[sheet: Commitment Overview]
Property # | Property Name | Target Entity | Address | City | State | Property Type | RSF | Commitment Number | Commitment Effective Date | Title Officer | Proposed Insured Amount | Policy Form | Existing Loan | Lender | Loan OPB | Schedule B-I Requirements Count | Schedule B-II Exceptions Count | Title Objections Raised | Objections Cured | Objections Remaining Open | Pro Forma Policy Approved | Overall Status | Notes
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | 4200 Fairfield Industrial Blvd | Fairburn | GA | Logistics | 412000 | CNT-2024-GA-00471 | 2024-02-15 | Kenneth Stanhope | $85,000,000 | ALTA Owner's Policy (2021) | Loan 1-A | Pinnacle Federal Bank, N.A. | $52,700,000 | 8 | 6 | 2 | 2 | 0 | Yes | Cleared — Pro Forma Approved
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | 4300 Fairfield Industrial Blvd | Fairburn | GA | Logistics | 387000 | CNT-2024-GA-00472 | 2024-02-15 | Kenneth Stanhope | $79,000,000 | ALTA Owner's Policy (2021) | Loan 1-B | Pinnacle Federal Bank, N.A. | $49,500,000 | 8 | 5 | 1 | 1 | 0 | Yes | Cleared — Pro Forma Approved
3 | Westlake Distribution Hub | GMP Westlake LLC | 11500 Westlake Parkway | Houston | TX | Logistics | 624000 | CNT-2024-TX-01138 | 2024-02-16 | Kenneth Stanhope | $115,000,000 | ALTA Owner's Policy (2021) | Loan 1-C | Pinnacle Federal Bank, N.A. | $78,200,000 | 9 | 7 | 3 | 3 | 0 | Yes | Cleared — Pro Forma Approved | De minimis REC noted in Phase I ESA — no title impact
4 | Katy Freeway Logistics Park | GMP Katy LLC | 22600 Katy Freeway | Katy | TX | Logistics | 538000 | CNT-2024-TX-01139 | 2024-02-16 | Kenneth Stanhope | $98,000,000 | ALTA Owner's Policy (2021) | Loan 1-D | Pinnacle Federal Bank, N.A. | $67,300,000 | 8 | 6 | 2 | 2 | 0 | Yes | Cleared — Pro Forma Approved
5 | Alliance Commerce Center | GMP Alliance LLC | 2800 Alliance Gateway Blvd | Fort Worth | TX | Logistics | 485000 | CNT-2024-TX-01140 | 2024-02-16 | Kenneth Stanhope | $90,000,000 | ALTA Owner's Policy (2021) | Loan 1-E | Pinnacle Federal Bank, N.A. | $60,800,000 | 9 | 7 | 2 | 2 | 0 | Yes | Cleared — Pro Forma Approved
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | 7100 Drane Field Road | Lakeland | FL | Logistics | 372000 | CNT-2024-FL-00693 | 2024-02-15 | Kenneth Stanhope | $68,000,000 | ALTA Owner's Policy (2021) | Loan 1-F | Pinnacle Federal Bank, N.A. | $46,500,000 | 8 | 6 | 1 | 1 | 0 | Yes | Cleared — Pro Forma Approved
7 | Southport Logistics Park | GMP Southport LLC | 3200 Southport Connector Road | Jacksonville | FL | Logistics | 410000 | CNT-2024-FL-00694 | 2024-02-15 | Kenneth Stanhope | $76,000,000 | ALTA Owner's Policy (2021) | Loan 1-G | Pinnacle Federal Bank, N.A. | $51,300,000 | 8 | 6 | 1 | 1 | 0 | Yes | Cleared — Pro Forma Approved
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | 1600 Joe B. Jackson Parkway | Murfreesboro | TN | Logistics | 502000 | CNT-2024-TN-00385 | 2024-02-16 | Kenneth Stanhope | $62,000,000 | ALTA Owner's Policy (2021) | Loan 1-H | Pinnacle Federal Bank, N.A. | $15,200,000 | 9 | 6 | 1 | 1 | 0 | Yes | Cleared — Pro Forma Approved
9 | Buckhead Place Office Tower | GMP Buckhead LLC | 3380 Peachtree Road NE | Atlanta | GA | Office | 285000 | CNT-2024-GA-00473 | 2024-02-15 | Kenneth Stanhope | $72,000,000 | ALTA Owner's Policy (2021) | Loan 2-A | Veltrano Capital Lending Corp. | $42,800,000 | 9 | 8 | 3 | 3 | 0 | Yes | Cleared — Pro Forma Approved | PCA immediate repair: $890,000 — no title impact
10 | SouthPark Corporate Center | GMP SouthPark LLC | 6200 Fairview Road | Charlotte | NC | Office | 218000 | CNT-2024-NC-00287 | 2024-02-16 | Kenneth Stanhope | $58,000,000 | ALTA Owner's Policy (2021) | Loan 2-B | Veltrano Capital Lending Corp. | $33,600,000 | 9 | 7 | 2 | 2 | 0 | Yes | Cleared — Pro Forma Approved
11 | Cool Springs Office Park | GMP Cool Springs LLC | 5000 Virginia Way | Brentwood | TN | Office | 196000 | CNT-2024-TN-00386 | 2024-02-16 | Kenneth Stanhope | $52,000,000 | ALTA Owner's Policy (2021) | Loan 2-C | Veltrano Capital Lending Corp. | $31,200,000 | 8 | 6 | 1 | 1 | 0 | Yes | Cleared — Pro Forma Approved
12 | Brickell Bay Office Building | GMP Brickell LLC | 1450 Brickell Avenue | Miami | FL | Office | 152000 | CNT-2024-FL-00695 | 2024-02-15 | Kenneth Stanhope | $60,000,000 | ALTA Owner's Policy (2021) | Loan 2-D | Veltrano Capital Lending Corp. | $34,700,000 | 9 | 7 | 1 | 1 | 0 | Yes | Cleared — Pro Forma Approved
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | 5900 Peachtree Industrial Blvd | Peachtree Corners | GA | Logistics | 345000 | CNT-2024-GA-00474 | 2024-02-15 | Kenneth Stanhope | $48,000,000 | ALTA Owner's Policy (2021) | Loan 3-A | Sycamore Life Insurance Company | $27,400,000 | 9 | 7 | 2 | 2 | 0 | Yes | Cleared — Pro Forma Approved
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | 400 South Mount Juliet Road | Mount Juliet | TN | Logistics | 298000 | CNT-2024-TN-00387 | 2024-02-16 | Kenneth Stanhope | $37,000,000 | ALTA Owner's Policy (2021) | Loan 3-B | Sycamore Life Insurance Company | $20,700,000 | 8 | 6 | 1 | 1 | 0 | Yes | Cleared — Pro Forma Approved
TOTALS | 5224000 | $1,100,000,000 | $611,900,000 | 119 | 90 | 23 | 23 | 0 | 14 of 14 | All Cleared
[sheet: Schedule B-I Requirements]
Property # | Property Name | Target Entity | State | Commitment Number | B-I Item # | Requirement Description | Responsible Party | Due Date | Status | Date Satisfied | Document Reference | Notes
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule | Premium allocated per C&H schedule; aggregate premiums $2,420,000
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Fairfield I LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Fairfield I LLC | Entity-level transfer of 100% membership interests
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form) | Executed by authorized officer of Greystone Meridian Capital LLC as GP
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller | Attaching GP resolutions, incumbency, organizational docs
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer | Board of Trustees resolutions authorizing $1.1B acquisition
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 6 | Lender consent to change of control from Pinnacle Federal Bank, N.A. (Loan 1-A) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-06-04 | Lender Consent — Pinnacle Federal Bank (Executed June 4, 2024) | Consent fee: $1,054,000 aggregate for Loans 1-A through 1-H
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 7 | Good standing certificate — GMP Fairfield I LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 8 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title | Gap coverage from commitment effective date through closing
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Fairfield II LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Fairfield II LLC | Entity-level transfer of 100% membership interests
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 6 | Lender consent to change of control from Pinnacle Federal Bank, N.A. (Loan 1-B) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-06-04 | Lender Consent — Pinnacle Federal Bank (Executed June 4, 2024)
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 7 | Good standing certificate — GMP Fairfield II LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 8 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Westlake LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Westlake LLC | Entity-level transfer of 100% membership interests
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 5 | Evidence of foreign qualification in Texas for GMP Westlake LLC | Seller | 2024-06-06 | Satisfied | 2024-05-20 | Texas foreign qualification certificate
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 6 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 7 | Lender consent to change of control from Pinnacle Federal Bank, N.A. (Loan 1-C) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-06-04 | Lender Consent — Pinnacle Federal Bank (Executed June 4, 2024)
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 8 | Good standing certificate — GMP Westlake LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 9 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Katy LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Katy LLC | Entity-level transfer of 100% membership interests
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 5 | Evidence of foreign qualification in Texas for GMP Katy LLC | Seller | 2024-06-06 | Satisfied | 2024-05-21 | Texas foreign qualification certificate
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 6 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 7 | Lender consent to change of control from Pinnacle Federal Bank, N.A. (Loan 1-D) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-06-04 | Lender Consent — Pinnacle Federal Bank (Executed June 4, 2024)
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 8 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Alliance LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Alliance LLC | Entity-level transfer of 100% membership interests
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 5 | Evidence of foreign qualification in Texas for GMP Alliance LLC | Seller | 2024-06-06 | Satisfied | 2024-05-20 | Texas foreign qualification certificate
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 6 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 7 | Lender consent to change of control from Pinnacle Federal Bank, N.A. (Loan 1-E) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-06-04 | Lender Consent — Pinnacle Federal Bank (Executed June 4, 2024)
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 8 | Good standing certificate — GMP Alliance LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 9 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Lakeland LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Lakeland LLC | Entity-level transfer of 100% membership interests
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 6 | Lender consent to change of control from Pinnacle Federal Bank, N.A. (Loan 1-F) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-06-04 | Lender Consent — Pinnacle Federal Bank (Executed June 4, 2024)
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 7 | Good standing certificate — GMP Lakeland LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 8 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Southport LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Southport LLC | Entity-level transfer of 100% membership interests
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 6 | Lender consent to change of control from Pinnacle Federal Bank, N.A. (Loan 1-G) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-06-04 | Lender Consent — Pinnacle Federal Bank (Executed June 4, 2024)
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 7 | Good standing certificate — GMP Southport LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 8 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Murfreesboro LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Murfreesboro LLC | Entity-level transfer of 100% membership interests
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 6 | Evidence of foreign qualification in Tennessee for GMP Murfreesboro LLC | Seller | 2024-06-06 | Satisfied | 2024-05-22 | Tennessee foreign qualification certificate
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 7 | Lender consent to change of control from Pinnacle Federal Bank, N.A. (Loan 1-H) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-06-04 | Lender Consent — Pinnacle Federal Bank (Executed June 4, 2024)
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 8 | Good standing certificate — GMP Murfreesboro LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 9 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Buckhead LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Buckhead LLC | Entity-level transfer of 100% membership interests
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 6 | Lender consent to change of control from Veltrano Capital Lending Corp. (Loan 2-A) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-05-17 | Lender Consent — Veltrano Capital (Executed May 17, 2024) | Consent fee: $711,500 aggregate for Loans 2-A through 2-D
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 7 | Good standing certificate — GMP Buckhead LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 8 | ALTA/NSPS survey certified to Buyer and Title Company | Buyer | 2024-06-06 | Satisfied | 2024-04-10 | ALTA/NSPS Survey — Meridian Land Surveying, Inc. | Survey by Daniel Caulfield, PLS, PE
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 9 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP SouthPark LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP SouthPark LLC | Entity-level transfer of 100% membership interests
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 6 | Evidence of foreign qualification in North Carolina for GMP SouthPark LLC | Seller | 2024-06-06 | Satisfied | 2024-05-19 | North Carolina foreign qualification certificate
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 7 | Lender consent to change of control from Veltrano Capital Lending Corp. (Loan 2-B) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-05-17 | Lender Consent — Veltrano Capital (Executed May 17, 2024)
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 8 | Good standing certificate — GMP SouthPark LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 9 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
11 | Cool Springs Office Park | GMP Cool Springs LLC | TN | CNT-2024-TN-00386 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
11 | Cool Springs Office Park | GMP Cool Springs LLC | TN | CNT-2024-TN-00386 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Cool Springs LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Cool Springs LLC | Entity-level transfer of 100% membership interests
11 | Cool Springs Office Park | GMP Cool Springs LLC | TN | CNT-2024-TN-00386 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
11 | Cool Springs Office Park | GMP Cool Springs LLC | TN | CNT-2024-TN-00386 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
11 | Cool Springs Office Park | GMP Cool Springs LLC | TN | CNT-2024-TN-00386 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
11 | Cool Springs Office Park | GMP Cool Springs LLC | TN | CNT-2024-TN-00386 | 6 | Lender consent to change of control from Veltrano Capital Lending Corp. (Loan 2-C) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-05-17 | Lender Consent — Veltrano Capital (Executed May 17, 2024)
11 | Cool Springs Office Park | GMP Cool Springs LLC | TN | CNT-2024-TN-00386 | 7 | Good standing certificate — GMP Cool Springs LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
11 | Cool Springs Office Park | GMP Cool Springs LLC | TN | CNT-2024-TN-00386 | 8 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
12 | Brickell Bay Office Building | GMP Brickell LLC | FL | CNT-2024-FL-00695 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
12 | Brickell Bay Office Building | GMP Brickell LLC | FL | CNT-2024-FL-00695 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Brickell LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Brickell LLC | Entity-level transfer of 100% membership interests
12 | Brickell Bay Office Building | GMP Brickell LLC | FL | CNT-2024-FL-00695 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
12 | Brickell Bay Office Building | GMP Brickell LLC | FL | CNT-2024-FL-00695 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
12 | Brickell Bay Office Building | GMP Brickell LLC | FL | CNT-2024-FL-00695 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
12 | Brickell Bay Office Building | GMP Brickell LLC | FL | CNT-2024-FL-00695 | 6 | Lender consent to change of control from Veltrano Capital Lending Corp. (Loan 2-D) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-05-17 | Lender Consent — Veltrano Capital (Executed May 17, 2024)
12 | Brickell Bay Office Building | GMP Brickell LLC | FL | CNT-2024-FL-00695 | 7 | Good standing certificate — GMP Brickell LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
12 | Brickell Bay Office Building | GMP Brickell LLC | FL | CNT-2024-FL-00695 | 8 | ALTA/NSPS survey certified to Buyer and Title Company | Buyer | 2024-06-06 | Satisfied | 2024-04-12 | ALTA/NSPS Survey — Meridian Land Surveying, Inc. | Survey by Daniel Caulfield, PLS, PE
12 | Brickell Bay Office Building | GMP Brickell LLC | FL | CNT-2024-FL-00695 | 9 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | GA | CNT-2024-GA-00474 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | GA | CNT-2024-GA-00474 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Peachtree LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Peachtree LLC | Entity-level transfer of 100% membership interests
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | GA | CNT-2024-GA-00474 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | GA | CNT-2024-GA-00474 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | GA | CNT-2024-GA-00474 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | GA | CNT-2024-GA-00474 | 6 | Lender consent to change of control from Sycamore Life Insurance Company (Loan 3-A) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-05-22 | Lender Consent — Sycamore Life Insurance (Executed May 22, 2024) | Consent fee: $60,125 aggregate for Loans 3-A and 3-B
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | GA | CNT-2024-GA-00474 | 7 | Good standing certificate — GMP Peachtree LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | GA | CNT-2024-GA-00474 | 8 | ALTA/NSPS survey certified to Buyer and Title Company | Buyer | 2024-06-06 | Satisfied | 2024-04-08 | ALTA/NSPS Survey — Meridian Land Surveying, Inc. | Survey by Daniel Caulfield, PLS, PE
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | GA | CNT-2024-GA-00474 | 9 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | TN | CNT-2024-TN-00387 | 1 | Payment of applicable title insurance premium | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Wire confirmation — title premium allocation schedule
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | TN | CNT-2024-TN-00387 | 2 | Delivery of executed Assignment and Assumption of Membership Interests in GMP Mount Juliet LLC | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Assignment and Assumption — GMP Mount Juliet LLC | Entity-level transfer of 100% membership interests
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | TN | CNT-2024-TN-00387 | 3 | Delivery of Seller's Title Affidavit (Owner's Affidavit) | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Title Affidavit — Seller (PSA Exhibit T form)
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | TN | CNT-2024-TN-00387 | 4 | Evidence of authority — Secretary's Certificate of Seller with resolutions and incumbency | Seller (GMP Fund III) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Seller
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | TN | CNT-2024-TN-00387 | 5 | Evidence of authority — Secretary's Certificate of Buyer with board resolutions | Buyer (Fairwater REIT) | 2024-06-06 | Satisfied | 2024-06-06 | Secretary's Certificate — Buyer
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | TN | CNT-2024-TN-00387 | 6 | Lender consent to change of control from Sycamore Life Insurance Company (Loan 3-B) | Seller/Buyer | 2024-06-06 | Satisfied | 2024-05-22 | Lender Consent — Sycamore Life Insurance (Executed May 22, 2024)
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | TN | CNT-2024-TN-00387 | 7 | Good standing certificate — GMP Mount Juliet LLC from Delaware Secretary of State | Seller | 2024-06-06 | Satisfied | 2024-05-28 | Delaware good standing certificate
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | TN | CNT-2024-TN-00387 | 8 | Gap indemnity / bring-down certification through closing date | Title Company | 2024-06-06 | Satisfied | 2024-06-06 | Gap Indemnity Letter — Commonwealth National Title
[sheet: Schedule B-II Exceptions]
Property # | Property Name | Target Entity | State | Commitment Number | B-II Item # | Exception Description | Exception Category | Permitted Exception per PSA Exhibit P | Objected by C&H | Objection Date | Seller Cure Proposed | Cure Accepted by Buyer | Cure Date | Final Disposition | Title Objection Letter Reference | Notes
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | 2024 estimated taxes: prorated at closing; annual estimate $14,760,000 portfolio-wide
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 2 | Easement in favor of Drayton Holdings for overhead electric lines, recorded in Deed Book 4218, Page 312, Fulton County Records | Easement | Yes | No | Remains as Permitted Exception | Utility easement — no material impact on use
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 3 | Deed of Trust securing indebtedness to Pinnacle Federal Bank, N.A. (Loan 1-A), recorded in Deed Book 5891, Page 1044, Fulton County Records | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt — $421,600,000 aggregate Pinnacle loans; change of control consent obtained June 4, 2024
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 4 | UCC Financing Statement filed by Pinnacle Federal Bank, N.A. against GMP Fairfield I LLC, File No. 2020-1234567, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Pinnacle loan collateral; UCC-3 amendment filings post-closing to update debtor information
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 5 | Declaration of Covenants, Conditions and Restrictions for Fairfield Industrial Park, recorded in Deed Book 3892, Page 445, Fulton County Records | Restrictive Covenant | Yes | No | Remains as Permitted Exception | Industrial park CC&Rs — consistent with logistics use
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | GA | CNT-2024-GA-00471 | 6 | Mechanic's lien claim filed by Apex Concrete Contractors Inc. in the amount of $47,500, recorded in Deed Book 6102, Page 218, Fulton County Records | Monetary Lien | No | Yes | 2024-03-27 | Seller to cause release and satisfaction prior to closing | Yes | 2024-04-22 | Removed at Closing | Title Objection Letter Item 1 | Mandatory cure item per PSA — mechanic's lien; lien release recorded prior to closing
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | Prorated at closing
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 2 | Easement in favor of Fulton County Water Authority for underground water and sewer lines, recorded in Deed Book 4310, Page 118, Fulton County Records | Easement | Yes | No | Remains as Permitted Exception | Utility easement — no material impact on use
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 3 | Deed of Trust securing indebtedness to Pinnacle Federal Bank, N.A. (Loan 1-B), recorded in Deed Book 5891, Page 1198, Fulton County Records | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 4 | UCC Financing Statement filed by Pinnacle Federal Bank, N.A. against GMP Fairfield II LLC, File No. 2020-1234589, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Pinnacle loan collateral
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | GA | CNT-2024-GA-00472 | 5 | Unrecorded access easement referenced in CC&Rs but no recorded instrument found in Fulton County Records | Easement | No | Yes | 2024-03-27 | Seller to locate and provide recorded easement agreement or affidavit | Yes | 2024-04-19 | Cured by Affidavit | Title Objection Letter Item 2 | Recorded easement located and provided; seller affidavit delivered
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | Prorated at closing
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 2 | Easement in favor of Fenmore Corporation for underground gas pipeline, recorded in Volume 2019, Page 44218, Harris County Official Public Records | Easement | Yes | No | Remains as Permitted Exception | Utility easement — no material impact on use
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 3 | Deed of Trust securing indebtedness to Pinnacle Federal Bank, N.A. (Loan 1-C), recorded in Volume 2020, Page 89102, Harris County Official Public Records | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 4 | Encroachment of concrete retaining wall (approximately 1.8 feet) onto adjacent parcel as shown on ALTA/NSPS survey dated March 2024 by Meridian Land Surveying, Inc. (Daniel Caulfield, PLS, PE) | Encroachment | No | Yes | 2024-03-27 | Seller to obtain encroachment agreement from adjacent owner | Yes | 2024-04-15 | Endorsed Over | Title Objection Letter Item 3 | Survey-identified encroachment; endorsed over with survey endorsement
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 5 | Mechanic's lien claim filed by Gulf Coast Roofing Systems LLC in the amount of $89,200, recorded in Volume 2024, Page 12045, Harris County Official Public Records | Monetary Lien | No | Yes | 2024-03-27 | Seller to cause release and satisfaction prior to closing | Yes | 2024-04-20 | Removed at Closing | Title Objection Letter Item 4 | Mandatory cure item per PSA — mechanic's lien release recorded
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 6 | UCC Financing Statement filed by Pinnacle Federal Bank, N.A. against GMP Westlake LLC, File No. 2020-2345678, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Pinnacle loan collateral
3 | Westlake Distribution Hub | GMP Westlake LLC | TX | CNT-2024-TX-01138 | 7 | Restrictive covenant limiting use to industrial/warehouse purposes, recorded in Volume 2015, Page 33012, Harris County Official Public Records | Restrictive Covenant | No | Yes | 2024-03-27 | Seller to confirm covenant consistent with intended use; buyer to accept as permitted | Yes | 2024-04-11 | Remains as Permitted Exception | Title Objection Letter Item 5 | Covenant consistent with logistics use; reclassified as permitted exception upon review
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | Prorated at closing
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 2 | Easement in favor of Harris County Flood Control District for drainage, recorded in Volume 2018, Page 56781, Harris County Official Public Records | Easement | Yes | No | Remains as Permitted Exception | Drainage easement — no material impact on use
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 3 | Deed of Trust securing indebtedness to Pinnacle Federal Bank, N.A. (Loan 1-D), recorded in Volume 2020, Page 89340, Harris County Official Public Records | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 4 | UCC Financing Statement filed by Pinnacle Federal Bank, N.A. against GMP Katy LLC, File No. 2020-2345690, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Pinnacle loan collateral
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 5 | Mechanic's lien claim filed by Lone Star Electrical Services Inc. in the amount of $31,750, recorded in Volume 2024, Page 14220, Harris County Official Public Records | Monetary Lien | No | Yes | 2024-03-27 | Seller to cause release and satisfaction prior to closing | Yes | 2024-04-21 | Removed at Closing | Title Objection Letter Item 6 | Mandatory cure item per PSA — mechanic's lien release recorded
4 | Katy Freeway Logistics Park | GMP Katy LLC | TX | CNT-2024-TX-01139 | 6 | Encroachment of parking lot striping and curbing (approximately 0.5 feet) onto utility easement per ALTA/NSPS survey | Encroachment | No | Yes | 2024-03-27 | Seller to obtain affidavit from utility company confirming no objection | Yes | 2024-04-18 | Insured Over | Title Objection Letter Item 7 | De minimis encroachment; insured over by Commonwealth National Title
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | Prorated at closing
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 2 | Easement in favor of Pinnacle Partners LLC for overhead electric transmission lines, recorded in Volume 2017, Page 29810, Tarrant County Records | Easement | Yes | No | Remains as Permitted Exception | Utility easement — no material impact on use
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 3 | Deed of Trust securing indebtedness to Pinnacle Federal Bank, N.A. (Loan 1-E), recorded in Volume 2020, Page 67450, Tarrant County Records | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 4 | UCC Financing Statement filed by Pinnacle Federal Bank, N.A. against GMP Alliance LLC, File No. 2020-2345712, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Pinnacle loan collateral
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 5 | Declaration of Covenants for Alliance Gateway Development, recorded in Volume 2016, Page 18340, Tarrant County Records | Restrictive Covenant | Yes | No | Remains as Permitted Exception | Industrial park CC&Rs — consistent with logistics use
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 6 | Expired lis pendens against prior owner (dismissed litigation), recorded in Volume 2022, Page 41220, Tarrant County Records — no release of lis pendens recorded | Other | No | Yes | 2024-03-27 | Seller to record release of lis pendens | Yes | 2024-04-16 | Removed at Closing | Title Objection Letter Item 8 | Lis pendens release recorded; underlying litigation dismissed with prejudice in 2023
5 | Alliance Commerce Center | GMP Alliance LLC | TX | CNT-2024-TX-01140 | 7 | Encroachment of loading dock ramp (approximately 2.1 feet) onto adjacent parcel per ALTA/NSPS survey | Encroachment | No | Yes | 2024-03-27 | Seller to obtain encroachment easement from adjacent owner | Yes | 2024-04-24 | Endorsed Over | Title Objection Letter Item 9 | Survey endorsement issued by Commonwealth National Title
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | Prorated at closing
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 2 | Easement in favor of Thackeray Partners LLC for underground utility lines, recorded in O.R. Book 4892, Page 1102, Polk County Records | Easement | Yes | No | Remains as Permitted Exception | Utility easement — no material impact on use
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 3 | Mortgage securing indebtedness to Pinnacle Federal Bank, N.A. (Loan 1-F), recorded in O.R. Book 5210, Page 334, Polk County Records | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 4 | UCC Financing Statement filed by Pinnacle Federal Bank, N.A. against GMP Lakeland LLC, File No. 2020-3456789, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Pinnacle loan collateral
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 5 | Declaration of Covenants for Drane Field Industrial Park, recorded in O.R. Book 4520, Page 890, Polk County Records | Restrictive Covenant | Yes | No | Remains as Permitted Exception | Industrial park CC&Rs — consistent with logistics use
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | FL | CNT-2024-FL-00693 | 6 | Judgment lien in the amount of $22,800 recorded against GMP Lakeland LLC by Sunbelt Paving Corp., recorded in O.R. Book 5401, Page 219, Polk County Records | Judgment | No | Yes | 2024-03-27 | Seller to satisfy judgment and record satisfaction | Yes | 2024-04-17 | Removed at Closing | Title Objection Letter Item 10 | Mandatory cure item — judgment satisfied and recorded
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | Prorated at closing
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 2 | Easement in favor of JEA for water and sewer infrastructure, recorded in O.R. Book 18920, Page 445, Duval County Records | Easement | Yes | No | Remains as Permitted Exception | Utility easement — no material impact on use
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 3 | Mortgage securing indebtedness to Pinnacle Federal Bank, N.A. (Loan 1-G), recorded in O.R. Book 19210, Page 780, Duval County Records | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 4 | UCC Financing Statement filed by Pinnacle Federal Bank, N.A. against GMP Southport LLC, File No. 2021-3456801, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Pinnacle loan collateral
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 5 | Stormwater management easement in favor of St. Johns River Water Management District, recorded in O.R. Book 18200, Page 112, Duval County Records | Easement | Yes | No | Remains as Permitted Exception | Environmental/stormwater easement — consistent with use
7 | Southport Logistics Park | GMP Southport LLC | FL | CNT-2024-FL-00694 | 6 | Mechanic's lien claim filed by Coastal Concrete LLC in the amount of $38,900, recorded in O.R. Book 19450, Page 330, Duval County Records | Monetary Lien | No | Yes | 2024-03-27 | Seller to cause release and satisfaction prior to closing | Yes | 2024-04-23 | Removed at Closing | Title Objection Letter Item 11 | Mandatory cure item per PSA — mechanic's lien release recorded
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | Prorated at closing
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 2 | Easement in favor of Murfreesboro Electric Department for overhead electric lines, recorded in Book 1820, Page 445, Rutherford County Register's Office | Easement | Yes | No | Remains as Permitted Exception | Utility easement — no material impact on use
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 3 | Deed of Trust securing indebtedness to Pinnacle Federal Bank, N.A. (Loan 1-H), recorded in Book 2010, Page 892, Rutherford County Register's Office | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 4 | UCC Financing Statement filed by Pinnacle Federal Bank, N.A. against GMP Murfreesboro LLC, File No. 2020-4567890, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Pinnacle loan collateral
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 5 | Declaration of Covenants for Jackson Parkway Commerce Center, recorded in Book 1690, Page 220, Rutherford County Register's Office | Restrictive Covenant | Yes | No | Remains as Permitted Exception | Industrial park CC&Rs — consistent with logistics use
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | TN | CNT-2024-TN-00385 | 6 | Survey deficiency — discrepancy in legal description metes and bounds vs. recorded plat (0.03-acre variance) | Survey Deficiency | No | Yes | 2024-03-27 | Seller to provide corrective deed or surveyor's affidavit reconciling legal description | Yes | 2024-04-19 | Cured by Affidavit | Title Objection Letter Item 12 | Surveyor's affidavit by Meridian Land Surveying reconciling discrepancy
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | Prorated at closing
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 2 | Easement in favor of Sterling Reach Holdings for underground gas lines, recorded in Deed Book 4890, Page 671, Fulton County Records | Easement | Yes | No | Remains as Permitted Exception | Utility easement — no material impact on use
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 3 | Deed to Secure Debt in favor of Veltrano Capital Lending Corp. (Loan 2-A), recorded in Deed Book 5410, Page 334, Fulton County Records | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt; Veltrano consent received May 17, 2024
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 4 | UCC Financing Statement filed by Veltrano Capital Lending Corp. against GMP Buckhead LLC, File No. 2021-5678901, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Veltrano loan collateral
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 5 | Judgment lien against prior owner (Peachtree Holdings Group Inc.) — satisfaction of judgment not yet recorded, Deed Book 6050, Page 892, Fulton County Records | Judgment | No | Yes | 2024-03-27 | Seller to provide recorded satisfaction of judgment | Yes | 2024-04-18 | Removed at Closing | Title Objection Letter Item 13 | Mandatory cure item — judgment against Target Entity predecessor; satisfaction recorded
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 6 | Restrictive covenant limiting building height to 25 stories, recorded in Deed Book 3200, Page 110, Fulton County Records | Restrictive Covenant | Yes | No | Remains as Permitted Exception | Existing building is 18 stories — no impact
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 7 | Encroachment of HVAC equipment platform (approximately 1.2 feet) into setback area per ALTA/NSPS survey | Encroachment | No | Yes | 2024-03-27 | Seller to obtain variance confirmation from City of Atlanta | Yes | 2024-04-22 | Endorsed Over | Title Objection Letter Item 14 | Survey endorsement issued by Commonwealth National Title
9 | Buckhead Place Office Tower | GMP Buckhead LLC | GA | CNT-2024-GA-00473 | 8 | Parking easement agreement with adjacent property owner (Buckhead Tower Associates LLC), recorded in Deed Book 5100, Page 445, Fulton County Records | Easement | No | Yes | 2024-03-27 | Seller to confirm easement terms and provide estoppel from adjacent owner | Yes | 2024-04-20 | Remains as Permitted Exception | Title Objection Letter Item 15 | Estoppel obtained; reclassified as permitted exception upon buyer review
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 1 | Real property taxes for the year 2024, not yet due and payable | Tax | Yes | No | Remains as Permitted Exception | Prorated at closing
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 2 | Easement in favor of Ostrander & Co. for underground electric lines, recorded in Book 9010, Page 234, Mecklenburg County Registry | Easement | Yes | No | Remains as Permitted Exception | Utility easement — no material impact on use
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 3 | Deed of Trust securing indebtedness to Veltrano Capital Lending Corp. (Loan 2-B), recorded in Book 9214, Page 588, Mecklenburg County Registry | Mortgage | Yes | No | Remains as Permitted Exception | Assumed debt; Veltrano consent received May 17, 2024
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 4 | UCC Financing Statement filed by Veltrano Capital Lending Corp. against GMP SouthPark LLC, File No. 2021-5678923, Delaware Secretary of State | UCC | Yes | No | Remains as Permitted Exception | Related to Veltrano loan collateral
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 5 | Declaration of Covenants for SouthPark Corporate Park, recorded in Book 8100, Page 990, Mecklenburg County Registry | Restrictive Covenant | Yes | No | Remains as Permitted Exception | Office park CC&Rs — consistent with office use
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 6 | Delinquent 2023 supplemental property tax assessment in the amount of $8,450, Mecklenburg County Tax Office | Delinquent Tax | No | Yes | 2024-03-27 | Seller to pay delinquent taxes and provide paid receipt | Yes | 2024-04-12 | Removed at Closing | Title Objection Letter Item 16 | Mandatory cure item per PSA — delinquent taxes paid by Seller
10 | SouthPark Corporate Center | GMP SouthPark LLC | NC | CNT-2024-NC-00287 | 7 | Encroachment of decorative landscaping wall (approximately 0.8 feet)