T REIT Inc., a real estate investment trust based in Santa Ana, Calif., has announced that it intends to enter into a liquidating trust agreement on or about July 16 to wind up the REIT's affairs and liquidate its assets.The company said it expects to transfer, on or about July 20, its then-remaining assets to the trustee of the T REIT Liquidating Trust, which will also assume any remaining liabilities of the REIT. The company's stock transfer books will be closed as of July 16. The formation of the liquidating trust is in accordance with the company's shareholder-approved plan of liquidation, T REIT said. In addition, Triple Net Properties LLC, the holder of a special limited-partner interest in the REIT's operating partnership, will agree to a complete redemption of its interest in exchange for $1.00, the REIT reported. Triple Net Properties can be found online at http://www.1031nnn.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry