Maybe I should have used the word "sellers".
The "Sellers" are W2007 Equity Inns Realty, LLC, W2007 Equity Inns Realty, L.P., W2007 EQI Urbana Partnership, L.P., W2007 EQI Seattle Partnership, L.P., W2007 EQI Savannah 2 Partnership, L.P., W2007 EQI Rio Rancho Partnership, L.P., W2007 EQI Orlando Partnership, L.P., W2007 EQI Orlando 2 Partnership, L.P., W2007 EQI Naperville Partnership, L.P., W2007 EQI Milford Corporation, W2007 EQI Louisville Partnership, L.P., W2007 EQI Knoxville Partnership, L.P., W2007 EQI Jacksonville Partnership I, L.P., W2007 EQI Indianapolis Partnership, L.P., W2007 EQI Houston Partnership, L.P., W2007 EQI HI Austin Partnership, L.P., W2007 EQI East Lansing Partnership, L.P., W2007 EQI Dalton Partnership, L.P., W2007 EQI College Station Partnership, L.P., W2007 EQI Carlsbad Partnership, L.P., W2007 EQI Augusta Partnership, L.P. and W2007 EQI Asheville Partnership, L.P.
So these "Sellers", in which each legal entity starts with a "W2007", will one way or another receive $1.474 billion in cash for the real estate assets.
In any case, W2007 Grace I, LLC is indirectly owned by various Whitehall Real Estate Funds, an investment fund controlled by The Goldman Sachs.
Due to origination of the Deutsche Bank Loan, the ownership of 106 properties was transferred to WNT Holdings, LLC, which is also indirectly owned by Whitehall.
In a nutshell, entities with a "W2007", "Whitehall" or "Goldman Sachs" in the name will be seeing some cash flow.
