PURCHASE AND SALE AGREEMENT BY AND AMONG CNL APF PARTNERS, LP and Certain Affiliates as Seller Parties, and ARC PROPERTIES OPERATING PARTNERSHIP, L.P. as Purchaser Dated May 31, 2013Purchase and Sale Agreement • June 7th, 2013 • American Realty Capital Properties, Inc. • Real estate investment trusts • New York
This PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of May 31, 2013, is entered into by and among CNL APF Partners, LP, a Delaware limited partnership (“Seller”), and each of the seller parties listed on the signature pages hereto (collectively with Seller and together with their designees permitted pursuant to this Agreement, the “Seller Parties”), on the one hand, and ARC Properties Operating Partnership, L.P., a Delaware limited partnership (“Purchaser”), on the other hand. Each of the Seller Parties and Purchaser shall be referred to in this Agreement as a “Party”, and collectively as the “Parties”. Capitalized terms used in this Agreement have the meanings specified in Exhibit A to, or elsewhere in, this Agreement.
