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VRTB > SEC Filings for VRTB > Form 8-K on 6-Dec-2011All Recent SEC Filings

Show all filings for VESTIN REALTY MORTGAGE II, INC

Form 8-K for VESTIN REALTY MORTGAGE II, INC


6-Dec-2011

Completion of Acquisition or Disposition of Assets


Item 2.01 Completion of Acquisition or Disposition of Assets

On December 1, 2011, Vestin Realty Mortgage II, Inc., a Maryland corporation ("VRTB") closed the sale of its membership interests in Hawaii Funeral Services, LLC to NorthStar Hawaii, LLC, a Delaware limited liability company. The sale was effected pursuant to a Membership Interest Purchase Agreement dated October 3, 2011 entered into by and between Vestin Realty Mortgage I, Inc., a Maryland corporation, Vestin Realty Mortgage II, Inc., a Maryland corporation and NorthStar Hawaii, LLC, a Delaware limited liability company, a subsidiary of NorthStar Memorial Group. LLC ("NorthStar"). A copy of the Purchase Agreement was filed by VRTB as an exhibit to its report on Form 8-K/A dated November 14, 2011. VRTB received the entire purchase price at the closing resulting in net proceeds to VRTB of $8,866,000.


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