Schedule of Omitted Meridian Lease Agreements
(all dated November 30, 1993)
In September 1998, the Company acquired a 99% limited partnership
interest in ET Sub-Meridian Limited Partnership, L.L.P., which holds leasehold
and purchase option rights to the seven skilled nursing facilities located in
Maryland and New Jersey. The Company's interest in ET Sub-Meridian Limited
Partnership, L.L.P. was previously accounted for under the equity method. At
that time the Company acquired its interest, ET Sub-Meridian subleased the
facilities to Meridian Healthcare, Inc., an affiliate of Genesis Health
Ventures, Inc., the Company's principal tenant, for an initial ten-year period
with a ten-year renewal exercisable by Meridian Healthcare. Genesis has
guaranteed the Meridian Healthcare subleases. On September 25, 2002, the Company
acquired Mr. McCreary's 1% general partner interest in ET Sub-Meridian. As
permitted under applicable SEC regulations, the Company has filed a copy of the
lease agreement for the Heritage Nursing Home and is also filing this schedule
identifying the omitted leases and setting forth the material details in which
such omitted leases differ from the copy of the Heritage Nursing Home lease
agreement that has been filed.
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Property Lessor Lessee Basic Annual Rent
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Corsica Hills Nursing Home, Corsica Hills Associates ET Sub-Meridian Limited $530,040 (for each Lease Year
Centreville, Maryland Limited Partnership Partnership, L.L.P., assignee of through 8/31/2007); $673,496
Meridian Healthcare, Inc. for final Lease Year
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Vorhees Nursing Home, Cherry Hill Meridian ET Sub-Meridian Limited $655,842 (for each Lease Year
Vorhees, New Jersey Limited Partnership Partnership, L.L.P., assignee of through 8/31/2007); $825,559
Meridian Healthcare, Inc. for final Lease Year
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Charlesmead Nursing Home, Charlesmead Associates ET Sub-Meridian Limited $490,732 (for each Lease Year
La Plata, Maryland Limited Partnership Partnership, L.L.P., assignee of through 8/31/2007); $617,722
Meridian Healthcare, Inc. for final Lease Year
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Multi-Medical Nursing Home, Multi-Medical Meridian ET Sub-Meridian Limited $205,238 (for each Lease Year
Towson, Maryland Limited Partnership Partnership, L.L.P., assignee of through 8/31/2007); $258,349
Meridian Healthcare, Inc. for final Lease Year
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Severna Park Nursing Home, Severna Associates ET Sub-Meridian Limited $691,790 (for each Lease Year
Severna Park, Maryland Limited Partnership Partnership, L.L.P., assignee of through 8/31/2007); $870,809
Meridian Healthcare, Inc. for final Lease Year
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Westfield Nursing Home, Westfield Meridian ET Sub-Meridian Limited $881,144 (for each Lease Year
Westfield, New Jersey Limited Partnership Partnership, L.L.P., assignee of through 8/31/2007); $1,109,164
Meridian Healthcare, Inc. for final Lease Year
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