cash purchase

cash purchase

A property acquisition with no financing. Even without a financing contingency, it is important for real estate contracts to specify if there will be a cash purchase or a financed purchase, because the two represent vastly different responsibilities on the part of the closing company.

Mentioned in ?
References in periodicals archive ?
CHICAGO -- Equity Residential (NYSE:EQR), today announced that the company has completed the previously announced sale of its Lexford Housing Division to affiliates of Empire Group Holdings LLC, a privately held company based in Montvale, New Jersey, for a cash purchase price of $1.
Changes over the last quarter include marginal increases for both Cash Purchase and Geared Investments in London and the South West.
The add-on to the term loan and a portion of the revolver were used to finance the cash purchase.
They put the North West of England at the top of the league for returns on both a cash purchase investment, at 10.
In approving the amendment to the merger agreement, the Board of Trustees of Equity Office took into account a number of factors, including (i) the fact that the increased all cash purchase price offered by Blackstone exceeded the stated value proposed by the Third Party Group, (ii) the greater speed and certainty of closing and valuation of the Blackstone transaction, as compared to the Third Party Group proposal, and (iii) the fact that the amended termination fee, which represents only 2.
Also of significance, the Service's use of the cash purchase model is a departure from the approach taken in Letter Ruling (TAM) 9822002.
London -- London, March 24 /PRNewswire/ -- The quarterly ARLA Index of Returns on Buy to Let for the Cash Purchase of a Buy to Let property stands at 98.
AMEX: PAG) announced today that it has adopted a dividend reinvestment and optional cash purchase plan for its shareholders, allowing shareholders to automatically reinvest their dividends in the company's common stock, as well as providing shareholders owning at least 500 shares of common stock the opportunity to purchase between $100 and $5,000 of additional shares per calendar quarter through an optional cash purchase program.
May 5 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC), a Farmington Hills-based real estate investment trust, today announced it has adopted a dividend reinvestment and optional cash purchase plan, effective with the 1995 second quarter dividend payment cycle.
Shareholders participating in Liberty All-Star Growth Fund's Dividend Reinvestment Plan and Cash Purchase Plan will receive shares purchased for them on the open market by the Plan Agent (if the shares are trading at a discount from their net asset value) or issued to them by the Fund (if the shares are trading at or above their net asset value).
Shareholders participating in Liberty All-Star Equity Fund's Dividend Reinvestment Plan and Cash Purchase Plan will receive shares purchased for them on the open market by the Plan Agent (if the shares are trading at a discount from their net asset value) or issued to them by the Fund (if the shares are trading at or above their net asset value).
Under the merger agreement, GRR Acquisition is obligated to use its best efforts to obtain financing on terms contemplated at the time of the original merger agreement that would permit it to consummate the acquisition at the cash purchase price of $9.