FUTURE PLANS OF THE PURCHASER. As described above under "The Offer--Section 9. Background and Reasons for the Offer," we own the general partner and thereby control the management of your partnership. In addition, we own the manager of your partnership's residential property. We currently intend that, upon consummation of the offer, we will hold the units acquired and your partnership will continue its business and operations substantially as they are currently being conducted. The offer is not expected to have any effect on partnership operations. Although we have no present intention to do so, we may acquire additional units or sell units after completion or termination of the offer. Any acquisition may be made through private purchases, through one or more future tender or exchange offers, by merger, consolidation or by any other means deemed advisable. Any acquisition may be at a price higher or lower than the price to be paid for the units purchased pursuant to this offer, and may be for cash, limited partnership interests in AIMCO Properties or other consideration. We also may consider selling some or all of the units we acquire pursuant to this offer to persons not yet determined, which may include our affiliates. We may also buy your partnership's property, although we have no present intention to do so. There can be no assurance, however, that we will initiate or complete, or will cause your partnership to initiate or complete, any subsequent transaction during any specific time period following the expiration of the offer or at all. Except as set forth herein, we do not have any present plans or proposals which relate to or would result in an extraordinary transaction, such as a merger, reorganization or liquidation, involving your partnership; a purchase or sale or transfer of a material amount of your partnership's assets; any changes in composition of your partnership's senior management or personnel or their compensation; any changes in your partnership's present capitalization, indebtedness or distribution policy; or any other material changes in your partnership's structure or business. We or our affiliates may loan funds to your partnership which may be secured by your partnership's property. If any such loans are made, upon default of such loans, we or our affiliates could seek to foreclose on the loan and related mortgage or security interest. However, we expect that, consistent with your general partner's fiduciary obligations, the general partner will seek and revie...
FUTURE PLANS OF THE PURCHASER. The Purchaser is seeking to acquire Units pursuant to the Offer in order to acquire a substantial equity interest in the Partnership, primarily for investment purposes and with a view to making a profit. The Purchaser intends to seek recognition by the Partnership immediately following the consummation of the Offer as a registered owner with respect to all of the Units purchased pursuant to the Offer. Following the completion of the Offer, the Purchaser, and/or persons related to or affiliated with it, may acquire additional Units. Any such acquisition may be made through private purchases, through one or more future tender or exchange offers or by any other means deemed advisable, may be at a price higher or lower than the Purchase Price, and may be for cash or other consideration. In addition, the Purchaser or an affiliate of the Purchaser may seek to acquire one or more of the Partnership's parcels or property at some time in the future. The Purchaser does not currently have any definitive plans in this regard, however. There is a substantial possibility that the Purchaser will sell or otherwise transfer some or all of the Units it acquires pursuant to the Offer within the next year, either directly or in connection with a merger or other extraordinary transaction involving the Purchaser and one or more of its affiliates, depending among other things on liquidity, strategic, tax and other considerations applicable to the Purchaser, SCG, Sternlicht and their affiliates. It is also possible that the Purchaser could seek to sell additional interests in the Purchaser to affiliates or to unaffiliated third parties, although neither the Purchaser, SCG nor Sternlicht has any definitive plans in this regard. Neither the Purchaser, SCG nor Sternlicht has any present plans or intentions with respect to a liquidation, sale of assets or refinancing of any of the Partnership's properties, nor do they presently intend to change the current management or the operations of the Partnership or to seek to cause the Partnership to engage in any extraordinary transaction. However, the Purchaser's, SCG's or Sterxxxxxx'x xxxns in these regards could change at any time in the future and, at such time, the ability of the Purchaser to influence actions on which Unitholders are entitled to direct the vote will depend in part on the Unitholders' response to this Offer.
FUTURE PLANS OF THE PURCHASER. The Purchaser is acquiring the Units pursuant to the Offer for investment purposes. However, the Purchaser and its affiliates may acquire additional Units through private purchases, one or more future tender offers, or by any other means deemed advisable. Those future purchases may be at prices higher or lower than the Offer Price.
