Common Contracts
1 similar Purchase and Sale Agreement contracts
BACKGROUNDPurchase and Sale Agreement • September 9th, 2024
Appellee Lloyd Douglas Enterprises, LC (LDE) was formed in 2002 for the purpose of serving as a management company to several skilled nursing facilities in Texas. In 2004, appellee Lloyd Douglas (Douglas) purchased property in Kemp, Texas (the Property) as a possible future location for a new skilled nursing facility. In May 2011, Douglas deeded the Property by special warranty deed to Kemp Investor Holdings, LLC (KIH). KIH entered into a Construction Agreement with Mt. Pleasant Land Development, LLC, n/k/a Douglas Land Development, LLC (Douglas Land Development) to construct a new skilled nursing facility on the Property. Construction of the facility, known as the Kemp Care Center, was completed in 2012.
