AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP: M&A transaction — AEI Net Lease Income & Growth Fund XX sells Family Dollar store in Mobile, AL for $340K, incurring $35K loss

AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP

Sold Family Dollar property at 6510 Ziegler Blvd, Mobile, AL to unrelated third party Mohammed Salim Ismail.
Net cash proceeds of approximately $340,000 resulted in a net loss of approximately $35,000 on the sale.
Pro forma shows net income would have decreased by $45,168 for FY 2021 and by $23,897 for H1 2022 had the sale occurred on Jan 1, 2021.
Pro forma net income per unit would have been $27.33 (FY 2021) and $37.64 (H1 2022) versus actual $29.42 and $38.90, respectively.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP completed a disposition involving Mohammed Salim Ismail for net cash proceeds of approximately $340,000 (closed 2022-11-07).

Action: disposition
Counterparty: Mohammed Salim Ismail
Consideration: net cash proceeds of approximately $340,000
Closing: 2022-11-07

Exact text from the filing

On November 7, 2022, the Partnership sold a Family Dollar store in Mobile, Alabama to Mohammed Salim Ismail, an unrelated third party. The Partnership received net cash proceeds of approximately $340,000 for the property, which resulted in a net loss of approximately $35,000.

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Source: SEC EDGAR

accession 0000894245-22-000114

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