Liquidating distribution reit Hot xxx chatsite nigerian
Forward-looking statements are typically identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “continues,” “pro forma,” “may,” “will,” “seeks,” “should” and “could,” and words and terms of similar substance in connection with discussions of future operating or financial performance, business strategy and portfolios, projected growth prospects, cash flows, costs and financing needs, legal proceedings, amount and timing of anticipated future distributions, estimated per share net asset value of the Company’s common stock, and/or other matters.
The Company’s forward-looking statements are not guarantees of future performance.
Mauldin, president and CEO of CNL Growth Properties.
“We are quite pleased with the performance and outcome of this investment vehicle, which was in large part driven by the high quality of the portfolio that was created and the exceptional relationships we have worked hard to create with our carefully selected development partners.
I’m pleased to announce that on October 5, 2016, KBS Real Estate Investment Trust, Inc.’s (the “REIT”) board of directors approved a plan of liquidation to sell all of the REIT’s remaining assets, distribute the net proceeds from liquidation to stockholders and dissolve the REIT.
This plan is subject to stockholder approval and you will soon be receiving a proxy statement in the mail with details of the proposed liquidation for your consideration.
During its life cycle, CNL Growth Properties developed from the ground up, 17 Class A rental communities in nine states with eight leading development partners.
Total development costs were 3.6 million for the 17 projects, creating 4,930 new dwelling units in aggregate.
The shareholders who invested in April 2014 have received an additional 0.034 shares for each share originally purchased and will receive a total of .45 in distributions for each invested.
Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than billion in assets. The Company intends that such forward-looking statements be subject to the safe harbor created by Section 21E of the Securities Exchange Act of 1934, as amended.