TRANSACTION AGREEMENT by and among AFFORDABLE RESIDENTIAL COMMUNITIES INC., AFFORDABLE RESIDENTIAL COMMUNITIES LP, THE OTHER SELLERS PARTY HERETO, and AMERICAN RIVERSIDE COMMUNITIES LLCTransaction Agreement • April 17th, 2007 • Affordable Residential Communities Inc • Real estate investment trusts • New York
This TRANSACTION AGREEMENT, dated as of April 17, 2007 (this “Agreement”), is entered into by and among Affordable Residential Communities Inc., a Maryland corporation (“ARC”), Affordable Residential Communities LP, a Delaware limited partnership (“ARC LP”), ARC Dealership, Inc., a Colorado corporation (“ARC Dealership”), ARC Management Services, Inc., a Delaware corporation (“ARC Management Services”), ARCIV GV, Inc., a Delaware corporation (“ARCIV”), ARCMS, Inc., a Delaware corporation (“ARCMS”), ARC TRS, Inc., a Delaware corporation (“ARC TRS”), Salmaho Irrigation Co., a Utah corporation (“Salmaho”), Windstar Aviation Corp., a Delaware corporation (“Windstar”), ARC/DAM Management, Inc., a Delaware corporation (“ARC/DAM”), and Colonial Gardens Water, Inc., a Kansas corporation (“Colonial”, and together with ARC, ARC LP, ARC Dealership, ARC Management Services, ARC IV, ARCMS, ARC TRS, Salmaho, Windstar and ARC/DAM, the “Sellers”) and American Riverside Communities LLC, a Delaware limi
