American Assets Trust, Inc. Enters into Purchase Agreement to Acquire the Pacific Ridge Apartments in San Diego, CaliforniaAmerican Assets Trust, L.P. • March 27th, 2017 • Real estate investment trusts
SAN DIEGO -American Assets Trust, Inc. (NYSE: AAT) (the “Company”) has entered into a purchase agreement to acquire the Pacific Ridge Apartments (the “Property”), a 533 unit luxury apartment community located in San Diego, California that was completed in 2013 and is currently approximately 97% leased.
PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS [Pacific Ridge]Purchase Agreement and Escrow Instructions • March 27th, 2017 • American Assets Trust, L.P. • Real estate investment trusts • California
THIS PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS (this “Agreement”) is made as of the 24th day of March, 2017, by and between CP III PACIFIC RIDGE RF, LLC, a Delaware limited liability company (“Primary Owner”), and CP III PACIFIC RIDGE SOLAR, LLC, a California limited liability company (“Solar Owner”, and together with Primary Owner “Seller”), and AMERICAN ASSETS TRUST, INC., a Maryland corporation (“Purchaser”).
