Exhibit 10.9


 


ASSIGNMENT


 


TO:         Minto Builders
(Florida), Inc.                             DATE:    October 11, 2005


 


FROM:   Inland Real Estate
Acquisitions, Inc.


 


                For value
received, Inland Real Estate Acquisitions, Inc., hereby transfers, sets over
and assigns all its rights and interest in and to that certain real estate
purchase agreement, dated May 18, 2005 (the “Purchase Agreement”), for the
multiple properties listed therein, located primarily within the State of
Texas, and more particularly described in such agreement, to Minto Builders
(Florida), Inc. (“Minto”).


 


                For value received
Minto hereby accepts the foregoing assignment and agrees to perform the
obligations of Purchaser set forth in the Purchase Agreement.


 


	
   

  	
  Inland Real Estate Acquisitions, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  ILLEGIBLE

  
	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Minto Builders (Florida) Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Title:

  	
   

  



 


c: The Seller’s listed in the Purchase Agreement


 





















 


NOTICE OF ASSIGNMENT


 


TO:         The Parties Listed on
the List of Sellers Attached Hereto            DATE:    October 11, 2005


 


FROM:   Inland Real Estate
Acquisitions, Inc. and Minto Builders (Florida), Inc.


 


                Notice is hereby
given that all of our rights and interest in the letter agreement dated May 18,
2005 for the multiple properties located primarily within the State of Texas and
more particularly described in such agreement, (collectively the ”Property”),
have been assigned to Minto Builders (Florida), Inc. and that such agreement,
in whole or in part, will be further assigned to entities wholly-owned,
directly or indirectly, by Minto Builders (Florida), Inc. and to Wachovia Bank,
National Association as qualified intermediary to facilitate a like-kind
exchange under Section 1031 of the Internal Revenue Code.


 


	
   

  	
  Inland Real Estate Acquisitions, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  ILLEGIBLE

  
	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Minto Builders (Florida), Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Title:

  	
   

  



 


Acknowledgement:


 


The undersigned does hereby consent to the assignment and acceptance of
Inland Real Estate Acquisitions, Inc. rights under the letter agreement.


 


SEE SIGNATURE ATTACHED HERETO


 


c: J. Daniel Choplin, Wachovia Bank, National Association


 





















 


24 Hour 249 & Jones Road:


 


20 A-K, L.P., a Texas limited partnership


 


	
  By:

  	
  A-K Highway 249, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


24 Hour Woodlands:


 


A-S 38 WOODLAND PKWY-SIX PINES, L.P., a Texas
limited partnership


 


	
  By:

  	
  A-S 38, L.C., a Texas limited liability 

  company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


6101 Richmond Building:


 


16 RICHMOND LTD., a Texas limited partnership


 


	
  By:

  	
  Jadco G.P. Corp., a Texas corporation 

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 





















 


6234 Richmond:


 


19 RICHMOND AVE., L.P., a Texas limited partnership


 


	
  By:

  	
  Richmond 19, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ KYLE D. LIPPMAN

  
	
   

  	
  Name:

  	
  Kyle D. Lippman

  
	
   

  	
  Title:

  	
  Sole Member

  



 


 


11500 Market Street:


 


HUNTING BAYOU, L.P., a Texas limited partnership


 


	
  By:

  	
  A-K Hunting Bayou, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Antoine Town Center:


 


A-S 27 ANTOINE-HWY 249, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 27, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 





















 


Ashford Plaza:


 


11 BISSONNET/HIGHWAY 6, L.P., a Texas limited partnership


 


	
  By:

  	
  Grant Road Capital, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member

  



 


 


Atascocita Shopping Center:


 


A-K-S 31 ATASCOCITA, L.P., a Texas limited partnership


 


	
  By:

  	
  A-K-S 31, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Bay Colony Town Center:


 


A-S 56 IH-45 SOUTH-FM 646, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 56, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 





















 


Blackhawk Town Center:


 


A-S 66 BELTWAY 8-BLACKHAWK, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 66, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Carver Creek Shopping Center:


 


9 A-K, L.P., a Texas limited partnership


 


	
  By:

  	
  A-K Texas Venture Capital, L.C., a Texas limited
  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member

  



 


 


Chili’s Ground Lease:


 


A-K I-10 EAST, L.P., a Texas limited partnership


 


	
  By:

  	
  Grand Road Capital, L.C., a Texas limited liability
  company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member

  



 





















 


Cinemark 12:


 


A-S 68 HWY 288-SILVER LAKE, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 68, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Cinemark Jacinto City:


 


A-K 17 CINEMA #1, L.P., a Texas limited partnership


 


	
  By:

  	
  A-K Hunting Bayou, L.C., a Texas limited liability
  company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member

  



 


 


Cinemark Webster:


 


AK-18 CINEMA #2, L.P., a Texas limited partnership


 


	
  By:

  	
  AK-18 Cinema, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 





















 


Cv-Fair Town Center:


 


A-S 46 HWY 290-SPRING CYPRESS, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 46, L.C., a Texas limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Cypress Town Center:


 


A-S 47 JONES-CYPRESS N. HOUSTON, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 47, L.C., a Texas limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Eldridge Lakes Town Center:


 


A-S-K 41 ELDRIDGE-W. LITTLE YORK, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S-K 41, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 





















 


Eldridge Town Center:


 


ELDRIDGE-FM 1960, LTD., a Texas limited partnership


 


	
  By:

  	
  Eldridge-FM 1960 GP, LLC, a Texas limited liability
  company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Friendswood:


 


A-S 30 FM 518-FM 528, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 30, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Highland Plaza:


 


A-K 74 MASON-HIGHLAND, L.P., a Texas limited partnership


 


	
  By:

  	
  A-K 74, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 





















 


Hunting Bayou:


 


HUNTING BAYOU, L.P., a Texas limited partnership


 


	
  By:

  	
  A-K Hunting Bayou, L.C., a Texas limited liability
  company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member

  



 


 


Joe’s Crab Shack:


 


A-K-TEXAS VENTURE CAPITAL, L.C., a Texas limited partnership


 


	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
  Name:

  	
  Steven D. Alvis

  
	
  Title:

  	
  Member

  



 


 


NTB Eldridge:


 


A-S 58 FM 1960-ELDRIDGE, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 58, L.C., a Texas limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Pinehurst:


 


A-K COMMERCIAL PROPERTIES, L.C., a Texas limited partnership


 


	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
  Name:

  	
  Steven D. Alvis

  
	
  Title:

  	
  Member

  



 





















 


Saratoga Town Center:


 


A-S 54 SARATOGA-STAPLES, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 54, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Sherman Town Center:


 


A-S 60 HWY 75-LOY LAKE, L.P., a Texas limited partnership


 


	
  By:

  	
  Sherman GP, LLC, a Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Manager

  



 





















 


Spring Town Center:


 


A-K-S 75 NEC SPRING TOWN CENTER, L.P., a Texas limited partnership


 


	
  By:

  	
  A-K-S 75, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Stables Town Center:


 


SPRING CYPRESS-CHAMPION FOREST 24, L.P., a Texas limited partnership


 


	
  By:

  	
  SAKK-24, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Tomball Town Center:


 


A-S 62 HWY 249-FM 2920, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 62, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 





















 


Walgreen’s-Springfield:


 


A-S 63 NATIONAL-CHEROKEE, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 63, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


West End Square:


 


11 BISSONNET/HIGHWAY 6, L.P., a Texas limited partnership


 


	
  By:

  	
  Grant Road Capital, L.C., a Texas limited

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member

  



 


 


Willis Town Center:


 


A-S 42 I-45-FM 1097, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 42, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 





















 


Winchester Town Center:


 


A-S 65 JONES-WEST, L.P., a Texas limited partnership


 


	
  By:

  	
  A-S 65, L.C., a Texas limited 

  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member-Manager

  



 


 


Woodforest Square:


 


14 WOODFOREST L.P., a Texas limited partnership


 


	
  By:

  	
  A-K Texas Venture Capital, L.C., a Texas limited
  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN D. ALVIS

  
	
   

  	
  Name:

  	
  Steven D. Alvis

  
	
   

  	
  Title:

  	
  Member