The 12-story hotel contains 154 rooms and can be delivered unencumbered
The selling agent expressed that the location of the encumbered lots are in an area of the subdivision which otherwise is desirable; she also stated that the encumbered lots were very difficult to sell, generally spent more time on the market, and sold for significantly less than unencumbered
2006 (1993), the Supreme Court held that the contribution of unencumbered
property to a defined benefit plan to satisfy a funding obligation was a violation of Sec.
1992), the Fifth Circuit held that the contribution of unencumbered
, non-cash property by an employer to its defined benefit retirement plan in satisfaction of its required contribution obligation was not a prohibited transaction.
The remaining three hotels that secured the repaid loan (two of which are non-strategic) are now unencumbered
Contribution of Unencumbered
Property to Defined Benefit Plan Was a Sale or Exchange," TTA, Aug.
as of March 31, 2011 and 67% unencumbered
pro forma for the $178.
The underlying question in both cases was whether the contribution of unencumbered
property by a disqualified person in satisfaction of an obligation to fund a qualified plan was a prohibited transaction.
In Fitch's opinion, Digital Realty, a real estate investment trust (REIT) that owns a diversified portfolio of datacenters and other technology real estate, has a credit profile consistent with a 'BBB' IDR due to three factors: the size of its unencumbered
property pool and unencumbered
cash flow, leverage levels as measured by net debt to recurring operating EBITDA, and demonstrated access to various sources of capital providing financial flexibility.
The Supreme Court ruled on May 24, 1993 that a contribution of unencumbered
real property to a company-sponsored pension plan in satisfaction of its funding obligations is a prohibited transaction (Keystone Consolidated Industries, Inc.
The affirmations are based on the geographic diversity of HR's portfolio of 204 properties and investments in 28 states, its sizable pool of unencumbered
assets which generated an unencumbered
asset to unsecured debt ratio of 2.
an $8 million Freddie Mac permanent loan to refinance the existing debt and cash out unencumbered
equity on the Loudon Arms Apartments in Albany.