EXHIBIT 10.4.6
FIFTH AMENDMENT TO MASTER LEASE AGREEMENT
THIS FIFTH AMENDMENT TO MASTER LEASE AGREEMENT (this "AMENDMENT") is made
and entered into this 18th day of May, 2005, effective as of April 30, 2005, by
and between VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership
("LANDLORD") and BLC Xxxxxx-XX, LLC, BLC ALBUQUERQUE-GC, LLC, BLC Dayton-GC,
LLC, BLC Fort Xxxxx-GC, LLC, BLC Bristol-GC, LLC, BLC Xxxxxxx-GC, LLC, , BLC LAS
VEGAS-GC, LLC, BLC LUBBOCK-GC, L.P., BLC OVERLAND PARK-GC, LLC and BROOKDALE
LIVING COMMUNITIES OF ILLINOIS-GV, LLC (collectively, "EXISTING TENANT"), and
BLC BELLEVILLE-GC, LLC, BLC FINDLAY-GC, LLC, and BLC SPRINGFIELD-GC, LLC
(collectively, "ADDED TENANT"; from and after the date hereof, together with
Existing Tenant, "TENANT").
RECITALS
WHEREAS, Existing Tenant and Landlord are parties to that certain Master
Lease Agreement dated as of January 28, 2004, as amended by that certain First
Amendment to Master Lease dated as of February 20, 2004, that certain Second
Amendment to Master Lease dated as of March 30, 2004, that certain Third
Amendment to Master Lease dated as of May 13, 2004, and that certain Fourth
Amendment to Master Lease dated as of October 19, 2004 (as so amended the
"ORIGINAL LEASE");
WHEREAS, on April 15, 0000, Xxxxx Xxxxx Xxxxxxxxxx was conveyed from
Ventas Belleville, LLC to Landlord and Grand Court Findlay and Grand Court
Springfield were conveyed from Ventas Springfield/Findlay, LLC to Landlord;
WHEREAS, in accordance with Section 45 of the Lease, Landlord desires to
add Grand Court Belleville, Grand Court Findlay, and Grand Court Springfield as
Additional Properties to the Lease;
WHEREAS, Added Tenant is joining in this Amendment for the purpose of
joining the Original Lease as Tenant and becoming subject to the terms of the
Original Lease, as amended by this Amendment (the Original Lease as so amended,
the "LEASE")
WHEREAS, initially capitalized terms used but not defined herein shall the
meaning ascribed to such term in the Lease; and
WHEREAS, the parties desire to amend the Original Lease on the terms
hereinafter set forth;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are acknowledged hereby, the parties hereto, intending to
be legally bound, agree to incorporate the foregoing recitals as if the same
were more particularly set forth in the body of this Amendment and further agree
as follows:
1. JOINDER. Added Tenant hereby joins the Lease as a Tenant and agrees to
be bound thereby and each Existing Tenant hereby consents and agrees to such
joinder.
2. INCREASE TO SECURITY AMOUNT, DEFERRED MAINTENANCE DEPOSIT, AND ESCROWS.
On the date hereof, Tenant shall pay such amounts as are necessary pursuant to
Section 3.3 (Escrow Deposits), Section 3.4 (Security Deposit), and Section 3.5
(Deferred Maintenance Deposit) such that Tenant is in compliance with the
aforementioned Sections of the Lease.
3. AMENDMENTS.
3.1. Section 1.1.1 is hereby amended by replacing "A-10" with "A-13"
where it appears in such Section.
3.2. Effective as of May 1, 2005, Section 3.1.2 is hereby amended by
deleting the words "Eleven Million Two Hundred Forty Two Thousand One Hundred
Seven and No/100 Dollars per annum ($11,242,107.00) payable in equal monthly
installments of Nine Hundred Thirty Six Thousand Eight Hundred Forty Two and
25/100 Dollars ($936,842.25)" and inserting the words "Twelve Million Two
Hundred Six Thousand Nineteen and No/100 Dollars per annum ($12,206,019.00)
payable in equal monthly installments of One Million Seventeen Thousand One
Hundred Sixty Eight and 26/100 Dollars ($1,017,168.26)."
3.3. Schedule 1 is deleted in its entirety and replaced with
Schedule 1 attached hereto.
3.4. Schedule 2 is deleted in its entirety and replaced with
Schedule 2 attached hereto.
3.5. Schedule 3.5 is deleted in its entirety and replaced with
Schedule 3.5 attached hereto.
3.6. Schedule 7.3 is deleted in its entirety and replaced with
Schedule 7.3 attached hereto.
3.7. Schedule 8.2.7 is deleted in its entirety and replaced with
Schedule 8.2.7 attached hereto.
3.8. Exhibit "A" is deleted in its entirety and replaced with
Exhibit "A" attached hereto.
3.9. Exhibit "A-11," Exhibit "A-12" and Exhibit "A-13" attached
hereto are hereby added to the Lease after Exhibit "A-10."
3.10. The definition of Fixed Rent on Exhibit "B" is hereby amended
by deleting the words "Eleven Million Two Hundred Forty Two Thousand One Hundred
Seven and No/100 Dollars per annum ($11,242,107.00)" and inserting the words
"Twelve Million Two Hundred Six Thousand Nineteen and No/100 Dollars per annum
($12,206,019.00)").
3.11. Exhibit "F" is deleted in its entirety and replaced with
Exhibit "F" attached hereto.
2
3.12. Exhibit "G" is deleted in its entirety and replaced with
Exhibit "G" attached hereto.
4. DEFINITIONS. The parties hereby acknowledge and agree that (i) the
Fixed Rent and Allocated Rent in effect on May 1, 2005 shall be deemed to be the
Fixed Rent and Allocated Rent for the current Lease Year for purposes of
calculating Fixed Rent and Allocated Rent for subsequent Lease Years (i.e., the
Fixed Rent and Allocated Rent in effect on May 1, 2005 shall be deemed to have
been the Fixed Rent and Allocated Rent for the entirety of the current Lease
Year) and (ii) after the date hereof, for purposes of calculating the Portfolio
Coverage Ratio, Grand Court Belleville, Grand Court Findlay, and Grand Court
Springfield shall be deemed to have been Leased Properties, and not Other Leased
Properties, for the entire trailing twelve month period that is the subject of
any such calculation. The parties hereby acknowledge and agree that Fixed Rent
as of May 1, 2005 is Twelve Million Five Hundred Twenty Five Thousand Four
Hundred Sixty Two and 36/100 Dollars ($12,525,462.36).
5. REPRESENTATIONS AND WARRANTIES OF TENANTS. Without limiting in any way
any representation or warranty in the Lease or any document executed in
connection therewith (collectively, the "LEASE DOCUMENTS"), each Tenant
represents and warrants that as of the date hereof:
5.1. ORGANIZATION AND GOOD STANDING. Each Tenant is duly organized,
validly existing and in good standing under the laws of the State of its
organization. Each Tenant is qualified to do business in and is in good standing
under the laws of the State in which the Facility leased by such Tenant is
located. Each Tenant has delivered true and complete copies of the documents,
certificates and agreements pursuant to which such Tenant is organized to do
business.
5.2. POWER OF AUTHORITY. Each Tenant has the power and authority to
execute, deliver and perform this Amendment and to make itself jointly and
severally liable for the obligations of each other Tenant. Each Tenant has taken
all requisite action necessary to authorize the execution, delivery and
performance of such Tenant's obligations under this Amendment.
5.3. CONSENTS. The execution, delivery and performance of this
Amendment will not require any consent, approval, authorization, order, or
declaration of, or any filing or registration with, any court, any Governmental
Authority, or any other Person.
5.4. NO VIOLATION. The execution, delivery and performance of this
Amendment (i) do not and will not conflict with, and do not and will not result
in a breach of, any Tenant Org Docs; and (ii) do not and will not violate any
order, writ, injunction, decree, statute, rule or regulation applicable to any
Tenant or any of the Facilities.
5.5. FULL AND ACCURATE DISCLOSURE. No statement of fact made by or
on behalf of Tenant in this Amendment or in any other document or certificate
delivered to Landlord by Tenant contains any untrue statement of a material fact
or omits to state any material fact necessary to makes statements contained
herein or therein not misleading, including, without limitation, all of the
financial information delivered by any Tenant or Affiliate
3
of Tenant prior or simultaneous to the execution of this Amendment, all of which
Tenant hereby acknowledges were relied upon by Landlord in executing this
Amendment. There is no fact presently known to Tenant which has not been
disclosed to Landlord which has a Material Adverse Effect, nor as far as Tenant
can foresee, might have a Material Adverse Effect.
5.6. ENFORCEABILITY. This Amendment constitutes a legal, valid and
binding obligation of Tenant, enforceable in accordance with its terms, subject
to applicable bankruptcy, insolvency and similar laws affecting rights of
creditors generally and general principles of equity.
5.7. NO DEFAULTS. To Tenant's actual knowledge, no Event of Default
or monetary default under the Lease or under any of the other Lease Documents
has occurred or with the passage of time, giving of notice or both will exist.
5.8. NO OFFSETS OR DEFENSES. Through the date of this Amendment, and
to Tenant's knowledge, Tenant neither has, nor claims any offset, defense,
claim, right of set-off or counterclaim against Landlord under, arising out of
or in connection with this Amendment, the Lease or any of the other Lease
Documents. In addition, Tenant covenants and agrees with Landlord that if any
offset, defense, claim, right of set-off or counterclaim exists of which Tenant
has knowledge as of the date of this Amendment, Tenant hereby irrevocably and
expressly waives the right to assert such matter.
5.9. DAMAGE OR INJURY. Since the date of the Original Lease, no
Leased Property has been materially injured or damaged by fire or other
Casualty.
5.10. CHANGE. Since the date of the Original Lease, no material
adverse change with respect to any Leased Property or Tenant has occurred.
5.11. REPRESENTATION AND WARRANTIES IN LEASE AGREEMENT. All of the
representations and warranties in Section 10.7 through 10.14, inclusive, in the
Original Lease are hereby made by Additional Tenant, and all of the
representations and warranties in Article 10 of the Original Lease are hereby
re-made by each Existing Tenant, and are true and correct as of the date hereof.
6. MODIFICATIONS. This Amendment may not be amended, modified or otherwise
changed in any manner except by a writing executed by all of the parties hereto.
7. SEVERABILITY. In case any provision of this Amendment shall be invalid,
illegal, or unenforceable, such provision shall be deemed to have been modified
to the extent necessary to make it valid, legal, and enforceable. The validity,
legality, and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.
8. SUCCESSORS AND ASSIGNS. This Amendment applies to, inures to the
benefit of, and binds all parties hereof, their heirs, legatees, devisees,
administrators, executors, and permitted successors and assigns.
9. GOVERNING LAW. This Amendment was negotiated in the State of Illinois,
which State the parties agree has a substantial relationship to the parties and
to the underlying
4
transaction embodied hereby. In all respects, the law of the State of Illinois
shall govern the validity of and enforceability of the obligations of the
parties set forth herein, but all provisions hereof relating to the creation of
the leasehold estate and remedies set forth in the Lease shall be governed by
the laws of the State in which each applicable Leased Property that is the
subject of dispute is located.
10. FULL FORCE AND EFFECT. The Lease Documents remain in full force and
effect. None of the representations, warranties or covenants contained herein
shall limit in any way any representation, warranty or covenant contained in any
Lease Document. This Amendment shall constitute a "Lease Document" as defined
herein.
11. AMENDMENT CONTROLLING. This Amendment is considered by the parties to
the Lease to be an integral part of such Lease. If there is any conflict between
the terms of the Lease and this Amendment, the terms of this Amendment shall
control. Except as expressly amended herein, all other terms, agreements, and
conditions of the Lease shall remain unmodified and in full force and effect.
12. COUNTERPARTS/FAX SIGNATURES. This Amendment may be executed in two or
more counterparts, any one of which need not contain the signatures of more than
one party, but all such counterparts when taken together will constitute one in
the same agreement. Confirmation of the execution of this Amendment by telex or
by telecopy or telefax of a facsimile page(s) executed by the parties shall be
binding upon the parties hereto.
[SIGNATURE PAGE TO FOLLOW]
5
IN WITNESS WHEREOF, the parties have caused this Fifth Amendment to
Master Lease Agreement to be executed as of the date first above written.
LANDLORD:
Witness: VENTAS REALTY, LIMITED PARTNERSHIP,
a Delaware limited partnership
Name: /s/ Xxxx Xxxxx By: Ventas, Inc., a Delaware corporation
-------------------------------
Name: /s/ Xxxxxxx X. Xxxxxxxx By: /s/ T. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: T. Xxxxxxx Xxxxx
Title: Executive Vice President and
General Counsel
TENANT:
Witness: BLC XXXXXX-XX, LLC,
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
Witness: BLC ALBUQUERQUE-GC, LLC,
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
Witness: BLC BRISTOL-GC, LLC,
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
Witness: BLC DAYTON-GC, LLC,
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
Witness: BLC FORT XXXXX-GC, LLC,
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible
------------------------------- Its: Vice President
Witness: BLC XXXXXXX-GC, LLC,
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
Witness: BLC LAS VEGAS-GC, LLC
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
Witness: BLC LUBBOCK-GC, L.P., a Delaware limited
partnership,
Name: /s/ Illegible By: BLC LUBBOCK-GC, LLC, a Delaware
------------------------------- limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- ----------------------------
Name: R. Xxxxxxx Xxxxx
Its: Vice President
Witness: BLC OVERLAND PARK-GC, LLC
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
Witness: BLC BELLEVILLE-GC, LLC
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
BLC FINDLAY-GC, LLC
Witness: a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Its: Vice President
Name: /s/ Illegible
-------------------------------
Witness: BLC SPRINGFIELD-GC, LLC
a Delaware limited liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
Witness: BROOKDALE LIVING COMMUNITIES OF
ILLINOIS-GV, LLC, a Delaware limited
liability company
Name: /s/ Illegible By: /s/ R. Xxxxxxx Xxxxx
------------------------------- --------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ Illegible Its: Vice President
-------------------------------
GUARANTOR HEREBY AGREES AND CONSENTS TO THIS FIFTH AMENDMENT TO MASTER LEASE
AGREEMENT:
GUARANTOR:
Witness: BROOKDALE LIVING COMMUNITIES, INC.,
a Delaware corporation
Name: /s/ ILLEGIBLE
-------------------------------- By: /s/ R. Xxxxxxx Xxxxx
--------------------------------
Name: R. Xxxxxxx Xxxxx
Name: /s/ ILLEGIBLE Title: Executive Vice-President,
-------------------------------- Chief Financial Officer and
Treasurer
State of Kentucky )
) ss:
County of Jefferson )
On this 12 day of April, 2005, before me personally appeared T. Xxxxxxx
Xxxxx, to me known to be the Executive Vice President and General Counsel of
Ventas, Inc., the general partner of VENTAS REALTY, LIMITED PARTNERSHIP, a
Delaware limited partnership, the entity that executed the foregoing instrument,
and acknowledged the said instrument to be the free and voluntary act and deed
of said entity, for the uses and purposes therein mentioned, and on oath stated
that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxxxx X. Xxxxx
-----------------------------------
Notary Public in and for the State
of Kentucky residing at
Xxxxxxxxxx, Xxxxxxxx 00000
-----------------------------------
My Commission Expires: 11/26/06
State of Illinois )
) ss:
County of Xxxx )
On this _____ day of April, 2005, before me personally appeared R Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Xxxxxx-XX, LLC, a Delaware
limited liability company, the entity that executed the foregoing instrument,
and acknowledged the said instrument to be the free and voluntary act and deed
of said entity, for the uses and purposes therein mentioned, and on oath stated
that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
----------------------------------
Notary Public in and for the State
of Illinois residing at
----------------------------------
My Commission Expires: 5/31/06
State of Illinois )
) ss:
County of Xxxx )
On this _____ day of April, 2005, before me personally appeared R.
Xxxxxxx Xxxxx, to me known to be the Vice-President of BLC Albuquerque-GC, LLC,
a Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
----------------------------------
Notary Public in and for the State
of Illinois residing at
__________________________________
My Commission Expires: 5/31/06
State of Illinois )
) ss:
County of Xxxx )
________
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Bristol-GC, LLC, a Delaware
limited liability company, the entity that executed the foregoing instrument,
and acknowledged the said instrument to be the free and voluntary act and deed
of said entity, for the uses and purposes therein mentioned, and on oath stated
that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
__________________________________
Notary Public in and for the State
of Illinois residing at
________________
__________________________________
My Commission Expires: 5/31/06
State of Illinois )
) ss:
County of Xxxx )
________
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Dayton-GC, LLC, a Delaware
limited liability company, the entity that executed the foregoing instrument,
and acknowledged the said instrument to be the free and voluntary act and deed
of said entity, for the uses and purposes therein mentioned, and on oath stated
that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
__________________________________
Notary Public in and for the State
of Illinois residing at
________________
__________________________________
My Commission Expires: 5/31/06
State of Illinois )
) ss:
County of Xxxx )
________
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Fort Xxxxx-GC, LLC, a
Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
__________________________________
Notary Public in and for the State
of Illinois residing at
________________
__________________________________
My Commission Expires: 5/31/06
State of Illinois )
) ss:
County of Xxxx )
________
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Xxxxxxx-GC, LLC, a Delaware
limited liability company, the entity that executed the foregoing instrument,
and acknowledged the said instrument to be the free and voluntary act and deed
of said entity, for the uses and purposes therein mentioned, and on oath stated
that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
__________________________________
Notary Public in and for the State
of Illinois residing at
________________
__________________________________
My Commission Expires: 5/31/06
State of Illinois )
) ss:
County of Xxxx )
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Las Vegas-GC, LLC, a Delaware
limited liability company, the entity that executed the foregoing instrument,
and acknowledged the said instrument to be the free and voluntary act and deed
of said entity, for the uses and purposes therein mentioned, and on oath stated
that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
----------------------------------
Notary Public in and for the State
of Illinois residing at
__________________________________
My Commission Expires: 5/31/06
State of Illinois )
) ss:
County of Xxxx )
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Lubbock-GC, LLC, a Delaware
limited liability company, the general partner of BLC Lubbock-GC, L.P., a
Delaware limited partnership, the entity that executed the foregoing instrument,
and acknowledged the said instrument to be the free and voluntary act and deed
of said entity, for the uses and purposes therein mentioned, and on oath stated
that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
----------------------------------
Notary Public in and for the State
of Illinois residing at
__________________________________
My Commission Expires: 5/31/06
State of Illinois )
) ss:
County of Xxxx )
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Overland Park, LLC, a
Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
----------------------------------
Notary Public in and for the State
of Illinois residing at
__________________________________
My Commission Expires 5/31/06
]
State of Illinois )
) ss:
County of Xxxx )
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Belleville-GC, LLC, a
Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
----------------------------------
Notary Public in and for the State
of Illinois residing at
__________________________________
My Commission Expires 5/31/06
State of Illinois )
) ss:
County of Xxxx )
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Findlay-GC, LLC, a Delaware
limited liability company, the entity that executed the foregoing instrument,
and acknowledged the said instrument to be the free and voluntary act and deed
of said entity, for the uses and purposes therein mentioned, and on oath stated
that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
----------------------------------
Notary Public in and for the State
of Illinois residing at
__________________________________
My Commission Expires 5/31/06
State of Illinois )
) ss:
County of Xxxx )
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BLC Springfield-GC, LLC, a
Delaware limited liability company, the entity that executed the foregoing
instrument, and acknowledged the said instrument to be the free and voluntary
act and deed of said entity, for the uses and purposes therein mentioned, and on
oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
----------------------------------
Notary Public in and for the State
of Illinois residing at
__________________________________
My Commission Expires 5/31/06
State of Illinois )
) ss:
County of Xxxx )
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Vice-President of BROOKDALE LIVING COMMUNITIES OF
ILLINOIS-GV, LLC, a Delaware limited liability company, the entity that executed
the foregoing instrument, and acknowledged the said instrument to be the free
and voluntary act and deed of said entity, for the uses and purposes therein
mentioned, and on oath stated that he was authorized to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
__________________________________
Notary Public in and for the State
of Illinois residing at
________________
__________________________________
My Commission Expires: 5/31/06
State of Illinois )
) ss:
County of Xxxx )
________
On this _____ day of April, 2005, before me personally appeared R. Xxxxxxx
Xxxxx, to me known to be the Executive Vice-President, Chief Financial Officer
and Treasurer of Brookdale Living Communities, Inc. a Delaware corporation, the
entity that executed the foregoing instrument, and acknowledged the said
instrument to be the free and voluntary act and deed of said entity, for the
uses and purposes therein mentioned, and on oath stated that he was authorized
to execute said instrument.
In witness whereof, I have hereunto set my hand and affixed my official
seal the day and year first written above.
/s/ Xxxxxx Xxxxxx
__________________________________
Notary Public in and for the State
of Illinois residing at
____________________
__________________________________
My Commission Expires: 5/31/06
Schedule 1
FACILITY, TENANT, PRIMARY INTENDED USE, IL UNITS, AL UNITS, TOTAL UNITS
AL TOTAL
FACILITY TENANT PRIMARY INTENDED USE IL UNITS UNITS UNITS
-------- ------ -------------------- -------- -------- -----------
XXXXXX BLC Xxxxxx-XX, Assisted living facility and 51 52 103
LLC senior independent living
facility.
ALBUQUERQUE BLC Assisted living facility and 140 60 200
Albuquerque-GC, senior independent living
LLC facility.
BRISTOL BLC Bristol-GC, Assisted living facility and 54 44 98
LLC senior independent living
facility.
DAYTON BLC Dayton-GC, Assisted living facility and 130 55 185
LLC senior independent living
facility.
FT. XXXXX BLC Fort Senior independent living 185 0 185
Xxxxx-GC, LLC facility.
LAS VEGAS BLC Las Assisted living facility and 102 50 152
Vegas-GC, LLC senior independent living
facility.
LUBBOCK BLC Lubbock-GC, Senior independent living 138 0 138
LLC facility
OVERLAND PARK BLC Overland Senior independent living 276 0 276
Park-GC, LLC facility
TAVARES BLC Xxxxxxx-GC, Assisted living facility and 59 35 94
LLC senior independent living
facility.
SEASONS AT GLENVIEW Brookdale Living Assisted living facility and 167 54 221
Communities of senior independent living
Illinois-GV, LLC facility.
BELLEVILLE BLC Senior independent living 76 0 76
Belleville-GC, facility.
LLC
Schedule 1
]
AL TOTAL
FACILITY TENANT PRIMARY INTENDED USE IL UNITS UNITS UNITS
-------- ------ -------------------- -------- -------- -----------
FINDLAY BLC Findlay-GC, Assisted living facility and 73 -- can 73 -- can 73
LLC senior independent living be used as be used
facility either IL as either
or AL units IL or AL
units
SPRINGFIELD BLC Assisted living facility and 77 -- can 77 -- can 77
Springfield-GC, senior living facility. be used as be used
LLC either IL as either
or AL units IL or AL
units
Schedule 1
SCHEDULE 2
INITIAL ALLOCATED RENT AND INITIAL MINIMUM OPTION PURCHASE PRICE
INITIAL ANNUAL ALLOCATED INITIAL MINIMUM OPTION
FACILITY RENT PURCHASE PRICE
-------- ------------------------ ----------------------
Adrian, Michigan $ 544,388.00 $ 5,885,000.00
Albuquerque, New Mexico $ 1,076,267.00 $ 11,635,000.00
Bristol, Virginia $ 610,558.00 $ 6,601,000.00
Dayton, Ohio $ 333,306.00 $ 3,603,000.00
Ft. Xxxxx, Florida $ 1,316,361.00 $ 14,231,000.00
Las Vegas $ 224,792.00 $ 2,430,000.00
Lubbock $ 667,113.00 $ 7,212,000.00
Overland Park $ 2,225,899.00 $ 24,064,000.00
Tavares, Florida $ 381,548.00 $ 4,125,000.00
Seasons at Glenview, Illinois $ 3,861,875.00 Not applicable
Belleville, Illinois $ 361,424.00 $ 3,907,000.00
Findlay, Ohio $ 367,429.00 $ 3,972,000.00
springfield, Ohio $ 235,059.00 $ 2,541,000.00
TOTALS $ 12,206,019.00 $ 90,206,000.00
SCHEDULE 3.5
CAPITAL REPAIR ITEMS
CAPITAL REPAIR ITEMS ALLOWANCE AMOUNT
-------------------- ----------------
ADRIAN, MICHIGAN
1. None 1. $0
ALBUQUERQUE, NEW MEXICO
1. Heat pump replacements and cooling tower 1. $11,000.00
upgrades
2. Replacement of some kitchen appliances 2. $13,125.00
TOTAL: $24,125.00
XXXXXXX, XXXXXXXX
0. Roof leaks reported and needing repaired 1. $ 6,250.00
DAYTON, OHIO
1. Repair asphalt and concrete, reseal asphalt 1. $14,843.75
2. Replace original portion of roof over next 2. $46,378.75
2 years
3. Replace common area FF&E 3. $9,375.00
4. Reattach meters and switch gear 4. $1,250.00
TOTAL: $71,847.50
FT. XXXXX, FLORIDA
1. Replace roof and roof membranes due to roof 1. $ 50,000.00
leaks over a period of years
LAS VEGAS, NEVADA
1. Replace roof in kitchen due to leaks 1. $8,750.00
2. Repair and seal cracks on concrete topping 2. $3,125.00
of the balcony docks to prevent moisture
reaching plywood sheathing
TOTAL: $11,875.00
LUBBOCK, TEXAS
1. Non 1. $0
CAPITAL REPAIR ITEMS ALLOWANCE AMOUNT
-------------------- ----------------
OVERLAND PARK, KANSAS
1. Isolated portion of concrete block at porte 1. $1,250.00
cohere is damaged. Damaged areas must be
replaced
2. Various balcony decks are separating from 2. $93,750.00
the lower bearing walls exterior
TOTAL: $95,000.00
TAVARES, FLORIDA
1. None 1. $0
SEASONS AT GLENVIEW, ILLINOIS
1. None 1. $0
BELLEVILLE, ILLINOIS
1. None 1. $0
FINDLAY, OHIO
1. Environmental Holdback; radon levels need 1. $12,500
to be decreased to acceptable levels.
Notwithstanding anything to the contrary in the
Lease, the radon levels at the Leased Property
must be in compliance with the terms of this
Lease within one hundred twenty (120) days
after March 10, 2004
SPRINGFIELD, OHIO
1. None 1. $0
TOTAL $271,597.50
Schedule 3.5
SCHEDULE 7.3
AUTHORIZATION COLLATERAL
1. License issued by Michigan Family Independence Agency, Office of Children
& Adult Licensing for a home for the aged, capacity 66, to BLC Xxxxxx-XX,
LLC
2. License issued by Ohio Department of Health for Residential Care Facility,
capacity 83, to BLC-Dayton-GC, LLC
3. License issued by New Mexico Department of Health for Adult Residential
Shelter Care Home, capacity 100, to BLC Albuquerque-GC, LLC
4. License issued by Virginia Department of Social Services for an Assisted
Living Facility, capacity 125, to BLC Bristol-GC, LLC
5. License issued by the Florida Agency for Health Care Administration for an
Assisted Living Facility, capacity 65, to BLC Xxxxxxx - GC, LLC
6. License issued by the Nevada Department of Human Services, Health
Division, Bureau of Licensing and Certification for a Residential Facility
for Elderly or Disabled Persons, Category 1, Capacity 50, to BLC Las
Vegas-GC, LLC
7. License issued by the Illinois Department of Public Health Assisted Living
License.
8. License issued by the Ohio Department of Health for a Residential Care
Facility, capacity 132, to BLC Xxxxxxx XX, LLC.
9. License issued by the Ohio Department of Health for a Residential Care
Facility, capacity 144, to BLC Springfield GC, LLC.
SCHEDULE 8.2.7
NONCOMPLIANCE WITH CERTAIN LEGAL AND INSURANCE REQUIREMENTS
NONE
EXHIBIT A
LEASED PROPERTY ADDRESSES
PROPERTY NAME: PROPERTY ADDRESS
The Grand Court Adrian 0000 Xxxxxxxxx Xxxxx, Xxxxxx (Xxxxxxx Xxxxxx), Xxxxxxxx
The Grand Court Albuquerque 000 Xxxxxxxx Xxxxx XX, Xxxxxxxxxxx (Xxxxxxxxxx Xxxxxx), Xxx Xxxxxx
The Grand Court Bristol One Liberty Place, Bristol (Washington County), Virginia
The Grand Court Dayton 000 Xxxxxx Xxx, Xxxxxx (Xxxxxxxxxx and Xxxxxx Counties), Ohio
The Grand Court Fort Xxxxx 0000 Xxxxxxx Xxxxxxx, Xxxx Xxxxx (Xxx Xxxxxx), Xxxxxxx
The Grand Court Las Vegas 0000 X. Xxxxxxxx Xxxx, Xxx Xxxxx (Xxxxx Xxxxxx), Xxxxxx
The Grand Court Lubbock 0000 00xx Xxxxxx, Xxxxxxx (Xxxxxxx Xxxxxx), Xxxxx
The Grand Court Overland Park 0000 X. 000xx Xxxxxx, Xxxxxxxx Xxxx (Xxxxxxx Xxxxxx), Xxxxxx
The Grand Court Tavares 0000 Xxxxxxxx Xxxxxx Xxxx, Xxxxxxx (Xxxx Xxxxxx), Xxxxxxx
The Seasons at Glenview Place 0000 Xxxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxx 00000
The Grand Court Belleville 000 X. Xxxx Xxxx, Xxxxxxxxxx, Xxxxxxxx
The Grand Court Findlay 000 Xxx Xxx Xxxx, Xxxxxxx (Xxxxxxx Xxxxxx), Xxxx
The Grand Court Springfield 0000 Xxxxxx Xxxxxx, Xxxxxxxxxxx (Xxxxx Xxxxxx), Xxxx
EXHIBIT A-11
LEGAL DESCRIPTION (BELLEVILLE)
EXHIBIT A-12
LEGAL DESCRIPTION (FINDLAY)
EXHIBIT A-13
LEGAL DESCRIPTION (SPRINGFIELD)
EXHIBIT F
LIST OF PROPERTY MANAGEMENT CONTRACTS
1. Exclusive Property Management and Leasing Agreement dated as of January
28, 2004, by and between BLC Xxxxxx-XX, LLC and Brookdale Living
Communities-GC, LLC.
2. Exclusive Property Management and Leasing Agreement dated as of January
28, 2004, by and between BLC Albuquerque-GC, LLC and Brookdale Living
Communities-GC, LLC.
3. Exclusive Property Management and Leasing Agreement dated as of February
20, 2004, by and between BLC Bristol-GC, LLC and Brookdale Living
Communities-GC, LLC.
4. Exclusive Property Management and Leasing Agreement dated as of January
28, 2004, by and between BLC Dayton-GC, LLC and Brookdale Living
Communities-GC, LLC.
5. Exclusive Property Management and Leasing Agreement dated as of January
28, 2004, by and between BLC Fort Xxxxx-GC, LLC and Brookdale Living
Communities-GC, LLC.
6. Exclusive Property Management and Leasing Agreement dated as of February
20, 2004, by and between BLC Xxxxxxx-GC, LLC and Brookdale Living
Communities-GC, LLC.
7. Exclusive Property Management and Leasing Agreement dated as of March
[30], 2004, by and between BLC Las Vegas-GC, LLC and Brookdale Living
Communities-GC, LLC.
8. Exclusive Property Management and Leasing Agreement dated as of March
[30], 2004, by and between BLC Lubbock-GC, L.P. and Brookdale Living
Communities-GC, LLC.
9. Exclusive Property Management and Leasing Agreement dated as of March
[30], 2004, by and between BLC Overland Park, LLC and Brookdale Living
Communities-GC, LLC.
10. Exclusive Property Management, Leasing and Submanagement Agreement between
Brookdale Living Communities of Illinois-GV, LLC, Parkside of Glenview,
L.L.C., and Brookdale Management of Illinois-GV, LLC.
11. Exclusive Property Management and Leasing Agreement dated as of March 10,
2004, by and between BLC Belleville-GC, LLC and Brookdale Living
Communities-GC, LLC.
12. Exclusive Property Management and Leasing Agreement dated as of March 10,
2004, by and between BLC Findlay-GC, LLC and Brookdale Living
Communities-GC, LLC.
13. Exclusive Property Management and Leasing Agreement dated as of March 10,
2004, by and between BLC Springfield-GC, LLC and Brookdale Living
Communities-GC, LLC.
EXHIBIT G
LIST OF OTHER LEASED PROPERTIES
1. Xxxxx Xxxxx Xxxxxxxxxx Xxxxx, Xxxxxxxxxx Xxxxx, Xxxxxxxx
2. Grand Court Kansas City I, Kansas City, Missouri
