ASSIGNMENT AND ASSUMPTION OF RIGHTS UNDER REAL ESTATE SALE AGREEMENTAssignment and Assumption of Rights Under Real Estate Sale Agreement • April 16th, 2013 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts
For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, PHILLIPS EDISON GROUP LLC, an Ohio limited liability company (“Assignor”), hereby assigns, transfers and sets over to KLEINWOOD STATION LLC (“Assignee”), all of Assignor’s right, title, and interest as Purchaser to acquire the land and improvements known as Kleinwood Center located in Spring, Texas (the “Center’) pursuant to a certain Real Estate Sale Agreement dated as of October 4, 2012, as amended (the “Agreement”) with MCW-RC III MURRAY LANDING, LLC, a Delaware limited liability company, MCW-RC III KLEINWOOD CENTER, L.P., a Texas limited partnership, MCS-RC III VINEYARD SHOPPING CENTER, LLC, a Delaware limited liability company, REGENCY REALTY GROUP, INC., a Florida corporation, and REGENCY CENTERS, L.P., successor by merger to Kleinwood Center, LLC, a Delaware limited liability company (individually and collectively referred to as “Seller”), as Seller, with respect to, among other proper
