prior to the end of the first Lease
Year, the minimum qualified capital expenditures required by this section shall be waived until the
Lease Year immediately following the Lease Year in which such certificate of occupancy is issued).
Thereafter throughout the Term, Tenant shall expend or escrow the applicable Minimum Capital
Expenditures Amount for such Lease Year. Within 60 days after the end of each Lease Year, Tenant
shall deliver to Landlord a certificate in the form of Exhibit G listing the Qualified Capital
Expenditures made in the prior Lease Year. If the entire minimum amount was not expended in such
Lease Year, the certificate will include certification that the balance of the current minimum
amount has been deposited in a reserve account to be used solely for Qualified Capital Expenditures
for the Facilities. Any amounts expended or escrowed under the Assumed Mortgage for capital
expenditures shall be credited toward the Qualified Capital Expenditure requirements of this §16.6.

16.7 Signs. Tenant may, at its own expense, erect and maintain identification signs at
the Leased Property, provided such signs comply with all laws, ordinances, and regulations. Upon
the termination or expiration of this Lease, Tenant shall, within 30 days after notice from
Landlord, remove the signs and restore the Leased Property to its original condition.

ARTICLE 17: RESERVED

ARTICLE 18: ASSIGNMENT AND SALE OF LEASED PROPERTY

18.1 Prohibition on Assignment and Subletting. Tenant acknowledges that Landlord has
entered into this Lease in reliance on the personal services and business expertise of Tenant.
Tenant may not assign, sublet, mortgage, hypothecate, pledge, grant a right of first refusal or
transfer any interest in this Lease, or in the Leased Property, in whole or in part, without the
prior written consent of Landlord, which Landlord may withhold in its sole and absolute
discretion. The following transactions will be deemed an assignment or sublease requiring
Landlord’s prior written consent: [i] an assignment by operation of law; [ii] an imposition
(whether or not consensual) of a lien, mortgage, or encumbrance upon Tenant’s

 

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interest in the Lease; [iii] an arrangement (including, but not limited to,
management agreements, concessions, licenses, and easements) which allows the use or
occupancy of all or part of the Leased Property by anyone other than Tenant; and [iv] a
change of ownership of Tenant. Landlord’s consent to any assignment, right of first
refusal or sublease will not release Tenant (or any guarantor) from its payment and
performance obligations under this Lease, but rather Tenant, any guarantor, and Tenant’s
assignee or sublessee will be jointly and severally liable for such payment and
performance. An assignment, right of first refusal or sublease without the prior written
consent of Landlord will be void at Landlord’s option. Landlord’s consent to one
assignment, right of first refusal or sublease will not waive the requirement of its
consent to any subsequent assignment or sublease. Notwithstanding the foregoing, Tenant
may enter into a Sublease with each Subtenant for each Facility provided that each
Sublease complies with §18.2.

18.2 Requests for Landlord’s Consent to Assignment, Sublease or Management Agreement.
If Tenant is required to obtain Landlord’s consent to a specific assignment, sublease, or
management agreement, Tenant shall give Landlord [i] the name and address of the proposed assignee,
subtenant or manager; [ii] a copy of the proposed assignment, sublease or management agreement;
[iii] reasonably satisfactory information about the nature, business and business history of the
proposed assignee, subtenant, or manager and its proposed use of the Leased Property; and [iv]
banking, financial, and other credit information, and references about the proposed assignee,
subtenant or manager sufficient to enable Landlord to determine the financial responsibility and
character of the proposed assignee, subtenant or manager. Any assignment, sublease or management
agreement shall contain provisions to the effect that [a] such assignment, sublease or management
agreement is subject and subordinate to all of the terms and provisions of this Lease and to the
rights of Landlord and that the assignee, subtenant or manager shall comply with all applicable
provisions of this Lease; [b] such assignment, sublease or management agreement may not be modified
without the prior written consent of Landlord not to be unreasonably withheld or delayed; [c] if
this Lease shall terminate before the expiration of such assignment, sublease or management
agreement, the assignee, subtenant or manager thereunder will, solely at Landlord’s option and only
upon the express written notice of attornment from Landlord, attorn to Landlord and waive any right
the assignee, subtenant or manager may have to terminate the assignment, sublease or management
agreement or surrender possession thereunder as a result of the termination of this Lease; and [d]
if the assignee, subtenant or manager receives a written notice from Landlord stating that Tenant
is in default under this Lease, the assignee, subtenant or manager shall thereafter pay all rentals
or payments under the assignment, sublease or management agreement directly to Landlord until such
default has been cured. Any attempt or offer by an assignee, subtenant or manager to attorn to
Landlord shall not be binding or effective without the express written consent of Landlord. Tenant
hereby collaterally assigns to Landlord, as security for the performance of its obligations
hereunder, all of Tenant’s right, title, and interest in and to any assignment, sublease or
management agreement now or hereafter existing for all or part of the Leased Property. Tenant
shall, at the request of Landlord, execute such other instruments or documents as Landlord may
request to evidence this collateral assignment. If Landlord, in its sole and absolute discretion,
consents to such assignment, sublease, or management agreement, such consent shall not be effective
until [i] a fully executed copy of the instrument of assignment, sublease or management agreement
has been delivered to Landlord; [ii] in the case of an assignment, Landlord has received a written
instrument in which the assignee has assumed and agreed to perform all of Tenant’s obligations
under the Lease; and [iii] Tenant has paid to Landlord a fee in the amount of $2,500.00 (applies

 

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only to consent requests after the Closing); and [iv] Landlord has received
reimbursement from Tenant or the assignee for all attorneys’ fees and expenses and all
other reasonable out-of-pocket expenses incurred in connection with determining whether
to give its consent, giving its consent and all matters relating to the assignment
(applies only to consent requests after the Closing). The Assumed Mortgage may contain
certain restrictions regarding any manager or management agreement relating to an
Encumbered Facility and all terms and provisions of this §18.2 are, therefore, subject
and subordinate to such terms of the Assumed Mortgage with respect to the applicable
Encumbered Facility.

18.3 Agreements with Residents. Notwithstanding §18.1, Tenant and Subtenant
may enter into an occupancy agreement with residents of the Leased Property without the
prior written consent of Landlord provided that [i] the agreement does not provide for
lifecare services; [ii] the agreement does not contain any type of rate lock provision or
rate guaranty for more than two calendar years; [iii] Tenant and Subtenant may not
collect rent for more than one month in advance; and [iv] all residents of the Leased
Property are accurately shown in accounting records for the Facility. Without the prior
written consent of Landlord, Tenant and Subtenant shall not materially change the form of
resident occupancy agreement that was submitted to Landlord prior to the Effective Date.

18.4 Sale of Leased Property. If Landlord or any subsequent owner of the
Leased Property sells the Leased Property, its liability for the performance of its
agreements in this Lease will end on the date of the sale of the Leased Property, and
Tenant will look solely to the purchaser for the performance of those agreements. For
purposes of this section, any holder of a mortgage or security agreement which affects
the Leased Property at any time, and any landlord under any lease to which this Lease is
subordinate at any time, will be a subsequent owner of the Leased Property when it
succeeds to the interest of Landlord or any subsequent owner of the
Leased Property.

18.5 Assignment by Landlord. Landlord may transfer, assign, mortgage,
collaterally assign, or otherwise dispose of Landlord’s interest in this Lease or the
Leased Property.

ARTICLE 19: HOLDOVER AND SURRENDER

19.1 Holding Over. If Tenant, with or without the express or implied consent
of Landlord, continues to hold and occupy the Leased Property (or any part thereof) after
the expiration of the Term or earlier termination of this Lease (other than pursuant to
Tenant’s purchase of the Leased Property), such holding over beyond the Term and the
acceptance or collection of Rent in the amount specified below by Landlord shall operate
and be construed as creating a tenancy from month to month and not for any other term
whatsoever. Said month-to-month tenancy may be terminated by Landlord by giving Tenant
five days’ written notice, and at any time thereafter Landlord may re-enter and take
possession of the Leased Property. If Tenant continues after the expiration of the Term
or earlier termination of this Lease to hold and occupy the Leased Property whether as a
month-to-month tenant or a tenant at sufferance or otherwise, Tenant shall pay Rent for
each month in an amount equal to the sum of [i] one and one-half (11/2) times the Base
Rent payable during the month in which such expiration or termination occurs, plus [ii]
all Additional Charges accruing during the month, plus [iii] any

 

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and all other sums payable by Tenant pursuant to this Lease. During any continued
tenancy after the expiration of the Term or earlier termination of this Lease, Tenant
shall be obligated to perform and observe all of the terms, covenants and conditions of
this Lease, but shall have no rights hereunder other than the right, to the extent given
by applicable law, to continue its occupancy and use of the Leased Property until the
tenancy is terminated. Nothing contained herein shall constitute the consent, express or
implied, of Landlord to the holding over of Tenant after the expiration or earlier
termination of this Lease.

19.2 Surrender. Except for [i] Permitted Alterations; [ii] normal and reasonable wear
and tear (subject to the obligation of Tenant to maintain the Leased Property in good order and
repair during the Term); and [iii] damage and destruction not required to be repaired by Tenant,
Tenant shall surrender and deliver up the Leased Property at the expiration or termination of the
Term in as good order and condition as of the Facility Effective Date.

19.3 Indemnity. If Tenant fails to surrender the entire Leased Property or any part
thereof upon the expiration or termination of this Lease in a timely manner and in accordance with
the provisions of this Lease, in addition to any other liabilities to Landlord accruing therefrom,
Tenant shall defend, indemnify and hold Landlord, its principals, officers, directors, agents, and
employees harmless from loss or liability resulting from such failure, including, without limiting
the generality of the foregoing, loss of rental with respect to any new lease in which the rental
payable thereunder exceeds the Rent collected by Landlord pursuant to this Lease during Tenant’s
holdover and any claims by any proposed new tenant founded on Tenant’s failure to surrender the
Leased Property. The provisions of this Article 19 shall survive the expiration or termination of
this Lease.

ARTICLE 20: LETTER OF CREDIT

20.1 Terms of Letter of Credit. To fulfill a condition for the granting of this
Lease, Tenant shall provide Landlord with the Letter of Credit at the Closing. Tenant shall
maintain the Letter of Credit in favor of Landlord until the Obligor Group Obligations are
performed in full. The Letter of Credit shall permit partial and full draws and shall permit
drawing upon presentation of a draft drawn on the Issuer and a certificate signed by Landlord
stating that an Event of Default has occurred under this Lease. The Letter of Credit shall be for
an initial term of one year and shall be automatically renewed annually for successive terms of at
least one year unless Landlord receives notice from the Issuer, by certified mail, at least 60
days prior to the expiry date then in effect that the Letter of Credit will not be extended for an
additional one-year period.

20.2 Replacement Letter of Credit. Tenant shall provide a replacement Letter of
Credit which satisfies the requirements of §20.1 from an Issuer acceptable to Landlord within 30
days after the occurrence of any of the following: [i] Landlord’s receipt of notice from the
Issuer that the Letter of Credit will not be extended for an additional one-year period; [ii]
Landlord gives notice to Tenant that the Lace Financial Service Rating (or rating of a comparable
rating service) of the Issuer is less than a “C+” (or the comparable rating of such other rating
service); [iii] Landlord gives notice to Tenant of the admission by Issuer in writing of its
inability to pay its debts generally as they become due, or Issuer’s filing of a petition in
bankruptcy or petitions to take advantage of any insolvency act, making an assignment for the

 

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benefit of its creditors, consenting to the appointment of a receiver of itself
or of the whole or any substantial part of its property, or filing a petition or answer
seeking reorganization or arrangement under the federal bankruptcy laws or any other
applicable law, regulation, or statute of the United States of America or any state
thereof or [iv] Issuer is at any time determined not to be at least “adequately
capitalized”, as that term is defined and used in the “Prompt Corrective Action” statute,
12 U.S.C. §1831, and implementing regulations. Tenant’s failure to comply with the
requirements of this section shall be an immediate Event of Default without any notice
(other than as provided for in this section), cure or grace period. Upon such Event of
Default, Landlord shall be entitled to draw upon the Letter of Credit and Landlord may,
solely at its option and without any obligation to do so, require Tenant to obtain a
replacement Letter of Credit satisfactory to Landlord with the Letter of Credit proceeds
made available to Tenant solely to secure Tenant’s reimbursement obligation for the
replacement Letter of Credit.

20.3 Draws. Landlord may draw under the Letter of Credit upon the occurrence of an
Event of Default hereunder. Any such draw shall not cure an Event of Default. The proceeds from
the Letter of Credit (“LC Proceeds”) shall be the sole property of Landlord and may be used,
retained and invested by Landlord without restriction or limitation. Landlord shall have no
obligation to account for its use of the LC Proceeds and Tenant shall have no interest in or claim
against the LC Proceeds. Landlord shall have the right and option, but not the obligation, to
apply all or any portion of the LC Proceeds to pay all or any portion of [i] the Obligor Group
Obligations; plus [ii] all reasonable expenses and costs incurred by Landlord in enforcing or
preserving Landlord’s rights under this Lease or any security for the Obligor Group Obligations,
including, without limitation, [a] the fees, expenses, and costs of any litigation, appellate,
receivership, administrative, bankruptcy, insolvency, or other similar proceeding; [b] attorney,
paralegal, consulting and witness fees and disbursements; and [c] the expenses, including, without
limitation, lodging, meals and transportation of Landlord and its employees, agents, attorneys,
and witnesses in preparing for litigation, administrative, bankruptcy, insolvency, or similar
proceedings and attendance at hearings, depositions, and trials in connection therewith.

20.4 Partial Draws. Upon the occurrence of a monetary Event of Default under the
Obligor Group Obligations, Landlord may, at its option, make a partial draw on the Letter of
Credit in an amount not to exceed the amount of the Obligor Group Obligations then past due. If
Landlord then applies the proceeds from such partial draw on the Letter of Credit to payment of
all or any portion of the Obligor Group Obligations then past due, Tenant shall, within 30 days
after notice from Landlord of such partial draw and payment, cause the amount of the Letter of
Credit to be reinstated to the amount in effect prior to such partial draw. Tenant’s failure to
comply with the requirements of this section shall be an immediate Event of Default under the
Lease Documents without any notice (other than as provided for in this section), cure or grace
period. Landlord’s rights under this §20.4 are in addition to, and not in limitation of,
Landlord’s rights under §20.3.

20.5 Substitute Letter of Credit. Tenant may, from time to time, deliver to Landlord
a substitute Letter of Credit meeting the requirements of this Lease and issued by an Issuer
acceptable to Landlord. Upon Landlord’s approval of the substitute Letter of Credit, Landlord
shall release the previous Letter of Credit to Tenant.

 

60

 

20.6 Retention of Letter of Credit. Upon termination of this Lease due to expiration
of the Term, pursuant to an Event of Default or for any reason other than Tenant’s purchase of the
Leased Property, Landlord shall be entitled to hold the Letter of Credit until the Obligor Group
Obligations are performed in full or are released by Landlord.

ARTICLE 21: QUIET ENJOYMENT, SUBORDINATION, ATTORNMENT AND
ESTOPPEL CERTIFICATES

21.1 Quiet Enjoyment. So long as Tenant performs all of its obligations under this
Lease, Tenant’s possession of the Leased Property will not be disturbed by Landlord or any party
claiming by, through or under Landlord.

21.2 Subordination. Subject to the terms and conditions of this section, this Lease
and Tenant’s rights under this Lease are subordinate to any ground lease or underlying lease, first
mortgage, first deed of trust, or other first lien against the Leased Property, together with any
renewal, consolidation, extension, modification or replacement thereof, which now or at any
subsequent time affects the Leased Property or any interest of
Landlord in the Leased Property,
except to the extent that any such instrument expressly provides that this Lease is superior. The
foregoing subordination provision is expressly conditioned upon any lessor or mortgagee being
obligated and bound (subject to a nondisturbance or similar agreement reasonably acceptable to
Tenant) to recognize Tenant as the tenant under this Lease, and such lessor or mortgagee shall have
no right to disturb Tenant’s possession, use and occupancy of the Leased Property or Tenant’s
enjoyment of its rights under this Lease unless and until an Event of Default occurs hereunder. Any
foreclosure action or proceeding by any mortgagee with respect to the Leased Property shall not
affect Tenant’s rights under this Lease and shall not terminate this Lease unless and until an
Event of Default occurs hereunder. The foregoing provisions will be self-operative, and no further
instrument will be required in order to effect them. However, Tenant shall execute, acknowledge and
deliver to Landlord, at any time and from time to time upon demand by Landlord, such documents as
may be requested by Landlord or any mortgagee or any holder of any mortgage or other instrument
described in this section, to confirm or effect any such subordination, provided that any such
document shall include a nondisturbance provision as set forth in this section satisfactory to
Tenant. Any mortgagee of the Leased Property shall be deemed to be bound by the nondisturbance
provision set forth in this section. If Tenant fails or refuses to execute, acknowledge, and
deliver any such document within 20 days after written demand, Landlord may execute acknowledge and
deliver any such document on behalf of Tenant as Tenant’s attorney-in-fact. Tenant hereby
constitutes and irrevocably appoints Landlord, its successors and assigns, as Tenant’s
attorney-in-fact to execute, acknowledge, and deliver on behalf of Tenant any documents described
in this section. This power of attorney is coupled with an interest and is irrevocable.

21.3 Attornment. If any holder of any mortgage, indenture, deed of trust, or other
similar instrument described in §21.2 succeeds to Landlord’s interest in the Leased Property,
Tenant will pay to such holder all Rent subsequently payable under this Lease. Tenant shall, upon
request of anyone succeeding to the interest of Landlord, automatically become the tenant of, and
attorn to, such successor in interest without changing this Lease. The successor in interest will
not be bound by [i] any payment of Rent for more than one month in advance; [ii] any amendment or
modification of this Lease thereafter made without its consent as provided

 

61

 

in this Lease; [iii] any claim against Landlord arising prior to the date on
which the successor succeeded to Landlord’s interest; or [iv] any claim or offset of Rent
against Landlord. Upon request by Landlord or such successor in interest and without cost
to Landlord or such successor in interest, Tenant will execute, acknowledge and deliver
an instrument or instruments confirming the attornment. If Tenant fails or refuses to
execute, acknowledge, and deliver any such instrument within 20 days after written
demand, then Landlord or such successor in interest will be entitled to execute,
acknowledge, and deliver any document on behalf of Tenant as Tenant’s attorney-in-fact.
Tenant hereby constitutes and irrevocably appoints Landlord, its successors and assigns,
as Tenant’s attorney-in-fact to execute, acknowledge, and deliver on behalf of Tenant any
such document. This power of attorney is coupled with an interest and is irrevocable.

21.4 Estoppel Certificates. At the request of Landlord or any mortgagee or purchaser
of the Leased Property, Tenant shall execute, acknowledge, and deliver an estoppel certificate in
favor of Landlord or any mortgagee or purchaser of the Leased Property certifying the following:
[i] that the Lease is unmodified and in full force and effect, or if there have been modifications
that the same is in full force and effect as modified and stating the modifications; [ii] the date
to which Rent and other charges have been paid; [iii] whether Tenant or Landlord is in default or
whether there is any fact or condition which, with notice or lapse of time, or both, would
constitute a default, and specifying any existing default, if any; [iv] that Tenant has accepted
and occupies the Leased Property; [v] that Tenant has no defenses, setoffs, deductions, credits, or
counterclaims against Landlord, if that be the case, or specifying such that exist; and [vi] such
other information as may reasonably be requested by Landlord or any mortgagee or purchaser. Any
purchaser or mortgagee may rely on this estoppel certificate. If Tenant fails to deliver the
estoppel certificates to Landlord within 10 days after the request of Landlord, then Tenant shall
be deemed to have certified that [a] the Lease is in full force and effect and has not been
modified, or that the Lease has been modified as set forth in the certificate delivered to Tenant;
[b] Tenant has not prepaid any Rent or other charges except for the current month; [c] Tenant has
accepted and occupies the Leased Property; [d] neither Tenant nor Landlord is in default nor is
there any fact or condition which, with notice or lapse of time, or both, would constitute a
default; and [e] Tenant has no defenses, setoffs, deductions, credits, or counterclaims against
Landlord. Tenant hereby irrevocably appoints Landlord as Tenant’s attorney-in-fact to execute,
acknowledge, and deliver on Tenant’s behalf any estoppel certificate to which Tenant does not
object within 10 days after Landlord sends the certificate to Tenant. This power of attorney is
coupled with an interest and is irrevocable.

21.5 Subordination, Non-Disturbance and Attornment Agreement. Notwithstanding the
provisions of §§21.2 – 21.4, Tenant will enter into a Subordination, Non-Disturbance and
Attornment Agreement with Lender substantially in the form attached as Exhibit J to document the
terms of Tenant’s subordination and attornment obligations and Lender’s non-disturbance
obligations.

ARTICLE 22: CONTINGENT PAYMENTS

22.1 Contingent Payments. Landlord shall make Contingent Payments to the extent set
forth in this section. Tenant shall request each Contingent Payment by submitting a Contingent
Payment Request to Landlord or in the case of Contingent Payments for Project

 

62

 

Improvements, a Disbursement Voucher pursuant to the Disbursing Agreement. Landlord shall make the
Contingent Payment provided that [i] no Event of Default has occurred and is continuing, and [ii]
Landlord has determined that all requirements for the Contingent Payment have been satisfied.
Contingent Payments will be made not less than eight Business Days and not more than twelve
Business Days following Tenant’s delivery of the Contingent Payment Request.

22.2 Contingent Payments for Capital Expenditures.

22.2.1 Conditions. In addition to any other requirements set forth in this section,
Landlord’s obligation to make Contingent Payments for capital expenditures is subject to Landlord’s
reasonable approval of the scope of work and budget, construction and disbursement schedules (if
applicable), and contractor and construction agreements (if applicable). Tenant shall also provide
a collateral assignment of any construction contract to Landlord and the contractor shall consent
to the assignment.

22.2.2 No Commitment. Landlord has no current commitment to make Contingent Payments
for capital expenditures pursuant to §22.2.

22.3 Contingent Payments for Project Improvements.

22.3.1 Conditions. In addition to any other requirements set forth in this section,
Landlord’s obligation to make Contingent Payments for Project Improvements is subject to the
conditions set forth in the Disbursing Agreement related to the Project Improvements.

22.3.2 No Commitment. Landlord has no current commitment to make Contingent Payments
for Project Improvements pursuant to §22.3.

ARTICLE 23: SECURITY INTEREST

23.1 Collateral. Tenant and each Subtenant hereby grant to each Landlord and HCN (if
not a Landlord) (individually and collectively called “Secured Party”) a security interest in all
right, title and interest of Tenant and Subtenants in the following described property, whether now
owned or hereafter acquired by Tenant or any Subtenant (the “Collateral”), to secure the payment
and performance of the Obligor Group Obligations:

(a) All machinery, furniture, equipment, trade fixtures, appliances, inventory and all other
goods (as “equipment”, “inventory” and “goods” are defined for purposes of Article 9) and any
leasehold interest of Tenant or any Subtenant in any of the foregoing, including, without
limitation, those items which are to become fixtures or which are building supplies and materials
to be incorporated into any improvement or fixture.

(b) All accounts, deposit accounts, general intangibles, instruments, documents, and chattel
paper [as such terms are defined for purposes of Article 9] now or hereafter arising.

(c) All franchises, permits, licenses, operating rights, certifications, approvals, consents,
authorizations and other general intangibles, including, without limitation,

 

63

 

certificates of need, state health care facility licenses, and Medicare and
Medicaid provider agreements, to the extent permitted by law.

(d) Unless expressly prohibited by the terms thereof, all contracts, agreements, contract
rights and materials relating to the design, construction, operation or management of any
improvements, including, but not limited to, management agreements, plans, specifications,
drawings, blueprints, models, mock-ups, brochures, flyers, advertising and promotional materials
and mailing lists.

(e) All subleases, occupancy agreements, license agreements and concession agreements, written
or unwritten, of any nature, now or hereafter entered into, and all right, title and interest of
Tenant thereunder, Tenant’s right, if any, to cash or securities deposited thereunder whether or
not the same was deposited to secure performance by the subtenants, occupants, licensees and
concessionaires of their obligations thereunder, including the right to receive and collect the
rents, revenues, and other charges thereunder.

(f) All ledger sheets, files, records, computer programs, tapes, other electronic data
processing materials, and other documentation.

(g) The products and proceeds of the preceding listed property, including, without limitation,
cash and non-cash proceeds, proceeds of proceeds, and insurance proceeds.

23.2 Additional Documents. At the request of Landlord, Tenant and each Subtenant
shall execute additional security agreements, financing statements, and such other documents as
may be reasonably requested by Landlord to maintain and perfect such security interest. Tenant and
each Subtenant hereby irrevocably appoint Landlord, its successors and assigns, as Tenant’s or
Subtenant’s attorney-in-fact to execute, acknowledge, deliver and file such documents on behalf of
Tenant or such Subtenant. This power of attorney is coupled with an interest and is irrevocable.
Tenant and each Subtenant authorize Landlord to file financing statements describing the
Collateral to perfect and maintain the security interest granted hereunder without the signature
or any further authorization of Tenant or any Subtenant. Landlord may not require control
agreements or similar agreements concerning the deposit accounts of Tenant or Subtenants until an
Event of Default has occurred and is continuing.

23.3 Notice of Sale. With respect to any sale or other disposition of any of the
Collateral after the occurrence of an Event of Default, Landlord, Tenant and each Subtenant agree
that the giving of 10 days’ notice by Landlord, sent by overnight delivery, postage prepaid, to
Tenant’s or Subtenant’s notice address designating the time and place of any public sale or the
time after which any private sale or other intended disposition of such Collateral is to be made,
shall be deemed to be reasonable notice thereof and Tenant and each Subtenant waive any other
notice with respect thereto.

23.4 Recharacterization. Landlord and Tenant intend this Lease to be a true lease.
However, if despite the parties’ intent, it is determined or adjudged by a court for any reason
that this Lease is not a true lease or if this Lease is recharacterized as a financing
arrangement, then this Lease shall be considered a secured financing agreement and Landlord’s

 

64

 

title to the Leased Property shall constitute a perfected first priority lien in Landlord’s favor
on the Leased Property to secure the payment and performance of all the Obligor Group Obligations.

23.5 Deposit Accounts. On the Effective Date, Tenant is providing to Landlord a true
and correct listing of all deposit accounts of Tenant or any Subtenant, in such detail as Landlord
reasonably required, including the applicable depository institutions and account numbers. From
time to time thereafter, Tenant shall promptly provide to Landlord updated information regarding
the identity of all of its and each Subtenant’s then current deposit accounts.

ARTICLE 24: MISCELLANEOUS

24.1 Notices. Landlord, Tenant and Subtenant hereby agree that all notices, demands,
requests, and consents (hereinafter “notices”) required to be given pursuant to the terms of this
Lease shall be in writing, shall be addressed to the addresses set forth in the introductory
paragraph of this Lease, and shall be served by [i] personal delivery; [ii] certified mail, return
receipt requested, postage prepaid; or [iii] nationally recognized overnight courier. Notices to
any Subtenant should be sent c/o Tenant at Tenant’s address set forth in the introductory
paragraph. All notices shall be deemed to be given upon the earlier of actual receipt or three
days after mailing, or one Business Day after deposit with the overnight courier. Any notices
meeting the requirements of this section shall be effective, regardless of whether or not actually
received. Landlord or Tenant may change its notice address at any time by giving the other party
notice of such change.

24.2 Advertisement of Leased Property. In the event the parties hereto have not
executed a renewal Lease within 120 days prior to the expiration of this Lease, or Tenant has not
exercised its Option to Purchase, then Landlord or its agent shall have the right to enter the
Leased Property at all reasonable times for the purpose of exhibiting the Leased Property to
others and to place upon the Leased Property for and during the period commencing 120 days prior
to the expiration of this Lease, “for sale” or “for rent” notices or signs.

24.3 Entire Agreement. This Lease contains the entire agreement between Landlord and
Tenant with respect to the subject matter hereof. No representations, warranties, and agreements
have been made by Landlord except as set forth in this Lease. No oral agreements or understandings
between Landlord and Tenant shall survive execution of this Lease.

24.4 Severability. If any term or provision of this Lease is held or deemed by
Landlord to be invalid or unenforceable, such holding shall not affect the remainder of this Lease
and the same shall remain in full force and effect, unless such holding substantially deprives
Tenant of the use of the Leased Property or Landlord of the rents herein reserved, in which event
this Lease shall forthwith terminate as if by expiration of the Term.

24.5 Captions and Headings. The captions and headings are inserted only as a matter
of convenience and for reference and in no way define, limit or describe the scope of this Lease
or the intent of any provision hereof.

 

65

 

24.6 Governing Law. This Lease shall be governed by and construed in accordance with
the laws of the State of Ohio, except as to matters under which the laws of a State in which a
respective Facility is located, or under applicable procedural conflicts of laws rules, require the
application of laws of such other State, in which case the laws or conflicts of laws rules, as the
case may be, of such State shall govern to the extent required.

24.7 Memorandum of Lease. Tenant shall not record this Lease. Tenant shall, however,
record a memorandum of lease approved by Landlord.

24.8 Waiver. No waiver by Landlord of any condition or covenant herein contained, or
of any breach of any such condition or covenant, shall be held or taken to be a waiver of any
subsequent breach of such covenant or condition, or to permit or excuse its continuance or any
future breach thereof or of any condition or covenant, nor shall the acceptance of Rent by
Landlord at any time when Tenant or Subtenant is in default in the performance or observance of
any condition or covenant herein be construed as a waiver of such default, or of Landlord’s right
to terminate this Lease or exercise any other remedy granted herein on account of such existing
default.

24.9 Binding Effect. This Lease will be binding upon and inure to the benefit of the
heirs, successors, personal representatives, and permitted assigns of Landlord, Tenant and
Subtenant.

24.10 No Offer. Landlord’s submission of this Lease to Tenant is not an offer to
lease the Leased Property, or an agreement by Landlord to reserve the Leased Property for Tenant.
Landlord will not be bound to Tenant until Tenant has duly executed and delivered duplicate
original leases to Landlord, and Landlord has duly executed and delivered one of these duplicate
original leases to Tenant.

24.11 Modification. This Lease may only be modified by a writing signed by both
Landlord and Tenant. All references to this Lease, whether in this Lease or in any other document
or instrument, shall be deemed to incorporate all amendments, modifications and renewals of this
Lease, made after the date hereof. If Tenant requests Landlord’s consent to any change in
ownership, merger or consolidation of Tenant, Subtenant or Guarantor, any assumption of the Lease,
or any modification of the Lease, Tenant shall provide Landlord all relevant information and
documents sufficient to enable Landlord to evaluate the request. In connection with any such
request, Tenant shall pay to Landlord a fee in the amount of $2,500.00 and shall pay all of
Landlord’s reasonable attorney’s fees and expenses and other reasonable out-of-pocket expenses
incurred in connection with Landlord’s evaluation of Tenant’s request, the preparation of any
documents and amendments, the subsequent amendment of any documents between Landlord and its
collateral pool lenders (if applicable), and all related matters.

24.12 Landlord’s Modification. Tenant acknowledges that Landlord may mortgage the
Leased Property or use the Leased Property as collateral for collateralized mortgage obligations
or Real Estate Mortgage Investment Companies (REMICS). If any mortgage lender of Landlord desires
any modification of this Lease, Tenant agrees to consider

 

66

 

such modification in good faith and to execute an amendment of this Lease if Tenant finds
such modification acceptable.

24.13 No Merger. The surrender of this Lease by Tenant or the cancellation of this
Lease by agreement of Tenant and Landlord or the termination of this Lease on account of Tenant’s
default will not work a merger, and will, at Landlord’s option, terminate any subleases or operate
as an assignment to Landlord of any subleases. Landlord’s option under this paragraph will be
exercised by notice to Tenant and all known subtenants of the Leased Property.

24.14 Laches. No delay or omission by either party hereto to exercise any right or
power accruing upon any noncompliance or default by the other party with respect to any of the
terms hereof shall impair any such right or power or be construed to be a waiver thereof.

24.15 Limitation on Tenant’s Recourse. Except as may be otherwise expressly and
specifically provided herein, Tenant’s sole recourse against Landlord, and any successor to the
interest of Landlord in the Leased Property, is to the interest of Landlord, and any such
successor, in the Leased Property. Tenant will not have any right to satisfy any judgment which it
may have against Landlord, or any such successor, from any other assets of Landlord, or any such
successor. In this section, the terms “Landlord” and “successor” include the shareholders,
venturers, and partners of “Landlord” and “successor” and the officers, directors, and employees
of the same. The provisions of this section are not intended to limit Tenant’s right to seek
injunctive relief or specific performance.

24.16 Construction of Lease. This Lease has been prepared by Landlord and its
professional advisors and reviewed by Tenant and its professional advisors. Landlord, Tenant, and
their advisors believe that this Lease is the product of all their efforts, that it expresses
their agreement, and agree that it shall not be interpreted in favor of either Landlord or Tenant
or against either Landlord or Tenant merely because of their efforts in preparing it.

24.17 Counterparts. This Lease may be executed in multiple counterparts, each of
which shall be deemed an original hereof.

24.18 Landlord’s Consent. Whenever Landlord’s consent or approval is required under
this Lease, such consent or approval shall be in writing and shall not be unreasonably withheld or
delayed.

24.19 Custody of Escrow Funds. Any funds paid to Landlord in escrow hereunder may be
held by Landlord or, at Landlord’s election, by a financial institution, the deposits or accounts
of which are insured or guaranteed by a federal or state agency. The funds shall not be deemed to
be held in trust, may be commingled with the general funds of Landlord or such other institution,
and shall not bear interest.

24.20 Landlord’s Status as a REIT. Tenant acknowledges that Landlord (or a Landlord
Affiliate) has elected and may hereafter elect to be taxed as a real estate investment trust
(“REIT”) under the Internal Revenue Code.

24.21 Exhibits. All of the exhibits referenced in this Lease are attached hereto and
incorporated herein.

 

67

 

24.22 Waiver of Jury Trial. LANDLORD, TENANT AND SUBTENANT WAIVE TRIAL BY JURY IN ANY
ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY OF THEM AGAINST THE OTHER ON ALL MATTERS ARISING
OUT OF THIS LEASE OR THE USE AND OCCUPANCY OF THE LEASED PROPERTY (EXCEPT CLAIMS FOR PERSONAL
INJURY OR PROPERTY DAMAGE). IF LANDLORD COMMENCES ANY SUMMARY PROCEEDING FOR NONPAYMENT OF RENT,
TENANT AND SUBTENANT WILL NOT INTERPOSE, AND WAIVES THE RIGHT TO INTERPOSE, ANY COUNTERCLAIM IN
ANY SUCH PROCEEDING.

24.23 Consent to Jurisdiction. TENANT AND SUBTENANT HEREBY IRREVOCABLY SUBMIT AND
CONSENT TO THE NONEXCLUSIVE JURISDICTION AND VENUE OF ANY STATE OR FEDERAL COURT HAVING
JURISDICTION OVER LUCAS COUNTY, OHIO OR ANY COUNTY IN WHICH A FACILITY IS LOCATED FOR ANY ACTION OR
PROCEEDING TO ENFORCE OR DEFEND ANY MATTER ARISING FROM OR RELATED TO [I] THE COMMITMENT; [II] THIS
LEASE; OR [III] ANY DOCUMENT EXECUTED BY TENANT OR SUBTENANT IN CONNECTION WITH THIS LEASE. TENANT
AND SUBTENANT HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT TENANT AND SUBTENANT MAY EFFECTIVELY
DO SO, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF ANY SUCH ACTION OR PROCEEDING.
TENANT AND SUBTENANT AGREE THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN ANY OTHER
MANNER PROVIDED BY LAW.

TENANT AND SUBTENANT AGREE NOT TO INSTITUTE ANY LEGAL ACTION OR PROCEEDING AGAINST LANDLORD
OR ANY DIRECTOR, OFFICER, EMPLOYEE, AGENT OR PROPERTY OF LANDLORD, CONCERNING ANY MATTER ARISING
OUT OF OR RELATING TO THE COMMITMENT, THIS LEASE OR ANY RELATED DOCUMENT IN ANY COURT OTHER THAN A
STATE OR FEDERAL COURT HAVING JURISDICTION OVER LUCAS COUNTY, OHIO.

TENANT AND SUBTENANT HEREBY CONSENT TO SERVICE OF PROCESS BY LANDLORD IN ANY MANNER AND IN
ANY JURISDICTION PERMITTED BY LAW. NOTHING HEREIN SHALL AFFECT OR IMPAIR LANDLORD’S RIGHT TO SERVE
LEGAL PROCESS IN ANY MANNER PERMITTED BY LAW, OR LANDLORD’S RIGHT TO BRING ANY ACTION OR
PROCEEDING AGAINST TENANT, SUBTENANT OR THE PROPERTY OF TENANT OR SUBTENANT IN THE COURTS OF ANY
OTHER JURISDICTION.

24.24 Attorney’s Fees and Expenses. Tenant shall pay to Landlord all reasonable costs
and expenses incurred by Landlord in administering this Lease and the security for this Lease,
enforcing or preserving Landlord’s rights under this Lease and the security for this Lease, and in
all matters of collection, whether or not an Event of Default has actually occurred or has been
declared and thereafter cured, including, but not limited to, [a] reasonable attorney’s and
paralegal’s fees and disbursements; [b] the fees and expenses of any litigation, administrative,
bankruptcy, insolvency, receivership and any other similar proceeding; [c] court costs; [d] the
expenses of Landlord, its employees, agents, attorneys and witnesses in preparing

 

68

 

for litigation, administrative, bankruptcy, insolvency and other proceedings and
for lodging, travel, and attendance at meetings, hearings, depositions, and trials; and
[e] consulting and witness fees and expenses incurred by Landlord in connection with any
litigation or other proceeding; provided, however, Landlord’s internal bookkeeping and
routine lease servicing costs are not payable by Tenant.

24.25 Survival. The following provisions shall survive termination of the Lease:
Article 8 (Defaults and Remedies); §15.9 (Transfer of License and Facility Operations); §15.10 (Bed
Operating Rights); Article 19 (Holdover and Surrender); §20.6 (Retention of Letter of Credit);
Article 23 (Security Interest) and §24.25 (Survival).

24.26 Time. Time is of the essence in the performance of this Lease.

24.27 Subtenant. Each Subtenant has joined in the execution of this Lease to
acknowledge that Subtenant is subject to and bound by the terms of the Lease applicable to
Subtenant, including, without limitation, the grant of a security interest under Article 23.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the parties hereto have executed this Lease or caused the same to
be executed by their respective duly authorized officers as of the date first set forth
above.

	 	 	 	 	 	 	 	 	 
	Signed and acknowledged in the presence of:	 	HEALTH CARE REIT, INC.
	 
	 	 	 	 	 	 	 	 
	Signature	 	/s/ Donna J. Lunsford	 	By:	 	/s/ Erin C. Ibele
	Print Name

	 	Donna J. Lunsford
	 	 	 	Title:
	 	Erin C. Ibele, Senior Vice President- Administration and Corporate Secretary
	 
	 	 	 	 	 	 	 	 
	Signature

	 	/s/ Rita J. Rogge	 	(signing only for the purpose of accepting §1.5 appointment of agency and agreeing to Secured Party obligations.)
	Print Name

	 	Rita J. Rogge	 
	 
	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	901 FLORSHEIM DRIVE, LLC

504 NORTH RIVER ROAD, LLC

6949 MAIN STREET, LLC

41 SPRINGFIELD AVENUE, LLC

	 
	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	HCN Capital Holdings II, LLC, its sole Member
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By: Health Care REIT, Inc., its sole member
	 
	 	 	 	 	 	 	 	 
	Signature	 	/s/ Donna J. Lunsford	 	By:	 	/s/ Erin C. Ibele
	Print Name

	 	Donna J. Lunsford
	 	 	 	Title:
	 	Erin C. Ibele, Senior Vice President- Administration and Corporate Secretary
	 
	 	 	 	 	 	 	 	 
	Signature

	 	/s/ Rita J. Rogge	 	CAPITAL SPRING MEADOWS, LLC
	Print Name

	 	Rita J. Rogge	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature	 	/s/ Cathy Tyler	 	By:	 	/s/ Gloria Holland
	Print Name

	 	Cathy Tyler
	 	 	 	Title:
	 	Gloria Holland, Vice President
	 
	 	 	 	 	 	 	 	 
	Signature

	 	/s/ Pat McEntire	 	Tax I.D. No.: 27-4949013
	Print Name	 	Pat McEntire	 	 

 

S-1

 

	 	 	 	 	 	 	 	 	 
	Tax ID No.: 27-4515857	 	CSL LIBERTYVILLE, LLC
	Tax ID No.: 27-4516068	 	CSL NAPERVILLE, LLC
	Tax ID No.: 27-4516383	 	CSL TRUMBULL, LLC
	Tax ID No.: *20-1830714	 	SHP II/CSL SUMMIT, LLC
	 
	 	 	 	 	 	 	 	 
	Signature	 	/s/ Cathy Tyler	 	By:	 	/s/ David Brickman
	Print Name

	 	Cathy Tyler
	 	 	 	Title:
	 	David Brickman, Vice President
	 
	 	 	 	 	 	 	 	 
	Signature

	 	/s/ Pat McEntire	 	CAPITAL SENIOR LIVING PROPERTIES, INC.
	Print Name

	 	Pat McEntire	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature	 	/s/ Cathy Tyler	 	By:	 	/s/ Ralph Beattie
	Print Name

	 	Cathy Tyler
	 	 	 	Title:
	 	Ralph Beattie, Vice President
	 
	 	 	 	 	 	 	 	 
	Signature	 	/s/ Pat McEntire	 	Tax I.D. No.: 75-2726680
	Print Name

	 	Pat McEntire	 	 	 	 	 	 
	 
	 	 	 	(signing only for purposes of accepting its obligations under §5.3 hereof)
	 	 	 	 	 

	 	 	 	 	 
	STATE OF OHIO

	 	 	)	 
	 

	 	 	) SS:	 
	COUNTY OF LUCAS

	 	 	)	 

The foregoing instrument was acknowledged before me this 24th day of March,
2011 by Erin C. Ibele, the Senior Vice President — Administration and
Corporate Secretary of Health Care REIT, Inc., a Delaware corporation, on behalf of the
corporation.

	 	 	 	 	 
	

	 	DONNA J. LUNSFORD
	 	/s/ Donna J. Lunsford
	 	Notary Public
	 	Notary Public
	 	In and for the State of Ohio	 	 
	 	My Commission Expires	 	 
	 	April 22, 2012
	 	[SEAL]

My Commission Expires:                                 

 

S-2

 

	 	 	 	 	 
	STATE OF OHIO

	 	 	)	 
	 

	 	 	) SS:	 
	COUNTY OF LUCAS

	 	 	)	 

The foregoing instrument was acknowledged before me this 24th day of
March, 2011 by Erin C. Ibele, the Senior Vice President — Administration and
Corporate Secretary of Health Care REIT, Inc., a Delaware corporation, in its capacity as
sole member of HCN Capital Holdings II, LLC, a Delaware limited liability company, in its
capacity as sole member of 901 Florsheim Drive, LLC, 504 North River Road, LLC, 6949 Main
Street, LLC and 41 Springfield Avenue, LLC, each a Delaware limited liability company, on
behalf of the company.

	 	 	 	 	 
	

	 	DONNA J. LUNSFORD
	 	/s/ Donna J. Lunsford
	 	Notary Public
	 	Notary Public
	 	In and for the State of Ohio	 	 
	 	My Commission Expires	 	 
	 	April 22, 2012
	 	[SEAL]

My Commission Expires:                                 

	 	 	 	 	 
	STATE OF Texas

	 	 	)	 
	 

	 	 	) SS:	 
	COUNTY OF Dallas

	 	 	)	 

The foregoing instrument was acknowledged before me this 24th day of March, 2011
by Gloria Holland, the Vice President of Capital Spring Meadows,
LLC, a Delaware limited liability company, on behalf of the company.

	 	 	 	 	 
	 	/s/ Pamela Connor
 	 
	 	Notary Public 	 

			
	 	 	 
	My Commission Expires: 8-2-14
	 	[SEAL]
	 
	 	

	 	 	 	 	 
	STATE OF Texas

	 	 	)	 
	 

	 	 	) SS:	 
	COUNTY OF Dallas

	 	 	)	 

The foregoing instrument was acknowledged before me this 24th day of March, 2011
by David Brickman, the Vice President of CSL Libertyville, LLC,
CSL Naperville, LLC, CSL Trumbull, LLC and SHP II/CSL Summit, LLC, each a Delaware limited
liability company, on behalf of the company.

	 	 	 	 	 
	 	/s/ Pamela Connor
 	 
	 	Notary Public 	 
	 	 	 

	 	 	 
	My Commission Expires: 8-2-14

	 	[SEAL]
	 

	 	

 

S-3

 

	 	 	 	 	 
	STATE OF Texas

	 	 	)	 
	 

	 	 	) SS:	 
	COUNTY OF Dallas

	 	 	)	 

The foregoing instrument was acknowledged before me this 24th day of March, 2011 by
Ralph Beattie, the Vice President of Capital Senior Living Properties, Inc., a Texas corporation,
on behalf of the corporation.

	 	 	 	 	 
	 	                                                     /s/ Pamela Connor
 	 
	 	Notary Public 	 

	 	 	 
	My Commission Expires: 8-2-14

	 	[SEAL]
	 

	 	

THIS INSTRUMENT PREPARED BY:

Kathleen A. Kress, Esq. 

Shumaker, Loop & Kendrick, LLP 

1000 Jackson Street 
Toledo, Ohio 43604-5573

 

S-4

 

SCHEDULE 1: INITIAL RENT SCHEDULE

CAPITAL SENIOR LIVING — MASTER LEASE III 

HEALTH CARE REIT, INC.

FINAL

	 	 	 	 	 
	EFFECTIVE DATE

	 	 	04/08/11	 
	INITIAL TERM COMMENCEMENT DATE

	 	 	05/01/11	 
	INITIAL TERM

	 	 	15	 Yrs
	INITIAL TERM EXPIRATION DATE

	 	 	04/30/26	 
	INITIAL INVESTMENT AMOUNT

	 	 	141,510,000	 
	INITIAL RENT RATE OF RETURN:

	 	 	7.25	%
	INCREASER	 	 	As defined within the Master Lease Agreement	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	RENT RATE	 	 	MONTHLY	 	 	 	 
	 	 	DATES	 	 	INCREASER	 	 	OF RETURN	 	 	RENT	 	 	ANNUAL	 
	LEASE YEAR	 	FROM	 	 	TO	 	 	PERCENTAGE	 	 	(ROUNDED)	 	 	AMOUNT	 	 	RENT AMOUNT	 
	 
	 	 	04/08/11	 	 	 	04/30/11	 	 	N/A	 	 	7.25	%	 	 	646,487.47	 	 	 	646,487.47	 
	1
	 	 	05/01/11	 	 	 	04/30/12	 	 	N/A	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	2
	 	 	05/01/12	 	 	 	04/30/13	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	3
	 	 	05/01/13	 	 	 	04/30/14	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	4
	 	 	05/01/14	 	 	 	04/30/15	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	5
	 	 	05/01/15	 	 	 	04/30/16	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	6
	 	 	05/01/16	 	 	 	04/30/17	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	7
	 	 	05/01/17	 	 	 	04/30/18	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	8
	 	 	05/01/18	 	 	 	04/30/19	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	9
	 	 	05/01/19	 	 	 	04/30/20	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	10
	 	 	05/01/20	 	 	 	04/30/21	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	11
	 	 	05/01/21	 	 	 	04/30/22	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	12
	 	 	05/01/22	 	 	 	04/30/23	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	13
	 	 	05/01/23	 	 	 	04/30/24	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	14
	 	 	05/01/24	 	 	 	04/30/25	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 
	15
	 	 	05/01/25	 	 	 	04/30/26	 	 	TBD	 	 	7.25	%	 	 	854,956.25	 	 	 	10,259,475.00	 

 

 

 

EXHIBIT A: LEGAL DESCRIPTIONS

CONSISTING OF EXHIBITS A-1 THROUGH A-4

 

 

 

EXHIBIT A-1: LEGAL DESCRIPTION

Facility: Spring Meadows Libertyville, Libertyville IL

Lot 2 in Florsheim Subdivision, being a subdivision of part of Lot 6 of Artaius Subdivision of part
of the Southwest 1/4 of Section 27 and part of the Southeast 1/4 of Section 28,
Township 44 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof of
said Florsheim Subdivision recorded July 28, 1987 as Document 2594894 and amended by Certificate of
Correction recorded as Document 2627015, in Lake County, Illinois.

 

S-2

 

EXHIBIT A-2: LEGAL DESCRIPTION

Facility: Spring Meadows Naperville, Naperville IL

Parcel 1:

Lot 1 in Kingston Green Unit 1, being a subdivision of part of Sections 11 and 14, Township 38
North, Range 9, East of the Third Principal Meridian, according to the Plat thereof recorded July
30, 1998 as Document R98-152441, in DuPage County, Illinois.

Parcel 2:

A non-exclusive easement for the benefit of Parcel 1 as created by Easement Agreement made by and
between American National Bank and Trust Company of Chicago, as Trustee under Trust Agreement dated
June 14, 1990 and known as Trust Number 112169-00 and McDonald’s Corporation, a Delaware
corporation, dated May 15, 1998 and recorded July 17, 1998 as Document R98-143382 for the purpose
of vehicular and pedestrian ingress and egress, to and from Parcel 1, over, upon, and across the
driveways and access ways, sidewalks, walkways, and entrances and exits, as such areas shall, from
time to time, be developed, altered or modified, over certain portions of the following described
land: Lot 2 of Old River Marketplace Shopping Center, being a subdivision of part of Sections 11
and 14, Township 38 North, Range 9, East of the Third Principal Meridian, in DuPage County,
Illinois.

Parcel 3:

A non-exclusive easement for the benefit of Parcel 1 as created by Easement Agreement made by and
between American National Bank and Trust Company of Chicago, as Trustee under Trust Agreement
dated June 14, 1990 and known as Trust Number 112169-00 and LCOR/JV Naperville SL L.L.C. dated
November 30, 1998 and recorded December 11, 1998 as Document No. R98-261287 for purposes of
providing storm water drainage from the subject premises to the detention pond constructed on land
lying Northwest and adjoining.

 

S-3

 

EXHIBIT A-3: LEGAL DESCRIPTION

Facility: Spring Meadows Trumbull, Trumbull CT

All that certain piece or parcel of land, with the buildings and improvements thereon, situated and
lying in the Town of Trumbull, County of Fairfield and State of Connecticut located at Route 25 and
Fox Road, a certain piece or parcel of land situated in the Town of Trumbull, County of Fairfield,
and State of Connecticut, as shown on a Map entitled “ALTA/ACSM land Title Survey of Map of
Property Tax Assessor’s Map ‘D2’, Parcel 7 Main Street (CT Rte. 25) Trumbull, Connecticut Scale: 1’
= 40’ Jan. 30, 1997, Rev. June 12, 1997, Rev. September 5, 1997, Re. 11-17-98” by Michael Buturia
P.E., L.S. CT 132290, 2945 Main Street, Stratford, CT 06497, which map was filed in the Town
Clerk’s Office of the Town of Trumbull on December 2, 1998, Map #2907. Said premises being more
particularly bounded and described as follows:

Commencing at the intersection of the southerly line of Cedar Hill Road and the westerly line of
Main Street the following courses and distances.

South 54°00’09 East, a distance of 203.43 feet to the point of beginning;

Thence South 54°00’09” East, a distance of 113.78 feet;

Thence South 36°28’27” West, a distance of 27.61 feet;

Thence South 53°31’33” East, a distance of 299.42 feet;

Thence South 48°44’06” West, a distance of 168.00 feet;

Thence South 37°21’30” West, a distance of 116.61 feet;

Thence South 13°34’14” West, a distance of 29.24 feet;

Thence South 38°22’11” West, a distance of 213.25 feet;

Thence South 77°25’18” West a distance of 20.11 feet;

Thence South 37°37’26” West, a distance of 88.46 feet;

Thence South 39°26’51” West, a distance of 123.36 feet;

Thence South 36°31’59” West, a distance of 79.58 feet;

Thence South 44°09’05” West, a distance of 52.52 feet;

Thence North 36°37’ 16” West, a distance of 199.98 feet;

Thence North 35°18’01” West, a distance of 41.26 feet;

 

S-4

 

Thence North 35°13’21” West, a distance of 115.00 feet;

Thence North 18°09’48” West, a distance of 68.97 feet;

Thence North 23°52’38” West, a distance of 68.85 feet;

Thence North 21°56’ 18” West, a distance of 69.91 feet;

Thence North 23°32’03” West, a distance of 149.77 feet;

Thence North 68°53’52” East, a distance of 143.51 feet;

Thence North 84°25’55” East, a distance of 64.21 feet;

Thence South 87°41’37” East, a distance of 34.30 feet;

Thence South 82°46’17” East, a distance of 20.58 feet;

Thence North 59°51’45” East, a distance of 36.39 feet;

Thence North 46°02’51” East, a distance of 70.28 feet;

Thence North 43°54’03” East, a distance of 43.50 feet;

Thence North 50°31’55” East, a distance of 17.38 feet;

Thence North 64°45’41” East, a distance of 58.13 feet;

Thence North 66°02’11” East, a distance of 73.99 feet;

Thence North 76°11’50” East, a distance of 10.79 feet;

Thence North 42°47’55” East, a distance of 134.64 feet to the point of beginning.

 

S-5

 

EXHIBIT A-4: LEGAL DESCRIPTION

Facility: Spring Meadows Summit, Summit NJ

All that certain tract, parcel and lot of land lying and being situate in the City of Summit,
County of Union, State of New Jersey, being more particularly described as follows:

Beginning at a point on the Northerly sideline of Springfield Avenue distant 282.83 feet along
various courses Westwardly from the Southerly sideline of Broad Street, if said sidelines were
extended to form an intersection, thence from said point of beginning;

	 	1.	 	North 7 Degrees 03 Minutes 00 Second West, 150.22 Feet; thence

	 
	 	2.	 	North 29 Degrees 16 Minutes 30 Seconds East, 50.00 Feet to the rear line of lots
fronting on Broad Street, thence

	 
	 	3.	 	North 60 Degrees 43 Minutes 30 Seconds West, 229.08 Feet; thence

	 
	 	4.	 	South 24 Degrees 22 Minutes 00 Seconds West, 29.85 Feet; thence

	 
	 	5.	 	North 65 Degrees 38 Minutes 00 Seconds West, 75.00 Feet; thence

	 
	 	6.	 	South 24 Degrees 22 Minutes 00 Seconds West, 125.00 Feet; thence

	 
	 	7.	 	North 65 Degrees 38 Minutes 00 Seconds West, 125.00 Feet to a point on the Easterly
sideline of Middle Avenue, distant 202.00 Feet Southwardly from the Southerly sideline of
Broad Street; thence

	 
	 	8.	 	South 24 Degrees 22 Minutes 00 Seconds West, 59.01 Feet to a point and corner; thence

	 
	 	9.	 	South 45 Degrees 15 minutes 25 seconds East, 393.70 Feet to the aforementioned
Northerly sideline of Springfield Avenue; thence

	 
	 	10.	 	North 53 Degrees 33 Minutes 30 Seconds East, 86.59 Feet; thence

	 
	 	11.	 	North 72 Degrees 42 Minutes 30 Seconds East, 108.12 Feet; thence

	 
	 	12.	 	North 84 Degrees 21 Minutes 30 Seconds East, 11.76 Feet to the point or place of beginning.

 

S-6

 

EXHIBIT B: PERMITTED EXCEPTIONS

CONSISTING OF EXHIBIT B-1 THROUGH EXHIBIT B-4

 

 

 

EXHIBIT B-1: PERMITTED EXCEPTION

Facility: Spring Meadows Libertyville, Libertyville, IL

	1.	 	Taxes and assessments not yet due and payable.

	2.	 	Multifamily Mortgage, Assignment of Rents and Security Agreement made by SHP II, CSL
Libertyville, LLC, a Delaware limited liability company, to GMAC Commercial Mortgage
Corporation dated April 28, 2006, recorded May 2, 2006, as Document 5986662, as further
affected by an Assumption Agreement.

	3.	 	Cross-Collateralization Agreement and Amendment to Security Instrument by
GMAC Commercial Mortgage Corporation and SHP 11/CSL Libertyville, LLC, a Delaware limited
liability company recorded May 2, 2006 as Document 5986663, Assignment of Security Instrument
and Cross-Collateralization Agreement and Amendment to Security Instrument to Federal Home
Loan Mortgage Corporation recorded May 2, 2006 as Document 5986664, as further affected by an
Assumption Agreement.

	4.	 	UCC-1 Financing Statement from Landlord in favor of Lender.

	5.	 	Easement for public utilities and drainage over the Northerly and West 10 Feet and South 25
Feet of said Lot, as shown on Plat of said subdivision recorded as Document 2594894.

	6.	 	Easement in favor of the Village of Libertyville recorded June 16, 1983 as Document 2219072.

	7.	 	Notation on the Plat of subdivision as amended by Certificate of Correction recorded as
Document 2627015 granting Utility Easement to the Village of Libertyville, North Shore Gas
Company, Commonwealth Edison Company and Illinois Bell Telephone Company as shown on Plat and
marked public utilities and drainage easement.

	8.	 	Terms and provisions contained in Ordinance of The Village of Libertyville recorded April 30,
1993 as Document 3323514.

	9.	 	Instrument recorded January 6, 1998 as Document 4068775, by The Village of Libertyville,
amending the zoning map and granting special use.

	10.	 	Reservation of easement for sanitary sewer as contained in Trustees Deed dated August 17,
1965 and recorded August 18, 1965 as Document 1273895.

	11.	 	Easement for sanitary sewer as granted by Rogers Red Top, Inc., in instrument dated May 15,
1975 and recorded September 26, 1975 as Document 1730702.

	12.	 	Easement in favor of the Commonwealth Edison Company dated February 2, 2000 and recorded
March 6, 2000 as Document No. 4498908.

	13.	 	Rights or claims of parties in possession, as residents or tenants only, with no purchase
options and no rights of first refusal.

	14.	 	Terms and conditions of a Memorandum of Lease between Landlord and Tenant, as affected by
Subordination, Non-Disturbance and Attornment Agreement.

 

 

 

EXHIBIT B-2: PERMITTED EXCEPTION

Facility: Spring Meadows Naperville, Naperville, IL

	1.	 	Taxes and assessments not yet due and payable.

	2.	 	Multifamily Mortgage, Assignment of Rents and Security Agreement made by SHP II, CSL
Naperville, LLC to GMAC Commercial Mortgage Corporation dated April 28, 2006, recorded May 2,
2006 as Instrument No. R2006-080406, as further affected by an Assumption Agreement.

	3.	 	Cross-Collateralization Agreement and Amendment to Security Instrument by
GMAC Commercial Mortgage Corporation and SHP II/CSL Naperville, LLC, recorded May 2, 2006 as
Document R2006-080407, Assignment of the Cross-Collateralization Agreement to Federal Home
Loan Mortgage Corporation recorded May 2, 2006 as Document R2006-080409, as further affected
by an Assumption Agreement.

	4.	 	UCC-1 Financing Statement from Landlord in favor of Lender.

	5.	 	Restrictive covenant recorded June 21, 1991 as Document R91-076182.

	6.	 	Public utility and drainage easements, 44 foot building line, emergency vehicle and fire lane
easement, and storm water management easement and the covenants relating thereto, as set forth
in the provisions on the Plat of Kingston Green Unit 1, recorded July 30, 1998 as Document
R98-152441.

	7.	 	Permanent access control covenant set forth on the Plat of Old River Marketplace Shopping
Center recorded June 13, 1991 as Document R91-071643.

	8.	 	Ingress and egress easement provisions set forth on the Plat of Old River Marketplace
Shopping Center, recorded June 13, 1991 as Document R91-071643 and as shown on the Plat of
Kingston Green Unit 1, recorded July 30, 1998 as Document R98-152441.

	9.	 	Covenants, conditions and restrictions and easements contained in the Easement Agreement
recorded July 17, 1998 as Document R98-143382.

	10.	 	Terms, provisions and conditions contained in the Statement of Intent and Agreement recorded
July 30, 1998 as Document R98-152441. Modified by First Amendment to the Statement of Intent
and Agreement for Kingston Green Unit 1, recorded June 23, 1999 as Document R1999-139182.

	11.	 	Access Easement Agreement recorded December 11, 1998 as Document R98-261288.

	12.	 	Detention Easement Agreement recorded December 11, 1998 as Document R98-261287.

	13.	 	Rights or claims of parties in possession, as residents or tenants only, with no purchase
options and no rights of first refusal.

	14.	 	Terms and conditions of a Memorandum of Lease between Landlord and Tenant, as affected by
Subordination, Non-Disturbance and Attornment Agreement.

 

 

 

EXHIBIT B-3: PERMITTED EXCEPTION

Facility: Spring Meadows Trumbull, Trumbull CT

	1.	 	Taxes, assessments and sewer use charges not yet due and payable.

	2.	 	Multi-Family Open-End Mortgage, Assignment of Rents and Security Agreement in Volume 1384
Page 292 to GMAC Commercial Mortgage Corporation dated April 28, 2006 and recorded May 2,
2006. Assigned in Volume 1384 Page 361 to Federal Home Loan Mortgage Corporation dated April
28, 2006 and recorded May 2, 2006, as further affected by an Assumption Agreement.

	3.	 	Cross-Collateralization Agreement and Amendment to Security Instrument in Volume 1384 Page
348 with GMAC Commercial Mortgage Corporation dated April 28, 2006 and recorded May 2, 2006;
as assigned in Volume 1384 Page 361 to Federal Home Loan Mortgage Corporation dated April 28,
2006 and recorded May 2, 2006; as further affected by an Assumption Agreement.

	4.	 	UCC-1 Financing Statement from Landlord in favor of Lender.

	5.	 	Easement to The Southern New England Telephone Company dated April 3, 2000 and recorded May
16, 2000 in Volume 1042 at Page 477.

	6.	 	Rights or claims of parties in possession, as residents or tenants only, with no purchase
options and no rights of first refusal.

	7.	 	The following matters shown on Survey made by Millman Surveying, Inc., dated December 31,
2010, last revised March 29, 2011:

	 	•	 	Building setback lines (not currently violated).

	 
	 	•	 	Stone wall encroaches over southerly boundary line.

	8.	 	Terms and conditions of a Notice of Lease between Landlord and Tenant, as affected by
Subordination, Non-Disturbance and Attornment Agreement.

 

 

 

EXHIBIT B-4: PERMITTED EXCEPTION

Facility: Spring Meadows Summit, Summit NJ

	1.	 	Taxes and assessments not yet due and payable.

	2.	 	Multifamily Mortgage, Assignment of Rents and Security Agreement recorded in Mortgage Book M11670, Page 396, between SHP II/CSL Summit LLC, a Delaware limited liability company
(Mortgagor/Borrower) and GMAC Commercial Mortgage Corporation (Mortgagee/Lender) dated April
28, 2006, recorded May 3, 2006, in the office of the Clerk/Register of Union.

	3.	 	Cross-Collateralization Agreement and Amendment to Security Instrument recorded in Mortgage
Book M11670, Page 457, as further affected by an Assumption Agreement.

	4.	 	Mortgage assigned to Federal Home Loan Mortgage Corporation recorded in Mortgage Book AB1347,
Page 671, as further affected by an Assumption Agreement.

	5.	 	UCC-1 Financing Statement from Landlord in favor of Lender.

	6.	 	Easement as set forth in Deed between LCOR/JV Summit SL, LLC and Jersey Central Power & Light
Company and Bell Atlantic of New Jersey, Inc., dated January 10, 2000 and recorded May 9, 2000
in Deed Book 4963, Page 340.

	7.	 	Terms and conditions as set forth in License Agreement between City of Summit and LCOR/TV
Summit SL, LLC, dated May 29, 2002 and recorded July 11, 2002 in Deed Book 5290, Page 186.

	8.	 	Rights or claims of parties in possession, as residents or tenants only, with no purchase
options and no rights of first refusal.

	9.	 	The following matters shown on Survey made by Millman Surveying, Inc., dated January 18,
2011, Job No. 21566:

	 	•	 	Paved path extends into bed of Middle Avenue;

	 
	 	•	 	35 foot front setback and 25 foot side and rear setbacks.

	10.	 	Terms and conditions of a Memorandum of Lease between Landlord and Tenant, as affected by
Subordination, Non-Disturbance and Attornment Agreement.

 

 

 

EXHIBIT C: FACILITY INFORMATION

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Facility Type	 	 	 	 	 	 
	 	 	 	 	(per license or	 	 	 	 	 	 
	 	 	 	 	certificate of	 	 	 	 	 	 
	Facility Name	 	Street Address	 	occupancy)	 	Base Year Resident	 	 	 	 
	Subtenant	 	County	 	Beds/Units	 	Revenues	 	 	Year 1 Rent	 
	Spring Meadows Libertyville

Encumbered Facility

(“Libertyville Facility”)

CSL Libertyville, LLC
 
	 	901 Florsheim Drive
Libertyville,
Illinois 60048
County: Lake	 	Independent and assisted living 153 IL Units 44 AL Units 100 licensed AL units 253 operating beds	 	$	6,900,000.00	 	 	$	3,291,500.00	 
	Spring Meadows Naperville

Encumbered Facility

(“Naperville Facility”)

CSL Naperville, LLC

	 	504 N. River
Road
Naperville,
Illinois 60563
County:

DuPage	 	Independent and assisted living 148 IL Units 45 AL Units 70 licensed AL units 231 operating beds	 	$	5,100,000.00	 	 	$	2,341,750.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Spring Meadows Summit

Encumbered Facility

(“Summit Facility”)

SHP II/CSL Summit, LLC
	 	41 Springfield Avenue 
Summit,
New Jersey 07901
County: Union	 	assisted living 98 licensed AL beds 98 operating beds 88 units	 	$	4,800,000.00	 	 	$	1,211,475.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Spring Meadows Trumbull

Encumbered Facility

(“Trumbull Facility”)

CSL Trumbull, LLC
	 	6949 Main Street Trumbull,
Connecticut 06611
County: Fairfield	 	Independent and assisted living 106 IL Units 44 AL Units 178 operating beds	 	$	7,800,000.00	 	 	$	3,414,750.00	 

 

 

 

EXHIBIT D: LANDLORD’S PERSONAL PROPERTY

CONSISTING
OF EXHIBIT D-1 THROUGH EXHIBIT D-4

 

 

 

Exhibit D-1

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location =
Libertyville
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = A
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001151
	 	 	08/30/10	 	 	 	47,858.00	 	 	2010 Starcraft/Ford E450 Bus	 	P	 	SLMM	 	 	05 00	 	 	 	47,858.00	 	 	11/30/10	 	 	0.00	 	 	 	797.63	 	 	 	3,190.53	 	 	 	3,190.53	 
	001200
	 	 	11/19/10	 	 	 	3,350.00	 	 	Sales tax paid on new bus-IL	 	P	 	SLMM	 	 	04 10	 	 	 	3,350.00	 	 	11/30/10	 	 	0.00	 	 	 	57.76	 	 	 	57.76	 	 	 	57.76	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = A
	 	 	 	51,208.00	 	 	 	 	 	 	 	 	 	 	 	 	 	51,208.00	 	 	 	 	 	0.00	 	 	 	855.39	 	 	 	3,248.29	 	 	 	3,248.29	 
	Less disposals
and transfers 

Count = 0
	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal 

Count = 2
	 	 	 	51,208.00	 	 	 	 	 	 	 	 	 	 	 	 	 	51,208.00	 	 	 	 	 	0.00	 	 	 	855.39	 	 	 	3,248.29	 	 	 	3,248.29	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000394
	 	 	12/31/04	 	 	 	1,700.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,700.00	 	 	11/30/10	 	 	850.00	 	 	 	14.17	 	 	 	170.00	 	 	 	1,020.00	 
	000395
	 	 	01/21/05	 	 	 	7,450.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	7,450.00	 	 	11/30/10	 	 	3,662.92	 	 	 	62.09	 	 	 	745.00	 	 	 	4,407.92	 
	000396
	 	 	02/04/05	 	 	 	22,350.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	22,350.00	 	 	11/30/10	 	 	10,988.75	 	 	 	186.25	 	 	 	2,235.00	 	 	 	13,223.75	 
	000397
	 	 	04/30/05	 	 	 	512.69	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	512.69	 	 	11/30/10	 	 	239.26	 	 	 	4.28	 	 	 	51.27	 	 	 	290.53	 
	000398
	 	 	04/30/05	 	 	 	2,224.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	2,224.00	 	 	11/30/10	 	 	1,037.87	 	 	 	18.54	 	 	 	222.40	 	 	 	1,260.27	 
	000399
	 	 	04/30/05	 	 	 	17,172.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	17,172.00	 	 	11/30/10	 	 	8,013.60	 	 	 	143.10	 	 	 	1,717.20	 	 	 	9,730.80	 
	000400
	 	 	05/06/05	 	 	 	120.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	120.00	 	 	11/30/10	 	 	56.00	 	 	 	1.00	 	 	 	12.00	 	 	 	68.00	 
	000401
	 	 	05/31/05	 	 	 	377.62	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	377.62	 	 	11/30/10	 	 	173.07	 	 	 	3.15	 	 	 	37.76	 	 	 	210.83	 
	000402
	 	 	05/31/05	 	 	 	(2,365.00	)	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	(2,365.00	)	 	11/30/10	 	 	(1,083.96	)	 	 	(19.71	)	 	 	(236.50	)	 	 	(1,320.46	)
	000403
	 	 	06/30/05	 	 	 	675.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	675.00	 	 	11/30/10	 	 	303.75	 	 	 	5.63	 	 	 	67.50	 	 	 	371.25	 
	000404
	 	 	07/31/05	 	 	 	447.19	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	447.19	 	 	11/30/10	 	 	197.51	 	 	 	3.73	 	 	 	44.72	 	 	 	242.23	 
	000405
	 	 	07/31/05	 	 	 	539.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	539.00	 	 	11/30/10	 	 	238.06	 	 	 	4.50	 	 	 	53.90	 	 	 	291.96	 
	000406
	 	 	08/22/05	 	 	 	5,067.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	5,067.00	 	 	11/30/10	 	 	2,195.70	 	 	 	42.23	 	 	 	506.70	 	 	 	2,702.40	 
	000407
	 	 	08/31/05	 	 	 	2,500.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	2,500.00	 	 	11/30/10	 	 	1,083.33	 	 	 	20.84	 	 	 	250.00	 	 	 	1,333.33	 
	000408
	 	 	10/31/05	 	 	 	4,569.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	4,569.00	 	 	11/30/10	 	 	1,903.75	 	 	 	38.08	 	 	 	456.90	 	 	 	2,360.65	 
	000409
	 	 	12/30/05	 	 	 	328.85	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	328.85	 	 	11/30/10	 	 	131.56	 	 	 	2.75	 	 	 	32.89	 	 	 	164.45	 
	000410
	 	 	12/31/05	 	 	 	884.68	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	884.68	 	 	11/30/10	 	 	353.88	 	 	 	7.38	 	 	 	88.47	 	 	 	442.35	 
	000411
	 	 	01/22/06	 	 	 	3,183.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	3,183.00	 	 	11/30/10	 	 	1,246.68	 	 	 	26.53	 	 	 	318.30	 	 	 	1,564.98	 
	000412
	 	 	01/31/06	 	 	 	3,072.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	3,072.00	 	 	11/30/10	 	 	1,203.20	 	 	 	25.60	 	 	 	307.20	 	 	 	1,510.40	 
	000413
	 	 	01/31/06	 	 	 	652.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	652.50	 	 	11/30/10	 	 	255.56	 	 	 	5.44	 	 	 	65.25	 	 	 	320.81	 
	000414
	 	 	03/31/06	 	 	 	1,097.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,097.00	 	 	11/30/10	 	 	411.38	 	 	 	9.15	 	 	 	109.70	 	 	 	521.08	 
	000415
	 	 	03/31/06	 	 	 	442.28	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	442.28	 	 	11/30/10	 	 	165.86	 	 	 	3.69	 	 	 	44.23	 	 	 	210.09	 
	000416
	 	 	04/30/06	 	 	 	3,250.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	3,250.00	 	 	11/30/10	 	 	1,191.67	 	 	 	27.09	 	 	 	325.00	 	 	 	1,516.67	 
	000417
	 	 	04/30/06	 	 	 	3,500.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	3,500.00	 	 	11/30/10	 	 	1,283.33	 	 	 	29.17	 	 	 	350.00	 	 	 	1,633.33	 
	000418
	 	 	05/31/06	 	 	 	539.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	539.00	 	 	11/30/10	 	 	193.14	 	 	 	4.50	 	 	 	53.90	 	 	 	247.04	 
	000419
	 	 	05/31/06	 	 	 	416.26	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	416.26	 	 	11/30/10	 	 	149.17	 	 	 	3.47	 	 	 	41.63	 	 	 	190.80	 
	000420
	 	 	06/22/06	 	 	 	2,700.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	2,700.00	 	 	11/30/10	 	 	945.00	 	 	 	22.50	 	 	 	270.00	 	 	 	1,215.00	 
	000421
	 	 	06/30/06	 	 	 	750.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	750.00	 	 	11/30/10	 	 	262.50	 	 	 	6.25	 	 	 	75.00	 	 	 	337.50	 
	000422
	 	 	07/31/06	 	 	 	3.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	3.00	 	 	11/30/10	 	 	1.03	 	 	 	0.03	 	 	 	0.30	 	 	 	1.33	 
	000423
	 	 	07/31/06	 	 	 	12,260.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	12,260.00	 	 	11/30/10	 	 	4,188.83	 	 	 	102.17	 	 	 	1,226.00	 	 	 	5,414.83	 
	000424
	 	 	11/30/06	 	 	 	(3,645.03	)	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	(3,645.03	)	 	11/30/10	 	 	(1,123.89	)	 	 	(30.38	)	 	 	(364.50	)	 	 	(1,488.39	)
	000425
	 	 	12/19/06	 	 	 	6,000.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	6,000.00	 	 	11/30/10	 	 	1,800.00	 	 	 	50.00	 	 	 	600.00	 	 	 	2,400.00	 
	000426
	 	 	12/31/06	 	 	 	4,472.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	4,472.00	 	 	11/30/10	 	 	1,341.60	 	 	 	37.27	 	 	 	447.20	 	 	 	1,788.80	 
	000427
	 	 	12/31/06	 	 	 	1,478.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,478.00	 	 	11/30/10	 	 	443.40	 	 	 	12.32	 	 	 	147.80	 	 	 	591.20	 
	000428
	 	 	12/31/06	 	 	 	1,223.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,223.50	 	 	11/30/10	 	 	367.05	 	 	 	10.20	 	 	 	122.35	 	 	 	489.40	 
	000429
	 	 	12/31/06	 	 	 	1,463.87	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,463.87	 	 	11/30/10	 	 	439.17	 	 	 	12.20	 	 	 	146.39	 	 	 	585.56	 
	000594
	 	 	02/23/07	 	 	 	2,388.00	 	 	2 Windows (#181,250) — Buy I	 	P	 	SLMM	 	 	10 00	 	 	 	2,388.00	 	 	11/30/10	 	 	676.61	 	 	 	19.90	 	 	 	238.80	 	 	 	915.41	 
	000596
	 	 	12/31/06	 	 	 	(1,223.50	)	 	Building-Delete Asset # 428	 	P	 	SLMM	 	 	10 00	 	 	 	(1,223.50	)	 	11/30/10	 	 	(367.05	)	 	 	(10.20	)	 	 	(122.35	)	 	 	(489.40	)
	000637
	 	 	06/30/07	 	 	 	4,438.00	 	 	Evaporator Coil repl in AC-5	 	P	 	SLMM	 	 	10 00	 	 	 	4,438.00	 	 	11/30/10	 	 	1,109.50	 	 	 	36.99	 	 	 	443.80	 	 	 	1,553.30	 
	000646
	 	 	06/30/07	 	 	 	4,196.52	 	 	Due Diligence Study re: sprin	 	P	 	NoDep	 	 	00 00	 	 	 	4,196.52	 	 	11/30/10	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 

	 	 	 
	January 11, 2011 at 3:17 PM

	 	Page 1

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location =
Libertyville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000653
	 	 	07/20/07	 	 	 	6,740.00	 	 	Repl. 11 Windows - Buy
Right	 	P	 	SLMM	 	 	10 00	 	 	 	6,740.00	 	 	11/30/10	 	 	1,628.83	 	 	 	56.17	 	 	 	674.00	 	 	 	2,302.83	 
	000667
	 	 	08/10/07	 	 	 	1,675.00	 	 	DR Window Repl - Buy Right	 	P	 	SLMM	 	 	10 00	 	 	 	1,675.00	 	 	11/30/10	 	 	404.79	 	 	 	13.96	 	 	 	167.50	 	 	 	572.29	 
	000689
	 	 	09/12/07	 	 	 	2,945.00	 	 	Rubber Roof - Sunset Exterio	 	P	 	SLMM	 	 	20 00	 	 	 	2,945.00	 	 	11/30/10	 	 	343.58	 	 	 	12.28	 	 	 	147.25	 	 	 	490.83	 
	000704
	 	 	10/11/07	 	 	 	4,600.00	 	 	Caulk Roof Seams-Local Roc	 	P	 	SLMM	 	 	10 00	 	 	 	4,600.00	 	 	11/30/10	 	 	1,035.00	 	 	 	38.34	 	 	 	460.00	 	 	 	1,495.00	 
	000705
	 	 	10/11/07	 	 	 	498.00	 	 	Repl. Rear Door Closer-MGN	 	P	 	SLMM	 	 	10 00	 	 	 	498.00	 	 	11/30/10	 	 	112.05	 	 	 	4.15	 	 	 	49.80	 	 	 	161.85	 
	000706
	 	 	10/11/07	 	 	 	6,668.75	 	 	Hollow Metal Rear Door-Midy	 	P	 	SLMM	 	 	20 00	 	 	 	6,668.75	 	 	11/30/10	 	 	750.24	 	 	 	27.79	 	 	 	333.44	 	 	 	1,083.68	 
	000707
	 	 	10/31/07	 	 	 	1,187.79	 	 	2 unit heaters & thermostats	 	P	 	SLMM	 	 	10 00	 	 	 	1,187.79	 	 	11/30/10	 	 	257.37	 	 	 	9.90	 	 	 	118.78	 	 	 	376.15	 
	000710
	 	 	10/30/07	 	 	 	428.00	 	 	Repl. Wallpaper(Ladies Bath,	 	P	 	SLMM	 	 	10 00	 	 	 	428.00	 	 	11/30/10	 	 	92.73	 	 	 	3.57	 	 	 	42.80	 	 	 	135.53	 
	000714
	 	 	11/16/07	 	 	 	1,415.00	 	 	Repl. Glass in Windows - Kle	 	P	 	SLMM	 	 	10 00	 	 	 	1,415.00	 	 	11/30/10	 	 	294.79	 	 	 	11.80	 	 	 	141.50	 	 	 	436.29	 
	000715
	 	 	11/19/07	 	 	 	4,500.00	 	 	10 brick pillars - Nelson Masc	 	P	 	SLMM	 	 	10 00	 	 	 	4,500.00	 	 	11/30/10	 	 	937.50	 	 	 	37.50	 	 	 	450.00	 	 	 	1,387.50	 
	000717
	 	 	11/29/07	 	 	 	1,037.16	 	 	Sweeps guard rails for back d	 	P	 	SLMM	 	 	10 00	 	 	 	1,037.16	 	 	11/30/10	 	 	216.08	 	 	 	8.65	 	 	 	103.72	 	 	 	319.80	 
	000718
	 	 	11/29/07	 	 	 	6,775.50	 	 	Compressors, condensors for	 	P	 	SLMM	 	 	10 00	 	 	 	6,775.50	 	 	11/30/10	 	 	1,411.56	 	 	 	56.47	 	 	 	677.55	 	 	 	2,089.11	 
	000728
	 	 	12/31/07	 	 	 	11,370.00	 	 	Glycol Loop Installation - US I	 	P	 	SLMM	 	 	10 00	 	 	 	11,370.00	 	 	11/30/10	 	 	2,274.00	 	 	 	94.75	 	 	 	1,137.00	 	 	 	3,411.00	 
	000729
	 	 	12/31/07	 	 	 	2,196.00	 	 	Repl Valves, Motor in Rooltor	 	P	 	SLMM	 	 	10 00	 	 	 	2,196.00	 	 	11/30/10	 	 	439.20	 	 	 	18.30	 	 	 	219.60	 	 	 	658.80	 
	000777
	 	 	04/11/08	 	 	 	1,590.00	 	 	Siding Repl. - Buy Right	 	P	 	SLMM	 	 	20 00	 	 	 	1,590.00	 	 	11/30/10	 	 	139.13	 	 	 	6.63	 	 	 	79.50	 	 	 	218.63	 
	000778
	 	 	04/30/08	 	 	 	6,610.00	 	 	3 electronic door detectors in	 	P	 	SLMM	 	 	10 00	 	 	 	6,610.00	 	 	11/30/10	 	 	1,101.67	 	 	 	55.09	 	 	 	661.00	 	 	 	1,762.67	 
	000810
	 	 	06/27/08	 	 	 	420.73	 	 	Booster Pump Repl - Fluid P	 	P	 	SLMM	 	 	10 00	 	 	 	420.73	 	 	11/30/10	 	 	63.11	 	 	 	3.51	 	 	 	42.07	 	 	 	105.18	 
	000811
	 	 	06/27/08	 	 	 	3,060.00	 	 	Aluminum Soflit Sys on 8 Bali	 	P	 	SLMM	 	 	10 00	 	 	 	3,060.00	 	 	11/30/10	 	 	459.00	 	 	 	25.50	 	 	 	306.00	 	 	 	765.00	 
	000818
	 	 	07/11/08	 	 	 	2,720.00	 	 	Overhangs installed (front & I	 	P	 	SLMM	 	 	10 00	 	 	 	2,720.00	 	 	11/30/10	 	 	408.00	 	 	 	22.67	 	 	 	272.00	 	 	 	680.00	 
	000833
	 	 	08/15/08	 	 	 	2,085.00	 	 	3 white vinyl windows - Rebel	 	P	 	SLMM	 	 	10 00	 	 	 	2,085.00	 	 	11/30/10	 	 	295.38	 	 	 	17.38	 	 	 	208.50	 	 	 	503.88	 
	000834
	 	 	08/31/08	 	 	 	4,495.00	 	 	Concrete work (front entr.)-Si	 	P	 	SLMM	 	 	20 00	 	 	 	4,495.00	 	 	11/30/10	 	 	299.68	 	 	 	18.73	 	 	 	224.75	 	 	 	524.43	 
	000835
	 	 	08/31/08	 	 	 	3,935.00	 	 	66 pairs vinyl shutters - Rebe	 	P	 	SLMM	 	 	10 00	 	 	 	3,935.00	 	 	11/30/10	 	 	524.67	 	 	 	32.80	 	 	 	393.50	 	 	 	918.17	 
	000838
	 	 	08/31/08	 	 	 	1,588.29	 	 	New Gas Valve installed-Sim	 	P	 	SLMM	 	 	10 00	 	 	 	1,588.29	 	 	11/30/10	 	 	211.77	 	 	 	13.24	 	 	 	158.83	 	 	 	370.60	 
	000865
	 	 	10/31/08	 	 	 	3,324.00	 	 	Glass Repl. (various apts, sui	 	P	 	SLMM	 	 	10 00	 	 	 	3,324.00	 	 	11/30/10	 	 	387.80	 	 	 	27.70	 	 	 	332.40	 	 	 	720.20	 
	000894
	 	 	01/23/09	 	 	 	1,097.58	 	 	48 Ballasts - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	1,097.58	 	 	11/30/10	 	 	100.61	 	 	 	9.15	 	 	 	109.76	 	 	 	210.37	 
	000895
	 	 	01/23/09	 	 	 	1,915.00	 	 	Repl. glass for 5 windows - M	 	P	 	SLMM	 	 	10 00	 	 	 	1,915.00	 	 	11/30/10	 	 	175.54	 	 	 	15.96	 	 	 	191.50	 	 	 	367.04	 
	000908
	 	 	02/28/09	 	 	 	1,087.22	 	 	Schraeder valves for 12 heat	 	P	 	SLMM	 	 	10 00	 	 	 	1,087.22	 	 	11/30/10	 	 	90.60	 	 	 	9.06	 	 	 	108.72	 	 	 	199.32	 
	000920
	 	 	04/30/09	 	 	 	529.73	 	 	Repl Circulating pump for hot	 	P	 	SLMM	 	 	10 00	 	 	 	529.73	 	 	11/30/10	 	 	35.32	 	 	 	4.42	 	 	 	52.97	 	 	 	88.29	 
	000921
	 	 	04/30/09	 	 	 	1,960.00	 	 	Rebuild Fireline backflow dev	 	P	 	SLMM	 	 	10 00	 	 	 	1,960.00	 	 	11/30/10	 	 	130.67	 	 	 	16.34	 	 	 	196.00	 	 	 	326.67	 
	000934
	 	 	05/31/09	 	 	 	809.48	 	 	Condensor Fan Motor - Trian	 	P	 	SLMM	 	 	10 00	 	 	 	809.48	 	 	11/30/10	 	 	47.22	 	 	 	6.75	 	 	 	80.95	 	 	 	128.17	 
	000952
	 	 	07/31/09	 	 	 	996.96	 	 	Conversion of shower to bath	 	P	 	SLMM	 	 	20 00	 	 	 	996.96	 	 	11/30/10	 	 	20.77	 	 	 	4.16	 	 	 	49.85	 	 	 	70.62	 
	000965
	 	 	08/31/09	 	 	 	4,057.41	 	 	Repl heat exchanger - Triangl	 	P	 	SLMM	 	 	10 00	 	 	 	4,057.41	 	 	11/30/10	 	 	135.25	 	 	 	33.82	 	 	 	405.74	 	 	 	540.99	 
	000974
	 	 	09/11/09	 	 	 	2,864.00	 	 	Repl. 9 windows - Midland GI	 	P	 	SLMM	 	 	10 00	 	 	 	2,864.00	 	 	11/30/10	 	 	95.47	 	 	 	23.87	 	 	 	286.40	 	 	 	381.87	 
	000975
	 	 	09/18/09	 	 	 	954.78	 	 	Repl. motor in A/C RTU - Trai	 	P	 	SLMM	 	 	10 00	 	 	 	954.78	 	 	11/30/10	 	 	23.87	 	 	 	7.96	 	 	 	95.48	 	 	 	119.35	 
	000986
	 	 	10/16/09	 	 	 	1,364.00	 	 	Repl. 5 windows - Midland Gl	 	P	 	SLMM	 	 	10 00	 	 	 	1,364.00	 	 	11/30/10	 	 	22.73	 	 	 	11.37	 	 	 	136.40	 	 	 	159.13	 
	001009
	 	 	12/11/09	 	 	 	9,135.00	 	 	4 heat pumps - Triangle Envir	 	P	 	SLMM	 	 	10 00	 	 	 	9,135.00	 	 	11/30/10	 	 	76.13	 	 	 	76.13	 	 	 	913.50	 	 	 	989.63	 
	001010
	 	 	12/31/09	 	 	 	5,868.40	 	 	Repl. Main BCU Board - Triar	 	P	 	SLMM	 	 	10 00	 	 	 	5,868.40	 	 	11/30/10	 	 	0.00	 	 	 	48.91	 	 	 	586.84	 	 	 	586.84	 
	001011
	 	 	12/31/09	 	 	 	1,575.18	 	 	Repl Ethernet card in BCU - 1	 	P	 	SLMM	 	 	10 00	 	 	 	1,575.18	 	 	11/30/10	 	 	0.00	 	 	 	13.13	 	 	 	157.52	 	 	 	157.52	 
	001012
	 	 	12/31/09	 	 	 	3,495.33	 	 	Rebuilt/replaced PRVs on bo	 	P	 	SLMM	 	 	10 00	 	 	 	3,495.33	 	 	11/30/10	 	 	0.00	 	 	 	29.13	 	 	 	349.53	 	 	 	349.53	 
	001013
	 	 	12/31/09	 	 	 	483.64	 	 	Repl Inductor pump motor in 1	 	P	 	SLMM	 	 	10 00	 	 	 	483.64	 	 	11/30/10	 	 	0.00	 	 	 	4.03	 	 	 	48.36	 	 	 	48.36	 
	001047
	 	 	03/12/10	 	 	 	460.90	 	 	5 cabinet doors (kitchen) - Sa	 	P	 	SLMM	 	 	10 00	 	 	 	460.90	 	 	11/30/10	 	 	0.00	 	 	 	3.85	 	 	 	38.41	 	 	 	38.41	 
	001048
	 	 	03/19/10	 	 	 	19,659.46	 	 	8 heat pumps - Triangle Envir	 	P	 	SLMM	 	 	10 00	 	 	 	19,659.46	 	 	11/30/10	 	 	0.00	 	 	 	163.82	 	 	 	1,474.46	 	 	 	1,474.46	 
	001064
	 	 	04/30/10	 	 	 	3,750.89	 	 	Hatco water booster heater - (	 	P	 	SLMM	 	 	10 00	 	 	 	3,750.89	 	 	11/30/10	 	 	0.00	 	 	 	31.25	 	 	 	250.06	 	 	 	250.06	 
	001065
	 	 	04/30/10	 	 	 	1,128.91	 	 	Install RTU communication c;	 	P	 	SLMM	 	 	10 00	 	 	 	1,128.91	 	 	11/30/10	 	 	0.00	 	 	 	9.40	 	 	 	75.26	 	 	 	75.26	 
	001088
	 	 	05/24/10	 	 	 	947.94	 	 	Repl. Ian motor/blade (RTU #	 	P	 	SLMM	 	 	10 00	 	 	 	947.94	 	 	11/30/10	 	 	0.00	 	 	 	7.90	 	 	 	55.31	 	 	 	55.31	 
	001089
	 	 	05/28/10	 	 	 	6,235.01	 	 	Repl. vents (3 Locinvar hot w.	 	P	 	SLMM	 	 	10 00	 	 	 	6,235.01	 	 	11/30/10	 	 	0.00	 	 	 	51.95	 	 	 	363.71	 	 	 	363.71	 
	001090
	 	 	05/28/10	 	 	 	1,291.28	 	 	Repl. master control box(gen	 	P	 	SLMM	 	 	10 00	 	 	 	1,291.28	 	 	11/30/10	 	 	0.00	 	 	 	10.76	 	 	 	75.33	 	 	 	75.33	 
	001091
	 	 	05/31/10	 	 	 	491.00	 	 	Repl. large bay window(#240	 	P	 	SLMM	 	 	10 00	 	 	 	491.00	 	 	11/30/10	 	 	0.00	 	 	 	4.09	 	 	 	28.64	 	 	 	28.64	 
	001105
	 	 	06/30/10	 	 	 	663.00	 	 	Repl. windows (#275,280) -	 	P	 	SLMM	 	 	10 00	 	 	 	663.00	 	 	11/30/10	 	 	0.00	 	 	 	5.52	 	 	 	33.15	 	 	 	33.15	 
	001106
	 	 	06/30/10	 	 	 	1,148.99	 	 	Repl. condenser Ian motor (R	 	P	 	SLMM	 	 	10 00	 	 	 	1,148.99	 	 	11/30/10	 	 	0.00	 	 	 	9.57	 	 	 	57.45	 	 	 	57.45	 

	 	 	 
	January 11, 2011 at 3:17 PM

	 	Page 2

 

 

 

SHP
II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location =
Libertyville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001124
	 	 	07/31/10	 	 	 	1,758.00	 	 	Repl. window glass (#13,31,3	 	P	 	SLMM	 	 	10 00	 	 	 	1,758.00	 	 	11/30/10	 	 	0.00	 	 	 	14.65	 	 	 	73.25	 	 	 	73.25	 
	001125
	 	 	07/31/10	 	 	 	14,971.71	 	 	6 Heat Pumps-Triangle Envin	 	P	 	SLMM	 	 	10 00	 	 	 	14,971.71	 	 	11/30/10	 	 	0.00	 	 	 	124.76	 	 	 	623.82	 	 	 	623.82	 
	001145
	 	 	08/30/10	 	 	 	25,234.17	 	 	10 Heat pump units-Triangle	 	P	 	SLMM	 	 	10 00	 	 	 	25,234.17	 	 	11/30/10	 	 	0.00	 	 	 	210.28	 	 	 	841.14	 	 	 	841.14	 
	001146
	 	 	08/31/10	 	 	 	1,683.33	 	 	Capacitors, valves (heat pump	 	P	 	SLMM	 	 	10 00	 	 	 	1,683.33	 	 	11/30/10	 	 	0.00	 	 	 	14.02	 	 	 	56.11	 	 	 	56.11	 
	001147
	 	 	08/31/10	 	 	 	2,629.03	 	 	Repl. MUA #1 unit parts-Triar	 	P	 	SLMM	 	 	10 00	 	 	 	2,629.03	 	 	11/30/10	 	 	0.00	 	 	 	21.91	 	 	 	87.65	 	 	 	87.65	 
	001166
	 	 	09/30/10	 	 	 	1,200.00	 	 	Bypass in Backflow preventel	 	P	 	SLMM	 	 	10 00	 	 	 	1,200.00	 	 	11/30/10	 	 	0.00	 	 	 	10.00	 	 	 	30.00	 	 	 	30.00	 
	001196
	 	 	11/12/10	 	 	 	1,417.15	 	 	Repl drive motor RTU #5 & pu	 	P	 	SLMM	 	 	10 00	 	 	 	1,417.15	 	 	11/30/10	 	 	0.00	 	 	 	11.81	 	 	 	23.62	 	 	 	23.62	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B	 	 	 	321,937.13	 	 	 	 	 	 	 	 	 	 	 	 	 	321,937.13	 	 	 	 	 	61,570.90	 	 	 	2,578.51	 	 	 	26,659.59	 	 	 	88,230.49	 
	Less disposals
and transfers 

Count = 0	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal 

Count = 97	 	 	 	321,937.13	 	 	 	 	 	 	 	 	 	 	 	 	 	321,937.13	 	 	 	 	 	61,570.90	 	 	 	2,578.51	 	 	 	26,659.59	 	 	 	88,230.49	 
	Class = BA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000430
	 	 	12/01/04	 	 	 	20,519,152.00	 	 	Building Acquisition	 	R	 	SLMM	 	 	40 00	 	 	 	20,519,152.00	 	 	11/30/10	 	 	2,607,642.23	 	 	 	42,748.24	 	 	 	512,978.80	 	 	 	3,120,621.03	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = BA	 	 	 	20,519,152.00	 	 	 	 	 	 	 	 	 	 	 	 	 	20,519,152.00	 	 	 	 	 	2,607,642.23	 	 	 	42.748.24	 	 	 	512,978.80	 	 	 	3,120,621.03	 
	Less disposals
and transfers 

Count = 0	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal 

Count =1	 	 	 	20,519,152.00	 	 	 	 	 	 	 	 	 	 	 	 	 	20,519,152.00	 	 	 	 	 	2,607,642.23	 	 	 	42,748.24	 	 	 	512,978.80	 	 	 	3,120,621.03	 
	Class = E	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000548
	 	 	03/23/05	 	 	 	1,203.28	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,203.28	 	 	11/30/10	 	 	571.57	 	 	 	10.03	 	 	 	120.33	 	 	 	691.90	 
	000549
	 	 	03/23/05	 	 	 	243.31	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	243.31	 	 	11/30/10	 	 	115.57	 	 	 	2.03	 	 	 	24.33	 	 	 	139.90	 
	000550
	 	 	03/31/05	 	 	 	317.37	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	317.37	 	 	11/30/10	 	 	150.76	 	 	 	2.65	 	 	 	31.74	 	 	 	182.50	 
	000551
	 	 	04/30/05	 	 	 	1,226.76	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,226.76	 	 	11/30/10	 	 	572.50	 	 	 	10.23	 	 	 	122.68	 	 	 	695.18	 
	000552
	 	 	06/30/05	 	 	 	372.43	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	372.43	 	 	11/30/10	 	 	167.58	 	 	 	3.11	 	 	 	37.24	 	 	 	204.82	 
	000553
	 	 	06/30/05	 	 	 	435.62	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	435.62	 	 	11/30/10	 	 	196.02	 	 	 	3.63	 	 	 	43.56	 	 	 	239.58	 
	000554
	 	 	08/31/05	 	 	 	577.00	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	577.00	 	 	11/30/10	 	 	250.03	 	 	 	4.81	 	 	 	57.70	 	 	 	307.73	 
	000555
	 	 	09/26/05	 	 	 	1,745.87	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,745.87	 	 	11/30/10	 	 	742.02	 	 	 	14.55	 	 	 	174.59	 	 	 	916.61	 
	000556
	 	 	09/30/05	 	 	 	412.50	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	412.50	 	 	11/30/10	 	 	175.31	 	 	 	3.44	 	 	 	41.25	 	 	 	216.56	 
	000557
	 	 	09/30/05	 	 	 	1,928.87	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,928.87	 	 	11/30/10	 	 	819.78	 	 	 	16.08	 	 	 	192.89	 	 	 	1,012.67	 
	000558
	 	 	12/30/05	 	 	 	468.58	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	468.58	 	 	11/30/10	 	 	187.44	 	 	 	3.91	 	 	 	46.86	 	 	 	234.30	 
	000559
	 	 	12/30/05	 	 	 	302.36	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	302.36	 	 	11/30/10	 	 	120.96	 	 	 	2.52	 	 	 	30.24	 	 	 	151.20	 
	000560
	 	 	12/30/05	 	 	 	362.08	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	362.08	 	 	11/30/10	 	 	144.84	 	 	 	3.02	 	 	 	36.21	 	 	 	181.05	 
	000561
	 	 	12/30/05	 	 	 	1,067.25	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,067.25	 	 	11/30/10	 	 	426.92	 	 	 	8.90	 	 	 	106.73	 	 	 	533.65	 
	000562
	 	 	12/30/05	 	 	 	328.35	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	328.35	 	 	11/30/10	 	 	131.36	 	 	 	2.74	 	 	 	32.84	 	 	 	164.20	 
	000563
	 	 	12/30/05	 	 	 	1,246.00	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,246.00	 	 	11/30/10	 	 	498.40	 	 	 	10.39	 	 	 	124.60	 	 	 	623.00	 
	000564
	 	 	12/31/05	 	 	 	1,115.58	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,115.58	 	 	11/30/10	 	 	446.24	 	 	 	9.30	 	 	 	111.56	 	 	 	557.80	 
	000565
	 	 	12/31/05	 	 	 	81.69	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	81.69	 	 	11/30/10	 	 	32.68	 	 	 	0.69	 	 	 	8.17	 	 	 	40.85	 
	000566
	 	 	12/31/05	 	 	 	38.26	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	38.26	 	 	11/30/10	 	 	15.32	 	 	 	0.32	 	 	 	3.83	 	 	 	19.15	 
	000567
	 	 	01/31/06	 	 	 	9,687.59	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	9,687.59	 	 	11/30/10	 	 	3,794.32	 	 	 	80.73	 	 	 	968.76	 	 	 	4,763.08	 
	000568
	 	 	02/28/06	 	 	 	808.08	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	808.08	 	 	11/30/10	 	 	309.77	 	 	 	6.74	 	 	 	80.81	 	 	 	390.58	 
	000569
	 	 	03/31/06	 	 	 	580.22	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	580.22	 	 	11/30/10	 	 	217.58	 	 	 	4.84	 	 	 	58.02	 	 	 	275.60	 
	000570
	 	 	03/31/06	 	 	 	2,147.76	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	2,147.76	 	 	11/30/10	 	 	805.42	 	 	 	17.90	 	 	 	214.78	 	 	 	1,020.20	 
	000571
	 	 	03/31/06	 	 	 	532.55	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	532.55	 	 	11/30/10	 	 	199.72	 	 	 	4.44	 	 	 	53.26	 	 	 	252.98	 
	000572
	 	 	03/31/06	 	 	 	239.50	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	239.50	 	 	11/30/10	 	 	89.81	 	 	 	2.00	 	 	 	23.95	 	 	 	113.76	 
	000573
	 	 	03/31/06	 	 	 	(119.74	)	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	(119.74	)	 	11/30/10	 	 	(44.89	)	 	 	(1.00	)	 	 	(11.97	)	 	 	(56.86	)

	 	 	 
	January 11, 2011 at 3:17 PM

	 	Page 3

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Libertyville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000574
	 	 	04/30/06	 	 	 	359.24	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	359.24	 	 	 	11/30/10	 	 	 	131.71	 	 	 	3.00	 	 	 	35.92	 	 	 	167.63	 
	000575
	 	 	06/22/06	 	 	 	1,174.21	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,174.21	 	 	 	11/30/10	 	 	 	410.97	 	 	 	9.79	 	 	 	117.42	 	 	 	528.39	 
	000576
	 	 	07/18/06	 	 	 	492.25	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	492.25	 	 	 	11/30/10	 	 	 	168.20	 	 	 	4.11	 	 	 	49.23	 	 	 	217.43	 
	000577
	 	 	08/31/06	 	 	 	421.68	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	421.68	 	 	 	11/30/10	 	 	 	140.57	 	 	 	3.52	 	 	 	42.17	 	 	 	182.74	 
	000578
	 	 	09/30/06	 	 	 	2,776.34	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	2,776.34	 	 	 	11/30/10	 	 	 	902.30	 	 	 	23.14	 	 	 	277.63	 	 	 	1,179.93	 
	000579
	 	 	10/31/06	 	 	 	2,008.69	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	2,008.69	 	 	 	11/30/10	 	 	 	636.10	 	 	 	16.74	 	 	 	200.87	 	 	 	836.97	 
	000580
	 	 	11/30/06	 	 	 	1,798.73	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,798.73	 	 	 	11/30/10	 	 	 	554.61	 	 	 	14.99	 	 	 	179.87	 	 	 	734.48	 
	000581
	 	 	11/30/06	 	 	 	902.63	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	902.63	 	 	 	11/30/10	 	 	 	278.30	 	 	 	7.53	 	 	 	90.26	 	 	 	368.56	 
	000582
	 	 	12/19/06	 	 	 	367.95	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	367.95	 	 	 	11/30/10	 	 	 	110.40	 	 	 	3.07	 	 	 	36.80	 	 	 	147.20	 
	000583
	 	 	12/27/06	 	 	 	217.82	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	217.82	 	 	 	11/30/10	 	 	 	65.34	 	 	 	1.82	 	 	 	21.78	 	 	 	87.12	 
	000584
	 	 	12/27/06	 	 	 	397.68	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	397.68	 	 	 	11/30/10	 	 	 	119.31	 	 	 	3.32	 	 	 	39.77	 	 	 	159.08	 
	000585
	 	 	12/27/06	 	 	 	211.54	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	211.54	 	 	 	11/30/10	 	 	 	63.45	 	 	 	1.77	 	 	 	21.15	 	 	 	84.60	 
	000589
	 	 	01/31/07	 	 	 	8,223.61	 	 	210 Carbon Dioxide Detector	 	P	 	SLMM	 	 	10 00	 	 	 	8,223.61	 	 	 	11/30/10	 	 	 	2,398.55	 	 	 	68.53	 	 	 	822.36	 	 	 	3,220.91	 
	000595
	 	 	02/23/07	 	 	 	536.85	 	 	2 Torpedo Heaters - W.W. Gr	 	P	 	SLMM	 	 	10 00	 	 	 	536.85	 	 	 	11/30/10	 	 	 	152.12	 	 	 	4.48	 	 	 	53.69	 	 	 	205.81	 
	000602
	 	 	03/31/07	 	 	 	2,013.80	 	 	Refurb. Dishwasher - GCS Ser	 	P	 	SLMM	 	 	10 00	 	 	 	2,013.80	 	 	 	11/30/10	 	 	 	553.80	 	 	 	16.79	 	 	 	201.38	 	 	 	755.18	 
	000620
	 	 	04/30/07	 	 	 	1,212.17	 	 	Floor Buffer - W.W. Grainger I	 	P	 	SLMM	 	 	10 00	 	 	 	1,212.17	 	 	 	11/30/10	 	 	 	323.25	 	 	 	10.11	 	 	 	121.22	 	 	 	444.47	 
	000655
	 	 	07/24/07	 	 	 	673.23	 	 	48 Coffee Carafes - US Food	 	P	 	SLMM	 	 	10 00	 	 	 	673.23	 	 	 	11/30/10	 	 	 	162.69	 	 	 	5.61	 	 	 	67.32	 	 	 	230.01	 
	000695
	 	 	09/12/07	 	 	 	1,397.50	 	 	2 Vacuum cleaners - Aerus E	 	P	 	SLMM	 	 	10 00	 	 	 	1,397.50	 	 	 	11/30/10	 	 	 	326.08	 	 	 	11.65	 	 	 	139.75	 	 	 	465.83	 
	000696
	 	 	09/30/07	 	 	 	1,579.63	 	 	Hot box for AL - US Food Ser	 	P	 	SLMM	 	 	10 00	 	 	 	1,579.63	 	 	 	11/30/10	 	 	 	355.41	 	 	 	13.17	 	 	 	157.96	 	 	 	513.37	 
	000709
	 	 	10/31/07	 	 	 	1,008.30	 	 	Optiplex 745 Computer & Mo	 	P	 	SLMM	 	 	05 00	 	 	 	1,008.30	 	 	 	11/30/10	 	 	 	436.93	 	 	 	16.81	 	 	 	201.66	 	 	 	638.59	 
	000720
	 	 	11/26/07	 	 	 	978.75	 	 	2 x-lrg stationary washers - TI	 	P	 	SLMM	 	 	10 00	 	 	 	978.75	 	 	 	11/30/10	 	 	 	203.93	 	 	 	8.16	 	 	 	97.88	 	 	 	301.81	 
	000732
	 	 	12/01/07	 	 	 	2,875.00	 	 	Baldwin Baby Grand Piano - ,	 	P	 	SLMM	 	 	10 00	 	 	 	2,875.00	 	 	 	11/30/10	 	 	 	598.96	 	 	 	23.96	 	 	 	287.50	 	 	 	886.46	 
	000733
	 	 	12/17/07	 	 	 	2,740.00	 	 	2 Space Heaters - Alex’s Elec	 	P	 	SLMM	 	 	10 00	 	 	 	2,740.00	 	 	 	11/30/10	 	 	 	548.00	 	 	 	22.84	 	 	 	274.00	 	 	 	822.00	 
	000766
	 	 	03/31/08	 	 	 	1,039.40	 	 	Firewall for Computer System	 	P	 	SLMM	 	 	10 00	 	 	 	1,039.40	 	 	 	11/30/10	 	 	 	181.90	 	 	 	8.67	 	 	 	103.94	 	 	 	285.84	 
	000768
	 	 	03/31/08	 	 	 	1,816.00	 	 	Software for A/C & Heater - T	 	P	 	SLMM	 	 	05 00	 	 	 	1,816.00	 	 	 	11/30/10	 	 	 	635.60	 	 	 	30.27	 	 	 	363.20	 	 	 	998.80	 
	000780
	 	 	04/18/08	 	 	 	300.46	 	 	2 Dry Erase Boards-Great An	 	P	 	SLMM	 	 	10 00	 	 	 	300.46	 	 	 	11/30/10	 	 	 	50.08	 	 	 	2.51	 	 	 	30.05	 	 	 	80.13	 
	000781
	 	 	04/30/08	 	 	 	884.00	 	 	Upgrade Lochivar Boiler-Colu	 	P	 	SLMM	 	 	10 00	 	 	 	884.00	 	 	 	11/30/10	 	 	 	147.33	 	 	 	7.37	 	 	 	88.40	 	 	 	235.73	 
	000782
	 	 	04/30/08	 	 	 	345.72	 	 	Microwave w/white wall cabin	 	P	 	SLMM	 	 	10 00	 	 	 	345.72	 	 	 	11/30/10	 	 	 	57.62	 	 	 	2.89	 	 	 	34.57	 	 	 	92.19	 
	000783
	 	 	04/30/08	 	 	 	647.66	 	 	Repl. water tank heater for Di	 	P	 	SLMM	 	 	10 00	 	 	 	647.66	 	 	 	11/30/10	 	 	 	107.95	 	 	 	5.40	 	 	 	64.77	 	 	 	172.72	 
	000814
	 	 	06/27/08	 	 	 	575.42	 	 	4 Summit high bowl toilets - M	 	P	 	SLMM	 	 	10 00	 	 	 	575.42	 	 	 	11/30/10	 	 	 	86.31	 	 	 	4.80	 	 	 	57.54	 	 	 	143.85	 
	000815
	 	 	06/30/08	 	 	 	4,152.26	 	 	Walk-in freezer compressor -	 	P	 	SLMM	 	 	10 00	 	 	 	4,152.26	 	 	 	11/30/10	 	 	 	622.84	 	 	 	34.61	 	 	 	415.23	 	 	 	1,038.07	 
	000837
	 	 	08/29/08	 	 	 	381.51	 	 	Black serving cart/bun rack -	 	P	 	SLMM	 	 	10 00	 	 	 	381.51	 	 	 	11/30/10	 	 	 	50.88	 	 	 	3.18	 	 	 	38.15	 	 	 	89.03	 
	000839
	 	 	08/31/08	 	 	 	1,899.70	 	 	3 washers/1 elec. dryer - HD :	 	P	 	SLMM	 	 	10 00	 	 	 	1,899.70	 	 	 	11/30/10	 	 	 	253.29	 	 	 	15.84	 	 	 	189.97	 	 	 	443.26	 
	000850
	 	 	09/26/08	 	 	 	350.41	 	 	Rollaway Bed - American Hea	 	P	 	SLMM	 	 	10 00	 	 	 	350.41	 	 	 	11/30/10	 	 	 	43.80	 	 	 	2.92	 	 	 	35.04	 	 	 	78.84	 
	000851
	 	 	09/30/08	 	 	 	10,866.12	 	 	Hobart 40-qt. Mixer - US Food	 	P	 	SLMM	 	 	10 00	 	 	 	10,866.12	 	 	 	11/30/10	 	 	 	1,358.26	 	 	 	90.56	 	 	 	1,086.61	 	 	 	2,444.87	 
	000852
	 	 	09/30/08	 	 	 	15,937.05	 	 	Water Softening System -Aqi	 	P	 	SLMM	 	 	10 00	 	 	 	15,937.05	 	 	 	11/30/10	 	 	 	1,992.15	 	 	 	132.81	 	 	 	1,593.71	 	 	 	3,585.86	 
	000875
	 	 	11/30/08	 	 	 	504.90	 	 	Sensor XP Upright Vacuum -	 	P	 	SLMM	 	 	10 00	 	 	 	504.90	 	 	 	11/30/10	 	 	 	54.71	 	 	 	4.21	 	 	 	50.49	 	 	 	105.20	 
	000887
	 	 	12/31/08	 	 	 	1,455.00	 	 	3 recessed can lights (bar
&)	 	P	 	SLMM	 	 	10 00	 	 	 	1,455.00	 	 	 	11/30/10	 	 	 	145.50	 	 	 	12.13	 	 	 	145.50	 	 	 	291.00	 
	000897
	 	 	01/31/09	 	 	 	1,591.41	 	 	Compressor & condensor fan	 	P	 	SLMM	 	 	10 00	 	 	 	1,591.41	 	 	 	11/30/10	 	 	 	145.88	 	 	 	13.27	 	 	 	159.14	 	 	 	305.02	 
	000905
	 	 	02/13/09	 	 	 	387.10	 	 	Plates & Silverware - US Food	 	P	 	SLMM	 	 	10 00	 	 	 	387.10	 	 	 	11/30/10	 	 	 	35.49	 	 	 	3.23	 	 	 	38.71	 	 	 	74.20	 
	000915
	 	 	03/20/09	 	 	 	513.00	 	 	72 Espree dinner plates - US	 	P	 	SLMM	 	 	10 00	 	 	 	513.00	 	 	 	11/30/10	 	 	 	38.48	 	 	 	4.28	 	 	 	51.30	 	 	 	89.78	 
	000944
	 	 	06/30/09	 	 	 	738.25	 	 	Emergency response cord pu	 	P	 	SLMM	 	 	10 00	 	 	 	738.25	 	 	 	11/30/10	 	 	 	36.91	 	 	 	6.16	 	 	 	73.83	 	 	 	110.74	 
	000955
	 	 	07/24/09	 	 	 	310.26	 	 	Troy Built power washer - Lov	 	P	 	SLMM	 	 	10 00	 	 	 	310.26	 	 	 	11/30/10	 	 	 	12.93	 	 	 	2.59	 	 	 	31.03	 	 	 	43.96	 
	000977
	 	 	09/30/09	 	 	 	504.90	 	 	Upright vacuum cleaner - Am	 	P	 	SLMM	 	 	10 00	 	 	 	504.90	 	 	 	11/30/10	 	 	 	12.62	 	 	 	4.21	 	 	 	50.49	 	 	 	63.11	 
	000989
	 	 	10/09/09	 	 	 	411.58	 	 	Brother fax machine - Office	 	P	 	SLMM	 	 	05 00	 	 	 	411.58	 	 	 	11/30/10	 	 	 	20.58	 	 	 	6.86	 	 	 	82.32	 	 	 	102.90	 
	001029
	 	 	02/15/10	 	 	 	2,590.64	 	 	Tennant/Nobles extractor - D	 	P	 	SLMM	 	 	10 00	 	 	 	2,590.64	 	 	 	11/30/10	 	 	 	0.00	 	 	 	21.59	 	 	 	237.48	 	 	 	237.48	 
	001030
	 	 	02/22/10	 	 	 	2,178.60	 	 	10 Motorola 2-way radios - In	 	P	 	SLMM	 	 	10 00	 	 	 	2,178.60	 	 	 	11/30/10	 	 	 	0.00	 	 	 	18.15	 	 	 	181.55	 	 	 	181.55	 
	001049
	 	 	03/16/10	 	 	 	1,351.05	 	 	Optillex 760 Minitower (Mktg)	 	P	 	SLMM	 	 	05 00	 	 	 	1,351.05	 	 	 	11/30/10	 	 	 	0.00	 	 	 	22.51	 	 	 	202.66	 	 	 	202.66	 
	001051
	 	 	03/31/10	 	 	 	815.42	 	 	New silverware/plates - Trima	 	P	 	SLMM	 	 	10 00	 	 	 	815.42	 	 	 	11/30/10	 	 	 	0.00	 	 	 	6.79	 	 	 	61.16	 	 	 	61.16	 
	001066
	 	 	04/30/10	 	 	 	950.00	 	 	Check scanner-Chase Bank	 	P	 	SLMM	 	 	05 00	 	 	 	950.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	15.83	 	 	 	126.67	 	 	 	126.67	 

	 	 	 
	January 11, 2011 at 3:17 PM

	 	Page 4

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Libertyville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001093
	 	 	05/28/10	 	 	 	493.44	 	 	Dishwasher & washing mach	 	P	 	SLMM	 	 	10 00	 	 	 	493.44	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.11	 	 	 	28.78	 	 	 	28.78	 
	001094
	 	 	05/31/10	 	 	 	12,876.82	 	 	Vulcan convection gas steam	 	P	 	SLMM	 	 	10 00	 	 	 	12,876.82	 	 	 	11/30/10	 	 	 	0.00	 	 	 	107.30	 	 	 	751.15	 	 	 	751.15	 
	001108
	 	 	06/30/10	 	 	 	23,947.33	 	 	Satellite Headend System - R	 	P	 	SLMM	 	 	10 00	 	 	 	23,947.33	 	 	 	11/30/10	 	 	 	0.00	 	 	 	199.56	 	 	 	1,197.37	 	 	 	1,197.37	 
	001148
	 	 	08/13/10	 	 	 	3,664.97	 	 	3 Whirlpool refrigs, 4 GE Spac	 	P	 	SLMM	 	 	10 00	 	 	 	3,664.97	 	 	 	11/30/10	 	 	 	0.00	 	 	 	30.55	 	 	 	152.71	 	 	 	152.71	 
	001149
	 	 	08/20/10	 	 	 	317.80	 	 	Supplies for sink conversions	 	P	 	SLMM	 	 	10 00	 	 	 	317.80	 	 	 	11/30/10	 	 	 	0.00	 	 	 	2.64	 	 	 	10.59	 	 	 	10.59	 
	001177
	 	 	10/15/10	 	 	 	2,176.86	 	 	4 GE Spacemaker Washers-l	 	P	 	SLMM	 	 	10 00	 	 	 	2,176.86	 	 	 	11/30/10	 	 	 	0.00	 	 	 	18.14	 	 	 	54.42	 	 	 	54.42	 
	001178
	 	 	10/15/10	 	 	 	590.66	 	 	2 Avaya Telephones-Internal	 	P	 	SLMM	 	 	10 00	 	 	 	590.66	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.93	 	 	 	14.77	 	 	 	14.77	 
	001179
	 	 	10/25/10	 	 	 	439.26	 	 	Repl. 3 motors/pullteys(garba	 	P	 	SLMM	 	 	10 00	 	 	 	439.26	 	 	 	11/30/10	 	 	 	0.00	 	 	 	3.66	 	 	 	7.32	 	 	 	7.32	 
	001198
	 	 	11/12/10	 	 	 	2,518.93	 	 	Snowblower - Lowe’s	 	P	 	SLMM	 	 	10 00	 	 	 	2,518.93	 	 	 	11/30/10	 	 	 	0.00	 	 	 	20.99	 	 	 	41.98	 	 	 	41.98	 
	001199
	 	 	11/30/10	 	 	 	428.00	 	 	2 Apollo pagers-Simplex Grin	 	P	 	SLMM	 	 	10 00	 	 	 	428.00	 	 	 	 	 	 	 	0.00	 	 	 	3.58	 	 	 	3.58	 	 	 	3.58	 
	001210
	 	 	12/13/10	 	 	 	3,145.13	 	 	Improve kitchen hood-Simple	 	P	 	SLMM	 	 	10 00	 	 	 	3,145.13	 	 	 	 	 	 	 	0.00	 	 	 	26.21	 	 	 	26.21	 	 	 	26.21	 
	001211
	 	 	12/13/10	 	 	 	480.54	 	 	Salt/Ice melt spreader-Graing	 	P	 	SLMM	 	 	10 00	 	 	 	480.54	 	 	 	 	 	 	 	0.00	 	 	 	4.01	 	 	 	4.01	 	 	 	4.01	 
	001212
	 	 	12/16/10	 	 	 	807.48	 	 	Heater(water main/fire suppr	 	P	 	SLMM	 	 	10 00	 	 	 	807.48	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	001214
	 	 	12/17/10	 	 	 	598.16	 	 	Heavy duty whisk & attachment	 	P	 	SLMM	 	 	10 00	 	 	 	598.16	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	001215
	 	 	12/23/10	 	 	 	1,219.83	 	 	2 GE Spacemaker washers-H	 	P	 	SLMM	 	 	10 00	 	 	 	1,219.83	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	001216
	 	 	12/29/10	 	 	 	1,992.36	 	 	20% dep 60 Ib. capacity com	 	P	 	NoDep	 	 	00 00	 	 	 	1,992.36	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	170,912.11	 	 	 	 	 	 	 	 	 	 	 	 	 	170,912.11	 	 	 	 	 	 	 	26,869.12	 	 	 	1,432.23	 	 	 	14,158.95	 	 	 	41,028.07	 
	Less disposals
and transfers	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	170,912.11	 	 	 	 	 	 	 	 	 	 	 	 	 	170,912.11	 	 	 	 	 	 	 	26,869.12	 	 	 	1,432.23	 	 	 	14,158.95	 	 	 	41,028.07	 
	Count = 92	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000431
	 	 	01/31/05	 	 	 	(2,251.55	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(2,251.55	)	 	 	11/30/10	 	 	 	(1,107.03	)	 	 	(18.77	)	 	 	(225.16	)	 	 	(1,332.19	)
	000432
	 	 	02/28/05	 	 	 	826.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	826.50	 	 	 	11/30/10	 	 	 	399.48	 	 	 	6.89	 	 	 	82.65	 	 	 	482.13	 
	000433
	 	 	02/28/05	 	 	 	(489.00	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(489.00	)	 	 	11/30/10	 	 	 	(236.35	)	 	 	(4.08	)	 	 	(48.90	)	 	 	(285.25	)
	000434
	 	 	03/18/05	 	 	 	826.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	826.50	 	 	 	11/30/10	 	 	 	392.59	 	 	 	6.89	 	 	 	82.65	 	 	 	475.24	 
	000435
	 	 	03/18/05	 	 	 	754.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	754.00	 	 	 	11/30/10	 	 	 	358.15	 	 	 	6.29	 	 	 	75.40	 	 	 	433.55	 
	000436
	 	 	03/18/05	 	 	 	899.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	899.00	 	 	 	11/30/10	 	 	 	427.03	 	 	 	7.50	 	 	 	89.90	 	 	 	516.93	 
	000437
	 	 	03/18/05	 	 	 	899.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	899.00	 	 	 	11/30/10	 	 	 	427.03	 	 	 	7.50	 	 	 	89.90	 	 	 	516.93	 
	000438
	 	 	03/18/05	 	 	 	667.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	667.00	 	 	 	11/30/10	 	 	 	316.83	 	 	 	5.56	 	 	 	66.70	 	 	 	383.53	 
	000439
	 	 	03/18/05	 	 	 	652.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	652.50	 	 	 	11/30/10	 	 	 	309.94	 	 	 	5.44	 	 	 	65.25	 	 	 	375.19	 
	000440
	 	 	03/18/05	 	 	 	568.20	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	568.20	 	 	 	11/30/10	 	 	 	269.90	 	 	 	4.74	 	 	 	56.82	 	 	 	326.72	 
	000441
	 	 	03/18/05	 	 	 	855.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	855.50	 	 	 	11/30/10	 	 	 	406.36	 	 	 	7.13	 	 	 	85.55	 	 	 	491.91	 
	000442
	 	 	03/18/05	 	 	 	754.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	754.00	 	 	 	11/30/10	 	 	 	358.15	 	 	 	6.29	 	 	 	75.40	 	 	 	433.55	 
	000443
	 	 	03/18/05	 	 	 	899.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	899.00	 	 	 	11/30/10	 	 	 	427.03	 	 	 	7.50	 	 	 	89.90	 	 	 	516.93	 
	000444
	 	 	03/18/05	 	 	 	1,116.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,116.50	 	 	 	11/30/10	 	 	 	530.34	 	 	 	9.31	 	 	 	111.65	 	 	 	641.99	 
	000445
	 	 	03/31/05	 	 	 	2,583.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,583.00	 	 	 	11/30/10	 	 	 	1,226.93	 	 	 	21.53	 	 	 	258.30	 	 	 	1,485.23	 
	000446
	 	 	03/31/05	 	 	 	740.15	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	740.15	 	 	 	11/30/10	 	 	 	351.59	 	 	 	6.17	 	 	 	74.02	 	 	 	425.61	 
	000447
	 	 	03/31/05	 	 	 	(974.38	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(974.38	)	 	 	11/30/10	 	 	 	(462.85	)	 	 	(8.12	)	 	 	(97.44	)	 	 	(560.29	)
	000448
	 	 	03/31/05	 	 	 	(317.37	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(317.37	)	 	 	11/30/10	 	 	 	(150.76	)	 	 	(2.65	)	 	 	(31.74	)	 	 	(182.50	)
	000449
	 	 	04/30/05	 	 	 	652.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	652.50	 	 	 	11/30/10	 	 	 	304.50	 	 	 	5.44	 	 	 	65.25	 	 	 	369.75	 
	000450
	 	 	04/30/05	 	 	 	391.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	391.50	 	 	 	11/30/10	 	 	 	182.70	 	 	 	3.27	 	 	 	39.15	 	 	 	221.85	 
	000451
	 	 	04/30/05	 	 	 	391.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	391.50	 	 	 	11/30/10	 	 	 	182.70	 	 	 	3.27	 	 	 	39.15	 	 	 	221.85	 
	000452
	 	 	04/30/05	 	 	 	1,145.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,145.50	 	 	 	11/30/10	 	 	 	534.57	 	 	 	9.55	 	 	 	114.55	 	 	 	649.12	 
	000453
	 	 	04/30/05	 	 	 	315.90	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	315.90	 	 	 	11/30/10	 	 	 	147.42	 	 	 	2.64	 	 	 	31.59	 	 	 	179.01	 
	000454
	 	 	04/30/05	 	 	 	300.15	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	300.15	 	 	 	11/30/10	 	 	 	140.09	 	 	 	2.51	 	 	 	30.02	 	 	 	170.11	 
	000455
	 	 	05/31/05	 	 	 	317.52	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	317.52	 	 	 	11/30/10	 	 	 	145.52	 	 	 	2.65	 	 	 	31.75	 	 	 	177.27	 
	000456
	 	 	07/22/05	 	 	 	754.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	754.00	 	 	 	11/30/10	 	 	 	333.02	 	 	 	6.29	 	 	 	75.40	 	 	 	408.42	 

	 	 	 
	January 11, 2011 at 3:17 PM

	 	Page 5

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Libertyville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000457
	 	 	07/31/05	 	 	 	(1,242.42	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(1,242.42	)	 	 	11/30/10	 	 	 	(548.73	)	 	 	(10.36	)	 	 	(124.24	)	 	 	(672.97	)
	000458
	 	 	07/31/05	 	 	 	1,000.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,000.00	 	 	 	11/30/10	 	 	 	441.67	 	 	 	8.34	 	 	 	100.00	 	 	 	541.67	 
	000459
	 	 	08/22/05	 	 	 	553.16	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	553.16	 	 	 	11/30/10	 	 	 	239.73	 	 	 	4.61	 	 	 	55.32	 	 	 	295.05	 
	000460
	 	 	08/31/05	 	 	 	(1,410.28	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(1,410.28	)	 	 	11/30/10	 	 	 	(611.13	)	 	 	(11.76	)	 	 	(141.03	)	 	 	(752.16	)
	000461
	 	 	09/07/05	 	 	 	1,009.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,009.00	 	 	 	11/30/10	 	 	 	437.23	 	 	 	8.41	 	 	 	100.90	 	 	 	538.13	 
	000462
	 	 	09/07/05	 	 	 	666.90	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	666.90	 	 	 	11/30/10	 	 	 	288.99	 	 	 	5.56	 	 	 	66.69	 	 	 	355.68	 
	000463
	 	 	09/07/05	 	 	 	1,073.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,073.00	 	 	 	11/30/10	 	 	 	464.97	 	 	 	8.95	 	 	 	107.30	 	 	 	572.27	 
	000464
	 	 	09/07/05	 	 	 	667.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	667.00	 	 	 	11/30/10	 	 	 	289.03	 	 	 	5.56	 	 	 	66.70	 	 	 	355.73	 
	000465
	 	 	09/30/05	 	 	 	(387.25	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(387.25	)	 	 	11/30/10	 	 	 	(164.60	)	 	 	(3.23	)	 	 	(38.73	)	 	 	(203.33	)
	000466
	 	 	10/25/05	 	 	 	2,268.28	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,268.28	 	 	 	11/30/10	 	 	 	945.13	 	 	 	18.91	 	 	 	226.83	 	 	 	1,171.96	 
	000467
	 	 	11/14/05	 	 	 	4,303.98	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	4,303.98	 	 	 	11/30/10	 	 	 	1,793.33	 	 	 	35.87	 	 	 	430.40	 	 	 	2,223.73	 
	000468
	 	 	11/14/05	 	 	 	200.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	200.00	 	 	 	11/30/10	 	 	 	83.33	 	 	 	1.67	 	 	 	20.00	 	 	 	103.33	 
	000469
	 	 	11/14/05	 	 	 	826.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	826.50	 	 	 	11/30/10	 	 	 	344.38	 	 	 	6.89	 	 	 	82.65	 	 	 	427.03	 
	000470
	 	 	11/14/05	 	 	 	899.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	899.00	 	 	 	11/30/10	 	 	 	374.58	 	 	 	7.50	 	 	 	89.90	 	 	 	464.48	 
	000471
	 	 	11/30/05	 	 	 	391.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	391.50	 	 	 	11/30/10	 	 	 	159.86	 	 	 	3.27	 	 	 	39.15	 	 	 	199.01	 
	000472
	 	 	11/30/05	 	 	 	(151.34	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(151.34	)	 	 	11/30/10	 	 	 	(61.78	)	 	 	(1.27	)	 	 	(15.13	)	 	 	(76.91	)
	000473
	 	 	12/30/05	 	 	 	123.93	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	123.93	 	 	 	11/30/10	 	 	 	49.56	 	 	 	1.04	 	 	 	12.39	 	 	 	61.95	 
	000474
	 	 	12/30/05	 	 	 	80.88	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	80.88	 	 	 	11/30/10	 	 	 	32.36	 	 	 	0.68	 	 	 	8.09	 	 	 	40.45	 
	000475
	 	 	12/30/05	 	 	 	385.27	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	385.27	 	 	 	11/30/10	 	 	 	154.12	 	 	 	3.22	 	 	 	38.53	 	 	 	192.65	 
	000476
	 	 	12/30/05	 	 	 	106.09	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	106.09	 	 	 	11/30/10	 	 	 	42.44	 	 	 	0.89	 	 	 	10.61	 	 	 	53.05	 
	000477
	 	 	12/30/05	 	 	 	19.56	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	19.56	 	 	 	11/30/10	 	 	 	7.84	 	 	 	0.17	 	 	 	1.96	 	 	 	9.80	 
	000478
	 	 	12/30/05	 	 	 	67.43	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	67.43	 	 	 	11/30/10	 	 	 	26.96	 	 	 	0.57	 	 	 	6.74	 	 	 	33.70	 
	000479
	 	 	12/30/05	 	 	 	56.69	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	56.69	 	 	 	11/30/10	 	 	 	22.68	 	 	 	0.48	 	 	 	5.67	 	 	 	28.35	 
	000480
	 	 	12/30/05	 	 	 	234.30	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	234.30	 	 	 	11/30/10	 	 	 	93.72	 	 	 	1.96	 	 	 	23.43	 	 	 	117.15	 
	000481
	 	 	12/30/05	 	 	 	193.10	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	193.10	 	 	 	11/30/10	 	 	 	77.24	 	 	 	1.61	 	 	 	19.31	 	 	 	96.55	 
	000482
	 	 	12/30/05	 	 	 	732.08	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	732.08	 	 	 	11/30/10	 	 	 	292.84	 	 	 	6.11	 	 	 	73.21	 	 	 	366.05	 
	000483
	 	 	12/30/05	 	 	 	214.48	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	214.48	 	 	 	11/30/10	 	 	 	85.80	 	 	 	1.79	 	 	 	21.45	 	 	 	107.25	 
	000484
	 	 	12/30/05	 	 	 	826.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	826.50	 	 	 	11/30/10	 	 	 	330.60	 	 	 	6.89	 	 	 	82.65	 	 	 	413.25	 
	000485
	 	 	12/30/05	 	 	 	1,100.38	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,100.38	 	 	 	11/30/10	 	 	 	440.16	 	 	 	9.17	 	 	 	110.04	 	 	 	550.20	 
	000486
	 	 	12/30/05	 	 	 	81.69	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	81.69	 	 	 	11/30/10	 	 	 	32.68	 	 	 	0.69	 	 	 	8.17	 	 	 	40.85	 
	000487
	 	 	12/31/05	 	 	 	(375.65	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(375.65	)	 	 	11/30/10	 	 	 	(150.28	)	 	 	(3.14	)	 	 	(37.57	)	 	 	(187.85	)
	000488
	 	 	12/31/05	 	 	 	(81.69	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(81.69	)	 	 	11/30/10	 	 	 	(32.68	)	 	 	(0.69	)	 	 	(8.17	)	 	 	(40.85	)
	000489
	 	 	12/31/05	 	 	 	(38.26	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(38.26	)	 	 	11/30/10	 	 	 	(15.32	)	 	 	(0.32	)	 	 	(3.83	)	 	 	(19.15	)
	000490
	 	 	12/31/05	 	 	 	(96.25	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(96.25	)	 	 	11/30/10	 	 	 	(38.52	)	 	 	(0.81	)	 	 	(9.63	)	 	 	(48.15	)
	000491
	 	 	12/31/05	 	 	 	(103.15	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(103.15	)	 	 	11/30/10	 	 	 	(41.28	)	 	 	(0.86	)	 	 	(10.32	)	 	 	(51.60	)
	000492
	 	 	01/23/06	 	 	 	1,100.38	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,100.38	 	 	 	11/30/10	 	 	 	431.00	 	 	 	9.17	 	 	 	110.04	 	 	 	541.04	 
	000493
	 	 	01/23/06	 	 	 	401.49	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	401.49	 	 	 	11/30/10	 	 	 	157.25	 	 	 	3.35	 	 	 	40.15	 	 	 	197.40	 
	000494
	 	 	01/31/06	 	 	 	921.94	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	921.94	 	 	 	11/30/10	 	 	 	361.08	 	 	 	7.69	 	 	 	92.19	 	 	 	453.27	 
	000495
	 	 	01/31/06	 	 	 	921.94	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	921.94	 	 	 	11/30/10	 	 	 	361.08	 	 	 	7.69	 	 	 	92.19	 	 	 	453.27	 
	000496
	 	 	01/31/06	 	 	 	847.59	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	847.59	 	 	 	11/30/10	 	 	 	331.98	 	 	 	7.07	 	 	 	84.76	 	 	 	416.74	 
	000497
	 	 	01/31/06	 	 	 	(72.50	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(72.50	)	 	 	11/30/10	 	 	 	(28.40	)	 	 	(0.61	)	 	 	(7.25	)	 	 	(35.65	)
	000498
	 	 	02/15/06	 	 	 	401.49	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	401.49	 	 	 	11/30/10	 	 	 	157.25	 	 	 	3.35	 	 	 	40.15	 	 	 	197.40	 
	000499
	 	 	04/17/06	 	 	 	64.93	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	64.93	 	 	 	11/30/10	 	 	 	23.80	 	 	 	0.55	 	 	 	6.49	 	 	 	30.29	 
	000500
	 	 	04/17/06	 	 	 	107.54	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	107.54	 	 	 	11/30/10	 	 	 	39.42	 	 	 	0.90	 	 	 	10.75	 	 	 	50.17	 
	000501
	 	 	04/17/06	 	 	 	58.91	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	58.91	 	 	 	11/30/10	 	 	 	21.60	 	 	 	0.50	 	 	 	5.89	 	 	 	27.49	 
	000502
	 	 	04/17/06	 	 	 	16.28	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	16.28	 	 	 	11/30/10	 	 	 	5.98	 	 	 	0.14	 	 	 	1.63	 	 	 	7.61	 
	000503
	 	 	04/17/06	 	 	 	18.01	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	18.01	 	 	 	11/30/10	 	 	 	6.60	 	 	 	0.15	 	 	 	1.80	 	 	 	8.40	 
	000504
	 	 	04/17/06	 	 	 	116.49	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	116.49	 	 	 	11/30/10	 	 	 	42.72	 	 	 	0.98	 	 	 	11.65	 	 	 	54.37	 
	000505
	 	 	04/17/06	 	 	 	127.66	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	127.66	 	 	 	11/30/10	 	 	 	46.82	 	 	 	1.07	 	 	 	12.77	 	 	 	59.59	 
	000506
	 	 	04/17/06	 	 	 	75.03	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	75.03	 	 	 	11/30/10	 	 	 	27.50	 	 	 	0.63	 	 	 	7.50	 	 	 	35.00	 

	 	 	 
	January 11, 2011 at 3:17 PM

	 	Page 6

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Libertyville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000507
	 	 	04/17/06	 	 	 	26.82	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	26.82	 	 	 	11/30/10	 	 	 	9.83	 	 	 	0.23	 	 	 	2.68	 	 	 	12.51	 
	000508
	 	 	04/17/06	 	 	 	981.42	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	981.42	 	 	 	11/30/10	 	 	 	359.85	 	 	 	8.18	 	 	 	98.14	 	 	 	457.99	 
	000509
	 	 	04/17/06	 	 	 	773.24	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	773.24	 	 	 	11/30/10	 	 	 	283.51	 	 	 	6.45	 	 	 	77.32	 	 	 	360.83	 
	000510
	 	 	04/17/06	 	 	 	921.94	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	921.94	 	 	 	11/30/10	 	 	 	338.03	 	 	 	7.69	 	 	 	92.19	 	 	 	430.22	 
	000511
	 	 	04/17/06	 	 	 	921.94	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	921.94	 	 	 	11/30/10	 	 	 	338.03	 	 	 	7.69	 	 	 	92.19	 	 	 	430.22	 
	000512
	 	 	05/16/06	 	 	 	420.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	420.00	 	 	 	11/30/10	 	 	 	150.50	 	 	 	3.50	 	 	 	42.00	 	 	 	192.50	 
	000513
	 	 	06/30/06	 	 	 	921.94	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	921.94	 	 	 	11/30/10	 	 	 	322.67	 	 	 	7.69	 	 	 	92.19	 	 	 	414.86	 
	000514
	 	 	06/30/06	 	 	 	1,100.38	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,100.38	 	 	 	11/30/10	 	 	 	385.15	 	 	 	9.17	 	 	 	110.04	 	 	 	495.19	 
	000515
	 	 	06/30/06	 	 	 	847.9	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	847.59	 	 	 	11/30/10	 	 	 	296.66	 	 	 	7.07	 	 	 	84.76	 	 	 	381.42	 
	000516
	 	 	06/30/06	 	 	 	664.15	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	664.15	 	 	 	11/30/10	 	 	 	232.47	 	 	 	5.54	 	 	 	66.42	 	 	 	298.89	 
	000517
	 	 	07/21/06	 	 	 	420.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	420.00	 	 	 	11/30/10	 	 	 	143.50	 	 	 	3.50	 	 	 	42.00	 	 	 	185.50	 
	000518
	 	 	07/21/06	 	 	 	507.91	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	507.91	 	 	 	11/30/10	 	 	 	173.53	 	 	 	4.24	 	 	 	50.79	 	 	 	224.32	 
	000519
	 	 	07/21/06	 	 	 	47.93	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	47.93	 	 	 	11/30/10	 	 	 	16.38	 	 	 	0.40	 	 	 	4.79	 	 	 	21.17	 
	000520
	 	 	07/31/06	 	 	 	685.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	685.00	 	 	 	11/30/10	 	 	 	234.04	 	 	 	5.71	 	 	 	68.50	 	 	 	302.54	 
	000521
	 	 	08/21/06	 	 	 	651.90	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	651.90	 	 	 	11/30/10	 	 	 	217.30	 	 	 	5.44	 	 	 	65.19	 	 	 	282.49	 
	000522
	 	 	09/04/06	 	 	 	756.57	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	756.57	 	 	 	11/30/10	 	 	 	252.20	 	 	 	6.31	 	 	 	75.66	 	 	 	327.86	 
	000523
	 	 	09/04/06	 	 	 	847.59	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	847.59	 	 	 	11/30/10	 	 	 	282.53	 	 	 	7.07	 	 	 	84.76	 	 	 	367.29	 
	000524
	 	 	09/04/06	 	 	 	1,116.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,116.50	 	 	 	11/30/10	 	 	 	372.17	 	 	 	9.31	 	 	 	111.65	 	 	 	483.82	 
	000525
	 	 	09/26/06	 	 	 	689.38	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	689.38	 	 	 	11/30/10	 	 	 	224.06	 	 	 	5.75	 	 	 	68.94	 	 	 	293.00	 
	000526
	 	 	09/26/06	 	 	 	1,300.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,300.00	 	 	 	11/30/10	 	 	 	422.50	 	 	 	10.84	 	 	 	130.00	 	 	 	552.50	 
	000527
	 	 	10/27/06	 	 	 	302.95	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	302.95	 	 	 	11/30/10	 	 	 	95.95	 	 	 	2.53	 	 	 	30.30	 	 	 	126.25	 
	000528
	 	 	11/15/06	 	 	 	1,178.32	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,178.32	 	 	 	11/30/10	 	 	 	373.13	 	 	 	9.82	 	 	 	117.83	 	 	 	490.96	 
	000529
	 	 	11/15/06	 	 	 	434.82	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	434.82	 	 	 	11/30/10	 	 	 	137.69	 	 	 	3.63	 	 	 	43.48	 	 	 	181.17	 
	000530
	 	 	11/15/06	 	 	 	955.27	 	 	Furniture Arid Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	955.27	 	 	 	11/30/10	 	 	 	302.51	 	 	 	7.97	 	 	 	95.53	 	 	 	398.04	 
	000531
	 	 	11/15/06	 	 	 	955.27	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	955.27	 	 	 	11/30/10	 	 	 	302.51	 	 	 	7.97	 	 	 	95.53	 	 	 	398.04	 
	000532
	 	 	11/22/06	 	 	 	8,040.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	8,040.00	 	 	 	11/30/10	 	 	 	2,479.00	 	 	 	67.00	 	 	 	804.00	 	 	 	3,283.00	 
	000533
	 	 	11/29/06	 	 	 	1,326.22	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,326.22	 	 	 	11/30/10	 	 	 	408.91	 	 	 	11.06	 	 	 	132.62	 	 	 	541.53	 
	000534
	 	 	11/30/06	 	 	 	(730.32	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(730.32	)	 	 	11/30/10	 	 	 	(225.19	)	 	 	(6.09	)	 	 	(73.03	)	 	 	(298.22	)
	000535
	 	 	12/14/06	 	 	 	406.40	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	406.40	 	 	 	11/30/10	 	 	 	125.31	 	 	 	3.39	 	 	 	40.64	 	 	 	165.95	 
	000536
	 	 	12/19/06	 	 	 	2,750.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,750.00	 	 	 	11/30/10	 	 	 	825.00	 	 	 	22.92	 	 	 	275.00	 	 	 	1,100.00	 
	000537
	 	 	12/19/06	 	 	 	717.35	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	717.35	 	 	 	11/30/10	 	 	 	215.22	 	 	 	5.98	 	 	 	71.74	 	 	 	286.96	 
	000538
	 	 	12/19/06	 	 	 	1,178.32	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,178.32	 	 	 	11/30/10	 	 	 	353.49	 	 	 	9.82	 	 	 	117.83	 	 	 	471.32	 
	000539
	 	 	12/27/06	 	 	 	391.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	391.50	 	 	 	11/30/10	 	 	 	117.45	 	 	 	3.27	 	 	 	39.15	 	 	 	156.60	 
	000540
	 	 	12/27/06	 	 	 	178.71	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	178.71	 	 	 	11/30/10	 	 	 	53.61	 	 	 	1.49	 	 	 	17.87	 	 	 	71.48	 
	000541
	 	 	12/27/06	 	 	 	63.76	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	63.76	 	 	 	11/30/10	 	 	 	19.14	 	 	 	0.54	 	 	 	6.38	 	 	 	25.52	 
	000542
	 	 	12/27/06	 	 	 	159.07	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	159.07	 	 	 	11/30/10	 	 	 	47.73	 	 	 	1.33	 	 	 	15.91	 	 	 	63.64	 
	000543
	 	 	12/27/06	 	 	 	3,625.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	3,625.00	 	 	 	11/30/10	 	 	 	1,087.50	 	 	 	30.21	 	 	 	362.50	 	 	 	1,450.00	 
	000544
	 	 	12/31/06	 	 	 	619.14	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	619.14	 	 	 	11/30/10	 	 	 	185.73	 	 	 	5.16	 	 	 	61.91	 	 	 	247.64	 
	000545
	 	 	12/31/06	 	 	 	8,015.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	8,015.00	 	 	 	11/30/10	 	 	 	2,404.50	 	 	 	66.80	 	 	 	801.50	 	 	 	3,206.00	 
	000546
	 	 	12/31/06	 	 	 	(176.31	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(176.31	)	 	 	11/30/10	 	 	 	(52.89	)	 	 	(1.47	)	 	 	(17.63	)	 	 	(70.52	)
	000547
	 	 	12/31/06	 	 	 	1,229.07	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,229.07	 	 	 	11/30/10	 	 	 	368.73	 	 	 	10.25	 	 	 	122.91	 	 	 	491.64	 
	000588
	 	 	01/31/07	 	 	 	(819.04	)	 	Cpt Reimb fr Jan 07 Billing	 	P	 	SLMM	 	 	10 00	 	 	 	(819.04	)	 	 	11/30/10	 	 	 	(238.88	)	 	 	(6.83	)	 	 	(81.90	)	 	 	(320.78	)
	000612
	 	 	03/19/07	 	 	 	685.83	 	 	Cpt Repl (#261) - Koeckritz In	 	P	 	SLMM	 	 	10 00	 	 	 	685.83	 	 	 	11/30/10	 	 	 	188.60	 	 	 	5.72	 	 	 	68.58	 	 	 	257.18	 
	000618
	 	 	04/30/07	 	 	 	10,781.96	 	 	Cpt Repl (#302,147,116,321,:	 	P	 	SLMM	 	 	10 00	 	 	 	10,781.96	 	 	 	11/30/10	 	 	 	2,875.21	 	 	 	89.85	 	 	 	1,078.20	 	 	 	3,953.41	 
	000619
	 	 	04/12/07	 	 	 	2,090.00	 	 	Recover/Restain 19 DR chair	 	P	 	SLMM	 	 	10 00	 	 	 	2,090.00	 	 	 	11/30/10	 	 	 	574.75	 	 	 	17.42	 	 	 	209.00	 	 	 	783.75	 
	000634
	 	 	05/31/07	 	 	 	(550.80	)	 	Reimb. Cpt Repl. - May 2007	 	P	 	SLMM	 	 	10 00	 	 	 	(550.80	)	 	 	11/30/10	 	 	 	(142.29	)	 	 	(4.59	)	 	 	(55.08	)	 	 	(197.37	)
	000639
	 	 	06/14/07	 	 	 	853.28	 	 	2  LR chairs - Flexsteel Com	 	P	 	SLMM	 	 	10 00	 	 	 	853.28	 	 	 	11/30/10	 	 	 	220.44	 	 	 	7.12	 	 	 	85.33	 	 	 	305.77	 
	000654
	 	 	07/20/07	 	 	 	7,186.04	 	 	Carpet/Pad Repls. - Koeckritz	 	P	 	SLMM	 	 	10 00	 	 	 	7,186.04	 	 	 	11/30/10	 	 	 	1,736.62	 	 	 	59.89	 	 	 	718.60	 	 	 	2,455.22	 
	000690
	 	 	09/11/07	 	 	 	849.00	 	 	2 LR Chairs - Flexsteel Com	 	P	 	SLMM	 	 	10 00	 	 	 	849.00	 	 	 	11/30/10	 	 	 	198.10	 	 	 	7.08	 	 	 	84.90	 	 	 	283.00	 
	000691
	 	 	09/30/07	 	 	 	701.99	 	 	Guest Room Setup Items - M	 	P	 	SLMM	 	 	10 00	 	 	 	701.99	 	 	 	11/30/10	 	 	 	157.96	 	 	 	5.85	 	 	 	70.20	 	 	 	228.16	 

	 	 	 
	January 11, 2011 at 3:17 PM

	 	Page 7

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location =
Libertyville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000692
	 	 	09/12/07	 	 	 	339.31	 	 	33 window blinds - The Home	 	P	 	SLMM	 	 	10 00	 	 	 	339.31	 	 	 	11/30/10	 	 	 	79.17	 	 	 	2.83	 	 	 	33.93	 	 	 	113.10	 
	000693
	 	 	09/30/07	 	 	 	(1,103.04	)	 	Carpet Repl. Reimb - AR Acti	 	P	 	SLMM	 	 	10 00	 	 	 	(1,103.04	)	 	 	11/30/10	 	 	 	(248.18	)	 	 	(9.20	)	 	 	(110.30	)	 	 	(358.48	)
	000694
	 	 	09/30/07	 	 	 	991.41	 	 	36 Grab Bars - The Home De	 	P	 	SLMM	 	 	10 00	 	 	 	991.41	 	 	 	11/30/10	 	 	 	223.07	 	 	 	8.27	 	 	 	99.14	 	 	 	322.21	 
	000708
	 	 	10/30/07	 	 	 	4,353.22	 	 	Repl. Carpet & Pad-Koeckritz	 	P	 	SLMM	 	 	10 00	 	 	 	4,353.22	 	 	 	11/30/10	 	 	 	943.19	 	 	 	36.28	 	 	 	435.32	 	 	 	1,378.51	 
	000719
	 	 	11/30/07	 	 	 	10,237.35	 	 	Carpet Repl - Koeckritz Interr	 	P	 	SLMM	 	 	10 00	 	 	 	10,237.35	 	 	 	11/30/10	 	 	 	2,132.79	 	 	 	85.32	 	 	 	1,023.74	 	 	 	3,156.53	 
	000730
	 	 	12/31/07	 	 	 	1,422.00	 	 	Hutch (AL DR) - Mary Jester, I 	 	P	 	SLMM	 	 	10 00	 	 	 	1,422.00	 	 	 	11/30/10	 	 	 	284.40	 	 	 	11.85	 	 	 	142.20	 	 	 	426.60	 
	000731
	 	 	12/31/07	 	 	 	23,384.59	 	 	Carpet Repl - Koeckritz, Mr.	 	P	 	SLMM	 	 	10 00	 	 	 	23,384.59	 	 	 	11/30/10	 	 	 	4,676.92	 	 	 	194.88	 	 	 	2,338.46	 	 	 	7,015.38	 
	000744
	 	 	01/31/08	 	 	 	1,841.65	 	 	Carpet Repl in Apts - Koeckri	 	P	 	SLMM	 	 	10 00	 	 	 	1,841.65	 	 	 	11/30/10	 	 	 	352.99	 	 	 	15.35	 	 	 	184.17	 	 	 	537.16	 
	000759
	 	 	02/29/08	 	 	 	2,942.96	 	 	Cpt Repl. - Koeckritz Int’l	 	P	 	SLMM	 	 	10 00	 	 	 	2,942.96	 	 	 	11/30/10	 	 	 	539.55	 	 	 	24.53	 	 	 	294.30	 	 	 	833.85	 
	000767
	 	 	03/31/08	 	 	 	4,460.58	 	 	Carpet Repl. - Koeckritz Int’l	 	P	 	SLMM	 	 	10 00	 	 	 	4,460.58	 	 	 	11/30/10	 	 	 	780.60	 	 	 	37.18	 	 	 	446.06	 	 	 	1,226.66	 
	000779
	 	 	04/30/08	 	 	 	469.91	 	 	Carpet/Vinyl Repl - Limpio/Kc	 	P	 	SLMM	 	 	10 00	 	 	 	469.91	 	 	 	11/30/10	 	 	 	78.32	 	 	 	3.92	 	 	 	46.99	 	 	 	125.31	 
	000794
	 	 	05/31/08	 	 	 	3,381.37	 	 	Cpt Repl (#324,342,187,115)	 	P	 	SLMM	 	 	10 00	 	 	 	3,381.37	 	 	 	11/30/10	 	 	 	535.39	 	 	 	28.18	 	 	 	338.14	 	 	 	873.53	 
	000812
	 	 	06/27/08	 	 	 	1,981.18	 	 	Cpt Repl (#112, Guest Suite) -	 	P	 	SLMM	 	 	10 00	 	 	 	1,981.18	 	 	 	11/30/10	 	 	 	297.19	 	 	 	16.51	 	 	 	198.12	 	 	 	495.31	 
	000813
	 	 	06/13/08	 	 	 	1,100.00	 	 	Reupholster/refinish 10 DR cl	 	P	 	SLMM	 	 	10 00	 	 	 	1,100.00	 	 	 	11/30/10	 	 	 	174.17	 	 	 	9.17	 	 	 	110.00	 	 	 	284.17	 
	000819
	 	 	07/31/08	 	 	 	5,047.95	 	 	Carpet Repl (352,205,202,38	 	P	 	SLMM	 	 	10 00	 	 	 	5,047.95	 	 	 	11/30/10	 	 	 	715.13	 	 	 	42.07	 	 	 	504.80	 	 	 	1,219.93	 
	000820
	 	 	07/25/08	 	 	 	660.00	 	 	Reupholster/refinish 6 DR ch	 	P	 	SLMM	 	 	10 00	 	 	 	660.00	 	 	 	11/30/10	 	 	 	93.50	 	 	 	5.50	 	 	 	66.00	 	 	 	159.50	 
	000821
	 	 	07/31/08	 	 	 	863.14	 	 	6 high bowl toilets - Menards	 	P	 	SLMM	 	 	10 00	 	 	 	863.14	 	 	 	11/30/10	 	 	 	122.28	 	 	 	7.20	 	 	 	86.31	 	 	 	208.59	 
	000836
	 	 	08/31/08	 	 	 	2,376.95	 	 	Carpet Repl. (#307,136,344,1	 	P	 	SLMM	 	 	10 00	 	 	 	2,376.95	 	 	 	11/30/10	 	 	 	316.93	 	 	 	19.81	 	 	 	237.70	 	 	 	554.63	 
	000849
	 	 	09/26/08	 	 	 	1,500.01	 	 	Carpet repl (#327,309) - Koe	 	P	 	SLMM	 	 	10 00	 	 	 	1,500.01	 	 	 	11/30/10	 	 	 	187.50	 	 	 	12.50	 	 	 	150.00	 	 	 	337.50	 
	000866
	 	 	10/24/08	 	 	 	848.63	 	 	Carpet Repl (#142) - Koeckrit	 	P	 	SLMM	 	 	10 00	 	 	 	848.63	 	 	 	11/30/10	 	 	 	99.00	 	 	 	7.08	 	 	 	84.86	 	 	 	183.86	 
	000874
	 	 	11/21/08	 	 	 	356.83	 	 	18 Miniblinds - HD Supply	 	P	 	SLMM	 	 	10 00	 	 	 	356.83	 	 	 	11/30/10	 	 	 	38.65	 	 	 	2.98	 	 	 	35.68	 	 	 	74.33	 
	000876
	 	 	11/30/08	 	 	 	848.63	 	 	Carpet Repl (#114) - Koeckrit	 	P	 	SLMM	 	 	10 00	 	 	 	848.63	 	 	 	11/30/10	 	 	 	91.93	 	 	 	7.08	 	 	 	84.86	 	 	 	176.79	 
	000886
	 	 	12/31/08	 	 	 	2,216.21	 	 	Carpet Repl. (#233,378,250) -	 	P	 	SLMM	 	 	10 00	 	 	 	2,216.21	 	 	 	11/30/10	 	 	 	221.62	 	 	 	18.47	 	 	 	221.62	 	 	 	443.24	 
	000896
	 	 	01/30/09	 	 	 	1,026.61	 	 	Carpet Repl. (#279,281) - 	 	P	 	SLMM	 	 	10 00	 	 	 	1,026.61	 	 	 	11/30/10	 	 	 	94.11	 	 	 	8.56	 	 	 	102.66	 	 	 	196.77	 
	000906
	 	 	02/28/09	 	 	 	1,629.19	 	 	Cpt Repl (#151,183,326) - Ko	 	P	 	SLMM	 	 	10 00	 	 	 	1,629.19	 	 	 	11/30/10	 	 	 	135.77	 	 	 	13.58	 	 	 	162.92	 	 	 	298.69	 
	000916
	 	 	03/31/09	 	 	 	1,045.88	 	 	Cpt Repl #331 - Koeckritz	 	P	 	SLMM	 	 	10 00	 	 	 	1,045.88	 	 	 	11/30/10	 	 	 	78.44	 	 	 	8.72	 	 	 	104.59	 	 	 	183.03	 
	000922
	 	 	04/24/09	 	 	 	1,344.18	 	 	Carpet Repl (#370, front desk	 	P	 	SLMM	 	 	10 00	 	 	 	1,344.18	 	 	 	11/30/10	 	 	 	89.61	 	 	 	11.21	 	 	 	134.42	 	 	 	224.03	 
	000935
	 	 	05/31/09	 	 	 	2,947.42	 	 	Cpt Repl. (#206,350,203,364)	 	P	 	SLMM	 	 	10 00	 	 	 	2,947.42	 	 	 	11/30/10	 	 	 	171.93	 	 	 	24.57	 	 	 	294.74	 	 	 	466.67	 
	000936
	 	 	05/29/09	 	 	 	1,012.35	 	 	Outdoor furniture - Lowe’s	 	P	 	SLMM	 	 	10 00	 	 	 	1,012.35	 	 	 	11/30/10	 	 	 	59.05	 	 	 	8.44	 	 	 	101.24	 	 	 	160.29	 
	000942
	 	 	06/26/09	 	 	 	2,425.00	 	 	2 benches w/cushions (front e	 	P	 	SLMM	 	 	10 00	 	 	 	2,425.00	 	 	 	11/30/10	 	 	 	121.25	 	 	 	20.21	 	 	 	242.50	 	 	 	363.75	 
	000943
	 	 	06/30/09	 	 	 	4,130.82	 	 	Carpet Repl. (#211,132,330,3	 	P	 	SLMM	 	 	10 00	 	 	 	4,130.82	 	 	 	11/30/10	 	 	 	206.54	 	 	 	34.43	 	 	 	413.08	 	 	 	619.62	 
	000953
	 	 	07/17/09	 	 	 	3,131.52	 	 	Carpet Repl. (#376,348,371,1	 	P	 	SLMM	 	 	10 00	 	 	 	3,131.52	 	 	 	11/30/10	 	 	 	130.48	 	 	 	26.10	 	 	 	313.15	 	 	 	443.63	 
	000954
	 	 	07/24/09	 	 	 	366.14	 	 	15 white metal blinds - HD S	 	P	 	SLMM	 	 	10 00	 	 	 	366.14	 	 	 	11/30/10	 	 	 	15.26	 	 	 	3.06	 	 	 	36.61	 	 	 	51.87	 
	000966
	 	 	08/28/09	 	 	 	3,539.18	 	 	Carpet Repl (#244,328,338,3	 	P	 	SLMM	 	 	10 00	 	 	 	3,539.18	 	 	 	11/30/10	 	 	 	117.97	 	 	 	29.50	 	 	 	353.92	 	 	 	471.89	 
	000976
	 	 	09/30/09	 	 	 	2,658.12	 	 	Carpet Repl. (#274,246,280,2	 	P	 	SLMM	 	 	10 00	 	 	 	2,658.12	 	 	 	11/30/10	 	 	 	66.45	 	 	 	22.16	 	 	 	265.81	 	 	 	332.26	 
	000987
	 	 	10/30/09	 	 	 	1,894.51	 	 	Carpet Repl. (#310,207) - Ko	 	P	 	SLMM	 	 	10 00	 	 	 	1,894.51	 	 	 	11/30/10	 	 	 	31.59	 	 	 	15.79	 	 	 	189.45	 	 	 	221.04	 
	000988
	 	 	11/30/09	 	 	 	11,592.90	 	 	New flooring in AL DR - Koec	 	P	 	SLMM	 	 	10 00	 	 	 	11,592.90	 	 	 	11/30/10	 	 	 	96.62	 	 	 	96.61	 	 	 	1,159.29	 	 	 	1,255.91	 
	001001
	 	 	11/30/09	 	 	 	1,954.14	 	 	Carpet Repl (#184,137,362) -	 	P	 	SLMM	 	 	10 00	 	 	 	1,954.14	 	 	 	11/30/10	 	 	 	16.30	 	 	 	16.29	 	 	 	195.41	 	 	 	211.71	 
	001014
	 	 	12/31/09	 	 	 	2,940.39	 	 	Carpet Repl (#361,135,341) -	 	P	 	SLMM	 	 	10 00	 	 	 	2,940.39	 	 	 	11/30/10	 	 	 	0.00	 	 	 	24.51	 	 	 	294.04	 	 	 	294.04	 
	001025
	 	 	01/29/10	 	 	 	3,085.95	 	 	Cpt Repl (#283,190,100,277)	 	P	 	SLMM	 	 	10 00	 	 	 	3,085.95	 	 	 	11/30/10	 	 	 	0.00	 	 	 	25.71	 	 	 	282.88	 	 	 	282.88	 
	001031
	 	 	02/28/10	 	 	 	1,337.08	 	 	Carpet Repl. (#181,208,119)	 	P	 	SLMM	 	 	10 00	 	 	 	1,337.08	 	 	 	11/30/10	 	 	 	0.00	 	 	 	11.14	 	 	 	111.42	 	 	 	111.42	 
	001050
	 	 	03/31/10	 	 	 	3,160.91	 	 	Carpet Repl. (#306,186,136,3)	 	P	 	SLMM	 	 	10 00	 	 	 	3,160.91	 	 	 	11/30/10	 	 	 	0.00	 	 	 	26.34	 	 	 	237.07	 	 	 	237.07	 
	001067
	 	 	04/30/10	 	 	 	2,614.70	 	 	Carpet Repl (#114,146,379,1:)	 	P	 	SLMM	 	 	10 00	 	 	 	2,614.70	 	 	 	11/30/10	 	 	 	0.00	 	 	 	21.78	 	 	 	174.31	 	 	 	174.31	 
	001092
	 	 	05/31/10	 	 	 	3,837.05	 	 	Carpet Repl. (#144,325,123,3)	 	P	 	SLMM	 	 	10 00	 	 	 	3,837.05	 	 	 	11/30/10	 	 	 	0.00	 	 	 	31.97	 	 	 	223.83	 	 	 	223.83	 
	001107
	 	 	06/30/10	 	 	 	451.51	 	 	Carpet Repl. (#269,329) - Ko	 	P	 	SLMM	 	 	10 00	 	 	 	451.51	 	 	 	11/30/10	 	 	 	0.00	 	 	 	3.76	 	 	 	22.58	 	 	 	22.58	 
	001126
	 	 	07/31/10	 	 	 	3,221.75	 	 	Carpet Repl. (#242,220,286,2	 	P	 	SLMM	 	 	10 00	 	 	 	3,221.75	 	 	 	11/30/10	 	 	 	0.00	 	 	 	26.84	 	 	 	134.24	 	 	 	134.24	 
	001150
	 	 	08/31/10	 	 	 	5,041.92	 	 	Carpet/Flooring (#211,335,22	 	P	 	SLMM	 	 	10 00	 	 	 	5,041.92	 	 	 	11/30/10	 	 	 	0.00	 	 	 	42.01	 	 	 	168.06	 	 	 	168.06	 
	001167
	 	 	09/30/10	 	 	 	3,503.60	 	 	Carpet Repl (#117,185,248,2	 	P	 	SLMM	 	 	10 00	 	 	 	3,503.60	 	 	 	11/30/10	 	 	 	0.00	 	 	 	29.19	 	 	 	87.59	 	 	 	87.59	 
	001168
	 	 	09/30/10	 	 	 	1,655.25	 	 	New kitchen counter top,sink	 	P	 	SLMM	 	 	10 00	 	 	 	1,655.25	 	 	 	11/30/10	 	 	 	0.00	 	 	 	13.79	 	 	 	41.38	 	 	 	41.38	 
	001169
	 	 	09/30/10	 	 	 	392.82	 	 	18 white metal mini blinds - H	 	P	 	SLMM	 	 	10 00	 	 	 	392.82	 	 	 	11/30/10	 	 	 	0.00	 	 	 	3.27	 	 	 	9.82	 	 	 	9.82	 

	 	 	 
	January 11, 2011 at 3:17 PM

	 	Page 8

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Libertyville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001180
	 	 	10/31/10	 	 	 	2,809.55	 	 	Repl. Carpet/Flooring - Koeckt	 	P	 	SLMM	 	 	10 00	 	 	 	2,809.55	 	 	 	11/30/10	 	 	 	0.00	 	 	 	23.41	 	 	 	46.83	 	 	 	46.83	 
	001197
	 	 	11/30/10	 	 	 	8,804.40	 	 	Repl. carpet/flooring (elevator	 	P	 	SLMM	 	 	10 00	 	 	 	8,804.40	 	 	 	11/30/10	 	 	 	0.00	 	 	 	73.37	 	 	 	73.37	 	 	 	73.37	 
	001209
	 	 	12/31/10	 	 	 	10,597.10	 	 	Carpet/Kitchen, Bath floors in	 	P	 	SLMM	 	 	10 00	 	 	 	10,597.10	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	001213
	 	 	12/16/10	 	 	 	5,820.00	 	 	50% dep 4 dining tables, 24 cl	 	P	 	NoDep	 	 	00 00	 	 	 	5,820.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	271,071.49	 	 	 	 	 	 	 	 	 	 	 	 	 	271,071.49	 	 	 	 	 	 	 	48,505.40	 	 	 	2,122.69	 	 	 	23,087.18	 	 	 	71,592.58	 
	Less disposals
and transfers 

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal

Count = 180	 	 	271,071.49	 	 	 	 	 	 	 	 	 	 	 	 	 	271,071.49	 	 	 	 	 	 	 	48,505.40	 	 	 	2,122.69	 	 	 	23,087.18	 	 	 	71,592.58	 
	 
	Class = LA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000392
	 	 	12/01/04	 	 	 	24,000,000.00	 	 	Land Acquisition	 	R	 	NoDep	 	 	00 00	 	 	 	24,000,000.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	000393
	 	 	12/01/04	 	 	 	(20,519,152.00	)	 	Land Acquisition	 	R	 	NoDep	 	 	00 00	 	 	 	(20,519,152.00	)	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LA	 	 	3,480,848.00	 	 	 	 	 	 	 	 	 	 	 	 	 	3,480,848.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Less disposals
and transfers

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal

Count = 2	 	 	3,480,848.00	 	 	 	 	 	 	 	 	 	 	 	 	 	3,480,848.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	Class = LI	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000390
	 	 	06/22/06	 	 	 	7,995.00	 	 	Land Improvements	 	R	 	SLMM	 	 	20 00	 	 	 	7,995.00	 	 	 	11/30/10	 	 	 	1,399.13	 	 	 	33.32	 	 	 	399.75	 	 	 	1,798.88	 
	000391
	 	 	12/31/06	 	 	 	675.00	 	 	Land Improvements	 	R	 	SLMM	 	 	20 00	 	 	 	675.00	 	 	 	11/30/10	 	 	 	101.25	 	 	 	2.82	 	 	 	33.75	 	 	 	135.00	 
	000666
	 	 	08/31/07	 	 	 	2,370.00	 	 	4 Light Repl. Kits(Parking Lot	 	P	 	SLMM	 	 	10 00	 	 	 	2,370.00	 	 	 	11/30/10	 	 	 	553.00	 	 	 	19.75	 	 	 	237.00	 	 	 	790.00	 
	000703
	 	 	10/16/07	 	 	 	725.00	 	 	Stone Cobbles(Front Entry Is	 	R	 	SLMM	 	 	20 00	 	 	 	725.00	 	 	 	11/30/10	 	 	 	78.54	 	 	 	3.03	 	 	 	36.25	 	 	 	114.79	 
	000760
	 	 	02/29/08	 	 	 	1,950.00	 	 	3 Ballasts for parking lot - Ale	 	P	 	SLMM	 	 	10 00	 	 	 	1,950.00	 	 	 	11/30/10	 	 	 	357.50	 	 	 	16.25	 	 	 	195.00	 	 	 	552.50	 
	000848
	 	 	09/30/08	 	 	 	7,430.00	 	 	Replace 6 Spruce Trees -Tre	 	P	 	SLMM	 	 	20 00	 	 	 	7,430.00	 	 	 	11/30/10	 	 	 	464.39	 	 	 	30.96	 	 	 	371.50	 	 	 	835.89	 
	000864
	 	 	10/31/08	 	 	 	1,560.00	 	 	Repl 5 parking lot lights - Tho	 	P	 	SLMM	 	 	10 00	 	 	 	1,560.00	 	 	 	11/30/10	 	 	 	182.00	 	 	 	13.00	 	 	 	156.00	 	 	 	338.00	 
	000941
	 	 	06/30/09	 	 	 	14,990.00	 	 	Paving: AL entrance, walkway	 	R	 	SLMM	 	 	40 00	 	 	 	14,990.00	 	 	 	11/30/10	 	 	 	187.39	 	 	 	31.23	 	 	 	374.75	 	 	 	562.14	 
	000963
	 	 	08/31/09	 	 	 	11,910.00	 	 	Crack filing, Seal coat, striping	 	P	 	SLMM	 	 	10 00	 	 	 	11,910.00	 	 	 	11/30/10	 	 	 	397.00	 	 	 	99.25	 	 	 	1,191.00	 	 	 	1,588.00	 
	000964
	 	 	08/31/09	 	 	 	1,560.00	 	 	5 lamp & ballast kits (parking	 	P	 	SLMM	 	 	10 00	 	 	 	1,560.00	 	 	 	11/30/10	 	 	 	52.00	 	 	 	13.00	 	 	 	156.00	 	 	 	208.00	 
	001085
	 	 	07/23/10	 	 	 	3,516.00	 	 	Upgrade front entrance sign -	 	P	 	SLMM	 	 	10 00	 	 	 	3,516.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	29.30	 	 	 	146.50	 	 	 	146.50	 
	001086
	 	 	05/28/10	 	 	 	2,496.00	 	 	Repl. lamps/ballasts (parking	 	P	 	SLMM	 	 	10 00	 	 	 	2,496.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	20.80	 	 	 	145.60	 	 	 	145.60	 
	001087
	 	 	05/31/10	 	 	 	2,750.00	 	 	New bed prep/repl. 8 spruce -	 	P	 	SLMM	 	 	10 00	 	 	 	2,750.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	22.91	 	 	 	160.42	 	 	 	160.42	 
	001123
	 	 	07/30/10	 	 	 	1,275.00	 	 	Repl. curb at front entrance-S	 	P	 	SLMM	 	 	10 00	 	 	 	1,275.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	10.62	 	 	 	53.13	 	 	 	53.13	 
	001207
	 	 	12/23/10	 	 	 	1,545.00	 	 	Ballasts/lamps (parking lot)-T	 	P	 	SLMM	 	 	10 00	 	 	 	1,545.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	001208
	 	 	12/23/10	 	 	 	995.00	 	 	Repl sidewalk (fire door entra	 	P	 	SLMM	 	 	20 00	 	 	 	995.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LI	 	 	63,742.00	 	 	 	 	 	 	 	 	 	 	 	 	 	63,742.00	 	 	 	 	 	 	 	3,772.20	 	 	 	346.24	 	 	 	3,656.65	 	 	 	7,428.85	 
	Less disposals
and transfers 

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal

Count = 16	 	 	63,742.00	 	 	 	 	 	 	 	 	 	 	 	 	 	63,742.00	 	 	 	 	 	 	 	3,772.20	 	 	 	346.24	 	 	 	3,656.65	 	 	 	7,428.85	 

			
	 	 	 
	January 11, 2011 at 3:17 PM
	 	Page 9

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	 	T	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location =
Libertyville	 	 	24,878,870.73	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	24,878,870.73	 	 	 	 	 	 	 	2,748,359.85	 	 	 	50,083.30	 	 	 	583,789.46	 	 	 	3,332,149.31	 
	Less disposals
and transfers

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal

Count = 390	 	 	24,878,870.73	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	24,878,870.73	 	 	 	 	 	 	 	2,748,359.85	 	 	 	50,083.30	 	 	 	583,789.46	 	 	 	3,332,149.31	 
	 
	Grand Total	 	 	24,878,870.73	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	24,878,870.73	 	 	 	 	 	 	 	2,748,359.85	 	 	 	50,083.30	 	 	 	583,789.46	 	 	 	3,332,149.31	 
	Less disposals
and transfers

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Grand Total	 	 	24,878,870.73	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	24,878,870.73	 	 	 	 	 	 	 	2,748,359.85	 	 	 	50,083.30	 	 	 	583,789.46	 	 	 	3,332,149.31	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Count = 390	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Report Assumptions

Report Name: Depreciation Expense w/Descriptions

Source Report: Depreciation Expense

Calculation Assumptions:

Short Year: none

Include Sec 168 Allowance & Sec 179: No

Adjustment Convention: None

Group/Sorting Criteria:

Group = Libertyville

Include Assets that meet the following conditions:

Location is Libertyville

Sorted by: Location (with subtotals), Class (with subtotals), System No, Extension

			
	 	 	 
	January 11, 2011 at 3:17 PM
	 	Page 10

 

 

 

Exhibit D–2

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Naperville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000683
	 	 	09/26/07	 	 	 	43,125.00	 	 	Van - All Trans	 	P	 	SLMM	 	 	10 00	 	 	 	43,125.00	 	 	 	11/30/10	 	 	 	9,703.13	 	 	 	359.38	 	 	 	4,312.50	 	 	 	14,015.63	 
	000702
	 	 	10/19/07	 	 	 	2,910.94	 	 	Sales tax on new van - Illinois	 	P	 	SLMM	 	 	10 00	 	 	 	2,910.94	 	 	 	11/30/10	 	 	 	630.71	 	 	 	24.26	 	 	 	291.09	 	 	 	921.80	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = A	 	 	46,035.94	 	 	 	 	 	 	 	 	 	 	 	 	 	46,035.94	 	 	 	 	 	 	 	10,333.84	 	 	 	383.64	 	 	 	4,603.59	 	 	 	14,937.43	 
	Less disposals
and transfers

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal

 Count = 2	 	 	46,035.94	 	 	 	 	 	 	 	 	 	 	 	 	 	46,035.94	 	 	 	 	 	 	 	10,333.84	 	 	 	383.64	 	 	 	4,603.59	 	 	 	14,937.43	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000249
	 	 	06/28/05	 	 	 	1,373.62	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,373.62	 	 	 	11/30/10	 	 	 	618.12	 	 	 	11.45	 	 	 	137.36	 	 	 	755.48	 
	000250
	 	 	08/31/05	 	 	 	1,225.88	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,225.88	 	 	 	11/30/10	 	 	 	531.22	 	 	 	10.22	 	 	 	122.59	 	 	 	653.81	 
	000251
	 	 	09/30/05	 	 	 	7,192.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	7,192.00	 	 	 	11/30/10	 	 	 	3,056.60	 	 	 	59.94	 	 	 	719.20	 	 	 	3,775.80	 
	000252
	 	 	10/31/05	 	 	 	2,650.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	2,650.00	 	 	 	11/30/10	 	 	 	1,104.17	 	 	 	22.09	 	 	 	265.00	 	 	 	1,369.17	 
	000253
	 	 	11/30/05	 	 	 	21,727.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	21,727.00	 	 	 	11/30/10	 	 	 	8,871.87	 	 	 	181.06	 	 	 	2,172.70	 	 	 	11,044.57	 
	000254
	 	 	11/30/05	 	 	 	4,950.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	4,950.00	 	 	 	11/30/10	 	 	 	2,021.25	 	 	 	41.25	 	 	 	495.00	 	 	 	2,516.25	 
	000255
	 	 	12/31/05	 	 	 	28,046.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	28,046.00	 	 	 	11/30/10	 	 	 	11,218.40	 	 	 	233.72	 	 	 	2,804.60	 	 	 	14,023.00	 
	000256
	 	 	12/31/05	 	 	 	17,359.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	17,359.00	 	 	 	11/30/10	 	 	 	6,943.60	 	 	 	144.66	 	 	 	1,735.90	 	 	 	8,679.50	 
	000257
	 	 	12/31/05	 	 	 	6,967.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	6,967.00	 	 	 	11/30/10	 	 	 	2,786.80	 	 	 	58.06	 	 	 	696.70	 	 	 	3,483.50	 
	000258
	 	 	12/31/05	 	 	 	990.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	990.00	 	 	 	11/30/10	 	 	 	396.00	 	 	 	8.25	 	 	 	99.00	 	 	 	495.00	 
	000259
	 	 	01/20/06	 	 	 	550.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	550.00	 	 	 	11/30/10	 	 	 	215.42	 	 	 	4.59	 	 	 	55.00	 	 	 	270.42	 
	000260
	 	 	02/21/06	 	 	 	1,094.40	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,094.40	 	 	 	11/30/10	 	 	 	419.52	 	 	 	9.12	 	 	 	109.44	 	 	 	528.96	 
	000261
	 	 	02/21/06	 	 	 	1,094.40	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,094.40	 	 	 	11/30/10	 	 	 	419.52	 	 	 	9.12	 	 	 	109.44	 	 	 	528.96	 
	000262
	 	 	03/31/06	 	 	 	715.35	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	715.35	 	 	 	11/30/10	 	 	 	268.27	 	 	 	5.97	 	 	 	71.54	 	 	 	339.81	 
	000263
	 	 	04/17/06	 	 	 	892.05	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	892.05	 	 	 	11/30/10	 	 	 	327.10	 	 	 	7.44	 	 	 	89.21	 	 	 	416.31	 
	000264
	 	 	04/30/06	 	 	 	(437.96	)	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	(437.96	)	 	 	11/30/10	 	 	 	(160.61	)	 	 	(3.65	)	 	 	(43.80	)	 	 	(204.41	)
	000265
	 	 	05/31/06	 	 	 	1,729.45	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,729.45	 	 	 	11/30/10	 	 	 	619.74	 	 	 	14.42	 	 	 	172.95	 	 	 	792.69	 
	000266
	 	 	05/31/06	 	 	 	939.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	939.00	 	 	 	11/30/10	 	 	 	336.48	 	 	 	7.83	 	 	 	93.90	 	 	 	430.38	 
	000267
	 	 	05/31/06	 	 	 	(410.80	)	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	(410.80	)	 	 	11/30/10	 	 	 	(147.20	)	 	 	(3.43	)	 	 	(41.08	)	 	 	(188.28	)
	000268
	 	 	06/27/06	 	 	 	1,189.40	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,189.40	 	 	 	11/30/10	 	 	 	416.29	 	 	 	9.92	 	 	 	118.94	 	 	 	535.23	 
	000269
	 	 	06/30/06	 	 	 	939.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	939.00	 	 	 	11/30/10	 	 	 	328.65	 	 	 	7.83	 	 	 	93.90	 	 	 	422.55	 
	000270
	 	 	06/30/06	 	 	 	(542.52	)	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	(542.52	)	 	 	11/30/10	 	 	 	(189.88	)	 	 	(4.53	)	 	 	(54.25	)	 	 	(244.13	)
	000271
	 	 	07/18/06	 	 	 	600.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	600.00	 	 	 	11/30/10	 	 	 	205.00	 	 	 	5.00	 	 	 	60.00	 	 	 	265.00	 
	000272
	 	 	07/18/06	 	 	 	900.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	900.00	 	 	 	11/30/10	 	 	 	307.50	 	 	 	7.50	 	 	 	90.00	 	 	 	397.50	 
	000273
	 	 	07/31/06	 	 	 	3,897.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	3,897.50	 	 	 	11/30/10	 	 	 	1,331.66	 	 	 	32.48	 	 	 	389.75	 	 	 	1,721.41	 
	000274
	 	 	07/31/06	 	 	 	980.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	980.00	 	 	 	11/30/10	 	 	 	334.83	 	 	 	8.17	 	 	 	98.00	 	 	 	432.83	 
	000275
	 	 	08/31/06	 	 	 	2,635.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	2,635.00	 	 	 	11/30/10	 	 	 	878.33	 	 	 	21.96	 	 	 	263.50	 	 	 	1,141.83	 
	000276
	 	 	09/30/06	 	 	 	827.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	827.00	 	 	 	11/30/10	 	 	 	268.78	 	 	 	6.90	 	 	 	82.70	 	 	 	351.48	 
	000277
	 	 	09/30/06	 	 	 	892.05	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	892.05	 	 	 	11/30/10	 	 	 	289.93	 	 	 	7.44	 	 	 	89.21	 	 	 	379.14	 
	000278
	 	 	09/30/06	 	 	 	460.25	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	460.25	 	 	 	11/30/10	 	 	 	149.60	 	 	 	3.84	 	 	 	46.03	 	 	 	195.63	 
	000279
	 	 	09/30/06	 	 	 	715.35	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	715.35	 	 	 	11/30/10	 	 	 	232.50	 	 	 	5.97	 	 	 	71.54	 	 	 	304.04	 
	000280
	 	 	09/30/06	 	 	 	892.05	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	892.05	 	 	 	11/30/10	 	 	 	289.93	 	 	 	7.44	 	 	 	89.21	 	 	 	379.14	 
	000281
	 	 	09/30/06	 	 	 	935.75	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	935.75	 	 	 	11/30/10	 	 	 	304.13	 	 	 	7.80	 	 	 	93.58	 	 	 	397.71	 
	000282
	 	 	09/30/06	 	 	 	(355.56	)	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	(355.56	)	 	 	11/30/10	 	 	 	(115.57	)	 	 	(2.97	)	 	 	(35.56	)	 	 	(151.13	)
	000283
	 	 	10/18/06	 	 	 	600.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	600.00	 	 	 	11/30/10	 	 	 	190.00	 	 	 	5.00	 	 	 	60.00	 	 	 	250.00	 
	000284
	 	 	10/18/06	 	 	 	815.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	815.00	 	 	 	11/30/10	 	 	 	258.08	 	 	 	6.80	 	 	 	81.50	 	 	 	339.58	 
	000285
	 	 	10/31/06	 	 	 	1,165.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,165.50	 	 	 	11/30/10	 	 	 	369.08	 	 	 	9.72	 	 	 	116.55	 	 	 	485.63	 
	000286
	 	 	10/31/06	 	 	 	3,775.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	3,775.00	 	 	 	11/30/10	 	 	 	1,195.43	 	 	 	31.46	 	 	 	377.50	 	 	 	1,572.93	 
	000287
	 	 	10/31/06	 	 	 	(562.87	)	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	(562.87	)	 	 	11/30/10	 	 	 	(178.25	)	 	 	(4.70	)	 	 	(56.29	)	 	 	(234.54	)
	000288
	 	 	11/15/06	 	 	 	1,165.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,165.50	 	 	 	11/30/10	 	 	 	369.08	 	 	 	9.72	 	 	 	116.55	 	 	 	485.63	 

			
	 	 	 
	January 17, 2011 at 1:57 PM
	 	Page 

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	Location = Naperville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class
= B
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000289
	 	 	11/15/06	 	 	 	1,054.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,054.50	 	 	 	11/30/10	 	 	 	333.93	 	 	 	8.79	 	 	 	105.45	 	 	 	439.38	 
	000290
	 	 	11/15/06	 	 	 	1,165.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,165.50	 	 	 	11/30/10	 	 	 	369.08	 	 	 	9.72	 	 	 	116.55	 	 	 	485.63	 
	000291
	 	 	11/28/06	 	 	 	892.05	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	892.05	 	 	 	11/30/10	 	 	 	275.06	 	 	 	7.44	 	 	 	89.21	 	 	 	364.27	 
	000292
	 	 	11/30/06	 	 	 	1,054.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,054.50	 	 	 	11/30/10	 	 	 	325.15	 	 	 	8.79	 	 	 	105.45	 	 	 	430.60	 
	000293
	 	 	11/30/06	 	 	 	1,054.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,054.50	 	 	 	11/30/10	 	 	 	325.15	 	 	 	8.79	 	 	 	105.45	 	 	 	430.60	 
	000294
	 	 	11/30/06	 	 	 	1,165.50	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,165.50	 	 	 	11/30/10	 	 	 	359.36	 	 	 	9.72	 	 	 	116.55	 	 	 	475.91	 
	000295
	 	 	11/30/06	 	 	 	1,217.62	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,217.62	 	 	 	11/30/10	 	 	 	375.44	 	 	 	10.15	 	 	 	121.76	 	 	 	497.20	 
	000296
	 	 	11/30/06	 	 	 	(1,123.68	)	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	(1,123.68	)	 	 	11/30/10	 	 	 	(346.47	)	 	 	(9.37	)	 	 	(112.37	)	 	 	(458.84	)
	000297
	 	 	12/18/06	 	 	 	1,037.40	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,037.40	 	 	 	11/30/10	 	 	 	311.22	 	 	 	8.65	 	 	 	103.74	 	 	 	414.96	 
	000298
	 	 	12/31/06	 	 	 	1,406.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,406.00	 	 	 	11/30/10	 	 	 	421.80	 	 	 	11.72	 	 	 	140.60	 	 	 	562.40	 
	000299
	 	 	12/31/06	 	 	 	2,759.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	2,759.00	 	 	 	11/30/10	 	 	 	827.70	 	 	 	23.00	 	 	 	275.90	 	 	 	1,103.60	 
	000591
	 	 	01/31/07	 	 	 	1,337.47	 	 	Kitchen disposal - Direct Sup	 	P	 	SLMM	 	 	10 00	 	 	 	1,337.47	 	 	 	11/30/10	 	 	 	390.10	 	 	 	11.15	 	 	 	133.75	 	 	 	523.85	 
	000597
	 	 	02/28/07	 	 	 	2,222.98	 	 	Carpet - Mr. Davids	 	P	 	SLMM	 	 	10 00	 	 	 	2,222.98	 	 	 	11/30/10	 	 	 	629.85	 	 	 	18.53	 	 	 	222.30	 	 	 	852.15	 
	000598
	 	 	02/28/07	 	 	 	1,263.22	 	 	A/C Unit - Trane	 	P	 	SLMM	 	 	10 00	 	 	 	1,263.22	 	 	 	11/30/10	 	 	 	357.91	 	 	 	10.53	 	 	 	126.32	 	 	 	484.23	 
	000599
	 	 	02/28/07	 	 	 	568.28	 	 	Laundry rm cabinets - Home I	 	P	 	SLMM	 	 	10 00	 	 	 	568.28	 	 	 	11/30/10	 	 	 	161.02	 	 	 	4.74	 	 	 	56.83	 	 	 	217.85	 
	000623
	 	 	04/30/07	 	 	 	314.78	 	 	Water heater pump - Daniel S	 	P	 	SLMM	 	 	10 00	 	 	 	314.78	 	 	 	11/30/10	 	 	 	83.95	 	 	 	2.63	 	 	 	31.48	 	 	 	115.43	 
	000633
	 	 	05/31/07	 	 	 	625.00	 	 	Cabinet handicap conversion	 	P	 	SLMM	 	 	10 00	 	 	 	625.00	 	 	 	11/30/10	 	 	 	164.51	 	 	 	5.21	 	 	 	62.50	 	 	 	227.01	 
	000642
	 	 	06/30/07	 	 	 	900.00	 	 	Cabinet handicap conversion	 	P	 	SLMM	 	 	10 00	 	 	 	900.00	 	 	 	11/30/10	 	 	 	225.00	 	 	 	7.50	 	 	 	90.00	 	 	 	315.00	 
	000658
	 	 	07/17/07	 	 	 	10,139.44	 	 	A/C units - Trane	 	P	 	SLMM	 	 	10 00	 	 	 	10,139.44	 	 	 	11/30/10	 	 	 	2,450.36	 	 	 	84.50	 	 	 	1,013.94	 	 	 	3,464.30	 
	000659
	 	 	08/31/07	 	 	 	629.75	 	 	Lighting ballast - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	629.75	 	 	 	11/30/10	 	 	 	146.95	 	 	 	5.25	 	 	 	62.98	 	 	 	209.93	 
	000677
	 	 	09/14/07	 	 	 	675.94	 	 	A/C - Trane	 	P	 	SLMM	 	 	10 00	 	 	 	675.94	 	 	 	11/30/10	 	 	 	157.71	 	 	 	5.64	 	 	 	67.59	 	 	 	225.30	 
	000678
	 	 	09/26/07	 	 	 	951.02	 	 	Door kick plates - Home Dep	 	P	 	SLMM	 	 	10 00	 	 	 	951.02	 	 	 	11/30/10	 	 	 	213.98	 	 	 	7.93	 	 	 	95.10	 	 	 	309.08	 
	000679
	 	 	09/30/07	 	 	 	1,381.05	 	 	Service enterance alarm/key	 	P	 	SLMM	 	 	10 00	 	 	 	1,381.05	 	 	 	11/30/10	 	 	 	310.76	 	 	 	11.51	 	 	 	138.11	 	 	 	448.87	 
	000699
	 	 	10/31/07	 	 	 	1,540.00	 	 	Paint exterior columns - Insid	 	P	 	SLMM	 	 	10 00	 	 	 	1,540.00	 	 	 	11/30/10	 	 	 	333.67	 	 	 	12.84	 	 	 	154.00	 	 	 	487.67	 
	000700
	 	 	10/31/07	 	 	 	5,979.75	 	 	3 A/C units - Trane	 	P	 	SLMM	 	 	10 00	 	 	 	5,979.75	 	 	 	11/30/10	 	 	 	1,295.62	 	 	 	49.84	 	 	 	597.98	 	 	 	1,893.60	 
	000724
	 	 	11/06/07	 	 	 	5,250.00	 	 	Windows - Sunset Exteriors	 	P	 	SLMM	 	 	10 00	 	 	 	5,250.00	 	 	 	11/30/10	 	 	 	1,137.50	 	 	 	43.75	 	 	 	525.00	 	 	 	1,662.50	 
	000735
	 	 	12/27/07	 	 	 	946.17	 	 	Temp controller for boiler - Tri	 	P	 	SLMM	 	 	10 00	 	 	 	946.17	 	 	 	11/30/10	 	 	 	189.24	 	 	 	7.89	 	 	 	94.62	 	 	 	283.86	 
	000745
	 	 	01/31/08	 	 	 	3,145.78	 	 	Boiler burners/igniters - Triane	 	P	 	SLMM	 	 	10 00	 	 	 	3,145.78	 	 	 	11/30/10	 	 	 	602.94	 	 	 	26.22	 	 	 	314.58	 	 	 	917.52	 
	000771
	 	 	03/31/08	 	 	 	7,400.32	 	 	A/C units - Trane	 	P	 	SLMM	 	 	10 00	 	 	 	7,400.32	 	 	 	11/30/10	 	 	 	1,295.05	 	 	 	61.67	 	 	 	740.03	 	 	 	2,035.08	 
	000772
	 	 	03/31/08	 	 	 	5,525.35	 	 	Carpet - Mr. Davids	 	P	 	SLMM	 	 	09 00	 	 	 	5,525.35	 	 	 	11/30/10	 	 	 	1,074.38	 	 	 	51.17	 	 	 	613.93	 	 	 	1,688.31	 
	000773
	 	 	03/31/08	 	 	 	515.25	 	 	Lighting ballast - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	515.25	 	 	 	11/30/10	 	 	 	90.17	 	 	 	4.30	 	 	 	51.53	 	 	 	141.70	 
	000774
	 	 	03/31/08	 	 	 	2,255.00	 	 	Install lighting - The Electric C	 	P	 	SLMM	 	 	10 00	 	 	 	2,255.00	 	 	 	11/30/10	 	 	 	394.63	 	 	 	18.80	 	 	 	225.50	 	 	 	620.13	 
	000784
	 	 	04/23/08	 	 	 	1,012.34	 	 	Boiler gas valves - Triangle E	 	P	 	SLMM	 	 	10 00	 	 	 	1,012.34	 	 	 	11/30/10	 	 	 	168.72	 	 	 	8.44	 	 	 	101.23	 	 	 	269.95	 
	000785
	 	 	04/23/08	 	 	 	394.76	 	 	Handrails - In Pro Corporatior	 	P	 	SLMM	 	 	10 00	 	 	 	394.76	 	 	 	11/30/10	 	 	 	65.81	 	 	 	3.29	 	 	 	39.48	 	 	 	105.29	 
	000786
	 	 	04/23/08	 	 	 	6,431.18	 	 	Elevator door protectors - Th	 	P	 	SLMM	 	 	10 00	 	 	 	6,431.18	 	 	 	11/30/10	 	 	 	1,071.87	 	 	 	53.60	 	 	 	643.12	 	 	 	1,714.99	 
	000806
	 	 	06/11/08	 	 	 	1,575.00	 	 	Vinyl windows - Sunset Exten	 	P	 	SLMM	 	 	10 00	 	 	 	1,575.00	 	 	 	11/30/10	 	 	 	249.38	 	 	 	13.13	 	 	 	157.50	 	 	 	406.88	 
	000840
	 	 	08/20/08	 	 	 	461.95	 	 	Pump motor - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	461.95	 	 	 	11/30/10	 	 	 	61.61	 	 	 	3.85	 	 	 	46.20	 	 	 	107.81	 
	000853
	 	 	09/30/08	 	 	 	1,050.00	 	 	Windows - Sunset Exteriors	 	P	 	SLMM	 	 	10 00	 	 	 	1,050.00	 	 	 	11/30/10	 	 	 	131.25	 	 	 	8.75	 	 	 	105.00	 	 	 	236.25	 
	000854
	 	 	09/30/08	 	 	 	1,000.00	 	 	Cabinets handicap conversio	 	P	 	SLMM	 	 	10 00	 	 	 	1,000.00	 	 	 	11/30/10	 	 	 	125.00	 	 	 	8.34	 	 	 	100.00	 	 	 	225.00	 
	000867
	 	 	10/15/08	 	 	 	1,050.00	 	 	Windows - Sunset Extereriors	 	P	 	SLMM	 	 	10 00	 	 	 	1,050.00	 	 	 	11/30/10	 	 	 	131.25	 	 	 	8.75	 	 	 	105.00	 	 	 	236.25	 
	000881
	 	 	11/30/08	 	 	 	4,019.44	 	 	AC units - Trane	 	P	 	SLMM	 	 	10 00	 	 	 	4,019.44	 	 	 	11/30/10	 	 	 	435.45	 	 	 	33.50	 	 	 	401.94	 	 	 	837.39	 
	000891
	 	 	12/31/08	 	 	 	6,028.63	 	 	AC units - Trane	 	P	 	SLMM	 	 	10 00	 	 	 	6,028.63	 	 	 	11/30/10	 	 	 	602.86	 	 	 	50.24	 	 	 	602.86	 	 	 	1,205.72	 
	000985
	 	 	09/16/09	 	 	 	1,575.00	 	 	Windows - Sunset Exteriors	 	P	 	SLMM	 	 	10 00	 	 	 	1,575.00	 	 	 	11/30/10	 	 	 	39.38	 	 	 	13.13	 	 	 	157.50	 	 	 	196.88	 
	001021
	 	 	12/31/09	 	 	 	6,732.16	 	 	HVAC pilot burners - Triangle	 	P	 	SLMM	 	 	10 00	 	 	 	6,732.16	 	 	 	11/30/10	 	 	 	0.00	 	 	 	56.11	 	 	 	673.22	 	 	 	673.22	 
	001022
	 	 	12/31/09	 	 	 	750.00	 	 	Convert cabinets from handie	 	P	 	SLMM	 	 	10 00	 	 	 	750.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	6.25	 	 	 	75.00	 	 	 	75.00	 
	001035
	 	 	02/03/10	 	 	 	1,575.00	 	 	Windows - Sunset Exterior	 	P	 	SLMM	 	 	10 00	 	 	 	1,575.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	13.13	 	 	 	144.38	 	 	 	144.38	 
	001058
	 	 	03/31/10	 	 	 	552.18	 	 	Hallway signs - Fastsigns	 	P	 	SLMM	 	 	10 00	 	 	 	552.18	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.60	 	 	 	41.41	 	 	 	41.41	 
	001076
	 	 	04/26/10	 	 	 	524.61	 	 	Kitchen grill gas valve - Frank	 	P	 	SLMM	 	 	10 00	 	 	 	524.61	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.37	 	 	 	34.97	 	 	 	34.97	 
	001113
	 	 	06/16/10	 	 	 	2,835.00	 	 	Windows - Sunset Exterior	 	P	 	SLMM	 	 	10 00	 	 	 	2,835.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	23.62	 	 	 	141.75	 	 	 	141.75	 
	001115
	 	 	06/30/10	 	 	 	402.69	 	 	AC blower moters - Trane	 	P	 	SLMM	 	 	10 00	 	 	 	402.69	 	 	 	11/30/10	 	 	 	0.00	 	 	 	3.35	 	 	 	20.14	 	 	 	20.14	 

			
	 	 	 
	January 17, 2011 at 1:57 PM
	 	Page

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	Location = Naperville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class
= B
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001120
	 	 	06/30/10	 	 	 	400.00	 	 	Receptable/jack - Bristol Ente	 	P	 	SLMM	 	 	10 00	 	 	 	400.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	3.33	 	 	 	20.00	 	 	 	20.00	 
	001135
	 	 	07/28/10	 	 	 	3,725.13	 	 	HVAC pumps - Trane	 	P	 	SLMM	 	 	10 00	 	 	 	3,725.13	 	 	 	11/30/10	 	 	 	0.00	 	 	 	31.04	 	 	 	155.21	 	 	 	155.21	 
	001136
	 	 	07/28/10	 	 	 	2,268.00	 	 	Windows - Sunset Exteriors	 	P	 	SLMM	 	 	10 00	 	 	 	2,268.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	18.90	 	 	 	94.50	 	 	 	94.50	 
	001159
	 	 	08/31/10	 	 	 	377.50	 	 	Elevator phone - Rath	 	P	 	SLMM	 	 	10 00	 	 	 	377.50	 	 	 	11/30/10	 	 	 	0.00	 	 	 	3.14	 	 	 	12.58	 	 	 	12.58	 
	001189
	 	 	10/27/10	 	 	 	1,555.17	 	 	AC compressor - Triangle En	 	P	 	SLMM	 	 	10 00	 	 	 	1,555.17	 	 	 	11/30/10	 	 	 	0.00	 	 	 	12.96	 	 	 	25.92	 	 	 	25.92	 
	001222
	 	 	12/31/10	 	 	 	1,150.00	 	 	Siding/tyvek wrapping - Suns	 	P	 	SLMM	 	 	10 00	 	 	 	1,150.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B
	 	 	233,264.97	 	 	 	 	 	 	 	 	 		 	 	 	233,264.97	 	 	 		 	 	 	65,446.67	 	 	 	1,939.68	 	 	 	22,542.28	 	 	 	87,988.95	 
	Less disposals
and transfers 

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 		 	 	 	0.00	 	 	 		 	 	 	0.00	 	 	 	 	 	 	 		 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal 

Count = 96	 	 	233,264.97	 	 	 	 	 	 	 	 	 		 	 	 	233,264.97	 	 	 		 	 	 	65,446.67	 	 	 	1,939.68	 	 	 	22,542.28	 	 	 	87,988.95	 
	 
	Class = BA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000300 	12/01/04	 	 	 	14,215,938.00	 	 	Building Acquisition	 	R	 	SLMM	 	 	40 00	 	 	 	14,215,938.00	 	 	 	 11/30/10	 	 	 	1,806,608.79	 	 	 	29,616.54	 	 	 	355,398.45	 	 	 	2,162,007.24	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = BA	 	 	14,215,938.00	 	 	 	 	 	 	 	 	 		 	 	 	14,215,938.00	 	 	 		 	 	 	1,806,608.79	 	 	 	29,616.54	 	 	 	355,398.45	 	 	 	2,162,007.24	 
	Less disposals
and transfers Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 		 	 	 	0.00	 	 	 		 	 	 	0.00	 	 	 	 	 	 	 		 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal

Count = 1	 	 	14,215,938.00	 	 	 	 	 	 	 	 	 		 	 	 	14,215,938.00	 	 	 		 	 	 	1,806,608.79	 	 	 	29,616.54	 	 	 	355,398.45	 	 	 	2,162,007.24	 
	 
	Class = E	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000388
	 	 	08/31/05	 	 	 	918.05	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	918.05	 	 	 	11/30/10	 	 	 	397.84	 	 	 	7.66	 	 	 	91.81	 	 	 	489.65	 
	000389
	 	 	10/20/05	 	 	 	2,585.10	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	2,585.10	 	 	 	11/30/10	 	 	 	1,077.13	 	 	 	21.55	 	 	 	258.51	 	 	 	1,335.64	 
	000600
	 	 	02/28/07	 	 	 	806.52	 	 	Motorola radios - Sexauer	 	P	 	SLMM	 	 	10 00	 	 	 	806.52	 	 	 	11/30/10	 	 	 	228.51	 	 	 	6.73	 	 	 	80.65	 	 	 	309.16	 
	000604
	 	 	03/20/07	 	 	 	3,553.29	 	 	Computers - Dell Marketing	 	P	 	SLMM	 	 	05 00	 	 	 	3,553.29	 	 	 	11/30/10	 	 	 	1,954.31	 	 	 	59.23	 	 	 	710.66	 	 	 	2,664.97	 
	000605
	 	 	03/31/07	 	 	 	476.33	 	 	Dishwasher - Home Depot	 	P	 	SLMM	 	 	10 00	 	 	 	476.33	 	 	 	11/30/10	 	 	 	131.00	 	 	 	3.97	 	 	 	47.63	 	 	 	178.63	 
	000645
	 	 	06/19/07	 	 	 	3,465.63	 	 	Dishwasher booster heater	 	P	 	SLMM	 	 	10 00	 	 	 	3,465.63	 	 	 	11/30/10	 	 	 	866.40	 	 	 	28.88	 	 	 	346.56	 	 	 	1,212.96	 
	000662
	 	 	08/31/07	 	 	 	2,698.96	 	 	TV - Best Buy	 	P	 	SLMM	 	 	10 00	 	 	 	2,698.96	 	 	 	11/30/10	 	 	 	629.77	 	 	 	22.50	 	 	 	269.90	 	 	 	899.67	 
	000663
	 	 	08/31/07	 	 	 	462.19	 	 	Refrigerator - Home Depot	 	P	 	SLMM	 	 	10 00	 	 	 	462.19	 	 	 	11/30/10	 	 	 	107.85	 	 	 	3.86	 	 	 	46.22	 	 	 	154.07	 
	000664
	 	 	08/31/07	 	 	 	1,087.23	 	 	Motorola radios - Home Depc	 	P	 	SLMM	 	 	10 00	 	 	 	1,087.23	 	 	 	11/30/10	 	 	 	253.68	 	 	 	9.06	 	 	 	108.72	 	 	 	362.40	 
	000665
	 	 	08/31/07	 	 	 	2,325.38	 	 	Ice maker - Robert Gill	 	P	 	SLMM	 	 	10 00	 	 	 	2,325.38	 	 	 	11/30/10	 	 	 	542.59	 	 	 	19.38	 	 	 	232.54	 	 	 	775.13	 
	000698
	 	 	10/19/07	 	 	 	841.54	 	 	Refrigerator Compressor - Tri	 	P	 	SLMM	 	 	10 00	 	 	 	841.54	 	 	 	11/30/10	 	 	 	182.33	 	 	 	7.02	 	 	 	84.15	 	 	 	266.48	 
	000726
	 	 	11/16/07	 	 	 	389.73	 	 	Piano dolly - Ed Heigl/Schaff	 	P	 	SLMM	 	 	10 00	 	 	 	389.73	 	 	 	11/30/10	 	 	 	81.20	 	 	 	3.25	 	 	 	38.97	 	 	 	120.17	 
	000736
	 	 	12/19/07	 	 	 	1,243.30	 	 	Snow blower - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	1,243.30	 	 	 	11/30/10	 	 	 	248.66	 	 	 	10.37	 	 	 	124.33	 	 	 	372.99	 
	000737
	 	 	12/31/07	 	 	 	723.50	 	 	Food processor - US Foods	 	P	 	SLMM	 	 	10 00	 	 	 	723.50	 	 	 	11/30/10	 	 	 	144.70	 	 	 	6.03	 	 	 	72.35	 	 	 	217.05	 
	000748
	 	 	01/31/08	 	 	 	1,756.25	 	 	Holding cabinet warmer - UE	 	P	 	SLMM	 	 	10 00	 	 	 	1,756.25	 	 	 	11/30/10	 	 	 	336.62	 	 	 	14.64	 	 	 	175.63	 	 	 	512.25	 
	000769
	 	 	03/12/08	 	 	 	391.39	 	 	Carpet air mover - Home Dep	 	P	 	SLMM	 	 	10 00	 	 	 	391.39	 	 	 	11/30/10	 	 	 	71.76	 	 	 	3.27	 	 	 	39.14	 	 	 	110.90	 
	000770
	 	 	03/12/08	 	 	 	1,537.20	 	 	Vacuums - Wehhrli’s Vacuum	 	P	 	SLMM	 	 	10 00	 	 	 	1,537.20	 	 	 	11/30/10	 	 	 	281.82	 	 	 	12.81	 	 	 	153.72	 	 	 	435.54	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	25,261.59	 	 	 	 	 	 	 	 	 		 	 	 	25,261.59	 	 	 		 	 	 	7,536.17	 	 	 	240.21	 	 	 	2,881.49	 	 	 	10,417.66	 
	Less disposals
and transfers 

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 		 	 	 	0.00	 	 	 		 	 	 	0.00	 	 	 	 	 	 	 		 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal 
Count = 17	 	 	25,261.59	 	 	 	 	 	 	 	 	 		 	 	 	25,261.59	 	 	 		 	 	 	7,536.17	 	 	 	240.21	 	 	 	2,881.49	 	 	 	10,417.66	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000301
	 	 	12/23/04	 	 	 	1,924.33	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,924.33	 	 	 	11/30/10	 	 	 	962.15	 	 	 	16.04	 	 	 	192.43	 	 	 	1,154.58	 

			
	 	 	 
	January 17, 2011 at 1:57 PM
	 	Page

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Data	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	Location = Naperville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000302
	 	 	12/31/04	 	 	 	678.30	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	678.30	 	 	 	11/30/10	 	 	 	339.15	 	 	 	5.66	 	 	 	67.83	 	 	 	406.98	 
	000303
	 	 	12/31/04	 	 	 	2,723.05	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,723.05	 	 	 	11/30/10	 	 	 	1,361.55	 	 	 	22.70	 	 	 	272.31	 	 	 	1,633.86	 
	000304
	 	 	01/31/05	 	 	 	678.30	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	678.30	 	 	 	11/30/10	 	 	 	333.50	 	 	 	5.66	 	 	 	67.83	 	 	 	401.33	 
	000305
	 	 	01/31/05	 	 	 	348.55	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	348.55	 	 	 	11/30/10	 	 	 	171.39	 	 	 	2.91	 	 	 	34.86	 	 	 	206.25	 
	000306
	 	 	02/21/05	 	 	 	263.28	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	263.28	 	 	 	11/30/10	 	 	 	127.26	 	 	 	2.20	 	 	 	26.33	 	 	 	153.59	 
	000307
	 	 	02/28/05	 	 	 	902.93	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	902.93	 	 	 	11/30/10	 	 	 	436.41	 	 	 	7.53	 	 	 	90.29	 	 	 	526.70	 
	000308
	 	 	03/09/05	 	 	 	35.86	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	35.86	 	 	 	11/30/10	 	 	 	17.35	 	 	 	0.30	 	 	 	3.59	 	 	 	20.94	 
	000309
	 	 	03/09/05	 	 	 	583.10	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	583.10	 	 	 	11/30/10	 	 	 	281.83	 	 	 	4.86	 	 	 	58.31	 	 	 	340.14	 
	000310
	 	 	03/21/05	 	 	 	10,521.60	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	10,521.60	 	 	 	11/30/10	 	 	 	4,997.76	 	 	 	87.68	 	 	 	1,052.16	 	 	 	6,049.92	 
	000311
	 	 	03/29/05	 	 	 	101.41	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	101.41	 	 	 	11/30/10	 	 	 	48.17	 	 	 	0.85	 	 	 	10.14	 	 	 	58.31	 
	000312
	 	 	03/29/05	 	 	 	592.06	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	592.06	 	 	 	11/30/10	 	 	 	281.25	 	 	 	4.94	 	 	 	59.21	 	 	 	340.46	 
	000313
	 	 	04/01/05	 	 	 	(711.76	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(711.76	)	 	 	11/30/10	 	 	 	(338.10	)	 	 	(5.94	)	 	 	(71.18	)	 	 	(409.28	)
	000314
	 	 	04/13/05	 	 	 	678.30	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	678.30	 	 	 	11/30/10	 	 	 	322.19	 	 	 	5.66	 	 	 	67.83	 	 	 	390.02	 
	000315
	 	 	04/13/05	 	 	 	820.80	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	820.80	 	 	 	11/30/10	 	 	 	389.88	 	 	 	6.84	 	 	 	82.08	 	 	 	471.96	 
	000316
	 	 	04/26/05	 	 	 	365.90	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	365.90	 	 	 	11/30/10	 	 	 	170.75	 	 	 	3.05	 	 	 	36.59	 	 	 	207.34	 
	000317
	 	 	04/30/05	 	 	 	678.30	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	678.30	 	 	 	11/30/10	 	 	 	316.54	 	 	 	5.66	 	 	 	67.83	 	 	 	384.37	 
	000318
	 	 	04/30/05	 	 	 	2,398.38	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,398.38	 	 	 	11/30/10	 	 	 	1,119.25	 	 	 	19.99	 	 	 	239.84	 	 	 	1,359.09	 
	000319
	 	 	04/30/05	 	 	 	(75.00	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(75.00	)	 	 	11/30/10	 	 	 	(35.00	)	 	 	(0.63	)	 	 	(7.50	)	 	 	(42.50	)
	000320
	 	 	04/30/05	 	 	 	1,297.10	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,297.10	 	 	 	11/30/10	 	 	 	605.31	 	 	 	10.81	 	 	 	129.71	 	 	 	735.02	 
	000321
	 	 	07/11/05	 	 	 	820.80	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	820.80	 	 	 	11/30/10	 	 	 	369.36	 	 	 	6.84	 	 	 	82.08	 	 	 	451.44	 
	000322
	 	 	07/31/05	 	 	 	904.40	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	904.40	 	 	 	11/30/10	 	 	 	399.44	 	 	 	7.54	 	 	 	90.44	 	 	 	489.88	 
	000323
	 	 	07/31/05	 	 	 	550.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	550.00	 	 	 	11/30/10	 	 	 	242.92	 	 	 	4.59	 	 	 	55.00	 	 	 	297.92	 
	000324
	 	 	08/31/05	 	 	 	678.30	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	678.30	 	 	 	11/30/10	 	 	 	293.93	 	 	 	5.66	 	 	 	67.83	 	 	 	361.76	 
	000325
	 	 	09/15/05	 	 	 	390.39	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	390.39	 	 	 	11/30/10	 	 	 	169.17	 	 	 	3.26	 	 	 	39.04	 	 	 	208.21	 
	000326
	 	 	09/15/05	 	 	 	1,432.56	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,432.56	 	 	 	11/30/10	 	 	 	620.79	 	 	 	11.94	 	 	 	143.26	 	 	 	764.05	 
	000327
	 	 	09/15/05	 	 	 	833.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	833.00	 	 	 	11/30/10	 	 	 	360.97	 	 	 	6.95	 	 	 	83.30	 	 	 	444.27	 
	000328
	 	 	09/15/05	 	 	 	678.30	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	678.30	 	 	 	11/30/10	 	 	 	293.93	 	 	 	5.66	 	 	 	67.83	 	 	 	361.76	 
	000329
	 	 	09/30/05	 	 	 	2,668.03	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,668.03	 	 	 	11/30/10	 	 	 	1,133.90	 	 	 	22.24	 	 	 	266.80	 	 	 	1,400.70	 
	000330
	 	 	09/30/05	 	 	 	678.30	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	678.30	 	 	 	11/30/10	 	 	 	288.28	 	 	 	5.66	 	 	 	67.83	 	 	 	356.11	 
	000331
	 	 	09/30/05	 	 	 	(424.28	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(424.28	)	 	 	11/30/10	 	 	 	(180.33	)	 	 	(3.54	)	 	 	(42.43	)	 	 	(222.76	)
	000332
	 	 	10/20/05	 	 	 	678.30	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	678.30	 	 	 	11/30/10	 	 	 	282.63	 	 	 	5.66	 	 	 	67.83	 	 	 	350.46	 
	000333
	 	 	10/20/05	 	 	 	2,936.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,936.00	 	 	 	11/30/10	 	 	 	1,223.33	 	 	 	24.47	 	 	 	293.60	 	 	 	1,516.93	 
	000334
	 	 	10/31/05	 	 	 	800.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	800.00	 	 	 	11/30/10	 	 	 	333.33	 	 	 	6.67	 	 	 	80.00	 	 	 	413.33	 
	000335
	 	 	10/31/05	 	 	 	1,125.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,125.00	 	 	 	11/30/10	 	 	 	468.75	 	 	 	9.38	 	 	 	112.50	 	 	 	581.25	 
	000336
	 	 	12/19/05	 	 	 	1,076.91	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,076.91	 	 	 	11/30/10	 	 	 	430.76	 	 	 	8.98	 	 	 	107.69	 	 	 	538.45	 
	000337
	 	 	12/27/05	 	 	 	882.30	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	882.30	 	 	 	11/30/10	 	 	 	352.92	 	 	 	7.36	 	 	 	88.23	 	 	 	441.15	 
	000338
	 	 	12/27/05	 	 	 	696.66	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	696.66	 	 	 	11/30/10	 	 	 	278.68	 	 	 	5.81	 	 	 	69.67	 	 	 	348.35	 
	000339
	 	 	12/27/05	 	 	 	2,529.50	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,529.50	 	 	 	11/30/10	 	 	 	1,011.80	 	 	 	21.08	 	 	 	252.95	 	 	 	1,264.75	 
	000340
	 	 	12/31/05	 	 	 	(684.20	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(684.20	)	 	 	11/30/10	 	 	 	(273.68	)	 	 	(5.71	)	 	 	(68.42	)	 	 	(342.10	)
	000341
	 	 	12/31/05	 	 	 	37.24	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	37.24	 	 	 	11/30/10	 	 	 	14.88 	 	 	 	       0.31	 	 	 	3.72	 	 	 	18.60	 
	000342
	 	 	12/31/05	 	 	 	(198.10	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(198.10	)	 	 	11/30/10	 	 	 	(79.24	)	 	 	(1.66	)	 	 	(19.81	)	 	 	(99.05	)
	000343
	 	 	12/31/05	 	 	 	567.19	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	567.19	 	 	 	11/30/10	 	 	 	226.88	 	 	 	4.73	 	 	 	56.72	 	 	 	283.60	 
	000344
	 	 	01/31/06	 	 	 	1,404.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,404.00	 	 	 	11/30/10	 	 	 	549.90	 	 	 	11.70	 	 	 	140.40	 	 	 	690.30	 
	000345
	 	 	02/20/06	 	 	 	3,543.75	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	3,543.75	 	 	 	11/30/10	 	 	 	1,358.45	 	 	 	29.54	 	 	 	354.38	 	 	 	1,712.83	 
	000346
	 	 	02/28/06	 	 	 	(410.60	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(410.60	)	 	 	11/30/10	 	 	 	(157.40	)	 	 	(3.43	)	 	 	(41.06	)	 	 	(198.46	)
	000347
	 	 	02/28/06	 	 	 	741.73	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	741.73	 	 	 	11/30/10	 	 	 	284.32	 	 	 	6.19	 	 	 	74.17	 	 	 	358.49	 
	000348
	 	 	02/28/06	 	 	 	410.60	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	410.60	 	 	 	11/30/10	 	 	 	157.40	 	 	 	3.43	 	 	 	41.06	 	 	 	198.46	 
	000349
	 	 	03/16/06	 	 	 	2,120.22	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,120.22	 	 	 	11/30/10	 	 	 	795.08	 	 	 	17.67	 	 	 	212.02	 	 	 	1,007.10	 
	000350
	 	 	03/16/06	 	 	 	527.94	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	527.94	 	 	 	11/30/10	 	 	 	197.98	 	 	 	4.40	 	 	 	52.79	 	 	 	250.77	 
	000351
	 	 	03/31/06	 	 	 	502.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	502.00	 	 	 	11/30/10	 	 	 	188.25	 	 	 	4.19	 	 	 	50.20	 	 	 	238.45	 

			
	 	 	 
	January 17, 2011 at 1:57 PM
	 	Page

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	Location = Naperville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000352
	 	 	04/30/06	 	 	 	350.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	350.00	 	 	 	11/30/10	 	 	 	128.33	 	 	 	2.92	 	 	 	35.00	 	 	 	163.33	 
	000353
	 	 	04/30/06	 	 	 	(437.96	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(437.96	)	 	 	11/30/10	 	 	 	(160.61	)	 	 	(3.65	)	 	 	(43.80	)	 	 	(204.41	)
	000354
	 	 	04/30/06	 	 	 	555.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	555.00	 	 	 	11/30/10	 	 	 	203.50	 	 	 	4.63	 	 	 	55.50	 	 	 	259.00	 
	000355
	 	 	04/30/06	 	 	 	437.96	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	437.96	 	 	 	11/30/10	 	 	 	160.61	 	 	 	3.65	 	 	 	43.80	 	 	 	204.41	 
	000356
	 	 	04/30/06	 	 	 	193.71	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	193.71	 	 	 	11/30/10	 	 	 	71.02	 	 	 	1.62	 	 	 	19.37	 	 	 	90.39	 
	000357
	 	 	04/30/06	 	 	 	3,391.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	3,391.00	 	 	 	11/30/10	 	 	 	1,243.37	 	 	 	28.26	 	 	 	339.10	 	 	 	1,582.47	 
	000358
	 	 	05/31/06	 	 	 	(410.80	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(410.80	)	 	 	11/30/10	 	 	 	(147.20	)	 	 	(3.43	)	 	 	(41.08	)	 	 	(188.28	)
	000359
	 	 	05/31/06	 	 	 	410.80	 	 	Furniture & Fixtures	 	P	 	SLMM	 	10 00	 	 	 	410.80	 	 	 	11/30/10	 	 	 	147.20	 	 	 	3.43	 	 	 	41.08	 	 	 	188.28	 
	000360
	 	 	06/01/06	 	 	 	3,130.80	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	3,130.80	 	 	 	11/30/10	 	 	 	1,121.87	 	 	 	26.09	 	 	 	313.08	 	 	 	1,434.95	 
	000361
	 	 	06/30/06	 	 	 	952.37	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	952.37	 	 	 	11/30/10	 	 	 	333.34	 	 	 	7.94	 	 	 	95.24	 	 	 	428.58	 
	000362
	 	 	06/30/06	 	 	 	180.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	180.00	 	 	 	11/30/10	 	 	 	63.00	 	 	 	1.50	 	 	 	18.00	 	 	 	81.00	 
	000363
	 	 	06/30/06	 	 	 	128.77	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	128.77	 	 	 	11/30/10	 	 	 	45.08	 	 	 	1.08	 	 	 	12.88	 	 	 	57.96	 
	000364
	 	 	06/30/06	 	 	 	3,271.50	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	3,271.50	 	 	 	11/30/10	 	 	 	1,145.03	 	 	 	27.27	 	 	 	327.15	 	 	 	1,472.18	 
	000365
	 	 	06/30/06	 	 	 	555.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	555.00	 	 	 	11/30/10	 	 	 	194.25	 	 	 	4.63	 	 	 	55.50	 	 	 	249.75	 
	000366
	 	 	07/18/06	 	 	 	(1,080.98	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(1,080.98	)	 	 	11/30/10	 	 	 	(369.34	)	 	 	(9.01	)	 	 	(108.10	)	 	 	(477.44	)
	000367
	 	 	07/18/06	 	 	 	(489.38	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(489.38	)	 	 	11/30/10	 	 	 	(167.21	)	 	 	(4.08	)	 	 	(48.94	)	 	 	(216.15	)
	000368
	 	 	07/31/06	 	 	 	(604.88	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(604.88	)	 	 	11/30/10	 	 	 	(206.67	)	 	 	(5.05	)	 	 	(60.49	)	 	 	(267.16	)
	000369
	 	 	07/31/06	 	 	 	5,109.91	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	5,109.91	 	 	 	11/30/10	 	 	 	1,745.88	 	 	 	42.59	 	 	 	510.99	 	 	 	2,256.87	 
	000370
	 	 	07/31/06	 	 	 	604.88	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	604.88	 	 	 	11/30/10	 	 	 	206.67	 	 	 	5.05	 	 	 	60.49	 	 	 	267.16	 
	000371
	 	 	07/31/06	 	 	 	2,065.32	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,065.32	 	 	 	11/30/10	 	 	 	705.65	 	 	 	17.22	 	 	 	206.53	 	 	 	912.18	 
	000372
	 	 	08/31/06	 	 	 	1,477.66	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,477.66	 	 	 	11/30/10	 	 	 	492.57	 	 	 	12.32	 	 	 	147.77	 	 	 	640.34	 
	000373
	 	 	08/31/06	 	 	 	1,408.91	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,408.91	 	 	 	11/30/10	 	 	 	469.63	 	 	 	11.75	 	 	 	140.89	 	 	 	610.52	 
	000374
	 	 	08/31/06	 	 	 	1,080.98	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,080.98	 	 	 	11/30/10	 	 	 	360.33	 	 	 	9.01	 	 	 	108.10	 	 	 	468.43	 
	000375
	 	 	08/31/06	 	 	 	1,080.98	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,080.98	 	 	 	11/30/10	 	 	 	360.33	 	 	 	9.01	 	 	 	108.10	 	 	 	468.43	 
	000376
	 	 	09/30/06	 	 	 	4,060.77	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	4,060.77	 	 	 	11/30/10	 	 	 	1,319.77	 	 	 	33.84	 	 	 	406.08	 	 	 	1,725.85	 
	000377
	 	 	09/30/06	 	 	 	(355.56	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(355.56	)	 	 	11/30/10	 	 	 	(115.57	)	 	 	(2.97	)	 	 	(35.56	)	 	 	(151.13	)
	000378
	 	 	09/30/06	 	 	 	3,271.50	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	3,271.50	 	 	 	11/30/10	 	 	 	1,063.24	 	 	 	27.27	 	 	 	327.15	 	 	 	1,390.39	 
	000379
	 	 	09/30/06	 	 	 	355.56	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	355.56	 	 	 	11/30/10	 	 	 	115.57	 	 	 	2.97	 	 	 	35.56	 	 	 	151.13	 
	000380
	 	 	10/18/06	 	 	 	1,980.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,980.00	 	 	 	11/30/10	 	 	 	627.00	 	 	 	16.50	 	 	 	198.00	 	 	 	825.00	 
	000381
	 	 	10/31/06	 	 	 	200.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	200.00	 	 	 	11/30/10	 	 	 	63.33	 	 	 	1.67	 	 	 	20.00	 	 	 	83.33	 
	000382
	 	 	10/31/06	 	 	 	283.28	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	283.28	 	 	 	11/30/10	 	 	 	89.71	 	 	 	2.37	 	 	 	28.33	 	 	 	118.04	 
	000383
	 	 	10/31/06	 	 	 	(562.87	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(562.87	)	 	 	11/30/10	 	 	 	(178.25	)	 	 	(4.70	)	 	 	(56.29	)	 	 	(234.54	)
	000384
	 	 	10/31/06	 	 	 	492.00	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	492.00	 	 	 	11/30/10	 	 	 	155.81	 	 	 	4.10	 	 	 	49.20	 	 	 	205.01	 
	000385
	 	 	10/31/06	 	 	 	562.87	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	562.87	 	 	 	11/30/10	 	 	 	178.25	 	 	 	4.70	 	 	 	56.29	 	 	 	234.54	 
	000386
	 	 	11/30/06	 	 	 	(1,123.68	)	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(1,123.68	)	 	 	11/30/10	 	 	 	(346.47	)	 	 	(9.37	)	 	 	(112.37	)	 	 	(458.84	)
	000387
	 	 	11/30/06	 	 	 	1,123.68	 	 	Furniture & Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,123.68	 	 	 	11/30/10	 	 	 	346.47	 	 	 	9.37	 	 	 	112.37	 	 	 	458.84	 
	000601
	 	 	02/28/07	 	 	 	1,344.17	 	 	Dining rm tables - Woodman	 	P	 	SLMM	 	 	10 00	 	 	 	1,344.17	 	 	 	11/30/10	 	 	 	380.86	 	 	 	11.21	 	 	 	134.42	 	 	 	515.28	 
	000603
	 	 	03/20/07	 	 	 	935.47	 	 	Carpet - Mr. David’s	 	P	 	SLMM	 	 	10 00	 	 	 	935.47	 	 	 	11/30/10	 	 	 	257.26	 	 	 	7.80	 	 	 	93.55	 	 	 	350.81	 
	000624
	 	 	04/17/07	 	 	 	1,121.86	 	 	Food carts - US Foods	 	P	 	SLMM	 	 	10 00	 	 	 	1,121.86	 	 	 	11/30/10	 	 	 	299.17	 	 	 	9.35	 	 	 	112.19	 	 	 	411.36	 
	000625
	 	 	04/18/07	 	 	 	515.30	 	 	2 tables - Ed Heigl	 	P	 	SLMM	 	 	10 00	 	 	 	515.30	 	 	 	11/30/10	 	 	 	137.41	 	 	 	4.30	 	 	 	51.53	 	 	 	188.94	 
	000626
	 	 	04/30/07	 	 	 	2,360.00	 	 	Carpet - Mr. David’s Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	2,360.00	 	 	 	11/30/10	 	 	 	629.33	 	 	 	19.67	 	 	 	236.00	 	 	 	865.33	 
	000627
	 	 	04/30/07	 	 	 	1,148.43	 	 	Medication boxes - Corporate	 	P	 	SLMM	 	 	10 00	 	 	 	1,148.43	 	 	 	11/30/10	 	 	 	306.24	 	 	 	9.57	 	 	 	114.84	 	 	 	421.08	 
	000643
	 	 	06/30/07	 	 	 	11,405.00	 	 	Carpet - Mr. David’s Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	11,405.00	 	 	 	11/30/10	 	 	 	2,851.25	 	 	 	95.05	 	 	 	1,140.50	 	 	 	3,991.75	 
	000644
	 	 	06/30/07	 	 	 	381.46	 	 	Table - Barco	 	P	 	SLMM	 	 	10 00	 	 	 	381.46	 	 	 	11/30/10	 	 	 	95.37	 	 	 	3.18	 	 	 	38.15	 	 	 	133.52	 
	000660
	 	 	08/31/07	 	 	 	863.28	 	 	Bench cushions - Country Ca	 	P	 	SLMM	 	 	10 00	 	 	 	863.28	 	 	 	11/30/10	 	 	 	201.44	 	 	 	7.20	 	 	 	86.33	 	 	 	287.77	 
	000661
	 	 	08/31/07	 	 	 	1,106.00	 	 	Carpet - Mr. David’s Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	1,106.00	 	 	 	11/30/10	 	 	 	258.07	 	 	 	9.22	 	 	 	110.60	 	 	 	368.67	 
	000680
	 	 	09/14/07	 	 	 	333.56	 	 	Bookcases/table - Edwin Heig	 	P	 	SLMM	 	 	10 00	 	 	 	333.56	 	 	 	11/30/10	 	 	 	77.84	 	 	 	2.78	 	 	 	33.36	 	 	 	111.20	 
	000681
	 	 	09/30/07	 	 	 	2,413.00	 	 	Sola - JBI	 	P	 	SLMM	 	 	10 00	 	 	 	2,413.00	 	 	 	11/30/10	 	 	 	542.94	 	 	 	20.11	 	 	 	241.30	 	 	 	784.24	 
	000682
	 	 	09/30/07	 	 	 	6,590.25	 	 	Carpet - Mr. David’s	 	P	 	SLMM	 	 	10 00	 	 	 	6,590.25	 	 	 	11/30/10	 	 	 	1,482.83	 	 	 	54.92	 	 	 	659.03	 	 	 	2,141.86	 
	000701
	 	 	10/19/07	 	 	 	4,848.90	 	 	Carpet - Mr. David’s Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	4,848.90	 	 	 	11/30/10	 	 	 	1,050.61	 	 	 	40.41	 	 	 	484.89	 	 	 	1,535.50	 

			
	 	 	 
	January 17, 2011 at 1:57 PM
	 	Page

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	Location = Naperville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000725
	 	 	11/30/07	 	 	 	2,046.00	 	 	Carpet - Mr. David’s Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	2,046.00	 	 	 	11/30/10	 	 	 	426.25	 	 	 	17.05	 	 	 	204.60	 	 	 	630.85	 
	000734
	 	 	12/31/07	 	 	 	5,360.82	 	 	Carpet - Mr. David’s	 	P	 	SLMM	 	 	10 00	 	 	 	5,360.82	 	 	 	11/30/10	 	 	 	1,072.16	 	 	 	44.68	 	 	 	536.08	 	 	 	1,608.24	 
	000746
	 	 	01/31/08	 	 	 	5,161.30	 	 	Carpet - Mr. Davids	 	P	 	SLMM	 	 	10 00	 	 	 	5,161.30	 	 	 	11/30/10	 	 	 	989.25	 	 	 	43.02	 	 	 	516.13	 	 	 	1,505.38	 
	000747
	 	 	01/31/08	 	 	 	590.43	 	 	Ballast - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	590.43	 	 	 	11/30/10	 	 	 	113.16	 	 	 	4.92	 	 	 	59.04	 	 	 	172.20	 
	000754
	 	 	02/29/08	 	 	 	2,536.30	 	 	Carpet - Mr. David’s	 	P	 	SLMM	 	 	10 00	 	 	 	2,536.30	 	 	 	11/30/10	 	 	 	464.99	 	 	 	21.14	 	 	 	253.63	 	 	 	718.62	 
	000755
	 	 	02/29/08	 	 	 	734.82	 	 	Drain cleaning machine - Gra	 	P	 	SLMM	 	 	10 00	 	 	 	734.82	 	 	 	11/30/10	 	 	 	134.72	 	 	 	6.13	 	 	 	73.48	 	 	 	208.20	 
	000787
	 	 	04/30/08	 	 	 	768.50	 	 	Carpet - Mr. David’s	 	P	 	SLMM	 	 	10 00	 	 	 	768.50	 	 	 	11/30/10	 	 	 	128.08	 	 	 	6.41	 	 	 	76.85	 	 	 	204.93	 
	000788
	 	 	04/23/08	 	 	 	1,710.00	 	 	Fabric for chairs - JBI	 	P	 	SLMM	 	 	10 00	 	 	 	1,710.00	 	 	 	11/30/10	 	 	 	285.00	 	 	 	14.25	 	 	 	171.00	 	 	 	456.00	 
	000805
	 	 	06/25/08	 	 	 	3,900.00	 	 	Reupholstor chairs - JC Woo	 	P	 	SLMM	 	 	10 00	 	 	 	3,900.00	 	 	 	11/30/10	 	 	 	585.00	 	 	 	32.50	 	 	 	390.00	 	 	 	975.00	 
	000816
	 	 	07/23/08	 	 	 	3,384.00	 	 	Carpet - Mr. David’s	 	P	 	SLMM	 	 	10 00	 	 	 	3,384.00	 	 	 	11/30/10	 	 	 	479.40	 	 	 	28.20	 	 	 	338.40	 	 	 	817.80	 
	000841
	 	 	08/20/08	 	 	 	3,156.00	 	 	Carpet - Mr. David	 	P	 	SLMM	 	 	10 00	 	 	 	3,156.00	 	 	 	11/30/10	 	 	 	427.71	 	 	 	26.30	 	 	 	315.60	 	 	 	743.31	 
	000842
	 	 	08/20/08	 	 	 	828.55	 	 	Decorative accessories - Micl	 	P	 	SLMM	 	 	10 00	 	 	 	828.55	 	 	 	11/30/10	 	 	 	110.48	 	 	 	6.91	 	 	 	82.86	 	 	 	193.34	 
	000855
	 	 	09/10/08	 	 	 	3,245.00	 	 	Reuphoster bistro rm chairs/b	 	P	 	SLMM	 	 	10 00	 	 	 	3,245.00	 	 	 	11/30/10	 	 	 	432.67	 	 	 	27.05	 	 	 	324.50	 	 	 	757.17	 
	000856
	 	 	09/30/08	 	 	 	6,405.50	 	 	Dining rm chairs (1/2down)	 	P	 	NoDep	 	 	00 00	 	 	 	6,405.50	 	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	000857
	 	 	09/30/08	 	 	 	517.51	 	 	Ballasts - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	517.51	 	 	 	11/30/10	 	 	 	64.69	 	 	 	4.32	 	 	 	51.75	 	 	 	116.44	 
	000858
	 	 	09/30/08	 	 	 	1,793.75	 	 	Re-built server - Sparks It Co	 	P	 	SLMM	 	 	10 00	 	 	 	1,793.75	 	 	 	11/30/10	 	 	 	224.22	 	 	 	14.95	 	 	 	179.38	 	 	 	403.60	 
	000868
	 	 	10/08/08	 	 	 	398.49	 	 	Fax machine - Corporate Exp	 	P	 	SLMM	 	 	10 00	 	 	 	398.49	 	 	 	11/30/10	 	 	 	49.81	 	 	 	3.33	 	 	 	39.85	 	 	 	89.66	 
	000869
	 	 	10/22/08	 	 	 	646.91	 	 	2 washers/dryers - Menards	 	P	 	SLMM	 	 	10 00	 	 	 	646.91	 	 	 	11/30/10	 	 	 	75.47	 	 	 	5.40	 	 	 	64.69	 	 	 	140.16	 
	000870
	 	 	10/31/08	 	 	 	539.00	 	 	Carpet - Mr. Davids	 	P	 	SLMM	 	 	10 00	 	 	 	539.00	 	 	 	11/30/10	 	 	 	62.88	 	 	 	4.50	 	 	 	53.90	 	 	 	116.78	 
	000882
	 	 	11/30/08	 	 	 	1,381.81	 	 	Washers - HD Supply/Menart	 	P	 	SLMM	 	 	10 00	 	 	 	1,381.81	 	 	 	11/30/10	 	 	 	149.71	 	 	 	11.52	 	 	 	138.18	 	 	 	287.89	 
	000883
	 	 	11/30/08	 	 	 	3,163.00	 	 	Carpet - Mr. Davids	 	P	 	SLMM	 	 	10 00	 	 	 	3,163.00	 	 	 	11/30/10	 	 	 	342.67	 	 	 	26.36	 	 	 	316.30	 	 	 	658.97	 
	000884
	 	 	11/30/08	 	 	 	1,572.66	 	 	Computer -Dell	 	P	 	SLMM	 	 	05 00	 	 	 	1,572.66	 	 	 	11/30/10	 	 	 	340.74	 	 	 	26.22	 	 	 	314.53	 	 	 	655.27	 
	000898
	 	 	01/21/09	 	 	 	4,682.00	 	 	Carpet - Mr. Davids	 	P	 	SLMM	 	 	10 00	 	 	 	4,682.00	 	 	 	11/30/10	 	 	 	429.18	 	 	 	39.02	 	 	 	468.20	 	 	 	897.38	 
	000907
	 	 	02/28/09	 	 	 	4,035.57	 	 	Carpet - Mr. Davids/Custom C	 	P	 	SLMM	 	 	10 00	 	 	 	4,035.57	 	 	 	11/30/10	 	 	 	336.31	 	 	 	33.63	 	 	 	403.56	 	 	 	739.87	 
	000917
	 	 	03/31/09	 	 	 	2,796.20	 	 	Carpet/Tile - Appliance Carpe	 	P	 	SLMM	 	 	10 00	 	 	 	2,796.20	 	 	 	11/30/10	 	 	 	209.72	 	 	 	23.31	 	 	 	279.62	 	 	 	489.34	 
	000918
	 	 	03/31/09	 	 	 	750.00	 	 	Cabinets - CR Improvements	 	P	 	SLMM	 	 	10 00	 	 	 	750.00	 	 	 	11/30/10	 	 	 	56.25	 	 	 	6.25	 	 	 	75.00	 	 	 	131.25	 
	000924
	 	 	04/29/09	 	 	 	474.98	 	 	Re-upholster rockers - Stanis	 	P	 	SLMM	 	 	10 00	 	 	 	474.98	 	 	 	11/30/10	 	 	 	31.67	 	 	 	3.96	 	 	 	47.50	 	 	 	79.17	 
	000925
	 	 	04/29/09	 	 	 	493.21	 	 	Lighting system computer chi	 	P	 	SLMM	 	 	10 00	 	 	 	493.21	 	 	 	11/30/10	 	 	 	32.88	 	 	 	4.11	 	 	 	49.32	 	 	 	82.20	 
	000926
	 	 	04/29/09	 	 	 	391.79	 	 	Carpet - Custom Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	391.79	 	 	 	11/30/10	 	 	 	26.12	 	 	 	3.27	 	 	 	39.18	 	 	 	65.30	 
	000937
	 	 	05/13/09	 	 	 	1,246.50	 	 	Carpet - Custom Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	1,246.50	 	 	 	11/30/10	 	 	 	83.10	 	 	 	10.39	 	 	 	124.65	 	 	 	207.75	 
	000938
	 	 	05/20/09	 	 	 	2,499.01	 	 	Carpet Extractor - Direct Supl	 	P	 	SLMM	 	 	10 00	 	 	 	2,499.01	 	 	 	11/30/10	 	 	 	145.78	 	 	 	20.83	 	 	 	249.90	 	 	 	395.68	 
	000946
	 	 	06/30/09	 	 	 	1,764.03	 	 	Carpet - Custom Carpets	 	P	 	SLMM	 	 	10 00	 	 	 	1,764.03	 	 	 	11/30/10	 	 	 	88.20	 	 	 	14.70	 	 	 	176.40	 	 	 	264.60	 
	000958
	 	 	07/08/09	 	 	 	679.57	 	 	Carpet - Custom Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	679.57	 	 	 	11/30/10	 	 	 	33.98	 	 	 	5.67	 	 	 	67.96	 	 	 	101.94	 
	000959
	 	 	07/15/09	 	 	 	818.70	 	 	Computer server - Maplebroo	 	P	 	SLMM	 	 	05 00	 	 	 	818.70	 	 	 	11/30/10	 	 	 	0.00	 	 	 	13.65	 	 	 	163.74	 	 	 	163.74	 
	000970
	 	 	08/19/09	 	 	 	1,750.95	 	 	Carpet - Custom Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	1,750.95	 	 	 	11/30/10	 	 	 	58.37	 	 	 	14.60	 	 	 	175.10	 	 	 	233.47	 
	000983
	 	 	09/16/09	 	 	 	2,227.28	 	 	Washer/dryer/refrigerator - Hl	 	P	 	SLMM	 	 	10 00	 	 	 	2,227.28	 	 	 	11/30/10	 	 	 	55.68	 	 	 	18.57	 	 	 	222.73	 	 	 	278.41	 
	000984
	 	 	09/16/09	 	 	 	586.57	 	 	Boiler ignition - Neuco	 	P	 	SLMM	 	 	10 00	 	 	 	586.57	 	 	 	11/30/10	 	 	 	14.67	 	 	 	4.89	 	 	 	58.66	 	 	 	73.33	 
	000999
	 	 	10/28/09	 	 	 	3,616.51	 	 	Carpet - Custom Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	3,616.51	 	 	 	11/30/10	 	 	 	60.28	 	 	 	30.14	 	 	 	361.65	 	 	 	421.93	 
	001000
	 	 	10/19/09	 	 	 	1,042.61	 	 	Server configuration/software	 	P	 	SLMM	 	 	05 00	 	 	 	1,042.61	 	 	 	11/30/10	 	 	 	34.75	 	 	 	17.38	 	 	 	208.52	 	 	 	243.27	 
	001007
	 	 	11/12/09	 	 	 	578.97	 	 	Decorate guest room - Daniel	 	P	 	SLMM	 	 	10 00	 	 	 	578.97	 	 	 	11/30/10	 	 	 	9.65	 	 	 	4.83	 	 	 	57.90	 	 	 	67.55	 
	001023
	 	 	12/28/09	 	 	 	3,349.55	 	 	Carpet/tile - Custom Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	3,349.55	 	 	 	11/30/10	 	 	 	0.00	 	 	 	27.92	 	 	 	334.96	 	 	 	334.96	 
	001024
	 	 	12/28/09	 	 	 	494.46	 	 	Ballast - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	494.46	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.13	 	 	 	49.45	 	 	 	49.45	 
	001028
	 	 	01/14/10	 	 	 	1,408.70	 	 	Carpet - Custom Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	1,408.70	 	 	 	11/30/10	 	 	 	0.00	 	 	 	11.74	 	 	 	140.87	 	 	 	140.87	 
	001036
	 	 	02/17/10	 	 	 	1,984.14	 	 	2-way Radios - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	1,984.14	 	 	 	11/30/10	 	 	 	0.00	 	 	 	16.53	 	 	 	165.35	 	 	 	165.35	 
	001037
	 	 	02/24/10	 	 	 	4,663.13	 	 	Carpet - Custom Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	4,663.13	 	 	 	11/30/10	 	 	 	0.00	 	 	 	38.86	 	 	 	388.60	 	 	 	388.60	 
	001057
	 	 	03/31/10	 	 	 	1,039.58	 	 	Carpet - Custom Carpet	 	P	 	SLMM	 	 	10 00	 	 	 	1,039.58	 	 	 	11/30/10	 	 	 	0.00	 	 	 	8.66	 	 	 	77.97	 	 	 	77.97	 
	001059
	 	 	03/03/10	 	 	 	340.23	 	 	Office chairs - Staples	 	P	 	SLMM	 	 	10 00	 	 	 	340.23	 	 	 	11/30/10	 	 	 	0.00	 	 	 	2.84	 	 	 	28.35	 	 	 	28.35	 
	001060
	 	 	03/17/10	 	 	 	494.46	 	 	Ballast - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	494.46	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.12	 	 	 	37.09	 	 	 	37.09	 
	001077
	 	 	04/26/10	 	 	 	334.91	 	 	Blinds - HD Supply	 	P	 	SLMM	 	 	10 00	 	 	 	334.91	 	 	 	11/30/10	 	 	 	0.00	 	 	 	2.79	 	 	 	22.33	 	 	 	22.33	 
	001097
	 	 	05/13/10	 	 	 	494.46	 	 	Ballast - Grainger	 	P	 	SLMM	 	 	10 00	 	 	 	494.46	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.12	 	 	 	32.96	 	 	 	32.96	 

			
	 	 	 
	January 17, 2011 at 1:57 PM
	 	Page

 

 

SHP II/Pru JV-Depr /Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	 	Data	 	 	Value	 	 	Description	 	T	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Naperville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	001098	 	 	 	05/20/10	 	 	 	2,076.42	 	 	Plasma TV – Best Buy
	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	2,076.42	 	 	 	11/30/10	 	 	 	0.00	 	 	 	34.60	 	 	 	242.25	 	 	 	242.25	 
	 	001099	 	 	 	05/26/10	 	 	 	591.55	 	 	Desk – Villa Park Office
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	591.55	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.93	 	 	 	34.51	 	 	 	34.51	 
	 	001100	 	 	 	05/31/10	 	 	 	5,510.41	 	 	Carpet – Custom Carpet
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,510.41	 	 	 	11/30/10	 	 	 	0.00	 	 	 	45.92	 	 	 	321.44	 	 	 	321.44	 
	 	001101	 	 	 	05/31/10	 	 	 	309.95	 	 	Refrigerator – Menards
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	309.95	 	 	 	11/30/10	 	 	 	0.00	 	 	 	2.58	 	 	 	18.08	 	 	 	18.08	 
	 	001102	 	 	 	05/31/10	 	 	 	950.00	 	 	Check Scanner – Chase
	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	950.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	15.83	 	 	 	110.83	 	 	 	110.83	 
	 	001112	 	 	 	06/30/10	 	 	 	1,242.85	 	 	Network upgrade – Prairie Tec
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,242.85	 	 	 	11/30/10	 	 	 	0.00	 	 	 	10.35	 	 	 	62.14	 	 	 	62.14	 
	 	001114	 	 	 	12/31/10	 	 	 	6,643.48	 	 	Design fees for carpet
& logo
	 	P	 	 	 	NoDep	 	 	00 00	 	 	 	6,643.48	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	001116	 	 	 	06/30/10	 	 	 	9,409.24	 	 	Carpet & tile – Custom
Carpet
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	9,409.24	 	 	 	11/30/10	 	 	 	0.00	 	 	 	78.41	 	 	 	470.46	 	 	 	470.46	 
	 	001117	 	 	 	06/16/10	 	 	 	375.36	 	 	Projector – Tiger Direct
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	375.36	 	 	 	11/30/10	 	 	 	0.00	 	 	 	3.12	 	 	 	18.77	 	 	 	18.77	 
	 	001119	 	 	 	07/14/10	 	 	 	494.46	 	 	Ballast – Grainger
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	494.46	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.12	 	 	 	24.72	 	 	 	24.72	 
	 	001137	 	 	 	07/07/10	 	 	 	466.15	 	 	Blinds – HD Supply
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	466.15	 	 	 	11/30/10	 	 	 	0.00	 	 	 	3.89	 	 	 	23.31	 	 	 	23.31	 
	 	001138	 	 	 	07/28/10	 	 	 	772.05	 	 	Printers – Staples
	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	772.05	 	 	 	11/30/10	 	 	 	0.00	 	 	 	12.86	 	 	 	64.34	 	 	 	64.34	 
	 	001139	 	 	 	07/31/10	 	 	 	2,758.71	 	 	Carpet – Custom Carpet
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,758.71	 	 	 	11/30/10	 	 	 	0.00	 	 	 	22.99	 	 	 	114.95	 	 	 	114.95	 
	 	001140	 	 	 	12/31/10	 	 	 	6,367.52	 	 	Furniture for
lab/sales office –
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	6,367.52	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	001141	 	 	 	07/31/10	 	 	 	323.86	 	 	Waffle iron – US Foods
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	323.86	 	 	 	11/30/10	 	 	 	0.00	 	 	 	2.70	 	 	 	13.50	 	 	 	13.50	 
	 	001160	 	 	 	08/11/10	 	 	 	589.66	 	 	Common area
decorations – 1
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	589.66	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.92	 	 	 	24.57	 	 	 	24.57	 
	 	001161	 	 	 	08/31/10	 	 	 	8,380.17	 	 	Carpet – Custom
Carpet/JBI
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	8,380.17	 	 	 	11/30/10	 	 	 	0.00	 	 	 	69.83	 	 	 	279.34	 	 	 	279.34	 
	 	001162	 	 	 	08/31/10	 	 	 	1,903.73	 	 	Washer/refrigerators –
HD Fa
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,903.73	 	 	 	11/30/10	 	 	 	0.00	 	 	 	15.86	 	 	 	63.46	 	 	 	63.46	 
	 	001176	 	 	 	09/22/10	 	 	 	4,752.77	 	 	Carpet – Custom Carpet
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,752.77	 	 	 	11/30/10	 	 	 	0.00	 	 	 	39.60	 	 	 	118.82	 	 	 	118.82	 
	 	001190	 	 	 	10/27/10	 	 	 	7,091.35	 	 	Carpet – Custom Carpet
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	7,091.35	 	 	 	11/30/10	 	 	 	0.00	 	 	 	59.09	 	 	 	118.19	 	 	 	118.19	 
	 	001191	 	 	 	10/20/10	 	 	 	3,149.97	 	 	Computers for lab –
Best Buy
	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	3,149.97	 	 	 	11/30/10	 	 	 	0.00	 	 	 	52.50	 	 	 	105.00	 	 	 	105.00	 
	 	001201	 	 	 	11/30/10	 	 	 	68,831.65	 	 	Carpet – Custom Carpet
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	68,831.65	 	 	 	11/30/10	 	 	 	0.00	 	 	 	573.60	 	 	 	573.60	 	 	 	573.60	 
	 	001202	 	 	 	11/17/10	 	 	 	603.47	 	 	Computer server/router
for lal
	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	603.47	 	 	 	11/30/10	 	 	 	0.00	 	 	 	10.06	 	 	 	10.06	 	 	 	10.06	 
	 	001223	 	 	 	12/22/10	 	 	 	1,310.88	 	 	1st floor vinyl –
Custom Carpet
	 	P	 	 	 	NoDep	 	 	00 00	 	 	 	1,310.88	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	001224	 	 	 	12/31/10	 	 	 	3,771.70	 	 	Carpet – Custom Carpet
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,771.70	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	001225	 	 	 	12/31/10	 	 	 	512.56	 	 	Misc decorations for
sales off
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	512.56	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	001226	 	 	 	12/31/10	 	 	 	494.46	 	 	Ballast – Grainger
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	494.46	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	001227	 	 	 	12/31/10	 	 	 	1,024.33	 	 	Water pump – Apex
Industrial
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,024.33	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF
	 	 	357,903.94	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	357,903.94	 	 	 	 	 	 	 	52,247.73	 	 	 	2,853.44	 	 	 	24,052.33	 	 	 	76,300.06	 
	Less disposals and transfers 
Count = 0
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal 
Count = 179
	 	 	357,903.94	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	357,903.94	 	 	 	 	 	 	 	52,247.73	 	 	 	2,853.44	 	 	 	24,052.33	 	 	 	76,300.06	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LA
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000247	 	 	 	12/01/04	 	 	 	15,500,000.00	 	 	Land Acquisition
	 	R	 	 	 	NoDep	 	 	00 00	 	 	 	15,500,000.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	000248	 	 	 	12/01/04	 	 	 	(14,215,938.00	)	 	Land Acquisition
	 	R	 	 	 	NoDep	 	 	00 00	 	 	 	(14,215,938.00	)	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LA
	 	 	1,284,062.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,284,062.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Less disposals and transfers 
Count = 0
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal 
Count = 2
	 	1,284,062.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,284,062.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LI
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000240	 	 	 	07/31/05	 	 	 	6,820.00	 	 	Land Improvements
	 	R	 	 	 	SLMM	 	 	20 00	 	 	 	6,820.00	 	 	 	11/30/10	 	 	 	1,506.08	 	 	 	28.42	 	 	 	341.00	 	 	 	1,847.08	 
	 	000241	 	 	 	09/30/05	 	 	 	2,581.93	 	 	Land Improvements
	 	R	 	 	 	SLMM	 	 	20 00	 	 	 	2,581.93	 	 	 	11/30/10	 	 	 	548.69	 	 	 	10.76	 	 	 	129.10	 	 	 	677.79	 
	 	000242	 	 	 	11/30/05	 	 	 	1,465.00	 	 	Land Improvements
	 	R	 	 	 	SLMM	 	 	20 00	 	 	 	1,465.00	 	 	 	11/30/10	 	 	 	299.12	 	 	 	6.11	 	 	 	73.25	 	 	 	372.37	 
	 	000243	 	 	 	12/19/05	 	 	 	2,100.00	 	 	Land Improvements
	 	R	 	 	 	SLMM	 	 	20 00	 	 	 	2,100.00	 	 	 	11/30/10	 	 	 	420.00	 	 	 	8.75	 	 	 	105.00	 	 	 	525.00	 

	 	 	 
	January 17, 2011 at 1:57 PM	 	 
	 
	 	Page

 

 

 

SHP II/Pru JV-Depr /Corp4SpringM

Depreciation Expense Report 

As of
December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	 	Date	 	 	Value	 	 	Description	 	T	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Naperville	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LI
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000244	 	 	 	12/19/05	 	 	 	1,100.00	 	 	Land Improvements
	 	R	 	 	 	SLMM	 	 	20 00	 	 	 	1,100.00	 	 	 	11/30/10	 	 	 	220.00	 	 	 	4.59	 	 	 	55.00	 	 	 	275.00	 
	 	000245	 	 	 	08/31/06	 	 	 	5,698.00	 	 	Land Improvements
	 	R	 	 	 	SLMM	 	 	20 00	 	 	 	5,698.00	 	 	 	11/30/10	 	 	 	949.67	 	 	 	23.75	 	 	 	284.90	 	 	 	1,234.57	 
	 	000246	 	 	 	08/31/06	 	 	 	7,135.00	 	 	Land Improvements
	 	R	 	 	 	SLMM	 	 	20 00	 	 	 	7,135.00	 	 	 	11/30/10	 	 	 	1,189.18	 	 	 	29.73	 	 	 	356.75	 	 	 	1,545.93	 
	 	000621	 	 	 	04/30/07	 	 	 	502.45	 	 	Shrubs – Ed Heigt
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	502.45	 	 	 	11/30/10	 	 	 	134.00	 	 	 	4.19	 	 	 	50.25	 	 	 	184.25	 
	 	000622	 	 	 	04/30/07	 	 	 	475.00	 	 	Sign – Cutting Edge
Graphics
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	475.00	 	 	 	11/30/10	 	 	 	126.67	 	 	 	3.96	 	 	 	47.50	 	 	 	174.17	 
	 	000880	 	 	 	11/30/08	 	 	 	5,431.00	 	 	Seal/stripe pkg lot
– Maul Pav
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,431.00	 	 	 	11/30/10	 	 	 	588.37	 	 	 	45.26	 	 	 	543.10	 	 	 	1,131.47	 
	 	000923	 	 	 	06/10/09	 	 	 	8,800.00	 	 	Aluminum fence –
Paramount
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	8,800.00	 	 	 	11/30/10	 	 	 	513.33	 	 	 	73.34	 	 	 	880.00	 	 	 	1,393.33	 
	 	000956	 	 	 	07/29/09	 	 	 	5,431.00	 	 	Restripe/seal
parking lot – Ma
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,431.00	 	 	 	11/30/10	 	 	 	226.29	 	 	 	45.26	 	 	 	543.10	 	 	 	769.39	 
	 	000957	 	 	 	08/19/09	 	 	 	5,480.00	 	 	Patio awnings –
Undercover (
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,480.00	 	 	 	11/30/10	 	 	 	182.67	 	 	 	45.67	 	 	 	548.00	 	 	 	730.67	 
	 	001095	 	 	 	07/07/10	 	 	 	15,995.00	 	 	Front entrance
concrete – Sui
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	15,995.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	133.30	 	 	 	799.75	 	 	 	799.75	 
	 	001096	 	 	 	05/31/10	 	 	 	1,563.81	 	 	Signage –
Fastsigns/My Parki
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,563.81	 	 	 	11/30/10	 	 	 	0.00	 	 	 	13.03	 	 	 	91.22	 	 	 	91.22	 
	 	001118	 	 	 	06/30/10	 	 	 	4,226.06	 	 	Property sign –
Fast Signs
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,226.06	 	 	 	11/30/10	 	 	 	0.00	 	 	 	35.21	 	 	 	211.30	 	 	 	211.30	 
	 	001157	 	 	 	08/18/10	 	 	 	320.90	 	 	Perennial flowers –
Menards
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	320.90	 	 	 	11/30/10	 	 	 	0.00	 	 	 	2.67	 	 	 	10.70	 	 	 	10.70	 
	 	001175	 	 	 	09/08/10	 	 	 	2,932.96	 	 	Trees/containers –
Phillip’s
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,932.96	 	 	 	11/30/10	 	 	 	0.00	 	 	 	24.45	 	 	 	97.77	 	 	 	97.77	 
	 	001221	 	 	 	12/31/10	 	 	 	443.00	 	 	Property signage –
City Of Na
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	443.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LI
	 	 	78,501.11	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	78,501.11	 	 	 	 	 	 	 	6,904.07	 	 	 	538.45	 	 	 	5,167.69	 	 	 	12,071.76	 
	Less disposals
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	and transfers
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal
	 	 	78,501.11	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	78,501.11	 	 	 	 	 	 	 	6,904.07	 	 	 	538.45	 	 	 	5,167.69	 	 	 	12,071.76	 
	Count = 19
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location =
	 	 	16,240,967.55	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	16,240,967.55	 	 	 	 	 	 	 	1,949,077.27	 	 	 	35,571.96	 	 	 	414,645.83	 	 	 	2,363,723.10	 
	Naperville
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Less disposals
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	and transfers
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal
	 	 	16,240,967.55	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	16,240,967.55	 	 	 	 	 	 	 	1,949,077.27	 	 	 	35,571.96	 	 	 	414,645.83	 	 	 	2,363,723.10	 
	Count = 316
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grand Total
	 	 	16,240,967.55	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	16,240,967.55	 	 	 	 	 	 	 	1,949,077.27	 	 	 	35,571.96	 	 	 	414,645.83	 	 	 	2,363,723.10	 
	Less disposals
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	and transfers
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Grand Total
	 	 	16,240,967.55	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	16,240,967.55	 	 	 	 	 	 	 	1,949,077.27	 	 	 	35,571.96	 	 	 	414,645.83	 	 	 	2,363,723.10	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Count = 316
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 
	January 17, 2011 at 1:57 PM	 	 
	 
	 	Page

 

 

 

SHP II/Pru JV-Depr /Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In Svc	 	 	Acquired	 	 	 	 	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	 	Date	 	 	Value	 	 	Description	 	 	T	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Report Assumptions

Report Name: Depreciation Expense w/Descriptions

Source Report: Depreciation Expense

Calculation Assumptions:

Short Year none

Include Sec 168 Allowance & Sec 179: No 

Adjustment Convention: None

Group/Sorting Criteria:

Group = Naperville

Include Assets that meet the following conditions:

          Location is Naperville 

Sorted by: Location (with subtotals), Class (with subtotals), System No, Extension

	 	 	 
	January 17, 2011 at 1:57 PM	 	 
	 
	 	Page

 

 

 

SHP II/Pru JV-Amort/Prop4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In Svc	 	 	 	 	Acquired	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 	 	Key	 
	Sys No	 	 	Data	 	 	Description	 	Value	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 	 	Code	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = Z	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000008	 	 	 	05/01/06	 	 	Loan
Costs – Reli
	 	 	156,480.62	 	 	SLMM	 	 	07 00	 	 	 	156,480.62	 	 	 	11/30/10	 	 	 	81,966.06	 	 	 	1,862.87	 	 	 	22,354.38	 	 	 	104,320.44	 	 	 	 	 
	 	000009	 	 	 	05/01/06	 	 	Loan Costs – CSLC
	 	 	14,310.17	 	 	SLMM	 	 	07 00	 	 	 	14,310.17	 	 	 	11/30/10	 	 	 	7,495.80	 	 	 	170.36	 	 	 	2,044.31	 	 	 	9,540.11	 	 	 	 	 
	 	000013	 	 	 	05/01/06	 	 	Loan Costs – Alston
& Bin
	 	 	2,139.58	 	 	SLMM	 	 	07 00	 	 	 	2,139.58	 	 	 	11/30/10	 	 	 	1,120.75	 	 	 	25.48	 	 	 	305.66	 	 	 	1,426.41	 	 	 	 	 
	 	000017	 	 	 	04/01/07	 	 	Loan Costs – Alston
& Bin
	 	 	280.10	 	 	SLMM	 	 	06 01	 	 	 	280.10	 	 	 	11/30/10	 	 	 	126.61	 	 	 	3.84	 	 	 	46.04	 	 	 	172.65	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = Z
	 	 	173,210.47	 	 	 	 	 	 	 	 	 	 	 	173,210.47	 	 	 	 	 	 	 	90,709.22	 	 	 	2,062.55	 	 	 	24,750.39	 	 	 	115,459.61	 	 	 	 	 
	Less disposals and transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 
	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal
	 	 	173,210.47	 	 	 	 	 	 	 	 	 	 	 	173,210.47	 	 	 	 	 	 	 	90,709.22	 	 	 	2,062.55	 	 	 	24,750.39	 	 	 	115,459.61	 	 	 	 	 
	Count = 4
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = ZC	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000021	 	 	 	01/01/09	 	 	Jan09 Community Fees
	 	 	10,500.00	 	 	SLMM	 	 	01 00	 	 	 	10,500.00	 	 	 	11/30/10	 	 	 	10,500.00	 	 	 	0.00	 	 	 	0.00	 	 	 	10,500.00	 	 	 	 	 
	 	000024	 	 	 	02/01/09	 	 	Feb09 Community Fees
	 	 	1,500.00	 	 	SLMM	 	 	01 00	 	 	 	1,500.00	 	 	 	11/30/10	 	 	 	1,375.00	 	 	 	0.00	 	 	 	125.00	 	 	 	1,500.00	 	 	 	 	 
	 	000028	 	 	 	03/01/09	 	 	Mar09 Community Fees
	 	 	10,500.00	 	 	SLMM	 	 	01 00	 	 	 	10,500.00	 	 	 	11/30/10	 	 	 	8,750.00	 	 	 	0.00	 	 	 	1,750.00	 	 	 	10,500.00	 	 	 	 	 
	 	000031	 	 	 	04/01/09	 	 	Apr09 Community Fees
	 	 	3,000.00	 	 	SLMM	 	 	01 00	 	 	 	3,000.00	 	 	 	11/30/10	 	 	 	2,250.00	 	 	 	0.00	 	 	 	750.00	 	 	 	3,000.00	 	 	 	 	 
	 	000035	 	 	 	05/01/09	 	 	May09 Community Fees
	 	 	4,500.00	 	 	SLMM	 	 	01 00	 	 	 	4,500.00	 	 	 	11/30/10	 	 	 	3,000.00	 	 	 	0.00	 	 	 	1,500.00	 	 	 	4,500.00	 	 	 	 	 
	 	000040	 	 	 	06/01/09	 	 	Jun09 Community Fees
	 	 	10,500.00	 	 	SLMM	 	 	01 00	 	 	 	10,500.00	 	 	 	11/30/10	 	 	 	6,125.00	 	 	 	0.00	 	 	 	4,375.00	 	 	 	10,500.00	 	 	 	 	 
	 	000044	 	 	 	07/01/09	 	 	Jul09 Community Fees
	 	 	3,000.00	 	 	SLMM	 	 	01 00	 	 	 	3,000.00	 	 	 	11/30/10	 	 	 	1,500.00	 	 	 	0.00	 	 	 	1,500.00	 	 	 	3,000.00	 	 	 	 	 
	 	000048	 	 	 	08/01/09	 	 	Aug09 Community Fees
	 	 	3,000.00	 	 	SLMM	 	 	01 00	 	 	 	3,000.00	 	 	 	11/30/10	 	 	 	1,250.00	 	 	 	0.00	 	 	 	1,750.00	 	 	 	3,000.00	 	 	 	 	 
	 	000053	 	 	 	10/01/09	 	 	Oct09 Community Fees
	 	 	11,000.00	 	 	SLMM	 	 	01 00	 	 	 	11,000.00	 	 	 	11/30/10	 	 	 	2,750.00	 	 	 	0.00	 	 	 	8,250.00	 	 	 	11,000.00	 	 	 	 	 
	 	000057	 	 	 	11/01/09	 	 	Nov09 Community Fees
	 	 	7,500.00	 	 	SLMM	 	 	01 00	 	 	 	7,500.00	 	 	 	11/30/10	 	 	 	1,250.00	 	 	 	0.00	 	 	 	6,250.00	 	 	 	7,500.00	 	 	 	 	 
	 	000061	 	 	 	12/01/09	 	 	Dec09 Community Fees
	 	 	3,000.00	 	 	SLMM	 	 	01 00	 	 	 	3,000.00	 	 	 	11/30/10	 	 	 	250.00	 	 	 	0.00	 	 	 	2,750.00	 	 	 	3,000.00	 	 	 	 	 
	 	000065	 	 	 	01/01/10	 	 	Jan 10 Community Fees
	 	 	7,500.00	 	 	SLMM	 	 	01 00	 	 	 	7,500.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	625.00	 	 	 	7,500.00	 	 	 	7,500.00	 	 	 	 	 
	 	000068	 	 	 	02/01/10	 	 	Feb 10 Community Fees
	 	 	1,500.00	 	 	SLMM	 	 	01 00	 	 	 	1,500.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	125.00	 	 	 	1,375.00	 	 	 	1,375.00	 	 	 	 	 
	 	000071	 	 	 	03/01/10	 	 	Mar 10 Community Fees
	 	 	1,000.00	 	 	SLMM	 	 	01 00	 	 	 	1,000.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	83.34	 	 	 	833.33	 	 	 	833.33	 	 	 	 	 
	 	000076	 	 	 	05/01/10	 	 	May 10 Community Fees
	 	 	1,500.00	 	 	SLMM	 	 	01 00	 	 	 	1,500.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	125.00	 	 	 	1,000.00	 	 	 	1,000.00	 	 	 	 	 
	 	000079	 	 	 	06/01/10	 	 	Jun 10 Community Fees
	 	 	7,500.00	 	 	SLMM	 	 	01 00	 	 	 	7,500.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	625.00	 	 	 	4,375.00	 	 	 	4,375.00	 	 	 	 	 
	 	000082	 	 	 	07/01/10	 	 	Jul 10 Community Fees
	 	 	4,500.00	 	 	SLMM	 	 	01 00	 	 	 	4,500.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	375.00	 	 	 	2,250.00	 	 	 	2,250.00	 	 	 	 	 
	 	000084	 	 	 	08/01/10	 	 	Aug 10 Community Fees
	 	 	6,000.00	 	 	SLMM	 	 	01 00	 	 	 	6,000.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	500.00	 	 	 	2,500.00	 	 	 	2,500.00	 	 	 	 	 
	 	000088	 	 	 	09/01/10	 	 	Sep 10 Community Fees
	 	 	6,000.00	 	 	SLMM	 	 	01 00	 	 	 	6,000.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	500.00	 	 	 	2,000.00	 	 	 	2,000.00	 	 	 	 	 
	 	000092	 	 	 	10/01/10	 	 	Oct 10 Community Fees
	 	 	4,500.00	 	 	SLMM	 	 	01 00	 	 	 	4,500.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	375.00	 	 	 	1,125.00	 	 	 	1,125.00	 	 	 	 	 
	 	000096	 	 	 	11/01/10	 	 	Nov 10 Community Fees
	 	 	7,465.00	 	 	SLMM	 	 	01 00	 	 	 	7,465.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	622.09	 	 	 	1,244.17	 	 	 	1,244.17	 	 	 	 	 
	 	000099	 	 	 	12/01/10	 	 	Dec 10 Community Fees
	 	 	12,000.00	 	 	SLMM	 	 	01 00	 	 	 	12,000.00	 	 	 	 	 	 	 	0.00	 	 	 	1,000.00	 	 	 	1,000.00	 	 	 	1,000.00	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = ZC
	 	 	127,465.00	 	 	 	 	 	 	 	 	 	 	 	127,465.00	 	 	 	 	 	 	 	39,000.00	 	 	 	4,955.43	 	 	 	54,202.50	 	 	 	93,202.50	 	 	 	 	 
	Less disposals and transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 
	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal
	 	 	127,465.00	 	 	 	 	 	 	 	 	 	 	 	127,465.00	 	 	 	 	 	 	 	39,000.00	 	 	 	4,955.43	 	 	 	54,202.50	 	 	 	93,202.50	 	 	 	 	 
	Count = 22
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grand Total
	 	 	300,675.47	 	 	 	 	 	 	 	 	 	 	 	300,675.47	 	 	 	 	 	 	 	129,709.22	 	 	 	7,017.98	 	 	 	78,952.89	 	 	 	208,662.11	 	 	 	 	 
	Less disposals and transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 
	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Grand Total
	 	 	300,675.47	 	 	 	 	 	 	 	 	 	 	 	300,675.47	 	 	 	 	 	 	 	129,709.22	 	 	 	7,017.98	 	 	 	78,952.89	 	 	 	208,662.11	 	 	 	 	 
	Count = 26
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 
	January 17, 2011 at 1:25 PM	 	 
	 
	 	Page 1

 

 

 

SHP II/Pru JV-Amort/Prop4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In Syc	 	 	 	 	 	 	Acquired	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 	 	Key	 
	Sys No	 	 	Date	 	 	Description	 	 	Value	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 	 	Code	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Report Assumptions

Report
Name: Depreciation Expense-w/Description

Source Report: Depreciation Expense

Calculation Assumptions:

Short Year: none

Include Sec 168 Allowance & Sec 179: No 

Adjustment Convention: None

Key Codes:

	 	a:	 	 A depreciation adjustment amount is included in the reporting period.
	 
	 	b:	 	 The asset’s business-use percentage is less than 100%.
	 
	 	d:	 	 The asset has been disposed.
	 
	 	f:	 	 The asset has switched from a MACRS table calculation to the MACRS formula calculation.
	 
	 	l:	 	 The asset’s depreciation has been limited by luxury auto rules.
	 
	 	m:	 	 The asset’s depreciation was calculated using the mid-quarter convention.
	 
	 	r:	 	 The asset’s acquired value was reduced to arrive at the depreciable basis.
	 
	 	s:	 	 The asset has switched from declining-balance to a straight-line.
	 
	 	t:	 	 The asset was transferred.
	 
	 	v:	 	 The asset has switched to remaining value over remaining life due to ACE.

Group/Sorting Criteria:

Group = Naperville 

Include Assets that meet the following conditions:

          Location is Naperville

Sorted by: Class (with subtotals), System No, Extension

	 	 	 
	January 17, 2011 at 1:25 PM	 	 
	 
	 	Page 2

 

 

 

SHP II/Pru JV-Amort/Prop4SpringM

Annual Activity Report

For the fiscal year ended December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Current Year	 	 	Current Year	 	 	Current Year	 	 	Current Year	 	 	 	 
	Sys No	 	Ext Co Asset No	 	G/L Asset Acct No	 	 	Beginning Cost	 	 	Acquisitions	 	 	Transfers-In	 	 	Transfers-Out	 	 	Dispositions	 	 	Ending Cost	 
	Class = Z	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	Summary of Assets w/no Activity	 	$	173,210.47	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	$	173,210.47	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	Class = Z	 	$	173,210.47	 	 	$	0.00	 	 	$	0.00	 	 	$	0.00	 	 	$	0.00	 	 	$	173,210.47	 
	 	 	 
	 	Count = 4	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = ZC	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000065	 	Jan 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	7,500.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	7,500.00	 
	000068	 	Feb 10 Community fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	1,500.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	1,500.00	 
	000071	 	Mar 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	1,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	1,000.00	 
	000076	 	May 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	1,500.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	1,500.00	 
	000079	 	Jun 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	7,500.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	7,500.00	 
	000082	 	Jul 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	4,500.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	4,500.00	 
	000084	 	Aug 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	6,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	6,000.00	 
	000088	 	Sep 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	6,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	6,000.00	 
	000092	 	Oct 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	4,500.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	4,500.00	 
	000096	 	Nov 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	7,465.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	7,465.00	 
	000099	 	Dec 10 Community Fees
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	000
	 	 	 	 	 	 	0.00	 	 	 	12,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	12,000.00	 
	 	 	 
	 	Summary of Assets w/no Activity	 	$	68,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	$	68,000.00	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	Class = ZC	 	$	68,000.00	 	 	$	59,465.00	 	 	$	0.00	 	 	$	0.00	 	 	$	0.00	 	 	$	127,465.00	 
	 	 	 
	 	Count = 22	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	Summary of Assets w/no Activity	 	$	241,210.47	 	 	$	0.00	 	 	$	0.00	 	 	$	0.00	 	 	$	0.00	 	 	$	241,210.47	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	Count = 15	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	Grand Total	 	$	241,210.47	 	 	$	59,465.00	 	 	$	0.00	 	 	$	0.00	 	 	$	0.00	 	 	$	300,675.47	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	Count = 26	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Report Assumptions

	 	 	 	 	 
	Report Name: Annual Activity
	 	 	 	 
	Source Report: <Standard Report>
	 	 	 	 
	 
	 	 	 	 
	Calculation Assumptions:
	 	 	 	 
	Short Year: none
	 	 	 	 
	 
	 	 	 	 
	Group/Sorting Criteria:
	 	 	 	 
	Group = Naperville
	 	 	 	 
	Include Assets that meet the following conditions:
	 	 	 	 
	Location is Naperville
	 	 	 	 
	Sorted by: Class (with subtotals), System No, Extension
	 	 	 	 

	 	 	 
	January 17, 2011 at 1:26 PM

	 	Page 1

 

 

 

EXHIBIT D-3

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Summit
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000138
	 	 	10/19/06	 	 	 	1,749.00	 	 	Buildings	 	P	 	SLMM	 	 	10 00	 	 	 	1,749.00	 	 	 	11/30/10	 	 	 	553.85	 	 	 	14.58	 	 	 	174.90	 	 	 	728.75	 
	000139
	 	 	12/31/06	 	 	 	2,200.00	 	 	Buildings	 	P	 	SLMM	 	 	10 00	 	 	 	2,200.00	 	 	 	11/30/10	 	 	 	660.00	 	 	 	18.34	 	 	 	220.00	 	 	 	880.00	 
	000628
	 	 	04/19/07	 	 	 	1,735.20	 	 	Shower Drain Unit 226 - A. J.	 	P	 	SLMM	 	 	10 00	 	 	 	1,735.20	 	 	 	11/30/10	 	 	 	462.72	 	 	 	14.46	 	 	 	173.52	 	 	 	636.24	 
	000640
	 	 	06/30/07	 	 	 	1,947.70	 	 	Replace backflow, spray & ro	 	P	 	SLMM	 	 	10 00	 	 	 	1,947.70	 	 	 	11/30/10	 	 	 	486.93	 	 	 	16.24	 	 	 	194.77	 	 	 	681.70	 
	000656
	 	 	07/17/07	 	 	 	955.00	 	 	Hot Water Recirculating Line	 	P	 	SLMM	 	 	10 00	 	 	 	955.00	 	 	 	11/30/10	 	 	 	230.79	 	 	 	7.96	 	 	 	95.50	 	 	 	326.29	 
	000672
	 	 	09/18/07	 	 	 	1,093.30	 	 	Automatic Front Door - Easte	 	P	 	SLMM	 	 	10 00	 	 	 	1,093.30	 	 	 	11/30/10	 	 	 	245.99	 	 	 	9.12	 	 	 	109.33	 	 	 	355.32	 
	000673
	 	 	09/30/07	 	 	 	2,550.35	 	 	A/C Compressor - Valairco, Ir	 	P	 	SLMM	 	 	10 00	 	 	 	2,550.35	 	 	 	11/30/10	 	 	 	573.84	 	 	 	21.26	 	 	 	255.04	 	 	 	828.88	 
	000676
	 	 	09/18/07	 	 	 	5,180.25	 	 	A/C Circuit Boards & Compre	 	P	 	SLMM	 	 	10 00	 	 	 	5,180.25	 	 	 	11/30/10	 	 	 	1,165.58	 	 	 	43.17	 	 	 	518.03	 	 	 	1,683.61	 
	000711
	 	 	10/31/07	 	 	 	2,529.00	 	 	Outlets/Emergency ballasts -	 	P	 	SLMM	 	 	10 00	 	 	 	2,529.00	 	 	 	11/30/10	 	 	 	547.95	 	 	 	21.08	 	 	 	252.90	 	 	 	800.85	 
	000739
	 	 	12/31/07	 	 	 	2,387.00	 	 	Ballastic Emg Lights	 	P	 	SLMM	 	 	10 00	 	 	 	2,387.00	 	 	 	11/30/10	 	 	 	477.40	 	 	 	19.90	 	 	 	238.70	 	 	 	716.10	 
	000740
	 	 	12/31/07	 	 	 	1,618.83	 	 	Carpet/Vinyl	 	P	 	SLMM	 	 	10 00	 	 	 	1,618.83	 	 	 	11/30/10	 	 	 	323.76	 	 	 	13.49	 	 	 	161.88	 	 	 	485.64	 
	000741
	 	 	12/31/07	 	 	 	7,859.51	 	 	Fences	 	P	 	SLMM	 	 	10 00	 	 	 	7,859.51	 	 	 	11/30/10	 	 	 	1,571.90	 	 	 	65.50	 	 	 	785.95	 	 	 	2,357.85	 
	000757
	 	 	05/21/08	 	 	 	40,874.00	 	 	Paint Interior all levels - Star l	 	P	 	SLMM	 	 	10 00	 	 	 	40,874.00	 	 	 	11/30/10	 	 	 	6,471.72	 	 	 	340.62	 	 	 	4,087.40	 	 	 	10,559.12	 
	000762
	 	 	03/31/08	 	 	 	1,789.57	 	 	Apartment Shower Drain - AJ	 	P	 	SLMM	 	 	10 00	 	 	 	1,789.57	 	 	 	11/30/10	 	 	 	313.18	 	 	 	14.92	 	 	 	178.96	 	 	 	492.14	 
	000763
	 	 	03/31/08	 	 	 	2,845.30	 	 	Hot Water Pump w/cooper p	 	P	 	SLMM	 	 	10 00	 	 	 	2,845.30	 	 	 	11/30/10	 	 	 	497.93	 	 	 	23.72	 	 	 	284.53	 	 	 	782.46	 
	000765
	 	 	01/01/09	 	 	 	1,562.50	 	 	2 Amana PTAC Units -Valair	 	P	 	SLMM	 	 	10 00	 	 	 	1,562.50	 	 	 	11/30/10	 	 	 	156.25	 	 	 	13.03	 	 	 	156.25	 	 	 	312.50	 
	000789
	 	 	04/22/08	 	 	 	1,562.50	 	 	Amana PTAC Unit - Valairco	 	P	 	SLMM	 	 	10 00	 	 	 	1,562.50	 	 	 	11/30/10	 	 	 	260.42	 	 	 	13.03	 	 	 	156.25	 	 	 	416.67	 
	000790
	 	 	04/22/08	 	 	 	2,187.00	 	 	Shower Drain Unit 222- A. J.	 	P	 	SLMM	 	 	10 00	 	 	 	2,187.00	 	 	 	11/30/10	 	 	 	364.50	 	 	 	18.23	 	 	 	218.70	 	 	 	583.20	 
	000796
	 	 	05/21/08	 	 	 	350.33	 	 	3 Door Transmitters - Ciscor	 	P	 	SLMM	 	 	10 00	 	 	 	350.33	 	 	 	11/30/10	 	 	 	55.48	 	 	 	2.92	 	 	 	35.03	 	 	 	90.51	 
	000797
	 	 	05/31/08	 	 	 	818.00	 	 	Rework Apt 222 Correct Con	 	P	 	SLMM	 	 	10 00	 	 	 	818.00	 	 	 	11/30/10	 	 	 	129.52	 	 	 	6.82	 	 	 	81.80	 	 	 	211.32	 
	000807
	 	 	06/30/08	 	 	 	1,530.40	 	 	Rework Construction Issues -	 	P	 	SLMM	 	 	10 00	 	 	 	1,530.40	 	 	 	11/30/10	 	 	 	229.56	 	 	 	12.76	 	 	 	153.04	 	 	 	382.60	 
	000808
	 	 	06/30/08	 	 	 	1,562.50	 	 	PTAC Unit -Valairco, Inc.	 	P	 	SLMM	 	 	10 00	 	 	 	1,562.50	 	 	 	11/30/10	 	 	 	234.38	 	 	 	13.03	 	 	 	156.25	 	 	 	390.63	 
	000822
	 	 	07/16/08	 	 	 	3,265.11	 	 	Rework Original Construction	 	P	 	SLMM	 	 	10 00	 	 	 	3,265.11	 	 	 	11/30/10	 	 	 	462.57	 	 	 	27.21	 	 	 	326.51	 	 	 	789.08	 
	000823
	 	 	07/16/08	 	 	 	629.14	 	 	Smoke Detector Relay - AES	 	P	 	SLMM	 	 	10 00	 	 	 	629.14	 	 	 	11/30/10	 	 	 	89.13	 	 	 	5.25	 	 	 	62.91	 	 	 	152.04	 
	000824
	 	 	07/31/08	 	 	 	3,456.40	 	 	2 PTAC Units & 6 PTAC Boa	 	P	 	SLMM	 	 	10 00	 	 	 	3,456.40	 	 	 	11/30/10	 	 	 	489.66	 	 	 	28.81	 	 	 	345.64	 	 	 	835.30	 
	000830
	 	 	08/27/08	 	 	 	1,659.38	 	 	Troubleshoot/Repair Magneti	 	P	 	SLMM	 	 	10 00	 	 	 	1,659.38	 	 	 	11/30/10	 	 	 	221.25	 	 	 	13.83	 	 	 	165.94	 	 	 	387.19	 
	000831
	 	 	08/31/08	 	 	 	216.14	 	 	Rework wiring - Valairco	 	P	 	SLMM	 	 	10 00	 	 	 	216.14	 	 	 	11/30/10	 	 	 	28.82	 	 	 	1.81	 	 	 	21.61	 	 	 	50.43	 
	000832
	 	 	08/20/08	 	 	 	1,937.40	 	 	Replace Boiler Mixing Valve -	 	P	 	SLMM	 	 	10 00	 	 	 	1,937.40	 	 	 	11/30/10	 	 	 	258.32	 	 	 	16.15	 	 	 	193.74	 	 	 	452.06	 
	000845
	 	 	09/30/08	 	 	 	2,495.00	 	 	Root Cricket With Membrane	 	P	 	SLMM	 	 	10 00	 	 	 	2,495.00	 	 	 	11/30/10	 	 	 	311.88	 	 	 	20.80	 	 	 	249.50	 	 	 	561.38	 
	000862
	 	 	10/31/08	 	 	 	3,196.36	 	 	2 Combustin Draft Motors HV	 	P	 	SLMM	 	 	10 00	 	 	 	3,196.36	 	 	 	11/30/10	 	 	 	372.91	 	 	 	26.64	 	 	 	319.64	 	 	 	692.55	 
	000877
	 	 	11/30/08	 	 	 	1,562.50	 	 	1 PTAC Unit - Valairco	 	P	 	SLMM	 	 	10 00	 	 	 	1,562.50	 	 	 	11/30/10	 	 	 	169.27	 	 	 	13.03	 	 	 	156.25	 	 	 	325.52	 
	000889
	 	 	12/17/08	 	 	 	1,575.26	 	 	Reset Original Construction c	 	P	 	SLMM	 	 	10 00	 	 	 	1,575.26	 	 	 	11/30/10	 	 	 	157.53	 	 	 	13.13	 	 	 	157.53	 	 	 	315.06	 
	000890
	 	 	12/31/08	 	 	 	1,562.50	 	 	1 PTAC Unit - Valairco	 	P	 	SLMM	 	 	10 00	 	 	 	1,562.50	 	 	 	11/30/10	 	 	 	156.25	 	 	 	13.03	 	 	 	156.25	 	 	 	312.50	 
	000901
	 	 	02/28/09	 	 	 	600.00	 	 	3 Rooftop Exhaust Ventilator	 	P	 	SLMM	 	 	10 00	 	 	 	600.00	 	 	 	11/30/10	 	 	 	50.00	 	 	 	5.00	 	 	 	60.00	 	 	 	110.00	 
	000912
	 	03/25/09	 	 	600.00	 	 	3 Rooftop Exhaust Ventilator	 	P	 	SLMM	 	 	10 00	 	 	 	600.00	 	 	 	11/30/10	 	 	 	45.00	 	 	 	5.00	 	 	 	60.00	 	 	 	105.00	 
	000945
	 	 	06/30/09	 	 	 	6,108.40	 	 	Rework Original Construction	 	P	 	SLMM	 	 	10 00	 	 	 	6,108.40	 	 	 	11/30/10	 	 	 	305.42	 	 	 	50.91	 	 	 	610.84	 	 	 	916.26	 
	000951
	 	 	07/08/09	 	 	 	3,450.00	 	 	Rework Original Construction	 	P	 	SLMM	 	 	10 00	 	 	 	3,450.00	 	 	 	11/30/10	 	 	 	172.50	 	 	 	28.75	 	 	 	345.00	 	 	 	517.50	 
	000969
	 	 	08/31/09	 	 	 	11,444.72	 	 	PTAC Control Boards & PTA	 	P	 	SLMM	 	 	10 00	 	 	 	11,444.72	 	 	 	11/30/10	 	 	 	381.49	 	 	 	95.38	 	 	 	1,144.47	 	 	 	1,525.96	 
	000978
	 	 	09/09/09	 	 	 	3,639.87	 	 	6 Wall AC Controllers & Rela	 	P	 	SLMM	 	 	10 00	 	 	 	3,639.87	 	 	 	11/30/10	 	 	 	121.33	 	 	 	30.34	 	 	 	363.99	 	 	 	485.32	 
	000979
	 	 	09/09/09	 	 	 	2,657.40	 	 	Pump & Flange Boiler - A. J.	 	P	 	SLMM	 	 	10 00	 	 	 	2,657.40	 	 	 	11/30/10	 	 	 	88.58	 	 	 	22.15	 	 	 	265.74	 	 	 	354.32	 
	000980
	 	 	09/09/09	 	 	 	2,236.00	 	 	3 phase 200 amp fused disco	 	P	 	SLMM	 	 	10 00	 	 	 	2,236.00	 	 	 	11/30/10	 	 	 	74.53	 	 	 	18.64	 	 	 	223.60	 	 	 	298.13	 
	000990
	 	 	10/31/09	 	 	 	3,008.58	 	 	Rework Original Construction	 	P	 	SLMM	 	 	10 00	 	 	 	3,008.58	 	 	 	11/30/10	 	 	 	50.14	 	 	 	25.08	 	 	 	300.86	 	 	 	351.00	 
	000991
	 	 	10/14/09	 	 	 	2,025.00	 	 	Exit Signs - Diverse Electric	 	P	 	SLMM	 	 	10 00	 	 	 	2,025.00	 	 	 	11/30/10	 	 	 	50.63	 	 	 	16.88	 	 	 	202.50	 	 	 	253.13	 
	000992
	 	 	10/31/09	 	 	 	5,542.60	 	 	5 PTAC Units - Hughes Engir	 	P	 	SLMM	 	 	10 00	 	 	 	5,542.50	 	 	 	11/30/10	 	 	 	92.39	 	 	 	46.19	 	 	 	554.26	 	 	 	646.65	 
	001005
	 	 	11/11/09	 	 	 	550.00	 	 	Replace Sheetrock from inco	 	P	 	SLMM	 	 	10 00	 	 	 	550.00	 	 	 	11/30/10	 	 	 	9.17	 	 	 	4.59	 	 	 	55.00	 	 	 	64.17	 
	001015
	 	 	12/30/09	 	 	 	3,654.90	 	 	Reroute Kitchen Piping to me	 	P	 	SLMM	 	 	10 00	 	 	 	3,654.90	 	 	 	11/30/10	 	 	 	0.00	 	 	 	30.46	 	 	 	365.49	 	 	 	365.49	 
	001016
	 	 	12/16/09	 	 	 	1,840.40	 	 	6 PTAC Control Boards - hug	 	P	 	SLMM	 	 	10 00	 	 	 	1,840.40	 	 	 	11/30/10	 	 	 	0.00	 	 	 	15.34	 	 	 	184.04	 	 	 	184.04	 
	001017
	 	 	12/31/09	 	 	 	4,446.02	 	 	Makeup Air Unit - Hughes En	 	P	 	SLMM	 	 	10 00	 	 	 	4,446.02	 	 	 	11/30/10	 	 	 	0.00	 	 	 	37.05	 	 	 	444.60	 	 	 	444.60	 
	001038
	 	 	02/17/10	 	 	 	1,546.50	 	 	Rework Original Construction	 	P	 	SLMM	 	 	10 00	 	 	 	1,546.50	 	 	 	11/30/10	 	 	 	0.00	 	 	 	12.88	 	 	 	128.88	 	 	 	128.88	 
	001039
	 	 	02/24/10	 	 	 	746.62	 	 	HVAC Blower Motor - Hughe	 	P	 	SLMM	 	 	10 00	 	 	 	746.62	 	 	 	11/30/10	 	 	 	0.00	 	 	 	6.22	 	 	 	62.22	 	 	 	62.22	 

	 	 	 
	January 14, 2011 at 9:38 AM

	 	Page 1

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	 	Date	 	 	Value	 	 	Description	 	T	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	Location = Summit	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	001068	 	 	 	04/28/10	 	 	 	3,275.49	 	 	Shower-Tiolet Rework fr Orig
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,275.49	 	 	 	11/30/10	 	 	 	0.00	 	 	 	27.29	 	 	 	218.37	 	 	 	218.37	 
	 	001109	 	 	 	06/09/10	 	 	 	1,150.31	 	 	Motor & Starter on Exhaust F
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,150.31	 	 	 	11/30/10	 	 	 	0.00	 	 	 	9.59	 	 	 	67.10	 	 	 	67.10	 
	 	001110	 	 	 	06/09/10	 	 	 	8,974.09	 	 	PTAC Units - Hughes Engine
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	8,974.09	 	 	 	11/30/10	 	 	 	0.00	 	 	 	74.79	 	 	 	523.49	 	 	 	523.49	 
	 	001127	 	 	 	07/07/10	 	 	 	1,855.68	 	 	Shower Drains - AJ Oldroyd F
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,855.68	 	 	 	11/30/10	 	 	 	0.00	 	 	 	15.47	 	 	 	92.78	 	 	 	92.78	 
	 	001129	 	 	 	07/07/10	 	 	 	910.50	 	 	Pot
Sink Faucet - AJ Oldroyd
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	910.50	 	 	 	11/30/10	 	 	 	0.00	 	 	 	7.59	 	 	 	45.53	 	 	 	45.53	 
	 	001131	 	 	 	07/31/10	 	 	 	2,942.50	 	 	Entry Door Levers - Colline B
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,942.50	 	 	 	11/30/10	 	 	 	0.00	 	 	 	24.52	 	 	 	122.61	 	 	 	122.61	 
	 	001171	 	 	 	09/08/10	 	 	 	1,710.00	 	 	Emergency Lighting - Diverse
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,710.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	14.25	 	 	 	57.00	 	 	 	57.00	 
	 	001181	 	 	 	10/06/10	 	 	 	1,671.32	 	 	Economizer Motor & Swivel L
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,671.32	 	 	 	11/30/10	 	 	 	0.00	 	 	 	13.93	 	 	 	41.78	 	 	 	41.78	 
	 	001218	 	 	 	12/31/10	 	 	 	7,898.90	 	 	Heat Exchanger - Hughes En
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	7,898.90	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B	 	 	192,928.23	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	192,928.23	 	 	 	 	 	 	 	20,172.42	 	 	 	1,542.16	 	 	 	17,384.40	 	 	 	37,556.82	 
	Less disposals
and transfers
Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	192,928.23	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	192,928.23	 	 	 	 	 	 	 	20,172.42	 	 	 	1,542.16	 	 	 	17,384.40	 	 	 	37,556.82	 
	Count = 59	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = BA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000140	 	 	 	12/01/04	 	 	 	12,811,644.00	 	 	Building Acquisition
	 	 	R	 	 	SLMM	 	 	40 00	 	 	 	12,811,644.00	 	 	 	11/30/10	 	 	 	1,628,146.43	 	 	 	26,690.93	 	 	 	320,291.10	 	 	 	1,948,437.53	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = BA	 	 	12,811,644.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	12,811,644.00	 	 	 	 	 	 	 	1,628,146.43	 	 	 	26,690.93	 	 	 	320,291.10	 	 	 	1,948,437.53	 
	Less disposals
and 

transfers

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	12,811,644.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	12,811,644.00	 	 	 	 	 	 	 	1,628,146.43	 	 	 	26,690.93	 	 	 	320,291.10	 	 	 	1,948,437.53	 
	Count = 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000211	 	 	 	02/28/05	 	 	 	1,164.67	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,164.67	 	 	 	11/30/10	 	 	 	562.94	 	 	 	9.71	 	 	 	116.47	 	 	 	679.41	 
	 	000212	 	 	 	03/31/05	 	 	 	635.98	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	635.98	 	 	 	11/30/10	 	 	 	302.11	 	 	 	5.30	 	 	 	63.60	 	 	 	365.71	 
	 	000213	 	 	 	04/19/05	 	 	 	668.86	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	668.86	 	 	 	11/30/10	 	 	 	312.15	 	 	 	5.58	 	 	 	66.89	 	 	 	379.04	 
	 	000214	 	 	 	05/19/05	 	 	 	3,994.08	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,994.08	 	 	 	11/30/10	 	 	 	1,830.63	 	 	 	33.29	 	 	 	399.41	 	 	 	2,230.04	 
	 	000215	 	 	 	05/31/05	 	 	 	1,076.96	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,076.96	 	 	 	11/30/10	 	 	 	493.62	 	 	 	8.98	 	 	 	107.70	 	 	 	601.32	 
	 	000216	 	 	 	06/30/05	 	 	 	6,574.65	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	6,574.65	 	 	 	11/30/10	 	 	 	2,958.61	 	 	 	54.79	 	 	 	657.47	 	 	 	3,616.08	 
	 	000217	 	 	 	07/18/05	 	 	 	6,760.15	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	6,760.15	 	 	 	11/30/10	 	 	 	2,985.75	 	 	 	56.34	 	 	 	676.02	 	 	 	3,661.77	 
	 	000218	 	 	 	07/27/05	 	 	 	4,087.00	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,087.00	 	 	 	11/30/10	 	 	 	1,805.09	 	 	 	34.06	 	 	 	408.70	 	 	 	2,213.79	 
	 	000219	 	 	 	08/18/05	 	 	 	3,623.00	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,623.00	 	 	 	11/30/10	 	 	 	1,569.97	 	 	 	30.20	 	 	 	362.30	 	 	 	1,932.27	 
	 	000220	 	 	 	08/31/05	 	 	 	1,172.70	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,172.70	 	 	 	11/30/10	 	 	 	508.17	 	 	 	9.78	 	 	 	117.27	 	 	 	625.44	 
	 	000221	 	 	 	09/16/05	 	 	 	206.67	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	206.67	 	 	 	11/30/10	 	 	 	87.85	 	 	 	1.73	 	 	 	20.67	 	 	 	108.52	 
	 	000222	 	 	 	09/16/05	 	 	 	1,869.71	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,869.71	 	 	 	11/30/10	 	 	 	794.62	 	 	 	15.59	 	 	 	186.97	 	 	 	981.59	 
	 	000223	 	 	 	09/16/05	 	 	 	603.98	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	603.98	 	 	 	11/30/10	 	 	 	256.70	 	 	 	5.04	 	 	 	60.40	 	 	 	317.10	 
	 	000224	 	 	 	09/16/05	 	 	 	2,985.41	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,985.41	 	 	 	11/30/10	 	 	 	1,268.81	 	 	 	24.88	 	 	 	298.54	 	 	 	1,567.35	 
	 	000225	 	 	 	09/30/05	 	 	 	200.00	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	200.00	 	 	 	11/30/10	 	 	 	85.00	 	 	 	1.67	 	 	 	20.00	 	 	 	105.00	 
	 	000226	 	 	 	10/19/05	 	 	 	941.28	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	941.28	 	 	 	11/30/10	 	 	 	392.21	 	 	 	7.85	 	 	 	94.13	 	 	 	486.34	 
	 	000227	 	 	 	11/16/05	 	 	 	4,860.00	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,860.00	 	 	 	11/30/10	 	 	 	1,984.50	 	 	 	40.50	 	 	 	486.00	 	 	 	2,470.50	 
	 	000228	 	 	 	11/30/05	 	 	 	1,030.00	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,030.00	 	 	 	11/30/10	 	 	 	420.58	 	 	 	8.59	 	 	 	103.00	 	 	 	523.58	 
	 	000229	 	 	 	01/31/06	 	 	 	3,121.70	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,121.70	 	 	 	11/30/10	 	 	 	1,222.67	 	 	 	26.02	 	 	 	312.17	 	 	 	1,534.84	 
	 	000230	 	 	 	03/31/06	 	 	 	8,755.60	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	8,755.60	 	 	 	11/30/10	 	 	 	3,283.35	 	 	 	72.97	 	 	 	875.55	 	 	 	4,158.91	 
	 	000231	 	 	 	03/31/06	 	 	 	908.00	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	908.00	 	 	 	11/30/10	 	 	 	340.50	 	 	 	7.57	 	 	 	90.80	 	 	 	431.30	 
	 	000232	 	 	 	03/31/06	 	 	 	1,144.80	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,144.80	 	 	 	11/30/10	 	 	 	429.31	 	 	 	9.54	 	 	 	114.48	 	 	 	543.79	 
	 	000233	 	 	 	03/31/06	 	 	 	2,924.54	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,924.54	 	 	 	11/30/10	 	 	 	1,096.69	 	 	 	24.38	 	 	 	292.45	 	 	 	1,389.14	 
	 	000234	 	 	 	03/31/06	 	 	 	2,064.00	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,064.00	 	 	 	11/30/10	 	 	 	774.00	 	 	 	17.20	 	 	 	206.40	 	 	 	980.40	 

	 	 	 
	January 14, 2011 at 9:38 AM

	 	Page 2

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	 	Date	 	 	Value	 	 	Description	 	T	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	Location = Summit	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000235	 	 	 	04/06/06	 	 	 	5,843.38	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,843.38	 	 	 	11/30/10	 	 	 	2,191.27	 	 	 	48.70	 	 	 	584.34	 	 	 	2,775.61	 
	 	000236	 	 	 	04/18/06	 	 	 	621.18	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	621.18	 	 	 	11/30/10	 	 	 	227.77	 	 	 	5.18	 	 	 	62.12	 	 	 	289.89	 
	 	000237	 	 	 	04/18/06	 	 	 	2,655.30	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,655.30	 	 	 	11/30/10	 	 	 	973.61	 	 	 	22.13	 	 	 	265.53	 	 	 	1,239.14	 
	 	000238	 	 	 	04/30/06	 	 	 	646.60	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	646.60	 	 	 	11/30/10	 	 	 	237.09	 	 	 	5.39	 	 	 	64.66	 	 	 	301.75	 
	 	000239	 	 	 	05/19/06	 	 	 	1,162.88	 	 	Equipment
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,162.88	 	 	 	11/30/10	 	 	 	416.71	 	 	 	9.70	 	 	 	116.29	 	 	 	533.00	 
	 	000712	 	 	 	10/19/07	 	 	 	1,974.08	 	 	Emergency alert pendants
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,974.08	 	 	 	11/30/10	 	 	 	427.72	 	 	 	16.46	 	 	 	197.41	 	 	 	625.13	 
	 	000713	 	 	 	10/31/07	 	 	 	2,094.00	 	 	Radios - Polyshell
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,094.00	 	 	 	11/30/10	 	 	 	453.70	 	 	 	17.45	 	 	 	209.40	 	 	 	663.10	 
	 	000903	 	 	 	02/28/09	 	 	 	858.09	 	 	HP Laser Jet Printer - Staples
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	858.09	 	 	 	11/30/10	 	 	 	71.51	 	 	 	7.16	 	 	 	85.81	 	 	 	157.32	 
	 	001027	 	 	 	01/27/10	 	 	 	641.99	 	 	Canon Multifuction Fax - Copie
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	641.99	 	 	 	11/30/10	 	 	 	0.00	 	 	 	5.35	 	 	 	58.86	 	 	 	58.86	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	77,871.24	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	77,871.24	 	 	 	 	 	 	 	30,765.21	 	 	 	649.08	 	 	 	7,781.82	 	 	 	38,547.03	 
	Less disposals
and transfers

Count = 0	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	77,871.24	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	77,871.24	 	 	 	 	 	 	 	30,765.21	 	 	 	649.08	 	 	 	7,781.82	 	 	 	38,547.03	 
	Count = 33	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000141	 	 	 	01/31/05	 	 	 	612.85	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	612.85	 	 	 	11/30/10	 	 	 	301.34	 	 	 	5.11	 	 	 	61.29	 	 	 	362.63	 
	 	000142	 	 	 	01/31/05	 	 	 	1,334.46	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,334.46	 	 	 	11/30/10	 	 	 	656.13	 	 	 	11.13	 	 	 	133.45	 	 	 	789.58	 
	 	000143	 	 	 	01/31/05	 	 	 	1,255.57	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,255.57	 	 	 	11/30/10	 	 	 	617.33	 	 	 	10.47	 	 	 	125.56	 	 	 	742.89	 
	 	000144	 	 	 	02/28/05	 	 	 	612.85	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	612.85	 	 	 	11/30/10	 	 	 	296.23	 	 	 	5.11	 	 	 	61.29	 	 	 	357.52	 
	 	000145	 	 	 	02/28/05	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	432.58	 	 	 	7.46	 	 	 	89.50	 	 	 	522.08	 
	 	000146	 	 	 	03/01/05	 	 	 	2,437.96	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,437.96	 	 	 	11/30/10	 	 	 	1,178.36	 	 	 	20.32	 	 	 	243.80	 	 	 	1,422.16	 
	 	000147	 	 	 	03/31/05	 	 	 	(635.98	)	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	(635.98	)	 	 	11/30/10	 	 	 	(302.11	)	 	 	(5.30	)	 	 	(63.60	)	 	 	(365.71	)
	 	000148	 	 	 	04/19/05	 	 	 	264.99	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	264.99	 	 	 	11/30/10	 	 	 	123.67	 	 	 	2.21	 	 	 	26.50	 	 	 	150.17	 
	 	000149	 	 	 	04/19/05	 	 	 	612.85	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	612.85	 	 	 	11/30/10	 	 	 	286.02	 	 	 	5.11	 	 	 	61.29	 	 	 	347.31	 
	 	000150	 	 	 	04/19/05	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	417.67	 	 	 	7.46	 	 	 	89.50	 	 	 	507.17	 
	 	000151	 	 	 	05/19/05	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	410.21	 	 	 	7.46	 	 	 	89.50	 	 	 	499.71	 
	 	000152	 	 	 	06/17/05	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	402.75	 	 	 	7.46	 	 	 	89.50	 	 	 	492.25	 
	 	000153	 	 	 	06/17/05	 	 	 	1,144.94	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,144.94	 	 	 	11/30/10	 	 	 	515.21	 	 	 	9.55	 	 	 	114.49	 	 	 	629.70	 
	 	000154	 	 	 	06/17/05	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	402.75	 	 	 	7.46	 	 	 	89.50	 	 	 	492.25	 
	 	000155	 	 	 	06/30/05	 	 	 	1,144.94	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,144.94	 	 	 	11/30/10	 	 	 	515.21	 	 	 	9.55	 	 	 	114.49	 	 	 	629.70	 
	 	000156	 	 	 	07/31/05	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	395.29	 	 	 	7.46	 	 	 	89.50	 	 	 	484.79	 
	 	000157	 	 	 	08/18/05	 	 	 	1,255.57	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,255.57	 	 	 	11/30/10	 	 	 	544.09	 	 	 	10.47	 	 	 	125.56	 	 	 	669.65	 
	 	000158	 	 	 	08/31/05	 	 	 	715.85	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	715.85	 	 	 	11/30/10	 	 	 	310.22	 	 	 	5.97	 	 	 	71.59	 	 	 	381.81	 
	 	000159	 	 	 	08/31/05	 	 	 	1,334.46	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,334.46	 	 	 	11/30/10	 	 	 	578.28	 	 	 	11.13	 	 	 	133.45	 	 	 	711.73	 
	 	000160	 	 	 	08/31/05	 	 	 	1,255.57	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,255.57	 	 	 	11/30/10	 	 	 	544.09	 	 	 	10.47	 	 	 	125.56	 	 	 	669.65	 
	 	000161	 	 	 	08/31/05	 	 	 	2,332.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,332.00	 	 	 	11/30/10	 	 	 	1,010.53	 	 	 	19.44	 	 	 	233.20	 	 	 	1,243.73	 
	 	000162	 	 	 	09/16/05	 	 	 	1,334.46	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,334.46	 	 	 	11/30/10	 	 	 	567.16	 	 	 	11.13	 	 	 	133.45	 	 	 	700.61	 
	 	000163	 	 	 	09/16/05	 	 	 	1,350.33	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,350.33	 	 	 	11/30/10	 	 	 	573.88	 	 	 	11.26	 	 	 	135.03	 	 	 	708.91	 
	 	000164	 	 	 	09/16/05	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	380.39	 	 	 	7.46	 	 	 	89.50	 	 	 	469.89	 
	 	000165	 	 	 	09/30/05	 	 	 	2,332.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,332.00	 	 	 	11/30/10	 	 	 	991.10	 	 	 	19.44	 	 	 	233.20	 	 	 	1,224.30	 
	 	000166	 	 	 	09/30/05	 	 	 	1,255.57	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,255.57	 	 	 	11/30/10	 	 	 	533.63	 	 	 	10.47	 	 	 	125.56	 	 	 	659.19	 
	 	000167	 	 	 	09/30/05	 	 	 	1,459.25	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,459.25	 	 	 	11/30/10	 	 	 	620.20	 	 	 	12.17	 	 	 	145.93	 	 	 	766.13	 
	 	000168	 	 	 	09/30/05	 	 	 	1,609.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,609.00	 	 	 	11/30/10	 	 	 	683.84	 	 	 	13.41	 	 	 	160.90	 	 	 	844.74	 
	 	000169	 	 	 	12/19/05	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	358.00	 	 	 	7.46	 	 	 	89.50	 	 	 	447.50	 
	 	000170	 	 	 	12/19/05	 	 	 	5,272.76	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,272.76	 	 	 	11/30/10	 	 	 	2,109.12	 	 	 	43.94	 	 	 	527.28	 	 	 	2,636.40	 
	 	000171	 	 	 	12/19/05	 	 	 	4,933.56	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,933.56	 	 	 	11/30/10	 	 	 	1,973.44	 	 	 	41.12	 	 	 	493.36	 	 	 	2,466.80	 
	 	000172	 	 	 	12/31/05	 	 	 	4,495.23	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,495.23	 	 	 	11/30/10	 	 	 	1,798.08	 	 	 	37.46	 	 	 	449.52	 	 	 	2,247.60	 
	 	000173	 	 	 	01/19/06	 	 	 	898.68	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	898.68	 	 	 	11/30/10	 	 	 	351.99	 	 	 	7.49	 	 	 	89.87	 	 	 	441.86	 

	 	 	 
	January 14, 2011 at 9:38 AM

	 	Page 3

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	 	Date	 	 	Value	 	 	Description	 	T	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	Location = Summit	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000174	 	 	 	01/31/06	 	 	 	716.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	716.00	 	 	 	11/30/10	 	 	 	280.43	 	 	 	5.97	 	 	 	71.60	 	 	 	352.03	 
	 	000175	 	 	 	02/28/06	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	343.08	 	 	 	7.46	 	 	 	89.50	 	 	 	432.58	 
	 	000176	 	 	 	02/28/06	 	 	 	716.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	716.00	 	 	 	11/30/10	 	 	 	274.47	 	 	 	5.97	 	 	 	71.60	 	 	 	346.07	 
	 	000177	 	 	 	03/21/06	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	335.63	 	 	 	7.46	 	 	 	89.50	 	 	 	425.13	 
	 	000178	 	 	 	03/21/06	 	 	 	1,144.94	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,144.94	 	 	 	11/30/10	 	 	 	429.34	 	 	 	9.55	 	 	 	114.49	 	 	 	543.83	 
	 	000179	 	 	 	03/21/06	 	 	 	716.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	716.00	 	 	 	11/30/10	 	 	 	268.50	 	 	 	5.97	 	 	 	71.60	 	 	 	340.10	 
	 	000180	 	 	 	03/21/06	 	 	 	1,255.57	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,255.57	 	 	 	11/30/10	 	 	 	470.85	 	 	 	10.47	 	 	 	125.56	 	 	 	596.41	 
	 	000181	 	 	 	03/31/06	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	335.63	 	 	 	7.46	 	 	 	89.50	 	 	 	425.13	 
	 	000182	 	 	 	03/31/06	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	335.63	 	 	 	7.46	 	 	 	89.50	 	 	 	425.13	 
	 	000183	 	 	 	03/31/06	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	335.63	 	 	 	7.46	 	 	 	89.50	 	 	 	425.13	 
	 	000184	 	 	 	03/31/06	 	 	 	1,432.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,432.00	 	 	 	11/30/10	 	 	 	537.00	 	 	 	11.94	 	 	 	143.20	 	 	 	680.20	 
	 	000185	 	 	 	05/31/06	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	320.71	 	 	 	7.46	 	 	 	89.50	 	 	 	410.21	 
	 	000186	 	 	 	05/31/06	 	 	 	895.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	895.00	 	 	 	11/30/10	 	 	 	320.71	 	 	 	7.46	 	 	 	89.50	 	 	 	410.21	 
	 	000187	 	 	 	05/31/06	 	 	 	716.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	716.00	 	 	 	11/30/10	 	 	 	256.57	 	 	 	5.97	 	 	 	71.60	 	 	 	328.17	 
	 	000188	 	 	 	06/30/06	 	 	 	3,211.33	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,211.33	 	 	 	11/30/10	 	 	 	1,123.96	 	 	 	26.77	 	 	 	321.13	 	 	 	1,445.09	 
	 	000189	 	 	 	07/18/06	 	 	 	1,611.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,611.00	 	 	 	11/30/10	 	 	 	550.43	 	 	 	13.43	 	 	 	161.10	 	 	 	711.53	 
	 	000190	 	 	 	07/31/06	 	 	 	552.31	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	552.31	 	 	 	11/30/10	 	 	 	188.70	 	 	 	4.61	 	 	 	55.23	 	 	 	243.93	 
	 	000191	 	 	 	07/31/06	 	 	 	1,866.66	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,866.66	 	 	 	11/30/10	 	 	 	637.79	 	 	 	15.56	 	 	 	186.67	 	 	 	824.46	 
	 	000192	 	 	 	08/17/06	 	 	 	899.35	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	899.35	 	 	 	11/30/10	 	 	 	299.80	 	 	 	7.50	 	 	 	89.94	 	 	 	389.74	 
	 	000193	 	 	 	08/17/06	 	 	 	1,981.15	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,981.15	 	 	 	11/30/10	 	 	 	660.41	 	 	 	16.51	 	 	 	198.12	 	 	 	858.53	 
	 	000194	 	 	 	08/31/06	 	 	 	381.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	381.00	 	 	 	11/30/10	 	 	 	127.00	 	 	 	3.18	 	 	 	38.10	 	 	 	165.10	 
	 	000195	 	 	 	08/31/06	 	 	 	754.31	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	754.31	 	 	 	11/30/10	 	 	 	251.43	 	 	 	6.29	 	 	 	75.43	 	 	 	326.86	 
	 	000196	 	 	 	08/31/06	 	 	 	1,483.60	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,483.60	 	 	 	11/30/10	 	 	 	494.53	 	 	 	12.37	 	 	 	148.36	 	 	 	642.89	 
	 	000197	 	 	 	08/31/06	 	 	 	2,744.55	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,744.55	 	 	 	11/30/10	 	 	 	914.87	 	 	 	22.88	 	 	 	274.46	 	 	 	1,189.33	 
	 	000198	 	 	 	09/20/06	 	 	 	2,880.50	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,880.50	 	 	 	11/30/10	 	 	 	936.16	 	 	 	24.01	 	 	 	288.05	 	 	 	1,224.21	 
	 	000199	 	 	 	09/20/06	 	 	 	381.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	381.00	 	 	 	11/30/10	 	 	 	123.83	 	 	 	3.18	 	 	 	38.10	 	 	 	161.93	 
	 	000200	 	 	 	10/31/06	 	 	 	8,358.45	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	8,358.45	 	 	 	11/30/10	 	 	 	2,646.86	 	 	 	69.66	 	 	 	835.85	 	 	 	3,482.71	 
	 	000201	 	 	 	11/30/06	 	 	 	4,893.26	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,893.26	 	 	 	11/30/10	 	 	 	1,508.78	 	 	 	40.78	 	 	 	489.33	 	 	 	1,998.11	 
	 	000202	 	 	 	11/30/06	 	 	 	6,420.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	6,420.00	 	 	 	11/30/10	 	 	 	1,979.50	 	 	 	53.50	 	 	 	642.00	 	 	 	2,621.50	 
	 	000203	 	 	 	11/30/06	 	 	 	899.35	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	899.35	 	 	 	11/30/10	 	 	 	277.33	 	 	 	7.50	 	 	 	89.94	 	 	 	367.27	 
	 	000204	 	 	 	11/30/06	 	 	 	899.35	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	899.35	 	 	 	11/30/10	 	 	 	277.33	 	 	 	7.50	 	 	 	89.94	 	 	 	367.27	 
	 	000205	 	 	 	11/30/06	 	 	 	899.35	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	899.35	 	 	 	11/30/10	 	 	 	277.33	 	 	 	7.50	 	 	 	89.94	 	 	 	367.27	 
	 	000206	 	 	 	11/30/06	 	 	 	256.75	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	256.75	 	 	 	11/30/10	 	 	 	79.19	 	 	 	2.14	 	 	 	25.68	 	 	 	104.87	 
	 	000207	 	 	 	11/30/06	 	 	 	900.00	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	900.00	 	 	 	11/30/10	 	 	 	277.50	 	 	 	7.50	 	 	 	90.00	 	 	 	367.50	 
	 	000208	 	 	 	11/30/06	 	 	 	1,340.94	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,340.94	 	 	 	11/30/10	 	 	 	413.46	 	 	 	11.18	 	 	 	134.09	 	 	 	547.55	 
	 	000209	 	 	 	12/06/06	 	 	 	256.75	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	256.75	 	 	 	11/30/10	 	 	 	79.18	 	 	 	2.14	 	 	 	25.68	 	 	 	104.86	 
	 	000210	 	 	 	12/31/06	 	 	 	3,323.39	 	 	Furniture & Fixtures
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,323.39	 	 	 	11/30/10	 	 	 	997.02	 	 	 	27.70	 	 	 	332.34	 	 	 	1,329.36	 
	 	000590	 	 	 	01/19/07	 	 	 	1,869.98	 	 	Carpet & Vinyl Units 100 & 12
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,869.98	 	 	 	11/30/10	 	 	 	545.42	 	 	 	15.59	 	 	 	187.00	 	 	 	732.42	 
	 	000592	 	 	 	02/19/07	 	 	 	1,261.67	 	 	Carpet Unit 210 - House of Ri
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,261.67	 	 	 	11/30/10	 	 	 	357.48	 	 	 	10.52	 	 	 	126.17	 	 	 	483.65	 
	 	000610	 	 	 	03/31/07	 	 	 	5,120.79	 	 	Carpet Units 112,216,323 &
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,120.79	 	 	 	11/30/10	 	 	 	1,408.22	 	 	 	42.68	 	 	 	512.08	 	 	 	1,920.30	 
	 	000611	 	 	 	03/31/07	 	 	 	2,292.00	 	 	6 Sunbeam Refrigerators - R,
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,292.00	 	 	 	11/30/10	 	 	 	630.30	 	 	 	19.10	 	 	 	229.20	 	 	 	859.50	 
	 	000629	 	 	 	04/30/07	 	 	 	1,562.20	 	 	Delibrillator - Gulf South Medi
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,562.20	 	 	 	11/30/10	 	 	 	416.59	 	 	 	13.02	 	 	 	156.22	 	 	 	572.81	 
	 	000635	 	 	 	05/31/07	 	 	 	4,221.44	 	 	Carpet & Vinyl Units 103,114
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,221.44	 	 	 	11/30/10	 	 	 	1,090.53	 	 	 	35.18	 	 	 	422.14	 	 	 	1,512.67	 
	 	000641	 	 	 	06/19/07	 	 	 	2,618.60	 	 	Carpet Units 126 & 221 - Hou
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,618.60	 	 	 	11/30/10	 	 	 	654.65	 	 	 	21.83	 	 	 	261.86	 	 	 	916.51	 
	 	000657	 	 	 	07/31/07	 	 	 	1,340.94	 	 	Carpet - House of Rugs
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,340.94	 	 	 	11/30/10	 	 	 	324.05	 	 	 	11.18	 	 	 	134.09	 	 	 	458.14	 
	 	000668	 	 	 	08/31/07	 	 	 	3,859.12	 	 	Carpet - House of Rugs
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,859.12	 	 	 	11/30/10	 	 	 	900.47	 	 	 	32.16	 	 	 	385.91	 	 	 	1,286.38	 
	 	000674	 	 	 	09/30/07	 	 	 	3,417.53	 	 	Carpet - House of Rugs
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,417.53	 	 	 	11/30/10	 	 	 	768.95	 	 	 	28.48	 	 	 	341.75	 	 	 	1,110.70	 
	 	000675	 	 	 	09/18/07	 	 	 	9,917.83	 	 	31
Refrigerators - Top Line
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	9,917.83	 	 	 	11/30/10	 	 	 	2,231.52	 	 	 	82.65	 	 	 	991.78	 	 	 	3,223.30	 
	 	000753	 	 	 	01/31/08	 	 	 	588.47	 	 	Computer T5246 & E1716W 1
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	588.47	 	 	 	11/30/10	 	 	 	112.79	 	 	 	4.91	 	 	 	58.85	 	 	 	171.64	 
	 	000756	 	 	 	02/13/08	 	 	 	3,971.21	 	 	Carpet & Vinyl - House of Rug
	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,971.21	 	 	 	11/30/10	 	 	 	761.15	 	 	 	33.10	 	 	 	397.12	 	 	 	1,158.27	 

	 	 	 
	January 14, 2011 at 9:38 AM

	 	Page 4

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Summit
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000764
	 	 	03/31/08	 	 	 	418.78	 	 	2 Brother Laser Printers - Cor	 	P	 	SLMM	 	 	10 00	 	 	 	418.78	 	 	 	11/30/10	 	 	 	73.30	 	 	 	3.49	 	 	 	41.88	 	 	 	115.18	 
	000791
	 	 	04/22/08	 	 	 	372.10	 	 	Pop-Up Toaster - Edward Do	 	P	 	SLMM	 	 	10 00	 	 	 	372.10	 	 	 	11/30/10	 	 	 	62.02	 	 	 	3.11	 	 	 	37.21	 	 	 	99.23	 
	000795
	 	 	05/21/08	 	 	 	1,267.83	 	 	10 Emergency Response Wir	 	P	 	SLMM	 	 	10 00	 	 	 	1,267.83	 	 	 	11/30/10	 	 	 	200.74	 	 	 	10.57	 	 	 	126.78	 	 	 	327.52	 
	000798
	 	 	05/31/08	 	 	 	6,267.96	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	6,267.96	 	 	 	11/30/10	 	 	 	992.43	 	 	 	52.24	 	 	 	626.80	 	 	 	1,619.23	 
	000799
	 	 	05/21/08	 	 	 	2,561.23	 	 	Compressor & Valve Kitchen	 	P	 	SLMM	 	 	10 00	 	 	 	2,561.23	 	 	 	11/30/10	 	 	 	405.53	 	 	 	21.35	 	 	 	256.12	 	 	 	661.65	 
	000800
	 	 	05/21/08	 	 	 	2,896.00	 	 	Emergency Response Radios	 	P	 	SLMM	 	 	10 00	 	 	 	2,896.00	 	 	 	11/30/10	 	 	 	458.53	 	 	 	24.14	 	 	 	289.60	 	 	 	748.13	 
	000801
	 	 	05/28/08	 	 	 	2,293.63	 	 	Vacuum w/attachments - Dire	 	P	 	SLMM	 	 	10 00	 	 	 	2,293.63	 	 	 	11/30/10	 	 	 	363.16	 	 	 	19.12	 	 	 	229.36	 	 	 	592.52	 
	000809
	 	 	06/30/08	 	 	 	1,695.33	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	1,695.33	 	 	 	11/30/10	 	 	 	254.30	 	 	 	14.13	 	 	 	169.53	 	 	 	423.83	 
	000825
	 	 	07/23/08	 	 	 	16,630.38	 	 	52 Apartment Refrigerators -	 	P	 	SLMM	 	 	10 00	 	 	 	16,630.38	 	 	 	11/30/10	 	 	 	2,355.97	 	 	 	138.59	 	 	 	1,663.04	 	 	 	4,019.01	 
	000826
	 	 	07/31/08	 	 	 	11,282.38	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	11,282.38	 	 	 	11/30/10	 	 	 	1,598.35	 	 	 	94.02	 	 	 	1,128.24	 	 	 	2,726.59	 
	000847
	 	 	09/30/08	 	 	 	4,307.58	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	4,307.58	 	 	 	11/30/10	 	 	 	538.45	 	 	 	35.90	 	 	 	430.76	 	 	 	969.21	 
	000863
	 	 	10/31/08	 	 	 	1,200.60	 	 	Carpet -House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	1,200.60	 	 	 	11/30/10	 	 	 	140.07	 	 	 	10.01	 	 	 	120.06	 	 	 	260.13	 
	000878
	 	 	11/30/08	 	 	 	5,356.13	 	 	Carpet & Vinyl - House of Rug	 	P	 	SLMM	 	 	10 00	 	 	 	5,356.13	 	 	 	11/30/10	 	 	 	580.26	 	 	 	44.64	 	 	 	535.61	 	 	 	1,115.87	 
	000879
	 	 	12/31/08	 	 	 	10,657.41	 	 	Steamer, Grill, Food Process	 	P	 	SLMM	 	 	10 00	 	 	 	10,657.41	 	 	 	11/30/10	 	 	 	1,065.74	 	 	 	88.82	 	 	 	1,065.74	 	 	 	2,131.48	 
	000888
	 	 	12/31/08	 	 	 	2,401.20	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	2,401.20	 	 	 	11/30/10	 	 	 	240.12	 	 	 	20.01	 	 	 	240.12	 	 	 	480.24	 
	000892
	 	 	01/31/09	 	 	 	6,187.23	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	6,187.23	 	 	 	11/30/10	 	 	 	567.16	 	 	 	51.56	 	 	 	618.72	 	 	 	1,185.88	 
	000900
	 	 	02/25/09	 	 	 	6,934.00	 	 	75# American Dryer - Mickror	 	P	 	SLMM	 	 	10 00	 	 	 	6,934.00	 	 	 	11/30/10	 	 	 	577.83	 	 	 	57.79	 	 	 	693.40	 	 	 	1,271.23	 
	000902
	 	 	02/18/09	 	 	 	1,988.00	 	 	Emergency Radios & Batterie	 	P	 	SLMM	 	 	10 00	 	 	 	1,988.00	 	 	 	11/30/10	 	 	 	165.67	 	 	 	16.57	 	 	 	198.80	 	 	 	364.47	 
	000913
	 	 	03/31/09	 	 	 	8,378.24	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	8,378.24	 	 	 	11/30/10	 	 	 	628.37	 	 	 	69.82	 	 	 	837.82	 	 	 	1,466.19	 
	000928
	 	 	04/29/09	 	 	 	4,155.53	 	 	Carpet & Vinyl - House of Rug	 	P	 	SLMM	 	 	10 00	 	 	 	4,155.53	 	 	 	11/30/10	 	 	 	277.05	 	 	 	34.63	 	 	 	415.55	 	 	 	692.60	 
	000929
	 	 	04/29/09	 	 	 	1,649.02	 	 	6 Cycle Washer & Electric Dr	 	P	 	SLMM	 	 	10 00	 	 	 	1,649.02	 	 	 	11/30/10	 	 	 	109.94	 	 	 	13.75	 	 	 	164.90	 	 	 	274.84	 
	000930
	 	 	04/29/09	 	 	 	1,273.43	 	 	10 Wireless Pendants - Cisco	 	P	 	SLMM	 	 	10 00	 	 	 	1,273.43	 	 	 	11/30/10	 	 	 	84.90	 	 	 	10.62	 	 	 	127.34	 	 	 	212.24	 
	000931
	 	 	01/09/09	 	 	 	2,619.22	 	 	Steamer, Char-Broiler, Dispos	 	P	 	SLMM	 	 	10 00	 	 	 	2,619.22	 	 	 	11/30/10	 	 	 	261.92	 	 	 	21.83	 	 	 	261.92	 	 	 	523.84	 
	000950
	 	 	07/31/09	 	 	 	6,471.77	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	6,471.77	 	 	 	11/30/10	 	 	 	269.66	 	 	 	53.94	 	 	 	647.18	 	 	 	916.84	 
	000967
	 	 	08/12/09	 	 	 	1,200.60	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	1,200.60	 	 	 	11/30/10	 	 	 	50.03	 	 	 	10.01	 	 	 	120.06	 	 	 	170.09	 
	000968
	 	 	08/26/09	 	 	 	1,807.12	 	 	Computer & Printers - Staples	 	P	 	SLMM	 	 	05 00	 	 	 	1,807.12	 	 	 	11/30/10	 	 	 	120.49	 	 	 	30.12	 	 	 	361.42	 	 	 	481.91	 
	000981
	 	 	09/30/09	 	 	 	2,929.05	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	2,929.05	 	 	 	11/30/10	 	 	 	73.24	 	 	 	24.41	 	 	 	292.91	 	 	 	366.15	 
	000982
	 	 	10/28/09	 	 	 	7,625.88	 	 	2 Table Base & 10 Chairs - M	 	P	 	SLMM	 	 	10 00	 	 	 	7,625.88	 	 	 	11/30/10	 	 	 	127.11	 	 	 	63.55	 	 	 	762.59	 	 	 	889.70	 
	000993
	 	 	10/14/09	 	 	 	1,273.77	 	 	Wireless Pendants - Ciscor	 	P	 	SLMM	 	 	10 00	 	 	 	1,273.77	 	 	 	11/30/10	 	 	 	31.85	 	 	 	10.62	 	 	 	127.38	 	 	 	159.23	 
	000994
	 	 	10/21/09	 	 	 	642.50	 	 	Vacuum - Livingston Vacuum	 	P	 	SLMM	 	 	10 00	 	 	 	642.50	 	 	 	11/30/10	 	 	 	10.71	 	 	 	5.36	 	 	 	64.25	 	 	 	74.96	 
	001006
	 	 	11/04/09	 	 	 	2,131.06	 	 	2 Library Chairs - Mace Bros	 	P	 	SLMM	 	 	10 00	 	 	 	2,131.06	 	 	 	11/30/10	 	 	 	35.52	 	 	 	17.76	 	 	 	213.11	 	 	 	248.63	 
	001018
	 	 	12/08/09	 	 	 	2,883.65	 	 	Sci Fit ISO Fitness Bike - Cur	 	P	 	SLMM	 	 	10 00	 	 	 	2,883.65	 	 	 	11/30/10	 	 	 	24.03	 	 	 	24.04	 	 	 	288.37	 	 	 	312.40	 
	001019
	 	 	12/16/09	 	 	 	2,711.61	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	2,711.61	 	 	 	11/30/10	 	 	 	0.00	 	 	 	22.60	 	 	 	271.16	 	 	 	271.16	 
	001020
	 	 	12/16/09	 	 	 	1,273.55	 	 	10 Emergency Response Wir	 	P	 	SLMM	 	 	10 00	 	 	 	1,273.55	 	 	 	11/30/10	 	 	 	0.00	 	 	 	10.62	 	 	 	127.36	 	 	 	127.36	 
	001040
	 	 	02/03/10	 	 	 	7,698.24	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	7,698.24	 	 	 	11/30/10	 	 	 	0.00	 	 	 	64.16	 	 	 	705.67	 	 	 	705.67	 
	001052
	 	 	03/10/10	 	 	 	2,589.57	 	 	Carpet -House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	2,589.57	 	 	 	11/30/10	 	 	 	0.00	 	 	 	21.58	 	 	 	215.80	 	 	 	215.80	 
	001054
	 	 	03/31/10	 	 	 	1,378.00	 	 	2 Sebo X2 Vacuums - Livings	 	P	 	SLMM	 	 	10 00	 	 	 	1,378.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	11.48	 	 	 	103.35	 	 	 	103.35	 
	001055
	 	 	03/31/10	 	 	 	1,219.00	 	 	Carpet Steamer - Livingston	 	P	 	SLMM	 	 	10 00	 	 	 	1,219.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	10.15	 	 	 	91.43	 	 	 	91.43	 
	001056
	 	 	03/31/10	 	 	 	586.87	 	 	Air Mover Floor Fan - Direct S	 	P	 	SLMM	 	 	10 00	 	 	 	586.87	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.89	 	 	 	44.02	 	 	 	44.02	 
	001069
	 	 	04/01/10	 	 	 	1,388.42	 	 	Ice Cream Dipping Cabinet Le	 	P	 	SLMM	 	 	10 00	 	 	 	1,388.42	 	 	 	11/30/10	 	 	 	0.00	 	 	 	11.57	 	 	 	104.13	 	 	 	104.13	 
	001070
	 	 	04/30/10	 	 	 	6,398.37	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	6,398.37	 	 	 	11/30/10	 	 	 	0.00	 	 	 	53.32	 	 	 	426.57	 	 	 	426.57	 
	001071
	 	 	04/07/10	 	 	 	908.43	 	 	HVAC Exhaust Fan Motor - H	 	P	 	SLMM	 	 	10 00	 	 	 	908.43	 	 	 	11/30/10	 	 	 	0.00	 	 	 	7.57	 	 	 	68.13	 	 	 	68.13	 
	001072
	 	 	05/26/10	 	 	 	3,115.35	 	 	2 Games Tables with Chairs -	 	P	 	SLMM	 	 	10 00	 	 	 	3,115.35	 	 	 	11/30/10	 	 	 	0.00	 	 	 	25.96	 	 	 	181.73	 	 	 	181.73	 
	001073
	 	 	04/28/10	 	 	 	5,643.87	 	 	5 Computers - Dell	 	P	 	SLMM	 	 	05 00	 	 	 	5,643.87	 	 	 	11/30/10	 	 	 	0.00	 	 	 	94.06	 	 	 	752.52	 	 	 	752.52	 
	001074
	 	 	04/30/10	 	 	 	2,838.00	 	 	Emergency Response Radios	 	P	 	SLMM	 	 	10 00	 	 	 	2,838.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	23.65	 	 	 	189.20	 	 	 	189.20	 
	001075
	 	 	04/21/10	 	 	 	500.00	 	 	PTAC Unit - Valairco, Inc.	 	P	 	SLMM	 	 	10 00	 	 	 	500.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	4.16	 	 	 	33.33	 	 	 	33.33	 
	001081
	 	 	05/19/10	 	 	 	6,015.18	 	 	China, Glasses, Flatware & K	 	P	 	SLMM	 	 	10 00	 	 	 	6,015.18	 	 	 	11/30/10	 	 	 	0.00	 	 	 	50.12	 	 	 	350.89	 	 	 	350.89	 
	001082
	 	 	05/26/10	 	 	 	577.74	 	 	HP Laser Printer	 	P	 	SLMM	 	 	05 00	 	 	 	577.74	 	 	 	11/30/10	 	 	 	0.00	 	 	 	9.62	 	 	 	67.40	 	 	 	67.40	 
	001083
	 	 	05/31/10	 	 	 	748.72	 	 	14 Microwave Ovens - 6th Av	 	P	 	SLMM	 	 	10 00	 	 	 	748.72	 	 	 	11/30/10	 	 	 	0.00	 	 	 	6.24	 	 	 	43.69	 	 	 	43.69	 
	001084
	 	 	05/31/10	 	 	 	950.00	 	 	Check Scanner - Chase Banl	 	P	 	SLMM	 	 	05 00	 	 	 	950.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	15.83	 	 	 	110.83	 	 	 	110.83	 

	 	 	 
	January 14, 2011 at 9:38 AM

	 	Page 5

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	Location = Summit	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class=FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001111
	 	 	06/16/10	 	 	 	5,297.13	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	5,297.13	 	 	 	11/30/10	 	 	 	0.00	 	 	 	44.14	 	 	 	264.86	 	 	 	264.86	 
	001128
	 	 	07/07/10	 	 	 	1,901.98	 	 	Water Resistant Pendants - 	 	P	 	SLMM	 	 	10 00	 	 	 	1,901.98	 	 	 	11/30/10	 	 	 	0.00	 	 	 	15.85	 	 	 	1,664.23	 	 	 	1,664.23	 
	001130
	 	 	07/13/10	 	 	 	436.56	 	 	Kitchen Floor Mats - Edward	 	P	 	SLMM	 	 	10 00	 	 	 	436.56	 	 	 	11/30/10	 	 	 	0.00	 	 	 	3.64	 	 	 	21.83	 	 	 	21.83	 
	001132
	 	 	07/31/10	 	 	 	706.13	 	 	Installation of 4 computers - 	 	P	 	SLMM	 	 	05 00	 	 	 	706.13	 	 	 	11/30/10	 	 	 	0.00	 	 	 	11.77	 	 	 	58.86	 	 	 	58.86	 
	001133
	 	 	07/31/10	 	 	 	6,187.23	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	6,187.23	 	 	 	11/30/10	 	 	 	0.00	 	 	 	51.56	 	 	 	257.80	 	 	 	257.80	 
	001134
	 	 	07/31/10	 	 	 	3,542.09	 	 	Shower Curtains, Laundry Ba	 	P	 	SLMM	 	 	10 00	 	 	 	3,542.09	 	 	 	11/30/10	 	 	 	0.00	 	 	 	29.51	 	 	 	147.59	 	 	 	147.59	 
	001152
	 	 	08/18/10	 	 	 	732.18	 	 	Shower Curtains - Boston Te	 	P	 	SLMM	 	 	10 00	 	 	 	732.18	 	 	 	11/30/10	 	 	 	0.00	 	 	 	6.10	 	 	 	24.41	 	 	 	24.41	 
	001153
	 	 	08/25/10	 	 	 	770.00	 	 	Network Switch & Email Tech	 	P	 	SLMM	 	 	05 00	 	 	 	770.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	12.83	 	 	 	51.33	 	 	 	51.33	 
	001154
	 	 	08/31/10	 	 	 	2,702.70	 	 	Towels, Washcloths, Pillowca	 	P	 	SLMM	 	 	10 00	 	 	 	2,702.70	 	 	 	11/30/10	 	 	 	0.00	 	 	 	22.52	 	 	 	90.09	 	 	 	90.09	 
	001156
	 	 	08/31/10	 	 	 	2,043.06	 	 	Steam Table Warmers - Jay 	 	P	 	NoDep	 	 	00 00	 	 	 	2,043.06	 	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	001172
	 	 	09/08/10	 	 	 	7,302.87	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	7,302.87	 	 	 	11/30/10	 	 	 	0.00	 	 	 	60.86	 	 	 	243.43	 	 	 	243.43	 
	001173
	 	 	09/15/10	 	 	 	908.16	 	 	Commercial Washer Fuse Bc	 	P	 	SLMM	 	 	10 00	 	 	 	908.16	 	 	 	11/30/10	 	 	 	0.00	 	 	 	7.57	 	 	 	30.27	 	 	 	30.27	 
	001174
	 	 	09/29/10	 	 	 	4,086.12	 	 	4 Steam Table Warmers - Ja	 	P	 	SLMM	 	 	10 00	 	 	 	4,086.12	 	 	 	11/30/10	 	 	 	0.00	 	 	 	34.05	 	 	 	102.15	 	 	 	102.15	 
	001182
	 	 	10/06/10	 	 	 	2,157.35	 	 	File Cabinets - Staples	 	P	 	SLMM	 	 	10 00	 	 	 	2,157.35	 	 	 	11/30/10	 	 	 	0.00	 	 	 	17.98	 	 	 	53.93	 	 	 	53.93	 
	001183
	 	 	10/20/10	 	 	 	1,337.50	 	 	2 Vacuums - Livingston Vacu	 	P	 	SLMM	 	 	10 00	 	 	 	1,337.50	 	 	 	11/30/10	 	 	 	0.00	 	 	 	11.14	 	 	 	22.29	 	 	 	22.29	 
	001184
	 	 	10/13/10	 	 	 	1,595.97	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	1,595.97	 	 	 	11/30/10	 	 	 	0.00	 	 	 	13.30	 	 	 	39.90	 	 	 	39.90	 
	001185
	 	 	10/20/10	 	 	 	1,353.55	 	 	Salon Chairs with Base - Eld	 	P	 	SLMM	 	 	10 00	 	 	 	1,353.55	 	 	 	11/30/10	 	 	 	0.00	 	 	 	11.28	 	 	 	22.56	 	 	 	22.56	 
	001186
	 	 	10/27/10	 	 	 	815.24	 	 	Towels - Medline	 	P	 	SLMM	 	 	10 00	 	 	 	815.24	 	 	 	11/30/10	 	 	 	0.00	 	 	 	6.79	 	 	 	13.59	 	 	 	13.59	 
	001219
	 	 	12/07/10	 	 	 	636.29	 	 	8 Sconces - Lighting Show P	 	P	 	SLMM	 	 	10 00	 	 	 	636.29	 	 	 	 	 	 	 	0.00	 	 	 	5.30	 	 	 	5.30	 	 	 	5.30	 
	001220
	 	 	12/31/10	 	 	 	1,200.60	 	 	Carpet - House of Rugs	 	P	 	SLMM	 	 	10 00	 	 	 	1,200.60	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	371,989.60	 	 	 	 	 	 	 	 	 	 	 	 	 	371,989.60	 	 	 	 	 	 	 	63,489.82	 	 	 	3,160.45	 	 	 	35,156.02	 	 	 	98,645.84	 
	Less disposals and
transfers	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	 	371,989.60	 	 	 	 	 	 	 	 	 	 	 	 	 	371,989.60	 	 	 	 	 	 	 	63,489.82	 	 	 	3,160.45	 	 	 	35,156.02	 	 	 	98,645.84	 
	Count = 153	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000136
	 	 	12/01/04	 	 	 	14,500,000.00	 	 	Land Acquisition	 	R	 	NoDep	 	 	00 00	 	 	 	14,500,000.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	000137
	 	 	12/01/04	 	 	 	(12,811,644.00	)	 	Land Acquisition	 	R	 	NoDep	 	 	00 00	 	 	 	(12,811,644.00	)	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LA	 	 	 	1,688,356.00	 	 	 	 	 	 	 	 	 	 	 	 	 	1,688,356.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Less disposals
and transfers	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	 	1,688,356.00	 	 	 	 	 	 	 	 	 	 	 	 	 	1,688,356.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Count = 2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LI	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000927
	 	 	04/29/09	 	 	 	1,965.00	 	 	Renovation of Front Entry - T	 	P	 	SLMM	 	 	10 00	 	 	 	1,965.00	 	 	 	11/30/10	 	 	 	131.00	 	 	 	16.38	 	 	 	195.50	 	 	 	327.50	 
	001155
	 	 	10/27/10	 	 	 	7,065.21	 	 	Rubberize, Seal & Stripe Pa	 	P	 	SLMM	 	 	10 00	 	 	 	7,065.21	 	 	 	11/30/10	 	 	 	0.00	 	 	 	58.87	 	 	 	117.75	 	 	 	117.75	 
	001170
	 	 	09/08/10	 	 	 	1,594.30	 	 	Renovate Front of Bldg w ne	 	P	 	SLMM	 	 	10 00	 	 	 	1,594.30	 	 	 	11/30/10	 	 	 	0.00	 	 	 	13.29	 	 	 	53.14	 	 	 	53.14	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LI	 	 	 	10,624.51	 	 	 	 	 	 	 	 	 	 	 	 	 	10,624.51	 	 	 	 	 	 	 	131.00	 	 	 	88.54	 	 	 	367.39	 	 	 	498.39	 
	Less disposals
and transfers	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	 	10,624.51	 	 	 	 	 	 	 	 	 	 	 	 	 	10,624.51	 	 	 	 	 	 	 	131.00	 	 	 	88.54	 	 	 	367.39	 	 	 	498.39	 
	Count = 3	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 
	January 14, 2011 at 9:38 AM

	 	Page 6

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location =	 	 	 	15,153,413.58	 	 	 	 	 	 	 	 	 	 	 	 	 	15,153,413.58	 	 	 	 	 	 	 	1,742,704.88	 	 	 	32,131.16	 	 	 	380,980.73	 	 	 	2,123,685.61	 
	Summit	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Less disposals
and transfers	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	 	15,153,413.58	 	 	 	 	 	 	 	 	 	 	 	 	 	15,153,413.58	 	 	 	 	 	 	 	1,742,704.88	 	 	 	32,131.16	 	 	 	380,980.73	 	 	 	2,123,685.61	 
	Count = 251	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grand Total	 	 	 	15,153,413.58	 	 	 	 	 	 	 	 	 	 	 	 	 	15,153,413.58	 	 	 	 	 	 	 	1,742,704.88	 	 	 	32,131.16	 	 	 	380,980.73	 	 	 	2,123,685.61	 
	Less disposals
and transfers	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Grand Total	 	 	 	15,153,413.58	 	 	 	 	 	 	 	 	 	 	 	 	 	15,153,413.58	 	 	 	 	 	 	 	1,742,704.88	 	 	 	32,131.16	 	 	 	380,980.73	 	 	 	2,123,685.61	 
	Count = 251	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Report Assumptions

	 	 	 	 	 
	Report Name: Depreciation Expense w/Descriptions
	 	 	 	 
	Source Report: Depreciation Expense
	 	 	 	 
	 
	 	 	 	 
	Calculation Assumptions:
	 	 	 	 
	Short Year: none
	 	 	 	 
	Include Sec
168 Allowance & Sec 179: No
	 	 	 	 
	Adjustment Convention: None
	 	 	 	 
	 
	 	 	 	 
	Group/Sorting Criteria:
	 	 	 	 
	Group = Summit
	 	 	 	 
	Include Assets that meet the following conditions:
	 	 	 	 
	Location is Summit
	 	 	 	 
	Sorted by: Location (with subtotals), Class (with subtotals). System No.
Extension
	 	 	 	 

	 	 	 
	January 14, 2011 at 9:38 AM

	 	Page 7

 

Exhibit D–4

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Trumbull	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = A	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000940
	 	 	06/19/09	 	 	 	48,832.00	 	 	2009 Ford E-45 12-passenge	 	P	 	SLMM	 	 	05 00	 	 	 	48,832.00	 	 	 	11/30/10	 	 	 	4,883.20	 	 	 	813.87	 	 	 	9,766.40	 	 	 	14,649.60	 
	000962
	 	 	06/19/09	 	 	 	3,684.92	 	 	Sales Tax/Reg -2009 Ford E	 	P	 	SLMM	 	 	05 00	 	 	 	3,684.92	 	 	 	11/30/10	 	 	 	368.49	 	 	 	61.42	 	 	 	736.98	 	 	 	1,105.47	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = A	 	 	 	52,516.92	 	 	 	 	 	 	 	 	 	 	 	 	 	52,516.92	 	 	 	 	 	 	 	5,251.69	 	 	 	875.29	 	 	 	10,503.38	 	 	 	15,755.07	 
	Less disposals
and transfers	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	 	52,516.92	 	 	 	 	 	 	 	 	 	 	 	 	 	52,516.92	 	 	 	 	 	 	 	5,251.69	 	 	 	875.29	 	 	 	10,503.38	 	 	 	15,755.07	 
	Count = 2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000008
	 	 	12/31/04	 	 	 	5,724.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	5,724.00	 	 	 	11/30/10	 	 	 	2,862.00	 	 	 	47.70	 	 	 	572.40	 	 	 	3,434.40	 
	000009
	 	 	12/31/04	 	 	 	563.60	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	563.60	 	 	 	11/30/10	 	 	 	281.80	 	 	 	4.70	 	 	 	56.36	 	 	 	338.16	 
	000010
	 	 	01/31/05	 	 	 	(530.00	)	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	(530.00	)	 	 	11/30/10	 	 	 	(260.58	)	 	 	(4.42	)	 	 	(53.00	)	 	 	(313.58	)
	000011
	 	 	01/21/05	 	 	 	6,114.08	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	6,114.08	 	 	 	11/30/10	 	 	 	3,006.10	 	 	 	50.96	 	 	 	611.41	 	 	 	3,617.51	 
	000012
	 	 	05/09/05	 	 	 	3,741.80	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	3,741.80	 	 	 	11/30/10	 	 	 	1,746.17	 	 	 	31.19	 	 	 	374.18	 	 	 	2,120.35	 
	000013
	 	 	05/09/05	 	 	 	5,457.41	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	5,457.41	 	 	 	11/30/10	 	 	 	2,546.79	 	 	 	45.48	 	 	 	545.74	 	 	 	3,092.53	 
	000014
	 	 	07/07/05	 	 	 	9,508.20	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	9,508.20	 	 	 	11/30/10	 	 	 	4,278.69	 	 	 	79.24	 	 	 	950.82	 	 	 	5,229.51	 
	000015
	 	 	07/07/05	 	 	 	11,617.60	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	11,617.60	 	 	 	11/30/10	 	 	 	5,227.92	 	 	 	96.82	 	 	 	1,161.76	 	 	 	6,389.68	 
	000016
	 	 	08/31/05	 	 	 	5,457.41	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	5,457.41	 	 	 	11/30/10	 	 	 	2,364.87	 	 	 	45.48	 	 	 	545.74	 	 	 	2,910.61	 
	000017
	 	 	08/31/05	 	 	 	1,659.35	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	1,659.35	 	 	 	11/30/10	 	 	 	719.07	 	 	 	13.83	 	 	 	165.94	 	 	 	885.01	 
	000018
	 	 	09/23/05	 	 	 	4,240.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	4,240.00	 	 	 	11/30/10	 	 	 	1,802.00	 	 	 	35.34	 	 	 	424.00	 	 	 	2,226.00	 
	000019
	 	 	11/04/05	 	 	 	2,155.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	2,155.00	 	 	 	11/30/10	 	 	 	897.92	 	 	 	17.96	 	 	 	215.50	 	 	 	1,113.42	 
	000020
	 	 	04/30/06	 	 	 	926.19	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	926.19	 	 	 	11/30/10	 	 	 	339.61	 	 	 	7.72	 	 	 	92.62	 	 	 	432.23	 
	000021
	 	 	06/30/06	 	 	 	2,939.12	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	2,939.12	 	 	 	11/30/10	 	 	 	1,028.69	 	 	 	24.50	 	 	 	293.91	 	 	 	1,322.60	 
	000022
	 	 	07/31/06	 	 	 	4,240.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	4,240.00	 	 	 	11/30/10	 	 	 	1,448.67	 	 	 	35.34	 	 	 	424.00	 	 	 	1,872.67	 
	000023
	 	 	09/07/06	 	 	 	6,360.00	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	6,360.00	 	 	 	11/30/10	 	 	 	2,120.00	 	 	 	53.00	 	 	 	636.00	 	 	 	2,756.00	 
	000024
	 	 	10/31/06	 	 	 	484.47	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	484.47	 	 	 	11/30/10	 	 	 	153.44	 	 	 	4.04	 	 	 	48.45	 	 	 	201.89	 
	000025
	 	 	11/17/06	 	 	 	5,914.80	 	 	Building	 	P	 	SLMM	 	 	10 00	 	 	 	5,914.80	 	 	 	11/30/10	 	 	 	1,823.73	 	 	 	49.29	 	 	 	591.48	 	 	 	2,415.21	 
	000587
	 	 	01/23/07	 	 	 	1,488.22	 	 	Block Heater(Emerg. Genera	 	P	 	SLMM	 	 	10 00	 	 	 	1,488.22	 	 	 	11/30/10	 	 	 	434.06	 	 	 	12.41	 	 	 	148.82	 	 	 	582.88	 
	000613
	 	 	04/05/07	 	 	 	5,914.80	 	 	Front Entrance Exterior/lnteri	 	P	 	SLMM	 	 	10 00	 	 	 	5,914.80	 	 	 	11/30/10	 	 	 	1,626.57	 	 	 	49.29	 	 	 	591.48	 	 	 	2,218.05	 
	000614
	 	 	04/30/07	 	 	 	1,034.00	 	 	HVAC Venting Modification-2	 	P	 	SLMM	 	 	10 00	 	 	 	1,034.00	 	 	 	11/30/10	 	 	 	275.73	 	 	 	8.62	 	 	 	103.40	 	 	 	379.13	 
	000631
	 	 	05/22/07	 	 	 	1,882.96	 	 	UPC Board for largest A/C Ur	 	P	 	SLMM	 	 	10 00	 	 	 	1,882.96	 	 	 	11/30/10	 	 	 	486.44	 	 	 	15.70	 	 	 	188.30	 	 	 	674.74	 
	000648
	 	 	07/09/07	 	 	 	3,052.80	 	 	Repl. 8 roof scupper sleeves -	 	P	 	SLMM	 	 	10 00	 	 	 	3,052.80	 	 	 	11/30/10	 	 	 	763.20	 	 	 	25.44	 	 	 	305.28	 	 	 	1,068.48	 
	000670
	 	 	08/31/07	 	 	 	27,567.42	 	 	10 Outside Awnings-New Ha	 	P	 	SLMM	 	 	10 00	 	 	 	27,567.42	 	 	 	11/30/10	 	 	 	6,432.39	 	 	 	229.73	 	 	 	2,756.74	 	 	 	9,189.13	 
	000684
	 	 	09/04/07	 	 	 	3,079.30	 	 	Elevator Recall Bypass Sys-F	 	P	 	SLMM	 	 	10 00	 	 	 	3,079.30	 	 	 	11/30/10	 	 	 	718.50	 	 	 	25.67	 	 	 	307.93	 	 	 	1,026.43	 
	000685
	 	 	09/11/07	 	 	 	5,363.60	 	 	Polished marble end caps for	 	P	 	SLMM	 	 	20 00	 	 	 	5,363.60	 	 	 	11/30/10	 	 	 	581.06	 	 	 	22.35	 	 	 	268.18	 	 	 	849.24	 
	000761
	 	 	03/31/08	 	 	 	1,384.75	 	 	Elevator Recall System - Fire	 	P	 	SLMM	 	 	10 00	 	 	 	1,384.75	 	 	 	11/30/10	 	 	 	242.34	 	 	 	11.54	 	 	 	138.48	 	 	 	380.82	 
	000776
	 	 	04/25/08	 	 	 	4,239.99	 	 	Bal 2 Aut-O-Safe Emergency	 	P	 	SLMM	 	 	10 00	 	 	 	4,239.99	 	 	 	11/30/10	 	 	 	706.67	 	 	 	35.34	 	 	 	424.00	 	 	 	1,130.67	 
	000859
	 	 	10/24/08	 	 	 	802.55	 	 	34 rolls wallpaper/border - Sh	 	P	 	SLMM	 	 	10 00	 	 	 	802.55	 	 	 	11/30/10	 	 	 	93.64	 	 	 	6.69	 	 	 	80.26	 	 	 	173.90	 
	000871
	 	 	11/30/08	 	 	 	375.00	 	 	Light fixture box(2 front bathr	 	P	 	SLMM	 	 	10 00	 	 	 	375.00	 	 	 	11/30/10	 	 	 	40.63	 	 	 	3.13	 	 	 	37.50	 	 	 	78.13	 
	000872
	 	 	11/30/08	 	 	 	3,696.00	 	 	Paint Beauty Salon/Lobby ba	 	P	 	SLMM	 	 	10 00	 	 	 	3,696.00	 	 	 	11/30/10	 	 	 	400.40	 	 	 	30.80	 	 	 	369.60	 	 	 	770.00	 
	000909
	 	 	03/31/09	 	 	 	5,375.00	 	 	Heat Exchanger ACU #3 (C-	 	P	 	SLMM	 	 	10 00	 	 	 	5,375.00	 	 	 	11/30/10	 	 	 	403.13	 	 	 	44.80	 	 	 	537.50	 	 	 	940.63	 
	000914
	 	 	03/06/09	 	 	 	2,375.00	 	 	Repl Gas Manifold in Make-u	 	P	 	SLMM	 	 	10 00	 	 	 	2,375.00	 	 	 	11/30/10	 	 	 	197.92	 	 	 	19.80	 	 	 	237.50	 	 	 	435.42	 
	000971
	 	 	09/30/09	 	 	 	8,784.75	 	 	50% Elevator roller guides-Ol	 	P	 	SLMM	 	 	10 00	 	 	 	8,784.75	 	 	 	11/30/10	 	 	 	0.00	 	 	 	73.21	 	 	 	878.48	 	 	 	878.48	 
	001002
	 	 	11/30/09	 	 	 	8,585.50	 	 	Carpentry/painting columns 8	 	P	 	SLMM	 	 	10 00	 	 	 	8,585.50	 	 	 	11/30/10	 	 	 	71.55	 	 	 	71.55	 	 	 	858.55	 	 	 	930.10	 
	001026
	 	 	01/15/10	 	 	 	8,784.76	 	 	Bal-elevator roller guides (Oti	 	P	 	SLMM	 	 	10 00	 	 	 	8,784.76	 	 	 	11/30/10	 	 	 	0.00	 	 	 	73.21	 	 	 	878.48	 	 	 	878.48	 
	001041
	 	 	03/31/10	 	 	 	886.48	 	 	2 disconnect boxes for RTUs	 	P	 	SLMM	 	 	10 00	 	 	 	886.48	 	 	 	11/30/10	 	 	 	0.00	 	 	 	7.38	 	 	 	66.49	 	 	 	66.49	 
	001143
	 	 	08/31/10	 	 	 	5,045.71	 	 	Rep. blower motor (A/C RTU)	 	P	 	SLMM	 	 	10 00	 	 	 	5,045.71	 	 	 	11/30/10	 	 	 	0.00	 	 	 	42.04	 	 	 	168.19	 	 	 	168.19	 
	001163
	 	 	09/30/10	 	 	 	4,094.40	 	 	6 PTAC units - Friedrich	 	P	 	SLMM	 	 	10 00	 	 	 	4,094.40	 	 	 	11/30/10	 	 	 	0.00	 	 	 	34.12	 	 	 	102.36	 	 	 	102.36	 
	001187
	 	 	10/31/10	 	 	 	1,857.50	 	 	Repl water pressure regulator	 	P	 	SLMM	 	 	10 00	 	 	 	1,857.50	 	 	 	11/30/10	 	 	 	0.00	 	 	 	15.48	 	 	 	30.96	 	 	 	30.96	 

	 	 	 
	January 6, 2011 at 5:14 PM

	 	Page 1

 

 

 

SHP
II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Trumbull	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B	 	 	 	182,243.52	 	 	 	 	 	 	 	 	 	 	 	 	 	182,243.52	 	 	 	 	 	 	 	45,861.12	 	 	 	1,496.47	 	 	 	17,135.79	 	 	 	62,996.91	 
	Less disposals
and transfers	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	 	182,243.52	 	 	 	 	 	 	 	 	 	 	 	 	 	182,243.52	 	 	 	 	 	 	 	45,861.12	 	 	 	1,496.47	 	 	 	17,135.79	 	 	 	62,996.91	 
	Count = 40	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = BA	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000026
	 	 	12/01/04	 	 	 	20,987,712.09	 	 	Building Acquisition	 	R	 	SLMM	 	 	40 00	 	 	 	20,987,712.09	 	 	 	11/30/10	 	 	 	2,667,188.41	 	 	 	43,724.40	 	 	 	524,692.80	 	 	 	3,191,881.21	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = BA	 	 	 	20,987,712.09	 	 	 	 	 	 	 	 	 	 	 	 	 	20,987,712.09	 	 	 	 	 	 	 	2,667,188.41	 	 	 	43,724.40	 	 	 	524,692.80	 	 	 	3,191,881.21	 
	Less disposals
and transfers	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	 	20,987,712.09	 	 	 	 	 	 	 	 	 	 	 	 	 	20,987,712.09	 	 	 	 	 	 	 	2,667,188.41	 	 	 	43,724.40	 	 	 	524,692.80	 	 	 	3,191,881.21	 
	Count = 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000115
	 	 	03/23/05	 	 	 	3,053.89	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	3,053.89	 	 	 	11/30/10	 	 	 	1,450.60	 	 	 	25.45	 	 	 	305.39	 	 	 	1,755.99	 
	000116
	 	 	03/23/05	 	 	 	1,220.75	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,220.75	 	 	 	11/30/10	 	 	 	579.88	 	 	 	10.18	 	 	 	122.08	 	 	 	701.96	 
	000117
	 	 	05/19/05	 	 	 	496.73	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	496.73	 	 	 	11/30/10	 	 	 	227.67	 	 	 	4.14	 	 	 	49.67	 	 	 	277.34	 
	000118
	 	 	05/19/05	 	 	 	994.73	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	994.73	 	 	 	11/30/10	 	 	 	455.92	 	 	 	8.29	 	 	 	99.47	 	 	 	555.39	 
	000119
	 	 	05/19/05	 	 	 	1,172.42	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,172.42	 	 	 	11/30/10	 	 	 	537.35	 	 	 	9.77	 	 	 	117.24	 	 	 	654.59	 
	000120
	 	 	05/31/05	 	 	 	3,194.60	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	3,194.60	 	 	 	11/30/10	 	 	 	1,464.19	 	 	 	26.63	 	 	 	319.46	 	 	 	1,783.65	 
	000121
	 	 	08/31/05	 	 	 	1,805.43	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,805.43	 	 	 	11/30/10	 	 	 	782.34	 	 	 	15.05	 	 	 	180.54	 	 	 	962.88	 
	000122
	 	 	09/23/05	 	 	 	957.32	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	957.32	 	 	 	11/30/10	 	 	 	406.85	 	 	 	7.98	 	 	 	95.73	 	 	 	502.58	 
	000123
	 	 	02/06/06	 	 	 	998.00	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	998.00	 	 	 	11/30/10	 	 	 	390.88	 	 	 	8.32	 	 	 	99.80	 	 	 	490.68	 
	000124
	 	 	02/06/06	 	 	 	755.00	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	755.00	 	 	 	11/30/10	 	 	 	295.71	 	 	 	6.30	 	 	 	75.50	 	 	 	371.21	 
	000125
	 	 	02/22/06	 	 	 	3,445.00	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	3,445.00	 	 	 	11/30/10	 	 	 	1,320.58	 	 	 	28.71	 	 	 	344.50	 	 	 	1,665.08	 
	000126
	 	 	03/23/06	 	 	 	2,465.00	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	2,465.00	 	 	 	11/30/10	 	 	 	924.38	 	 	 	20.55	 	 	 	246.50	 	 	 	1,170.88	 
	000127
	 	 	03/31/06	 	 	 	2,372.42	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	2,372.42	 	 	 	11/30/10	 	 	 	889.65	 	 	 	19.77	 	 	 	237.24	 	 	 	1,126.89	 
	000128
	 	 	03/31/06	 	 	 	1,981.96	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,981.96	 	 	 	11/30/10	 	 	 	743.25	 	 	 	16.52	 	 	 	198.20	 	 	 	941.45	 
	000129
	 	 	04/06/06	 	 	 	2,396.66	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	2,396.66	 	 	 	11/30/10	 	 	 	898.76	 	 	 	19.98	 	 	 	239.67	 	 	 	1,138.43	 
	000130
	 	 	05/25/06	 	 	 	939.40	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	939.40	 	 	 	11/30/10	 	 	 	336.62	 	 	 	7.83	 	 	 	93.94	 	 	 	430.56	 
	000131
	 	 	08/01/06	 	 	 	698.00	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	698.00	 	 	 	11/30/10	 	 	 	238.48	 	 	 	5.82	 	 	 	69.80	 	 	 	308.28	 
	000132
	 	 	09/22/06	 	 	 	1,653.60	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,653.60	 	 	 	11/30/10	 	 	 	537.42	 	 	 	13.78	 	 	 	165.36	 	 	 	702.78	 
	000133
	 	 	09/30/06	 	 	 	487.52	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	487.52	 	 	 	11/30/10	 	 	 	158.44	 	 	 	4.07	 	 	 	48.75	 	 	 	207.19	 
	000134
	 	 	11/07/06	 	 	 	512.99	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	512.99	 	 	 	11/30/10	 	 	 	162.45	 	 	 	4.28	 	 	 	51.30	 	 	 	213.75	 
	000135
	 	 	11/21/06	 	 	 	1,528.84	 	 	Equipment	 	P	 	SLMM	 	 	10 00	 	 	 	1,528.84	 	 	 	11/30/10	 	 	 	471.38	 	 	 	12.74	 	 	 	152.88	 	 	 	624.26	 
	000608
	 	 	03/31/07	 	 	 	890.57	 	 	Amana microwave - Trimark	 	P	 	SLMM	 	 	10 00	 	 	 	890.57	 	 	 	11/30/10	 	 	 	244.91	 	 	 	7.43	 	 	 	89.06	 	 	 	333.97	 
	000609
	 	 	05/07/07	 	 	 	2,120.00	 	 	Apollo software upgrade - Nic	 	P	 	SLMM	 	 	05 00	 	 	 	2,120.00	 	 	 	11/30/10	 	 	 	1,130.67	 	 	 	35.34	 	 	 	424.00	 	 	 	1,554.67	 
	000617
	 	 	04/24/07	 	 	 	1,696.85	 	 	6 Eureka Commercial Vacuum	 	P	 	SLMM	 	 	10 00	 	 	 	1,696.85	 	 	 	11/30/10	 	 	 	452.50	 	 	 	14.15	 	 	 	169.69	 	 	 	622.19	 
	000636
	 	 	06/06/07	 	 	 	2,237.43	 	 	15 doz. silverware pieces (as	 	P	 	SLMM	 	 	10 00	 	 	 	2,237.43	 	 	 	11/30/10	 	 	 	578.00	 	 	 	18.65	 	 	 	223.74	 	 	 	801.74	 
	000650
	 	 	07/09/07	 	 	 	782.34	 	 	Repl. damper motor for dryer	 	P	 	SLMM	 	 	10 00	 	 	 	782.34	 	 	 	11/30/10	 	 	 	195.58	 	 	 	6.52	 	 	 	78.23	 	 	 	273.81	 
	000651
	 	 	07/09/07	 	 	 	6,713.10	 	 	1 electric kettle, 2 toasters - U	 	P	 	SLMM	 	 	10 00	 	 	 	6,713.10	 	 	 	11/30/10	 	 	 	1,678.28	 	 	 	55.95	 	 	 	671.31	 	 	 	2,349.59	 
	000652
	 	 	07/09/07	 	 	 	4,923.70	 	 	3 intercoms, 6 2-way radios -	 	P	 	SLMM	 	 	10 00	 	 	 	4,923.70	 	 	 	11/30/10	 	 	 	1,230.93	 	 	 	41.04	 	 	 	492.37	 	 	 	1,723.30	 
	000688
	 	 	09/22/07	 	 	 	1,880.87	 	 	2 Optiplex Computers-Dell M	 	P	 	SLMM	 	 	05 00	 	 	 	1,880.87	 	 	 	11/30/10	 	 	 	846.38	 	 	 	31.35	 	 	 	376.17	 	 	 	1,222.55	 
	000697
	 	 	10/31/07	 	 	 	6,281.85	 	 	Assorted China Dishes - US	 	P	 	SLMM	 	 	10 00	 	 	 	6,281.85	 	 	 	11/30/10	 	 	 	1,361.08	 	 	 	52.35	 	 	 	628.19	 	 	 	1,989.27	 
	000722
	 	 	11/01/07	 	 	 	901.10	 	 	2 Office 2003, 2 McAfee Sec - U	 	P	 	SLMM	 	 	05 00	 	 	 	901.10	 	 	 	11/30/10	 	 	 	390.48	 	 	 	15.02	 	 	 	180.22	 	 	 	570.70	 
	000723
	 	 	11/07/07	 	 	 	1,204.79	 	 	80 qt. mixing bowl - TriMark - U	 	P	 	SLMM	 	 	10 00	 	 	 	1,204.79	 	 	 	11/30/10	 	 	 	261.04	 	 	 	10.04	 	 	 	120.48	 	 	 	381.52	 
	000749
	 	 	01/31/08	 	 	 	2,758.16	 	 	Manual Slicer - Direct Supply	 	P	 	SLMM	 	 	10 00	 	 	 	2,758.16	 	 	 	11/30/10	 	 	 	528.65	 	 	 	22.99	 	 	 	275.82	 	 	 	804.47	 
	000750
	 	 	01/31/08	 	 	 	899.14	 	 	Countertop Induction Cooker	 	P	 	SLMM	 	 	10 00	 	 	 	899.14	 	 	 	11/30/10	 	 	 	172.33	 	 	 	7.50	 	 	 	89.91	 	 	 	262.24	 

	 	 	 
	January 6, 2011 at 5:14 PM

	 	Page 2

 

 

 

SHP
II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = Trumbull	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000793
	 	 	05/30/08	 	 	 	519.23	 	 	2 cases china tea cups - US	 	P	 	SLMM	 	 	10 00	 	 	 	519.23	 	 	 	11/30/10	 	 	 	82.21	 	 	 	4.33	 	 	 	51.92	 	 	 	134.13	 
	000804
	 	 	06/30/08	 	 	 	1,284.91	 	 	3 Kenwood radios - SMD Inc.	 	P	 	SLMM	 	 	10 00	 	 	 	1,284.91	 	 	 	11/30/10	 	 	 	192.74	 	 	 	10.71	 	 	 	128.49	 	 	 	321.23	 
	000828
	 	 	08/22/08	 	 	 	1,817.90	 	 	Carpet Extractor - Benman In	 	P	 	SLMM	 	 	10 00	 	 	 	1,817.90	 	 	 	11/30/10	 	 	 	242.39	 	 	 	15.15	 	 	 	181.79	 	 	 	424.18	 
	000829
	 	 	08/29/08	 	 	 	2,475.62	 	 	12-pan Prep Refrigerator - Di	 	P	 	SLMM	 	 	10 00	 	 	 	2,475.62	 	 	 	11/30/10	 	 	 	330.08	 	 	 	20.63	 	 	 	247.56	 	 	 	577.64	 
	000844
	 	 	09/30/08	 	 	 	1,278.39	 	 	3 Kenwood 16-channel radios	 	P	 	SLMM	 	 	10 00	 	 	 	1,278.39	 	 	 	11/30/10	 	 	 	159.80	 	 	 	10.66	 	 	 	127.84	 	 	 	287.64	 
	000861
	 	 	10/17/08	 	 	 	1,941.73	 	 	Dbl door refrigerator - Direct S	 	P	 	SLMM	 	 	10 00	 	 	 	1,941.73	 	 	 	11/30/10	 	 	 	226.53	 	 	 	16.19	 	 	 	194.17	 	 	 	420.70	 
	000911
	 	 	03/31/09	 	 	 	403.02	 	 	One large capacity washing n	 	P	 	SLMM	 	 	10 00	 	 	 	403.02	 	 	 	11/30/10	 	 	 	30.23	 	 	 	3.36	 	 	 	40.30	 	 	 	70.53	 
	000933
	 	 	05/29/09	 	 	 	1,418.49	 	 	3 Kenwood radios - SMD, Inc	 	P	 	SLMM	 	 	10 00	 	 	 	1,418.49	 	 	 	11/30/10	 	 	 	82.75	 	 	 	11.83	 	 	 	141.85	 	 	 	224.60	 
	000949
	 	 	08/31/09	 	 	 	11,835.76	 	 	Dishwasher & install - Perkins	 	P	 	SLMM	 	 	10 00	 	 	 	11,835.76	 	 	 	11/30/10	 	 	 	394.53	 	 	 	98.64	 	 	 	1,183.58	 	 	 	1,578.11	 
	000961
	 	 	08/28/09	 	 	 	1,155.71	 	 	Kitchen pans & covers - Trim	 	P	 	SLMM	 	 	10 00	 	 	 	1,155.71	 	 	 	11/30/10	 	 	 	38.52	 	 	 	9.64	 	 	 	115.57	 	 	 	154.09	 
	000973
	 	 	09/18/09	 	 	 	414.01	 	 	Kenmore super capacity drye	 	P	 	SLMM	 	 	10 00	 	 	 	414.01	 	 	 	11/30/10	 	 	 	10.35	 	 	 	3.45	 	 	 	41.40	 	 	 	51.75	 
	000995
	 	 	10/02/09	 	 	 	2,893.23	 	 	Carpet Extractor - Benman In	 	P	 	SLMM	 	 	10 00	 	 	 	2,893.23	 	 	 	11/30/10	 	 	 	72.33	 	 	 	24.11	 	 	 	289.32	 	 	 	361.65	 
	000996
	 	 	10/09/09	 	 	 	390.58	 	 	Sears Electric dryer - SS Ke	 	P	 	SLMM	 	 	10 00	 	 	 	390.58	 	 	 	11/30/10	 	 	 	9.77	 	 	 	3.26	 	 	 	39.06	 	 	 	48.83	 
	000997
	 	 	10/16/09	 	 	 	1,671.43	 	 	Garbage Disposal (main kitc	 	P	 	SLMM	 	 	10 00	 	 	 	1,671.43	 	 	 	11/30/10	 	 	 	27.86	 	 	 	13.93	 	 	 	167.14	 	 	 	195.00	 
	001004
	 	 	11/06/09	 	 	 	390.58	 	 	Sears electric dryer - SS Kem	 	P	 	SLMM	 	 	10 00	 	 	 	390.58	 	 	 	11/30/10	 	 	 	6.51	 	 	 	3.26	 	 	 	39.06	 	 	 	45.57	 
	001032
	 	 	02/28/10	 	 	 	11,100.00	 	 	60 lb. washer/extractor - Yan	 	P	 	SLMM	 	 	10 00	 	 	 	11,100.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	92.50	 	 	 	925.00	 	 	 	925.00	 
	001034
	 	 	02/19/10	 	 	 	1,763.67	 	 	Ice cream Freezer - US Food	 	P	 	SLMM	 	 	10 00	 	 	 	1,763.67	 	 	 	11/30/10	 	 	 	0.00	 	 	 	14.69	 	 	 	146.97	 	 	 	146.97	 
	001044
	 	 	03/16/10	 	 	 	1,068.48	 	 	4 upright vacuums - Benman	 	P	 	SLMM	 	 	10 00	 	 	 	1,068.48	 	 	 	11/30/10	 	 	 	0.00	 	 	 	8.90	 	 	 	80.14	 	 	 	80.14	 
	001045
	 	 	03/30/10	 	 	 	2,789.43	 	 	Reach-in refrigerator - Trimar	 	P	 	SLMM	 	 	10 00	 	 	 	2,789.43	 	 	 	11/30/10	 	 	 	0.00	 	 	 	23.24	 	 	 	209.21	 	 	 	209.21	 
	001046
	 	 	03/30/10	 	 	 	1,583.64	 	 	3 numatic vacuums - Industria	 	P	 	SLMM	 	 	10 00	 	 	 	1,583.64	 	 	 	11/30/10	 	 	 	0.00	 	 	 	13.19	 	 	 	118.77	 	 	 	118.77	 
	001079
	 	 	05/31/10	 	 	 	950.00	 	 	Check scanner - Chase Bank	 	P	 	SLMM	 	 	05 00	 	 	 	950.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	15.83	 	 	 	110.83	 	 	 	110.83	 
	001080
	 	 	05/18/10	 	 	 	1,287.48	 	 	3 Kenwood radios - SMD, Inc	 	P	 	SLMM	 	 	10 00	 	 	 	1,287.48	 	 	 	11/30/10	 	 	 	0.00	 	 	 	10.72	 	 	 	75.10	 	 	 	75.10	 
	001104
	 	 	06/30/10	 	 	 	1,266.70	 	 	Panasonic Laser Printer - Ste	 	P	 	SLMM	 	 	05 00	 	 	 	1,266.70	 	 	 	11/30/10	 	 	 	0.00	 	 	 	21.11	 	 	 	126.67	 	 	 	126.67	 
	001121
	 	 	07/13/10	 	 	 	6,660.00	 	 	A O Smith commercial water	 	P	 	SLMM	 	 	10 00	 	 	 	6,660.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	55.50	 	 	 	333.00	 	 	 	333.00	 
	001165
	 	 	09/14/10	 	 	 	2,688.15	 	 	2 Optiplex 780 computers - D	 	P	 	SLMM	 	 	05 00	 	 	 	2,688.15	 	 	 	11/30/10	 	 	 	0.00	 	 	 	44.81	 	 	 	179.21	 	 	 	179.21	 
	001203
	 	 	12/28/10	 	 	 	12,858.34	 	 	Impress Ironer(Main Laundry	 	P	 	SLMM	 	 	10 00	 	 	 	12,858.34	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	001204
	 	 	12/31/10	 	 	 	549.52	 	 	Heavy duty Emersion Blende	 	P	 	SLMM	 	 	10 00	 	 	 	549.52	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	001205
	 	 	12/31/10	 	 	 	433.56	 	 	Kenmore washer-Trimark	 	P	 	SLMM	 	 	10 00	 	 	 	433.56	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = E	 	 	 	141,309.72	 	 	 	 	 	 	 	 	 	 	 	 	 	141,309.72	 	 	 	 	 	 	 	24,250.23	 	 	 	1,144.13	 	 	 	12,426.16	 	 	 	36,676.39	 
	Less disposals
and transfers	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Subtotal	 	 	 	141,309.72	 	 	 	 	 	 	 	 	 	 	 	 	 	141,309.72	 	 	 	 	 	 	 	24,250.23	 	 	 	1,144.13	 	 	 	12,426.16	 	 	 	36,676.39	 
	Count = 62	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000027
	 	 	12/31/04	 	 	 	1,574.22	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,574.22	 	 	 	11/30/10	 	 	 	787.10	 	 	 	13.12	 	 	 	157.42	 	 	 	944.52	 
	000028
	 	 	01/31/05	 	 	 	1,924.06	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,924.06	 	 	 	11/30/10	 	 	 	946.01	 	 	 	16.04	 	 	 	192.41	 	 	 	1,138.42	 
	000029
	 	 	01/31/05	 	 	 	1,233.81	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,233.81	 	 	 	11/30/10	 	 	 	606.62	 	 	 	10.29	 	 	 	123.38	 	 	 	730.00	 
	000030
	 	 	01/31/05	 	 	 	1,233.81	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,233.81	 	 	 	11/30/10	 	 	 	606.62	 	 	 	10.29	 	 	 	123.38	 	 	 	730.00	 
	000031
	 	 	02/20/05	 	 	 	4,132.00	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	4,132.00	 	 	 	11/30/10	 	 	 	1,997.13	 	 	 	34.44	 	 	 	413.20	 	 	 	2,410.33	 
	000032
	 	 	02/28/05	 	 	 	1,130.50	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,130.50	 	 	 	11/30/10	 	 	 	546.41	 	 	 	9.43	 	 	 	113.05	 	 	 	659.46	 
	000033
	 	 	03/31/05	 	 	 	1,285.53	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,285.53	 	 	 	11/30/10	 	 	 	610.62	 	 	 	10.72	 	 	 	128.55	 	 	 	739.17	 
	000034
	 	 	03/31/05	 	 	 	1,574.22	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,574.22	 	 	 	11/30/10	 	 	 	747.75	 	 	 	13.12	 	 	 	157.42	 	 	 	905.17	 
	000035
	 	 	03/31/05	 	 	 	(500.00	)	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	(500.00	)	 	 	11/30/10	 	 	 	(237.50	)	 	 	(4.17	)	 	 	(50.00	)	 	 	(287.50	)
	000036
	 	 	04/05/05	 	 	 	2,011.62	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	2,011.62	 	 	 	11/30/10	 	 	 	955.51	 	 	 	16.77	 	 	 	201.16	 	 	 	1,156.67	 
	000037
	 	 	04/15/05	 	 	 	3,377.16	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	3,377.16	 	 	 	11/30/10	 	 	 	1,604.17	 	 	 	28.15	 	 	 	337.72	 	 	 	1,941.89	 
	000038
	 	 	05/09/05	 	 	 	1,444.25	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	1,444.25	 	 	 	11/30/10	 	 	 	674.00	 	 	 	12.04	 	 	 	144.43	 	 	 	818.43	 
	000039
	 	 	05/19/05	 	 	 	4,587.84	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	4,587.84	 	 	 	11/30/10	 	 	 	2,102.74	 	 	 	38.24	 	 	 	458.78	 	 	 	2,561.52	 
	000040
	 	 	05/31/05	 	 	 	855.47	 	 	Furniture And Fixtures	 	P	 	SLMM	 	 	10 00	 	 	 	855.47	 	 	 	11/30/10	 	 	 	392.10	 	 	 	7.13	 	 	 	85.55	 	 	 	477.65	 

	 	 	 
	January 6, 2011 at 5:14 PM

	 	Page 3

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	 	 	P	 	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	Location
= Trumbull
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class =
FF
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000041
	 	 	05/31/05	 	 	 	1,647.36	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,647.36	 	 	 	11/30/10	 	 	 	755.06	 	 	 	13.73	 	 	 	164.74	 	 	 	919.80	 
	000042
	 	 	05/31/05	 	 	 	2,010.71	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,010.71	 	 	 	11/30/10	 	 	 	921.57	 	 	 	16.76	 	 	 	201.07	 	 	 	1,122.64	 
	000043
	 	 	05/31/05	 	 	 	1,962.38	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,962.38	 	 	 	11/30/10	 	 	 	899.43	 	 	 	16.36	 	 	 	196.24	 	 	 	1,095.67	 
	000044
	 	 	06/30/05	 	 	 	652.74	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	652.74	 	 	 	11/30/10	 	 	 	293.73	 	 	 	5.44	 	 	 	65.27	 	 	 	359.00	 
	000045
	 	 	07/07/05	 	 	 	318.00	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	318.00	 	 	 	11/30/10	 	 	 	143.10	 	 	 	2.65	 	 	 	31.80	 	 	 	174.90	 
	000046
	 	 	07/07/05	 	 	 	4,057.68	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,057.68	 	 	 	11/30/10	 	 	 	1,825.96	 	 	 	33.82	 	 	 	405.77	 	 	 	2,231,73	 
	000047
	 	 	07/07/05	 	 	 	793.72	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	793.72	 	 	 	11/30/10	 	 	 	357.17	 	 	 	6.62	 	 	 	79.37	 	 	 	436.54	 
	000048
	 	 	07/07/05	 	 	 	2,544.00	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,544.00	 	 	 	11/30/10	 	 	 	1,144.80	 	 	 	21.20	 	 	 	254.40	 	 	 	1,399.20	 
	000049
	 	 	07/31/05	 	 	 	2,010.75	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,010.75	 	 	 	11/30/10	 	 	 	888.10	 	 	 	16.76	 	 	 	201.08	 	 	 	1,089.18	 
	000050
	 	 	07/31/05	 	 	 	1,347.42	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,347.42	 	 	 	11/30/10	 	 	 	595.10	 	 	 	11.23	 	 	 	134.74	 	 	 	729.84	 
	000051
	 	 	08/22/05	 	 	 	1,444.25	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,444.25	 	 	 	11/30/10	 	 	 	625.86	 	 	 	12.04	 	 	 	144.43	 	 	 	770.29	 
	000052
	 	 	08/22/05	 	 	 	2,240.00	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,240.00	 	 	 	11/30/10	 	 	 	970.67	 	 	 	18.67	 	 	 	224.00	 	 	 	1,194.67	 
	000053
	 	 	08/31/05	 	 	 	2,430.82	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,430.82	 	 	 	11/30/10	 	 	 	1,053.35	 	 	 	20.26	 	 	 	243.08	 	 	 	1.296.43	 
	000054
	 	 	08/31/05	 	 	 	1,289.99	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,289.99	 	 	 	11/30/10	 	 	 	559.01	 	 	 	10.75	 	 	 	129.00	 	 	 	688.01	 
	000055
	 	 	09/30/05	 	 	 	874.11	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	874.11	 	 	 	11/30/10	 	 	 	371.49	 	 	 	7.29	 	 	 	87.41	 	 	 	458.90	 
	000056
	 	 	09/30/05	 	 	 	874.11	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	874.11	 	 	 	11/30/10	 	 	 	371.49	 	 	 	7.29	 	 	 	87.41	 	 	 	458.90	 
	000057
	 	 	10/06/05	 	 	 	1,347.55	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,347.55	 	 	 	11/30/10	 	 	 	572.73	 	 	 	11.23	 	 	 	134.76	 	 	 	707.49	 
	000058
	 	 	10/06/05	 	 	 	1,347.55	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,347.55	 	 	 	11/30/10	 	 	 	572.73	 	 	 	11.23	 	 	 	134.76	 	 	 	707.49	 
	000059
	 	 	10/21/05	 	 	 	21,746.50	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	21,746.50	 	 	 	11/30/10	 	 	 	9,061.04	 	 	 	181.23	 	 	 	2,174.65	 	 	 	11,235.69	 
	000060
	 	 	10/21/05	 	 	 	1,962.38	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,962.38	 	 	 	11/30/10	 	 	 	817.67	 	 	 	16.36	 	 	 	196.24	 	 	 	1,013.91	 
	000061
	 	 	10/21/05	 	 	 	1,962.38	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,962.38	 	 	 	11/30/10	 	 	 	817.67	 	 	 	16.36	 	 	 	196.24	 	 	 	1,013.91	 
	000062
	 	 	11/30/05	 	 	 	1,289.98	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,289.98	 	 	 	11/30/10	 	 	 	526.76	 	 	 	10.75	 	 	 	129.00	 	 	 	655.76	 
	000063
	 	 	11/30/05	 	 	 	1,384.12	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,384.12	 	 	 	11/30/10	 	 	 	565.19	 	 	 	11.54	 	 	 	138.41	 	 	 	703.60	 
	000064
	 	 	11/30/05	 	 	 	1,384.12	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,384.12	 	 	 	11/30/10	 	 	 	565.19	 	 	 	11.54	 	 	 	138.41	 	 	 	703.60	 
	000065
	 	 	12/05/05	 	 	 	7,989.00	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	7,989.00	 	 	 	11/30/10	 	 	 	3,262.18	 	 	 	66.58	 	 	 	798.90	 	 	 	4,061.08	 
	000066
	 	 	12/31/05	 	 	 	880.99	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	880.99	 	 	 	11/30/10	 	 	 	352.40	 	 	 	7.35	 	 	 	88.10	 	 	 	440.50	 
	000067
	 	 	01/31/06	 	 	 	833.20	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	833.20	 	 	 	11/30/10	 	 	 	326.34	 	 	 	6.95	 	 	 	83.32	 	 	 	409.66	 
	000068
	 	 	02/28/06	 	 	 	1,962.38	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,962.38	 	 	 	11/30/10	 	 	 	752.25	 	 	 	16.36	 	 	 	196.24	 	 	 	948.49	 
	000069
	 	 	02/28/06	 	 	 	2,300.37	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,300.37	 	 	 	11/30/10	 	 	 	881.83	 	 	 	19.17	 	 	 	230.04	 	 	 	1,111.87	 
	000070
	 	 	02/28/06	 	 	 	21,595.27	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	21,595.27	 	 	 	11/30/10	 	 	 	8,278.20	 	 	 	179.97	 	 	 	2,159.53	 	 	 	10,437.73	 
	000071
	 	 	02/28/06	 	 	 	8,414.33	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	8,414.33	 	 	 	11/30/10	 	 	 	3,225.50	 	 	 	70.12	 	 	 	841.43	 	 	 	4,066.93	 
	000072
	 	 	02/28/06	 	 	 	1,827.10	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,827.10	 	 	 	11/30/10	 	 	 	700.39	 	 	 	15.23	 	 	 	182.71	 	 	 	883.10	 
	000073
	 	 	02/28/06	 	 	 	1,364.58	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,364.58	 	 	 	11/30/10	 	 	 	523.10	 	 	 	11.38	 	 	 	136.46	 	 	 	659.56	 
	000074
	 	 	03/23/06	 	 	 	2,470.81	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,470.81	 	 	 	11/30/10	 	 	 	926.55	 	 	 	20.59	 	 	 	247.08	 	 	 	1,173.63	 
	000075
	 	 	03/23/06	 	 	 	738.60	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	738.60	 	 	 	11/30/10	 	 	 	276.98	 	 	 	6.16	 	 	 	73.86	 	 	 	350.84	 
	000076
	 	 	03/23/06	 	 	 	250.00	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	250.00	 	 	 	11/30/10	 	 	 	93.75	 	 	 	2.09	 	 	 	25.00	 	 	 	118.75	 
	000077
	 	 	03/23/06	 	 	 	3,429.10	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,429.10	 	 	 	11/30/10	 	 	 	1,285.91	 	 	 	28.58	 	 	 	342.91	 	 	 	1,628.82	 
	000078
	 	 	03/31/06	 	 	 	(2,400.60	)	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	(2,400.60	)	 	 	11/30/10	 	 	 	(900.23	)	 	 	(20.01	)	 	 	(240.06	)	 	 	(1,140.29	)
	000079
	 	 	04/06/06	 	 	 	1,962.38	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,962.38	 	 	 	11/30/10	 	 	 	735.90	 	 	 	16.36	 	 	 	196.24	 	 	 	932.14	 
	000080
	 	 	04/06/06	 	 	 	424.57	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	424.57	 	 	 	11/30/10	 	 	 	159.22	 	 	 	3.54	 	 	 	42.46	 	 	 	201.68	 
	000081
	 	 	04/06/06	 	 	 	635.54	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	635.54	 	 	 	11/30/10	 	 	 	238.32	 	 	 	5.30	 	 	 	63.55	 	 	 	301.87	 
	000082
	 	 	04/06/06	 	 	 	1,647.36	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,647.36	 	 	 	11/30/10	 	 	 	617.77	 	 	 	13.73	 	 	 	164.74	 	 	 	782.51	 
	000083
	 	 	04/06/06	 	 	 	2,932.75	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,932.75	 	 	 	11/30/10	 	 	 	1,099.80	 	 	 	24.44	 	 	 	293.28	 	 	 	1,393.08	 
	000084
	 	 	04/25/06	 	 	 	4,073.26	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,073.26	 	 	 	11/30/10	 	 	 	1,493.54	 	 	 	33.95	 	 	 	407.33	 	 	 	1,900.87	 
	000085
	 	 	04/25/06	 	 	 	977.95	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	977.95	 	 	 	11/30/10	 	 	 	358.61	 	 	 	8.15	 	 	 	97.80	 	 	 	456.41	 
	000086
	 	 	04/30/06	 	 	 	(60.00	)	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	(60.00	)	 	 	11/30/10	 	 	 	(22.00	)	 	 	(0.50	)	 	 	(6.00	)	 	 	(28.00	)
	000087
	 	 	05/09/06	 	 	 	797.07	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	797.07	 	 	 	11/30/10	 	 	 	292.27	 	 	 	6.65	 	 	 	79.71	 	 	 	371.98	 
	000088
	 	 	05/25/06	 	 	 	6,700.00	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	6,700.00	 	 	 	11/30/10	 	 	 	2,400.83	 	 	 	55.84	 	 	 	670.00	 	 	 	3,070.83	 
	000089
	 	 	06/07/06	 	 	 	1,304.57	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,304.57	 	 	 	11/30/10	 	 	 	467.48	 	 	 	10.88	 	 	 	130.46	 	 	 	597.94	 
	000090
	 	 	06/07/06	 	 	 	4,073.26	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,073.26	 	 	 	11/30/10	 	 	 	1,459.60	 	 	 	33.95	 	 	 	407.33	 	 	 	1,866.93	 

			
	 	 	 
	January 6, 2011 at 5:14 PM
	 	Page 4

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	 	 	P	 	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	Location
= Trumbull
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class
= FF
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000091
	 	 	06/30/06	 	 	 	(1,790.00	)	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	(1,790.00	)	 	 	11/30/10	 	 	 	(626.50	)	 	 	(14.92	)	 	 	(179.00	)	 	 	(805.50	)
	000092
	 	 	07/06/06	 	 	 	1,289.99	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,289.99	 	 	 	11/30/10	 	 	 	451.50	 	 	 	10.75	 	 	 	129.00	 	 	 	580.50	 
	000093
	 	 	07/06/06	 	 	 	874.11	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	874.11	 	 	 	11/30/10	 	 	 	305.94	 	 	 	7.29	 	 	 	87.41	 	 	 	393.35	 
	000094
	 	 	07/06/06	 	 	 	1,304.57	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,304.57	 	 	 	11/30/10	 	 	 	456.61	 	 	 	10.88	 	 	 	130.46	 	 	 	587.07	 
	000095
	 	 	07/26/06	 	 	 	1,962.38	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,962.38	 	 	 	11/30/10	 	 	 	670.49	 	 	 	16.36	 	 	 	196.24	 	 	 	866.73	 
	000096
	 	 	07/26/06	 	 	 	1,289.99	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,289.99	 	 	 	11/30/10	 	 	 	440.76	 	 	 	10.75	 	 	 	129.00	 	 	 	569.76	 
	000097
	 	 	07/26/06	 	 	 	2,220.00	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,220.00	 	 	 	11/30/10	 	 	 	758.50	 	 	 	18.50	 	 	 	222.00	 	 	 	980.50	 
	000098
	 	 	07/26/06	 	 	 	6,682.15	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	6,682.15	 	 	 	11/30/10	 	 	 	2,283.08	 	 	 	55.69	 	 	 	668.22	 	 	 	2,951.30	 
	000099
	 	 	07/31/06	 	 	 	874.11	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	874.11	 	 	 	11/30/10	 	 	 	298.65	 	 	 	7.29	 	 	 	87.41	 	 	 	386.06	 
	000100
	 	 	08/08/06	 	 	 	901.74	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	901.74	 	 	 	11/30/10	 	 	 	308.08	 	 	 	7.52	 	 	 	90.17	 	 	 	398.25	 
	000101
	 	 	09/07/06	 	 	 	1,289.99	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,289.99	 	 	 	11/30/10	 	 	 	430.00	 	 	 	10.75	 	 	 	129.00	 	 	 	559.00	 
	000102
	 	 	09/12/06	 	 	 	2,593.36	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,593.36	 	 	 	11/30/10	 	 	 	864.47	 	 	 	21.62	 	 	 	259.34	 	 	 	1,123.81	 
	000103
	 	 	09/22/06	 	 	 	1,962.38	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,962.38	 	 	 	11/30/10	 	 	 	637.78	 	 	 	16.36	 	 	 	196.24	 	 	 	834.02	 
	000104
	 	 	09/22/06	 	 	 	1,306.38	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,306.38	 	 	 	11/30/10	 	 	 	424.58	 	 	 	10.89	 	 	 	130.64	 	 	 	555.22	 
	000105
	 	 	09/22/06	 	 	 	1,289.99	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,289.99	 	 	 	11/30/10	 	 	 	419.26	 	 	 	10.75	 	 	 	129.00	 	 	 	548.26	 
	000106
	 	 	10/01/06	 	 	 	3,581.00	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,581.00	 	 	 	11/30/10	 	 	 	1,163.83	 	 	 	29.85	 	 	 	358.10	 	 	 	1,521.93	 
	000107
	 	 	10/05/06	 	 	 	2,593.36	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,593.36	 	 	 	11/30/10	 	 	 	842.85	 	 	 	21.62	 	 	 	259.34	 	 	 	1,102.19	 
	000108
	 	 	11/21/06	 	 	 	1,647.36	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,647.36	 	 	 	11/30/10	 	 	 	507.96	 	 	 	13.73	 	 	 	164.74	 	 	 	672.70	 
	000109
	 	 	11/21/06	 	 	 	770.81	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	770.81	 	 	 	11/30/10	 	 	 	237.66	 	 	 	6.43	 	 	 	77.08	 	 	 	314.74	 
	000110
	 	 	11/21/06	 	 	 	1,289.99	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,289.99	 	 	 	11/30/10	 	 	 	397.76	 	 	 	10.75	 	 	 	129.00	 	 	 	526.76	 
	000111
	 	 	11/30/06	 	 	 	(300.00	)	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	(300.00	)	 	 	11/30/10	 	 	 	(92.50	)	 	 	(2.50	)	 	 	(30.00	)	 	 	(122.50	)
	000112
	 	 	11/30/06	 	 	 	(390.00	)	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	(390.00	)	 	 	11/30/10	 	 	 	(120.25	)	 	 	(3.25	)	 	 	(39.00	)	 	 	(159.25	)
	000113
	 	 	12/11/06	 	 	 	1,288.96	 	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,288.96	 	 	 	11/30/10	 	 	 	397.44	 	 	 	10.75	 	 	 	128.90	 	 	 	526.34	 
	000114
	 	 	12/31/06	 	 	 	(475.00	)	 	Furniture And Fixtures	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	(475.00	)	 	 	11/30/10	 	 	 	(142.50	)	 	 	(3.96	)	 	 	(47.50	)	 	 	(190.00	)
	000586
	 	 	01/23/07	 	 	 	7,985.64	 	 	Cpt Repl (# 111, 343,344,320,	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	7,985.64	 	 	 	11/30/10	 	 	 	2,329.14	 	 	 	66.55	 	 	 	798.56	 	 	 	3,127.70	 
	000593
	 	 	02/06/07	 	 	 	1,402.35	 	 	Cpt Repl (# 249)- Courtesy C	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,402.35	 	 	 	11/30/10	 	 	 	409.03	 	 	 	11.69	 	 	 	140.24	 	 	 	549.27	 
	000606
	 	 	03/21/07	 	 	 	4,699.57	 	 	Cpt Repl (# 228,255,106) -Co	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,699.57	 	 	 	11/30/10	 	 	 	1,292.39	 	 	 	39.17	 	 	 	469.96	 	 	 	1,762.35	 
	000607
	 	 	03/06/07	 	 	 	1,335.60	 	 	Reupholstery (4 ofc chairs, A	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,335.60	 	 	 	11/30/10	 	 	 	378.42	 	 	 	11.13	 	 	 	133.56	 	 	 	511.98	 
	000615
	 	 	04/05/07	 	 	 	4,891.53	 	 	930 Energy-elf light bulbs-Co	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,891.53	 	 	 	11/30/10	 	 	 	1,345.17	 	 	 	40.77	 	 	 	489.15	 	 	 	1,834.32	 
	000616
	 	 	04/30/07	 	 	 	(650.00	)	 	Cpt Rpl. Reimbursements - A	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	(650.00	)	 	 	11/30/10	 	 	 	(173.33	)	 	 	(5.42	)	 	 	(65.00	)	 	 	(238.33	)
	000632
	 	 	05/07/07	 	 	 	1,849.30	 	 	Repl Cpt (#130) - Courtesy C	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,849.30	 	 	 	11/30/10	 	 	 	493.15	 	 	 	15.42	 	 	 	184.93	 	 	 	678.08	 
	000649
	 	 	07/09/07	 	 	 	1,418.42	 	 	Cpt Repl - Courtesy Carpet	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,418.42	 	 	 	11/30/10	 	 	 	354.60	 	 	 	11.82	 	 	 	141.84	 	 	 	496.44	 
	000671
	 	 	08/23/07	 	 	 	4,369.05	 	 	Carpet Repl - Courtesy Carp	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,369.05	 	 	 	11/30/10	 	 	 	1,019.46	 	 	 	36.41	 	 	 	436.91	 	 	 	1,456.37	 
	000686
	 	 	09/30/07	 	 	 	4,285.20	 	 	Carpet Repl - Courtesy Carp	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,285.20	 	 	 	11/30/10	 	 	 	964.17	 	 	 	35.71	 	 	 	428.52	 	 	 	1,392.69	 
	000687
	 	 	04/25/08	 	 	 	16,383.69	 	 	Carpet Repl (2nd, 3rd Fl)-Cour	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	16,383.69	 	 	 	11/30/10	 	 	 	2,730.62	 	 	 	136.54	 	 	 	1,638.37	 	 	 	4,368.99	 
	000721
	 	 	11/30/07	 	 	 	1,160.88	 	 	Carpet Repl - Courtesy Carp	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,160.88	 	 	 	11/30/10	 	 	 	241.85	 	 	 	9.68	 	 	 	116.09	 	 	 	357.94	 
	000727
	 	 	12/07/07	 	 	 	5,747.25	 	 	Carpet Repl - Courtesy Carp	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,747.25	 	 	 	11/30/10	 	 	 	1,197.35	 	 	 	47.90	 	 	 	574.73	 	 	 	1,772.08	 
	000751
	 	 	01/31/08	 	 	 	2,285.00	 	 	6 light fixtures (canopy) - Univ	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,285.00	 	 	 	11/30/10	 	 	 	437.96	 	 	 	19.05	 	 	 	228.50	 	 	 	666.46	 
	000752
	 	 	01/31/08	 	 	 	1,908.94	 	 	Carpet Repl - Courtesy Carp	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,908.94	 	 	 	11/30/10	 	 	 	365.88	 	 	 	15.91	 	 	 	190.89	 	 	 	556.77	 
	000775
	 	 	04/25/08	 	 	 	9,484.18	 	 	Carpet/Vinyl Repl (various ap	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	9,484.18	 	 	 	11/30/10	 	 	 	1,580.70	 	 	 	79.04	 	 	 	948.42	 	 	 	2,529.12	 
	000792
	 	 	05/31/08	 	 	 	2,852.24	 	 	Cpt repl (116E, 313C)-Court	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,852.24	 	 	 	11/30/10	 	 	 	451.60	 	 	 	23.77	 	 	 	285.22	 	 	 	736.82	 
	000803
	 	 	06/30/08	 	 	 	4,558.84	 	 	Cpt Repl (#300,319,330) - Co	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,558.84	 	 	 	11/30/10	 	 	 	683.82	 	 	 	37.99	 	 	 	455.88	 	 	 	1,139.70	 
	000817
	 	 	07/31/08	 	 	 	2,877.64	 	 	Carpet Repl. (# 306,308) - Co	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,877.64	 	 	 	11/30/10	 	 	 	407.66	 	 	 	23.98	 	 	 	287.76	 	 	 	695.42	 
	000827
	 	 	08/31/08	 	 	 	1,653.46	 	 	Carpet Repl (#209-D, 350-A)	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,653.46	 	 	 	11/30/10	 	 	 	220.47	 	 	 	13.78	 	 	 	165.35	 	 	 	385.82	 
	000843
	 	 	09/30/08	 	 	 	3,147.64	 	 	Carpet Repl (#237G, #101D)	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,147.64	 	 	 	11/30/10	 	 	 	393.45	 	 	 	26.23	 	 	 	314.76	 	 	 	708.21	 
	000860
	 	 	10/24/08	 	 	 	7,473.32	 	 	Carpet Repl (#337,201,328,3)	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	7,473.32	 	 	 	11/30/10	 	 	 	871.89	 	 	 	62.28	 	 	 	747.33	 	 	 	1,619.22	 
	000873
	 	 	11/28/08	 	 	 	8,670.88	 	 	Carpet/Vinyl Repl (#131G,11	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	8,670.88	 	 	 	11/30/10	 	 	 	939.35	 	 	 	72.26	 	 	 	867.09	 	 	 	1,806.44	 
	000885
	 	 	12/12/08	 	 	 	828.76	 	 	Carpet Repl (#300,304) - Co	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	828.76	 	 	 	11/30/10	 	 	 	89.79	 	 	 	6.91	 	 	 	82.88	 	 	 	172.67	 
	000893
	 	 	01/31/09	 	 	 	6,676.48	 	 	Cpt Repl (#136,205,256,355)	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	6,676.48	 	 	 	11/30/10	 	 	 	612.01	 	 	 	55.64	 	 	 	667.65	 	 	 	1,279.66	 
	000899
	 	 	02/28/09	 	 	 	(998.00	)	 	Carpet Repl. Reimb - February	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	(998.00	)	 	 	11/30/10	 	 	 	(83.17	)	 	 	(8.32	)	 	 	(99.80	)	 	 	(182.97	)

			
	 	 	 
	January 6, 2011 at 5:14 PM
	 	Page 5

 

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location
=
Trumbull	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class =
FF
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000910
	 	 	03/31/09	 	 	 	7,856.33	 	 	Carpet repl.(#111G2,202C,3	 	P	 	SLMM	 	 	10 00	 	 	 	7,856.33	 	 	 	11/30/10	 	 	 	589.23	 	 	 	65.47	 	 	 	785.63	 	 	 	1,374.86	 
	000919
	 	 	04/24/09	 	 	 	3,684.17	 	 	Cpt Repl. (#225E,338D) - Co	 	P	 	SLMM	 	 	10 00	 	 	 	3,684.17	 	 	 	11/30/10	 	 	 	245.61	 	 	 	30.71	 	 	 	368.42	 	 	 	614.03	 
	000932
	 	 	05/22/09	 	 	 	3,118.46	 	 	Cpt/vinyl repl. #150,344 - Co	 	P	 	SIMM	 	 	10 00	 	 	 	3,118.46	 	 	 	11/30/10	 	 	 	181.91	 	 	 	25.99	 	 	 	311.85	 	 	 	493.76	 
	000939
	 	 	06/26/09	 	 	 	6,236.68	 	 	Carpet Repl (#231,133,247,3	 	P	 	SLMM	 	 	10 00	 	 	 	6,236.68	 	 	 	11/30/10	 	 	 	311.83	 	 	 	51.98	 	 	 	623.67	 	 	 	935.50	 
	000947
	 	 	07/17/09	 	 	 	1,611.83	 	 	Cpt Repl # 112-Courtesy Carp	 	P	 	SLMM	 	 	10 00	 	 	 	1,611.83	 	 	 	11/30/10	 	 	 	67.16	 	 	 	13.44	 	 	 	161.18	 	 	 	228.34	 
	000948
	 	 	08/28/09	 	 	 	21,451.41	 	 	Carpet-Main front entrance h	 	P	 	SLMM	 	 	10 00	 	 	 	21,451.41	 	 	 	11/30/10	 	 	 	715.05	 	 	 	178.77	 	 	 	2,145.14	 	 	 	2,860.19	 
	000960
	 	 	08/07/09	 	 	 	3,722.32	 	 	Carpet/vinyl Rspt #311 - Cou	 	P	 	SLMM	 	 	10 00	 	 	 	3,722.32	 	 	 	11/30/10	 	 	 	155.10	 	 	 	31.02	 	 	 	372.23	 	 	 	527.33	 
	000972
	 	 	09/11/09	 	 	 	4,742.37	 	 	Carpet Repl (254B, 223) - C	 	P	 	SLMM	 	 	10 00	 	 	 	4,742.37	 	 	 	11/30/10	 	 	 	158.08	 	 	 	39.52	 	 	 	474.24	 	 	 	632.32	 
	000998
	 	 	10/23/09	 	 	 	5,109.80	 	 	Cpt repl. (#248B,116,250) - C	 	P	 	SLMM	 	 	10 00	 	 	 	5,109.80	 	 	 	11/30/10	 	 	 	85.16	 	 	 	42.59	 	 	 	510.98	 	 	 	596.14	 
	001003
	 	 	11/20/09	 	 	 	7,337.97	 	 	Carpet/vinyl repl (#137,200) 	 	P	 	SLMM	 	 	10 00	 	 	 	7,337.97	 	 	 	11/30/10	 	 	 	61.15	 	 	 	61.15	 	 	 	733.80	 	 	 	794.95	 
	001008
	 	 	12/31/09	 	 	 	6,972.08	 	 	Carpet Repl (#241,249,149,3	 	P	 	SLMM	 	 	10 00	 	 	 	6,972.08	 	 	 	11/30/10	 	 	 	0.00	 	 	 	58.11	 	 	 	697.21	 	 	 	697.21	 
	001033
	 	 	02/28/10	 	 	 	2,410.63	 	 	Carpet/vinyl repl. (#110D,235	 	P	 	SLMM	 	 	10 00	 	 	 	2,410.63	 	 	 	11/30/10	 	 	 	0.00	 	 	 	20.08	 	 	 	200.89	 	 	 	200.89	 
	001043
	 	 	03/30/10	 	 	 	8,497.86	 	 	Carpet/floor repl. (#2380,138	 	P	 	SLMM	 	 	10 00	 	 	 	8,497.86	 	 	 	11/30/10	 	 	 	0.00	 	 	 	70.81	 	 	 	637.34	 	 	 	637.34	 
	001061
	 	 	04/30/10	 	 	 	7,035.58	 	 	Carpet/vinyl repl. ($235,333G	 	P	 	SLMM	 	 	10 00	 	 	 	7,035.58	 	 	 	11/30/10	 	 	 	0.00	 	 	 	58.63	 	 	 	469.04	 	 	 	469.04	 
	001062
	 	 	04/30/10	 	 	 	4,025.88	 	 	Patio furn - 16 chairs, 6 tables	 	P	 	SLMM	 	 	10 00	 	 	 	4,025.88	 	 	 	11/30/10	 	 	 	0.00	 	 	 	33.54	 	 	 	268.39	 	 	 	268.39	 
	001078
	 	 	05/25/10	 	 	 	4,803.97	 	 	Carpet/vinyl repl (#113C, 317	 	P	 	SLMM	 	 	10 00	 	 	 	4,803.97	 	 	 	11/30/10	 	 	 	0.00	 	 	 	40.03	 	 	 	280.23	 	 	 	280.23	 
	001103
	 	 	06/29/10	 	 	 	4,043.11	 	 	Carpet Repl (#228D, 244B) 	 	P	 	SLMM	 	 	10 00	 	 	 	4,043.11	 	 	 	11/30/10	 	 	 	0.00	 	 	 	33.69	 	 	 	202.16	 	 	 	202.16	 
	001122
	 	 	07/27/10	 	 	 	2,182.29	 	 	Cpt Repl (#216-E) - Courtesy	 	P	 	SLMM	 	 	10 00	 	 	 	2,182.29	 	 	 	11/30/10	 	 	 	0.00	 	 	 	18.18	 	 	 	90.93	 	 	 	90.93	 
	001144
	 	 	08/31/10	 	 	 	5,401.88	 	 	Repl. carpet/vinyl (#150A, 305	 	P	 	SLMM	 	 	10 00	 	 	 	5,401.88	 	 	 	11/30/10	 	 	 	0.00	 	 	 	45.01	 	 	 	180.06	 	 	 	180.06	 
	001164
	 	 	09/28/10	 	 	 	3,147.99	 	 	Carpet Repl (#213C, 251) - C	 	P	 	SLMM	 	 	10 00	 	 	 	3,147.99	 	 	 	11/30/10	 	 	 	0.00	 	 	 	26.23	 	 	 	78.70	 	 	 	78.70	 
	001188
	 	 	10/26/10	 	 	 	5,693.58	 	 	Carpet/floor repl. (#135G, 102	 	P	 	SLMM	 	 	10 00	 	 	 	5,693.58	 	 	 	11/30/10	 	 	 	0.00	 	 	 	47.44	 	 	 	94.89	 	 	 	94.89	 
	001192
	 	 	11/30/10	 	 	 	8,507.80	 	 	Carpet/vinyl Repl. (#253,132	 	P	 	SLMM	 	 	10 00	 	 	 	8,507.80	 	 	 	11/30/10	 	 	 	0.00	 	 	 	70.90	 	 	 	70.90	 	 	 	70.90	 
	001193
	 	 	12/21/10	 	 	 	26,014.26	 	 	Repl Cpt/border (Main DR)	 	P	 	SLMM	 	 	10 00	 	 	 	26,014.26	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	001194
	 	 	11/23/10	 	 	 	30,348.57	 	 	Repl Kitchen Floor-TC Facilit	 	P	 	SLMM	 	 	10 00	 	 	 	30,348.57	 	 	 	11/30/10	 	 	 	0.00	 	 	 	252.91	 	 	 	252.91	 	 	 	252.91	 
	001195
	 	 	11/30/10	 	 	 	35,421.28	 	 	140 Main DR armchairs-Direc	 	P	 	SLMM	 	 	10 00	 	 	 	35,421.28	 	 	 	11/30/10	 	 	 	0.00	 	 	 	295.18	 	 	 	295.18	 	 	 	295.18	 
	001206
	 	 	12/31/10	 	 	 	5,136.24	 	 	Carpet Repl.(#206E,101D)-C	 	P	 	SLMM	 	 	10 00	 	 	 	5,136.24	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class
= FF
	 	 	526,780.77	 	 	 	 	 	 	 	 	 	 	 	 	 	526,780.77	 	 	 	 	 	 	 	100,339.80	 	 	 	4,130.70	 	 	 	40,532.70	 	 	 	140,872.50	 
	Less
disposals
and
transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net
Subtotal
	 	 	526,780.77	 	 	 	 	 	 	 	 	 	 	 	 	 	526,780.77	 	 	 	 	 	 	 	100,339.80	 	 	 	4,130.70	 	 	 	40,532.70	 	 	 	140,872.50	 
	Count
= 140
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class
= LA
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000006
	 	 	12/01/04	 	 	 	23,500,000.00	 	 	Land Acquisition	 	R	 	NoDep	 	 	00 00	 	 	 	23,500,000.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	000007
	 	 	12/01/04	 	 	 	(21,015,598.00	)	 	Land Acquisition	 	R	 	NoDep	 	 	00 00	 	 	 	(21,015,598.00	)	 	 	11/30/10	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class
= LA
	 	 	2,484,402.00	 	 	 	 	 	 	 	 	 	 	 	 	 	2,484,402.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Less disposals and transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count
= 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net
Subtotal
	 	 	2,484,402.00	 	 	 	 	 	 	 	 	 	 	 	 	 	2,484,402.00	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	Count
= 2
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class
= LI
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000001
	 	 	07/31/05	 	 	 	19,080.00	 	 	Land Improvements	 	R	 	SLMM	 	 	20 00	 	 	 	19,080.00	 	 	 	11/30/10	 	 	 	4,213.50	 	 	 	79.50	 	 	 	954.00	 	 	 	5,167.50	 
	000002
	 	 	07/26/06	 	 	 	2,565.20	 	 	Land Improvements	 	R	 	SLMM	 	 	20 00	 	 	 	2,565.20	 	 	 	11/30/10	 	 	 	438.22	 	 	 	10.69	 	 	 	128.26	 	 	 	566.48	 
	000003
	 	 	09/30/06	 	 	 	4,611.00	 	 	Land Improvements	 	R	 	SLMM	 	 	20 00	 	 	 	4,611.00	 	 	 	11/30/10	 	 	 	749.29	 	 	 	19.22	 	 	 	230.55	 	 	 	979.84	 
	000004
	 	 	11/30/06	 	 	 	4,325.00	 	 	Land Improvements	 	R	 	SLMM	 	 	20 00	 	 	 	4,325.00	 	 	 	11/30/10	 	 	 	666.77	 	 	 	18.03	 	 	 	216.25	 	 	 	883.02	 
	000005
	 	 	12/31/05	 	 	 	4,325.00	 	 	Land Improvements	 	R	 	SLMM	 	 	20 00	 	 	 	4,325.00	 	 	 	11/30/10	 	 	 	648.75	 	 	 	18.03	 	 	 	216.25	 	 	 	865.00	 
	000630
	 	 	05/22/07	 	 	 	2,581.10	 	 	Seal cracks/restripe parking 	 	R	 	SLMM	 	 	20 00	 	 	 	2,581.10	 	 	 	11/30/10	 	 	 	333.40	 	 	 	10.76	 	 	 	129.06	 	 	 	462.46	 

			
	 	 	 
	January 6, 2011 at 5:14 PM
	 	Page 6

 

 

SHP II/Pru JV-Depr/Corp4SpringM

Depreciation Expense Report

As of December 31, 2010

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	Acquired	 	 	 	 	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Value	 	 	Description	 	 	T	 	 	Meth	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location
= Trumbull
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LI
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000647
	 	 	07/09/07	 	 	 	2,581.10	 	 	Seal cracks, line striping in pa	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,581.10	 	 	 	11/30/10	 	 	 	645.28	 	 	 	21.51	 	 	 	258.11	 	 	 	903.39	 
	000669
	 	 	08/20/07	 	 	 	11,183.00	 	 	Resurface parking lot stairs	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	11,183.00	 	 	 	11/30/10	 	 	 	2,609.37	 	 	 	93.20	 	 	 	1,118.30	 	 	 	3,727.67	 
	001142
	 	 	08/31/10	 	 	 	5,700.00	 	 	Apply 2 coatings finish (patio)	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,700.00	 	 	 	11/30/10	 	 	 	0.00	 	 	 	47.50	 	 	 	190.00	 	 	 	190.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class
= LI
	 	 	56,951.40	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	56,951.40	 	 	 	 	 	 	 	10,304.58	 	 	 	318.44	 	 	 	3,440.78	 	 	 	13,745.36	 
	Less
disposals
and
transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count
= 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net
Subtotal
	 	 	56,951.40	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	56,951.40	 	 	 	 	 	 	 	10,304.58	 	 	 	318.44	 	 	 	3,440.78	 	 	 	13,745.36	 
	Count
= 9
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location
= Trumbull
	 	 	24,431,916.42	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	24,431,916.42	 	 	 	 	 	 	 	2.853,195.83	 	 	 	51,689.43	 	 	 	608,731.61	 	 	 	3,461.927.44	 
	Less
disposals
and
transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count
= 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net
Subtotal
	 	 	24,431,916.42	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	24,431,916.42	 	 	 	 	 	 	 	2,853,195.83	 	 	 	51,689.43	 	 	 	608,731.61	 	 	 	3,461,927.44	 
	Count
= 256
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grand
Total
	 	 	24,431,916.42	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	24,431,916.42	 	 	 	 	 	 	 	2,853,195.83	 	 	 	51,689.43	 	 	 	608,731.61	 	 	 	3,461,927.44	 
	Less
disposals
and
transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	Count
= 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net
Grand
Total
	 	 	24,431,916.42	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	24,431,916.42	 	 	 	 	 	 	 	2,853,195.83	 	 	 	51,689.43	 	 	 	608,731.61	 	 	 	3,461,927.44	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Count
= 256
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Report Assumptions

Report Name: Depreciation Expense w/Descriptions

Source Report: Depreciation Expense

Calculation Assumptions:

     Short Year: none

     Include Sec 168 Allowance & Sec 179; No

     Adjustment Convention: None

Group/Sorting Criteria:

     Group = Trumbull

     Include Assets that meet the following conditions: Location is Trumbull

     Sorted by: Location (with subtotals), Class (with subtotals), System No, Extension

			
	 	 	 
	January 6, 2011 at 5:14 PM
	 	Page 7

 

 

EXHIBIT E: DOCUMENTS TO BE DELIVERED

	 	 	 	 	 	 	 
	 	 	 	 	Entity Names as of XXXXX

	Operator

	 	Capital Senior Living
	 	Parent
	 	Capital Senior Living Corporation
	Agreement

	 	Master Lease 3
	 	Tenant
	 	TBD
	Asset Manager

	 	DRR
	 	Subtenant
	 	See Exhibit C of Master Lease
	Fiscal Year End

	 	December 31
	 	Entity Guarantor
	 	Capital Senior Living Properties, Inc.

	 	 	 	 	 
	 	 	 	 	 
	 

	 	Key	 	signifies requirement is due during this month
	 

	 	E
	 	Received Electronically
	 

	 	P
	 	Received Paper Copy

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Jan	 	 	Feb	 	 	Mar	 	 	Apr	 	 	May	 	 	Jun	 	 	Jul	 	 	Aug	 	 	Sep	 	 	Oct	 	 	Nov	 	 	Dec	 
	Financial Statements

	1 Annual Audited Parent Financial Statement — to be delivered as soon
as available but in no event later than 120 days from FYE
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2 Tenant’s Periodic Financial Statement 

(Quarterly) — to be
delivered as soon as available, but in no event later than 45
days after quarter end
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3 Entity Guarantor’s Periodic Financial Statement
(Quarterly) — to be delivered as soon as available, but
in no event later than 45 days after quarter end
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	4 Monthly Facility Financial Statements — to be delivered
as soon as available but in no event later than 30 days from
month end. Financial Statements should be in Microsoft Excel format.
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	5 Monthly Facility Trial Balances — to be delivered as soon
as available but in no event later than 30 days from month end.
Trial Balances should be in Microsoft Excel format.
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Census Data

	1 Monthly Census Report including average patients
per day or total patients by payor type — to be delivered
with Facility Financial Statements
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2 Weekly Census Report for all Facilities that are in ‘Fill-up’
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3 Monthly Rent Roll upon HCN Request
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Budgets

	1 Annual Facility Budget — to be delivered as soon as
available but in no event later than 30 days prior to FYE
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2 Annual Capital Expenditure Report — to be delivered as
soon as available but in no event later than 30 days
prior to fiscal year end
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Certifications

	1 Quarterly Financial Certification — with delivery
of Tenant financial statements (Exhibit F)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2 Annual Facility Capital Expenditure Certificate
(Exhibit G) — within 120 days of FYE
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3 Annual Facility Configuration Certificate (Exhibit M) — to
be delivered with Tenant’s Annual Financials
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Other Documents

	1 Certificate of Insurance Renewal
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2 Evidence of Annual Licensure Renewal
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3 Set up quarterly variance call upon the request of HCN
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	4 Copies of all Management Letters as well as adjustments
made by Management and those made at the Advice of an Independent
Auditor — to be delivered as soon available, but in no event
later than with the delivery of the Audit (Upon HCN Request)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	5 Updates to Operator Profile (Semi Annual)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	6 State and Federal Health Survey Reports for each Facility
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	7 Monthly management reports showing the number of inquiries,
rental applications received, deposits received, and an accounting
of all security deposits (upon request by servicer of the
Freddie Mac debt)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Documents to be Delivered in the Event of Default or Upon Request
	1 security deposit report (resident name, date of move-in) with a monthly update
	 	Not Applicable	 
	2 report accounting for all resident trust funds, including trust
fund deposit bank accounts
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3 a schedule and copies of any equipment leases, and financings
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	4 a schedule of all utility providers and utility deposits
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	5 list of all rent concessions
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	6 a copy of each private pay resident’s occupancy agreement
and each Facility’s form of agreement
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	7 a schedule of employee vacation and sick days
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	8 employee policies and procedures handbook,
including employee benefits (due on before 3/31 of each year)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

EXHIBIT F: FINANCIAL CERTIFICATION

Report Period: Commencing
                    
                     and ending   
                  
                    

			
	Lease:	 	Master Lease (“Lease”) made by certain Affiliates of Health Care REIT, Inc. (collectively
called “Landlord”) to Capital Spring Meadows, LLC (“Tenant”)

I hereby certify to Landlord as of the date stated below as follows:

1. The attached [specify audited or unaudited and annual or
quarterly, and if consolidated, so state] financial statements of Tenant [i] have
been prepared in accordance with generally accepted accounting principles consistently applied;
[ii] have been prepared in a manner substantially consistent with prior financial statements
submitted to Landlord; and [iii] fairly present the financial condition and performance of Tenant
in all material respects.

2. The attached [specify audited or unaudited and annual or
quarterly, and if consolidated, so state] financial statements of [Guarantor] [i]
have been prepared in accordance with generally accepted accounting principles consistently
applied; [ii] have been prepared in a manner substantially consistent with prior financial
statements submitted to Landlord; and [iii] fairly present the financial condition and performance
of [Guarantor] in all material respects.

3. Tenant has [OR has not] maintained the Portfolio Coverage Ratio and minimum Net
Worth for the Report Period as required under the Lease.

4. To the best of my knowledge, Tenant was in compliance with all of the provisions of the
Lease and all other documents executed by Tenant in connection with the Lease at all times during
the Report Period, and no default, or any event which with the passage of time or the giving of
notice or both would constitute a default, has occurred under the Lease, except for the following:                                                             .

Executed this ___ day of                                         ,                     .

	 	 	 	 	 	 	 
	 

	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

 

 

 

EXHIBIT G: ANNUAL CAPITAL EXPENDITURE CERTIFICATE

Report Period: Commencing
                    
                     and ending   
                  
                                                                                     

			
	Lease:	 	Master Lease (“Lease”) made by certain affiliates of Health Care REIT, Inc.
(collectively called “Landlord”) to Capital Spring Meadows, LLC (“Tenant”)

Tenant hereby certifies to Landlord that, per Section 16.6 of Lease, Tenant has expended at least
the Minimum Capital Expenditures Amount per Unit in Qualified Capital Expenditure during the
annual reporting period. To the extent that the total required amount was not expended in the
reported year, Tenant hereby certifies that such variance amount has been deposited into a reserve
account to be used solely for future Qualified Capital Expenditures for the Facilities.

Executed this                      day of                                         ,
                    .

	 	 	 	 	 	 	 
	 

	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

 

 

 

EXHIBIT H: WIRE TRANSFER INSTRUCTIONS

[Intentionally omitted.]

 

 

 

EXHIBIT I: CONTINGENT PAYMENT REQUEST

                                        ,
20             

	 	 	 

	 

4500 Dorr Street

	 	 
	Toledo, Ohio 43615-4040
	 	 

Attention: Erin C. Ibele

	 	Re:	 	 Master Lease Agreement, as amended (the “Lease”)
 between Capital Spring
Meadows, LLC (“Tenant”) and 
certain affiliates of Health Care REIT, Inc.
(“Landlord”)

Dear Ms. Ibele:

Tenant hereby requests a payment in the amount of $                     to be made on                     
                    ,
20           .
All terms used in this request are defined in the Lease and have
the meanings given in the Lease.

Tenant hereby certifies to that:

1. At the date hereof, no Event of Default has occurred and is continuing, and no event known
to Tenant has occurred which, upon the service of notice and/or the lapse of time, would constitute
an Event of Default.

2. All conditions to the requested Contingent Payment have been satisfied.

Tenant hereby authorizes you to disburse the proceeds of this payment directly to Tenant.
Tenant covenants and agrees that the proceeds will be paid to the parties shown on the attached
schedule (if applicable).

	 	 	 	 	 
	 	CAPITAL SPRING MEADOWS, LLC

 	 
	 	By:  	 	 
	 	 	Title: 	 	 
	 	 	 	 

[ATTACH DOCUMENTATION REGARDING

USE OF PROCEEDS IF REQUIRED]

 

 

 

EXHIBIT J: SNDA FORM

[*ATTACH*]

 

 

 

Exhibit J

AFTER RECORDING RETURN TO:

Ashante L. Smith, Esquire

Troutman Sanders LLP

P.O. Box 1122

Richmond, Virginia 23218-1122

(Space Above For Recorder’s Use)

Freddie Mac Loan Number 968695426

Spring Meadows at Trumbull

SUBORDINATION, NON-DISTURBANCE AND

ATTORNMENT AGREEMENT

(Seniors — Unrelated Operator)

(Revision Date 6-30-2010)

THIS AGREEMENT (this “Agreement”) is made as of the 7th day of April, 2011, among FEDERAL HOME
LOAN MORTGAGE CORPORATION, having an office or principal place of business at 8200 Jones Branch,
Drive, McLean, Virginia 22102 (together with its successors and assigns, “Lender”), CAPITAL SPRING
MEADOWS, LLC, a Delaware limited liability company, having an address of c/o Capital Senior Living
Corporation, 14160 Dallas Parkway, Suite 300, Dallas, Texas 75254 (“Tenant”), and 6949 MAIN STREET,
LLC, a Delaware limited liability company, having an office at c/o Health Care REIT, Inc., 4500
Dorr Street, Toledo, Ohio 43615 (“Landlord”).

WITNESSETH:

WHEREAS, Landlord has assumed a loan from Lender (the “Loan”), which Loan is secured by a
Multifamily Mortgage, Assignment of Rents and Security Agreement, as amended (hereinafter called
the “Security Instrument”) encumbering a parcel of land owned by Landlord and described on Exhibit
“A” attached hereto and made a part hereof, together with the improvements erected thereon (said
parcel of land and improvements thereon being hereinafter called the “Property”); and

 

 

 

WHEREAS, by a certain Master Lease #3 heretofore entered into between Landlord and Master
Tenant dated as of                     , 2011, as amended (as set forth on Exhibit B attached hereto, the
“Lease”), Landlord leases the Property to Tenant; and

WHEREAS, a copy of the Lease has been delivered to Lender, the receipt of which is hereby
acknowledged; and

WHEREAS, concurrently herewith Tenant is executing and delivering to Lender an Operator’s
Estoppel Certificate (“Tenant’s Estoppel Certificate”) with respect to the Lease; and

WHEREAS, Lender is unwilling to maintain or make the Loan to Landlord unless the Lease is and
continues to be subordinate to the lien of the Security Instrument; and

WHEREAS, the Lease provides that the Lease shall become subject and subordinate to a mortgage
upon the interest of the Landlord in the Property made to a lender if and when a non- disturbance
agreement is entered into with respect to such mortgage; and

WHEREAS, the parties hereto desire to effect the subordination of the Lease to the Security
Instrument and to provide for the non-disturbance of Tenant by the holder of the Security
Instrument on the terms set forth herein.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements
herein contained, the parties hereto intending to be legally bound hereby agree as follows:

1. Consent to Lease. Lender hereby consents to the Lease, subject to the terms and
conditions of this Agreement.

2. Subordination. The Lease is and shall continue hereafter to be subject and
subordinate to the lien and terms of the Security Instrument and to any and all advances made or to
be made under or with respect to the Loan, the Security Instrument or any of the other documents
evidencing, securing or otherwise executed in connection with the Loan (as the Security Instrument
or any such other document may be amended from time to time, the “Loan Documents”), and to all
current and future modifications, extensions, renewals and consolidations thereof and the
obligations secured thereby, with the same force and effect as if the Security Instrument, as so
amended, had been executed, delivered and recorded, and all such advances of the Loan or pursuant
to the Loan Documents had been made, prior to the execution and delivery of the Lease, and without
regard to the order of priority of recording the Security Instrument and the Short Form or
Memorandum of the Lease, subject, however, to the provisions of this Agreement. Without limiting
the foregoing, the provisions of the Security Instrument and the Loan Documents relative to the
rights of Lender with respect to proceeds arising from an eminent domain taking (including a
voluntary conveyance by Landlord) and/or insurance proceeds payable by reason of damage to or
destruction of the Property or other collateral encumbered by the Loan Documents shall at all times
be prior and superior to and shall control over any contrary provisions in the Lease. Tenant
hereby waives the provisions of the Lease and of any applicable law which may give Tenant a right
or election to terminate the Lease or to reduce any of its obligations under the Lease, by reason
of the subordination made pursuant to this Agreement or by reason of any action taken to foreclose
the Security Instrument. Lender, at its sole election, may elect to make the Lease superior to the
Security Instrument by filing a written notice of same in the same land records for filing the
Security Instrument; provided, however, notwithstanding that the Lease may by unilateral
subordination by Lender hereafter be made superior to the lien of the Security Instrument, and not
withstanding any other provision of this Agreement to the contrary, the provisions of the Security
Instrument and the Loan Documents relative to the rights of Lender with respect to proceeds arising
from an eminent
domain taking (including a voluntary conveyance by Landlord) and/or insurance proceeds payable
by reason of damage to or destruction of the Property or other collateral encumbered by the Loan
Documents shall at all times be prior and superior to and shall control over any contrary
provisions in the Lease. Tenant shall not subordinate the Lease to any other mortgages, deeds of
trust or other security instruments without Lender’s prior written consent.

 

Page 2

 

3. Estoppel. Tenant represents and warrants that the representations, warranties and
certifications made by Tenant in Tenant’s Estoppel Certificate remain true and correct as of the
date hereof.

4. Nondisturbance. Lender agrees that so long as the Lease shall be in full force and
effect and so long as no default by Tenant has occurred under the Lease, as determined in Lender’s
sole discretion, has occurred and is continuing and so long as there is no default by Tenant under
this Agreement:

(a) Tenant shall not be named or joined as a party or otherwise in any suit, action or
proceeding for the foreclosure of the Security Instrument. Notwithstanding the foregoing
provisions of this paragraph, if Tenant is an indispensable party in a foreclosure proceeding with
respect to the Security Instrument, Lender may so name or join Tenant if such naming or joinder may
be accomplished without in any way diminishing or otherwise affecting the rights and privileges
granted to, or inuring to the benefit of, Tenant under the Lease and this Agreement; and

(b) The possession by Tenant of the Property and Tenant’s right thereto shall not be
disturbed, affected or impaired by, nor will the Lease or the term thereof be terminated or
otherwise affected by any suit, action or proceeding for the foreclosure of the Security
Instrument.

For purposes of this Agreement, a “foreclosure” shall include (but not be limited to) a sheriff’s
or trustee’s sale under the power of sale contained in the Security Instrument, if applicable, a
judicial foreclosure of the Security Instrument, the termination of any superior lease of the
Property and any other transfer of Landlord’s interest in the Property under peril of foreclosure,
including, without limitation to the generality of the foregoing, an assignment, deed or sale in
lieu of foreclosure. This Agreement satisfies any requirement in the Lease that Landlord provide
Tenant with a subordination, non-disturbance and attornment agreement (or similar agreement).

5. Attornment. If Lender or any other person or entity becomes the owner of the
Property by foreclosure, including without limitation, by conveyance in lieu of foreclosure or
otherwise (“Successor Landlord”), then Tenant agrees that the Lease shall continue in full force
and effect, without the necessity of executing a new lease, as a direct lease between Tenant and
Successor Landlord and Tenant further agrees as follows:

	 	a.	 	Tenant will perform and observe its obligations under the Lease;

	 
	 	b.	 	Tenant will attorn to and recognize Successor Landlord as the Landlord under
the Lease for the remainder of the term of the Lease, such attornment to be automatic
and self-operative; and

	 
	 	c.	 	Tenant will execute and deliver upon request of Successor Landlord an
appropriate agreement of attornment to Successor Landlord;

provided, however, nothing herein shall limit Lender’s or Successor Landlord’s right to terminate
the Lease in accordance with the provisions of the Lease and this Agreement.

 

Page 3

 

6. Protection of Successor Landlord. Tenant agrees that Successor Landlord will not
be liable for, subject to or bound by any of the following:

	 	a.	 	claims, counterclaims, offsets or defenses of any nature which Tenant might
have against Landlord or any prior landlord;

	 
	 	b.	 	defaults, misrepresentations, breach of warranty, negligence or any other acts
or omissions of Landlord or any prior landlord;

	 
	 	c.	 	rent or additional rent which Tenant might have paid for more than the current
month;

	 
	 	d.	 	any security deposit, reserve or other deposit or prepaid charge paid to
Landlord or any prior landlord;

	 
	 	e.	 	representations or warranties of any nature whatsoever, including any
representations or warranties respecting use, compliance with zoning, hazardous wastes
or environmental laws, Landlord or any prior landlord’s title, Landlord or any prior
landlord’s authority, habitability, fitness for purpose or possession;

	 
	 	f.	 	extensions, renewals, terminations, amendments or modifications of the Lease or
any waivers or consents given to Tenant under or with respect to the Lease made or
given without Lender’s written consent;

	 
	 	g.	 	bound by any of Landlord’s or any prior landlord’s liabilities or obligations
under the Lease which were to be paid or performed (or which arose or accrued) before
Successor Landlord became the owner of the Property;

	 
	 	h.	 	bound by an obligation of Landlord or any prior landlord to construct,
maintain, repair or rebuild the Property under the Lease, or to reimburse Tenant or
otherwise pay for any such work; or

	 
	 	i.	 	bound by any obligations to indemnify Tenant under the Lease.

7. Successor Landlord Exculpation. Tenant will look solely to Lender’s or such other
Successor Landlord’s interest in the Property for the payment and discharge of any obligation or
liability imposed upon Lender or such other Successor Landlord under the Lease or this Agreement,
and Lender and any other Successor Landlord shall have no personal liability under the Lease or
this Agreement.

8. Rent. Tenant has notice that the Lease and the rents and all other sums due
thereunder have been assigned to Lender as security for the Loan secured by the Security
Instrument. Tenant has been directed to make all rent payments directly to a lockbox account
established at [See Exhibit C] and Tenant agrees that such direction is irrevocable except with
Lender’s express written consent, and therefore, until such time as the Security Instrument has
been released of record, Tenant shall make all rent payments solely to said lockbox account or as
otherwise directed by Lender. Landlord hereby irrevocably authorizes Tenant to make the foregoing
payments to Lender.

9. Lender’s Consent. Wherever the Tenant would be required under the Lease to obtain
the consent, approval, waiver or release of any sort from Landlord, Landlord shall not do so unless
Lender approves same in writing; and any such consent, approval, waiver or release given without
Lender’s approval shall be null and void.

 

Page 4

 

10. Lender’s Right to Cure. In the event of any act or omission by Landlord which
would give Tenant the right, either immediately or after the lapse of a period of time, to
terminate the Lease, or to claim a partial or total eviction, Tenant will not exercise any such
right (i) until it has sent written notice of such act or omission to Lender, and (ii) until a
reasonable period (but in no event less than sixty (60) days following the time that Landlord has
under the Lease to cure or remedy the same unless such default reasonably requires possession of
the Property to cure, and Lender shall be diligently attempting to gain such possession and effect
such cure, then such cure period shall be extended thereafter for so long as Lender is diligently
attempting to gain such possession and effect such cure) for remedying such act or omission shall
have elapsed following the giving of such notice to Lender.

11. Default by Tenant. Notwithstanding the provisions of this Agreement, Landlord, its
successors and assigns, including any Successor Landlord, shall not be estopped from taking such
action as may be available to Landlord under the terms of the Lease in the event that Tenant shall
default in performance of its obligations under the terms of the Lease.

12. Estoppel and SNDA. From time to time upon Lender’s or Successor Landlord’s
request, Tenant shall provide such requesting party with an estoppel certificate addressing such
matters as Lender or Successor Landlord shall reasonably request. From time to time upon Lender’s
or any Successor Landlord’s request, in connection with the prospective financing or refinancing of
the Property, Tenant shall enter into a subordination, non-disturbance and attornment agreement on
substantially the same terms as are set forth herein or as otherwise reasonably requested by the
prospective lender providing such financing.

13. Notices. Any notice, request, approval, consent, waiver or discharge given or
required to be given under this Agreement shall be in writing and shall be deemed to have been
given when mailed by United States registered or certified mail, postage prepaid, return receipt
requested, or by express carrier or overnight carrier to the other party at the address stated
below or at the last changed address given by the party to be notified as hereinafter specified:

	 	 	 	 	 
	 

	 	To Lender:
	 	c/o Berkadia Commercial Mortgage LLC

118 Welsh Road

Horsham, Pennsylvania 19044

Attn: Servicing — Executive Vice President
	 
	 	 	 	 
	 

	 	With a copy to:
	 	Freddie Mac

8200 Jones Branch Drive

McLean, Virginia 22102

Attention:                     
	 
	 	 	 	 
	 

	 	To Tenant:
	 	Capital Springs Meadows, LLC

c/o Capital Senior Living Corporation

14160 Dallas Parkway, Suite 300

Dallas, Texas 75254

Attention: David R. Brickman

	 
	 	 	 	 
	 

	 	To Landlord:
	 	6949 Main Street, LLC

Health Care REIT, Inc.

4500 Dorr Street

Toledo, Ohio 43615

Any party may at any time change its address for notification purposes by mailing or sending as
aforesaid a notice stating the change and setting forth the new address, provided, however, that at
no time shall any party be obligated to give notification to more than four (4) addressees.

Any notice sent as above specified shall be deemed to have been served upon receipt or
refusal.

 

Page 5

 

14. Successors and Assigns. This Agreement shall bind and inure to the benefit of and
be binding upon and enforceable by the parties hereto and their respective successors and assigns.

15. Entire Agreement. This Agreement contains the entire agreement between the
parties and cannot be changed, modified, waiver or canceled except by an agreement in writing
executed by the party against whom enforcement of such modification, change, waiver or cancellation
is sought. Nothing herein shall limit Tenant’s representations, warranties, certifications and
agreements set forth in Tenant’s Estoppel Certificate.

16. Agreement Runs with the Land. This Agreement and the covenants herein contained
are intended to run with and bind all lands affected by the Security Instrument.

17. Notice to Lender. Tenant agrees that it will deliver to Lender a copy of all
notices of default or termination (or with respect to any other material matter under or with
respect to the Lease, given or received by it under the terms of the Lease within two (2) days
after giving or receipt thereof.

18. Assignment to Freddie Mac. Tenant acknowledges that Lender may assign the Loan
and all security therefor, including without limitation, the Security Instrument and Lender’s
rights under this Agreement, to Freddie Mac. Tenant expressly consents to such assignments.

19. Enforcement. As between Tenant and Lender, in any litigation or judicial
proceeding to enforce this Agreement, the successful party shall be entitled to be reimbursed for
its reasonable costs and expenses in enforcing this Agreement against the other party. Nothing
herein shall limit or negate Landlord’s obligation to reimburse Lender for any such costs or
expenses or liabilities (including any obligations of Lender under this Section 20) under the
Security Instrument and the other Loan Documents.

20. Invalidity. If any portion of this Agreement is held invalid or inoperative, then
all of the remaining portions will remain in full force and effect, and, so far as is reasonable
and possible, effect will be given to the intent manifested by the portion or portions held to be
invalid or inoperative.

21. Governing Law. This Agreement will be governed by and construed in accordance
with the laws of the State where the Property is located.

22. Counterparts. This Agreement may be executed in any number of counterparts, all
of which when taken together will constitute one and the same instrument.

23. Bankruptcy. If any bankruptcy proceedings shall hereafter commence with respect
to Landlord, and if the Lease is rejected by the debtor or trustee pursuant to Section 365 of the
United States Bankruptcy Code, Tenant agrees with Lender (i) not to treat the Lease as terminated
and (ii) to remain in possession of the Property.

24. Inconsistent Provisions. This Agreement supersedes any inconsistent provisions of
the Lease or any other agreement, express or implied, between Landlord and Tenant, and shall
survive any termination of the Lease by operation of law following any foreclosure.

 

Page 6

 

25. WAIVER OF TRIAL BY JURY. EACH PARTY HEREBY AGREES NOT TO ELECT A TRIAL BY JURY OF
ANY ISSUE TRIABLE OF RIGHT BY JURY, AND TO THE GREATEST EXTENT PERMITTED BY LAW WAIVES ANY RIGHT TO
TRIAL BY JURY FULLY TO THE EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD TO
THIS AGREEMENT, OR ANY CLAIM,
COUNTERCLAIM OR OTHER ACTION ARISING IN CONNECTION HEREWITH. THIS WAIVER OF RIGHT TO TRIAL BY
JURY IS GIVEN KNOWINGLY AND VOLUNTARILY BY EACH PARTY, AND IS INTENDED TO ENCOMPASS INDIVIDUALLY
EACH INSTANCE AND EACH ISSUE AS TO WHICH THE RIGHT TO A TRIAL BY JURY WOULD OTHERWISE ACCRUE. EACH
PARTY IS HEREBY AUTHORIZED TO FILE A COPY OF THIS PARAGRAPH IN ANY PROCEEDING AS CONCLUSIVE
EVIDENCE OF THIS WAIVER.

26. Assignment of Security Interest. Pursuant to the Lease, Tenant has granted to
Landlord a security interest in “Collateral” as defined in the Lease. Landlord has assigned that
security interest to Lender as security for the indebtedness secured by the Security Instrument and
Tenant hereby consents to that Assignment.

[Signature pages follow.]

 

Page 7

 

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

	 	 	 	 	 	 	 	 	 	 	 	 	 
	WITNESS:	 	 	 	 	 	LENDER:	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	FEDERAL HOME LOAN MORTGAGE CORPORATION	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Print Name:
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Print Name:

	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 	 	 	 	 

	 	 

ACKNOWLEDGEMENT

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 ss:
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

• On this                      day of                                         , 2011, before me 
                                         the
undersigned officer, personally appeared                                          who acknowledged himself/herself to be
the                                          of the Federal Home Loan Mortgage Corporation, and that he/she as such
                                         authorized to do so, executed the foregoing instrument for the purposes therein
contained, by signing the name of the corporation by himself/herself as                                         , as
his/her free act and deed and the free act and deed of such corporation.

• IN WITNESS WHEREOF, I hereby set my hand.

	 	 	 	 	 	 	 	 	 
	 

	 	•
	 	 

	 	 	 	 
	 

	 	 	 	Notary Public	 	 	 	 
	 

	 	 	 	 	 	 	 	[AFFIX SEAL]

My Commission expires:

 

Page 8

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	TENANT:
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS:	 	 	 	 	 	CAPITAL SPRINGS MEADOWS, LLC, a Delaware limited liability
company
	 	 	 	 	 	 	 	 	 
	Print Name:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 
	Print Name:

	 	 

	 	 	 	 	 	Gloria Holland 

	

	 	 

	 	 	 	 	 	Vice
President

ACKNOWLEDGEMENT

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 ss:
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

• On this                      day of                                         , 2011, before me 
                                         the
undersigned officer, personally appeared Gloria Holland who acknowledged himself/herself to be the
Vice President of Capital Springs Meadows, LLC, a Delaware limited liability company, and that
he/she as such Vice President authorized to do so, executed the foregoing instrument for the
purposes therein contained, by signing the name of the limited liability company by himself/herself
as Vice President, as his/her free act and deed and the free act and deed of such limited liability
company.

• IN WITNESS WHEREOF, I hereby set my hand.

	 	 	 	 	 	 	 	 	 
	 

	 	•
	 	 

	 	 	 	 
	 

	 	 	 	Notary Public	 	 	 	 
	 

	 	 	 	 	 	 	 	[AFFIX SEAL]

My Commission expires:

 

Page 9

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	LANDLORD:	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WITNESS:	 	 	 	 	 	6949 MAIN STREET, LLC, a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Print Name:	 	 	 	 	 	By:	 	HCN Capital Holdings II, LLC, a Delaware limited	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	liability company, its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:	 	Health Care REIT, Inc., a Delaware corporation,	 	 
	 	 	 	 	 	 	 	 	 	 	its Sole Member	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Print Name:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 

Erin C. Ibele

Senior Vice President — Administration and

Corporate Secretary
	 	 

ACKNOWLEDGEMENT

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 ss:
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

On this    
                
  day of               
      , 2011, before me        
                              
    the undersigned
officer, personally appeared Erin C. Ibele who acknowledged himself/herself to be the Senior Vice
President — Administration and Corporate Secretary of Health Care REIT, Inc., a Delaware
corporation, Sole Member of HCN Capital Holdings II, LLC, a Delaware limited liability company,
Sole Member of 6949 Main Street, LLC, a Delaware limited liability company          
                              ,
                                        , and that he/she as such Senior Vice President — Administration and Corporate
Secretary authorized to do so, executed the foregoing instrument for the purposes therein
contained, by signing the name of the limited liability company by himself/herself as Senior Vice
President — Administration and Corporate Secretary, as his/her free act and deed and the free act
and deed of such limited liability company.

IN WITNESS WHEREOF, I hereby set my hand.

	 	 	 	 	 	 
	 

	 

	 	 	 	 
	 

	Notary Public	 	 	 	 
	 

	 	 	 	 	[AFFIX SEAL]

My Commission expires:

 

Page 10

 

EXHIBIT “A”

LEGAL DESCRIPTION

 

 

 

EXHIBIT “B”

LEASE

[Describe Lease and all Amendments]

 

 

 

CONSENT OF SUBTENANT

TO

SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT

(Seniors- Unrelated Operator)

The undersigned (hereinafter referred to as the “Subtenant”) has entered into a Sublease
(hereinafter referred to as the “Sublease”) dated                     , 2011 with the Tenant
pertaining to the Property as defined in the attached Subordination, Non-Disturbance and Attornment
Agreement.

In consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged by the Subtenant, the
Subtenant hereby consents to the terms and conditions of the attached Subordination,
Non-Disturbance and Attornment Agreement (hereinafter referred to as the “Agreement”) and agrees
and acknowledges that by signing this Consent the entire interest of the Subtenant in and to the
Property and under the Lease and the Sublease shall be fully subordinate and junior to the lien of
the Security Instrument and subject to the terms of the Security Instrument and the Agreement and
further agrees that the Subtenant shall be bound by the terms of the Agreement. The terms used
herein shall have the same meaning as those defined in the Agreement.

Dated this  _____ 
day of                     , 2011.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	SUBTENANT:
	 
	 	 	 	 	 	 	 	 
	WITNESS:	 	 	 	 	 	CSL TRUMBULL, LLC, a Delaware limited liability company
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Print Name:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 
	Print Name:	 	 

	 	 	 	 	 	Gloria Holland

Vice President
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Address for Notice to Original Borrower:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	c/o Capital Senior Living Corporation 

14160 Dallas Parkway, Suite 300

Dallas, Texas 75254

[Notarial Block to Follow]

 

 

 

ACKNOWLEDGEMENT

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 ss:
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

On this    
               
   day of              
                
           , 2011, before me   
                
                
       the undersigned
officer, personally appeared Gloria Holland who acknowledged himself/herself to be the Vice
President of CSL Trumbull, LLC, a Delaware limited liability company, and that he/she as such Vice
President authorized to do so, executed the foregoing instrument for the purposes therein
contained, by signing the name of the limited liability company by himself/herself as Vice
President, as his/her free act and deed and the free act and deed of such limited liability
company.

IN WITNESS WHEREOF, I hereby set my hand.

	 	 	 	 	 	 
	 

	 

Notary Public
	 	 	 	 
	 

	 	 	 	 	[AFFIX SEAL]

My Commission expires:

 

 

 

CONSENT OF GUARANTOR

TO

SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT 

(Seniors- Unrelated Operator)

Reference is made to that certain Unconditional and Continuing Lease Guaranty made by the
undersigned (the “Guaranty”) in favor of Landlord dated                     , 2011, pursuant to which the
undersigned guarantied the payment and performance of the liabilities and obligations of Tenant
under the Lease (as each such term is defined in the attached Subordination, Non-Disturbance and
Attornment Agreement (the “Agreement”).

In consideration of the sum of Ten and 00/100 Dollars ($10.00) and other good and valuable
consideration, the recent and sufficiency of which is hereby acknowledged by the undersigned, the
undersigned (i) consents to the Agreement and the terms thereof, and (ii) represents, warrants and
agrees as follows: (a) Lender and any Successor Landlord (as each such term is defined in the
Agreement) may enforce the Guaranty against the undersigned in accordance with the terms of the
Guaranty; (b) the Guaranty remains in full force and effect, and as of the date hereof the
undersigned has no counterclaim, set off or defense of any nature as to any claim against the
undersigned under the Guaranty; and (c) the undersigned hereby waives any claims, counterclaims,
offsets or defenses of any nature which may exist with respect to enforcement of the Guaranty or
which may hereafter accrue or arise prior to a Successor Landlord taking title to the Property and
becoming the landlord under the Lease.

Dated this
 _____ 
day of                                         , 2011.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	GUARANTORS:
	 
	 	 	 	 	 	 	 	 
	WITNESS:	 	 	 	 	 	CAPITAL SENIOR LIVING PROPERTIES, INC., a Texas
corporation
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Print Name:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	David R. Brickman

Vice President
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Print Name:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

[Notarial Block to Follow]

 

 

 

ACKNOWLEDGEMENT

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 ss:
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

On this                      day of                                         ,      
               , before me                                          the undersigned
officer, personally appeared David R. Brickman who acknowledged himself/herself to be the Vice
President of Capital Senior Living Properties, Inc., a Texas corporation, and that he/she as such
Vice President authorized to do so, executed the foregoing instrument for the purposes therein
contained, by signing the name of the corporation by himself/herself as Vice President, as his/her
free act and deed and the free act and deed of such corporation.

IN WITNESS WHEREOF, I hereby set my hand.

	 	 	 	 	 	 
	 

	 

Notary Public
	 	 	 	 
	 

	 	 	 	 	[AFFIX SEAL]

My Commission expires:

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	WITNESS:	 	 	 	 	 	SHP II/CSL SUMMIT, LLC, a Delaware limited	 	 
	 	 	 	 	 	 	liability company	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Print Name:	 	 	 	 	 	By:	 	Capital Senior Living Properties 4, Inc., a	 	 
	 

	 	 

	 	 	 	 	 	Delaware corporation, its Authorized Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Print Name:
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	By:
	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 

Gloria Holland

Vice President
	 	 

ACKNOWLEDGEMENT

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 ss:
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

On this                      day of                                         ,      
               , before me                                          the undersigned
officer, personally appeared Gloria Holland who acknowledged himself/herself to be the Vice
President of Capital Senior Living Properties 4, Inc., a Delaware corporation, Authorized Member of
SHP II/CSL Summit, LLC, a Delaware limited liability company, and that he/she as such Vice
Presdient authorized to do so, executed the foregoing instrument for the purposes therein
contained, by signing the name of the limited liability company by himself/herself as Vice
President, as his/her free act and deed and the free act and deed of such limited liability
company.

IN WITNESS WHEREOF, I hereby set my hand.

	 	 	 	 	 	 
	 

	 

Notary Public
	 	 	 	 
	 

	 	 	 	 	[AFFIX SEAL]

My Commission expires:

 

 

 

	 	 	 	 	 	 	 	 	 
	WITNESS:	 	 	 	 	 	CSL LIBERTYVILLE, LLC

CSL NAPERVILLE, LLC

CSL TRUMBULL, LLC, each a Delaware limited liability company
	 	 	 	 	 	 	 
	Print Name:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Print Name:

	 	 	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Gloria Holland

Vice President

ACKNOWLEDGEMENT

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 ss:
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

On this
 _____ 
day of             
            
         
       , 2011, before me      
        
          
      
            the undersigned
officer, personally appeared Gloria Holland who acknowledged himself/herself to be the Vice
President of CSL Libertyville, LLC, a Delaware limited liability company, and that he/she as such
Vice President authorized to do so, executed the foregoing instrument for the purposes therein
contained, by signing the name of the limited liability company by himself/herself as Vice
President, as his/her free act and deed and the free act and deed of such limited liability
company.

IN WITNESS WHEREOF, I hereby set my hand.

	 	 	 	 	 	 	 	 	 
	 

	 	 

Notary Public
	 	 	 	 
	 

	 	 	 	 	 	 	 	[AFFIX SEAL]

My Commission expires:

[Notarial Blocks to Follow]

 

 

 

ACKNOWLEDGEMENT

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 ss:
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

On this                      day of                                
         , 2011, before me                                          the undersigned
officer, personally appeared Gloria Holland who acknowledged himself/herself to be the Vice
President of CSL Naperville, LLC, a Delaware limited liability company, and that he/she as such
Vice President authorized to do so, executed the foregoing instrument for the purposes therein
contained, by signing the name of the limited liability company by himself/herself as Vice
President, as his/her free act and deed and the free act and deed of such limited liability
company.

IN WITNESS WHEREOF, I hereby set my hand.

	 	 	 	 	 	 
	 

	 

Notary Public
	 	 	 	 
	 

	 	 	 	 	[AFFIX SEAL]

My Commission expires:

ACKNOWLEDGEMENT

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	)	 	 	 ss:
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

On this                      day of                               
          , 2011, before me                                          the undersigned
officer, personally appeared Gloria Holland who acknowledged himself/herself to be the Vice
President of CSL Trumbull, LLC, a Delaware limited liability company, and that he/she as such Vice
President authorized to do so, executed the foregoing instrument for the purposes therein
contained, by signing the name of the limited liability company by himself/herself as Vice
President, as his/her free act and deed and the free act and deed of such limited liability
company.

IN WITNESS WHEREOF, I hereby set my hand.

	 	 	 	 	 	 
	 

	 

Notary Public
	 	 	 	 
	 

	 	 	 	 	[AFFIX SEAL]

My Commission expires:

 

 

 

EXHIBIT “C”

MODIFICATIONS

The following modifications are made to the Agreement that precedes this Exhibit.

1. Section 8 is deleted in its entirety and revised to read as follows:

8. Rent. Tenant has notice that the Lease and the rents and all other sums due
thereunder have been assigned to Lender as security for the Loan secured by the Security
Instrument. Tenant has been directed to make all rent payments directly to a lockbox account
established at [See Exhibit C] and Tenant agrees that such direction is irrevocable except with
Lender’s express written consent, and therefore, until such time as the Security Instrument has
been released of record, Tenant shall make all rent payments solely to said lockbox account or as
otherwise directed by Lender. Landlord hereby irrevocably authorizes Tenant to make the foregoing
payments to Lender.

2. Section 18 is deleted in its entirety and revised to read as follows:

18. Assignment to Freddie Mac. “Intentionally deleted.”Tenant acknowledges that
Lender may assign the Loan and all security therefor, including without limitation, the Security
Instrument and Lender’s rights under this Agreement, to Freddie Mac. Tenant expressly consents to
such assignments.

 

 

EXHIBIT K: ASSUMED OBLIGATIONS

	 	 	 	 	 
	Landlord	 	Assumed Mortgage	 	Assumed Note
	901 Florsheim
Drive, LLC
(Libertyville)

	 	Multifamily Mortgage,
Assignment of Rents and
Security Agreement dated
April 28, 2006, now held by
Federal Home Loan Mortgage
Corporation (“Freddie”)
	 	Multifamily Note in the
original principal
amount of $16,000,000
dated April 28, 2006,
now held by Freddie
	 
	 	 	 	 
	504 North River
Road, LLC
(Naperville)

	 	Multifamily Mortgage,
Assignment of Rents and
Security Agreement dated
April 28, 2006, now held by
Freddie
	 	Multifamily Note in the
original principal
amount of $10,200,000
dated April 28, 2006,
now held by Freddie
	 
	 	 	 	 
	6949 Main Street,
LLC (Trumbull)

	 	Multifamily Open-End
Mortgage, Assignment of Rents
and Security Agreement dated
April 28, 2006, now held by
Freddie
	 	Multifamily Note in the
original principal
amount of $15,800,000
dated April 28, 2006,
now held by Freddie
	 
	 	 	 	 
	41 Springfield
Avenue, LLC
(Summit)

	 	Multifamily Mortgage,
Assignment of Rents and
Security Agreement dated
April 28, 2006, now held by
Freddie
	 	Multifamily Note in the
original principal
amount of $10,500,000
dated April 28, 2006,
now held by Freddie

 

 

 

EXHIBIT L: FORM FOR QUALIFIED CAPITAL EXPENDITURES REPORTING

 

 

 

Midwest I/GE JV

Depreciation Expense Report

As of October 31, 2009

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	 	 	Acquired	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Description	 	Value	 	 	T	 	 	Math	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	Location = 108th	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class=B	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000005
	 	 	02/01/06	 	 	Building - Silvercast Acquis	 	 	4,750,000.00	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	4,750,000.00	 	 	 	09/30/09	 	 	 	346,354.17	 	 	 	9,895.83	 	 	 	98,956.33	 	 	 	445,312.50	 
	000011
	 	 	02/01/06	 	 	Business Value Silvercest	 	 	5,776,720.00	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	5,776,720.00	 	 	 	09/30/09	 	 	 	421,219.17	 	 	 	12,034.83	 	 	 	120,348.33	 	 	 	541,567.50	 
	000014
	 	 	02/01/05	 	 	Closing Costs-Silvercast	 	 	4,966.80	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	4,958.80	 	 	 	09/30/09	 	 	 	353.77	 	 	 	10.39	 	 	 	103.93	 	 	 	467.70	 
	000020
	 	 	02/01/06	 	 	Condtion Assess-EMG	 	 	2,200.00	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	2,200.00	 	 	 	09/30/09	 	 	 	150.42	 	 	 	4.56	 	 	 	45.83	 	 	 	205.25	 
	000025
	 	 	02/01/06	 	 	Bidg Systems Analysis-EM	 	 	4,700.00	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	4,700.00	 	 	 	09/30/39	 	 	 	342.71	 	 	 	9.79	 	 	 	97.91	 	 	 	440.52	 
	000038
	 	 	02/01/06	 	 	Preacquisition Costs	 	 	56,938.62	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	56,938.62	 	 	 	09/30/09	 	 	 	4,151.78	 	 	 	118.62	 	 	 	1,186.22	 	 	 	5,339.00	 
	000039
	 	 	02/01/06	 	 	Preacquisition Costs	 	 	11,170.77	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	11,170.77	 	 	 	09/30/09	 	 	 	814.54	 	 	 	23.27	 	 	 	232.72	 	 	 	1,047.26	 
	000051
	 	 	02/01/06	 	 	2005 GMAC Tax Disb.	 	 	39,594.68	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	39,594.88	 	 	 	09/30/09	 	 	 	2,887.12	 	 	 	82.49	 	 	 	824.89	 	 	 	3,712.01	 
	000052
	 	 	04/17/05	 	 	Carpet-Activity  Dining Debt.	 	 	7,431.88	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	7,431.88	 	 	 	09/30/09	 	 	 	1,981.84	 	 	 	61.93	 	 	 	619.32	 	 	 	2,601.16	 
	000063
	 	 	04/17/05	 	 	Carpet units 104,112,127,2	 	 	5,599.99	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	5,599.99	 	 	 	09/30/09	 	 	 	1,493.33	 	 	 	46.66	 	 	 	466.66	 	 	 	1,959.99	 
	000070
	 	 	06/05/06	 	 	Carpet Units 110,116,219	 	 	2,184.02	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,184.02	 	 	 	09/30/09	 	 	 	564.20	 	 	 	18.20	 	 	 	182.00	 	 	 	746.20	 
	000074
	 	 	02/01/06	 	 	Preacquisition Costs	 	 	816.00	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	815.00	 	 	 	09/30/09	 	 	 	59.50	 	 	 	1.70	 	 	 	17.00	 	 	 	75.50	 
	000087
	 	 	02/01/06	 	 	Preacquisition Travel - GE	 	 	2,413.40	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	2,413.40	 	 	 	09/30/09	 	 	 	175.99	 	 	 	5.03	 	 	 	50.28	 	 	 	226.27	 
	000092
	 	 	07/21/06	 	 	Carpet apt 210-NE Fum Mr	 	 	713.70	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	713.70	 	 	 	09/30/09	 	 	 	172.48	 	 	 	5.95	 	 	 	59.47	 	 	 	231.95	 
	000093
	 	 	07/26/06	 	 	Carpet hallways-NE Fum Mr	 	 	20,406.61	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	20,406.61	 	 	 	09/30/09	 	 	 	4,931.60	 	 	 	170.06	 	 	 	1,700.55	 	 	 	5,632.15	 
	000100
	 	 	08/23/06	 	 	Carpet hallways NE Fum Mr	 	 	2,015.58	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,015.88	 	 	 	09/30/09	 	 	 	470.99	 	 	 	16.80	 	 	 	167.99	 	 	 	638.38	 
	000101
	 	 	08/23/06	 	 	Carpet 220 - NE Fum Mart	 	 	613.58	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	813.58	 	 	 	09/30/09	 	 	 	189.85	 	 	 	6.78	 	 	 	67.80	 	 	 	257.65	 
	000102
	 	 	08/23/06	 	 	2 spare A/C units-Freldich	 	 	1,273.16	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,273.16	 	 	 	09/30/09	 	 	 	297.09	 	 	 	10.61	 	 	 	106.10	 	 	 	403.19	 
	000117
	 	 	11/16/05	 	 	Carpet - Nebraska Furniture	 	 	819.31	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	819.31	 	 	 	09/30/09	 	 	 	170.70	 	 	 	6.83	 	 	 	68.27	 	 	 	238.97	 
	000122
	 	 	02/01/05	 	 	06 Taxes pd - Crnotgient	 	 	39,594.88	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	39,594.88	 	 	 	09/30/09	 	 	 	2,687.12	 	 	 	82.49	 	 	 	824.89	 	 	 	3,712.01	 
	000126
	 	 	02/01/05	 	 	Preacquisition Costs	 	 	2,821.30	 	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	2,821.30	 	 	 	09/30/09	 	 	 	205.72	 	 	 	5.88	 	 	 	58.77	 	 	 	264.49	 
	000143
	 	 	02/01/05	 	 	FAS141 Ad	 	 	(4,921,958.65	)	 	R	 	 	 	SLMM	 	 	40 00	 	 	 	(4,921,958.65	)	 	 	09/30/09	 	 	 	(358,892.83	)	 	 	(10,254.08	)	 	 	(102,540.80	)	 	 	(461,433.53	)
	000159
	 	 	01/17/07	 	 	Carpet 222 Nebrasale Fum	 	 	813.58	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	813.58	 	 	 	09/30/09	 	 	 	162.72	 	 	 	6.78	 	 	 	67.80	 	 	 	230.52	 
	000171
	 	 	02/15/07	 	 	Carpet Nebrasale Fum Man	 	 	855.30	 	 	P	 	 	 	SL FM	 	 	10 00	 	 	 	855.30	 	 	 	09/30/09	 	 	 	163.93	 	 	 	7.13	 	 	 	71.27	 	 	 	235.20	 
	000172
	 	 	02/19/07	 	 	2 A/C Units Furniture	 	 	1,299.25	 	 	P	 	 	 	SL FM	 	 	10 00	 	 	 	1,299.25	 	 	 	09/30/09	 	 	 	249.03	 	 	 	10.83	 	 	 	108.27	 	 	 	357.30	 
	000176
	 	 	03/29/07	 	 	Carpet-Nebraska Furniture	 	 	3,143.84	 	 	P	 	 	 	SL FM	 	 	10 00	 	 	 	3,143.84	 	 	 	09/30/09	 	 	 	576.37	 	 	 	26.20	 	 	 	261.98	 	 	 	838.35	 
	000177
	 	 	03/29/07	 	 	Vinyl Nebraska Furniture	 	 	364.18	 	 	P	 	 	 	SL FM	 	 	10 00	 	 	 	364.18	 	 	 	09/30/09	 	 	 	66.77	 	 	 	3.04	 	 	 	30.35	 	 	 	97.12	 
	000183
	 	 	02/01/05	 	 	FAS141 Revised (D&P)	 	 	3,380,031.00	 	 	R	 	 	 	SL FM	 	 	40 00	 	 	 	3,380,031.00	 	 	 	09/30/09	 	 	 	246,460.60	 	 	 	7,041.73	 	 	 	70,417.31	 	 	 	316,877.91	 
	000207
	 	 	04/17/07	 	 	Themostat & Control Panel	 	 	1,348.21	 	 	P	 	 	 	SLFM	 	 	10 00	 	 	 	1,348.21	 	 	 	09/30/09	 	 	 	235.94	 	 	 	11.24	 	 	 	112.35	 	 	 	348.29	 
	000238
	 	 	06/08/07	 	 	A/C Lobby-Interstate Hoal	 	 	1,562.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,562.00	 	 	 	09/30/09	 	 	 	221.26	 	 	 	13.01	 	 	 	130.16	 	 	 	351.44	 
	000239
	 	 	06/08/07	 	 	PTAC(2) Friedrich Air	 	 	1,213.87	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,213.87	 	 	 	09/30/09	 	 	 	171.97	 	 	 	10.11	 	 	 	101.15	 	 	 	273.12	 
	000240
	 	 	08/31/07	 	 	Carpet - Nebraska Furniture	 	 	301.71	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	301.71	 	 	 	09/30/09	 	 	 	40.23	 	 	 	2.52	 	 	 	25.14	 	 	 	65.37	 
	000245
	 	 	09/30/07	 	 	Zone Board/Thamestate BU	 	 	1,123.50	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,123.50	 	 	 	09/30/09	 	 	 	140.44	 	 	 	9.36	 	 	 	93.52	 	 	 	234.05	 
	000246
	 	 	09/30/07	 	 	Gas & TP Value Water Heat	 	 	615.32	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	846.32	 	 	 	09/30/09	 	 	 	105.79	 	 	 	7.05	 	 	 	70.52	 	 	 	176.31	 
	000247
	 	 	09/30/07	 	 	Duncae A/C Unit-Interstate	 	 	1,650.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,550.00	 	 	 	09/30/09	 	 	 	195.00	 	 	 	13.00	 	 	 	130.00	 	 	 	325.00	 
	000262
	 	 	11/16/07	 	 	Room Conversion Arthur C	 	 	1,100.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,100.00	 	 	 	09/30/09	 	 	 	119.18	 	 	 	9.16	 	 	 	91.65	 	 	 	210.84	 
	000263
	 	 	11/16/07	 	 	Flooring - Nebraska Furniture	 	 	1,529.57	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,629.57	 	 	 	09/30/09	 	 	 	176.55	 	 	 	13.58	 	 	 	135.80	 	 	 	312.35	 
	000279
	 	 	01/23/08	 	 	Carpet - Nebraska Furniture	 	 	2,853.29	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,853.29	 	 	 	09/30/09	 	 	 	261.55	 	 	 	23.78	 	 	 	237.77	 	 	 	499.32	 
	000280
	 	 	01/29/08	 	 	PTAC Units-2 Friedrich A/C	 	 	1,211.73	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,211.73	 	 	 	09/30/09	 	 	 	111.08	 	 	 	10.10	 	 	 	100.97	 	 	 	212.05	 
	000290
	 	 	03/31/08	 	 	Vinyl Apt 100	 	 	365.79	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	365.79	 	 	 	09/30/09	 	 	 	27.44	 	 	 	3.05	 	 	 	30.48	 	 	 	57.92	 
	000302
	 	 	04/30/08	 	 	PTAC(2) - Furniture	 	 	1,263.85	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,263.85	 	 	 	09/30/09	 	 	 	84.26	 	 	 	10.53	 	 	 	105.32	 	 	 	189.58	 
	000322
	 	 	07/25/08	 	 	Carpet - Nebraska Furniture	 	 	837.79	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	837.79	 	 	 	09/30/09	 	 	 	34.91	 	 	 	6.98	 	 	 	69.81	 	 	 	104.72	 
	000323
	 	 	07/25/08	 	 	PC Board for A/C-Furniture	 	 	590.99	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	530.99	 	 	 	09/30/09	 	 	 	22.13	 	 	 	4.43	 	 	 	44.25	 	 	 	66.36	 
	000341
	 	 	09/25/08	 	 	Carpat - Nebraska Furniture	 	 	1,523.72	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,523.72	 	 	 	09/30/09	 	 	 	38.09	 	 	 	12.70	 	 	 	126.97	 	 	 	165.06	 
	000342
	 	 	09/25/08	 	 	PTAC(2) - Furniture	 	 	1,177.21	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,177.21	 	 	 	09/30/09	 	 	 	29.43	 	 	 	9.81	 	 	 	98.10	 	 	 	127.53	 
	000350
	 	 	10/31/08	 	 	Flooring - Nebraska Furniture	 	 	837.79	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	837.79	 	 	 	09/30/09	 	 	 	13.96	 	 	 	6.98	 	 	 	69.81	 	 	 	83.77	 
	000358
	 	 	12/31/08	 	 	Flooring - Nebraska Furniture	 	 	837.79	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	837.79	 	 	 	09/30/09	 	 	 	0.00	 	 	 	6.98	 	 	 	69.81	 	 	 	69.81	 
	000374
	 	 	01/31/09	 	 	Flooring - Nebraska Furniture	 	 	2,695.05	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,696.05	 	 	 	09/30/09	 	 	 	0.00	 	 	 	22.47	 	 	 	202.21	 	 	 	202.21	 
	000383
	 	 	02/20/09	 	 	Flooring - Nebraska Furniture	 	 	3,276.60	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,278.60	 	 	 	09/30/09	 	 	 	0.00	 	 	 	27.32	 	 	 	218.57	 	 	 	218.57	 
	000404
	 	 	04/30/09	 	 	Flooring - Nebraska Furniture	 	 	1,343.03	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,343.03	 	 	 	09/30/09	 	 	 	0.00	 	 	 	11.19	 	 	 	67.15	 	 	 	67.15	 

			
	 	 	 
	November 12, 2009 at 10:59 AM
	 	Page 1

 

 

Midwest I/GE JV

Depreciation Expense Report

As of October 31, 2009

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	In Sve	 	 	 	 	Acquired	 	 	P	 	 	Depr	 	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	 	Date	 	 	Description	 	Value	 	 	T	 	 	Math	 	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Location = 106th	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = B	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	00016	 	 	 	05/29/09	 	 	PTAC’s (2) — Frindich
	 	 	1,451.15	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,461.16	 	 	 	09/30/09	 	 	 	0.00	 	 	 	12.18	 	 	 	60.89	 	 	 	60.89	 
	 	000417	 	 	 	05/29/09	 	 	Vinyl — Nebraska Furniture
	 	 	559.05	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	569.05	 	 	 	09/30/09	 	 	 	0.00	 	 	 	4.74	 	 	 	23.71	 	 	 	23.71	 
	 	000436	 	 	 	07/17/09	 	 	Flooring — Nebraska Furniture
	 	 	852.80	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	852.80	 	 	 	09/30/09	 	 	 	0.00	 	 	 	7.11	 	 	 	21.32	 	 	 	21.32	 
	 	000437	 	 	 	07/17/09	 	 	(Elegible)
	 	 	20,126.32	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	20,126.32	 	 	 	09/30/09	 	 	 	0.00	 	 	 	167.72	 	 	 	503.16	 	 	 	503.16	 
	 	000451	 	 	 	08/28/09	 	 	Flooring — Nebraska Furniture
	 	 	1,549.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,349.00	 	 	 	09/30/09	 	 	 	0.00	 	 	 	11.24	 	 	 	22.48	 	 	 	22.48	 
	 	000456	 	 	 	09/18/08	 	 	Flooring
— Nebraska Furniture
	 	 	1,349.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,349.00	 	 	 	09/30/09	 	 	 	0.00	 	 	 	11.24	 	 	 	11.24	 	 	 	11.24	 
	 	000477	 	 	 	10/30/09	 	 	Flooring
— Nebraska Furniture
	 	 	2,213.53	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,213.53	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Class = B
	 	 	9,255,128.95	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	9,255,128.95	 	 	 	 	 	 	 	680,709.31	 	 	 	19,919.93	 	 	 	187,577.86	 	 	 	878,267.17	 
	 	 	 	 	 	 	 	 	Less
disposats and transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Net Subtotal
	 	 	9,255,128.95	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	9,255,128.95	 	 	 	 	 	 	 	680,709.31	 	 	 	19,919.93	 	 	 	187,577.86	 	 	 	878,287.17	 
	 	 	 	 	 	 	 	 	Count = 57
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = FE	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000006	 	 	 	02/01/06	 	 	Personal Property — Silverril
	 	 	200,000.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	200,000.00	 	 	 	09/30/09	 	 	 	58,333.33	 	 	 	1,666.66	 	 	 	16,666.66	 	 	 	74,999.99	 
	 	000107	 	 	 	09/20/05	 	 	2 intrigaretors #115,127-Ma
	 	 	873.12	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	673.12	 	 	 	09/30/09	 	 	 	196.45	 	 	 	7.27	 	 	 	72.75	 	 	 	259.20	 
	 	000108	 	 	 	09/25/06	 	 	Arial call system — Senior Te
	 	 	1,494.50	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,494.60	 	 	 	09/30/09	 	 	 	336.33	 	 	 	12.45	 	 	 	124.55	 	 	 	460.66	 
	 	000137	 	 	 	12/17/06	 	 	Computer — Dell Marketing
	 	 	1,250.77	 	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	1,360.77	 	 	 	09/30/09	 	 	 	566.98	 	 	 	22.68	 	 	 	225.79	 	 	 	793.77	 
	 	000144	 	 	 	02/01/06	 	 	FAS141 Adj
	 	 	300,000.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	300,000.00	 	 	 	09/30/09	 	 	 	67,500.00	 	 	 	2,500.00	 	 	 	25,000.00	 	 	 	112,500.00	 
	 	000173	 	 	 	 	 	 	Water Resistant Pendants
	 	 	505.52	 	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	505.52	 	 	 	09/30/09	 	 	 	193.78	 	 	 	8.43	 	 	 	34.25	 	 	 	272.00	 
	 	000188	 	 	 	02/19/07	 	 	FAS141 Revited (D&P)
	 	 	4,959.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	4,969.00	 	 	 	09/30/09	 	 	 	1,449.29	 	 	 	41.41	 	 	 	414.08	 	 	 	1,863.37	 
	 	000211	 	 	 	02/01/05	 	 	Phone System
	 	 	848.45	 	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	848.45	 	 	 	09/30/09	 	 	 	268.68	 	 	 	14.14	 	 	 	141.40	 	 	 	410.06	 
	 	000226	 	 	 	05/17/07	 	 	Electric Dryer — (INVESIBLE)
	 	 	532.34	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	532.34	 	 	 	09/30/09	 	 	 	69.59	 	 	 	5.27	 	 	 	52.69	 	 	 	142.28	 
	 	000255	 	 	 	07/31/07	 	 	(INVESIBLE)
	 	 	330.63	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	330.63	 	 	 	09/30/09	 	 	 	38.57	 	 	 	2.76	 	 	 	27.55	 	 	 	65.12	 
	 	000254	 	 	 	10/25/07	 	 	(INVESIBLE) Moter — Inte
	 	 	1,125.50	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,123.50	 	 	 	09/30/09	 	 	 	121.71	 	 	 	9.36	 	 	 	93.62	 	 	 	215.33	 
	 	000270	 	 	 	11/16/07	 	 	(INVESIBLE)
	 	 	3,116.32	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	3,118.32	 	 	 	09/30/09	 	 	 	311.63	 	 	 	25.93	 	 	 	259.85	 	 	 	571.68	 
	 	000333	 	 	 	12/28/07	 	 	Computer — Dell
	 	 	1,453.34	 	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	1,453.34	 	 	 	09/30/09	 	 	 	96.89	 	 	 	24.22	 	 	 	242.22	 	 	 	339.11	 
	 	000343	 	 	 	06/31/08	 	 	GE Washing Machine — Low
	 	 	393.23	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	393.23	 	 	 	09/30/09	 	 	 	9.63	 	 	 	3.27	 	 	 	32.75	 	 	 	42.59	 
	 	000334	 	 	 	09/19/08	 	 	Ice Cream Machine Motors
	 	 	701.60	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	701.60	 	 	 	09/30/09	 	 	 	0.00	 	 	 	5.85	 	 	 	45.75	 	 	 	46.73	 
	 	000385	 	 	 	02/28/09	 	 	Pendants - Senior Technolo
	 	 	482.79	 	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	462.79	 	 	 	09/30/09	 	 	 	0.00	 	 	 	8.05	 	 	 	54.38	 	 	 	64.33	 
	 	000457	 	 	 	09/18/09	 	 	Religerators (2) — Lowe’s
	 	 	661.25	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	661.26	 	 	 	09/30/09	 	 	 	0.00	 	 	 	5.51	 	 	 	5.51	 	 	 	5.51	 
	 	000478	 	 	 	10/18/09	 	 	Pendants — Senior Technolo
	 	 	476.79	 	 	P	 	 	 	SLMM	 	 	05 00	 	 	 	476.79	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	000479	 	 	 	10/30/09	 	 	Garbage Disposal — Classic
	 	 	2,331.32	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	2,331.32	 	 	 	 	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Class = FE
	 	 	521,756.78	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	521,756.76	 	 	 	 	 	 	 	149,513.26	 	 	 	4,363.31	 	 	 	43,555.85	 	 	 	193,069.11	 
	 	 	 	 	 	 	 	 	Less disposals and transfers
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	0.000	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 	 	 	 	 	 	 	 	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Net Subtotal
	 	 	521,756.78	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	521,756.76	 	 	 	 	 	 	 	149,513.26	 	 	 	4,363.31	 	 	 	43,555.85	 	 	 	193,069.11	 
	 	 	 	 	 	 	 	 	Count = 19
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = LI	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	000145	 	 	 	02/01/05	 	 	FAS 141 Adj
	 	 	540,000.00	 	 	P	 	 	 	SLMM	 	 	20 00	 	 	 	540,000.00	 	 	 	09/30/09	 	 	 	76,750.00	 	 	 	2,250.00	 	 	 	22,500.00	 	 	 	101,250.00	 
	 	000193	 	 	 	02/01/06	 	 	FAS141 Revised (D&P)
	 	 	5,366.00	 	 	P	 	 	 	SLMM	 	 	20 00	 	 	 	5,365.00	 	 	 	09/30/09	 	 	 	782.54	 	 	 	22.36	 	 	 	223.58	 	 	 	1,005.12	 
	 	000225	 	 	 	07/31/07	 	 	Sealcost/Testriping — Parkin
	 	 	1,435.20	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,435.20	 	 	 	09/30/09	 	 	 	203.32	 	 	 	11.96	 	 	 	119.50	 	 	 	322.92	 
	 	000244	 	 	 	09/19/07	 	 	Asphaz Overlay — Parking Ar
	 	 	358.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	358.80	 	 	 	09/30/09	 	 	 	44.65	 	 	 	2.99	 	 	 	29.90	 	 	 	74.75	 
	 	000334	 	 	 	09/08/06	 	 	Sidewalk — Plantz Constructi
	 	 	1,100.00	 	 	P	 	 	 	SLMM	 	 	10 00	 	 	 	1,100.00	 	 	 	09/30/09	 	 	 	45.83	 	 	 	9.16	 	 	 	91.55	 	 	 	137.49	 

			
	 	 	 
	November 12, 2009 at 10.59 AM
	 	Page 2

 

 

Midwest I/GE JV

Depreciation Expense Report

As of October 31, 2009

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Sve	 	 	 	 	 	Acquired	 	 	P Depr	 	Est	 	Depreciable	 	 	Prior	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	Description	 	Value	 	 	T Meth	 	Life	 	Basis	 	 	Thru	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 
	Location = 108th	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Class = LI
	 	 	548,260.00	 	 	 	 	 	 	 	548,260.00	 	 	 	 	 	79,826.54	 	 	 	2,296.47	 	 	 	22,964.74	 	 	 	102,791.28	 
	 

	 	 	 	Less disposals and transfers
	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 

	 	 	 	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Net Subtotal
	 	 	548,260.00	 	 	 	 	 	 	 	548,260.00	 	 	 	 	 	79,826.54	 	 	 	2,296.47	 	 	 	22,964.74	 	 	 	102,791.28	 
	 

	 	 	 	Count = 5
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = Z	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000021

	 	02/01/05
	 	GMAC Loan Costs 12/1/14
	 	 	58,051.67	 	 	Z SLMM
	 	06 10
	 	 	58,051.67	 	 	09/30/09
	 	 	19,159.01	 	 	 	547.66	 	 	 	6,475.67	 	 	 	24,544.58	 
	000028

	 	02/01/06
	 	CSL Preacquisation Costs
	 	 	6,000.00	 	 	Z SLMM
	 	06 10
	 	 	6,000.00	 	 	09/30/09
	 	 	1,981.14	 	 	 	55.61	 	 	 	566.04	 	 	 	2,547.18	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Class = Z	 	 	64,051.67	 	 	 	 	 	 	 	64,051.67	 	 	 	 	 	21,149.45	 	 	 	604.27	 	 	 	6,042.61	 	 	 	27,191.76	 
	 

	 	 	 	Less disposals and transfers
	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	0.00	 	 	 	 	 	 	 		 	 	 	0.00	 
	 

	 	 	 	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Net Subtotal
	 	 	64,051.67	 	 	 	 	 	 	 	64,051.67	 	 	 	 	 	21,149.15	 	 	 	604.27	 	 	 	6,042.61	 	 	 	27,191.76	 
	 

	 	 	 	Count = 2
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class = ZC	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	000377

	 	01/01/09
	 	Jan09 Community Fees
	 	 	1,500.00	 	 	Z SLMM
	 	01 00
	 	 	1,500.00	 	 	09/30/09
	 	 	0.00	 	 	 	125.00	 	 	 	1,250.00	 	 	 	1,250.00	 
	000385

	 	02/01/09
	 	Feb09 Community Fees
	 	 	4,500.00	 	 	Z SLMM
	 	01 00
	 	 	4,500.00	 	 	09/30/09
	 	 	0.00	 	 	 	375.00	 	 	 	3,375.00	 	 	 	3,375.00	 
	000395

	 	03/01/09
	 	Mar09 Community Fees
	 	 	1,500.00	 	 	Z SLMM
	 	01 00
	 	 	1,500.00	 	 	09/30/09
	 	 	0.00	 	 	 	125.00	 	 	 	1,000.00	 	 	 	1,000.00	 
	000405

	 	04/01/09
	 	Apr09 Community Fees
	 	 	1,500.00	 	 	Z SLMM
	 	01 00
	 	 	1,500.00	 	 	09/30/09
	 	 	0.00	 	 	 	125.00	 	 	 	375.00	 	 	 	875.00	 
	000415

	 	05/01/09
	 	May09 Community Fees
	 	 	3,000.00	 	 	Z SLMM
	 	01 00
	 	 	3,000.00	 	 	09/30/09
	 	 	0.00	 	 	 	250.00	 	 	 	1,500.00	 	 	 	1,500.00	 
	000429

	 	06/01/09
	 	Jun09 Community Fees
	 	 	3,000.00	 	 	Z SLMM
	 	01 00
	 	 	3,000.00	 	 	09/30/09
	 	 	0.00	 	 	 	250.00	 	 	 	1,250.00	 	 	 	1,250.00	 
	000452

	 	08/01/09
	 	Aug09 Community Fees
	 	 	500.00	 	 	Z SLMM
	 	01 00
	 	 	500.00	 	 	09/30/09
	 	 	0.00	 	 	 	41.66	 	 	 	124.99	 	 	 	124.99	 
	000458

	 	09/01/09
	 	Sept 09 Community Fees
	 	 	1,500.00	 	 	Z SLMM
	 	01 00
	 	 	1,500.00	 	 	09/30/09
	 	 	0.00	 	 	 	125.00	 	 	 	250.00	 	 	 	250.00	 
	000480

	 	10/01/09
	 	Oct09 Community Fees
	 	 	2,250.00	 	 	Z SLMM
	 	01 00
	 	 	1,250.00	 	 	09/30/09
	 	 	0.00	 	 	 	187.50	 	 	 	187.50	 	 	 	167.50	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Class = ZC
	 	 	19,250.0	 	 	 	 	 	 	 	19,250.00	 	 	 	 	 	0.00	 	 	 	1,604.16	 	 	 	9,812.49	 	 	 	9,812.49	 
	 

	 	 	 	Less disposals and transfers
	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	0.00	 	 	 	 	 	 	 		 	 	 	0.00	 
	 

	 	 	 	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Net Subtotal
	 	 	19,250.0	 	 	 	 	 	 	 	19,250.00	 	 	 	 	 	0.00	 	 	 	1,604.16	 	 	 	9,812.49	 	 	 	9,812.49	 
	 

	 	 	 	Count = 9
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Location = 108th
	 	 	10,408,447.40	 	 	 	 	 	 	 	10,408,447.40	 	 	 	 	 	931,198.26	 	 	 	28,788.14	 	 	 	279,953.55	 	 	 	1,211,151.81	 
	 

	 	 	 	Less disposals and transfers
	 	 	0.00	 	 	 	 	 	 	 	0.00	 	 	 	 	 	0.00	 	 	 	 	 	 	 		 	 	 	0.00	 
	 

	 	 	 	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Net Subtotal
	 	 	10,408,447.40	 	 	 	 	 	 	 	10,408,447.40	 	 	 	 	 	931,198.26	 	 	 	28,788.14	 	 	 	279,953.55	 	 	 	1,211,151.81	 
	 

	 	 	 	Count = 92
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Gra
	 	 	 	 	 	 	 	 	 	 	408,447.40	 	 	 	 	 	931,198.26	 	 	 	28,788.14	 	 	 	279,953.55	 	 	 	1,211,151.81	 
	 

	 	 	 	Less disposals and transfers
	 	 		 	 	 	 	 	 	 	0.00	 	 	 	 	 	0.00	 	 	 	 	 	 	 		 	 	 	0.00	 
	 

	 	 	 	Count = 0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Net Gra
	 	 	19,250.00+	 	 	 	 	 	 	 	408,447.40	 	 	 	 	 	931,198.26	 	 	 	28,788.14	 	 	 	279,953.55	 	 	 	1,211,151.81	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	9,312.49-	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	259000	 	 	 	9,437.51	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
	November 12, 2009 at 10:59 AM
	 	Page 3

 

 

Midwest I/GE JV

Depreciation Expense Report

As of October 31, 2009

Book = Internal

FYE Month = December

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	In Svc	 	 	 	 	 	Acquired	 	P	 	Depr	 	Est	 	 	Depreciable	 	 	Prior	 	 	Prior Accum	 	 	Depreciation	 	 	Current YTD	 	 	Current Accum	 
	Sys No	 	Date	 	 	Description	 	 	Value	 	T	 	Meth	 	Life	 	 	Basis	 	 	Thru	 	 	Depreciation	 	 	This Run	 	 	Depreciation	 	 	Depreciation	 

Report Assumptions

	 
	Report Name
Depreciation Expense — (ILLEGIBLE)

	Same Report Depreciation Expense 

	 

	Calculation Assumptions:

	(ILLEGIBLE) Year (ILLEGIBLE)

	Include Sec
168 Alowance & Sec 179 No

	Adjustment
Convention Post recovery

	 

	Group/Sorting Criteria

	Group — (ILLEGIBLE)

	(ILLEGIBLE) following conditions

	Location is
108th

	(ILLEGIBLE) by
Location (ILLEGIBLE) Class (with subtotals) System No. Extension

			
	 	 	 
	November 12, 2009 at 10:59 AM
	 	Page 4

 

 

EXHIBIT M: ANNUAL FACILITY CONFIGURATION CERTIFICATE

	 	 	 
	Operator Name                                         

	 	Reported as of                                         
	 
	 	 
	Property Name        
                    
                   
              
	 	 

Independent Living Units

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Type	 	Private Units	 	 	Semi Private	 	 	Avg. Sq. Ft	 	 	Total Number of Beds	 
	Studio
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	1 Bedroom
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2 bedroom
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Cottages
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Other
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Assisted Living Units

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Type	 	Private Units	 	 	Semi Private	 	 	Avg. Sq. Ft	 	 	Total Number of Beds	 
	Studio
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	1 Bedroom
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2 bedroom
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Memory Care Units

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Type	 	Private Units	 	 	Semi Private	 	 	Avg. Sq. Ft	 	 	Total Number of Beds	 
	Studio
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	1 Bedroom
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2 bedroom
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Skilled Nursing Units

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Type	 	Unit Quantity	 	 	Avg. Sq. Ft	 	 	Number of Beds	 
	Private Rooms
	 	 	 	 	 	 	 	 	 	 	 	 
	Semi Private Rooms
	 	 	 	 	 	 	 	 	 	 	 	 
	3-Bed Wards
	 	 	 	 	 	 	 	 	 	 	 	 
	4-Bed Wards
	 	 	 	 	 	 	 	 	 	 	 	 
	Other
	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 
	Type	 	Total Beds	 
	Licensed Beds
	 	 	 	 
	Medicare Beds
	 	 	 	 
	Medicaid Beds
	 	 	 	 
	Total Beds
	 	 	 	 

Total Units/Beds

	 
	Total Number of Units (campus wide; all service types)

	Total Number of Beds (campus wide; all service types)

Tenant hereby certifies to Landlord that the attached Facility Configuration Certificate is true,
complete and accurate.

          Executed
this
                     day of
                                                            ,
                    .

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]