Midori Holcomb TIC Investors v. Nantucket Parent, LLC., Atlanta, Georgia
A TIC ownership group leased a parking lot for the tenants of their office building in Atlanta, Georgia. Based upon the terms of the lease, the former owner of the property was required to reimburse the TIC owners up to $500,000 over the life of the lease out of a Holdback/Escrow Agreement. When the owners lost the property to foreclosure, Nantucket was still holding funds that should have been paid to the owners. Nantucket took the position that they no longer owed anything to the owners due to the foreclosure proceedings. Rubin & Rubin entered litigation to collect funds that rightfully belonged to the TIC owners. 100% of the funds in question were recovered in a settlement prior to trial.









