Greit liquidating trust, investmark advisory group

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G REIT Liquidating Trust - Relationship Science

Net cash used in financing activities. Lack of diversification and illiquidity of real estate may make it difficult for us to sell underperforming properties or recover our investment in one or more properties. These intangible assets are not recognized for income tax purposes and are not allocated separately from the building for purposes of tax depreciation. The affiliated ownership portion of the equity is eliminated in aggregation of all private programs reporting on a cash income tax basis.

Trust Companies

All income and expenses of the Property shall be apportioned as of a. To the extent that we have underestimated these costs in calculating our projections, our actual net liquidation value may be lower than our estimated range. Yerington Plaza Shopping Center. We do not enter into derivative or interest rate transactions for speculative purposes. The rights of beneficiaries in their beneficial.

Additionally, our related party receivables would have been eliminated as a result of the forgiveness of the amounts due from the minority owners of the property. Seller has disclosed to Purchaser all Existing Loans and the respective balance of such loans as of the date the Agreement. There are no family relationships between any executive officers.

SEC Info - G REIT Liquidating Trust - 8-K for 12/30/03

Investment in unconsolidated real estate. Seller is in compliance with the requirements of Executive Order No. These specified time frames require the reporting of changes in ownership.

Because some of our principal tenants are U. To date, except as disclosed below, no reimbursements have been made to our advisor pursuant to the provisions of the Advisory Agreement. Phelan Village Shopping Center. If we do not prevail in any such a lawsuit which may be filed against us in the future, we may be liable for damages. Differences between rental income recognized and amounts contractually due under the lease agreements were credited or charged, as applicable, online lebanese to rent receivable.

To the extent that we receive less income than we expect during the liquidation process, our liquidating distributions to our beneficiaries will be reduced. Due to recent natural disasters resulting in massive property destruction, prices for insurance coverage have been increasing dramatically. All such information was provided by the people listed.

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Employer Identification No. However, in accordance with submanagement agreements the payments should have first been paid to the Advisor, safe dating lesson plan with the Advisor then paying the third party managers and brokers. Total asset liability for estimated receipts costs in excess of estimated costs receipts during liquidation.

Distributions to stockholders. Directors, Executive Officers and Corporate Governance. Any reduction in the value of our properties would make it more difficult for us to sell our remaining assets for the amounts that we have estimated.

This interpretation, among other things, creates a two-step approach for evaluating uncertain tax positions. Mortgage loans payable secured by properties held for sale. If there are any inconsistencies between such additional or supplemental instructions and this Agreement, then this Agreement shall govern and control. United States Treasury Department. Commitments and contingencies.

Recent SEC Filings

Purchase of real estate operating properties. Such agreement provides for trustee duties, compensation of trustees, and governance as well as distributions and other administrative matters. Substantially all of our work is performed by employees of our advisor and its affiliates.

Related party accounts receivable consists primarily of amounts due to us from our advisor and affiliates. Actual results may differ materially from those included in the forward-looking statements. In such instances, we may be required to self-insure against certain losses or seek other forms of financial assurance.

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Beneficiaries could be liable to the extent of liquidating distributions received if contingent reserves are insufficient to satisfy our liabilities. If any of the parties to our future sale agreements default thereunder, or if these sales do not otherwise close, our liquidating distributions to our beneficiaries may be delayed or reduced. As a liquidating trust, we will generally not be subject to federal income taxes.

There is no public market for our units of beneficial interests. The deficit cash flow was funded from working capital and the loan from our Advisor. The arbitrator shall render an award and a written, reasoned opinion in support thereof. Stock compensation expense. At acquisition, a major tenant left the property but agreed to pay rent through the end of its lease term.

Limitations on Liquidating REITs

Distributions received from unconsolidated properties. Amounts Paid to Sponsor by Seller at Acquisition for Real Estate Commissions includes fees paid to the sponsor the Advisor for its assistance in securing the acquisition of the relevant property. However, as with new legal entities, fund managers should consult with tax advisors before embarking on a liquidating trust to make sure that this type of entity makes sense for the situation. Purchaser acknowledges and agrees to the foregoing limitation on liability. The above selected financial data should be read in conjunction with the historical consolidated financial statements and related notes appearing elsewhere in this report.

Change in estimated receipts costs in excess of estimated costs receipts during liquidation. Fiduciary Relationship of our advisor to Us. An increase in the variable interest rate on certain mortgages payable constitutes a market risk.

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Every payment of liquidating distributions will be subject to the availability of cash and the sole discretion of our Trustees. Prior to entering into the Agreement, the Trust obtained an independent appraisal of Western Place. Our operating cash flow, therefore, depends materially on the rents that we are able to charge to our tenants and the ability of these tenants to make their rental payments. Interest expense including amortization of deferred financing costs. We reimburse our advisor for certain expenses incurred, including those related to proposed acquisitions and travel expenses.

G REIT LIQUIDATING TRUST - Current report filing (8-K) EXHIBIT

  1. Proceeds from sale of real estate operating property.
  2. Additionally, restrictive covenants in our loan documents may restrict our disposition activities.
  3. We believe that we will have sufficient capital resources to satisfy our liquidity needs during the liquidation period.
  4. Cash and cash equivalents consist of all highly liquid investments with a maturity of three months or less when purchased.
  5. Our Trustees are aware of these actual and potential conflicts of interest, some of which are summarized below.
  6. The derivatives we enter into, and the only derivative transactions approved by our Trustees, are those which are used only for hedging purposes rather than speculation.

We internally evaluate all of our properties as one industry segment and accordingly do not report segment information. Notes to Consolidated Financial Statements. In liquidation, we may sell our remaining assets either subject to or upon the assumption of any then outstanding mortgage debt or, alternatively, may provide financing to purchasers. Former name or former address if changed since last report.

Alstria - First German REIT

All material intercompany transactions and account balances have been eliminated in consolidation. Cash and cash equivalents. Thompson refer to Anthony W.

The Congress Center property is required by the terms of the applicable loan documents to meet certain minimum loan to value, performance covenants and other requirements. As a result, the lender required new loan terms including a lower funding than anticipated and accelerated principal repayment. Purchaser shall not be responsible for any amounts due to any employee work at the Property, including all wages and accrued benefits.

Investmark Advisory Group

Net cash provided by investing activities. The use of cash was primarily for repayments of amounts borrowed under the credit facility and mortgage debt. The fair value of payable to affiliates is not determinable due to its related party nature. In addition, it may be prudent for the fund manager to set aside certain cash reserves before making final distributions to the fund owners.

  • Changes in fair value are included as a component of interest expense in the consolidated statement of operations in the period of change.
  • Our advisor and Realty have interests that may vary from those we may have in such geographic markets.
  • Estimated net inflows from consolidated and unconsolidated operating activities.
  • How was the current Unit value determined?

G Reit - Agreement For Purchase And Sale of Real Property

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