Document:

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                                                                    EXHIBIT 10.5

                       FIRST AMENDMENT TO CREDIT AGREEMENT

                  FIRST AMENDMENT TO CREDIT AGREEMENT (this "Agreement") dated
                                                             ---------
as of January 31, 2003, among NATIONWIDE HEALTH PROPERTIES, INC. (the
"Borrower") and JPMORGAN CHASE BANK, as administrative agent (in such capacity,
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together with its successors in such capacity, the "Administrative Agent").
                                                    --------------------

                                    RECITALS:

                  A. The Borrower, the Administrative Agent and certain lenders
(the "Lenders") are parties to a Credit Agreement dated as of November 8, 2002
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(said Credit Agreement, as the same may be amended, modified and supplemented
and in effect from time to time, being herein called the "Credit Agreement";
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and, except as otherwise herein expressly provided, all capitalized terms used
herein shall have the meaning assigned to such terms in the Credit Agreement),
which Credit Agreement provides, among other things, for Loans to be made by the
Lenders to the Borrowers in an aggregate principal amount not exceeding
$150,000,000.

                  B. The parties hereto desire, among other things, to amend the
definition of Total Liabilities.

                  NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

                  Section 1. Amendment of Credit Agreement. Effective as of the
                             -----------------------------
         date hereof, the definition of "Total Liabilities" in Section 1.01 of
         the Credit Agreement shall be deemed amended by inserting the following
         sentence at the end of such definition:

                  "Notwithstanding anything to the contrary in this definition,
                  accounts payable and accrued expenses arising in the ordinary
                  course of business shall not be included in the computation of
                  Indebtedness and other liabilities of the Consolidated
                  Entities or any Joint Venture in which a Consolidated Entity
                  owns a direct or indirect Equity Interest."

                  Section 2. Borrower's Representations. The Borrower hereby
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represents and warrants to the Administrative Agent and the Lenders, as follows:

                  (a) Each of the representations and warranties of the Borrower
contained or incorporated in the Credit Agreement, as amended by this Agreement
or any of the other Loan Documents, are true and correct in all material
respects on and as of the date hereof (except if any such representation or
warranty is expressly stated to have been made as of a specific date, then as of
such specific date);

                  (b) As of the date hereof and immediately after giving effect
to this Agreement and the actions contemplated hereby, no Default or Event of
Default has occurred and is continuing; and

                  (c) The Borrower has all necessary corporate power and
authority to execute, deliver and perform its obligations under this Agreement;
the Borrower has been duly authorized by all necessary corporate action on their
part; and this Agreement has been duly and validly executed and delivered by the
Borrower and constitutes each Borrower's legal, valid and binding obligation,
enforceable in accordance with its respective terms, except as such
enforceability may be limited by (i) bankruptcy, insolvency, reorganization,
moratorium or similar laws of general applicability affecting the enforcement of
creditors' rights and (ii) the application of general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law).

                  Section 3. Ratification. Except as modified herein, all of the
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Loan Documents are hereby ratified and confirmed on behalf of the parties hereto
and thereto.

                  Section 4.  Miscellaneous.
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                  (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND
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CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

                  (b) Amendments, Etc. The terms of this Agreement may be
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waived, modified and amended only by an instrument in writing duly executed by
the Borrower and the Administrative Agent (with any required consent of the
Lenders pursuant to the Credit Agreement). Any such waiver, modification or
amendment shall be binding upon the Borrower, the Administrative Agent, each
Lender and each holder of any of the Notes.

                  (c) Successors and Assigns. This Agreement shall be binding
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upon and inure to the benefit of the respective successors and assigns of the
Borrower, the Administrative Agent, the Lenders and any holder of any of the
Notes.

                  (d) Captions. The captions and section headings appearing
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herein are included solely for convenience of reference and are not intended to
affect the interpretation of any provision of this Agreement.

                  (e) Counterparts. This Agreement may be executed in any number
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of counterparts, all of which taken together shall constitute one and the same
instrument and either of the parties hereto may execute this Agreement by
signing any such counterpart. Delivery of an executed signature page of this
Agreement by facsimile transmission shall be effective as delivery of a manually
executed counterpart hereof.

                  (f) Severability. If any provision hereof is invalid and
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unenforceable in any jurisdiction, then, to the fullest extent permitted by law,
(i) the other provisions hereof shall remain in full force and effect in such
jurisdiction and shall be liberally construed in favor of the Administrative
Agent and the Lenders in order to carry out the intentions of the parties hereto
as nearly as may be possible and (ii) the invalidity or unenforceability of any
provision hereof in any jurisdiction shall not affect the validity or
enforceability of such provision in any other jurisdiction.

                  (g) Agent's Authority. The Administrative Agent is hereby
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entering into this Agreement on behalf of, and with the consent of, the Required
Lenders, in accordance with Section 9.02(b) of the Credit Agreement.

                            [Signature pages follow]

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

                                    BORROWER:
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                                    NATIONWIDE HEALTH PROPERTIES, INC.,
                                    a Maryland corporation, as Borrower

                                    By: /s/ MARK L. DESMOND
                                       -----------------------------------------
                                        Name:   Mark L. Desmond
                                        Title:  Senior Vice President and
                                                Chief Financial Officer

                                    ADMINISTRATIVE AGENT:
                                    --------------------

                                    JPMORGAN CHASE BANK, as Administrative Agent

                                    By: /s/ JOHN F. MIX
                                       -----------------------------------------
                                        Name:   John F. Mix
                                        Title:  Vice President<PAGE>

                                                                   EXHIBIT 10.12

                               FIRST AMENDMENT TO
                       LIMITED LIABILITY COMPANY AGREEMENT
                         OF JER/NHP SENIOR HOUSING, LLC

     THIS AMENDMENT (this "Amendment") is made and entered into as of the 7th
day of February, 2002, by and among NATIONWIDE HEALTH PROPERTIES, INC., a
Maryland corporation ("NHP"), and JER SENIOR HOUSING, LLC, a Delaware limited
liability company ("JER"), as members.

                              B A C K G R O U N D:

     A. NHP and JER are parties to that certain limited liability company
agreement (the "LLC Agreement") of JER/NHP Senior Housing, LLC, a Delaware
limited liability company ("Company"), which agreement is captioned "LIMITED
LIABILITY COMPANY AGREEMENT OF JER/NHP SENIOR HOUSING, LLC", and is dated as of
August 28, 2001. Except as otherwise indicated herein, each capitalized term
used herein shall have the meaning set forth for the same in the LLC Agreement.

     B. Throughout the Exclusivity Period, NHP is not permitted to acquire a
Target Asset without first providing written notice to JER of the opportunity
for the Company to participate in such acquisition on the terms set forth in the
LLC Agreement.

     C. NHP has identified a portfolio of 49 Target Assets (collectively, the
"La Quinta Portfolio") owned by La Quinta Properties, Inc., a Delaware
corporation ("La Quinta") and certain of its subsidiaries (which, together with
La Quinta, are herein called "Sellers"), which are available for purchase.

     D. The Members recognize that JER will not approve the participation of the
Company with respect to six of the Target Assets, which are located in North
Carolina and South Carolina (the "Carolina Target Assets"), and desire to
expedite the approval process with respect to the Target Assets in the La Quinta
Portfolio by allowing NHP to present only the remaining 43 Target Assets
(collectively, the "Modified Portfolio") in the La Quinta Portfolio.

     E. The Members desire to amend the LLC Agreement on the terms and
conditions hereinafter set forth.

     IN LIGHT OF THE FOREGOING, and in consideration of the mutual undertakings
of the parties hereto, it is hereby agreed as follows:

     1. Acquisition Procedure. NHP will not be required to provide a separate
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Target Asset Offer Notice under Article VI of the LLC Agreement for each Target
Asset in the La Quinta Portfolio so long as NHP provides a Target Asset Offer
Notice under Article VI of the LLC Agreement with respect to the Modified
Portfolio (with a corresponding $17,000,000 reduction in the price and a
proportionate reduction in any required deposit). Without limitation

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on the foregoing, NHP shall deliver a single proposed preliminary Operating
Budget with respect to any due diligence, market, financial and other
evaluation, documentation and other anticipated costs to be incurred by or on
behalf of the Company in its evaluation of and pursuit of the possible
acquisition of the Modified Portfolio. The Acquisition Memorandum which NHP is
required to deliver under Section 6.2 of the LLC Agreement shall relate to the
Modified Portfolio in its entirety instead of having a separate Acquisition
Memorandum for each of the 43 individual Target Assets in the Modified
Portfolio. The foregoing shall not limit JER's right to require additional
information reasonably requested by JER with respect to any particular Target
Asset in the Modified Portfolio.

     2. NHP Acquisition of Carolina Properties. NHP has informed JER of its
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intention to enter into a contract (pursuant to Section 6.3(f) of the LLC
Agreement) to purchase the entire La Quinta Portfolio and to acquire the
Carolina Properties on its own. NHP shall not take any action with respect to
the Carolina Properties that prejudices the rights of the Company with respect
to the Modified Portfolio. Without limitation on the foregoing: (a) such
contract shall permit NHP to assign to the Company NHP's rights to acquire the
Modified Portfolio; and (b) if NHP's failure to acquire the Carolina Properties
results in the loss of the opportunity for the Company to acquire the Modified
Portfolio, then NHP shall promptly pay all of the out-of-pocket costs incurred
by the Company or JER in connection with the La Quinta Portfolio.

     3. Exclusivity Period. To the extent more than 50% of the capital required
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to acquire the Modified Portfolio is contributed by the Members because third
party financing is not available at closing, then the excess will not count
towards the $65,000,000 threshold that is part of the definition of the
Exclusivity Period on Exhibit "A" to the LLC Agreement.

     4. Designated Representatives. The parties acknowledge that Luann S.
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Sinclair has been replaced by Gerald R. Best as a Designated Representative of
JER under Section 4.1(e) of the LLC Agreement.

     5. Notices. Subject to the right to make changes under Section 14.1 of the
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LLC Agreement, notices that were previously to be sent to the attention of Luann
S. Sinclair, Esq. shall instead be sent to the attention of "Legal Department
(GRB/DTW)".

     6. No Other Changes. Except as expressly modified hereby, the LLC Agreement
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remains unchanged and in full force and effect and is hereby reaffirmed by the
Members.

     7. Counterparts; Facsimile. This Amendment may be executed by counterpart
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and delivered by facsimile.

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     IN ORDER TO EVIDENCE THEIR AGREEMENT TO THE FOREGOING, the parties hereto
have executed this Amendment in the respective places provided below.

                                  NHP:

                                  NATIONWIDE HEALTH PROPERTIES, INC.,
                                  a Maryland corporation

                                  By:          /s/ Donald D. Bradley
                                         --------------------------------------
                                  Name:            Donald D. Bradley
                                         --------------------------------------
                                  Title:       Senior Vice President &
                                               General Counsel
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                                  JER:

                                  JER SENIOR HOUSING, LLC,
                                  a Delaware limited liability company

                                  By:          /s/ Daniel T. Ward
                                         --------------------------------------
                                  Name:            Daniel T. Ward
                                         --------------------------------------
                                  Title:           Vice President
                                         --------------------------------------

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