ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.167
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 II] (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 30th day of November, 2007.
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ASSIGNOR: |
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: |
INLAND AMERICAN
REAL ESTATE TRUST, |
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By: |
/s/ Xxxxxx X. Xxxxx |
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Xxxxxx X. 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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Xxxxxx |
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XX |
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0 |
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XX00000 |
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Xxxxxx Ridge Xxxxxx |
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00000 Xxxxx Xxxxx Xxxxxxx |
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Xxxxx |
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Dade |
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FL |
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2 |
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FL00158 |
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University Branch |
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0000 Xxxxx Xxxxx Xxxxxxx |
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Xxxxxxxxx |
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Xxxxxxxx |
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XX |
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0 |
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XX00000 |
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Destin Branch |
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00000 Xxxxxxx Xxxxx Xxxxxxx |
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Xxxxxx |
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Xxxxxxxx |
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XX |
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4 |
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FL00182 |
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Plant City Main Xxxxxx |
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000 Xxxx Xxxxxxxx Xxxxxx |
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Xxxxx Xxxx |
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Xxxxxxxxxxxx |
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XX |
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2 |
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FL00321 |
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Palm Harbor Xxxxxx |
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00000 X.X. Xxxxxxx 00 Xxxxx |
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Xxxx Xxxxxx |
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Pinellas |
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FL |
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4 |
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FL00324 |
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Dunedin Office |
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000 Xxxxxxxx |
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Xxxxxxx |
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Xxxxxxxx |
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XX |
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0 |
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XX00000 |
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North Coral Springs Xxxxxx |
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0000 Xxxxx Xxxx |
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Xxxxx Xxxxxxx |
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Xxxxxxx |
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XX |
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4 |
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FL00993 |
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Xxxxxxx - Xxxxxx Branch |
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0000 Xxxxxxx Xxxx |
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Xxxxxxx |
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Xxxxxx |
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XX |
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00 |
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XX00000 |
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Kissimmee - Main Street Branch |
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0000 Xxxxx Xxxx Xxxxxx |
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Xxxxxxxxx |
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Xxxxxxx |
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XX |
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10 |
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FL01030 |
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East Lake Wales Branch |
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0000 Xxxxx Xxxx 00 Xxxx |
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Xxxx Xxxxx |
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Xxxx |
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XX |
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10 |
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FL01036 |
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Port Orange Branch |
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0000 X Xxxx Xxxx |
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Xxxx Xxxxxx |
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Xxxxxxx |
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XX |
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0 |
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XX00000 |
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South Daytona Branch |
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0000 Xxxxx Xxxxxxxxx Xxxxxx |
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Xxxxx Xxxxxxx |
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Volusia |
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FL |
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10 |
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FL01051 |
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West Port Orange Branch |
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4900 Xxxxx Xxxxxx Boulevard |
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Port Orange |
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Volusia |
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FL |
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4 |
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FL01053 |
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Palm Coast West Branch |
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00 Xxxx Xxxx Xxxxx |
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Xxxx Xxxxx |
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Flagler |
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FL |
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4 |
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FL01090 |
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Southeast Lauderdale |
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0000 Xxxxx Xxxxxxx Xxxxxxx |
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Xxxx Xxxxxxxxxx |
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Xxxxxxx |
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XX |
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0 |
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XX00000 |
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Wellington |
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00000 Xxxxxx Xxxx Xxxxxxxxx |
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Xxxx Xxxx Xxxxx |
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Xxxx Xxxxx |
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XX |
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10 |
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FL01137 |
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North Port Xxxxxx |
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0000 Xxxxx Xxxx Xxxxxxxxx |
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Xxxxx Xxxx |
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Xxxxxxxx |
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XX |
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4 |
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FL01161 |
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Hunters Creek Branch |
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00000 Xxxx Xxxxx Xxxxxxx |
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Xxxxxxx |
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Xxxxxx |
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XX |
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1 |
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FL01172 |
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South 441 Branch |
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00000 Xxxxx Xxxxxx Xxxxxxx Xxxxx |
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Xxxxxxx |
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Xxxxxx |
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XX |
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2 |
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FL01193 |
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Melbourne South Branch |
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0000 Xxxxx Xxxxxxx Xxxxxx |
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Xxxxxxxxx |
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Xxxxxxx |
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XX |
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10 |
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FL01290 |
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Fivay Road Office |
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00000 Xxxxx Xxxx |
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Xxxxxx |
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Xxxxx |
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XX |
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0 |
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XX00000 |
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Oakbridge Center Branch |
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0000 Xxxxxxx Xxxxxxxx Xxxx Xxxxx |
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Xxxxxxxx |
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Xxxx |
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XX |
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0 |
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XX00000 |
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Hospital Branch |
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0000 Xxxxxxxxxx Xxxx |
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Xxxxxxxxxxx |
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Xxxx |
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XX |
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00 |
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XX00000 |
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Dunnellon Xxxxxx |
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00000 Xxxx Xxxxxxxxxxxx Xxxx |
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Xxxxxxxxx |
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Xxxxxx |
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XX |
