---
schema_version: "secwatch.filing_event.v1"
accession: "0001332349-24-000134"
form_type: "8-K"
ticker: "BKD"
cik: "0001332349"
company_name: "Brookdale Senior Living Inc."
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:21:57.335884+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Brookdale amends master lease with Ventas: renews 65 communities, extends term to 2035, secures $35M capex

## Summary
- Annual minimum rent for renewal properties set at ~$64M from 2026, escalating 3% annually; lease term extended to Dec 2035 with one 10-year option.
- Ventas commits up to $35M in capex funding (2025-2027, max $15M/yr); rent increases by funded amount × 8% or 10yr Treasury+3.5%.
- Of 55 non-renewal communities, 11 to be sold and 44 transitioned starting Sep 2025; rent continues through Dec 2025 for sales, ends at transition for others.
- Unsold/untransitioned properties after Dec 2025 can be managed by Brookdale at 5% fee through Dec 2026.
- Amended Guaranty reduces change-of-control fee from $25M to $12.5M.

## SEC filing metadata
- accession: 0001332349-24-000134
- form_type: 8-K
- ticker: BKD
- cik: 0001332349
- company_name: Brookdale Senior Living Inc.
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1332349/000133234924000134/0001332349-24-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1332349/000133234924000134/bkd-20241218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001332349-24-000134
- JSON: https://secwatch.observer/filing/0001332349-24-000134.json
- Plain text: https://secwatch.observer/filing/0001332349-24-000134.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.