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ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT

Assumption Agreement

ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT | Document Parties: GRUBB & ELLIS HEALTHCARE REIT, INC. | Fraze Enterprises, Inc | G&E HEALTHCARE REIT LINCOLN PARK BOULEVARD, LLC | TRIPLE NET PROPERTIES, LLC You are currently viewing:
This Assumption Agreement involves

GRUBB & ELLIS HEALTHCARE REIT, INC. | Fraze Enterprises, Inc | G&E HEALTHCARE REIT LINCOLN PARK BOULEVARD, LLC | TRIPLE NET PROPERTIES, LLC

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Title: ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT
Date: 12/28/2007

ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT, Parties: grubb & ellis healthcare reit  inc. , fraze enterprises  inc , g&e healthcare reit lincoln park boulevard  llc , triple net properties  llc
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ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT

THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT (this “ Assignment ”) dated as of December 20, 2007, is made and entered into by and between TRIPLE NET PROPERTIES , LLC , a Virginia limited liability company (“ Assignor ”), and G&E HEALTHCARE REIT LINCOLN PARK BOULEVARD , LLC , a Delaware limited liability company (“ Assignee ”), with reference to the following Recitals:

R E C I T A L S

A. Assignor is “Buyer” under that certain Purchase Agreement mutually executed as of November 12, 2007, by and between Assignor and Fraze Enterprises, Inc., an Ohio nonprofit corporation, as the same may be amended (the “ Purchase Agreement ”), wherein Assignor agreed to purchase certain real property commonly known as Park Place Office Park, as more particularly described in the Purchase Agreement, on the terms and conditions set forth in the Purchase Agreement.

B. Assignor desires to assign and transfer to Assignee, and Assignee desires to assume from Assignor, all of Assignor’s r


 
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