Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / letter-of-intent-executed.docx
letter-of-intent-executed.docx
Parties
Greystone Meridian Capital LLC
GMP Fairfield II LLC
GMP Westlake LLC
GMP Katy LLC
GMP Alliance LLC
GMP Lakeland LLC
GMP Southport LLC
GMP Murfreesboro LLC
Dates
October 18, 2023
December 31, 2023
November 15, 2023
December 15, 2023
January 31, 2024
October 10, 2023
July 1, 2028
September 15, 2020
March 1, 2029
February 1, 2021
Amounts
$74,800,000
$1,100,000,000
$612,000,000
$488,000,000
$27,500,000
$55,000,000
$59,840,000
$1,500,000
$110,000,000
$5,500,000
Obligations
Buyer's primary point of contact for all matters related to this proposed transaction shall be Marcus Devereaux, Executive Vice President, Acquisitions
Purchase Price The aggregate purchase price for the Membership Interests in all fourteen (14) Target Entities shall be One Billion One Hundred Million Dollars ($1,100,000,000) (the "Purchase Price")
$1,100,000,000 minus the assumed debt of approximately $612,000,000), shall be paid by Buyer to Seller in immediately available funds at closing (the "Cash Consideration")
The Purchase Price shall be subject to customary prorations and adjustments at closing, including without limitation prorations for real property taxes, common area maintenance and operating expense reconciliations, utility charges, and other income and expense items, as more fully described in Section 11 below and as shall be set forth in detail in the PSA
The Purchase Price shall be allocated among the fourteen (14) properties based on appraised values to be mutually agreed upon by the parties in the PSA
If the parties are unable to agree on a mutually acceptable allocation, the allocation shall be determined by a nationally recognized independent appraisal firm to be jointly retained by Buyer and Seller, the costs of which shall be split equally between the parties