1
Exhibit 10.39
December 1, 1998
Xxxx X. Xxxxxxxx
000 Xxxxx Xxxxxxxx Xxxxxx
Xxxxxx, Xxxx 00000
Re: Employment Agreement dated as of December 1, 1995, 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, December 20,
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 December 1, 1998, through and including
November 30, 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
