Rental revenue is recorded on a contractual basis under the liquidation basis of accounting. Huron Mall Shopping Center. Net cash provided by operating activities. Financial Statements and Supplementary Data.
Recent SEC Filings
G Reit Liquidating Trust Grantor Letter Tax Incoming Letter
The arbitrator is without jurisdiction to apply any substantive law other than the laws selected or otherwise expressly provided in this Agreement. Springtown Mall Shopping Center. It is not clear under current law the extent, if any, that such parties will have a fiduciary duty to us or our beneficiaries. Our Advisor received no fees from the sale of the property.
Limitations on Liquidating REITs
Distributions received in excess of equity in earnings from investments in unconsolidated real estate. We are in the process of working with the lender to finalize the terms of the transfer of this obligation. Accordingly, there is no provision for federal or state income taxes in the accompanying consolidated financial statements. Under the terms of the Advisory Agreement, our advisor or its affiliate may receive acquisition and disposition fees in connection with the acquisition or disposition of our properties.
Pahrump Valley Junction Shopping Center. Accounts payable and accrued liabilities. Fleet Wallace, dating sims for steam and Gary T.
Limitations on Liquidating REITs
We believe that we will have sufficient capital resources to satisfy our liquidity needs during the liquidation period. Such investments included, for example, dating certificates of deposit and interest-bearing bank deposits. Risks Associated with Our Liquidation.
Net decrease increase in fair value. Additionally, our advisor paid to each of Scott D. Clearview is in the process of proceeding with an appeal, and we are proceeding with our collection efforts. Dollar Amount of Cash Generated from Operations. If we fail to meet our financial performance covenants and are unable to reach a satisfactory resolution with the lenders, the maturity dates for the secured notes could be accelerated.
Tax implications of a liquidating trust A liquidating trust is generally considered a grantor trust for tax purposes. If we are unable to find buyers for our remaining assets at our expected sales prices, our liquidating distributions may be delayed or reduced. The remaining assets and liabilities are transferred into the newly formed trust and the former owners of the liquidating fund become unit holders or beneficiaries of the trust. Our Trustees may amend the plan of liquidation without further beneficiary approval. Our Trustees have the authority to sell any and all of our remaining assets on such terms and to such parties as our Trustees determine in their sole discretion.
List of Improvements and Personal Property. Submission of Matters to a Vote of Security Holders. We refer to our indirect interest in the Congress Center property as.
DBSI Liquidating Trusts
- Other adjustments to our assets and liabilities have also been made to reflect this disposition.
- Loss from Discontinued Operations.
- Should an uninsured or underinsured loss occur, we could lose all or a portion of our investment in, and anticipated cash flows from, one or more of our properties.
- Scheduled Lease Expirations.
- Cash and cash equivalents consist of all highly liquid investments with a maturity of three months or less when purchased.
Income loss from discontinued operations. Seller is in compliance with the requirements of Executive Order No. Bank of America Plaza West. Real Estate Acquisition Fee. Our Trustees may amend the plan of liquidation without further beneficiary approval, to the extent permitted by Maryland law.
Proceeds from sale of real estate operating property. Two of these consolidated properties were located in Texas and one was located in California. If we do not prevail in any such a lawsuit which may be filed against us in the future, we may be liable for damages.
Additionally, win the plan of liquidation provides that we may sell our remaining asset to one of our affiliates or an affiliate of our advisor. Net increase in fair value. Our advisor may employ persons or firms to carry out all or any portion of our business.
Principal repayments under credit facility, mortgages payable and other debt. These laws could impose liability without regard to whether we are responsible for the presence or release of the hazardous materials. In accordance with the plan of liquidation, pisces man dating a pisces we currently consider various factors when evaluating potential property dispositions.
The deficiency was covered by existing reserves which were replenished in when the corresponding tax reimbursements were billed and collected. We will instead, seek to refinance such debt at maturity or retire such debt through the disposition of the underlying property. The nature and results of these investments were not fully and accurately disclosed in the tables. Bryant Ranch Shopping Center. The source for payment of these distributions was funds from operating activities and proceeds from the sales of properties.
Investmark Advisory Group
Commitments and Contingencies. Organization and Description of Business. Number of consolidated properties. Decreases in property values may reduce the amount that we receive upon a sale of our remaining assets. We do not enter into derivative or interest rate transactions for speculative purposes.
Net cash used in financing activities. In our opinion, all adjustments necessary to reflect the disposition have been made. Real Estate Disposition Fee. Seller has not requested any extension of time or agreed to any extension of the applicable statue of limitations within which to file any pending Tax Return. These costs are estimated and are expected to be paid out over the estimated liquidation period.
- Every payment of liquidating distributions will be subject to the availability of cash and the discretion of our Trustees.
- Wescombe Chairman of the Trustees.
- Sample Contracts Such gain or loss is measured by the difference between the fair value of the liquidating distribution and the owner's adjusted basis in the corporation.
Our advisor manages our day-to-day business affairs and assets and carries out the directives of our Trustees, pursuant to an advisory agreement, or the Advisory Agreement. These estimates include projections of costs and expenses expected to be incurred during. Seller shall be obligated in all events to pay in full at or before Closing the outstanding principal and interest of all of Existing Loans.