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EXHIBIT 10.8
ASSIGNMENT AND ASSUMPTION OF LEASES
For and in consideration of Ten Dollars ($10.00) in hand paid, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, REAMES INVESTORS, L.L.C., a North Carolina limited liability company (Assignor), hereby assigns to INLAND DIVERSIFIED CHARLOTTE NORTHCREST, L.L.C., a Delaware limited liability company (Assignee), and its successors and assigns, and Assignee hereby assumes all of Assignors right, title and interest in, to and under those certain leases described on Exhibit A attached hereto and made a part hereof (the Leases), which Leases relate to that certain real property legally described on Exhibit B attached hereto and made a part hereof. Assignor shall remain responsible and liable for all liabilities and expenses and landlord obligations relating to the Leases that occurred and accrued prior to the effective date of this Assignment and Assumption of Leases (this Assignment). Assignee shall be responsible and liable for all liabilities and expenses and landlord obligations relating to the Leases that occur and accrue on or after the effective date of this Assignment.
IN WITNESS WHEREOF, Assignor and Assignee have executed and delivered this Assignment to be effective as of the 11th day of March, 2011.
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ASSIGNOR:
REAMES INVESTORS, L.L.C.,
a North Carolina limited liability company (SEAL)
By: /s/ John Collett
Name:
John Collett
Its: Manager
By:
Harris/Reames Land Investors, LLC,
a North Carolina limited liability company,
Its:
Manager (SEAL)
By:
The Harris Group of the Carolinas, Inc.,
a North Carolina corporation,
Its:
Manager
By: /s/ William A. MacNeil
Name: William A. MacNeil
Its: Executive Vice President
ASSIGNEE:
Inland Diversified Charlotte Northcrest, L.L.C.
a Delaware limited liability company
By: Inland Diversified Real Estate Trust, Inc.,
a Maryland corporation, its sole member
By: /s/ Sharon Anderson-Cox
Name: Sharon Anderson-Cox
Its: Vice President
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