FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF INLAND RESIDENTIAL OPERATING PARTNERSHIP, L.P. Dated as of October 27, 2016Limited Partnership Agreement • October 28th, 2016 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Delaware
THIS FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (this “Agreement”) OF INLAND RESIDENTIAL OPERATING PARTNERSHIP, L.P. (the “Partnership”), dated as of October 27, 2016, is entered into among INLAND RESIDENTIAL PROPERTIES TRUST, INC., a Maryland corporation, as general partner (the “General Partner”), the Limited Partners listed on Exhibit A and any other limited partner or general partner that is admitted from time to time to the Partnership and listed on Exhibit A attached hereto.
MULTIFAMILY LOAN AND SECURITY AGREEMENT (Revised 5-5-2017)Multifamily Loan and Security Agreement • October 13th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
MASTER REAL ESTATE MANAGEMENT AGREEMENTMaster Real Estate Management Agreement • February 18th, 2015 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS MASTER REAL ESTATE MANAGEMENT AGREEMENT (this “Agreement”), dated as of February 17, 2015, is entered into by and between INLAND RESIDENTIAL PROPERTIES TRUST, INC., a Maryland corporation (“the Company”), and INLAND RESIDENTIAL REAL ESTATE SERVICES LLC, a Delaware limited liability company (“the Manager”).
FORM OF BUSINESS MANAGEMENT AGREEMENTBusiness Management Agreement • March 20th, 2014 • Inland Retail Properties Trust V, Inc. • Real estate investment trusts • Illinois
THIS BUSINESS MANAGEMENT AGREEMENT (this “Agreement”), dated as of , 2014, is entered into by and between Inland Retail Properties Trust V, Inc., a Maryland corporation (the “Company”), Inland Retail Properties Trust V Special Limited Partner, LLC, a Delaware limited liability company (the “Special Limited Partner”), IRPT V Operating Partnership, L.P., a Delaware limited partnership of which the Company is the sole general partner and of which the Special Limited Partner and the Business Manager are limited partners (the “Operating Partnership”) and IRPT V Business Manager & Advisor, Inc., an Illinois corporation (the “Business Manager”).
AGREEMENT OF LIMITED PARTNERSHIP OF INLAND RESIDENTIAL OPERATING PARTNERSHIP, L.P. Dated as of February 17, 2015Limited Partnership Agreement • February 18th, 2015 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Delaware
THIS AGREEMENT OF LIMITED PARTNERSHIP OF INLAND RESIDENTIAL OPERATING PARTNERSHIP, L.P. (this “Agreement”) dated as of February 17, 2015, is entered into among INLAND RESIDENTIAL PROPERTIES TRUST, INC., a Maryland corporation, as general partner (the “General Partner”) and as a Limited Partner, and INLAND RESIDENTIAL PROPERTIES TRUST SPECIAL LIMITED PARTNER, LLC, a Delaware limited liability company, as a Limited Partner (together with the General Partner in its capacity as a Limited Partner, the “Initial Limited Partners”), and the Limited Partners party hereto from time to time.
FORM OF ESCROW AGREEMENTEscrow Agreement • March 20th, 2014 • Inland Retail Properties Trust V, Inc. • Real estate investment trusts • Illinois
THIS ESCROW AGREEMENT (this “Agreement”) made and entered into as of this day of , 201 by and among Inland Retail Properties Trust V, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).
AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENTBusiness Management Agreement • August 9th, 2016 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Agreement”), dated as of August 8, 2016, is entered into by and between Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Residential Operating Partnership, L.P., a Delaware limited partnership of which the Company is the sole general partner and of which the Business Manager is a limited partner (the “Operating Partnership”), and Inland Residential Business Manager & Advisor, Inc., an Illinois corporation (the “Business Manager”). All references to the Company in this Agreement shall include the Company’s wholly-owned subsidiaries and, where applicable, the Operating Partnership.
INLAND RESIDENTIAL PROPERTIES TRUST, INC. DEALER MANAGER AGREEMENT February 17, 2015Dealer Manager Agreement • February 18th, 2015 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
Inland Residential Properties Trust, Inc., a Maryland corporation formed on December 19, 2013 (the “Company”), is offering upon the terms and conditions set forth in the Prospectus (as defined below) (i) on a “reasonable best efforts” basis up to $1 billion of shares of common stock in the primary offering (the “Primary Offering”), to the public, in any combination of Class A Shares ($25.00 per share) and Class T Shares ($23.95 per share) (individually the “Class A Shares” and the “Class T Shares” and collectively, the “Shares”); and (ii) up to $190 million in shares at a purchase price of $23.75 per Class A Share for issuance through the Company’s distribution reinvestment plan (the “DRP”, and together with the Primary Offering the “Offering”). Each subscriber will be required to enter into a subscription agreement substantially in the form of the Subscription Agreement attached as Appendix C-1 to the Prospectus (as may be amended by the Company from time to time, the “Subscription Ag
Inland Residential Properties Trust, Inc. Third AMENDED AND RESTATED Dealer Manager Agreement February 2, 2017Dealer Manager Agreement • February 2nd, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
Inland Residential Properties Trust, Inc., a Maryland corporation formed on December 19, 2013 (the “Company”), is offering upon the terms and conditions set forth in the Prospectus (as defined below) (i) on a “reasonable best efforts” basis up to $1 billion of shares of common stock in the primary offering (the “Primary Offering”), to the public, in any combination of Class A Shares ($25.00 per share), Class T Shares ($23.95 per share) and Class T-3 Shares ($24.14 per share) (individually the “Class A Shares,” the “Class T Shares” and the “Class T-3 Shares,” and collectively, the “Shares”); and (ii) up to $190 million in shares at a purchase price of $23.75 per Class A Share, $22.81 per Class T Share and $22.81 per Class T-3 Share, in any combination, for issuance through the Company’s distribution reinvestment plan (the “DRP,” and together with the Primary Offering, the “Offering”). Each subscriber will be required to enter into a subscription agreement substantially in the form of th
LICENSE AGREEMENTLicense Agreement • February 13th, 2015 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This License Agreement (“Agreement”), by and between The Inland Real Estate Group, Inc., an Illinois corporation with its principal place of business at 2901 Butterfield Road, Oak Brook, Illinois 60523 (“Licensor”), and Inland Residential Properties Trust, Inc., a Maryland corporation, with its principal place of business at 2901 Butterfield Road, Oak Brook, Illinois 60523 (“Licensee”), is effective as of December 19, 2013.
PURCHASE AND SALE AGREEMENT BETWEEN Verandas at Mitylene, LLC, a Delaware limited liability company AS SELLER, AND Inland Real Estate Acquisitions, Inc., an Illinois corporation AS PURCHASER As of May 30, 2017Purchase and Sale Agreement • August 2nd, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Alabama
THIS PURCHASE AND SALE AGREEMENT (this "Agreement") is made as of May 30, 2017 (the "Effective Date"), by and between Verandas at Mitylene, LLC, a Delaware limited liability company ("Seller"), and Inland Real Estate Acquisitions, Inc., an Illinois corporation ("Purchaser").
EMPLOYEE AND DIRECTOR INCENTIVE RESTRICTED SHARE PLAN OF INLAND RESIDENTIAL PROPERTIES TRUST, INC. FORM OF RESTRICTED SHARE AWARD AGREEMENTRestricted Share Award Agreement • March 17th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Maryland
THIS RESTRICTED SHARE AWARD AGREEMENT (this “Agreement”) is entered into on _________ (the “Grant Date”), by and between INLAND RESIDENTIAL PROPERTIES TRUST, INC., a Maryland corporation (the “Company”), and _______ (the “Director”) under and pursuant to the Company’s Employee and Director Incentive Restricted Share Plan (the “Plan”). Unless otherwise noted, capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan.
MEZZANINE PLEDGE AND SECURITY AGREEMENTMezzanine Pledge and Security Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS MEZZANINE PLEDGE AND SECURITY AGREEMENT (this “Pledge Agreement”) is entered into in as of May 3, 2017, between INLAND RESIDENTIAL OPERATING PARTNERSHIP, L.P., a Delaware limited partnership, having its principal place of business at 2901 Butterfield Road, Oak Brook, Illinois 60523 (referred to herein as “Pledgor”) and Parkway Bank and Trust Company, an Illinois banking corporation, having an address at 4800 N. Harlem Avenue, Harwood Heights, Illinois 60706 (“Lender”).
LOAN AGREEMENTLoan Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS LOAN AGREEMENT (as the same may be amended, restated or otherwise modified from time to time, this “Agreement”), is made as of May 3, 2017 (the “Closing Date”), by and between PARKWAY BANK AND TRUST COMPANY, an Illinois banking corporation (“Lender”), and IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Borrower”).
GUARANTYGuaranty • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS GUARANTY (this “Guaranty”) is dated as of May 3, 2017, and is given by INLAND RESIDENTIAL PROPERTIES TRUST, INC., a Maryland corporation (“Guarantor”) in favor of PARKWAY BANK AND TRUST COMPANY, an Illinois banking corporation (“Bank”), with respect to certain indebtedness and liabilities of IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Borrower”), as set forth below.
MEZZANINE GUARANTY AGREEMENTMezzanine Guaranty Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS MEZZANINE GUARANTY AGREEMENT (this “Guaranty”) is executed as of May 3, 2017, by INLAND REAL ESTATE INVESTMENT CORPORATION, a Delaware corporation (“Guarantor”), to and for the benefit of PARKWAY BANK AND TRUST COMPANY, an Illinois banking corporation (“Lender”).
ENVIRONMENTAL INDEMNITY AGREEMENTEnvironmental Indemnity Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
THIS ENVIRONMENTAL INDEMNITY AGREEMENT (as the same may from time to time hereafter be modified, supplemented or amended, this “Environmental Indemnity”) is made as of May 3, 2017, by and among IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Borrower”), INLAND RESIDENTIAL PROPERTIES TRUST, INC., a Maryland corporation (“Guarantor”, and together with Borrower referred to herein, individually, as an “Indemnitor” and, collectively, the “Indemnitors”), and PARKWAY BANK AND TRUST COMPANY, an Illinois banking corporation (“Lender”).
SECURITY AGREEMENTSecurity Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This SECURITY AGREEMENT dated as of May 3, 2017 (the “Security Agreement”), is executed by IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Debtor”), having its chief executive office at 2901 Butterfield Road, Oak Brook, IL 60523 and Parkway Bank and Trust Company, an Illinois banking corporation (the “Bank”), whose address is 4800 N. Harlem Avenue, Harwood Heights, Illinois 60706.
FORM OF INVESTMENT ADVISORY AGREEMENT FOR DISCRETIONARY ACCOUNTSInvestment Advisory Agreement • July 24th, 2014 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
This INVESTMENT ADVISORY AGREEMENT (the “Agreement”) is made and entered into as of this day of , 2014 by and between Inland Residential Properties Trust, Inc. (“Client”) and Inland Investment Advisors, Inc., an Illinois corporation (“Adviser”), an investment adviser registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), for the purpose of setting forth the terms and conditions pursuant to which Adviser will manage Client’s assets designed for management hereunder.
REINSTATMENT OF AND FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • March 29th, 2019 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This Reinstatement of and First Amendment to Purchase and Sale Agreement (“First Amendment”) is made and entered into as of January 23, 2019, by and between IRESI MONTGOMERY MITYLENE, L.L.C., a Delaware limited liability company (“Seller”), and B & M DEVELOPMENT COMPANY, L.L.C., an Alabama limited liability company (“Buyer”).
BILL OF SALE AND ASSIGNMENT AND ASSUMPTION OF LEASES AND SERVICE CONTRACTSBill of Sale and Assignment and Assumption of Leases and Service Contracts • August 2nd, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Alabama
This Bill of Sale and Assignment and Assumption of Leases and Service Contracts (this "Agreement") is made and entered into this 27th day of July, 2017, by and between Verandas at Mitylene, LLC, a Delaware limited liability company ("Seller"), and IRESI Montgomery Mitylene, L.L.C., a Delaware limited liability company ("Purchaser").
PURCHASE AND SALE AGREEMENT (COMMONS AT TOWN CENTER, VERNON HILLS, ILLINOIS)Purchase and Sale Agreement • December 7th, 2018 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
THIS PURCHASE AND SALE AGREEMENT is dated as of December 4, 2018 (the “Effective Date”), by and between IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Seller”), having an address c/o Inland Residential Properties Trust, Inc., 2901 Butterfield Road, Oak Brook, Illinois 60523, Attention: Daniel Zatloukal, e-mail address: Daniel.zatloukal@inlandgroup.com (with copies to: The Inland Real Estate Group, LLC, Law Department, 2901 Butterfield Road, Oak Brook, Illinois 60523, Attention: David Neboyskey, Esq., email: dneboyskey@inlandgroup.com) and FPA MULTIFAMILY, LLC. a California limited liability company (“Buyer”), having an address of 2082 Michelson Drive, Suite 400, Irvine CA 92612, Attn: Michael B. Earl, email: mearl@trinity-pm.com with a copy to Sayer Sweeney, ssweeney@fpamf.com.
FIRST AMENDMENT TO second AMENDED AND RESTATED Dealer Manager AgreementDealer Manager Agreement • November 10th, 2016 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED DEALER MANAGER AGREEMENT (this “Amendment”), effective as of November 7, 2016, is entered into by and between Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), and Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”). Capitalized terms used but not otherwise defined in this Amendment shall have the meanings given to such terms in the Second Amended and Restated Dealer Manager Agreement, dated as of September 8, 2015 (the “Dealer Manager Agreement”).
SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • March 29th, 2019 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This Second Amendment to Purchase and Sale Agreement (“Second Amendment”) is made and entered into as of February 19, 2019, by and between IRESI MONTGOMERY MITYLENE, L.L.C., a Delaware limited liability company (“Seller”), and B & M DEVELOPMENT COMPANY, L.L.C., an Alabama limited liability company (“Buyer”).
PREPARED BY AND WHEN RECORDED RETURN TO: LATIMER LEVAY FYOCK LLCMortgage, Security Agreement, Assignment of Rents and Fixture Filing • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
IntroductionSale Agreement • December 27th, 2018 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
On December 20, 2018, Inland Residential Properties Trust, Inc. (the “Company”), through IRESI Vernon Hills Commons, L.L.C., an indirect wholly owned subsidiary of the Company (the “Commons Subsidiary”), completed the previously disclosed sale of a 105,442 square foot, 85-unit apartment community with a 10,609 square foot extended first floor retail space located at 1255 Town Center Rd, Vernon Hills, Illinois, commonly known as “The Commons at Town Center” (the “Property”), pursuant to an agreement dated December 4, 2018 (the “Agreement”). The buyer of the Property is FPA/WC Commons LLC (an assignee of the previously disclosed buyer, FPA Multifamily, LLC), an unaffiliated third party. At the closing, the Company received net proceeds of approximately $9.9 million representing the purchase price of $24.6 million, net of closing costs, commissions, and certain prorations and adjustments, and the full repayment of $13.8 million in mortgage debt that encumbered the Property.
AGREEMENT FOR AMENDMENT OF DOCUMENTSAgreement for Amendment of Documents • October 13th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
The undersigned (“Parties”) executing this Agreement are parties to a certain loan transaction pursuant to an application made to and accepted by BERKADIA COMMERCIAL MORTGAGE LLC, a Delaware limited liability company (“Lender”) wherein Lender will make and sell to FEDERAL HOME LOAN MORTGAGE CORPORATION (“Freddie Mac”) a first mortgage in the amount of $21,930,000.00 (the “Loan”) to the owner(s) (“Owner”) of a project commonly known as Verandas at Mitylene, located in Montgomery (Montgomery County), Alabama.
WHEN RECORDED RETURN TO: Janet Wagner, Esq. LATIMER LEVAY FYOCK LLCPurchase Money Deed of Trust • October 6th, 2015 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
ASSIGNMENT AND ASSUMPTION OF LEASESAssignment and Assumption of Leases • October 6th, 2015 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
THIS ASSIGNMENT AND ASSUMPTION OF LEASES (the “Assignment”) dated as of September 30, 2015 (the “Effective Date”), is between The Haven at Market Square, LLC, a South Carolina limited liability company (“Assignor”), and IRESI Frederick Market Square, L.L.C., a Delaware limited liability company (“Assignee”).
ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENTAssignment and Assumption of Purchase and Sale Agreement • August 2nd, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned, Inland Real Estate Acquisitions, Inc., an Illinois corporation (“Assignor”), hereby assigns to IRESI Montgomery Mitylene, L.L.C., a Delaware limited liability company (“Assignee”), all of Assignor’s right, title and interest as a party to that certain Purchase and Sale Agreement dated as of May 30, 2017 (as amended, the “Purchase Agreement”) by and between Assignor, as the buyer, and Verandas at Mitylene, LLC, as the seller, with respect to the purchase and sale of certain real property and improvements listed on Exhibit A attached hereto and as further described in the Purchase Agreement (“Property”).
MODIFICATION OF LOAN DOCUMENTSModification of Loan Documents • October 4th, 2016 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS MODIFICATION OF LOAN DOCUMENTS (this "Agreement") is made as of September 30, 2016 by and among IRESI FREDERICK MARKET SQUARE, L.L.C., a Delaware limited liability company (“Borrower”), INLAND REAL ESTATE INVESTMENT CORPORATION, a Delaware corporation (“Initial Term Guarantor”), INLAND RESIDENTIAL PROPERTIES TRUST, INC., a Maryland corporation (“Substitute Guarantor”, and together with Initial Term Guarantor, “Guarantors”) and PARKWAY BANK AND TRUST COMPANY, an Illinois banking corporation, its successors and assigns ("Lender").
FOURTH AMENDMENT TO PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • June 28th, 2019 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This Fourth Amendment to Purchase and Sale Agreement (“Fourth Amendment”) is made and entered into as of June 25, 2019, by and between IRESI MONTGOMERY MITYLENE, L.L.C., a Delaware limited liability company (“Seller”), and B & M DEVELOPMENT COMPANY, L.L.C., an Alabama limited liability company (“Buyer”).
FORM OF INLAND RESIDENTIAL PROPERTIES TRUST, INC. THIRD AMENDED AND RESTATED DEALER MANAGER AGREEMENTDealer Manager Agreement • December 27th, 2016 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • August 2nd, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Second Amendment”) is made and entered into as of July 6, 2017 (the “Amendment Effective Date”), by and between Verandas at Mitylene, LLC, a Delaware limited liability company ("Seller"), and Inland Real Estate Acquisitions, Inc., an Illinois corporation ("Purchaser").
THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • June 13th, 2019 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This Third Amendment to Purchase and Sale Agreement (“Third Amendment”) is made and entered into as of June 7, 2019, by and between IRESI MONTGOMERY MITYLENE, L.L.C., a Delaware limited liability company (“Seller”), and B & M DEVELOPMENT COMPANY, L.L.C., an Alabama limited liability company (“Buyer”).
