Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - First Capital Real Estate Trust Inc | v455678_ex10-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 22, 2016
First Capital Real Estate Trust Incorporated
(Exact Name of Registrant as Specified in Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
| 333-178651 | 45-3770595 | |
| (Commission File Number) | (IRS Employer Identification No.) |
60 Broad Street 34th Floor New York, NY 10004
(Address, including zip code, of Principal Executive Offices)
(212) 388-6800
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 1.01. | Entry into a Material Definitive Agreement. |
Tilden Disposition
On December 22, 2016, 2520 Tilden Fee, LLC (“the Seller”), an indirect subsidiary of First Capital Real Estate Trust Incorporated (the “Company”), finalized the prerequisite conditions for the sale (the “Disposition”), and closed its sale, of that certain real property and improvements located thereon known as 2520 Tilden Avenue, Brooklyn, New York (the “Property”) pursuant to the Purchase and Sale Agreement (the “Agreement”) between the Seller and EBF Tilden Avenue, LLC (the “Buyer”). The Buyer does not have a material relationship with the Company, the Company’s operating partnership, sponsor or advisor or any of their respective affiliates, and the Disposition was not an affiliated transaction.
Pursuant to the terms of the Agreement, the Buyer agreed to purchase the Property for a contract price of $31.0 million. The foregoing description of the Agreement is a summary only and is qualified in its entirety by reference to the complete text of the Agreement and the exhibits thereto, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
| Item 2.01. | Completion of Acquisition or Disposition of Assets. |
The information in Item 1.01 is incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit No. | Description | |
| 10.1 | Purchase and Sale Agreement, dated as of November 11, 2016 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIRST CAPITAL REAL ESTATE TRUST INCORPORATED | ||||
| Date: December 23, 2016 | By: | /s/ Suneet Singal | ||
| Name: | Suneet Singal | |||
| Title: |
Chief Executive Officer |
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