EX-25.2 80 a2161414zex-25_2.htm EXHIBIT 25.2

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)   

 

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)

 

Delaware

 

61-1055020
35-2168770
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)

 

7 1/8% Senior Notes due 2015

(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 7 1/8% Senior Notes due 2015 of Ventas Capital Corporation a7 1/8% Senior Notes due 2015 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
jurisdiction of
incorporation or
organization

 

I.R.S. Employer
Identification
Number

 

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

 

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

 

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

 

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

 

 

2


 

Name

 

State or other
jurisdiction of
incorporation or
organization

 

I.R.S. Employer
Identification
Number

 

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 
Number

 

 

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 March 31, 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.

 

4


 

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 5th  day of August, 2005.

 

 

 

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

 

 

5


 

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:  August 5, 2005

 

 

 

U.S. BANK NATIONAL ASSOCIATION

 

 

 

 

 

 

 

 

 

By:

/s/ Robert T. Jones

 

 

 

Robert T. Jones

 

 

 

Vice President

 

 

 

By:

/s/ William Sicking

 

 

William Sicking

 

 

Vice President

 

 

6


 

Exhibit 7

 

U.S. Bank National Association

Statement of Financial Condition

As of 3/31/2005

 

($000’s)

 

 

 

3/31/2005

 

 

 

 

 

Assets

 

 

 

Cash and Due From Depository Institutions

 

$

8,894,661

 

Federal Reserve Stock

 

0

 

Securities

 

42,846,194

 

Federal Funds

 

2,861,316

 

Loans & Lease Financing Receivables

 

125,284,459

 

Fixed Assets

 

1,780,370

 

Intangible Assets

 

10,263,150

 

Other Assets

 

8,917,028

 

Total Assets

 

$

197,847,178

 

 

 

 

 

Liabilities

 

 

 

Deposits

 

$

126,268,324

 

Fed Funds

 

10,290,860

 

Treasury Demand Notes

 

0

 

Trading Liabilities

 

144,277

 

Other Borrowed Money

 

27,701,315

 

Acceptances

 

91,307

 

Subordinated Notes and Debentures

 

6,814,193

 

Other Liabilities

 

6,028,535

 

Total Liabilities

 

$

177,338,811

 

 

 

 

 

Equity

 

 

 

Minority Interest in Subsidiaries

 

$

1,022,821

 

Common and Preferred Stock

 

18,200

 

Surplus

 

11,792,288

 

Undivided Profits

 

7,675,058

 

Total Equity Capital

 

$

20,508,367

 

 

 

 

 

Total Liabilities and Equity Capital

 

$

197,847,178

 

 

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:  August 5, 2005

 

7