HTML Document View

Full title: Notice Regarding Allocated Purchase Prices for Properties Owned by Tenants in Common with Debtors (RE: related document(s)713 Motion to Approve Document Debtors Motion for Order (A) Approving Bid Procedures for the Portfolio Sale of Certain Real and Personal Property Assets; (B) Approving Related Notice Procedures; (C) Authorizing Debtors to Enter Into Stalking Horse Agreement and Approving Break-Up Fee; (D) Scheduling a Sale Hearing; and (E) Granting Certain Related Relief Filed by Professional Investors 28, LLC and PFI Glenwood, LLC. (Attachments: # 1 Declaration of Gregory Gotthardt in support thereof) (Marum, J.)). Filed by Debtor Professional Financial Investors, Inc. (Marum, J.) (Entered: 06/29/2021)

Document posted on Jun 28, 2021 in the bankruptcy, 2 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

16 17 TO THE HONORABLE HANNAH L. BLUMENSTIEL, UNITED STATES 18 BANKRUPTCY JUDGE, THE OFFICE OF THE UNITED STATES TRUSTEE, TIC 19 OWNERS, AND ALL OTHER PARTIES IN INTEREST: 20 PLEASE TAKE NOTICE (the “Notice”) of the following Allocated Purchase Prices for 21 the below-listed properties (the “TIC Properties”), presently owned by various tenants-in-commo22 (the “TIC Owners”) with Professional Financial Investors, Inc. (“PFI”) and/or one or more of its 23 affiliated debtor entities (collectively with PFI, the “Debtors”), as included in the proposed 24 portfolio sale of certain of Debtors’ properties and assets to Hamilton Zanze & Company 25 26 1 A complete list of the Debtors and their respective chapter 11 case numbers may be found at 27 www.donlinrecano.com/Clients/pfi/index.The federal tax identification numbers of each of the Debtors is also available in the bankruptcy petitions of each Debtor, also available at the Donlin 1 (“Hamilton Zanze” or the “Stalking Horse Bidder”) pursuant to the Stalking Horse APA as furthe2 defined and described in the Debtors’ Motion for Order (A) Approving Bid Procedures for the 3 Portfolio Sal of Certain Real and Personal Property Assets; (B)Purchase 8 Price 9 Marin Heights Apartment Homes 19 Merrydale Road, San Rafael, CA $5,150,00 10 The Height Apartment Homes 109 Professional Center Parkway, San Rafael, $6,000,00CA 11 Oaktree Apartments 16914 Sonoma Highway, Sonoma, CA $6,000,0012 Parc Marin 1441 Casa Buena Drive, San Rafael, CA $15,500,0013 Sycamore Creek Apartments 100 Sycamore Avenue, San Anselmo, CA $6,100,0014 Hunt Plaza 240 Tamal Vista, Corte Madera, CA $7,930,00 15 16

List of Tables

Document Contents

1 SHEPPARD, MULLIN, RICHTER & HAMPTON LLP A Limited Liability Partnership 2 Including Professional Corporations ORI KATZ, Cal. Bar No. 209561 3 J. BARRETT MARUM, Cal. Bar No. 228628 MATT KLINGER, Cal. Bar No. 307362 4 GIANNA SEGRETTI, Cal. Bar No. 323645 Four Embarcadero Center, 17th Floor 5 San Francisco, California 94111-4109 Telephone: 415.434.9100 6 Facsimile: 415.434.3947 Email: okatz@sheppardmullin.com 7 bmarum@sheppardmullin.com mklinger@sheppardmullin.com 8 gsegretti@sheppardmullin.com Counsel for the Debtors 9 10 UNITED STATES BANKRUPTCY COURT 11 NORTHERN DISTRICT OF CALIFORNIA, SAN FRANCISCO DIVISION 12 In re Case No. 20-30604 13 PROFESSIONAL FINANCIAL Chapter 11 INVESTORS, INC., et al.,1 14 NOTICE OF ALLOCATED PURCHASE Debtors. PRICES FOR PROPERTIES OWNED BY 15 TENANTS IN COMMON WITH DEBTORS 16 17 TO THE HONORABLE HANNAH L. BLUMENSTIEL, UNITED STATES 18 BANKRUPTCY JUDGE, THE OFFICE OF THE UNITED STATES TRUSTEE, TIC 19 OWNERS, AND ALL OTHER PARTIES IN INTEREST: 20 PLEASE TAKE NOTICE (the “Notice”) of the following Allocated Purchase Prices for 21 the below-listed properties (the “TIC Properties”), presently owned by various tenants-in-commo22 (the “TIC Owners”) with Professional Financial Investors, Inc. (“PFI”) and/or one or more of its 23 affiliated debtor entities (collectively with PFI, the “Debtors”), as included in the proposed 24 portfolio sale of certain of Debtors’ properties and assets to Hamilton Zanze & Company 25 26 1 A complete list of the Debtors and their respective chapter 11 case numbers may be found at 27 www.donlinrecano.com/Clients/pfi/index. The federal tax identification numbers of each of the Debtors is also available in the bankruptcy petitions of each Debtor, also available at the Donlin

1

1 (“Hamilton Zanze” or the “Stalking Horse Bidder”) pursuant to the Stalking Horse APA as furthe2 defined and described in the Debtors’ Motion for Order (A) Approving Bid Procedures for the 3 Portfolio Sal of Certain Real and Personal Property Assets; (B) Approving Related Notice 4 Procedures; (C) Authorizing Debtors to Enter into Stalking Horse Agreement and Approving 5 Break-Up Fee; (D) Schedule a Sale Hearing; and (E) Granting Certain Related Relief filed by 6 Debtors on June 28, 2021, as Docket No. 713 (the “Bid Procedures Motion”): 7 Property Name Property Address Allocated Purchase 8 Price 9 Marin Heights Apartment Homes 19 Merrydale Road, San Rafael, CA $5,150,00 10 The Height Apartment Homes 109 Professional Center Parkway, San Rafael, $6,000,00CA 11 Oaktree Apartments 16914 Sonoma Highway, Sonoma, CA $6,000,0012 Parc Marin 1441 Casa Buena Drive, San Rafael, CA $15,500,0013 Sycamore Creek Apartments 100 Sycamore Avenue, San Anselmo, CA $6,100,0014 Hunt Plaza 240 Tamal Vista, Corte Madera, CA $7,930,00 15 16 Dated: June 29, 2021 17 SHEPPARD, MULLIN, RICHTER & HAMPTON LLP 18 19 By /s/ J. Barrett Marum 20 J. BARRETT MARUM 21 Counsel for the Debtors 22 23 24 25 26 27

2