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ASSIGNMENT AND ASSUMPTION OF AGREEMENT OF SALE

Assumption Agreement

ASSIGNMENT AND ASSUMPTION OF AGREEMENT OF SALE | Document Parties: GRUBB & ELLIS HEALTHCARE REIT, INC. | G&E HEALTHCARE REIT MEDICAL PORTFOLIO 1, LLC | TRIPLE NET PROPERTIES, LLC | TST BRANDON, LTD | TST EL PASO PROPERTIES, LTD | TST JACKSONVILLE II, LLC | TST LAKELAND, LTD | TST LARGO ASC, LTD | TST OVERLAND PARK, LP | TST TAMPA BAY, LTD You are currently viewing:
This Assumption Agreement involves

GRUBB & ELLIS HEALTHCARE REIT, INC. | G&E HEALTHCARE REIT MEDICAL PORTFOLIO 1, LLC | TRIPLE NET PROPERTIES, LLC | TST BRANDON, LTD | TST EL PASO PROPERTIES, LTD | TST JACKSONVILLE II, LLC | TST LAKELAND, LTD | TST LARGO ASC, LTD | TST OVERLAND PARK, LP | TST TAMPA BAY, LTD

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Title: ASSIGNMENT AND ASSUMPTION OF AGREEMENT OF SALE
Date: 2/7/2008

ASSIGNMENT AND ASSUMPTION OF AGREEMENT OF SALE, Parties: grubb & ellis healthcare reit  inc. , g&e healthcare reit medical portfolio 1  llc , triple net properties  llc , tst brandon  ltd , tst el paso properties  ltd , tst jacksonville ii  llc , tst lakeland  ltd , tst largo asc  ltd , tst overland park  lp , tst tampa bay  ltd
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ASSIGNMENT AND ASSUMPTION OF AGREEMENT OF SALE

THIS ASSIGNMENT AND ASSUMPTION OF AGREEMENT OF SALE (this “ Assignment ”) is made and entered into as of February 1, 2008, by and between TRIPLE NET PROPERTIES , LLC , a Virginia limited liability company (“ Assignor ”), and G&E HEALTHCARE REIT MEDICAL PORTFOLIO 1 , LLC , a Delaware limited liability company (“ Assignee ”), with reference to the following Recitals:

R E C I T A L S

A. Assignor, as “Buyer,” and TST OVERLAND PARK , L . P ., a Kansas limited partnership, TST EL PASO PROPERTIES , LTD ., a Texas limited partnership, TST JACKSONVILLE II , LLC , a Delaware limited liability company, TST TAMPA BAY , LTD ., a Florida limited partnership, TST LARGO ASC , LTD ., a Florida limited partnership, TST BRANDON , LTD ., a Florida limited partnership, and TST LAKELAND , LTD ., a Florida limited partnership (each a “ Seller ,” and collectively the " Sellers ”) entered into that certain Agreement of Sale dated December 19, 2007, as amended (collectively, the “ Purchase Agreement ”) wherein Assignor agreed to purchase each Seller’s Respective Property (as defined and more particularly described in the Purchase Agreement), on the terms and conditions set forth in the Purchase Agreement.

B. Assignor desires to a


 
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