Grubb-Ellis Apartment REIT Credit Facility Cancellation Letter to Wachovia Securities

Contract Categories: Business Finance › Credit Agreements
Summary

Grubb & Ellis Apartment REIT, represented by its Chief Investment Officer, Gus Remppies, notifies Wachovia Securities of its decision to cancel a secured senior and mezzanine credit facility. The letter confirms the intent to terminate the credit arrangement and expresses appreciation for Wachovia's prior involvement. No further obligations or conditions are specified beyond the cancellation notice.

Read More Arrow
EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1

Grubb & Ellis®
Property Solutions Worldwide

Grubb & Ellis Realty Investors

     
June 18, 2008
Chris Troutman
 

Wachovia Securities
301 South College Street
16th Floor
Charlotte, North Carolina 28288
Re:
  Grubb-Ellis Apartment REIT

Senior and Mezzanine Credit Facility

Chris,

Per our recent conversations, please accept this letter as confirmation that we are looking to cancel the above mentioned secured Credit Facility. While we are very, appreciative to have worked with Wachovia on this facility it will be in our best interest to cancel it.

Please do not hesitate to give me a call if you have any additional questions. Once again, thank you for your prompt attention to this matter.

Sincerely,

/s/ Gus Remppies
Gus Remppies
Chief Investment Officer
Grubb-Ellis Apartment REIT