Exhibit 25.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
U.S. BANK NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
31-0841368
I.R.S. Employer Identification Number
800 Nicollet Mall |
|
|
Minneapolis, Minnesota |
| 55402 |
(Address of principal executive offices) |
| (Zip Code) |
Robert T. Jones
U.S. Bank National Association
425 Walnut Street, CN-WN-06CT
Cincinnati, Ohio 45202
(513) 632-4427
(Name, address and telephone number of agent for service)
VENTAS, INC.
VENTAS CAPITAL CORPORATION
VENTAS REALTY, LIMITED PARTNERSHIP
SEE “TABLE OF CO-OBLIGORS” ON THE FOLLOWING PAGE.
(Exact name of obligor as specified in its charter)
|
| 61-1055020 |
|
| 35-2168770 |
Delaware |
| 61-1324573 |
(State or other jurisdiction of incorporation or organization) |
| (I.R.S. Employer Identification No.) |
|
|
|
10350 Ormsby Park Place, Suite 300 |
|
|
Louisville, Kentucky |
| 40207-1642 |
(Address of principal executive offices) |
| (Zip Code) |
6 1/2% Senior Notes due 2016
(Title of indenture securities)
TABLE OF CO-OBLIGORS
The following direct or indirect subsidiaries of Ventas, Inc. are co-obligors for the purpose of providing guarantees, if any, of payments on the 6½% Senior Notes due 2016 of Ventas Capital Corporation and Ventas Realty, Limited Partnership. Ventas, Inc. may also provide guarantees of payments on the 6½% Senior Notes due 2016 of Ventas Capital Corporation and Ventas Realty, Limited Partnership. The principal executive offices of each co-registrant set forth below are located at 10350 Ormsby Park Place, Suite 300, Louisville, Kentucky 40207-1642, telephone (502) 357-9000.
Name |
| State or other |
| I.R.S. Employer |
Ventas LP Realty, L.L.C. |
| Delaware |
| 52-2093507 |
Ventas Healthcare Properties, Inc. |
| Delaware |
| 26-0055985 |
Ventas TRS, LLC |
| Delaware |
| 43-1981928 |
Ventas Management, LLC |
| Delaware |
| 43-2068276 |
Ventas Framingham, LLC |
| Delaware |
| 43-2068275 |
Ventas Sun LLC |
| Delaware |
| 20-3032275 |
Ventas Cal Sun LLC |
| Delaware |
| 20-3032284 |
Ventas Provident, LLC |
| Delaware |
| 20-2954370 |
Ventas Finance I, Inc. |
| Delaware |
| 61-1399115 |
Ventas Finance I, LLC |
| Delaware |
| 61-1399116 |
Ventas Specialty I, Inc. |
| Delaware |
| 61-1399117 |
Ventas Specialty I, LLC |
| Delaware |
| 61-1399118 |
ElderTrust |
| Maryland |
| 23-2932973 |
ElderTrust Operating Limited Partnership |
| Delaware |
| 23-2915846 |
ET Capital Corp. |
| Delaware |
| 23-2945788 |
ET Sub-Berkshire Limited Partnership |
| Delaware |
| 23-2946053 |
ET Berkshire, LLC |
| Delaware |
| 23-3074121 |
Cabot ALF, L.L.C. |
| Delaware |
| 23-2975032 |
Cleveland ALF, L.L.C. |
| Delaware |
| 23-2974999 |
ET Sub-Heritage Woods, L.L.C. |
| Delaware |
| 23-2946017 |
ET Sub-Highgate, L.P. |
| Pennsylvania |
| 23-2946046 |
ET GENPAR, L.L.C. |
| Delaware |
| 23-2945800 |
ET Sub-Lacey I, L.L.C. |
| Delaware |
| 23-2946020 |
ET Sub-Lehigh Limited Partnership |
| Delaware |
| 23-3074122 |
ET Lehigh, LLC |
| Delaware |
| 23-3074118 |
ET Sub-Lopatcong, L.L.C. |
| Delaware |
| 23-2945801 |
ET Sub-Pennsburg Manor Limited Partnership, L.L.P. |
| Virginia |
| 23-2946005 |
ET Pennsburg Finance, L.L.C. |
| Delaware |
| 23-3024248 |
ET Sub-Phillipsburg I, L.L.C. |
| Delaware |
| 23-2945793 |
ET Sub-Pleasant View, L.L.C. |
| Delaware |
| 23-2946018 |
ET Sub-Rittenhouse Limited Partnership, L.L.P. |
| Virginia |
| 23-2946049 |
ET Sub-Riverview Ridge Limited Partnership, L.L.P. |
| Virginia |
| 23-2946044 |
ET Sub-Sanatoga Limited Partnership |
| Delaware |
| 23-3074124 |
ET Sanatoga, LLC |
| Delaware |
| 23-3074120 |
ET Sub-SMOB, L.L.C. |
| Delaware |
| 23-2945798 |
Vernon ALF, L.L.C. |
| Delaware |
| 23-2975030 |
ET Sub-Willowbrook Limited Partnership, L.L.P. |
| Virginia |
| 23-2946022 |
ET Sub-Wayne I Limited Partnership, L.L.P. |
| Virginia |
| 23-2946052 |
ET Wayne Finance, L.L.C. |
| Delaware |
| 23-3024250 |
ET Wayne Finance, Inc. |
| Delaware |
| 23-3024252 |
ET Sub-Woodbridge, L.P. |
| Pennsylvania |
| 23-2946047 |
PSLT GP, LLC |
| Delaware |
| 57-1212440 |
PSLT OP, L.P. |
| Delaware |
| 02-0718666 |
PSLT-BLC Properties Holdings, LLC |
| Delaware |
| 36-4103821 |
Brookdale Living Communities of Arizona-EM, LLC |
| Delaware |
| 36-4390859 |
Brookdale Living Communities of California, LLC |
| Delaware |
| 36-4174019 |
Brookdale Living Communities of California-RC, LLC |
| Delaware |
| 36-4255656 |
2
Name |
| State or other |
| I.R.S. Employer | |||
Brookdale Living Communities of California-San Marcos, LLC |
| Delaware |
| 36-4400348 | |||
Brookdale Living Communities of Illinois-2960, LLC |
| Delaware |
| 36-4390860 | |||
Brookdale Living Communities of Illinois-II, LLC |
| Delaware |
| 36-4140070 | |||
BLC of California-San Marcos, L.P. |
| Delaware |
| 36-4400350 | |||
Brookdale Holdings, LLC |
| Delaware |
| 36-4140074 | |||
Brookdale Living Communities of Indiana-OL, LLC |
| Delaware |
| 36-4309483 | |||
Brookdale Living Communities of Massachusetts-RB, LLC |
| Delaware |
| 36-4255655 | |||
Brookdale Living Communities of Minnesota, LLC |
| Delaware |
| 36-4105750 | |||
Brookdale Living Communities of New York-GB, LLC |
| Delaware |
| 36-4390861 | |||
Brookdale Living Communities of Washington-PP, LLC |
| Delaware |
| 36-4390858 | |||
The Ponds of Pembroke Limited Partnership |
| Illinois |
| 36-3550345 | |||
River Oaks Partners |
| Illinois |
| 36-3650842 | |||
PSLT-ALS Properties Holdings, LLC |
| Delaware |
| 20-1574771 | |||
PSLT-ALS Properties I, LLC |
| Delaware |
| 39-1912087 | |||
3
FORM T-1
Item 1. GENERAL INFORMATION. Furnish the following information as to the trustee.
a) Name and address of each examining or supervising authority to which it is subject.
Comptroller of the Currency
Washington, D.C.
b) Whether it is authorized to exercise corporate trust powers.
Yes
Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the trustee, describe each such affiliation.
None
Items 3-15 Items 3-15 are not applicable because to the best of the trustee’s knowledge, the obligor is not in default under any Indenture for which the trustee acts as Trustee.
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.
Exhibit |
|
|
1 |
| A copy of the Articles of Association of the Trustee.* |
2 |
| A copy of the certificate of authority of the Trustee to commence business.* |
3 |
| A copy of the certificate of authority of the Trustee to exercise corporate trust powers.* |
4 |
| A copy of the existing bylaws of the Trustee.* |
5 |
| A copy of each Indenture referred to in Item 4, if the obligor is in default. Not applicable. |
6 |
| The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6. |
7 |
| Report of Condition of the Trustee as of September 30, 2005, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7. |
8 |
| A copy of any order pursuant to which the foreign trustee is authorized to act as sole trustee under indentures qualified or to be qualified under the Act. Not applicable. |
9 |
| A consent to service of process on Form F-X. Not applicable. |
* Incorporated by reference to Registration Number 333-67188.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 27th day of January, 2006.
|
| U.S. BANK NATIONAL ASSOCIATION | ||
|
|
| ||
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| By: | /s/ Robert T. Jones |
|
|
|
| Name: Robert T. Jones | |
|
|
| Title: Vice President | |
|
|
| ||
|
|
| ||
By: | /s/ William Sicking |
| ||
| William Sicking |
| ||
| Vice President |
| ||
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Exhibit 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
Dated: January 27, 2006
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| U.S. BANK NATIONAL ASSOCIATION | |||
|
|
| |||
|
|
| |||
|
| By: | /s/ Robert T. Jones |
| |
|
|
| Robert T. Jones | ||
|
|
| Vice President | ||
|
|
| |||
|
|
| |||
By: | /s/ William Sicking |
|
| ||
| William Sicking |
| |||
| Vice President |
| |||
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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2005
($000’s)
|
| 9/30/2005 |
| |
Assets |
|
|
| |
Cash and Due From Depository Institutions |
| $ | 6,913,461 |
|
Securities |
| 41,305,628 |
| |
Federal Funds |
| 3,300,808 |
| |
Loans & Lease Financing Receivables |
| 132,797,940 |
| |
Fixed Assets |
| 1,767,618 |
| |
Intangible Assets |
| 10,366,321 |
| |
Other Assets |
| 10,215,546 |
| |
Total Assets |
| $ | 206,667,322 |
|
|
|
|
| |
Liabilities |
|
|
| |
Deposits |
| $ | 130,337,423 |
|
Fed Funds |
| 17,257,962 |
| |
Treasury Demand Notes |
| 0 |
| |
Trading Liabilities |
| 176,079 |
| |
Other Borrowed Money |
| 25,506,397 |
| |
Acceptances |
| 85,177 |
| |
Subordinated Notes and Debentures |
| 6,661,982 |
| |
Other Liabilities |
| 5,968,944 |
| |
Total Liabilities |
| $ | 185,993,964 |
|
|
|
|
| |
Equity |
|
|
| |
Minority Interest in Subsidiaries |
| $ | 1,029,440 |
|
Common and Preferred Stock |
| 18,200 |
| |
Surplus |
| 11,804,040 |
| |
Undivided Profits |
| 7,821,678 |
| |
Total Equity Capital |
| $ | 20,673,358 |
|
|
|
|
| |
Total Liabilities and Equity Capital |
| $ | 206,667,322 |
|
To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.
U.S. Bank National Association
By: | /s/ Robert T. Jones |
|
| Vice President |
|
Date: 1/27/06
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