Master Lease Sample Contracts

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SECOND AMENDMENT TO AMENDED AND RESTATED MASTER LEASE
Master Lease • May 1st, 2023 • MGM Resorts International • Hotels & motels • New York

This AMENDED AND RESTATED MASTER LEASE (the “Master Lease”) is entered into as of the 29th day of April, 2022 (the “Commencement 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”).

MASTER LEASE BETWEEN
Master Lease • August 10th, 2005 • Brookdale Senior Living Inc.
THIRD AMENDMENT TO MASTER LEASE
Master Lease • May 11th, 2017 • Pinnacle Entertainment, Inc. • Hotels & motels • New York

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”).

MASTER LEASE
Master Lease • September 22nd, 2017 • Cracker Barrel Old Country Store, Inc • Retail-eating places • New York

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
Master Lease • October 1st, 2019 • Ensign Group, Inc • Services-skilled nursing care facilities • New York

THIS MASTER LEASE (this “Lease”) is entered into as of September 23, 2019, by and among each of the entities identified on Schedule 1 (collectively, “Landlord”), and each of the entities identified as “Tenant” on Schedule 2 (individually and collectively, “Tenant”). Notwithstanding anything in this Lease to the contrary, Landlord and Tenant hereby agree that this Lease shall not be effective until October 1, 2019.

BACKGROUND ----------
Master Lease • August 4th, 2000 • Cone Mills Corp • Broadwoven fabric mills, cotton • North Carolina
MASTER LEASE by and between DOC-FSH SAN ANTONIO HOSPITAL, LLC, as Landlord and FOUNDATION SURGICAL HOSPITAL AFFILIATES, LLC, as Tenant. March 1, 2014
Master Lease • March 31st, 2014 • Foundation Healthcare, Inc. • Services-specialty outpatient facilities, nec • Texas

THIS MASTER LEASE (the “Lease”) dated as of March 1, 2014, by and between DOC-FSH SAN ANTONIO HOSPITAL, LLC, a Wisconsin limited liability company (“Landlord”), and FOUNDATION SURGICAL HOSPITAL AFFILIATES, LLC, a Nevada limited liability company (“Tenant”).

LEASE AGREEMENT
Master Lease • July 30th, 2020 • California

This Master Lease (“Lease”) is made and effective as of this day of , 2020 (“Effective Date”), by and between THE TOWN OF LOS GATOS, a California Municipal Corporation (hereinafter “Landlord” or the “Town”), and TAIT FIREHOUSE, LLC, a California Limited Liability Company (“Master Tenant”).

MASTER LEASE BETWEEN GAHC4 HOLLAND MI ALF, LLC, GAHC4 WYOMING MI ALF, LLC, GAHC4 RIVERSIDE GRAND RAPIDS MI ALF, LLC, GAHC4 LANSING MI ALF, LLC, and GAHC4 HOWELL MI ALF, LLC Collectively, as Landlord AND VISTA MICHIGAN OPERATIONS LLC, as Tenant
Master Lease • January 4th, 2019 • Griffin-American Healthcare REIT IV, Inc. • Real estate investment trusts

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”).

MASTER LEASE NO. 1 PARTIAL LEASE TERMINATION AGREEMENT BY AND AMONG KINDRED HEALTHCARE, INC. (f/k/a Vencor, Inc.), KINDRED HEALTHCARE OPERATING, INC. (f/k/a Vencor Operating, Inc.), AND VENTAS REALTY, LIMITED PARTNERSHIP
Master Lease • March 12th, 2004 • Kindred Healthcare Inc • Services-nursing & personal care facilities

THIS MASTER LEASE NO. 1 PARTIAL LEASE TERMINATION AGREEMENT (hereinafter this “Agreement” ) is dated as of the 11th day of December, 2003, and is by and among VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership (together with its successors and assigns, “Lessor”), having an office at 4360 Brownsboro Road, Suite 115, Louisville, Kentucky 40207, and KINDRED HEALTHCARE, INC., a Delaware corporation (f/k/a Vencor, Inc.) (“Kindred”), and KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation (f/k/a Vencor Operating, Inc.) (“Operator”; Operator, jointly and severally with Kindred and permitted successors and assignees of Operator and Kindred, “Tenant”), both having an office at 680 South 4th Avenue, Louisville, Kentucky 40202.

FIRST AMENDMENT TO AMENDED AND RESTATED MASTER LEASE
Master Lease • December 19th, 2022 • MGM Resorts International • Hotels & motels • New York

This AMENDED AND RESTATED MASTER LEASE (the “Master Lease”) is entered into as of the 29th day of April, 2022 (the “Commencement 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”).

MASTER LEASE
Master Lease • June 16th, 2021 • Assisted 4 Living, Inc. • Services-home health care services • Maryland
THIS LEASE IS NOT TO BE RECORDED] MASTER LEASE by and among SERITAGE SRC FINANCE LLC and SERITAGE KMT FINANCE LLC, Landlord, and KMART OPERATIONS LLC and SEARS OPERATIONS LLC, Tenant
Master Lease • July 13th, 2015 • Sears Holdings Corp • Retail-department stores • New York

This MASTER LEASE (this “Master Lease”) is entered into as of July 7, 2015, by and among Seritage SRC Finance LLC and Seritage KMT Finance LLC (together with their successors and assigns, collectively, jointly and severally, “Landlord”), and Kmart Operations LLC (“Kmart Tenant”) and Sears Operations LLC (“Sears Tenant”) (together with their permitted successors and assigns, collectively, jointly and severally, “Tenant”).

MASTER LEASE
Master Lease • August 16th, 2001 • Uno Restaurant Corp • Retail-eating places • Illinois
FIFTH AMENDMENT TO MASTER LEASE
Master Lease • February 23rd, 2023 • Gaming & Leisure Properties, Inc. • Real estate investment trusts • New York

THIS FIFTH AMENDMENT TO MASTER LEASE (this “Amendment”) is being entered into on this 14th day of January, 2022 (the “Effective Date”), by and between Gold Merger Sub, LLC (together with its permitted successors and assigns, “Landlord”) and Pinnacle MLS, LLC (together with its permitted successors and assigns, “Tenant”), and shall amend that certain Master Lease, dated April 28, 2016, as amended by that certain First Amendment to Master Lease, dated August 29, 2016, that certain Second Amendment to Master Lease, dated October 25, 2016, that certain Third Amendment to Master Lease, dated March 24, 2017, and that certain Fourth Amendment to Master Lease, dated October 15, 2018 (collectively with the foregoing, the “Master Lease”), by and among Landlord and Tenant, pursuant to which Tenant leases certain Leased Property, as further defined in the Master Lease. Capitalized terms used herein and not otherwise defined herein shall have the meaning ascribed to them in the Master Lease.

MASTER LEASE between NHI-REIT OF NEXT HOUSE, LLC, a Delaware limited liability company MYRTLE BEACH RETIREMENT RESIDENCE LLC, an Oregon limited liability company VOORHEES RETIREMENT RESIDENCE LLC an Oregon limited liability company individually and...
Master Lease • December 24th, 2013 • National Health Investors Inc • Real estate investment trusts • New York

THIS MASTER LEASE is executed this 23rd day of December, 2013 to become effective as of the Commencement Date (as hereinafter defined), by and between NH MASTER TENANT, LLC, a Delaware limited liability company, having its principal office at c/o Holiday Retirement, 5885 Meadows Rd., Suite 500, Lake Oswego, OR 97035, as Tenant (“Tenant”), and NHI-REIT OF NEXT HOUSE, LLC, a Delaware limited liability company, and MYRTLE BEACH RETIREMENT RESIDENCE LLC, an Oregon limited liability company, each having its principal office at 222 Robert Rose Drive, Murfreesboro, Tennessee 37129, as Landlord (individually and collectively, “Landlord”).

EIGHTH AMENDMENT TO MASTER LEASE
Master Lease • February 28th, 2019 • Penn National Gaming Inc • Hotels & motels • New York

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 meaning

NINTH AMENDMENT TO MASTER LEASE
Master Lease • February 23rd, 2023 • Gaming & Leisure Properties, Inc. • Real estate investment trusts • New York

THIS NINTH AMENDMENT TO MASTER LEASE (this “Amendment”) is being entered into on this 14th day of January, 2022 (the “Effective Date”), by and between GLP Capital, L.P. (together with its permitted successors and assigns, “Landlord”) and Penn Tenant, LLC (together with its permitted successors and assigns, “Tenant”), 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, that certain Second Amendment to Master Lease and First Amendment to Access Agreement, dated April 18, 2014, that certain Third Amendment to Master Lease, dated September 20, 2016, and that certain Fourth Amendment to Master Lease, dated May 1, 2017, that certain Fifth Amendment to Master Lease, dated June 19, 2018, that certain Sixth Amendment to Master Lease, dated August 8, 2018, that certain Seventh Amendment to Master Lease, dated October 31, 2018, and that certain Eighth Amendment to Master Lease, dated November 20, 2018

SEVENTH AMENDMENT TO MASTER LEASE
Master Lease • February 13th, 2019 • Gaming & Leisure Properties, Inc. • Real estate investment trusts • New York

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 as

MASTER LEASE
Master Lease • June 17th, 2021 • Assisted 4 Living, Inc. • Services-home health care services

THIS MASTER LEASE (this “Lease”) made and entered into this 13th day of May, 2015, by and between CRETE PLUS FIVE PROPERTY, L.L.C., a Delaware limited liability company, IOWA LINCOLN COUNTY PROPERTY, L.L.C., a Delaware limited liability company, MUSCATINE TOLEDO PROPERTIES, L.L.C., a Delaware limited liability company, and AVERY STREET PROPERTY, L.L.C., a Delaware limited liability company (hereinafter along with any other lessors as may be added to this Lease from time to time collectively referred to as “Lessor”), and IANE PROPERTIES I, LLC, a Florida limited liability company, and IANE PROPERTIES II, LLC, a Florida limited liability company (hereinafter along with any other lessees as may be added to this Lease from time to time collectively referred to as “Lessee”).

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SECOND AMENDMENT TO MASTER LEASE
Master Lease • August 22nd, 2016 • MedEquities Realty Trust, Inc. • Real estate investment trusts

THIS SECOND AMENDMENT TO MASTER LEASE (this “Amendment”) is made and entered into this 8th day of June, 2016, by and among MRT of La Mesa CA – SNF, LLC, MRT of National City CA – SNF I, LLC, MRT of National City CA – SNF II , LLC, MRT of Upland CA – SNF/ALF, LLC, and MRT of San Diego CA – SNF, LLC, each, a Delaware limited liability company (collectively, the “Landlord”), and GHC of La Mesa, LLC, GHC of National City II, LLC, GHC of National City I, LLC, GHC of Upland SNF, LLC, GHC of Upland RCFE, LLC, and GHC of Kearny Mesa, LLC, each, a California limited liability company (collectively, the “Tenant”).

MASTER LEASE
Master Lease • May 11th, 2005 • Alon USA Energy, Inc. • Arizona
SIXTH AMENDMENT TO MASTER LEASE
Master Lease • November 1st, 2018 • Gaming & Leisure Properties, Inc. • Real estate investment trusts • New York

THIS SIXTH AMENDMENT TO MASTER LEASE (this “Amendment”) is being entered into on this 8th day of August, 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 ascrib

Execution Version AMENDED AND RESTATED MASTER LEASE ACTIVE/103726432.5 US- DOCS\116344257.8
Master Lease • June 17th, 2020 • Gaming & Leisure Properties, Inc. • Real estate investment trusts • New York
AMENDED AND RESTATED MASTER LEASE BETWEEN ARG PROPERTIES II, LLC, as Landlord AND ARG ENTERPRISES, INC., As Tenant Dated: May 11, 1998
Master Lease • March 29th, 2002 • American Restaurant Group Inc • Retail-eating places • California

An extra section break has been inserted above this paragraph. Do not delete this section break if you plan to add text after the Table of Contents/Authorities. Deleting this break will cause Table of Contents/Authorities headers and footers to appear on any pages following the Table of Contents/Authorities.

Master Lease
Master Lease • March 20th, 1997 • Meadow Valley Corp • Water, sewer, pipeline, comm & power line construction
SIXTH AMENDMENT TO MASTER LEASE
Master Lease • February 18th, 2020 • MGM Growth Properties Operating Partnership LP • Real estate investment trusts • New York

This SIXTH AMENDMENT TO MASTER LEASE (the “Amendment”) is entered into as of February 14, 2020 (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
Master Lease • November 13th, 2002 • Alexanders J Corp • Retail-eating places • Arizona
THIRD AMENDMENT TO MASTER LEASE
Master Lease • February 28th, 2008 • Kindred Healthcare, Inc • Services-nursing & personal care facilities

THIS THIRD AMENDMENT TO MASTER LEASE (the “Amendment”) is made and entered into and effective as of June 30, 2004 (the “Effective Date”), by and among HEALTH CARE PROPERTY INVESTORS, INC., a Maryland corporation (“HCP”) and HEALTH CARE PROPERTY PARTNERS, a California general partnership (“HCPP”) (collectively, and jointly and severally, “Lessor”), KINDRED NURSING CENTERS EAST, L.L.C., a Delaware limited liability company, KINDRED NURSING CENTERS WEST, L.L.C., a Delaware limited liability company, and KINDRED NURSING CENTERS LIMITED PARTNERSHIP, a Delaware limited partnership (collectively, and jointly and severally, “Lessee”), with respect to the following:

AMENDMENT TO MASTER LEASE
Master Lease • February 23rd, 2024 • MGM Resorts International • Hotels & motels • New York

This AMENDMENT TO MASTER LEASE (this “Amendment”) is entered into as of November 17, 2021, by and among Ace A PropCo LLC, a Delaware limited liability company, (together with its permitted successors and assigns, “Aria Landlord”), Ace V PropCo LLC, a Delaware limited liability company (together with its permitted successors and assigns, “Vdara Landlord” and, individually or together with the Aria Landlord, as the context may require, “Landlord”), and MGM Lessee III, 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).

ELEVENTH AMENDMENT TO MASTER LEASE AND GUARANTY OF MASTER LEASE
Master Lease • July 8th, 2024 • Ardent Health Partners, LLC • Services-general medical & surgical hospitals, nec

This ELEVENTH AMENDMENT TO MASTER LEASE (the “Eleventh Amendment”) is dated as of December 29, 2023 by and among (a) ALL ENTITIES LISTED ON Schedule 1 ATTACHED HERETO AS A LANDLORD (individually and collectively “Landlord”): (b) ALL ENTITIES LISTED ON SCHEDULE 1 ATTACHED HERETO AS A TENANT (individually and collectively, “Tenant”) and (c) ARDENT HEALTH PARTNERS, LLC, a Delaware limited liability company (f/k/a EGI-AM Holdings, L.L.C.), ARDENT LEGACY HOLDINGS, LLC, a Delaware limited liability company, and AHP HEALTH PARTNERS, INC., a Delaware corporation (individually and collectively, “Guarantor”)

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
Master Lease • November 2nd, 2018 • Diversicare Healthcare Services, Inc. • Services-skilled nursing care facilities • Maryland

A request for confidential treatment has been made with respect to portions of this document that are marked ‘[*****]’. The redacted portions have been filed separately with the SEC.

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