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) [___]
COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
National Banking Association (Jurisdiction of incorporation or organization if not a U.S. national bank) | 04-3401714 (I.R.S. Employer Identification Number) |
150 Royall Street, Canton, MA (Address of principal executive offices) | 02021 (Zip Code) |
CARETRUST REIT, INC.
(Exact name of obligor as specified in its charter)
See Table of Co-Registrants
Maryland (State or other jurisdiction of incorporation or organization) | 46-3999490 (I.R.S. Employer Identification Number) |
905 Calle Amanecer, Suite 300 San Clemente, California (Address of principal executive offices) | 92673 (Zip Code) |
Debt Securities
(Title of the indenture securities)
TABLE OF CO-REGISTRANTS
Exact Name of Co-Registrant as Specified in Its Charter | Primary Standard Industrial Classification Number | State or Other Jurisdiction of Incorporation or Organization | I.R.S. Employer Identification No. |
160 North Patterson Avenue, LLC | 6798 | California | Not Applicable |
CTR Partnership, L.P. | 6798 | Delaware | 46-5636558 |
CareTrust Capital Corp. | 6798 | Delaware | 46-5636618 |
CareTrust GP, LLC | 6798 | Delaware | 46-5636457 |
CTR Arvada Preferred, LLC | 6798 | Delaware | 81-2777797 |
CTR Cascadia Preferred, LLC | 6798 | Delaware | 81-0823675 |
Gulf Coast Buyer 1 LLC | 6798 | Delaware | 83-3911673 |
18th Place Health Holdings LLC | 6798 | Nevada | 45-3822627 |
49th Street Health Holdings LLC | 6798 | Nevada | 46-2101376 |
4th Street Holdings LLC | 6798 | Nevada | 45-2326120 |
51st Avenue Health Holdings LLC | 6798 | Nevada | 46-0888200 |
Anson Health Holdings LLC | 6798 | Nevada | 26-3565487 |
Arapahoe Health Holdings LLC | 6798 | Nevada | 26-4107101 |
Arrow Tree Health Holdings LLC | 6798 | Nevada | 04-3776515 |
Avenue N Holdings LLC | 6798 | Nevada | 71-1009792 |
Big Sioux River Health Holdings LLC | 6798 | Nevada | 45-2377887 |
Boardwalk Health Holdings LLC | 6798 | Nevada | 45-4392752 |
Bogardus Health Holdings LLC | 6798 | Nevada | 45-2499703 |
Burley Healthcare Holdings LLC | 6798 | Nevada | 27-1220856 |
Casa Linda Retirement LLC | 6798 | Nevada | 45-0642596 |
Cedar Avenue Holdings LLC | 6798 | Nevada | 32-0124970 |
Cherry Health Holdings LLC | 6798 | Nevada | 65-1283277 |
CM Health Holdings LLC | 6798 | Nevada | 33-1127462 |
Cottonwood Health Holdings LLC | 6798 | Nevada | 76-0843187 |
Dallas Independence LLC | 6798 | Nevada | 46-5674733 |
Dixie Health Holdings LLC | 6798 | Nevada | 45-2101850 |
Emmett Healthcare Holdings LLC | 6798 | Nevada | 27-1220874 |
Ensign Bellflower LLC | 6798 | Nevada | 33-0928665 |
Ensign Highland LLC | 6798 | Nevada | 33-0916185 |
Ensign Southland LLC | 6798 | Nevada | 94-3367213 |
Everglades Health Holdings LLC | 6798 | Nevada | 27-4222148 |
Expo Park Health Holdings LLC | 6798 | Nevada | 27-3239927 |
Expressway Health Holdings LLC | 6798 | Nevada | 27-1141971 |
Falls City Health Holdings LLC | 6798 | Nevada | 45-2319306 |
Fifth East Holdings LLC | 6798 | Nevada | 27-1531128 |
Fig Street Health Holdings LLC | 6798 | Nevada | 46-0606430 |
Flamingo Health Holdings LLC | 6798 | Nevada | 45-0611649 |
Fort Street Health Holdings LLC | 6798 | Nevada | 20-0311975 |
Gazebo Park Health Holdings LLC | 6798 | Nevada | 45-2377777 |
Gillette Park Health Holdings LLC | 6798 | Nevada | 45-2326015 |
Golfview Holdings LLC | 6798 | Nevada | 71-1009793 |
Granada Investments LLC | 6798 | Nevada | 81-0676869 |
Guadalupe Health Holdings LLC | 6798 | Nevada | 46-0859004 |
Hillendahl Health Holdings LLC | 6798 | Nevada | 26-4324415 |
Hillview Health Holdings LLC | 6798 | Nevada | 45-0642920 |
Irving Health Holdings LLC | 6798 | Nevada | 45-2318905 |
Ives Health Holdings LLC | 6798 | Nevada | 45-4073038 |
Jefferson Ralston Holdings LLC | 6798 | Nevada | 26-3853746 |
Jordan Health Properties LLC | 6798 | Nevada | 27-0812055 |
| Exact Name of Co-Registrant as Specified in Its Charter | Primary Standard Industrial Classification Number | State or Other Jurisdiction of Incorporation or Organization | I.R.S. Employer Identification No. |
Josey Ranch Healthcare Holdings LLC | 6798 | Nevada | 27-1874671 |
Kings Court Health Holdings LLC | 6798 | Nevada | 46-1300173 |
Lafayette Health Holdings LLC | 6798 | Nevada | 26-3853842 |
Lemon River Holdings LLC | 6798 | Nevada | 26-3897134 |
Lockwood Health Holdings LLC | 6798 | Nevada | 42-2581084 |
Long Beach Health Associates LLC | 6798 | Nevada | 56-2478495 |
Lowell Health Holdings LLC | 6798 | Nevada | 26-3853663 |
Lowell Lake Health Holdings LLC | 6798 | Nevada | 45-5471789 |
Lufkin Health Holdings LLC | 6798 | Nevada | 26-3800438 |
Meadowbrook Health Associates LLC | 6798 | Nevada | 04-3776511 |
Memorial Health Holdings LLC | 6798 | Nevada | 45-3542053 |
Mesquite Health Holdings LLC | 6798 | Nevada | 20-8422739 |
Mission CCRC LLC | 6798 | Nevada | 27-4177579 |
Moenium Holdings LLC | 6798 | Nevada | 68-0538213 |
Mountainview Communitycare LLC | 6798 | Nevada | 04-3601110 |
Northshore Healthcare Holdings LLC | 6798 | Nevada | 27-1931016 |
Oleson Park Health Holdings LLC | 6798 | Nevada | 45-2378176 |
Orem Health Holdings LLC | 6798 | Nevada | 45-3822605 |
Paredes Health Holdings LLC | 6798 | Nevada | 27-1141933 |
Plaza Health Holdings LLC | 6798 | Nevada | 37-1495381 |
Polk Health Holdings LLC | 6798 | Nevada | 14-1957383 |
Prairie Health Holdings LLC | 6798 | Nevada | 45-2187648 |
Price Health Holdings LLC | 6798 | Nevada | 27-0812085 |
Queen City Health Holdings LLC | 6798 | Nevada | 46-1798242 |
Queensway Health Holdings LLC | 6798 | Nevada | 46-0597434 |
RB Heights Health Holdings LLC | 6798 | Nevada | 26-0242020 |
Regal Road Health Holdings LLC | 6798 | Nevada | 26-0242058 |
Renee Avenue Health Holdings LLC | 6798 | Nevada | 45-4050216 |
Rillito Holdings LLC | 6798 | Nevada | 57-1159647 |
Rio Grande Health Holdings LLC | 6798 | Nevada | 27-1142000 |
Salmon River Health Holdings LLC | 6798 | Nevada | 45-5466483 |
Salt Lake Independence LLC | 6798 | Nevada | 46-5682444 |
San Corrine Health Holdings LLC | 6798 | Nevada | 26-3568846 |
Saratoga Health Holdings LLC | 6798 | Nevada | 46-2578375 |
Silver Lake Health Holdings LLC | 6798 | Nevada | 27-0812074 |
Silverada Health Holdings LLC | 6798 | Nevada | 90-0763351 |
Sky Holdings AZ LLC | 6798 | Nevada | 03-0392059 |
Snohomish Health Holdings LLC | 6798 | Nevada | 74-3167531 |
South Dora Health Holdings LLC | 6798 | Nevada | 45-2499727 |
Stillhouse Health Holdings LLC | 6798 | Nevada | 45-5071226 |
Temple Health Holdings LLC | 6798 | Nevada | 26-3568897 |
Tenth East Holdings LLC | 6798 | Nevada | 71-1009788 |
Terrace Holdings AZ LLC | 6798 | Nevada | 01-0605624 |
Trinity Mill Holdings LLC | 6798 | Nevada | 02-0791845 |
Trousdale Health Holdings LLC | 6798 | Nevada | 26-0242158 |
Tulalip Bay Health Holdings LLC | 6798 | Nevada | 46-2578461 |
Valley Health Holdings LLC | 6798 | Nevada | 68-0588159 |
Verde Villa Holdings LLC | 6798 | Nevada | 20-8423288 |
Wayne Health Holdings LLC | 6798 | Nevada | 45-2325884 |
Willits Health Holdings LLC | 6798 | Nevada | 26-3568764 |
Willows Health Holdings LLC | 6798 | Nevada | 46-2100785 |
Wisteria Health Holdings LLC | 6798 | Nevada | 27-4019408 |
The address, including zip code, of each Co-Registrant’s principal executive office is 905 Calle Amanecer, Suite 300, San Clemente, California 92673.
| 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
340 Madison Avenue, 4th Floor
New York, NY 10017-2613
| (b) | Whether it is authorized to exercise corporate trust powers. |
The trustee is authorized to exercise corporate trust powers.
| Item 2. | Affiliations with the obligor. If the obligor is an affiliate of the trustee, describe such affiliation. |
None.
| Item 16. | List of exhibits. List below all exhibits filed as a part of this statement of eligibility. |
1. A copy of the articles of association of the trustee. (See Exhibit 1 to Form T-1 filed with Registration Statement No. 333-200089).
2. A copy of the certificate of authority of the trustee to commence business. (See Exhibit 2 to Form T-1 filed with Registration Statement No. 333-200089).
3. A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Computershare Trust Company, National Association (See Exhibit 3 to Form T-1 filed with Registration Statement No. 333-261843).
4. A copy of the existing bylaws of the trustee, as now in effect. (See Exhibit 4 to Form T-1 filed with Registration Statement No. 333-200089).
6. The consent of the Trustee required by Section 321(b) of the Act. (See Exhibit 6 to Form T-1 filed with Registration Statement No. 333-261843).
7. A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, Computershare Trust Company, National Association, a national banking association, organized and existing under the laws of the United States, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, and State of California, on the 31st day of January, 2023.
COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION | ||
By: | /s/ Michael Tu | |
Name: Michael Tu | ||
Title: Vice President | ||
EXHIBIT 7
Consolidated Report of Condition of
COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION
150 Royall Street, Canton, MA 02021
at the close of business June 30, 2022.
| ASSETS | Dollar Amounts In Thousands | |||
| Cash and balances due from depository institutions: | ||||
| Noninterest‑bearing balances and currency and coin | -0- | |||
| Interest‑bearing balances | -0- | |||
| Securities: | ||||
| Held-to-maturity securities | -0- | |||
| Available-for-sale securities | 288,298 | |||
| Federal funds sold and securities purchased under agreements to resell: | ||||
| Federal funds sold in domestic offices | -0- | |||
| Securities purchased under agreements to resell | -0- | |||
| Loans and lease financing receivables: | ||||
| Loans and leases held for sale | -0- | |||
| Loans and leases, net of unearned income | -0- | |||
| LESS: Allowance for loan and lease losses | -0- | |||
| Loans and leases, net of unearned income and allowance | -0- | |||
| Trading assets | -0- | |||
| Premises and fixed assets (including capitalized leases) | 23,841 | |||
| Other real estate owned | -0- | |||
| Investments in unconsolidated subsidiaries and associated companies | -0- | |||
| Direct and indirect investments in real estate ventures | -0- | |||
| Intangible assets: | ||||
| Goodwill | 134,625 | |||
| Other intangible assets | 562,813 | |||
| Other assets | 102,054 | |||
| Total assets | 1,111,631 | |||
| LIABILITIES | ||||
| Deposits: | ||||
| In domestic offices | -0- | |||
| Noninterest‑bearing | -0- | |||
| Interest‑bearing | -0- | |||
| Federal funds purchased and securities sold under agreements to repurchase: | ||||
| Federal funds purchased in domestic offices | -0- | |||
| Securities sold under agreements to repurchase | -0- | |||
| Trading liabilities | -0- | |||
Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases) | -0- | |||
| Not applicable | ||||
| Not applicable | ||||
| Subordinated notes and debentures | -0- | |||
| Other liabilities | 180,273 | |||
| Total liabilities | 180,273 | |||
| EQUITY CAPITAL | ||||
| Perpetual preferred stock and related surplus | 0 | |||
| Common stock | 500 | |||
| Surplus (exclude all surplus related to preferred stock) | 827,224 | |||
| Retained earnings | 103,633 | |||
| Accumulated other comprehensive income | -0- | |||
| Other equity capital components | -0- | |||
| Total bank equity capital | 931,358 | |||
| Noncontrolling (minority) interests in consolidated subsidiaries | -0- | |||
| Total equity capital | 931,358 | |||
| Total liabilities and equity capital | 1,111,631 | |||
I, Robert G. Marshall, Assistant Controller of the above named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
Robert G. Marshall
Assistant Controller