Examples of Original Properties in a sentence
Purchase accounting was applied to the acquisition of the Original Properties to the extent cash was paid to purchase 100% of the limited partnership interests in the Sovran Partnerships, prepay outstanding mortgages at the time of acquisition and for related transaction costs.
Purchase accounting was applied to the acquisition of the Original Properties to the extent cash was paid to purchase 100% of the limited-partnership interests in the Sovran Partnerships, prepay outstanding mortgages at the time of acquisition and for related transaction costs.
The Original Properties themselves, as opposed to the rental income from them (net of outgoings), were however not contributed as partnership assets.
The General Partner shall use all commercially reasonable efforts in disposing of any of the Original Properties to structure such transaction as one or more Section 1031 Exchanges.
Although it was the case that the Original Properties had generally already been refurbished whilst in AC Properties and so would only require normal ongoing repair and maintenance work, it is still the case that, as between the Original Properties, Mr Packe could be expected to benefit most from that work because that would benefit properties he owned disproportionately.