A real estate closing that had it all. A buyer that formed two LLCs to buy leasehold land from an LLC owner, and also bought the land from a partnership, extinguishing the ground rent, to become a fee simple owner, and IRC 1031 exchange, a subscription agreement where the land seller, a partnership, acquired a membership interest int he buyer's LLC in exchange for the land, an EDU allocation agreement, a zoning report from Worchester County, an assignment of contracts, permits and licenses, an assignment of leases and security deposits, a rent toll certificate, a bill of sale, a waiver of a first right of refusal, rental adjustments, ground rent adjustments, UCC Financing Statement filings, and attorney opinion letters to the lender. A process that began on October 8 closed on January 8 for $28,200,000 with a $19,000,000 loan, and the west Ocean City Outlets are under new ownership.