Confidentiality Agreement For Signature By Prospective Purchaser
Independence Commercial Advisors
227 N Loop 1604 E, Suite 150
San Antonio, TX 78232
Re: Proposed Sale of Fredericksburg Place Apartments, to include the property and improvements located at 3435 Fredericksburg Road, San Antonio, TX 78201 (hereinafter referred to as the “Property”) by the owner thereof (hereinafter referred to as “Owner”) to the prospective purchaser (hereinafter referred to as “Principal”).
To Whom It May Concern:
Independence Commercial Advisors has been retained on an exclusive basis to market for sale the Fredericksburg Place Apartments. This letter will serve to confirm our agreement concerning certain information which may include various papers, documents, data, plans and other materials, portions of which may be included in a package or brochure (hereinafter referred to collectively as the “Evaluation Material”) which Independence Commercial Advisors (“Broker”) will make available to us for study in connection with a possible purchase by us of the Property.
Broker is prepared to furnish us with the Evaluation Material in connection with discussions and negotiations concerning a possible transaction involving the Property only on the conditions that we treat such Evaluation Material confidentially and confirm certain representations to Broker. Therefore, as a prerequisite to Broker furnishing to us the Evaluation Material, we hereby represent and agree as follows:
Independence Commercial Advisors is pleased to present Fredericksburg Place Apartments, a 224-unit Class B residential community in San Antonio, Texas. Built in 1983, Fredericksburg Place enjoys a great location in the north central submarket (one of the highest areas for rent growth in the MSA) and easy access to major demand drivers such as South Texas Medical Center, San Antonio International Airport, Fiesta Texas / Sea World, the Central Business District, and many others.