Third Party Tender OfferPurchase Agreement • December 15th, 2016 • Divall Insured Income Properties 2 Limited Partnership • Real estate
On or about November 25, 2016, Peachtree Partners and its affiliates (collectively, the “Bidder”) distributed a Purchase Agreement to limited partners (“Limited Partners”) of DiVall Insured Income Properties 2, L.P. (the “Partnership”), for the purpose of making a third-party tender offer for up to 4.9% of the outstanding limited partnership units of the Partnership, including those already owned by the Bidder (“Units”), at a purchase price equal to $340 per Unit less transfer fees of $100 per investor and less any distributions paid by the Partnership after November 25, 2016 (the “Offer”). A copy of the Offer was first delivered to the Partnership on December 14, 2016. Because the Offer seeks a maximum of 4.9% of the outstanding Units, the Bidder did not file a Schedule TO with the Securities and Exchange Commission (“SEC”).
