REAL ESTATE PURCHASE AGREEMENT AND ESCROW INSTRUCTIONSReal Estate Purchase Agreement • January 8th, 2010 • Grubb & Ellis Healthcare REIT II, Inc. • Real estate investment trusts • Minnesota
THIS REAL ESTATE PURCHASE AGREEMENT and ESCROW INSTRUCTIONS (this “Agreement”) is entered into as of this 7th day of January, 2010 (the “Effective Date”), by and between Stingray Properties, LLC, a Minnesota limited liability company (“Seller”); Crystal Blue Properties, LLC, a Minnesota limited liability company, Sylvan Holdings, LLC, a Minnesota limited liability company and Dr. Samuel Elghor, an individual (collectively, the “Seller Guarantor”), Grubb & Ellis Equity Advisors, LLC, a Delaware limited liability company, its successors and assigns (“Buyer”); and First American Title Insurance Company (“Escrow Agent”).
ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT AND ESCROW INSTRUCTIONSPurchase Agreement • January 8th, 2010 • Grubb & Ellis Healthcare REIT II, Inc. • Real estate investment trusts
THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS (this “Assignment”) dated as of January 7, 2010, is made and entered into by and between GRUBB & ELLIS EQUITY ADVISORS, LLC, a Delaware limited liability company (“Assignor”), and G&E HEALTHCARE REIT II SARTELL MOB, LLC, a Delaware limited liability company (“Assignee”), with reference to the following Recitals:
