CEDAR BAY
REALTY ADVISORS, INC.
VIA FAX
(000) 000-0000
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August 22, 2001
Xxxxxx X. Xxxxxxxxx, Esq.
Xxxxx Xxxxxxx Xxxxxxx & Xxxxx LLP
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000-0000
Re: Agreement of Sale dated as of May 16, 2001 between Washington
Centre Shops, L.P., Port Richmond Associates, LLC, Academy
Stores, L.P. and Greentree Road Land, Inc., as Seller
and Cedar Income Fund Partnership. L.P., as Purchaser (the "Contract")
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Dear Xxx:
In accordance with Section 4.1 of the Contract, as amended by First Amendment to
Agreement of Sale dated August 16, 2001, notice is hereby given that the Payees
have not finalized the documentation for the Assumptions and, accordingly, the
Closing Date shall be adjourned to Wednesday, September 12, 2001.
Very truly yours,
/s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx Xxxxxxxx
General Counsel
SHW:gd
cc: Xxx X. Xxxxxx
Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx (via ups overnight)
Xxxxxx X. Xxxxxxxxxx, Esq. (via ups overnight)
00 Xxxxx Xxxxxx Xxxxxx, Xxxx Xxxxxxxxxx, X.X. 00000
Tel: (000) 000-0000 o (000) 000-0000
