AMENDED AND RESTATED CONSOLIDATED UNSECURED PROMISSORY NOTEConsolidated Unsecured Promissory Note • August 17th, 2010 • Grubb & Ellis Apartment REIT, Inc. • Real estate investment trusts
FOR VALUE RECEIVED, Grubb & Ellis Apartment REIT Holdings, L.P., a Virginia limited partnership (“Borrower”), unconditionally promises to pay to the order of NNN Realty Advisors, Inc., a Delaware corporation (“Lender”), in the manner and at the place hereinafter provided, the principal amount of Seven Million Seven Hundred Fifty Thousand Dollars ($7,750,000).
SECOND AMENDED AND RESTATED CONSOLIDATED UNSECURED PROMISSORY NOTEConsolidated Unsecured Promissory Note • August 14th, 2012 • Landmark Apartment Trust of America, Inc. • Real estate investment trusts
WHEREAS, Borrower previously executed a consolidated unsecured promissory note (the “Original Note”) in favor of NNN Realty Advisors, Inc., a Delaware corporation (“Original Lender”), dated November 10, 2009, with a face principal amount of $9,100,000. Borrower and Original Lender subsequently amended and restated the Original Note pursuant to that certain Amended and Restated Consolidated Unsecured Promissory Note (the “First Amended Note”), dated August 11, 2010, in the original face principal amount of $7,750,000, made by Borrower in favor of Original Lender. Original Lender subsequently assigned to Lender all of its right, title and interest, in to and under the First Amended Note pursuant to that certain Allonge to Note dated as of February 2, 2011 made by Original Lender in favor of Lender.
