1
Exhibit 10.44
April 1, 1998
Xxxx X. Xxxxxxxx
000 Xxxxxx Xxxxx Xxxxx
Xxxxxxx, Xxxx 00000
Re: Employment Agreement dated as of April 1, 1996, as amended
Dear Xxxx:
Reference is made to the above captioned Employment Agreement between yourself
and Lexford Residential Trust, as successor by merger to Lexford, Inc. f/k/a
Cardinal Realty Services, Inc., as amended as of April 18, 1996, and January 1,
1997 (the "Employment Agreement"). The Compensation Committee of the Board of
Trustees of Lexford Residential Trust (the "Company") has authorized the Company
to enter into a renewal term of the Employment Agreement covering the period
from April 1, 1998, through and including March 31, 1999.
Your signature below will evidence your agreement to the renewal term and, as so
renewed, the Employment Agreement will remain in full force and effect.
Very truly yours,
LEXFORD RESIDENTIAL TRUST
By: /s/ XXXXXXX X. XXX XXXXX
-----------------------------
Xxxxxxx X. Xxx Xxxxx
Senior Vice President
ACKNOWLEDGED AND AGREED
/s/ XXXX X. XXXXXXXX
-----------------------------
Xxxx X. Xxxxxxxx
