Document:

<PAGE>

                                                                 EXHIBIT 10.60.4

                                                                 Inn at the Park

                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

      THIS CONSENT TO TRANSFER AND RELEASE AGREEMENT ("AGREEMENT") is made
effective as of September 30, 2005 by and among FORTRESS INVESTMENT TRUST II, a
Delaware business trust ("TRANSFEROR"), ALTERRA HEALTHCARE CORPORATION, a
Delaware corporation ("TRANSFEREE"), BROOKDALE SENIOR LIVING INC., a Delaware
corporation ("NEW KEY PRINCIPAL"), FIT REN PARK LP, a Delaware limited
partnership ("BORROWER") and FANNIE MAE.

                                    RECITALS:

      A. Fannie Mae is the holder of that certain Multifamily Note (the "NOTE"),
dated as of June 21, 2005, in the original principal amount of $22,545,000.00
made by Borrower to GMAC Commercial Mortgage Bank, a Utah industrial bank
("ORIGINAL LENDER"), which Note evidences a loan (the "LOAN") made by Original
Lender to Borrower. To secure the repayment of the Note, Borrower also executed
and delivered a Multifamily Deed of Trust, Assignment of Rents, Security
Agreement and Fixture Filing, dated as of June 21, 2005, recorded in the
official records of Orange County, State of California on July 1, 2005, as
Instrument No. 2005000514517, which grants a lien on the property described in
Exhibit A to this Agreement (the "PROPERTY"). Borrower is liable for the payment
and performance of all of Borrower's obligations under the Note, the Security
Instrument and all other documents executed in connection with the Loan, as
listed on Exhibit B to this Agreement (collectively, the "LOAN DOCUMENTS"). Each
of the Loan Documents has been duly assigned or endorsed to Fannie Mae. The
current servicer of the Loan is GMAC Commercial Mortgage Corporation, a
California corporation ("SERVICER").

      B. Transferor is liable under the Exceptions to Non-Recourse Guaranty
dated as of June 21, 2005 (the "GUARANTY").

      C. Fannie Mae has been asked to consent to the transfer of Transferor's
indirect ownership interest in Borrower to Transferee (the "TRANSFER") and the
assumption by New Key Principal of the obligations of Transferor under the
Guaranty.

      D. Fannie Mae has agreed to consent to the Transfer subject to the terms
and conditions stated below.

      In consideration of the foregoing and the mutual covenants and promises
set forth in this Agreement and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Transferor,
Transferee, Borrower, New Key Principal and Fannie Mae agree as follows:

CONSENT TO TRANSFER AND RELEASE AGREEMENT -            FORM 4522  12/97 (Page 1)
  FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

1.    ASSUMPTION BY NEW KEY PRINCIPAL OF LIABILITY FOR THE EXCEPTIONS TO
      NON-RECOURSE. New Key Principal hereby assumes all liability under the
      provisions of the Guaranty and shall be considered the "Key Principal" for
      all purposes under the Loan Documents.

2.    CONSENT TO TRANSFER. Fannie Mae hereby consents to the Transfer and to the
      assumption by New Key Principal of all of the obligations of Transferor
      under the Guaranty, subject to the terms and conditions set forth in this
      Agreement. Fannie Mae's consent to the Transfer is not intended to be and
      shall not be construed as a consent to any subsequent transfer which
      requires the Lender's consent pursuant to the terms of the Security
      Instrument.

3.    RELEASE OF TRANSFEROR. Fannie Mae hereby releases Transferor from all of
      its obligations under the Guaranty and the Loan Documents and Transferor
      shall have no further liability thereunder; provided, however, that
      Transferor is not released from any liability pursuant to this Agreement.

4.    COSTS. Transferee and Transferor agree to pay all fees and costs
      (including attorneys' fees) incurred by Fannie Mae and Servicer in
      connection with Fannie Mae's consent to and approval of the Transfer and a
      transfer fee of $0.00 in consideration of the consent to the Transfer.

6.    FINANCIAL INFORMATION. Transferor represents and warrants to Fannie Mae
      that all financial information and information regarding the management
      capability of Transferor provided to Servicer or Fannie Mae was true and
      correct as of the date provided to Servicer or Fannie Mae and remains
      materially true and correct as of the date of this Agreement.

7.    ADDRESSES. Transferee's address for notice hereunder and under the Loan
      Documents is:

      Alterra Healthcare Corporation
      6737 W. Washington Street, Suite 2300
      Milwaukee, Wisconsin  53214

      Transferor's address for notice hereunder and under the Loan Documents is:

      1251 Avenue of the Americas
      16th Floor
      New York, New York  10020

      New Key Principal's address for notice hereunder and under the Loan
      Documents is:

      330 North Wabash
      Suite 1400
      Chicago, Illinois  60611

CONSENT TO TRANSFER AND RELEASE AGREEMENT -            FORM 4522  12/97 (Page 2)
  FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

8.    COMPLETE RELEASE. Transferee, Transferor, New Key Principal and Borrower
      jointly and severally as between Transferor, Transferee, New Key Principal
      and Borrower, unconditionally and irrevocably release and forever
      discharge Original Lender, Fannie Mae, Servicer and their respective
      successors, assigns, agents, directors, officers, employees, and
      attorneys, and each current or substitute trustee under the Security
      Instrument (collectively, the "INDEMNITEES") from all Claims, as defined
      below, and jointly and severally agree to indemnify Indemnitees, and hold
      them harmless from any and all claims, losses, causes of action, costs and
      expenses of every kind or character in connection with the Claims and the
      Transfer. Notwithstanding the foregoing, Transferor shall not be
      responsible for any claims arising from the action or inaction of
      Transferee or New Key Principal, and Transferee and New Key Principal
      shall not be responsible for any claims arising from the action or
      inaction of Transferor. As used in this Agreement, the term "CLAIMS" shall
      mean any and all possible claims, demands, actions, costs, expenses and
      liabilities whatsoever, known or unknown, at law or in equity, originating
      in whole or in part, on or before the date of this Agreement, which
      Borrower or Transferor or any of their respective partners, members,
      officers, agents or employees may now or hereafter have against the
      Indemnitees, if any, and irrespective of whether any such Claims arise out
      of contract, tort, violation of laws, or regulations, or otherwise in
      connection with any of the Loan Documents, including, without limitation,
      any contracting for, charging, taking, reserving, collecting or receiving
      interest in excess of the highest lawful rate applicable thereto and any
      loss, cost or damage, of any kind or character, arising out of or in any
      way connected with or in any way resulting from the acts, actions or
      omissions of Indemnitees, including any requirement that the Loan
      Documents be modified as a condition to the transactions contemplated by
      this Agreement, any charging, collecting or contracting for prepayment
      premiums, transfer fees, or assumption fees, any breach of fiduciary duty,
      breach of any duty of fair dealing, breach of confidence, breach of
      funding commitment, undue influence, duress, economic coercion, violation
      of any federal or state securities or Blue Sky laws or regulations,
      conflict of interest, NEGLIGENCE, bad faith, malpractice, violations of
      the Racketeer Influenced and Corrupt Organizations Act, intentional or
      negligent infliction of mental distress, tortious interference with
      contractual relations, tortious interference with corporate governance or
      prospective business advantage, breach of contract, deceptive trade
      practices, libel, slander, conspiracy or any claim for wrongfully
      accelerating the Note or wrongfully attempting to foreclose on any
      collateral relating to the Note, but in each case only to the extent
      permitted by applicable law. Transferor, Transferee, New Key Principal and
      Borrower agree that Fannie Mae, Original Lender and Servicer have no
      fiduciary or similar obligations to Transferor, Transferee or New Key
      Principal and that the relationship between Borrower and Fannie Mae is
      strictly that of creditor and debtor. This release is accepted by Fannie
      Mae and Original Lender pursuant to this Agreement and shall not be
      construed as an admission of liability on the part of either. Transferor,
      Transferee, New Key Principal and Borrower hereby represent and warrant
      that they are the current legal and beneficial owners of all Claims, if
      any, released hereby and have not assigned, pledged or contracted to
      assign or pledge any such Claim to any other person.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -            FORM 4522  12/97 (Page 3)
 FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

9.    MISCELLANEOUS.

            (a) This Agreement shall be construed according to and governed by
            the laws of the jurisdictions in which the Property is located
            without regard to its conflicts of law principles.

            (b) If any provision of this Agreement is adjudicated to be invalid,
            illegal or unenforceable, in whole or in part, it will be deemed
            omitted to that extent and all other provisions of this Agreement
            will remain in full force and effect.

            (c) No change or modification of this Agreement shall be valid
            unless the same is in writing and signed by all parties hereto.

            (d) The captions contained in this Agreement are for convenience of
            reference only and in no event define, describe or limit the scope
            or intent of this Agreement or any of the provisions or terms
            hereof.

            (e) This Agreement shall be binding upon and inure to the benefit of
            the parties and their respective heirs, legal representatives,
            successors and assigns.

            (f) This Agreement may be executed in any number of counterparts
            with the same effect as if all parties hereto had signed the same
            document. All such counterparts shall be construed together and
            shall constitute one instrument, but in making proof hereof it shall
            only be necessary to produce one such counterpart.

            (g) THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS AMENDED,
            REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
            CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT
            ORAL AGREEMENTS. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
            PARTIES.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -            FORM 4522  12/97 (Page 4)
 FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                        BORROWER:

                                        FIT REN PARK LP, a Delaware limited
                                        partnership

                                        By: FIT REN Holdings GP, a Delaware
                                            corporation, its general partner

                                            By: /s/ Jeffrey R. Rosenthal
                                               ________________________________
                                            Name: Jeffrey R. Rosenthal
                                            Title: CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT -            FORM 4522  12/97 (Page 5)
 FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

                                         TRANSFEROR:

                                         FORTRESS INVESTMENT TRUST II, a
                                         Delaware business trust

                                         By: /s/ Jeffrey R. Rosenthal
                                            ____________________________________
                                         Name: Jeffrey R. Rosenthal
                                         Title: CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT -            FORM 4522  12/97 (Page 7)
 FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

                                         TRANSFEREE:

                                         ALTERRA HEALTHCARE CORPORATION, a
                                         Delaware corporation

                                         By: /s/ Kristin A Ferge
                                             ----------------------------
                                         Name: /s/ Kristin A Ferge
                                         Title: CFO & VP

CONSENT TO TRANSFER AND RELEASE AGREEMENT -            FORM 4522  12/97 (Page 9)
 FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

                                         NEW KEY PRINCIPAL:

                                         BROOKDALE SENIOR LIVING INC., a
                                         Delaware corporation

                                         By: /s/ R. Stanley Young
                                            ____________________________________
                                         Name: R. Stanley Young
                                         Title: Executive Vice President and CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT -            FORM 4522 12/97 (Page 11)
 FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

                                       FANNIE MAE

                                       By: GMAC Commercial Mortgage Corporation,
                                           a California corporation, its
                                           attorney-in-fact

                                           By: /s/ Max W. Foore
                                              __________________________________
                                              Max W. Foore
                                              Vice President

CONSENT TO TRANSFER AND RELEASE AGREEMENT -            FORM 4522 12/97 (Page 13)
 FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

                                    EXHIBIT A
                                       TO
                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

PARCEL 1 IN THE CITY OF IRVINE, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS PER
MAP FILED IN BOOK 211, PAGES 38 AND 39 OF PARCEL MAPS, IN THE OFFICE OF THE
COUNTY RECORDER OF SAID COUNTY.

EXCEPTING THEREFROM ANY AND ALL OIL, OIL RIGHTS, MINERALS, MINERAL RIGHTS,
NATURAL GAS RIGHTS, AND OTHER HYDROCARBONS BY WHATSOEVER NAME KNOWN, GEOTHERMAL
STEAM AND ALL PRODUCTS DERIVED FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR
UNDER THE LAND HEREINABOVE DESCRIBED, TOGETHER WITH THE PERPETUAL RIGHT OF
DRILLING, MINING, EXPLORING AND OPERATING THEREFORE AND STORING IN AND
REMOVING THE SAME FROM THE LAND OR ANY OTHER LAND, INCLUDING THE RIGHT TO
WHIPSTOCK OR DIRECTIONALLY DRILL AND MINE FROM LANDS OTHER THAN THOSE
HEREINABOVE DESCRIBED, OIL OR GAS WELLS, TUNNELS AND SHAFTS INTO, THROUGH OR
ACROSS THE SUBSURFACE OF THE LAND, AND TO BOTTOM SUCH WHIPSTOCKED OR
DIRECTIONALLY DRILLED WELLS, TUNNELS AND SHAFTS UNDER AND BENEATH OR BEYOND THE
EXTERIOR LIMITS THEREOF, AND TO REDRILL, RETUNNEL, EQUIP, MAINTAIN, REPAIR,
DEEPEN AND OPERATE ANY SUCH WELLS OR MINES, WITHOUT, HOWEVER, THE RIGHT TO
DRILL, MINE, STORE, EXPLORE AND OPERATE THROUGH THE SURFACE OR THE UPPER 500
FEET OF THE SUBSURFACE OF THE LAND HEREINABOVE DESCRIBED AS RESERVED BY THE
IRVINE COMPANY IN DEED RECORDED JULY 15, 1986 AS INSTRUMENT NO. 86-302417 OF
OFFICIAL RECORDS.

ALSO EXCEPTING ANY AND ALL WATER, WATER RIGHTS OR INTEREST THEREIN APPURTENANT
OR RELATING TO THE LAND HEREINABOVE DESCRIBED OR OWNED OR USED BY GRANTOR IN
CONNECTION WITH OR WITH RESPECT TO SAID LAND (NO MATTER HOW ACQUIRED BY
GRANTOR), WHETHER SUCH RIGHTS SHALL BE RIPARIAN, OVERLYING, APPROPRIATE,
LITTORAL, PERCOLATING, PRESCRIPTIVE, ADJUDICATED, STATUTORY OR CONTRACTUAL,
TOGETHER WITH THE RIGHT AND POWER TO EXPLORE, DRILL, REDRILL REMOVE AND STORE
THE SAME FROM OR IN THE LAND HEREINABOVE DESCRIBED OR TO DIVERT OR OTHERWISE
UTILIZE SUCH WATER, RIGHTS OR INTEREST ON ANY OTHER PROPERTY OWNED OR LEASED BY
GRANTOR; BUT WITHOUT, HOWEVER, ANY RIGHT TO ENTER UPON THE SURFACE OF THE
PROPERTY DESCRIBED HEREIN IN THE EXERCISE OF SUCH RIGHTS, AS RESERVED BY THE
IRVINE COMPANY IN DEED RECORDED JULY 15, 1986 AS INSTRUMENT NO. 86-302417 OF
OFFICIAL RECORDS.

Assessor's Parcel No: 455-011-30

CONSENT TO TRANSFER AND RELEASE AGREEMENT -           FORM 4522  12/97(Page A-1)
 FANNIE MAE MULTISTATE FORM (INN AT THE PARK)

                                                             (C) 1997 Fannie Mae

<PAGE>

                                    EXHIBIT B
                                       TO
                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

1.    Multifamily Note dated as of June 21, 2005 by Borrower for the benefit of
      Original Lender;

2.    Multifamily Deed of Trust Assignment of Rents, Security Agreement and
      Fixture Filing, dated as of June 21, 2005 by Transfer or for the benefit
      of Original Lender;

3.    Replacement Reserve and Security Agreement dated as of June 21, 2005, by
      and between Borrower and Original Lender;

4.    Completion/Repair and Security Agreement dated as of June 21, 2005 by and
      between Borrower and Original Lender;

5.    Subordination, Assignment and Security Agreement dated as of June 21,
      2005, by and among Borrower, Original Lender and BLC Inn at the Park,
      L.P.;

6.    Exceptions to Non-Recourse Guaranty dated as of June 21, 2005, by
      Transferor;

7.    Certificate of Borrower dated as of June 21, 2005, by Borrower; and

8.    Agreement to Amend or Comply dated as of June 21, 2005, by Borrower.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -          FORM 4522  12/97 (Page B-1)
 FANNIE MAE MULTISTATE FORM

                                                             (C) 1997 Fannie Mae<PAGE>

                                                                 EXHIBIT 10.61.4

                                                                      Nohl Ranch

                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

      THIS CONSENT TO TRANSFER AND RELEASE AGREEMENT ("AGREEMENT") is made
effective as of September 30, 2005 by and among FORTRESS INVESTMENT TRUST II, a
Delaware business trust ("TRANSFEROR"), ALTERRA HEALTHCARE CORPORATION, a
Delaware corporation ("TRANSFEREE"), BROOKDALE SENIOR LIVING INC., a Delaware
corporation ("NEW KEY PRINCIPAL"), FIT REN NOHL RANCH LP, a Delaware limited
partnership ("BORROWER") and FANNIE MAE.

                                    RECITALS:

      A. Fannie Mae is the holder of that certain Multifamily Note (the "NOTE"),
dated as of June 21, 2005, in the original principal amount of $7,920,000.00
made by Borrower to GMAC Commercial Mortgage Bank, a Utah industrial bank
("ORIGINAL LENDER"), which Note evidences a loan (the "LOAN") made by Original
Lender to Borrower. To secure the repayment of the Note, Borrower also executed
and delivered a Multifamily Deed of Trust, Assignment of Rents, Security
Agreement and Fixture Filing, dated as of June 21, 2005, recorded in the
official records of Orange County, State of California on July 1, 2005, as
Instrument No. 2005000514446, which grants a lien on the property described in
Exhibit A to this Agreement (the "PROPERTY"). Borrower is liable for the payment
and performance of all of Borrower's obligations under the Note, the Security
Instrument and all other documents executed in connection with the Loan, as
listed on Exhibit B to this Agreement (collectively, the "LOAN DOCUMENTS"). Each
of the Loan Documents has been duly assigned or endorsed to Fannie Mae. The
current servicer of the Loan is GMAC Commercial Mortgage Corporation, a
California corporation ("SERVICER").

      B. Transferor is liable under the Exceptions to Non-Recourse Guaranty
dated as of June 21, 2005 (the "GUARANTY").

      C. Fannie Mae has been asked to consent to the transfer of Transferor's
indirect ownership interest in Borrower to Transferee (the "TRANSFER") and the
assumption by New Key Principal of the obligations of Transferor under the
Guaranty.

      D. Fannie Mae has agreed to consent to the Transfer subject to the terms
and conditions stated below.

      In consideration of the foregoing and the mutual covenants and promises
set forth in this Agreement and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Transferor,
Transferee, Borrower, New Key Principal and Fannie Mae agree as follows:

CONSENT TO TRANSFER AND RELEASE AGREEMENT -           FORM 4522  12/97  (Page 1)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

1.    ASSUMPTION BY NEW KEY PRINCIPAL OF LIABILITY FOR THE EXCEPTIONS TO
      NON-RECOURSE. New Key Principal hereby assumes all liability under the
      provisions of the Guaranty and shall be considered the "Key Principal" for
      all purposes under the Loan Documents.

2.    CONSENT TO TRANSFER. Fannie Mae hereby consents to the Transfer and to the
      assumption by New Key Principal of all of the obligations of Transferor
      under the Guaranty, subject to the terms and conditions set forth in this
      Agreement. Fannie Mae's consent to the Transfer is not intended to be and
      shall not be construed as a consent to any subsequent transfer which
      requires the Lender's consent pursuant to the terms of the Security
      Instrument.

3.    RELEASE OF TRANSFEROR. Fannie Mae hereby releases Transferor from all of
      its obligations under the Guaranty and the Loan Documents and Transferor
      shall have no further liability thereunder; provided, however, that
      Transferor is not released from any liability pursuant to this Agreement.

4.    COSTS. Transferee and Transferor agree to pay all fees and costs
      (including attorneys' fees) incurred by Fannie Mae and Servicer in
      connection with Fannie Mae's consent to and approval of the Transfer and a
      transfer fee of $0.00 in consideration of the consent to the Transfer.

6.    FINANCIAL INFORMATION. Transferor represents and warrants to Fannie Mae
      that all financial information and information regarding the management
      capability of Transferor provided to Servicer or Fannie Mae was true and
      correct as of the date provided to Servicer or Fannie Mae and remains
      materially true and correct as of the date of this Agreement.

7.    ADDRESSES. Transferee's address for notice hereunder and under the Loan
      Documents is:

      Alterra Healthcare Corporation
      6737 W. Washington Street, Suite 2300
      Milwaukee, Wisconsin  53214

      Transferor's address for notice hereunder and under the Loan Documents is:

      1251 Avenue of the Americas
      16th Floor
      New York, New York  10020

      New Key Principal's address for notice hereunder and under the Loan
      Documents is:

      330 North Wabash
      Suite 1400
      Chicago, Illinois  60611

CONSENT TO TRANSFER AND RELEASE AGREEMENT -           FORM 4522  12/97  (Page 2)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

8.    COMPLETE RELEASE. Transferee, Transferor, New Key Principal and Borrower
      jointly and severally as between Transferor, Transferee, New Key Principal
      and Borrower, unconditionally and irrevocably release and forever
      discharge Original Lender, Fannie Mae, Servicer and their respective
      successors, assigns, agents, directors, officers, employees, and
      attorneys, and each current or substitute trustee under the Security
      Instrument (collectively, the "INDEMNITEES") from all Claims, as defined
      below, and jointly and severally agree to indemnify Indemnitees, and hold
      them harmless from any and all claims, losses, causes of action, costs and
      expenses of every kind or character in connection with the Claims and the
      Transfer. Notwithstanding the foregoing, Transferor shall not be
      responsible for any claims arising from the action or inaction of
      Transferee or New Key Principal, and Transferee and New Key Principal
      shall not be responsible for any claims arising from the action or
      inaction of Transferor. As used in this Agreement, the term "CLAIMS" shall
      mean any and all possible claims, demands, actions, costs, expenses and
      liabilities whatsoever, known or unknown, at law or in equity, originating
      in whole or in part, on or before the date of this Agreement, which
      Borrower or Transferor or any of their respective partners, members,
      officers, agents or employees may now or hereafter have against the
      Indemnitees, if any, and irrespective of whether any such Claims arise out
      of contract, tort, violation of laws, or regulations, or otherwise in
      connection with any of the Loan Documents, including, without limitation,
      any contracting for, charging, taking, reserving, collecting or receiving
      interest in excess of the highest lawful rate applicable thereto and any
      loss, cost or damage, of any kind or character, arising out of or in any
      way connected with or in any way resulting from the acts, actions or
      omissions of Indemnitees, including any requirement that the Loan
      Documents be modified as a condition to the transactions contemplated by
      this Agreement, any charging, collecting or contracting for prepayment
      premiums, transfer fees, or assumption fees, any breach of fiduciary duty,
      breach of any duty of fair dealing, breach of confidence, breach of
      funding commitment, undue influence, duress, economic coercion, violation
      of any federal or state securities or Blue Sky laws or regulations,
      conflict of interest, NEGLIGENCE, bad faith, malpractice, violations of
      the Racketeer Influenced and Corrupt Organizations Act, intentional or
      negligent infliction of mental distress, tortious interference with
      contractual relations, tortious interference with corporate governance or
      prospective business advantage, breach of contract, deceptive trade
      practices, libel, slander, conspiracy or any claim for wrongfully
      accelerating the Note or wrongfully attempting to foreclose on any
      collateral relating to the Note, but in each case only to the extent
      permitted by applicable law. Transferor, Transferee, New Key Principal and
      Borrower agree that Fannie Mae, Original Lender and Servicer have no
      fiduciary or similar obligations to Transferor, Transferee or New Key
      Principal and that the relationship between Borrower and Fannie Mae is
      strictly that of creditor and debtor. This release is accepted by Fannie
      Mae and Original Lender pursuant to this Agreement and shall not be
      construed as an admission of liability on the part of either. Transferor,
      Transferee, New Key Principal and Borrower hereby represent and warrant
      that they are the current legal and beneficial owners of all Claims, if
      any, released hereby and have not assigned, pledged or contracted to
      assign or pledge any such Claim to any other person.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -           FORM 4522  12/97  (Page 3)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

9.    MISCELLANEOUS.

      (a) This Agreement shall be construed according to and governed by the
      laws of the jurisdictions in which the Property is located without regard
      to its conflicts of law principles.

      (b) If any provision of this Agreement is adjudicated to be invalid,
      illegal or unenforceable, in whole or in part, it will be deemed omitted
      to that extent and all other provisions of this Agreement will remain in
      full force and effect.

      (c) No change or modification of this Agreement shall be valid unless the
      same is in writing and signed by all parties hereto.

      (d) The captions contained in this Agreement are for convenience of
      reference only and in no event define, describe or limit the scope or
      intent of this Agreement or any of the provisions or terms hereof.

      (e) This Agreement shall be binding upon and inure to the benefit of the
      parties and their respective heirs, legal representatives, successors and
      assigns.

      (f) This Agreement may be executed in any number of counterparts with the
      same effect as if all parties hereto had signed the same document. All
      such counterparts shall be construed together and shall constitute one
      instrument, but in making proof hereof it shall only be necessary to
      produce one such counterpart.

      (g) THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS AMENDED,
      REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
      CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
      AGREEMENTS. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -           FORM 4522  12/97  (Page 4)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                             BORROWER:

                             FIT REN NOHL RANCH LP, a Delaware limited
                             partnership

                             By: FIT REN Holdings GP, a Delaware
                                 corporation, its general partner

                                     /s/ Jeffrey R. Rosenthal
                                 By:____________________________________________
                                 Name:  Jeffrey R. Rosenthal
                                 Title: CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT -           FORM 4522  12/97  (Page 5)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                           TRANSFEROR:

                                           FORTRESS INVESTMENT TRUST II, a
                                           Delaware business trust

                                               /s/ Jeffrey R. Rosenthal
                                           By:__________________________________
                                           Name:  Jeffrey R. Rosenthal
                                           Title: CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT -           FORM 4522  12/97  (Page 7)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                       TRANSFEREE:

                                       ALTERRA HEALTHCARE CORPORATION,
                                       a Delaware corporation

                                           /s/ Kristin A. Ferge
                                       By:______________________________________
                                       Name:  Kristin A. Ferge
                                       Title: CFO & VP

CONSENT TO TRANSFER AND RELEASE AGREEMENT -           FORM 4522  12/97  (Page 9)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                          NEW KEY PRINCIPAL:

                                          BROOKDALE SENIOR LIVING INC., a
                                          Delaware corporation

                                              /s/ R. Stanley Young
                                          By:___________________________________
                                          Name:  R. Stanley Young
                                          Title: Executive Vice President
                                                 and CFO

CONSENT TO TRANSFER AND RELEASE AGREEMENT -          FORM 4522  12/97  (Page 11)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                   FANNIE MAE

                                   By: GMAC Commercial Mortgage Corporation, a
                                       California corporation, its
                                       attorney-in-fact

                                           /s/ Max W. Foore
                                       By:______________________________________
                                          Max W. Foore
                                          Vice President

CONSENT TO TRANSFER AND RELEASE AGREEMENT -          FORM 4522  12/97  (Page 13)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                    EXHIBIT A
                                       TO
                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

PARCEL A:

THAT PORTION OF PARCEL 1, IN THE CITY OF ANAHEIM, COUNTY OF ORANGE, STATE OF
CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK 50, PAGE 43 OF PARCEL MAPS, IN
THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, BEING MORE PARTICULARLY
DESCRIBED AS PARCEL A OF LOT LINE ADJUSTMENT PLAT RECORDED JUNE 7, 1978 IN BOOK
12706, PAGE 1364 OF OFFICIAL RECORDS IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY.

EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBONS AND OTHER MINERALS LYING BELOW A
DEPTH OF 500 FEET FROM THE SURFACE THEREOF, BUT EXCLUDING ANY SURFACE RIGHTS IN
CONNECTION THEREWITH, AND ALSO EXCEPTING THE RIGHT TO DRILL INTO AND THROUGH
SAID LAND BELOW A DEPTH OF 500 FEET FROM THE SURFACE, AS RESERVED BY ANAHEIM
HILLS DEVELOPMENT CORPORATION (FORMERLY KNOWN AS TEXACO ANAHEIM HILLS INC.), IN
DEED RECORDED SEPTEMBER 19, 1984 AS INSTRUMENT NO. 84-387329 OF OFFICIAL RECORDS
OF SAID COUNTY.

PARCEL B:

THAT CERTAIN NON-EXCLUSIVE EASEMENT FOR INGRESS, EGRESS AND UNDERGROUND PUBLIC
UTILITY PURPOSES, AS RESERVED BY DEED RECORDED OCTOBER 30,1973 IN BOOK 10967,
PAGE 525 OF OFFICIAL RECORDS OF ORANGE COUNTY, CALIFORNIA, OVER THAT PORTION OF
PARCEL 1 AS SHOWN ON PARCEL MAP NO. 361 FILED IN BOOK 55, PAGE 21 OF PARCEL
MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:

BEGINNING AT A POINT IN THAT CERTAIN COURSE IN THE NORTHERLY BOUNDARY OF PARCEL
1, DISTANT THEREON SOUTH 70(degrees) 51' 57" WEST 207.46 FEET FROM THE EASTERLY
TERMINUS OF SAID COURSE SHOWN AS NORTH 70(degrees) 51' 57' EAST 317.67 FEET,
THENCE ALONG SAID CERTAIN COURSE AND ITS SOUTHWESTERLY PROLONGATION SOUTH
70(degrees) 51' 57" WEST 273.95 FEET TO A POINT ON A NON-TANGENT CURVE CONCAVE
WESTERLY WITH A RADIUS OF 645.00 FEET SAID CURVE BEING THE WESTERLY BOUNDARY OF
PARCEL 2 AS SHOWN ON SAID PARCEL MAP; THENCE RADIAL TO SAID CURVE SOUTH
80(degrees) 53' 49" WEST 45.00 FEET TO A POINT ON A NON-TANGENT CURVE CONCAVE
WESTERLY WITH A RADIUS OF 600.00 FEET SAID CURVE ALSO BEING THE BOUNDARY OF SAID
PARCEL, A RADIAL TO SAID POINT BEARS NORTH 80(degrees) 53' 49" EAST; THENCE
SOUTHERLY ALONG SAID BOUNDARY THROUGH A CENTRAL ANGLE OF 7(degrees) 19' 09" A
DISTANCE OF 76.65 FEET; THENCE RADIAL TO SAID CURVE NORTH 88(degrees) 12' 58"
EAST 45.00 FEET; THENCE NORTH 70(degrees) 51' 57" EAST 293.44 FEET; THENCE NORTH
19(degrees) 08'03" WEST 80.00 FEET TO THE POINT OF BEGINNING.

EXCEPTING THEREFROM THAT PORTION INCLUDED WITHIN ANAHEIM HILLS ROAD.

PARCEL C:

AN EASEMENT FOR MUTUAL INGRESS, EGRESS, PUBLIC UTILITIES AND DRAINAGE AND
CONSTRUCTION OF A ROADWAY OVER THE NORTHWESTERLY 75.00 FEET MEASURED AT RIGHT
ANGLES TO THE NORTHWESTERLY LINE OF PARCEL 2 OF PARCEL MAP RECORDED SEPTEMBER
26, 1973 IN BOOK 55, PAGE 21 AND ADJUSTED THROUGH LOT LINE ADJUSTMENT RECORDED
JUNE 7, 1978 IN BOOK 12706, PAGE 1364 ALL IN MISCELLANEOUS MAPS, COUNTY OF
ORANGE, STATES OF CALIFORNIA, AS RESERVED BY TEXACO ANAHEIM HILLS, INC., A
CORPORATION, IN THE DEED RECORDED MAY 9, 1979 IN BOOK 13138, PAGE 458 OF
OFFICIAL RECORDS.

PARCEL D:

AN EASEMENT TO INSTALL AND MAINTAIN A PRIVATE DRAIN WITHIN ANAHEIM HILLS ROAD AS
SET FORTH IN THAT CERTAIN INSTRUMENT RECORDED APRIL 18, 1985 AS INSTRUMENT NO.
85-137390, OF OFFICIAL RECORDS.
Assessor's Parcel No: 356-181-14

CONSENT TO TRANSFER AND RELEASE AGREEMENT -         FORM 4522  12/97  (Page A-1)
  FANNIE MAE MULTISTATE FORM (NOHL RANCH)
                                                             (C) 1997 Fannie Mae

<PAGE>

                                    EXHIBIT B
                                       TO
                    CONSENT TO TRANSFER AND RELEASE AGREEMENT

1.    Multifamily Note dated as of June 21, 2005 by Borrower for the benefit of
      Original Lender;

2.    Multifamily Deed of Trust Assignment of Rents, Security Agreement and
      Fixture Filing, dated as of June 21, 2005 by Transfer or for the benefit
      of Original Lender;

3.    Replacement Reserve and Security Agreement dated as of June 21, 2005, by
      and between Borrower and Original Lender;

4.    Completion/Repair and Security Agreement dated as of June 21, 2005 by and
      between Borrower and Original Lender;

5.    Subordination, Assignment and Security Agreement dated as of June 21,
      2005, by and among Borrower, Original Lender and BLC Nohl Ranch, L.P.;

6.    Exceptions to Non-Recourse Guaranty dated as of June 21, 2005, by
      Transferor;

7.    Certificate of Borrower dated as of June 21, 2005, by Borrower; and

8.    Agreement to Amend or Comply dated as of June 21, 2005, by Borrower.

CONSENT TO TRANSFER AND RELEASE AGREEMENT -         FORM 4522  12/97  (Page B-1)
  FANNIE MAE MULTISTATE FORM
                                                             (C) 1997 Fannie Mae

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