EXHIBIT 56 STANDBY PURCHASE AGREEMENT THIS STANDBY PURCHASE AGREEMENT (as the same may be amended or otherwise modified from time to time, the "AGREEMENT"), made and entered into as of August 11, 1998, by and between (i) First Union Real Estate Equity...Standby Purchase Agreement • August 14th, 1998 • Gotham Partners Lp /Ny/ • Real estate investment trusts • New York
