EXECUTIVE EMPLOYMENT AGREEMENT

EXHIBIT 10.6

EXECUTIVE EMPLOYMENT AGREEMENT

THIS AGREEMENT (the “Agreement”) is made and entered into this 31^st of March, 2005, by and between G&L Realty Corp LLC, a Nevada limited liability company (the “Company”) and Daniel M. Gottlieb (“Executive”) with reference to the following facts

1. Employment and Duties.

(a) The Company hereby employs Executive who will serve as an executive officer of the Company. Executive acknowledges and agrees that the Company is a management company and that, as a part of his duties, he may be requested to serve as an executive officer of (i) the Company’s parent company, G&L Realty Corp, a Maryland corporation (“GLR”), (ii) one or more of GLR’s subsidiaries or affiliates, (iii) G&L Senior Care Properties, LLC, (“Senior Care LLC”), and/or any one or more of Senior Care LLC’s subsidiaries or affiliates (the entities referred to in clauses (i) through (iv) above being referred to as the “Client Entities”), and agrees, if so requested, to serve in such capacities.

(b) Executive shall devote a reasonable amount of his working time and his best efforts to the performance of his duties hereunder and to advance the interests of the Company and such one or more of the Client Entities as the Company may direct. Notwithstanding the above, Executive may spend a reasonable amount of time with respect to charitable and civic activities (including serving on the board of directors of charitable organizations) and, subject to the limitations set forth in Section 8 of this Agreement, may make personal investments or conduct private business affairs if such activities do not interfere with the services required of Executive under this Agreement. It is specifically recognized that Executive is the owner of membership units in Senior Care LLC, of limited partnership interests in G&L Realty Partnership, LP and G&L Senior Care Partnership, LP, and of shares in GLR, and that nothing in this Agreement is intended to prevent or limit Executive from serving on the management committee and/or board of directors of any one or more such entities or from pursuing his own interests as a member, partner and/or stockholder of such entities.

(c) Executive acknowledges and agrees that he is an employee only of the Company and that he is not an employee of any of the Client Entities to which he may provide services as an employee of the Company, and that he will look exclusively to the Company for the payment of any compensation that may be owed to him with respect to any such services.

2. Compensation.

(a) Annual Base Compensation. The Company shall pay to Executive for any and all services that Executive may render to the Company an annual base compensation of Six Hundred Fifty Thousand Dollars ($650,000), payable in equal installments on the Company’s regular payroll dates. The Compensation Committee of the Management Committee of the Company shall review Executives annual base compensation after the end of each calendar year commencing with the year ended December 31, 2005 in light of additional responsibilities which may be assumed by Executive, the result of operations and prospects of the Company, the compensation being paid to other persons holding similar positions with comparable companies and such other factors as it deems relevant; provided, however, that no such raise in compensation will be effective unless approved by the Company’s members acting through the Compensation Committee of the Board of Directors of GLR

(“Member Approval”). Following each such review, and subject to Member Approval, the annual base compensation of Executive may be increased but may not be decreased below its then existing level.

(c) Bonus Compensation. In addition, at the end of each year commencing with the year ended December 31, 2004, Executive, the Management Committee shall review, and may approve, a bonus in such amount as the Management Committee determines to be appropriate considering the efforts expended and the results achieved by the Executive, such bonus to be ordinarily no less than five percent (5%) nor more than one hundred percent (100%) of annual base compensation. Any such bonus, however, unless reimbursed in full by one or more Client Entities, will be subject to Member Approval.

3. Expenses. The Company will reimburse Executive for all usual, reasonable and necessary expenses paid or incurred by Executive in the performance of his duties hereunder in accordance with its policy for executives of the company, provided that such expenses are substantiated by written documentation and in accordance with the Company’s written policies and procedures on reimbursement of expenses as may be established from time to time by the Management Committee.

4. Employee Benefits.

(a) Executive shall be entitled to participate in all medical, dental, life insurance, retirement, profit sharing, stock incentive, disability and all other plans now made available, or which may be made available in the future, to executives of the Company.

(b) Executive shall be entitled to annual vacation in accordance with the Company’s policy for executives as such time.

5. Term of Agreement. This Agreement shall have an initial term of three years commencing on the date hereof. This Agreement shall be renewed automatically for succeeding terms of one year each unless either party gives notice to the other at least three (3) months prior to the expiration of any term (including the initial term) of his or its determination not to renew.

6. Termination. Executive’s employment hereunder may be terminated by the Company, on the one hand, or the Executive, on the other hand, as applicable, prior to the expiration of this Agreement, under the following circumstances:

(a) Death. Executive’s employment hereunder shall terminate upon his death. In the case of Executive’s death, the Company shall pay to Executive’s beneficiaries or estate, as appropriate, promptly after Executive’s death, the unpaid annual base compensation to which he is entitled pursuant to Section 2 through the date of his termination. This subsection 6(a) shall riot limit the entitlement of Executive’s estate or beneficiaries to any death or other benefits then available to Executive under any life insurance or other benefit plan or policy which is maintained by the Company for Executive’s benefit.

(b) Disability.

(i) If the Company determines in good faith that Executive has incurred a Disability (as defined below) during the term of this Agreement, the Company may give Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the thirtieth (30^th) day after receipt of such notice by Executive, provided that within the thirty (30) days after such receipt, Executive shall not have returned to full-time performance of his duties. Executive shall continue to receive his annual base compensation and benefits until the date of termination. In the case of Executive’s Disability, the Company shall pay to Executive promptly after the Executive’s termination, the unpaid annual base compensation to which he is entitled pursuant to Section 2 through the Executive’s termination. This subsection 6(b) shall not limit the entitlement of Executive or his estate or beneficiaries to any disability or other benefits then available to Executive under any disability insurance or other benefit plan or policy which is maintained by the Company for Executive’s benefit.

(ii) For the purpose of this Section, “Disability” shall mean Executive’s failure to perform his duties to the Company on a full-time basis for a total of 12 consecutive weeks during any 12-month period as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company and acceptable to Executive or Executive’s legal representative (such agreement as to acceptability not to be withheld unreasonably).