PURCHASE AND SALE CONTRACTPurchase and Sale Contract • May 7th, 2009 • Consolidated Capital Institutional Properties 3 • Real estate investment trusts • Florida
THIS PURCHASE AND SALE CONTRACT (this “Contract”) is entered into as of the 1st day of May, 2009 (the “Effective Date”), by FISHERMAN’S LANDING APARTMENTS LIMITED PARTNERSHIP, a Florida limited partnership (the “Solana Seller”) and CCIP/3 SANDPIPER, LLC, a Delaware limited liability company (the “Sienna Seller”), each having an address at 4582 South Ulster Street Parkway, Suite 1100, Denver, Colorado 80237 (individually a “Seller” and collectively “Sellers”), and DT GROUP DEVELOPMENT, INC., a California corporation, having a principal address at 5355 Cartwright Avenue, Suite 317, North Hollywood, California 91601 (“Purchaser”).
