SeniorHousing Properties Trust 400Centre Street Newton, MA 02458
Exhibit 10.2
Senior Housing Properties Trust
400 Centre Street
Newton, MA 02458
March 13, 2006
Five Star Quality Care Trust 400
Centre Street
Newton, MA 02458
Attention: Bruce J. Mackey
Re: Second Amended and Restated Lease Agreement dated as of November 19, 2004 (as amended, the Lease)
Dear Bruce:
The purpose of this letter is to confirm that, pursuant to Section 4.1.1(b) of the Lease, Valley View was sold on December 31, 2005. The net proceeds of the sale received were $2,676,448.00. Accordingly, effective January 1, 2006, Minimum Rent payable under the Lease shall be reduced by $267,644.80 per annum.
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| Very truly yours, | |||
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| /s/ John R. Hoadley |
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| John R. Hoadley | |||
Acknowledged and Agreed: |
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Five Star Quality Care Trust | |||||
By: | /s/ Bruce J. Mackey Jr. |
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| Bruce J. Mackey, Jr. | ||||
| Treasurer | ||||