PURCHASE AND SALE AGREEMENT by and between MISSION PRESTON WOOD, DST, a Delaware statutory trust, “Seller” and GRUBB & ELLIS APARTMENT REIT HOLDINGS, L.P., a Virginia limited partnership “Purchaser”Purchase and Sale Agreement • August 31st, 2010 • Grubb & Ellis Apartment REIT, Inc. • Real estate investment trusts
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • August 31st, 2010 • Grubb & Ellis Apartment REIT, Inc. • Real estate investment trusts • Virginia
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of August 27, 2010, by and among MR PROPERTY MANAGEMENT, LLC, a Delaware limited liability company (“Buyer”), MISSION RESIDENTIAL MANAGEMENT, LLC, a Virginia limited liability company (“Seller”), MR HOLDINGS, LLC, a Virginia limited liability company (“MR Holdings”), for purposes of Article IX only, FORWARD CAPITAL, LLC, a Delaware limited liability company (the “Parent”), and for purposes of Article V only, CHRISTOPHER C. FINLAY, an individual resident of the Commonwealth of Virginia (“Principal”). Buyer, Seller, MR Holdings, Parent and Principal are sometimes collectively referred to herein as the “Parties” and individually referred to herein as a “Party.”
