SALE, PURCHASE AND ESCROW AGREEMENT BETWEEN MP SUMMIT, LLC (Seller) AND RESOURCE APARTMENT OP III, LP (Purchaser) AND CHICAGO TITLE INSURANCE COMPANY (Escrow Agent) Dated: April 15, 2019Sale, Purchase and Escrow Agreement • April 24th, 2019 • Resource Apartment REIT III, Inc. • Real estate investment trusts • Virginia
This Sale, Purchase and Escrow Agreement (this “Agreement”) dated as of April 15th, 2019 (the “Effective Date”), is made by and between MP SUMMIT, LLC, a Delaware limited liability company (“Seller”), and RESOURCE APARTMENT OP III, LP, a Delaware limited partnership (“Purchaser”), and constitutes (a) a contract of sale and purchase between the parties and (b) an escrow agreement among Seller, Purchaser and CHICAGO TITLE INSURANCE COMPANY (“Escrow Agent”), the consent of which appears at the end hereof.
