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Presidential Realty Corp. (PDNLB)

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Last Post: 3/28/2017 7:34:07 PM - Followers: 8 - Board type: Free - Posts Today: 1




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
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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
#126   dear fellaz, redlepper 03/28/17 07:34:07 PM
#125   Just patiently waiting. Maybe we can hope the MWM 03/27/17 07:13:33 PM
#124   Moving higher here. News soon? Anyone aquaspin 03/27/17 06:19:45 PM
#123   I have no idea, I'm sure something will MWM 03/23/17 08:17:03 AM
#122   Aren't they required to let us know since aquaspin 03/23/17 08:04:51 AM
#121   Where is our news, Dear Lord! MWM 03/22/17 09:45:15 AM
#120   At least the bid is creeping up! MWM 03/20/17 03:48:01 PM
#119   Give us some news! MWM 03/20/17 08:50:09 AM
#118   By now I'm sure they would have let MWM 03/17/17 08:43:14 AM
#117   Buy first, ask questions later! I do it MWM 03/16/17 10:35:31 AM
#116   I sure am lol! aquaspin 03/16/17 10:33:17 AM
#115   Lower taxes. MWM 03/16/17 10:20:03 AM
#114   Wonder why they have to pay so much? aquaspin 03/16/17 10:17:47 AM
#113   In addition to paying out at least 90 MWM 03/16/17 10:13:12 AM
#112   What kind of divies can we expect here? aquaspin 03/16/17 10:10:03 AM
#111   REITs pay divies... MWM 03/16/17 10:05:02 AM
#110   What is nice about PDNLB is that it's aquaspin 03/16/17 09:58:42 AM
#109   this is definitely a long-term play imo.. 'if' db7 03/16/17 09:51:24 AM
#108   300K and this goes to $100 lol! MWM 03/16/17 09:48:56 AM
#107   I just have a feeling they wait till aquaspin 03/16/17 09:47:57 AM
#106   Ha! I'm hoping we see a 300k+ aquaspin 03/16/17 09:46:46 AM
#105   Define huge? Like you buying 10K lol! MWM 03/16/17 09:39:11 AM
#104   I bet we see huge volume the minute aquaspin 03/16/17 09:37:56 AM
#103   Trades like FRAZ... MWM 03/16/17 09:21:31 AM
#102   The ask is so thin that I think aquaspin 03/16/17 09:14:30 AM
#101   YES! MWM 03/16/17 09:01:20 AM
#100   I want some filings! Can they release aquaspin 03/16/17 08:53:52 AM
#99   Hopefully today is a Big Day! MWM 03/16/17 08:35:12 AM
#98   Lawsuit! MWM 03/15/17 11:48:05 AM
#97   no kidding, I have been screwed countless times db7 03/15/17 11:18:29 AM
#96   I would guess we will hear something tomorrow, db7 03/15/17 11:15:37 AM
#95   Your right. I think it actually has aquaspin 03/15/17 10:29:40 AM
#94   Someone trying to get some shares ahead of MWM 03/15/17 10:22:09 AM
#93   I have a 2000 share buy order in aquaspin 03/15/17 10:20:55 AM
#92   Would they file the cancellation news this week aquaspin 03/15/17 10:18:50 AM
#91   it's possible but it's also possible the filing db7 03/15/17 10:16:11 AM
#90   Come on Dolla Land! MWM 03/15/17 10:00:05 AM
#89   PDNLB - Filings just hours away now! aquaspin 03/15/17 09:59:24 AM
#88   Must have been a typo somehow, way to MWM 03/14/17 09:14:14 AM
#87   Preach on Fountain Wisdom! MWM 03/13/17 10:23:57 PM
#86   PDNLB .97 x 1.01 after hours bid per fidelity! aquaspin 03/13/17 09:27:10 PM
#85   The purple puppy is in the oval office. redlepper 03/13/17 08:09:56 PM
#84   I agree. The ask is .42 aquaspin 03/13/17 06:26:36 PM
#83   I think it's mentioned in the alpha article. MWM 03/13/17 06:11:25 PM
#82   What is the float here? What is aquaspin 03/13/17 06:09:25 PM
#81   Very little exposure here, maybe on merger day MWM 03/13/17 04:25:11 PM
#80   Surprised no one talking about this. About aquaspin 03/13/17 02:23:07 PM
#79   Really thin here! When the merger closes on MWM 03/13/17 10:27:38 AM
#78   Just found it posted on Twitter, might have MWM 03/10/17 02:52:22 PM
#77   nice exposure AND summary... I gained more perspective db7 03/10/17 02:45:33 PM
PostSubject