Skip to main content

Jaber Properties 

Jaber Properties 

Ms. Alice Jaber, a long-term Alameda resident and supporter of Alameda Hospital, established her Trust in 1992, naming Alameda Hospital as a major beneficiary.  Upon her death, and pursuant to the terms of the Trust, certain Trust assets were distributed to the City of Alameda Health Care District (District), as the successor-in-interest to Alameda Hospital (the nonprofit corporation) in appreciation of the care given by Alameda Hospital.  Among the assets are two parcels of real property located in the City of Alameda, collectively referred to as the “Jaber Properties.”

●        1359 Pearl Street, an apartment complex with seven 2-bedroom units and one 3-bedroom unit

●        2711 Encinal Street, a retail storefront 

Maintenance of the Jaber properties is the responsibility of the District Board of Directors based upon recommendations from the Property Oversight Committee.  The Board of Directors contracts with a property management firm to oversee unit rentals, repairs, and tenant relations.

There are two governing documents that provide restrictions on how the funds can be distributed and for what purpose - the Jaber Will and the JPA Side Letter agreement with Alameda Health System (AHS).

  1. The Jaber Estate bequest provides that:

“The Fund shall be used for the purchase of capital equipment directly related to the diagnosis and treatment of patients at Alameda Hospital.  Such equipment includes, but is not limited to, machinery and equipment listed below and similar machinery and equipment.  This list is given not to limit the types of equipment that I would hope to make available to patients at Alameda Hospital:  Diagnostic imaging machinery; surgical equipment, including equipment for the treatment of eye disease; patient monitoring equipment for critical care.”

  1. The JPA Side Letter agreement with AHS states:

“Jaber Properties. District owns two parcels of real property, located at 2711 Encinal Avenue and 1359 Pearl Street (the “Jaber Properties”), that are unrelated to the day-to-day operation of Alameda Hospital.  For the avoidance of doubt, the Parties agree that the Jaber Properties shall not be included on Schedule 2.2 to the Agreement, and, therefore, pursuant to Section 2.2 of the Agreement, District shall promptly pay all tenant rents, proceeds, awards, revenues, and other consideration of whatever form or nature from any and all sources received by District from or attributable to the Jaber Properties (the “Jaber Revenues”) to AHS and such Jaber Revenues shall be included in the definition of “Parcel Tax Revenue” (in addition to all other revenues not set forth on Schedule 2.2 to the Agreement) for the purposes of Section 2.2 of the Agreement.  .”

The Jaber Will stipulates that the maximum that may be withdrawn from the Jaber Fund on an annual basis is twenty percent (20%) of the sum of the net income earned during the prior fiscal year plus the value of the principal of the Fund valued as of the last day of the prior fiscal year. 

Review of the annual distribution from the fund occurs after the end of the fiscal year and upon completion of the annual audit for the District.