ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.169
ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
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 INLAND AMERICAN REAL ESTATE TRUST, INC., a Maryland corporation, (“Assignee”) all of Assignor’s right, title and interest as a party to that certain Purchase and Sale Agreement [Portfolio #2] (the “Purchase Agreement”) by and between INLAND REAL ESTATE ACQUISITIONS, INC., (“Buyer”), and SUNTRUST BANK, a Georgia banking corporation, (“Seller”), dated October 17, 2007, as amended, with respect to the purchase and sale of those certain parcel(s) of land more fully defined on Exhibit A, attached hereto (the “Property”).
By execution hereof by Assignee, Assignee for itself and its successors and assigns hereby accepts the assignment and assumes all of the obligations of Assignor under the Purchase Agreement with respect to the Properties. The Assignor acknowledges and agrees that notwithstanding the foregoing the Assignor is not released from any of its obligations under the Purchase Agreement.
This Assignment is effective as of the 17th day of March, 2008.
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ASSIGNOR: |
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INLAND REAL ESTATE ACQUISITIONS, INC., |
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an Illinois corporation |
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By: |
/s/ G. Xxxxxx Xxxxxxx |
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G. Xxxxxx Xxxxxxx |
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Its: |
President |
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ASSIGNEE: |
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INLAND AMERICAN REAL ESTATE TRUST, |
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INC., a Maryland corporation |
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By: |
/s/ Xxxxxx Xxxxx |
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Xxxxxx Xxxxx |
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Its: |
Assistant Secretary |
Exhibit A
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Pool |
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Prop. ID |
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Property Name |
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Xxxxxxx |
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Xxxx |
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Xxxxx |
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Xxx |
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Xxxxxx |
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Xxxx |
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0 |
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XX00000 |
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East Lake Woodlands Xxxxxx |
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0000 Xxxx Xxxx Xxxx |
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Xxxx Xxxxxx |
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XX |
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00000 |
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Pinellas |
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2,500 |
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3 |
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FL00322 |
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Largo Xxxxxx |
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0000 Xxxx Xxx Xxxxx |
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Xxxxx |
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XX |
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00000 |
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Pinellas |
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2,400 |
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3 |
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FL00984 |
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Xxxx Haven Xxxxxx |
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000 Xxxxxxx Xxxxxx |
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Xxxx Xxxxx |
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XX |
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00000 |
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Bay |
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6,600 |
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3 |
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FL01015 |
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Sebring North Branch |
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0000 X.X. Xxxxxxx 00 Xxxxx |
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Xxxxxxx |
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XX |
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00000 |
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Highlands |
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3,392 |
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3 |
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FL01050 |
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Flagler Beach Branch |
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000 Xxxxx Xxxxxxxxx |
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Xxxxxxx Xxxxx |
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XX |
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00000 |
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Flagler |
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3,722 |
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3 |
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FL01225 |
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Zephyrhills North Office |
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0000 Xxxx Xxxxxxxxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Pasco |
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4,268 |
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3 |
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FL01241 |
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22nd Avenue North Xxxxxx |
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0000 0xx Xxxxxx Xxxxx |
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Xx. Xxxxxxxxxx |
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XX |
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00000 |
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Pinellas |
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3,694 |
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3 |
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FL01305 |
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San Xxxxxx |
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00000 Xxxxx Xxxxxxx Xxxxx |
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Xxxx Xxxxx |
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XX |
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00000 |
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Xxx |
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2,764 |
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3 |
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FL01340 |
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Westland Office |
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0000 Xxxx 00xx Xxxxxx |
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Xxxxxxx |
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XX |
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00000 |
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Dade |
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6,668 |
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3 |
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XX00000 |
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Xxxxx 00xx Xxxxxx Branch |
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00000 00xx Xxxxxx Xxxxx |
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Xxxxxxxxxx |
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XX |
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00000 |
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Pinellas |
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2,629 |
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11 |
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XX00000 |
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XX Xxxxx Xxxxxxxxxxx |
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0000 Xxxxxxxx Xxxx |
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Xxxxxxxxxxx |
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XX |
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00000 |
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Alachua |
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12,933 |
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11 |
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FL00201 |
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South Port Xxxxxx |
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00000 Xxxxx X.X. Xxxxxxx 0 |
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Xxxx Xx. Xxxxx |
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XX |
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00000 |
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St. Lucie |
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3,200 |
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11 |
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FL00271 |
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Timber Pines Office |
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0000 Xxxxxxxxxx Xxx |
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Xxxxxx Xxxx |
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XX |
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00000 |
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Hernando |
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4,778 |
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11 |
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FL01024 |
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Plantation Square Branch |
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0000 Xxxxx Xxxxxx Xxxx Xxxx |
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Xxxxxxxx |
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XX |
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00000-0000 |
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Polk |
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3,425 |
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11 |
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FL01045 |
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Orange Camp Branch |
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0000 Xxxxx Xxxxxxxx Xxxxxxxxx |
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Xxxxxx |
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XX |
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00000 |
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Volusia |
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4,200 |
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11 |
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FL01200 |
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Suntree Branch |
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0000 Xxxxxxx Xxxxxxxxx |
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Xxxxxxxxx |
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XX |
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00000 |
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Brevard |
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3,638 |
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11 |
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FL01242 |
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Oakhurst Xxxxxx |
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0000 Xxxxxxxx Xxxx |
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Xxxxxxxx |
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XX |
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00000 |
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Pinellas |
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2,933 |
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