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Presidential Realty Corp. (PDNLB)

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Last Post: 2/23/2017 12:53:00 PM - Followers: 7 - Board type: Free - Posts Today: 0




http://www.t9ontheriver.com/

On December 16, 2016, Presidential Realty Corporation (the “Company”) and its newly formed operating partnership, Presidential Realty Operating Partnership LP (“Presidential OP”), entered into an interest contribution agreement (the “Agreement”) with First Capital Real Estate Trust Incorporated (“FC REIT”), First Capital Real Estate Operating Partnership (the “FC OP”), Township Nine Owner, LLC, Capital Station Holdings, LLC, Capital Station Member, LLC, Capital Station 65 LLC and Avalon Jubilee LLC. 



The Agreement provides that the FC OP will contribute to the Presidential OP (i) 66% of its 92% ownership interests in Township Nine Owner LLC, which indirectly owns the fee simple interest in 23 parcels of land located in Sacramento, California (collectively, the “T9 Properties”) and (ii) all of its 31.3% interest in Avalon Jubilee LLC, the owner of real property consisting of 251, non-contiguous single-family, residential lots and a 10,000 square foot clubhouse, within the Jubilee at Los Lunas subdivision (the “Avalon Property”), in exchange for 37,281,000 convertible units of Presidential OP (the “OP Units”). The 37,281,000 OP Units will be convertible into a like number of shares of the Company’s Class B Common Stock. The purchase price for the properties is $37,281,000 based upon a valuation of $1.00 per OP Unit 



 
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PDNLB News: Amended Statement of Ownership (sc 13g/a) 02/08/2017 06:06:56 AM
PDNLB News: Amended Statement of Beneficial Ownership (sc 13d/a) 01/27/2017 10:25:25 AM
PDNLB News: Amended Statement of Beneficial Ownership (sc 13d/a) 01/27/2017 10:21:48 AM
PDNLB News: Amended Statement of Beneficial Ownership (sc 13d/a) 01/27/2017 10:20:28 AM
PDNLB News: Amended Statement of Beneficial Ownership (sc 13d/a) 01/27/2017 10:16:56 AM
PostSubject
#60   Bid moving back up, 3 weeks til the merger... MWM 02/23/17 12:53:00 PM
#59   Agreement contemplates that on or before March 16, 2017 MWM 02/22/17 02:07:35 PM
#58   And now CDEL is back on the bid MWM 02/17/17 03:41:29 PM
#57   CDEL back again, he should be almost out! MWM 02/17/17 03:11:01 PM
#56   The bidding has actually been more hidden. Tiny MWM 02/17/17 01:47:52 PM
#55   It looks like some doofus, I guess, really MWM 02/17/17 01:46:03 PM
#54   I like the bids at .071! aquaspin 02/17/17 01:45:32 PM
#53   Ha! only by .001 lol. aquaspin 02/17/17 01:43:45 PM
#52   My average is .25 so you have me MWM 02/17/17 01:32:34 PM
#51   Nice! Total shares after the merger should be MWM 02/17/17 01:31:01 PM
#50   Just picked a few up. So what aquaspin 02/17/17 01:26:07 PM
#49   The bid is quietly coming back... MWM 02/17/17 10:29:52 AM
#48   Just got home, we probably are looking for MWM 02/14/17 12:54:31 PM
#47   lot's of dumping and refreshing 20k blocks on db7 02/14/17 12:37:16 PM
#46   well we went from slow and steady accumulation db7 02/14/17 12:30:38 PM
#45   This new seller at .34 is about to MWM 02/13/17 01:52:45 PM
#44   And then there were no shares let to MWM 02/13/17 10:50:33 AM
#43   March 16th closing date is right around the corner! MWM 02/10/17 03:58:12 PM
#42   I bet we see some more form 4's MWM 02/10/17 03:53:55 PM
#41   And just like clock work, ask gets hit, MWM 02/10/17 03:53:30 PM
#40   Everyday the bid moves a little higher, organized buyer... MWM 02/10/17 03:29:12 PM
#39   This is not normal trading this is serious MWM 02/09/17 01:28:35 PM
#38   3,846,147 shares of Class B common stock outstanding MWM 02/09/17 11:38:34 AM
#37   CDEL there is our boy! There is no MWM 02/09/17 11:36:40 AM
#36   Now what is CDEL going to do today? :) MWM 02/09/17 09:50:52 AM
#35   Whatever ever happened to your old companion 032798, MWM 02/09/17 09:11:35 AM
#34   There was a sullen sloth, from afar, wishing redlepper 02/08/17 07:27:43 PM
#33   CDEL first bid filled for 20K now bidding MWM 02/08/17 11:40:32 AM
#32   Looks like they sold that one in 2012, MWM 02/08/17 11:39:42 AM
#31   http://jubileeloslunas.com/ db7 02/08/17 11:12:10 AM
#30   I believe they either already have something in db7 02/08/17 11:07:31 AM
#29   nice dd..thanks! db7 02/08/17 11:05:38 AM
#28   Just wondering if they have any other projects MWM 02/08/17 10:46:43 AM
#27   How big is Avalon? MWM 02/08/17 10:37:51 AM
#26   CDEL MM looks to be the inside buyer MWM 02/08/17 10:11:56 AM
#25   Looks to me like the family is still MWM 02/07/17 02:28:51 PM
#24   Someone seems very interested today... MWM 02/07/17 12:26:56 PM
#23   This could see dollars pretty easy imo, not MWM 02/07/17 12:23:54 PM
#22   some nice buy interest today, hopefully almost out db7 02/07/17 11:30:09 AM
#21   if there was a big name like those MWM 02/01/17 09:32:56 PM
#20   It also depends on the insiders. If Gixxer 02/01/17 07:54:13 PM
#19   Not too many penny stock REITs around that MWM 02/01/17 07:22:35 PM
#18   I agree with the insiders buying thing. Gixxer 02/01/17 07:13:02 PM
#17   LoL! Thanks buddy! I'm new to this game MWM 02/01/17 07:07:14 PM
#16   Sellers are bright. It's called locking in Gixxer 02/01/17 07:02:38 PM
#15   Sellers here are not too bright, my bet MWM 02/01/17 04:00:22 PM
#14   good luck! let's see how it all redlepper 02/01/17 12:10:34 PM
#13   Grabbed a few here, very nice find! MWM 02/01/17 10:04:06 AM
#12   maybe it's the beatles! redlepper 01/27/17 11:33:41 PM
#11   I was on Google earth checking it out MWM 01/27/17 02:39:34 PM
PostSubject