G reit liquidating trust annual report brenda song and david henrie dating

The Special Units entitle IIT’s Sponsor to receive 15% of each distribution of “Net Sale Proceeds” (as defined below), while the Trust is entitled to receive 85% of Net Sale Proceeds and 100% of any other distributions.The Liquidating Company’s limited liability company agreement generally defines Net Sale Proceeds to be the proceeds of any sale or disposition transaction with respect to any of our properties or any other asset or portion thereof, less selling expenses and secured indebtedness repaid or assumed in connection with the transaction, together with any other available amounts that the Trust, as managing member of the Liquidating Company, determines to be economically equivalent to sale proceeds, such as proceeds from any loan that are available for distribution.An affiliate of Industrial Income Advisors Group LLC (“IIT’s Sponsor”), which was the owner of IIT’s external advisor, owns the additional interests in the Liquidating Company.These interests are special units (the “Special Units”) that are intended to be consistent in economic effect to the special partnership units that IIT’s Sponsor previously held in Industrial Income Operating Partnership LP, which was IIT’s operating partnership.

This Annual Report on Form 10-K includes certain statements that may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).In conjunction with the end of our 2016 fiscal year, our board of trustees reviewed our original valuation estimates, with the input and assistance of management, to determine whether an update was warranted.As a result of this process, our board of trustees has updated certain market metrics and assumptions and concluded that an estimated [[

This Annual Report on Form 10-K includes certain statements that may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

In conjunction with the end of our 2016 fiscal year, our board of trustees reviewed our original valuation estimates, with the input and assistance of management, to determine whether an update was warranted.

As a result of this process, our board of trustees has updated certain market metrics and assumptions and concluded that an estimated $0.56 net per unit of beneficial interest would be paid in cash upon consummation of the sale of all of our properties (net of certain estimated expenses).

The Trust holds its 11 properties through its ownership of 100% of the common membership interests in the Liquidating Company, which indirectly wholly owns each of the properties.

The Trust acts as managing member of the Liquidating Company.

||

This Annual Report on Form 10-K includes certain statements that may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).In conjunction with the end of our 2016 fiscal year, our board of trustees reviewed our original valuation estimates, with the input and assistance of management, to determine whether an update was warranted.As a result of this process, our board of trustees has updated certain market metrics and assumptions and concluded that an estimated $0.56 net per unit of beneficial interest would be paid in cash upon consummation of the sale of all of our properties (net of certain estimated expenses).The Trust holds its 11 properties through its ownership of 100% of the common membership interests in the Liquidating Company, which indirectly wholly owns each of the properties.The Trust acts as managing member of the Liquidating Company.Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements.Factors that could have a material adverse effect on our operations and future results include, but are not limited to: The failure to achieve the desired tax impact of the transactions contemplated with respect to the liquidating trust and resultant tax treatment relating to, arising from or incurred in connection with such transactions; Any of the assumptions underlying forward-looking statements could prove to be inaccurate.IIT operated and elected to be treated as a REIT for U. federal income tax purposes, commencing with its taxable year ended December 31, 2010.On November 4, 2015, IIT completed the Merger with Western Logistics.There can be no assurance regarding the amount of cash that ultimately will be distributed to beneficiaries or the timing of our liquidation.On November 3, 2015, in accordance with certain provisions of the merger agreement (the “Merger Agreement”), which provisions (together with the Liquidating Trust Agreement (as defined below)) we refer toherein as our “plan of liquidation,” IIT contributed the Trust’s properties to DC Liquidating Assets Holdco LLC (the “Liquidating Company”) in exchange for all of the common equity interests in the Liquidating Company.

]].56 net per unit of beneficial interest would be paid in cash upon consummation of the sale of all of our properties (net of certain estimated expenses).The Trust holds its 11 properties through its ownership of 100% of the common membership interests in the Liquidating Company, which indirectly wholly owns each of the properties.The Trust acts as managing member of the Liquidating Company.Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements.Factors that could have a material adverse effect on our operations and future results include, but are not limited to: The failure to achieve the desired tax impact of the transactions contemplated with respect to the liquidating trust and resultant tax treatment relating to, arising from or incurred in connection with such transactions; Any of the assumptions underlying forward-looking statements could prove to be inaccurate.IIT operated and elected to be treated as a REIT for U. federal income tax purposes, commencing with its taxable year ended December 31, 2010.On November 4, 2015, IIT completed the Merger with Western Logistics.There can be no assurance regarding the amount of cash that ultimately will be distributed to beneficiaries or the timing of our liquidation.On November 3, 2015, in accordance with certain provisions of the merger agreement (the “Merger Agreement”), which provisions (together with the Liquidating Trust Agreement (as defined below)) we refer toherein as our “plan of liquidation,” IIT contributed the Trust’s properties to DC Liquidating Assets Holdco LLC (the “Liquidating Company”) in exchange for all of the common equity interests in the Liquidating Company.

Leave a Reply

Your email address will not be published. Required fields are marked *

One thought on “g reit liquidating trust annual report”