6.	Investment and Disposition Activities

2018 Transactions

701 Seventh Avenue, New York, New York – property sale – On April 30, 2018, the venture in which the Liquidating Trust held an indirect interest in the property located at 701 Seventh Avenue, New York, New York, sold the property to an affiliate of a current indirect member of the venture, for a gross sales price of $1,530,000,000. Upon closing, $63,700,000 of the proceeds was placed in escrow pending completion of the development of the property and the joint venture also received a purchase money note in the amount of $75,000,000. The Liquidating Trust received cash proceeds of approximately $200,000,000 at the time of closing. Subsequent to closing, the Liquidating Trust received $16,958,000, which represented its proportionate share of the purchase money note. The Liquidating Trust does not expect to receive any funds related to the escrow. The sale price was consistent with our liquidation value at December 31, 2017.

1050 Corporetum, Lisle, Illinois – foreclosure – On February 20, 2018, the 1050 Corporetum office property located in Lisle, Illinois, in which the Liquidating Trust held a 60% interest, was foreclosed. The foreclosure was not contested as the value of the property, plus the costs to sell, was less than the outstanding debt balance as of the foreclosure date. The liquidation value at foreclosure was based on the outstanding debt balance, closing costs and certain other factors related to the foreclosure and is consistent with the liquidation value at December 31, 2017.

Plantation, Florida – property sale – On September 4, 2018, the Liquidating Trust sold to an independent third party its office property located in Plantation, Florida for gross proceeds of $11,250,000 and received net proceeds of $1,074,000 after satisfaction of third party mortgage debt, closing costs and customary prorations. The liquidation value was $18,364,000 at December 31, 2017.

Jacksonville, Florida – loan sale – On October 11, 2018, the Liquidating Trust sold to an independent third party its loan receivable associated with the Jacksonville, Florida property for gross proceeds of $8,097,000 and received net proceeds of $8,080,000 after satisfaction of closing costs and customary prorations. The liquidation value was $8,400,000 at December 31, 2017.

Concord Debt Holdings and CDH CDO LLC – loan sales – During 2018, the Liquidating Trust received aggregate distributions of $812,000 from its joint ventures in connection with the sales of its final loans. The liquidation value was $329,000 at December 31, 2017.

2017 Transactions

Orlando, Florida – property sale – On June 29, 2017, the Liquidating Trust sold to an independent third party its office property located in Orlando, Florida for gross proceeds of $34,807,000 and received net proceeds of $62,000 after satisfaction of third party mortgage debt, closing costs and customary prorations. The liquidation value was $35,053,000 at December 31, 2016.

550-650 Corporetum, Lisle, Illinois – property sale – On July 12, 2017, the Liquidating Trust sold to an independent third party its office property known as 550-650 Corporetum for gross proceeds of $9,300,000 and received net proceeds of $7,920,000 after satisfaction of closing costs and customary prorations. The liquidation value was $8,940,000 at December 31, 2016.

Summit Pointe Apartments, Oklahoma City, Oklahoma – property sale – On August 14, 2017, the venture in which the Liquidating Trust held an 80% interest sold to an independent third party its residential property known as Summit Pointe Apartments for gross proceeds of $17,550,000. The Liquidating Trust received proceeds of $5,824,000, which represents the Liquidating Trust’s 80% share of net sale proceeds after satisfaction of third party mortgage debt, closing costs, and customary prorations. The sale price was consistent with the Liquidating Trust’s liquidation value at December 31, 2016.

Mosaic Apartments, Houston, Texas – property sale – On November 9, 2017, the venture in which the Liquidating Trust held an 83.7% interest sold to an independent third party its residential property known as Mosaic Apartments for gross proceeds of $90,500,000. The Liquidating Trust received proceeds of $37,178,000, which represents the Liquidating Trust’s 83.7% share of net sale proceeds after satisfaction of third party mortgage debt, closing costs, and customary prorations. The liquidation value was $91,200,000 at December 31, 2016.

RE CDO – loan repayment – During 2017, the Liquidating Trust received aggregate distributions of $2,118,000 from its RE CDO venture which held a 5.52% interest in mortgage loans collateralized by land located in Las Vegas, Nevada. The distributions were in connection with the sale of the underlying collateral for the loans in which RE CDO held an interest. Following the sale of the land, RE CDO was dissolved. The distributions received were consistent with the Liquidating Trust’s liquidation value at December 31, 2016.

701 Seventh Avenue, New York, New York – capital contributions – The Liquidating Trust invested an additional $5,834,000 in this venture during 2017 bringing its total invested capital in the venture to $134,336,000 at December 31, 2017. The Liquidating Trust is contractually obligated to contribute up to $137,256,000 in the aggregate to this venture. On March 2, 2018 the Liquidating Trust made an additional capital contribution of $1,667,000 bringing aggregate capital contributions to date to $136,003,000.