Master Lease Sample Contracts

MGM Growth Properties Operating Partnership LP – Fourth Amendment to Master Lease (March 8th, 2019)
Gaming & Leisure Properties, Inc. – Seventh Amendment to Master Lease (February 13th, 2019)

THIS SEVENTH AMENDMENT TO MASTER LEASE (this "Amendment") is being entered into on this 31st day of October, 2018 (the "Effective Date"), by and between Landlord and Tenant, as more fully set forth herein, and shall amend that certain Master Lease, dated November 1, 2013, as amended to the date hereof (collectively, the "Master Lease"), by and among GLP Capital, L.P. (together with its permitted successors and assigns, "Landlord") and Penn Tenant, LLC (together with its permitted successors and assigns, "Tenant"), pursuant to which Tenant leases certain Leased Property, as further defined in the Master Lease (the "Existing Leased Property"). Landlord and Tenant each desire to remove certain portions of the Existing Leased Property as identified and defined in Annex A attached hereto and incorporated herein (the "Removed Leased Property") from the terms, covenants and conditions of the Master Lease. Capitalized terms used herein and not otherwise defined herein shall have the meaning

Gaming & Leisure Properties, Inc. – Eighth Amendment to Master Lease (February 13th, 2019)

THIS EIGHTH AMENDMENT TO MASTER LEASE (this "Amendment") is being entered into as of the 20th day of November, 2018 (the "Effective Date"), by and between Landlord and Tenant, as more fully set forth herein, and shall amend that certain Master Lease, dated November 1, 2013, as amended to the date hereof (collectively, the "Master Lease"), by and among GLP Capital, L.P. (together with its permitted successors and assigns, "Landlord") and Penn Tenant, LLC (together with its permitted successors and assigns, "Tenant"), pursuant to which Tenant leases certain Leased Property, as further defined in the Master Lease (the "Existing Leased Property"). Landlord and Tenant each desire to remove certain portions of the Existing Leased Property as identified and defined in Annex A attached hereto and incorporated herein (the "Removed Leased Property") from the terms, covenants and conditions of the Master Lease. Capitalized terms used herein and not otherwise defined herein shall have the meanin

MGM Growth Properties Operating Partnership LP – Third Amendment to Master Lease (January 29th, 2019)
Griffin-American Healthcare REIT IV, Inc. – Master Lease (January 4th, 2019)

THIS MASTER LEASE (the "Lease") is made as of the 28th day of December, 2018, (the "Effective Date") between GAHC4 LANSING MI ALF, LLC ("Edgewood Landlord"), GAHC4 HOLLAND MI AFL, LLC ("Holland Meadows Landlord"), GAHC4 HOWELL MI ALF, LLC ("Howell Landlord"), GAHC4 RIVERSIDE GRAND RAPIDS MI ALF, LLC ("Riverside Gardens Landlord"), and GAHC4 WYOMING MI ALF, LLC ("Wyoming Landlord") (each a Delaware limited liability company, individually and collectively, "Landlord"), and VISTA MICHIGAN OPERATIONS LLC, a Michigan limited liability company ("Tenant").

Griffin-American Healthcare REIT IV, Inc. – Master Lease Between (December 11th, 2018)

THIS MASTER LEASE (the "Lease") is made as of the 28th day of September, 2018, (the "Effective Date") by and among GAHC4 Kansas City MO SNF, LLC ("Bridgewood Landlord"), GAHC4 Salisbury MO SNF, LLC ("Chariton Park Landlord"), GAHC4 Florissant MO SNF, LLC ("Crestwood Landlord"), GAHC4 Sedalia MO SNF, LLC ("Four Seasons Landlord"), GAHC4 Milan MO SNF, LLC ("Milan Landlord"), GAHC4 Trenton MO SNF, LLC ("Eastview Landlord"), GAHC4 Moberly MO SNF, LLC ("North Village Landlord") and GAHC4 St. Elizabeth MO SNF, LLC ("St. Elizabeth Landlord" and collectively, "Landlord"), each a Delaware limited liability company, and RC TIER Properties, L.L.C. ("Tenant").

Ardent Health Partners, LLC – Fourth Amendment to Master Lease and Guaranty of Master Lease (December 4th, 2018)
Ardent Health Partners, LLC – Master Lease (December 4th, 2018)
Ardent Health Partners, LLC – Second Amendment to Master Lease and Guaranty of Master Lease (December 4th, 2018)
Ardent Health Partners, LLC – Third Amendment to Master Lease (December 4th, 2018)
Advocat, Inc. – MASTER LEASE (OHI - Diversicare) the Entities Identified as "Landlord" on Schedule 1 to This Lease, as Landlord AND the Entities Identified as "Tenant" on Schedule 2 to This Lease, as Tenant DATED: October 1, 2018 (November 1st, 2018)

THIS MASTER LEASE ("Lease") is executed and delivered as of this 1st day of October, 2018, and is entered into by (i) the entities listed on Schedule 1 to this Lease (collectively, "Landlord"), the address of which is 303 International Circle, Suite 200, Hunt Valley, Maryland 21030, and (ii) the entities listed on Schedule 2 to this Lease, the address of which is 277 Mallory Station Road, Suite 130, Franklin, Tennessee 37067 (collectively, "Tenant").

Ardent Health Partners, LLC – Second Amendment to Master Lease and Guaranty of Master Lease (October 26th, 2018)
Ardent Health Partners, LLC – Master Lease (October 26th, 2018)
Ardent Health Partners, LLC – Fourth Amendment to Master Lease and Guaranty of Master Lease (October 26th, 2018)
Ardent Health Partners, LLC – Third Amendment to Master Lease (October 26th, 2018)
Gaming & Leisure Properties, Inc. – Fourth Amendment to Master Lease (October 16th, 2018)
Gaming & Leisure Properties, Inc. – Master Lease (October 16th, 2018)
Fourth Amendment to Master Lease (October 15th, 2018)

THIS FOURTH AMENDMENT TO MASTER LEASE (this Amendment) is made and effective as of October 15, 2018 (the Fourth Amendment Effective Date), by and between GOLD MERGER SUB, LLC, a Delaware limited liability company, having an office at c/o Gaming and Leisure Properties, Inc., 845 Berkshire Blvd., Suite 200, Wyomissing, Pennsylvania 19610, as landlord (together with its permitted successors and assigns, Landlord), and PINNACLE MLS, LLC, a Delaware limited liability company, having an office at 3980 Howard Hughes Parkway, Las Vegas, Nevada 89169, as tenant (together with its permitted successors and assigns, Tenant).

Eldorado Resorts, Inc. – Master Lease (October 1st, 2018)
Gaming & Leisure Properties, Inc. – Master Lease (October 1st, 2018)
Gaming & Leisure Properties, Inc. – Fifth Amendment to Master Lease (August 1st, 2018)

THIS FIFTH AMENDMENT TO MASTER LEASE (this "Amendment") is being entered into on this 19th day of June, 2018 (the "Effective Date"), by and between Landlord and Tenant, as more fully set forth herein, and shall amend that certain Master Lease, dated November 1, 2013, as amended to the date hereof (collectively, the "Master Lease"), by and among GLP Capital, L.P. (together with its permitted successors and assigns, "Landlord") and Penn Tenant, LLC (together with its permitted successors and assigns, "Tenant"), pursuant to which Tenant leases certain Leased Property, as further defined in the Master Lease (the "Existing Leased Property"). Landlord and Tenant each desire to remove certain portions of the Existing Leased Property as identified and defined in Annex A attached hereto and incorporated herein (the "Removed Leased Property") from the terms, covenants and conditions of the Master Lease. Capitalized terms used herein and not otherwise defined herein shall have the meaning ascri

Fifth Amendment to Master Lease (August 1st, 2018)

THIS FIFTH AMENDMENT TO MASTER LEASE (this "Amendment") is being entered into on this 19th day of June, 2018 (the "Effective Date"), by and between Landlord and Tenant, as more fully set forth herein, and shall amend that certain Master Lease, dated November 1, 2013, as amended to the date hereof (collectively, the "Master Lease"), by and among GLP Capital, L.P. (together with its permitted successors and assigns, "Landlord") and Penn Tenant, LLC (together with its permitted successors and assigns, "Tenant"), pursuant to which Tenant leases certain Leased Property, as further defined in the Master Lease (the "Existing Leased Property"). Landlord and Tenant each desire to remove certain portions of the Existing Leased Property as identified and defined in Annex A attached hereto and incorporated herein (the "Removed Leased Property") from the terms, covenants and conditions of the Master Lease. Capitalized terms used herein and not otherwise defined herein shall have the meaning ascr

Spirit MTA REIT – AMENDED AND RESTATED MASTER LEASE Between SPIRIT SPE PORTFOLIO 2006-1, LLC and SPIRIT SPE PORTFOLIO 2006-2, LLC, Landlord, and SHOPKO STORES OPERATING CO., LLC, Tenant, Dated: December 15, 2014 (April 13th, 2018)

THIS AMENDED AND RESTATED MASTER LEASE (hereinafter, this Lease) is made and entered into as of the 15th day of December, 2014 (the Effective Date), by and between SPIRIT SPE PORTFOLIO 2006-1, LLC and SPIRIT SPE PORTFOLIO 2006-2, LLC, each a Delaware limited liability company (hereinafter, collectively, Landlord), and SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability company (hereinafter Tenant).

Fourth Amendment to Master Lease (November 8th, 2017)

THIS FOURTH AMENDMENT TO MASTER LEASE (this "Fourth Amendment") is entered into as of November 2, 2017 (the "Fourth Amendment Date"), by and between the entities listed as "Tenant" on the signature pages attached hereto (each referred to herein individually and collectively as "Tenant"), the entities and individuals listed as "Guarantor" on the signature pages attached hereto (each referred to herein individually and collectively as "Guarantor"), and CTR PARTNERSHIP, L.P., a Delaware limited partnership ("Landlord").

Advocat, Inc. – BINDING TERM SHEET FOR LEASE FOR CONSOLIDATED MASTER LEASE AND AMENDMENT TO AVIV LEASES DIVERSICARE September 25, 2017 (November 2nd, 2017)

Lessor and Lessee hereby agree to enter into a new long term master lease consolidating the lease of the Facilities (as defined below) currently covered by separate existing leases between Lessee and Lessor (referred to herein as the "Omega Master Lease" and the "Aviv Leases" and collectively as the "Existing Leases"). This Term Sheet sets out certain basic elements of the transaction the parties agree the new Master Lease (as defined below) and other transaction documents will contain and, if accepted, will serve as the foundation for the preparation of the definitive and final new Master Lease and other transaction documents, which will be expeditiously and in good faith negotiated and mutually agreed upon by the parties. The remaining elements of the new Master Lease and other transaction documents will be consistent with the terms and provisions of the existing Omega Master Lease and other transaction documents, revised and updated as reasonable, appropriate or necessary to refle

MGM Growth Properties Operating Partnership LP – Second Amendment to Master Lease (October 6th, 2017)

This SECOND AMENDMENT TO MASTER LEASE (this Amendment) is entered into as of October 5, 2017 (the Effective Date), by and between MGP Lessor, LLC, a Delaware limited liability company (together with its permitted successors and assigns, Landlord), and MGM Lessee, LLC, a Delaware limited liability company (together with its permitted successors and assigns, Tenant). Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings set forth in the Master Lease (as hereinafter defined).

Master Lease (September 22nd, 2017)

THIS MASTER LEASE (this "Lease") is made as of July 21, 2000 (the "Effective Date"), by and between COUNTRY STORES PROPERTY III, LLC, a Delaware limited liability company ("Lessor"), whose address is c/o U.S. Realty Advisors, LLC, 1370 Avenue of the Americas, New York, New York 10019, and CRACKER BARREL OLD COUNTRY STORE, INC., a Tennessee corporation ("Lessee"), whose address is P.O. Box 787, 305 Hartmann Drive, Lebanon, Tennessee 37088-0787.

Master Lease (September 22nd, 2017)

THIS MASTER LEASE (this "Lease") is made as of July 21, 2000 (the "Effective Date"), by and between COUNTRY STORES PROPERTY I, LLC, a Delaware limited liability company ("Lessor"), whose address is c/o U.S. Realty Advisors, LLC, 1370 Avenue of the Americas, New York, New York 10019, and CRACKER BARREL OLD COUNTRY STORE, INC., a Tennessee corporation ("Lessee"), whose address is P.O. Box 787, 305 Hartmann Drive, Lebanon, Tennessee 37088-0787.

Master Lease (September 22nd, 2017)

THIS MASTER LEASE (this "Lease") is made as of July 21, 2000 (the "Effective Date"), by and between COUNTRY STORES PROPERTY II, LLC, a Delaware limited liability company ("Lessor"), whose address is c/o U.S. Realty Advisors, LLC, 1370 Avenue of the Americas, New York, New York 10019, and CRACKER BARREL OLD COUNTRY STORE, INC., a Tennessee corporation ("Lessee"), whose address is P.O. Box 787, 305 Hartmann Drive, Lebanon, Tennessee 37088-0787.

AAC Holdings, Inc. – Master Lease (August 10th, 2017)

THIS MASTER LEASE is dated as of August 9, 2017 (the Commencement Date) and is by and among MRT of NevadaATF, LLC, a Delaware limited liability (MRT Las Vegas), MRT of TexasATF, LLC, a Delaware limited liability company (MRT Arlington; and, together with MRT Las Vegas, as their interests may appear, Landlord), Concorde Real Estate, LLC, a Nevada limited liability company (Concorde), BHR Greenhouse Real Estate, LLC, a Texas limited liability company (Greenhouse), AAC Las Vegas Outpatient Center, LLC, a Delaware limited liability company (LVOP), and AAC Dallas Outpatient Center, LLC, a Delaware limited liability company (DOP, collectively with Concorde, Greenhouse and LVOP, the Tenant). Landlord and Tenant are collectively referred to herein as the Parties and individually as a Party.

MedEquities Realty Trust, Inc. – Amended and Restated Master Lease (August 8th, 2017)

THIS AMENDED AND RESTATED MASTER LEASE is dated as of April 27, 2017 (the "Restatement Date") and is by and among MRT of Las Vegas NV - ACH, LLC, a Delaware limited liability ("MRT Las Vegas-ACH"), MRT of Las Vegas NV - LTACH, LLC, a Delaware limited liability company ("MRT Las Vegas-LTACH"), MRT of Fort Worth TX - SNF, LLC, a Delaware limited liability company ("MRT Fort Worth-SNF"), MRT of Spartanburg SC - SNF, LLC, a Delaware limited liability company ("MRT Spartanburg-SNF"; and, together with MRT Las Vegas-ACH, MRT Las Vegas-LTACH, and MRT Fort Worth-SNF, as their interests may appear, "Landlord"), Nashville Leasehold Interests, LLC, a Delaware limited liability company ("Tenant"), Vegas Hospital Care, LLC, a Delaware limited liability company ("Mountain's Edge Operator"), THI of Nevada II at Desert Lane, LLC, a Delaware limited liability company ("Horizon Henderson Operator"), Bryant Irvin Consulting, LLC, a Delaware limited liability company ("Mira Vista Operator"), and THI of So

PNK Entertainment, Inc. – Third Amendment to Master Lease (May 11th, 2017)

THIS THIRD AMENDMENT TO MASTER LEASE (this Amendment) is made and effective as of March 24, 2017 (the Effective Date), by and between GOLD MERGER SUB, LLC, a Delaware limited liability company, having an office at c/o Gaming and Leisure Properties, Inc., 845 Berkshire Blvd., Suite 200, Wyomissing, Pennsylvania 19610, as landlord (together with its permitted successors and assigns, Landlord), and PINNACLE MLS, LLC, a Delaware limited liability company, having an office at 3980 Howard Hughes Parkway, Las Vegas, Nevada 89169, as tenant (together with its permitted successors and assigns, Tenant).

Gaming & Leisure Properties, Inc. – Third Amendment to Master Lease (May 3rd, 2017)

THIS THIRD AMENDMENT TO MASTER LEASE (this "Amendment") is made and effective as of March 24, 2017 (the "Effective Date"), by and between GOLD MERGER SUB, LLC, a Delaware limited liability company, having an office at c/o Gaming and Leisure Properties, Inc., 845 Berkshire Blvd., Suite 200, Wyomissing, Pennsylvania 19610, as landlord (together with its permitted successors and assigns, "Landlord"), and PINNACLE MLS, LLC, a Delaware limited liability company, having an office at 3980 Howard Hughes Parkway, Las Vegas, Nevada 89169, as tenant (together with its permitted successors and assigns, "Tenant").

Fourth Amendment to Master Lease (May 3rd, 2017)

THIS FOURTH AMENDMENT TO MASTER LEASE (this "Amendment") is being entered into on this 1st day of May, 2017 (the "Effective Date"), by and between Landlord and Tenant, as more fully set forth herein, and shall amend that certain Master Lease, dated November 1, 2013, as amended by that certain First Amendment to Master Lease, dated March 5, 2014, as further amended by that certain Second Amendment to Master Lease and First Amendment to Access Agreement, dated April 18, 2014, and as further amended by that certain Third Amendment to Master Lease, dated September 20, 2016 (collectively, the "Master Lease"), by and among GLP Capital, L.P. (together with its permitted successors and assigns, "Landlord") and Penn Tenant, LLC (together with its permitted successors and assigns, "Tenant"), pursuant to which Tenant leases certain Leased Property, as further defined in the Master Lease (the "Existing Leased Property"). Landlord and Tenant each desire to add two (2) additional Facilities, as fu

Gaming & Leisure Properties, Inc. – Fourth Amendment to Master Lease (May 3rd, 2017)

THIS FOURTH AMENDMENT TO MASTER LEASE (this "Amendment") is being entered into on this 1st day of May, 2017 (the "Effective Date"), by and between Landlord and Tenant, as more fully set forth herein, and shall amend that certain Master Lease, dated November 1, 2013, as amended by that certain First Amendment to Master Lease, dated March 5, 2014, as further amended by that certain Second Amendment to Master Lease and First Amendment to Access Agreement, dated April 18, 2014, and as further amended by that certain Third Amendment to Master Lease, dated September 20, 2016 (collectively, the "Master Lease"), by and among GLP Capital, L.P. (together with its permitted successors and assigns, "Landlord") and Penn Tenant, LLC (together with its permitted successors and assigns, "Tenant"), pursuant to which Tenant leases certain Leased Property, as further defined in the Master Lease (the "Existing Leased Property"). Landlord and Tenant each desire to add two (2) additional Facilities, as fu