EX-25.1 4 a2192167zex-25_1.htm EXHIBIT 25.1

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)  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
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.)

 

111 S. Wacker Drive, Suite 4800
Chicago, Illinois

 

60606

(Address of principal executive offices)

 

(Zip Code)

 

Senior 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 senior debt securities of Ventas, Inc. and on the senior debt securities of Ventas Capital Corporation and Ventas Realty, Limited Partnership.  Ventas, Inc. may also provide guarantees of payments on the senior debt securities of Ventas Capital Corporation and Ventas Realty, Limited Partnership.  Ventas Realty, Limited Partnership may also provide guarantees of payments on the senior 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
jurisdiction of
incorporation or
organization 

 

IRS Employer
Identification
Number 

 

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

 

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

 

 

2


 

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

 

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

 

 

3


 

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

 

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

 

 

4


 

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 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.

 

5


 

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

 

 

 

6


 

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

 

 

 

 

 

 

 

 

 

U.S. BANK NATIONAL ASSOCIATION

 

 

 

 

By:

/s/ Robert T. Jones

 

 

Robert T. Jones

 

 

 

 

 

Vice President

 

 

 

 

 

 

By:

/s/ William Sicking

 

 

 

 

William Sicking

 

 

 

 

 

 

 

 

 

Vice President

 

 

 

 

7


 

Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

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

 

 

8