SOLD

Property Overview:

Park Lane Villas East is a 100-unit luxury apartment building complex located in the heart of Sonoma wine country less than 10 minutes from downtown Santa Rosa. Park Lane Villas East offers luxury apartment living at its finest. Top-tier amenities such as gourmet kitchens with granite slab counter tops and gas ranges, stylish master suites, elegantly appointed baths and comfortable balconies afford every resident the perfect environment to relax and entertain. The location is ideal. Shopping, schools, churches, parks, and transit are all nearby. Village Green Park is directly across the street and Historic Downtown Santa Rosa is only a 10 minute drive.

Offer Process:

Buyers should submit offers utilizing a letter of intent. Buyers may request an outline for the letter of intent from the listing agent. Once an offer/offers are submitted, the following procedure will be implemented for offer review:

1. All offers will be presented to Asset Managers for review.
2. Asset Manager will review and submit all offers to USMS for consideration with a recommendation to proceed.
3. The Local Broker will provide a contract package to the prospective Buyer to review and sign. Please see the attached contract, terms, and attachments. It is the Buyer's responsibility to review and approve the attached contract prior to the submission of an offer to purchase.
4. Buyer returns signed contract, while simultaneously submitting the required earnest money deposit.
5. Asset Manager will write a case to support the proposed offer while providing information on all offers. Please note it is not an executed contract until USMS signs the contract.
6. Case is submitted to USMS to review.
7. USMS chooses to execute or reject the proposed offer.
8. If executed, Asset Manager returns an executed contract to brokers to distribute to the Buyer.
9. Contract timelines begin once executed by USMS.
10. Once any due diligence or financing contingencies are cleared, the earnest money becomes hard, and the contract moves toward close.
11. Contract closes per the timeline outlined in the agreement, funds are disbursed to all parties.

PLEASE NOTE ALL OFFERS AND SOURCE OF FUNDS WILL BE REVIEWED AT TIME OF OFFER SUBMISSION BY USMS AND DOJ.

USMS and DOJ reserves the right to change the above process, reject all offers, call for a best and final, or cancel the sale.