Document:

Reinstatement of and First Amendment to Real Estate Sale Agreement

 EXHIBIT 10.2 
 LOFTON PLACE APARTMENTS 
 TAMPA, FLORIDA

 REINSTATEMENT OF AND FIRST AMENDMENT TO REAL ESTATE SALE AGREEMENT 
 THIS REINSTATEMENT OF AND FIRST AMENDMENT TO REAL ESTATE SALE AGREEMENT (this “Agreement”) is made as of the 23rd day of July,
2009, by and between ERP OPERATING LIMITED PARTNERSHIP, an Illinois limited partnership (“Seller”), with an office at c/o Equity Residential, Two North Riverside Plaza, Suite 400, Chicago, Illinois 60606, and NORTHVIEW REALTY GROUP INC., a
Canadian corporation (“Purchaser”), with an office at 550 Sherbrook, Suite 1480, Montreal, OC Canada H3A 1B9. 
 RECITALS 
 A.    Seller and Purchaser entered into a Real Estate Sale Agreement dated as of
June 8, 2009 (the “Agreement”), pursuant to which Seller agreed to sell to Purchaser, and Purchaser agreed to buy from Seller the Property (as defined in the Agreement). 
 B.    Purchaser subsequently terminated the Agreement by letter dated July 8, 2009. 
 C.    Seller and Purchaser have agreed to reinstate and modify the terms of the Agreement as set forth in this
Amendment. 
 THEREFORE, in consideration of the above Recitals, the mutual covenants and agreements herein set forth and the
benefits to be derived therefrom, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Purchaser and Seller agree as follows: 
 1.    Reinstatement. Except as modified by the terms of this Amendment, the Agreement is hereby reinstated
by Purchaser and Seller and shall be of full force and effect. 
 2.    Review Period. Seller
and Purchaser hereby agree to amend the Agreement to provide that the Review Period provided in Section 8.1.1 of the Agreement shall be extended to 5:00 p.m. (Chicago time) on August 6, 2009. 
 3.    Closing Date. Seller and Purchaser hereby agree to amend the Agreement to provide that the Closing
Date provided in Section 4.1 of the Agreement shall be extended to occur through escrow at 11:00 am. (Chicago time) on September 8, 2009. 
 4.    Effectiveness of Agreement. Except as modified by this Amendment, all the terms of the Agreement shall remain unchanged and in full force and effect. 

 5.    Counterparts. This Amendment may be executed and
delivered in any number of counterparts, each of which shall be deemed to be an original and all of which shall constitute one and the same instrument. Handwritten signatures to this Amendment transmitted by telecopy or electronic transmission (for
example, through use of a Portable Document Format or “PDF” file) shall be valid and effective to bind the party so signing 
 [remainder of this page intentionally left blank] 
  

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 IN WITNESS WHEREOF, Seller and Purchaser have executed and delivered this Amendment as of the date first
above written. 
  

					
	SELLER:
	
	ERP OPERATING LIMITED PARTNERSHIP,
an Illinois limited partnership,
		
	By:	 	Equity Residential, a Maryland real estate investment trust, its general partner
			
		 	By:	 	/s/ Cydney White
		 	Name:	 	Cydney White
		 	Its:	 	First Vice President
	
	PURCHASER:
	
	 NORTHVIEW REALTY GROUP INC., a
 Canadian corporation

		
	By:	 	/s/ Doug Reim
	Name:	 	Doug Reim
	Its:	 	Principal

  

 - 3 -Second Amendment to Real Estate Sale Agreement

 EXHIBIT 10.3 
 LOFTON PLACE APARTMENTS 
 TAMPA, FLORIDA

 SECOND AMENDMENT TO REAL ESTATE SALE AGREEMENT 
 THIS SECOND AMENDMENT TO REAL ESTATE SALE AGREEMENT (this “Amendment”) is made as of the 6th day of August, 2009, by and between
ERP OPERATING LIMITED PARTNERSHIP, an Illinois limited partnership (“Seller”), with an office at c/o Equity Residential, Two North Riverside Plaza, Suite 400, Chicago, Illinois 60606, and NORTHVIEW REALTY GROUP INC., a Canadian corporation
(“Purchaser”), with an office at 550 Sherbrook, Suite 1480, Montreal, OC Canada H3A 1B9. 
 RECITALS 

A.    Seller and Purchaser entered into a Real Estate Sale Agreement dated as of June 8, 2009, as amended by
that certain Reinstatement of and First Amendment to Real Estate Sale Agreement dated as of July 23, 2009 (collectively, the “Agreement”), pursuant to which Seller agreed to sell to Purchaser, and Purchaser agreed to buy from Seller
the Property (as defined in the Agreement). 
 B.    Seller and Purchaser have agreed to modify the terms of
the Agreement as set forth in this Amendment. 
 THEREFORE, in consideration of the above Recitals, the mutual covenants and
agreements herein set forth and the benefits to be derived therefrom, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Purchaser and Seller agree as follows: 
 1.    Incorporation of Recitals; Definitions. The foregoing recitals are incorporated herein as a
substantive part of this Amendment. Capitalized terms not otherwise defined herein shall have the meaning given such terms in the Agreement. Section numbers refer to the corresponding section numbers in the Agreement. 
 2.    Purchase Price. Seller and Purchaser hereby agree to amend the Agreement to delete the first
sentence of Section 2 of the Agreement and substitute the following therefore: 
 “The total consideration to be paid
by Purchaser to Seller for the Property is Sixteen Million and No/100ths Dollars ($16,000,000.00) (the “Purchase Price”).” 
 3.    Review Period. Purchaser hereby acknowledges and confirms that the Review Period has expired, that Purchaser has inspected, and is satisfied with, the physical
condition of the Property and, therefore, Purchaser hereby waives its right to terminate the Agreement as set forth in Section 8.1.1 of the Agreement. Purchaser hereby acknowledges and confirms that Purchaser has reviewed, and is satisfied
with, the condition of the Title Commitment and the title exception documents and, therefore, Purchaser hereby waives its right

 
to terminate the Agreement as set forth in Section 3.3 of the Agreement based upon the condition of the Title Commitment or title exception documents. Purchaser has reviewed the Updated
Survey but is waiting to receive certain zoning information with respect to matters raised on the Updated Survey. Seller hereby agrees that Purchaser shall have until 5:00 p.m. (Chicago time) on August 11, 2009 to receive said zoning
information and to satisfy itself as and the condition of the Updated Survey. If Purchaser determines that the Updated Survey is unsatisfactory based on said zoning information and so notifies Seller in writing within the aforesaid time period, the
Earnest Money shall be returned to Purchaser, at which time this Agreement shall be null and void and neither party shall have any further rights or obligations under this Agreement except those which expressly survive termination. Purchaser’s
failure to terminate this Agreement pursuant to the foregoing sentence shall be conclusively deemed a waiver by Purchaser of the condition contained in this Section 3. 
 4.    Effectiveness of Agreement. Except as modified by this Amendment, all the terms of the Agreement
shall remain unchanged and in full force and effect. 
 5.    Counterparts. This Amendment may
be executed and delivered in any number of counterparts, each of which shall be deemed to be an original and all of which shall constitute one and the same instrument. Handwritten signatures to this Amendment transmitted by telecopy or electronic
transmission (for example, through use of a Portable Document Format or “PDF” file) shall be valid and effective to bind the party so signing. 
 [remainder of this page intentionally left blank] 
  

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 IN WITNESS WHEREOF, Seller and Purchaser have executed and delivered this Amendment as of the date first
above written. 
  

					
	SELLER:
	
	ERP OPERATING LIMITED PARTNERSHIP,
an Illinois limited partnership,
		
	By:	 	Equity Residential, a Maryland real estate investment trust, its general partner
			
		 	By:	 	/s/ Jason Babcock
		 	Name:	 	Jason Babcock
		 	Its:	 	Vice President
	
	PURCHASER:
	
	NORTHVIEW REALTY GROUP INC.,
a Canadian corporation
		
	By:	 	/s/ Doug Reim
	Name:	 	Doug Reim
	Its:	 	Principal

  

 - 3 -Third Agreement to Real Estate Sale Agreement

 EXHIBIT 10.4 
 LOFTON PLACE APARTMENTS 
 TAMPA, FLORIDA

 THIRD AMENDMENT TO REAL ESTATE SALE AGREEMENT 
 THIS THIRD AMENDMENT TO REAL ESTATE SALE AGREEMENT (this “Amendment”) is made as of the 11th day of August, 2009, by and between
ERP OPERATING LIMITED PARTNERSHIP, an Illinois limited partnership (“Seller”), with an office at c/o Equity Residential, Two North Riverside Plaza, Suite 400, Chicago, Illinois 60606, and NORTHVIEW REALTY GROUP INC., a Canadian corporation
(“Purchaser”), with an office at 550 Sherbrook, Suite 1480, Montreal, OC Canada H3A 1B9. 
 RECITALS 

A.    Seller and Purchaser entered into a Real Estate Sale Agreement dated as of June 8, 2009, as amended by
that certain Reinstatement of and First Amendment to Real Estate Sale Agreement dated as of July 23, 2009 and that certain Second Amendment to Real Estate Sale Agreement dated as of August 6, 2009 (collectively, the “Agreement”),
pursuant to which Seller agreed to sell to Purchaser, and Purchaser agreed to buy from Seller the Property (as defined in the Agreement). 
 B.    Seller and Purchaser have agreed to modify the terms of the Agreement as set forth in this Amendment. 
 THEREFORE, in consideration of the above Recitals, the mutual covenants and agreements herein set forth and the benefits to be derived
therefrom, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Purchaser and Seller agree as follows: 
 1.    Incorporation of Recitals; Definitions. The foregoing recitals are incorporated herein as a substantive part of this Amendment. Capitalized terms not otherwise
defined herein shall have the meaning given such terms in the Agreement. Section numbers refer to the corresponding section numbers in the Agreement. 
 2.    Survey. Purchaser has reviewed the Updated Survey but is waiting to receive certain zoning information with respect to matters raised on the Updated Survey. Seller
hereby agrees that Purchaser shall have until 5:00 p.m. (Chicago time) on August 12, 2009 to satisfy itself as to the condition of the Updated Survey. If Purchaser determines that the Updated Survey is unsatisfactory based on said zoning
information and so notifies Seller in writing within the aforesaid time period, the Earnest Money shall be returned to Purchaser, at which time this Agreement shall be null and void and neither party shall have any further rights or obligations
under this Agreement except those which expressly survive termination. Purchaser’s failure to terminate this Agreement pursuant to the foregoing sentence shall be conclusively deemed a waiver by Purchaser of the condition contained in this
Section 2. 

 3.    Effectiveness of Agreement. Except as modified by
this Amendment, all the terms of the Agreement shall remain unchanged and in full force and effect. 
 4.    Counterparts. This Amendment may be executed and delivered in any number of counterparts, each of which shall be deemed to be an original and all of which shall constitute one and the same instrument.
Handwritten signatures to this Amendment transmitted by telecopy or electronic transmission (for example, through use of a Portable Document Format or “PDF” file) shall be valid and effective to bind the party so signing. 
 [remainder of this page intentionally left blank] 
  

 - 2 - 

 IN WITNESS WHEREOF, Seller and Purchaser have executed and delivered this Amendment as of the date first
above written. 
  

					
	SELLER:
	
	ERP OPERATING LIMITED PARTNERSHIP,
an Illinois limited partnership,
		
	By:	 	Equity Residential, a Maryland real estate investment trust, its general partner
			
		 	By:	 	/s/ Matt Wakenright
		 	Name:	 	Matt Wakenright
		 	Its:	 	First Vice President
	
	PURCHASER:
	
	NORTHVIEW REALTY GROUP INC.,
a Canadian corporation
		
	By:	 	/s/ Charles Thompson
	Name:	 	Charles Thompson
	Its:	 	Authorized Agent

  

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