[KINDRED LETTERHEAD] Notice of Renewal
EXHIBIT 10.37
[KINDRED LETTERHEAD]
Notice of Renewal
November 29, 2011
Ventas Realty, Limited Partnership
c/o Ventas, Inc.
10350 Ormsby Park Place, Suite 300
Louisville, Kentucky 40223
Attention: Lease Administration
Ventas Realty, Limited Partnership
c/o Ventas, Inc.
10350 Ormsby Park Place, Suite 300
Louisville, Kentucky 40223
Attention: General Counsel
Re: | Renewal of Certain Renewal Groups to expire on April 30, 2013 between Kindred Healthcare Inc. and Kindred Healthcare Operating, Inc. and Ventas Realty, Limited Partnership |
Dear Ladies and Gentlemen:
KINDRED HEALTHCARE, INC., a Delaware corporation formerly known as Vencor, Inc. (Kindred), and KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation formerly known as Vencor Operating, Inc. (Operator; and together with Kindred and permitted successors and assignees of Operator and Kindred, Tenant) hereby give this renewal notice effective as of the date hereof to VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership (together with its successors and assigns, Lessor) of their exercise of the five-year renewal option for Renewal Groups 1 and 3, as more particularly set forth on Schedule A attached hereto, pursuant to Section 19.1 of that certain SECOND AMENDED AND RESTATED MASTER LEASE AGREEMENT NO. 1 (the Master Lease) by and between Lessor and Tenant dated as of the 27th day of April, 2007. Please let us know as soon as possible, and in any event within thirty days following receipt of this notice, whether you intend to exercise your fair market rental determination rights pursuant to Section 19.3 of the Master Lease. Tenant expressly reserves its right to deliver one or more additional renewal notices in accordance with Section 19.1 of the Master Lease or other master lease agreements currently in effect between Landlord and Tenant.
We appreciate your prompt attention to this matter. If you have any questions or concerns, please feel free to contact the undersigned at ###-###-####.
Sincerely, |
/s/ Gregory C. Miller |
Name: Gregory C. Miller |
Title: Chief Development Officer |
Enclosure
2
Schedule A
Facility | Name | City | State | Current Lease Expiration Date | Renewal Group | |||||
132 | Madison Healthcare & Rehab Center | Madison | TN | April 30, 2013 | 1 | |||||
280 | Winchester Centre for Health/Rehab | Winchester | KY | April 30, 2013 | 1 | |||||
406 | Muncie Health Care & Rehab | Muncie | IN | April 30, 2013 | 1 | |||||
577 | Minerva Park Nursing & Rehab Center | Columbus | OH | April 30, 2013 | 1 | |||||
635 | Coshocton Health & Rehab Center | Coshocton | OH | April 30, 2013 | 1 | |||||
784 | Northfield Center for Health & Rehab | Louisville | KY | April 30, 2013 | 1 | |||||
4618 | Kindred Hospital Oklahoma City | Oklahoma City | OK | April 30, 2013 | 1 | |||||
4822 | Kindred Hospital San Francisco Bay Area | San Leandro | CA | April 30, 2013 | 1 | |||||
114 | Arden Rehab & Healthcare Center | Seattle | WA | April 30, 2013 | 3 | |||||
140 | Wasatch Care Center | Ogden | UT | April 30, 2013 | 3 | |||||
167 | Canyonwood Nursing & Rehab Center | Redding | CA | April 30, 2013 | 3 | |||||
180 | Vancouver Healthcare & Rehab Center | Vancouver | WA | April 30, 2013 | 3 | |||||
247 | Saint George Care & Rehab Center | Saint George | UT | April 30, 2013 | 3 | |||||
416 | Park Place Health Care Center | Great Falls | MT | April 30, 2013 | 3 | |||||
482 | Wind River Healthcare & Rehab Center | Riverton | WY | April 30, 2013 | 3 | |||||
4842 | Kindred Hospital Westminster | Westminster | CA | April 30, 2013 | 3 |