Exhibit 10.1 CONTRACT OF SALE AND PURCHASE OF REAL PROPERTY This Contract of Sale and Purchase ("Contract") is entered into between the following parties: WATERMARK TEXAS ONE, INC., a Maryland corporation ("Seller") and THE PETERSON GROUP, INC., a...Contract of Sale and Purchase of Real Property • November 14th, 2003 • Watermark Investors Realty Trust • Real estate investment trusts • Texas
