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TALR .03 Entry into a Material Definitive Agreement



On June 27, 2018, Talon First Trust, LLC, a subsidiary of Talon OP, L.P., which is the entity through which Talon Real Estate Holding Corp. (Talon) conducts substantially all of its business, was sold by Talon to a large publicly held real estate company. Under the agreement, Talon agreed to sell the ownership entity (Talon First Trust, LLC) of the property located at 180 East 5th Street, St. Paul, MN, for Ninety-Eight Million Dollars ($98,000,000), including stock and debt, to First Capital Real Estate Trust, Inc. (FC REIT). The structured sale helped Talon maximize the value of the asset and will allow FC REIT to reposition the property, which may include adding a hotel, condos or apartments, while finalizing financing for the property.



FC REIT has renamed the entity FC First Trust, LLC.

http://archive.fast-edgar.com//20180702/ARKZP22CL22222K2222722Z22TW5Z2227DA2/