Assignment of Purchase and Sale Agreement between AEI Property Corporation and AEI Net Lease Income & Growth Fund XX LP
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Summary
AEI Property Corporation assigns its full interest in a Purchase and Sale Agreement for a Bassett Home Furnishings retail property in Fredericksburg, Virginia, to AEI Net Lease Income & Growth Fund XX Limited Partnership. The Assignee assumes all management responsibilities and obligations as purchaser under the original agreement. The assignment is effective as of April 26, 2019.
EX-10.1 2 ex10-1.htm
ASSIGNMENT OF
PURCHASE AGREEMENT
AEI Property Corporation, a Minnesota corporation ("Assignor"), hereby assigns to AEI Net Lease Income & Growth Fund XX Limited Partnership, a Minnesota limited partnership, ("Assignee"), its undivided 100% interest in that certain Purchase and Sale Agreement between Assignor and MACH II MCB SILVER PORTFOLIO OWNER ONE, LLC, a Delaware limited liability company, dated March 22, 2019, as amended on April 17, 2019, with respect to real property and improvements thereon generally known as a Bassett Home Furnishings retail store located at 1551 Carl D. Silver Parkway, Fredericksburg, Virginia, and Assignee hereby assumes management responsibilities and obligations of its interest as Purchaser thereunder.
Dated: April 26, 2019 ASSIGNOR:
AEI Property Corporation,
a Minnesota corporation
By /s/ MARNI NYGARD
Marni Nygard, its Chief Investment Officer
ASSIGNEE:
AEI Net Lease Income & Growth Fund XX
Limited Partnership,
a Minnesota limited partnership
By: AEI Fund Management XX, Inc.
a Minnesota corporation
Its: Corporate General Partner
By: /s/ MARNI NYGARD
Marni Nygard, its Chief Investment Officer
