AGREEMENT OF PURCHASE AND SALEPurchase and Sale Agreement • September 18th, 2006 • America First Apartment Investors Inc • Real estate investment trusts
This Agreement of Purchase and Sale (the “Agreement”) is made and entered into as of this 12th day of September, 2006 (the “Effective Date”), by and between America First Apartment Investors, Inc., a Maryland corporation (“Purchaser”), and UDR of NC, Limited Partnership, a North Carolina limited partnership (“Seller”), with respect to certain apartment projects located in the State of North Carolina (the “Portfolio Properties”) which comprise four separate multi-family apartment complexes. The Portfolio Properties are more fully described in Schedule 1 attached hereto.
