csv

							EXTENDICARE REAL ESTATE INVESTMENT TRUST
6-K
03/29/2007

EXTENDICARE REAL ESTATE INVESTMENT TRUST




EXHIBIT INDEX
SIGNATURES
EX-99.1
EX-99.2


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EXTENDICARE REAL ESTATE INVESTMENT TRUST
6-K
03/29/2007

EXTENDICARE REAL ESTATE INVESTMENT TRUST




Exhibit
Number           Description of Exhibit

  99.10          Form of Separation Agreement between Assisted
                 Living Concepts, Inc. and Extendicare
                 Real Estate Investment Trust

  99.20          Form of Tax Allocation Agreement between
                 Extendicare Inc. and Assisted Living Concepts,
                 Inc.


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EXTENDICARE REAL ESTATE INVESTMENT TRUST
6-K
03/29/2007

NO TITLE




Section 1.01.          Definitions                                      1

                                               ARTICLE II

                                              Tax Matters


                                              ARTICLE III

                                  Separation and Assumed Liabilities


Section   3.01.        Separation                                      11
Section   3.02.        Transfer and Assumption Documentation           11
Section   3.03.        Disclaimer                                      11
Section   3.04.        Intercompany Arrangements                       11

                                               ARTICLE IV

                                            Other Agreements


Section   4.01.        Use of Names                                    12
Section   4.02.        Books and Records                               13
Section   4.03.        Further Assurances                              13
Section   4.04.        Cooperation                                     15
Section   4.05.        Insurance                                       15
Section   4.06.        Agreement Not to Solicit Employees              16
Section   4.07.        Successors                                      17
Section   4.08.        Retention of Records                            18
Section   4.09.        Confidentiality; Preservation of Privilege;     18
                       Access
Section 4.10.          Novation of Liabilities                         21

                                               ARTICLE V

                                            Indemnification


Section   5.01.        Indemnification by ALC                          23
Section   5.02.        Indemnification by Extendicare                  24
Section   5.03.        Procedures Relating to Indemnification          24
Section   5.04.        Certain Limitations                             27


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Section 5.05.          Contribution                                  27
Section 5.06.          Exclusivity of Remedies                       28

                                                 ARTICLE VI

                                                 Conditions


                                              ARTICLE VII

                                       Miscellaneous and General


Section   7.01.        Modification or Amendment                     28
Section   7.02.        Termination                                   28
Section   7.03.        Notices                                       29
Section   7.04.        Interpretation                                29
Section   7.05.        Severability                                  30
Section   7.06.        Counterparts                                  30
Section   7.07.        Entire Agreement; Third Party Beneficiaries   30
Section   7.08.        Certain Obligations                           30
Section   7.09.        Governing Law                                 30
Section   7.10.        Assignment                                    31
Section   7.11.        Dispute Resolution; Waiver of Jury Trial      31
Section   7.12.        Limitation of Liability                       32
Section   7.13.        Extension; Waiver                             32


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6-K
03/29/2007

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Schedule 1.01(a)           ALC Litigation
Schedule 1.01(b)           EHSI Assisted Living Facilities
Schedule 1.01(c)           Excluded Assets
Schedule 3.01              Separation Transactions
Schedule 3.04              Continuing Intercompany Arrangements
Exhibit I                  Tax Allocation Agreement
Exhibit II                 Agreement for Payroll and Benefit Services
Exhibit III                Reserved
Exhibit IV                 Agreement for Reimbursement Services
Exhibit V                  Technology Services Agreement
Exhibit VI                 EHSI Assisted Living Facility Purchase
                           and Sale Agreement


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EXTENDICARE REAL ESTATE INVESTMENT TRUST
6-K
03/29/2007

EHSI Assisted Living Facilities




                            FACILITY
                              NAME                           ADDRESS
 1.00          Bell Oaks Terrace                 4200 Wyntree Drive
               (Assisted Living)                 Newburgh, IN 47630

 2.00          Emerald House                     P.O. Box 519
               (Assisted Living)                 601 Bussard Road
                                                 Washington, IN 47501

 3.00          Inwood Hills Estates              4010 South Ironwood Road
               (Residential Care Facility)       South Bend, IN 46614

 4.00          Highlands (The)                   225 Norfleet Drive
               (Assisted Living)                 Somerset, KY 42501

 5.00          Country Villa                     7475 Country Club Drive
               (Assisted Living)                 Golden Valley, MN 55427

 6.00          Rockmill Springs                  3682 Dolson Court, N.W.
               (Assisted Living)                 Carroll, OH 43112

 7.00          Gardens at Clyde                  700 Helen Street
               (Assisted Living)                 Clyde, OH 43410

 8.00          Westwood Landing (Assisted        37950 Airport Road
               Living)                           Woodsfield, OH 43793

 9.00          Clairmont Retirement Center       151 North Williams Ave.
               (Independent Living)              Klamath Falls, OR 97601

10.00          Bayberry Court                    101 Little Road
               (Assisted Living)                 Lower Burrell, PA 15068

11.00          Statesman Woods                   2619 Trenton Road
               (Assisted Living)                 Levittown, PA 19056

12.00          Crestview Assisted Living         6680 Woodward Avenue
                                                 Amarillo, TX 79106

13.00          Laurel Park Assisted Living       1133 East Park Avenue
               (Assisted Living)                 Port Angeles, WA 98362

14.00          Mission Ridge Assisted Living     12903 East Mission
               For Independent Seniors           Spokane, WA 99216
               (Assisted Living)

15.00          Mountain View Meadows             1008 East Mountain View Ave.
               (Assisted Living)                 Ellensburg, WA 98926

16.00          Prairie Springs Assisted Living   680 West Prairie Street
               (Assisted Living)                 Sequim, WA 98382

17.00          West Woods                        828 McPhee Road S.W.
               (Assisted Living)                 Olympia, WA 98502

18.00          Brook Gardens                     300 O Neil Street
               (Assisted Living)            Lake Mills, WI 53551

19.00          Cedar Gardens                W56 N225 McKinley Blvd.
               (Assisted Living)            Cedarburg, WI 53012


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    COUNTY     STATE
Warrick        IN


Daviess        IN



St. Joseph     IN


Pulaski        KY


Hennepin       MN


Fairfield      OH


Sandusky       OH


Monroe         OH


Klamath        OR


Westmoreland   PA


Bucks          PA


Potter         TX


Clallam        WA


Spokane        WA



Kittitas       WA


Clallam        WA


Thurston       WA


Jefferson      WI
Ozaukee   WI
EXTENDICARE REAL ESTATE INVESTMENT TRUST
6-K
03/29/2007

EHSI Assisted Living Facilities




                            FACILITY
                              NAME                        ADDRESS
  20.00         Crest House                    3829 South Chicago Ave.
                ( Assisted Living)             South Milwaukee, WI 53172

  21.00         Crystal House                  1403 Churchill Street
                (Assisted Living)              Waupaca, WI 54981-0439

  22.00         Lake View Assisted Living      545 Luco Road
                                               Fond du Lac, WI 54935

  23.00         Lake View Estates              517 Luco Road
                (Independent and 15 Assisted   Fond du Lac, WI 54935
                Living Units)

  24.00         Oak Gardens                    342 Twin Oak Drive
                (Assisted Living)              Altoona, WI 54720

  25.00         River Wood Estates (RCAC)      950 South Rapids Road
                                               Manitowoc, WI 54220

  26.00         Tamarack Place                 N84 W17147 Menomonee Ave.
                (Independent and Assisted      Menomonee Falls, WI 53051
                Living)

  27.00         Terrace Estates                1231 Eisner Avenue
                (f/k/a Morningside Terrace)    Sheboygan, WI 53083
                (Independent and Assisted
                Living)

  28.00         Willowpark Residence           1318 Jordan Avenue
                (Assisted Living)              New Holstein, WI 53061

  29.00         Wissota Springs (Assisted      2801 County Trunk I
                Living)                        Chippewa Falls, WI 54729


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   COUNTY     STATE
Milwaukee     WI


Waupaca       WI


Fond du Lac   WI


Fond du Lac   WI



Eau Claire    WI


Manitowoc     WI


Waukesha      WI



Sheboygan     WI




Calumet       WI


Chippewa      WI
EXTENDICARE REAL ESTATE INVESTMENT TRUST
6-K
03/29/2007

Combined/Consolidated State Tax Allocation




Consolidated Taxable Income                   $250
State Apportionment                          40.00 %

State Taxable Income                          $100
State Tax Rate                                  10 %

State Tax Liability                            $10



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EXTENDICARE REAL ESTATE INVESTMENT TRUST
6-K
03/29/2007

Combined/Consolidated State Tax Allocation




Apportionment              Numerator         Denominator      Apportionment
EHI Group                           $350             $1,000
ALC Group                           $250               $500


Total                               $600            $1,500




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Apportionment %
          23.33 %
          16.67 %


          40.00 %
EXTENDICARE REAL ESTATE INVESTMENT TRUST
6-K
03/29/2007

Combined/Consolidated State Tax Allocation




                                 Subgroup           Total
Allocation of Tax               Numerator        Denominator
EHI Group                                 $350           $1,500
ALC Group                                 $250           $1,500

Totals




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                   Federal Taxable    State
Percentage              Income        Income
         23.33 %               $250             $58
         16.67 %               $250             $42

         40.00 %                               $100
 State              Allocated
Tax Rate          Tax Liability
           10 %             $5.83
           10 %             $4.17

                          $10.00
EXTENDICARE REAL ESTATE INVESTMENT TRUST
6-K
03/29/2007

Operations Checklist




          No.                               ST     Facility
          1.00                                56   River Wood Estates (RCAC)
          2.00                               405   Gardens At Clyde
          3.00                                14   Crystal House
          4.00                                38   Tamarack Place
          5.00                                42   Cedar Gardens
          6.00                                43   Wissota Springs
          7.00                               105   Lake View Assisted Living
          8.00                               107   Lake View Estates
          9.00                               108   Country Villa
         10.00                               134   Prairie Springs Assisted Living
         11.00                               138   Mountain View Meadows
         12.00                               139   Oak Gardens
         13.00                               148   Terrace Estates
         14.00                               186   Highlands (The)
         15.00                               230   Bayberry Court
         16.00                               257   Mission Ridge Assisted Living
                                                   For Independent Seniors
         17.00                              258    West Woods
         18.00                              267    Clairmont Retirement Center
         19.00                              269    Crestview Assisted Living
         20.00                              220    Bell Oaks Terrace
         21.00                              238    Emerald House
         22.00                               35    Willowpark Residence
         23.00                               40    Crest House
         24.00                              106    Brook Gardens
         25.00                              137    Laurel Park Assisted Living
         26.00                              213    Inwood Hills Estates
         27.00                              239    Rockmill Springs
         28.00                              404    Westwood Landing
         29.00                              417    Statesman Woods


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        Date Operations
State     Transferred
  WI       4/1/2006
  OH       4/1/2006
  WI       4/1/2006
  WI       4/1/2006
  WI       4/1/2006
  WI       4/1/2006
  WI       4/1/2006
  WI       4/1/2006
  MN       4/1/2006
  WA       7/1/2006
  WA       7/1/2006
  WI       4/1/2006
  WI       4/1/2006
  KY       4/1/2006
  PA       5/1/2006

 WA       7/1/2006
 WA       7/1/2006
 OR       4/1/2006
 TX       4/1/2006
 IN       4/1/2006
 IN       4/1/2006
 WI       4/1/2006
 WI       4/1/2006
 WI       4/1/2006
 WA       7/1/2006
 IN       4/1/2006
 OH       4/1/2006
 OH       4/1/2006
 PA       4/1/2006