ASSIGNMENT OF PURCHASE AGREEMENT
Exhibit 10.12
ASSIGNMENT OF PURCHASE AGREEMENT
THIS ASSIGNMENT OF PURCHASE AGREEMENT is made and entered into as of this 26th day of June, 2014, by and between CARTER VALIDUS PROPERTIES, LLC, a Delaware limited liability company (Assignor), and HC-11250 FALLBROOK DRIVE, LLC, a Delaware limited liability company (Assignee).
RECITALS
A. Assignor is the Purchaser under that certain Purchase Agreement made by and between Cy-Fair Surgical Properties, Ltd., a Texas limited partnership as Seller, and Assignor as Purchaser, having an effective date of June 5, 2014 ( the Agreement) relative to certain real property, together with Improvements, Intangible Property and Personal Property (as defined in the Agreement) located or necessary for the operations at 11250 Fallbrook Drive, Houston, Texas (the Property).
B. Assignor wishes to assign to Assignee all of its rights under the Agreement in return for Assignees agreement to assume all of Assignors obligations under the Agreement.
NOW, THEREFORE, for valuable consideration to Assignor in hand paid by Assignee, the receipt and sufficiency of which are hereby acknowledged by Assignor, the parties agree as follows:
Assignor does hereby sell, assign, transfer and deliver unto Assignee all of Assignors right, title and interest in and to the Agreement (including, without limitation, the rights of Assignor in all deposit monies paid by Assignor under the Agreement) regarding and relating to the Property which is the subject of the Agreement.
Assignee, by the acceptance hereof, hereby assumes all rights and obligations of Assignor as Purchaser under the Agreement and agrees to be bound by all of the terms and conditions of the Agreement.
[Signature page follows]
IN WITNESS WHEREOF, the parties have executed this Assignment as of the day and year first above written.
WITNESSES: | ASSIGNOR: | |||||
Carter Validus Properties, LLC, a Delaware limited liability company | ||||||
/s/ Demetra Elliott | ||||||
Print Name: Demetra Elliott | By: /s/ John E. Carter | |||||
/s/ Miles Callahan | Date: 06/26/2014 | |||||
Print Name: Miles Callahan | ||||||
WITNESSES: | ASSIGNEE: | |||||
HC-11250 Fallbrook Drive, LLC, a Delaware limited liability company | ||||||
By: | Carter Validus Operating Partnership II, LP a Delaware limited partnership, Its Sole Member | |||||
/s/ Anatalia Sanchez Print Name: Anatalia Sanchez | By: | Carter Validus Mission Critical REIT II, Inc., a Maryland corporation, Its General Partner | ||||
By: /s/ Lisa A. Drummond | ||||||
/s/ Miles Callahan | Name: Lisa A. Drummond | |||||
Print Name: Miles Callahan | Its: Secretary |
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