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Presidential Realty Corp. (PDNLB)

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Last Post: 5/22/2017 6:33:39 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
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Bid Ask Day's Range
PDNLB News: Statement of Beneficial Ownership (sc 13d) 05/01/2017 04:36:33 PM
PDNLB News: Annual Report (10-k) 04/17/2017 05:26:58 PM
PDNLB News: Current Report Filing (8-k) 04/05/2017 05:02:14 PM
PDNLB News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 03/31/2017 03:50:04 PM
PDNLB News: Amended Statement of Ownership (sc 13g/a) 02/08/2017 06:06:56 AM
PostSubject
#166   I agree! Especially with the properties they own! aquaspin 05/22/17 06:33:39 PM
#165   fire up the 'dozers, let's get it on! redlepper 05/22/17 06:31:50 PM
#164   Just waiting for some news here. Hopefully aquaspin 05/22/17 06:22:35 PM
#163   So quiet... MWM 05/22/17 04:12:51 PM
#162   hmmmm, impatient OR someone know something we don't............... db7 04/20/17 04:02:03 PM
#161   10-K April 17, 2017 redlepper 04/18/17 02:08:12 AM
#160   Fingers Crosses! MWM 04/05/17 07:39:55 PM
#159   interesting that it looks like Serge is permitted db7 04/05/17 05:18:13 PM
#158   8k finally out: db7 04/05/17 05:16:49 PM
#157   Richard Shea: db7 04/05/17 03:07:05 PM
#156   from the pr on the 31st: db7 04/04/17 03:23:59 PM
#155   Yep seems like they still have a lot MWM 04/04/17 03:13:32 PM
#154   Serge Kasarda, very impressive bio too: db7 04/04/17 03:11:55 PM
#153   I guess the future change of focus (on db7 04/04/17 03:10:47 PM
#152   Someone nibbling today!, My money clears tomorrow, not MWM 04/04/17 01:24:41 PM
#151   so important date/milestones: db7 04/03/17 12:31:04 PM
#150   First Capital Takes Another Step Towards Completing Its db7 04/03/17 10:35:22 AM
#149   I just put some more cash in the MWM 04/01/17 10:50:08 AM
#148   First Capital Takes Another Step Towards Completing Its aquaspin 04/01/17 10:31:23 AM
#147   Your link no workie! MWM 04/01/17 10:01:18 AM
#146   It's interesting. ;). What I think I db7 03/31/17 07:00:25 PM
#145   No one talking about this??! https://eresearch.fidelity.com/eresearch/evaluate/ aquaspin 03/31/17 06:33:45 PM
#144   I noticed it on the seekingalpha link you provided db7 03/30/17 04:10:12 PM
#143   And so what if Monet wants to merge MWM 03/30/17 03:03:56 PM
#142   Did you notice his name before? I totally MWM 03/30/17 02:25:40 PM
#141   he is a titan of the industry... now db7 03/30/17 02:12:08 PM
#140   https://www.linkedin.com/in/joaquindemonet/ MWM 03/30/17 02:07:29 PM
#139   All about Arden Realty, Inc. Sep 16, 2016 MWM 03/30/17 02:01:50 PM
#138   always been partial to the impressionists myself! redlepper 03/30/17 01:59:19 PM
#137   Why hasn't anyone mentioned Monet's name before? I MWM 03/30/17 01:55:23 PM
#136   definitively and indubitably. redlepper 03/30/17 01:16:10 PM
#135   Crazy huh! PDNLB should not be under aquaspin 03/30/17 08:59:33 AM
#134   This is huge!! Thanks for posting that. aquaspin 03/30/17 08:48:37 AM
#133   That makes this play gold. Very nice find, MWM 03/30/17 08:23:35 AM
#132   must be a while cause my buttocks has redlepper 03/30/17 03:19:15 AM
#131   GE Real Estate Completes $4.8B Acquisition of Arden Realty MWM 03/29/17 10:44:49 PM
#130   Jesus! How long have you been sitting on that!!!! MWM 03/29/17 10:41:06 PM
#129   woof woof bork http://bit.ly/2nw4qQD redlepper 03/29/17 02:34:57 PM
#128   I want filings! I'm ready for $1 land aquaspin 03/29/17 09:27:27 AM
#127   Your dog is a genius! MWM 03/29/17 09:11:36 AM
#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
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