Assignment and Assumption of Purchase and Sale Agreement between Lennar Multifamily Communities, LLC and GGT LMI City Walk GA, LLC
Lennar Multifamily Communities, LLC is transferring all its rights and interests in a sales contract for approximately 10.68 acres of land in Roswell, Georgia, to GGT LMI City Walk GA, LLC. The original contract, dated January 10, 2013, was between Roswell Commons Group, L.P. (seller) and Lennar Multifamily Communities, LLC (purchaser). This agreement formalizes the assignment and acceptance of the contract by the new party as of November 15, 2013.
Exhibit 10.2
ASSIGNMENT OF SALES CONTRACT
FOR VALUE RECEIVED, the undersigned, LENNAR MULTIFAMILY COMMUNITIES, LLC, a Delaware limited liability company, formerly named Lennar Multifamily Investors, LLC hereby transfers and assigns unto GGT LMI CITY WALK GA, LLC, a Delaware limited liability company, all of the undersigneds right, title and interest in and to that certain Sales Contract having an Effective Date of January 10, 2013 between Roswell Commons Group, L.P., as Seller, and the undersigned, as Purchaser, which Sales Contract was also executed by Fidelity National Title Group for the purpose therein expressed, as same may have been amended through the date hereof (the Contract) which Contract was entered into with respect to the sale and purchase of the approximately 10.680 acres on Norcross Street and Frazier Street in Roswell, Fulton County, Georgia.
IN WITNESS WHEREOF, the undersigned has caused this Assignment of Sales Contract to be duly executed, sealed and delivered this 15th day of November, 2013.
LENNAR MULTIFAMILY COMMUNITIES, LLC, a Delaware limited liability company, formerly named Lennar Multifamily Investors, LLC | ||||
By: | /S/ Christopher Cassidy | |||
Christopher Cassidy Vice President |
The assignment contained herein is hereby acknowledged and accepted by GGT LMI CITY WALK GA, LLC, a Delaware limited liability company, as of the date first above written.
GGT LMI CITY WALK GA, LLC, a Delaware limited liability company | ||||||||
By: | LMI City Walk Investor, LLC, a Delaware limited liability company, its Operating Member | |||||||
By: | Lennar Multifamily Communities, LLC, a Delaware limited liability company, its sole member | |||||||
By: | /S/ Christopher Cassidy | (SEAL) | ||||||
Christopher Cassidy, | ||||||||
Vice President |