EXHIBIT 25.2
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) o
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 |
| 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)
Delaware |
| 61-1055020 |
(State or other jurisdiction of incorporation or organization) |
| (I.R.S. Employer Identification No.) |
111 S. Wacker Drive, Suite 4800 |
| 60606 |
(Address of principal executive offices) |
| (Zip Code) |
Subordinated Debt Securities
(Title of indenture securities)
TABLE OF CO-OBLIGORS
The following direct or indirect subsidiaries of Ventas, Inc. may be co-obligors for the purpose of providing guarantees, if any, of payments on the subordinated debt securities of Ventas, Inc. and on the subordinated debt securities of Ventas Capital Corporation and Ventas Realty, Limited Partnership. Ventas, Inc. may also provide guarantees of payments on the subordinated debt securities of Ventas Capital Corporation and Ventas Realty, Limited Partnership. Ventas Realty, Limited Partnership may also provide guarantees of payments on the subordinated debt securities of Ventas, Inc. The principal executive offices of each co-registrant set forth below are located at 111 S. Wacker Drive, Suite 4800, Chicago, Illinois 60606, telephone (877) 483-6827.
Name |
| State or other |
| IRS Employer |
|
|
|
|
|
AL (AP) Holding LLC |
| Delaware |
| 20-1290648 |
AL (HCN) Holding LLC |
| Delaware |
| 11-3713528 |
AL (MT) Holding LLC |
| Delaware |
| 04-3709897 |
Allison Park Nominee LLC |
| Delaware |
| 20-1288342 |
Allison Park Nominee LP |
| Delaware |
| 20-0116902 |
BCC Altoona Realty GP, LLC |
| Delaware |
| 20-4814240 |
BCC Altoona Realty, LLC |
| Delaware |
| 20-4360216 |
BCC Altoona Realty, LP |
| Delaware |
| 20-4814552 |
BCC Berwick Realty GP, LLC |
| Delaware |
| 20-4814467 |
BCC Berwick Realty, LLC |
| Delaware |
| 20-4360402 |
BCC Berwick Realty, LP |
| Delaware |
| 20-4814806 |
BCC Lewiston Realty GP, LLC |
| Delaware |
| 20-4814292 |
BCC Lewiston Realty, LLC |
| Delaware |
| 20-4360250 |
BCC Lewiston Realty, LP |
| Delaware |
| 20-4814618 |
BCC Martinsburg Realty, LLC |
| Delaware |
| 20-4359771 |
BCC Medina Realty, LLC |
| Delaware |
| 20-4360032 |
BCC Ontario Realty, LLC |
| Delaware |
| 20-4359995 |
BCC Reading Realty GP, LLC |
| Delaware |
| 20-4814343 |
BCC Reading Realty, LLC |
| Delaware |
| 20-4360284 |
BCC Reading Realty, LP |
| Delaware |
| 20-4814689 |
BCC Shippensburg Realty, LLC |
| Delaware |
| 20-4360124 |
BCC South Beaver Realty, LLC |
| Delaware |
| 20-4360173 |
BCC State College Realty GP, LLC |
| Delaware |
| 20-4814411 |
BCC State College Realty, LLC |
| Delaware |
| 20-4360353 |
BCC State College Realty, LP |
| Delaware |
| 20-4814752 |
BCC Washington Township Realty, LLC |
| Delaware |
| 20-4360071 |
BLC of California-San Marcos, L.P. |
| Delaware |
| 36-4400350 |
Bloomsburg Nominee LLC |
| Delaware |
| 11-3713538 |
Bloomsburg Nominee LP |
| Delaware |
| 11-3713547 |
Brookdale Holdings, LLC |
| Delaware |
| 36-4140074 |
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 |
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 |
2
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 |
Chippewa Nominee LLC |
| Delaware |
| 04-3710093 |
Chippewa Nominee LP |
| Delaware |
| 04-3710098 |
Dillsburg Nominee LLC |
| Delaware |
| 04-3710124 |
Dillsburg Nominee LP |
| Delaware |
| 04-3710126 |
EC Halcyon Realty, LLC |
| Delaware |
| 20-4735761 |
EC Hamilton Place Realty, LLC |
| Delaware |
| 20-4588621 |
EC Lebanon Realty, LLC |
| Delaware |
| 20-4588944 |
EC Timberlin Parc Realty, LLC |
| Delaware |
| 20-4591454 |
ElderTrust |
| Maryland |
| 23-2932973 |
ET Berkshire, LLC |
| Delaware |
| 23-3074121 |
ET Capital Corp. |
| Delaware |
| 23-2945788 |
ET GENPAR, L.L.C. |
| Delaware |
| 23-2945800 |
ET Lehigh, LLC |
| Delaware |
| 23-3074118 |
ET Pennsburg Finance, L.L.C. |
| Delaware |
| 23-3024248 |
ET Sanatoga, LLC |
| Delaware |
| 23-3074120 |
ET Sub-Berkshire Limited Partnership |
| Delaware |
| 23-3074125 |
ET Sub-Heritage Woods, L.L.C. |
| Delaware |
| 23-2946017 |
ET Sub-Highgate, L.P. |
| Pennsylvania |
| 23-2946046 |
ET Sub-Lacey I, L.L.C. |
| Delaware |
| 23-2946020 |
ET Sub-Lehigh Limited Partnership |
| Delaware |
| 23-3074122 |
ET Sub-Lopatcong, L.L.C. |
| Delaware |
| 23-2945801 |
ET Sub-Pennsburg Manor Limited Partnership, L.L.P. |
| Virginia |
| 23-2946005 |
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 Sub-SMOB, L.L.C. |
| Delaware |
| 23-2945798 |
ET Sub-Wayne I Limited Partnership, L.L.P. |
| Virginia |
| 23-2946052 |
ET Sub-Willowbrook Limited Partnership, L.L.P. |
| Virginia |
| 23-2946022 |
ET Sub-Woodbridge, L.P. |
| Pennsylvania |
| 23-2946047 |
ET Wayne Finance, Inc. |
| Delaware |
| 23-3024252 |
ET Wayne Finance, L.L.C. |
| Delaware |
| 23-3024250 |
Hendersonville Nominee LLC |
| Delaware |
| 04-3709935 |
Hendersonville Nominee LP |
| Delaware |
| 04-3709939 |
IPC (AP) Holding LLC |
| Delaware |
| 20-1288316 |
IPC (HCN) Holding LLC |
| Delaware |
| 11-3713503 |
IPC (MT) Holding LLC |
| Delaware |
| 04-3709895 |
Kingsport Nominee LLC |
| Delaware |
| 04-3710060 |
Kingsport Nominee LP |
| Delaware |
| 04-3710065 |
Knoxville Nominee LLC |
| Delaware |
| 04-3710081 |
Knoxville Nominee LP |
| Delaware |
| 04-3710092 |
Lebanon Nominee LLC |
| Delaware |
| 11-3713519 |
Lebanon Nominee LP |
| Delaware |
| 11-3713536 |
Lewisburg Nominee LLC |
| Delaware |
| 04-3709918 |
Lewisburg Nominee LP |
| Delaware |
| 04-3709920 |
Lima Nominee LLC |
| Delaware |
| 04-3710046 |
Lima Nominee LP |
| Delaware |
| 04-3710056 |
Loyalsock Nominee LLC |
| Delaware |
| 11-3713515 |
Loyalsock Nominee LP |
| Delaware |
| 11-3713516 |
MAB Parent LLC |
| Delaware |
| 20-8697052 |
PSLT GP, LLC |
| Delaware |
| 57-1212440 |
PSLT OP, L.P. |
| Delaware |
| 02-0718666 |
PSLT-ALS Properties Holdings, LLC |
| Delaware |
| 20-1574771 |
3
PSLT-ALS Properties I, LLC |
| Delaware |
| 39-1912087 |
PSLT-BLC Properties Holdings, LLC |
| Delaware |
| 36-4103821 |
River Oaks Partners |
| Illinois |
| 36-3650842 |
Sagamore Hills Nominee LLC |
| Delaware |
| 11-3713532 |
Sagamore Hills Nominee LP |
| Delaware |
| 11-3713544 |
Saxonburg Nominee LLC |
| Delaware |
| 11-3713505 |
Saxonburg Nominee LP |
| Delaware |
| 11-3713508 |
Shippensburg Realty Holdings, LLC |
| Delaware |
| 20-5805090 |
South Beaver Realty Holdings, LLC |
| Delaware |
| 20-5804785 |
SZR Acquisitions, LLC |
| Delaware |
| 26-2073467 |
SZR Burlington Inc. |
| Ontario, Canada |
| 98-0537353 |
SZR Columbia, LLC |
| Delaware |
| 20-3665322 |
SZR Lincoln Park, LLC |
| Delaware |
| 20-2806723 |
SZR Markham Inc. |
| Ontario, Canada |
| 98-0537338 |
SZR Mississauga Inc. |
| Ontario, Canada |
| 98-0537336 |
SZR North Hills, LLC |
| Delaware |
| 20-2806787 |
SZR Norwood, LLC |
| Delaware |
| 20-3665607 |
SZR Oakville Inc. |
| Ontario, Canada |
| 98-0537335 |
SZR Richmond Hill Inc. |
| Ontario, Canada |
| 98-0537331 |
SZR Rockville LLC |
| Delaware |
| 20-3665424 |
SZR San Mateo LLC |
| Delaware |
| 20-3665548 |
SZR Scottsdale, LLC |
| Delaware |
| 36-4566118 |
SZR US Investments, Inc. |
| Delaware |
| 20-2806614 |
SZR US UPREIT Three, LLC |
| Delaware |
| 20-2999342 |
SZR Westlake Village LLC |
| Delaware |
| 20-2806904 |
SZR Willowbrook LLC |
| Delaware |
| 20-4276617 |
SZR Windsor Inc. |
| Ontario, Canada |
| 98-0537327 |
SZR Yorba Linda LLC |
| Delaware |
| 20-2806852 |
The Ponds of Pembroke Limited Partnership |
| Illinois |
| 36-3550345 |
United Rehab Realty Holding, LLC |
| Delaware |
| 20-2648755 |
Ventas Broadway MOB, LLC |
| Delaware |
| 20-8244885 |
Ventas Cal Sun LLC |
| Delaware |
| 20-3032284 |
Ventas Capital Corporation |
| Delaware |
| 35-2168770 |
Ventas Casper Holdings, LLC |
| Delaware |
| 20-8321312 |
Ventas Carroll MOB, LLC |
| Delaware |
| 26-3402470 |
Ventas Center MOB, LLC |
| Delaware |
| 26-2886722 |
Ventas DASCO MOB Holdings, LLC |
| Delaware |
| 26-3232393 |
Ventas Framingham, LLC |
| Delaware |
| 43-2068275 |
Ventas Grantor Trust #1 |
| Delaware |
| 36-7477196 |
Ventas Grantor Trust #2 |
| Delaware |
| 36-7477197 |
Ventas Healthcare Properties, Inc. |
| Delaware |
| 26-0055985 |
Ventas LP Realty, L.L.C. |
| Delaware |
| 52-2093507 |
Ventas MO Holdings, LLC |
| Delaware |
| 26-3180693 |
Ventas MOB Holdings, LLC |
| Delaware |
| 26-1306470 |
Ventas Nexcore Holdings, LLC |
| Delaware |
| 26-1306581 |
Ventas of Vancouver, Limited |
| Island of Jersey |
| 98-0537423 |
Ventas Provident, LLC |
| Delaware |
| 20-2954370 |
Ventas Realty, Limited Partnership |
| Delaware |
| 61-1324573 |
Ventas REIT US Holdings, Inc. |
| Delaware |
| 56-2487781 |
Ventas SSL Beacon Hill, Inc. |
| Ontario, Canada |
| 98-0537360 |
Ventas SSL Holdings, Inc. |
| Delaware |
| 20-8616327 |
Ventas SSL Holdings, LLC |
| Delaware |
| 20-8616338 |
Ventas SSL, Inc. |
| Delaware |
| 20-8616316 |
Ventas SSL Lynn Valley, Inc. |
| Ontario, Canada |
| 98-0537367 |
Ventas SSL Ontario II, Inc. |
| Ontario, Canada |
| 38-3755065 |
Ventas SSL Ontario III, Inc. |
| Ontario, Canada |
| 98-0530812 |
Ventas University MOB, LLC |
| Delaware |
| 26-0696900 |
Ventas SSL Vancouver, Inc. |
| Ontario, Canada |
| 98-0537357 |
4
Ventas Sun LLC |
| Delaware |
| 20-3032275 |
Ventas TRS, LLC |
| Delaware |
| 43-1981928 |
VSCRE Holdings, LLC |
| Delaware |
| 20-5340202 |
VTRLTH MAB I, LLC |
| Delaware |
| 20-5696034 |
VTRLTH MAB II, LLC |
| Delaware |
| 20-8244498 |
Xenia Nominee LLC |
| Delaware |
| 04-3710071 |
Xenia Nominee LP |
| Delaware |
| 04-3710078 |
5
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.
6
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 6th day of April, 2009.
|
| U.S. BANK NATIONAL ASSOCIATION | |
|
|
|
|
|
| By: | /s/ Robert T. Jones |
|
|
| Name: Robert T. Jones |
|
|
| Title: Vice President |
|
|
|
|
|
|
|
|
By: | /s/ William Sicking |
|
|
| William Sicking |
|
|
| Vice President |
|
|
7
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: April 6, 2009 |
| ||
|
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| |
|
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| |
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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 |
|
|
8
Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
A. As of 12/31/2008
($000’s)
|
| 12/31/2008 |
| |
Assets |
|
|
| |
Cash and Balances Due From Depository Institutions |
| $ | 8,077,564 |
|
Securities |
| 37,455,111 |
| |
Federal Funds |
| 3,290,350 |
| |
Loans & Lease Financing Receivables |
| 180,437,040 |
| |
Fixed Assets |
| 4,522,546 |
| |
Intangible Assets |
| 12,495,040 |
| |
Other Assets |
| 15,497,940 |
| |
Total Assets |
| $ | 261,775,591 |
|
Liabilities |
|
|
| |
Deposits |
| $ | 171,980,048 |
|
Fed Funds |
| 11,861,941 |
| |
Treasury Demand Notes |
| 0 |
| |
Trading Liabilities |
| 1,919,265 |
| |
Other Borrowed Money |
| 39,187,106 |
| |
Acceptances |
| 0 |
| |
Subordinated Notes and Debentures |
| 7,329,967 |
| |
Other Liabilities |
| 6,647,510 |
| |
Total Liabilities |
| $ | 238,925,837 |
|
Equity |
|
|
| |
Minority Interest in Subsidiaries |
| $ | 1,664,422 |
|
Common and Preferred Stock |
| 18,200 |
| |
Surplus |
| 12,597,620 |
| |
Undivided Profits |
| 8,569,512 |
| |
Total Equity Capital |
| $ | 22,849,754 |
|
Total Liabilities and Equity Capital |
| $ | 261,775,591 |
|
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 Jones |
|
|
|
|
| Vice President |
|
|
| |
Date: April 6, 2009 |
| |
9