In a leased property, obtaining estoppels on a proper form and examining them closely will reveal volumes about the tenants' expectations.

We prepared and negotiated the purchase and sale agreement, negotiated with the various franchise companies (Marriott Hotels, InterContinental Hotels and Carlsen Hotels), prepared and negotiated the assignments of ground lease and ground lease estoppels, oversaw the defeasance process and got the entire deal closed with a little over one month from the execution of the purchase and sale agreement.

The deposits are non-refundable except if consents to the assumption of mortgages, third party financing commitments or estoppels are not obtained with respect to certain of the properties to be acquired under the Sale Contract or if certain other contingencies occur.