Exhibit 10.5
September 11, 2006
Via: UPS overnight delivery |
Mr. Gus R. Rempies
Triple Net Properties, LLC
C/O ROC Realty Advisors, LLC
1606 Santa Rosa Drive
Suite 109
Richmond, VA 23229
Triple Net Properties, LLC
C/O ROC Realty Advisors, LLC
1606 Santa Rosa Drive
Suite 109
Richmond, VA 23229
Re: | Contract of Sale (the “Contract”) by and between TR Hidden Lake Partners, Ltd. (“Seller”) and Triple Net Properties, LLC (“Buyer”) with Effective Date of May 8, 2005. |
In accordance with the requirements of Section 4.(a) of the Contract, Seller is to Buyer the attached certificates of occupancy for the four(4)new buildings located at Hidden Lake Apartments in San Antonio. As a result, the “Closing Date” is now established to be October 12, 2006.
Very truly yours,
TR Hidden Lake Partners, Ltd., a
Texas limited partnership
Texas limited partnership
By: | TRDC Hidden Lake Partners, Ltd., a Texas limited partnership, | |||||||
its general partner | ||||||||
By: | Thompson Realty Development Corporation, a Texas | |||||||
corporation, its general partner | ||||||||
By: |
cc: | David F. Belkowitz, Esq. | Debby Moore | ||
Hirschler Fleischer | Land America Title Company | |||
701 East Bryan Street | 8201 Preston Road | |||
15th Floor | Suite 280 | |||
Richmond, VA 23219 | Dallas, TX 75225 |
2505 North Plano Road Suite 3000 Richardson, Texas 75082
Telephone 972-644-2400 FAX972-644-2411
Telephone 972-644-2400 FAX972-644-2411