Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 40 contracts
Samples: Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), Investments before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 40 contracts
Samples: Advisory Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Advisory Agreement (Moody National REIT II, Inc.), Advisory Agreement (Moody National REIT II, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, bad debts or other non-cash reserves, reserves computed by taking the average of such values at the end of each month during such period.
Appears in 22 contracts
Samples: Advisory Agreement (CNL Healthcare Properties II, Inc.), Advisory Agreement (CNL Healthcare Properties II, Inc.), Advisory Agreement (CNL Healthcare Properties II, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in Real Estate Related Securities, Debt Investments and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Real Properties, before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 21 contracts
Samples: Advisory Agreement (Ares Real Estate Income Trust Inc.), Advisory Agreement (Ares Real Estate Income Trust Inc.), Advisory Agreement (Ares Real Estate Income Trust Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting deduction for depreciation, bad debts or other non-cash reserves, computed by taking the average of such the values at the end of each month during such the period.
Appears in 20 contracts
Samples: Advisory Agreement (Lightstone Value Plus REIT V, Inc.), Advisory Agreement (Lightstone Value Plus REIT V, Inc.), Advisory Management Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value Book Value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by Real Estate-Related Investments or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Properties, before deducting reserves for depreciation, amortization, bad debts debt or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 13 contracts
Samples: Advisory Agreement (Griffin-American Healthcare REIT IV, Inc.), Advisory Agreement (Griffin-American Healthcare REIT IV, Inc.), Advisory Agreement (Griffin-American Healthcare REIT IV, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in Properties and loans Loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 13 contracts
Samples: Transition Services Agreement (Columbia Property Trust, Inc.), Transition Services Agreement (Wells Real Estate Investment Trust Ii Inc), Consulting Services Agreement (Columbia Property Trust, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectlyindirectly by the Operating Partnership, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), Investments before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 10 contracts
Samples: Advisory Agreement (Sterling Real Estate Trust), Advisory Agreement (Sterling Real Estate Trust), Advisory Agreement (Sterling Real Estate Trust)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in Real Estate Related Securities and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Real Properties, before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 7 contracts
Samples: Advisory Agreement (Dividend Capital Total Realty Trust Inc.), Advisory Agreement (Dividend Capital Total Realty Trust Inc.), Advisory Agreement (Dividend Capital Total Realty Trust Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), Investments before deducting reserves for depreciation, amortization, bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 7 contracts
Samples: Advisory Agreement (RREEF Property Trust, Inc.), Advisory Agreement (RREEF Property Trust, Inc.), Advisory Agreement (RREEF Property Trust, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value Book Value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by Real Estate Related Securities or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Properties, before deducting reserves for depreciation, bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 7 contracts
Samples: Advisory Agreement (Grubb & Ellis Healthcare REIT, Inc.), Advisory Agreement (NNN Healthcare/Office REIT, Inc.), Advisory Agreement (NNN Healthcare/Office REIT, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in, and Loans secured by, Real Estate, or in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)other Permitted Investments, before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 6 contracts
Samples: Advisory Agreement (CNL Lifestyle Properties Inc), Advisory Agreement (CNL Lifestyle Properties Inc), Advisory Agreement (CNL Lifestyle Properties Inc)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 6 contracts
Samples: Advisory Agreement (Orange Hospitality, INC), Advisory Agreement (Orange Hospitality, INC), Advisory Agreement (Orange Hospitality, INC)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Assets, before deducting reserves for depreciation, amortization, bad debts or other similar non-cash reserves, other than impairment charges, computed by taking the average of such values at the end of each month business day during such period.
Appears in 5 contracts
Samples: Advisory Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Advisory Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Advisory Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value Book Value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Properties, before deducting reserves for depreciation, bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 4 contracts
Samples: Advisory Agreement (REITPlus, Inc.), Advisory Agreement (REITPlus, Inc.), Advisory Agreement (REITPlus, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in Properties and loans Loans secured by or related to real estate (includingbefore reserves for depreciation, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciationdepletion, bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 4 contracts
Samples: Advisory Agreement (Wells Timber Real Estate Investment Trust, Inc.), Advisory Agreement (Wells Timber Real Estate Investment Trust, Inc.), Advisory Agreement (Wells Timberland REIT, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Properties, before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 4 contracts
Samples: Advisory Agreement (Rich Uncles NNN REIT, Inc.), Advisory Agreement (Rich Uncles NNN REIT, Inc.), Advisory Agreement (Rich Uncles NNN REIT, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), Investments before deducting reserves for depreciation, amortization, bad debts or other similar non-cash reserves, other than impairment charges, computed by taking the average of such values at the end of each month during such period.
Appears in 3 contracts
Samples: Advisory Agreement (RREEF Property Trust, Inc.), Advisory Agreement (RREEF America Property Income Trust, Inc.), Advisory Agreement (RREEF America Property Income Trust, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting deduction for depreciation, bad debts or other non-cash reserves, computed by taking the average of such the values at the end of each month during such the period. Board. The Board of Directors of the Company.
Appears in 3 contracts
Samples: Advisory Management Agreement (Behringer Harvard Opportunity REIT II, Inc.), Advisory Management Agreement (Behringer Harvard Opportunity REIT II, Inc.), Advisory Management Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Average Invested Assets. For a specified period, the The average during any period of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)assets of the Company’s Investments, before deducting reserves for depreciation, bad debts or debts, impairments, amortization and all other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 2 contracts
Samples: Asset Management Agreement (W P Carey & Co LLC), Asset Management Agreement (Corporate Property Associates 16 Global Inc)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Assets, before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 2 contracts
Samples: Advisory Agreement (CNL Macquarie Global Growth Trust, Inc.), Advisory Agreement (CNL Macquarie Global Growth Trust, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in Properties, Loans and loans other Permitted Investments secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 2 contracts
Samples: Advisory Agreement (Wells Core Office Income Reit Inc), Advisory Agreement (Wells Core Office Income Reit Inc)
Average Invested Assets. For a specified period, the average of the aggregate book value Book Value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by Real Estate-Related Investments or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Properties, before deducting reserves for depreciation, amortization, bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period (for loans, the average of the aggregate loan balances outstanding at the end of each month during such period).
Appears in 2 contracts
Samples: Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.), Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Trust invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)estate, before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Fidelity Property Income Trust), Investment Advisory Agreement (Fidelity Property Income Trust)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Properties, before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of comparing such values at the end of each month during to such periodvalues at the end of the immediately preceding month.
Appears in 2 contracts
Samples: Advisory Agreement (Rich Uncles NNN REIT, Inc.), Advisory Agreement (Rich Uncles NNN REIT, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting deduction for depreciation, bad debts or other non-cash reserves, computed by taking the average of such the values at the end of each month during the period. Base Fee Amount. Base Fee Amount shall have the meaning ascribed to such periodterm in Section 3.01(d).
Appears in 2 contracts
Samples: Master Modification Agreement (Behringer Harvard Multifamily Reit I Inc), Advisory Management Agreement (Behringer Harvard Multifamily Reit I Inc)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by Properties, or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)other Permitted Investments, before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 2 contracts
Samples: Advisory Agreement (Rich Uncles REIT, Inc.), Advisory Agreement (Rich Uncles REIT, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value Book Value of the Assets assets of the Company invested, directly or indirectly, in equity interests in Properties and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgageReal Estate-backed securities, mezzanine loans and residential mortgage-backed securities)Related Investments, before deducting reserves for depreciation, amortization, bad debts debt or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period (for loan receivables, the average of the aggregate loan receivable balances outstanding at the end of each month during such period).
Appears in 1 contract
Samples: Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.)
Average Invested Assets. For a specified period, the The average during any period of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests Properties and in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Loans, before deducting reserves for depreciation, bad debts or impairments, amortization and all other similar non-cash reserves, reserves computed by taking the average of such values at the end of each month during such period. Board or Board of Directors. The Board of Directors of the Company.
Appears in 1 contract
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period..
Appears in 1 contract
Samples: Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by real estate, or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)other Permitted Investments, before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 1 contract
Samples: Advisory Agreement (Rich Uncles Real Estate Investment Trust I)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 1 contract
Samples: Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period..
Appears in 1 contract
Samples: Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)
Average Invested Assets. For a specified period, the The average during any period of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests Properties and in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)Loans, before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, reserves computed by taking the average of such daily values at the end of each month during such period.
Appears in 1 contract
Average Invested Assets. For a specified period, the average of the aggregate book value Book Value of the Assets assets of the Company invested, directly or indirectly, in equity interests in Properties and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgageReal Estate-backed securities, mezzanine loans and residential mortgage-backed securities)Related Investments, before deducting reserves for depreciation, amortization, bad debts debt or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 1 contract
Samples: Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectlyindirectly by the Operating Partnership, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), Investments before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period..
Appears in 1 contract
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)estate, before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 1 contract
Samples: Advisory Management Agreement (Behringer Harvard Multifamily REIT II, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectlyindirectly by the Operating Partnership, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), Investments before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period. Effective 1.1.15 Board. The board of trustees of the Company, as of any particular time.
Appears in 1 contract
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectlyindirectly by the Operating Partnership, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), Investments before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period. Board. The board of trustees of the Company, as of any particular time.
Appears in 1 contract
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)estate, before deducting depreciation, reserves for depreciation or bad debts or other non-cash similar noncash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 1 contract
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 1 contract
Samples: Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)
Average Invested Assets. For a specified any period, the average of the aggregate book value values of the Assets assets of the Borrower invested, directly or indirectly, in equity interests the Mortgage Loans (or an interest in the Mortgage Loans) and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)the Excluded Mortgage Loans, before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 1 contract
Samples: Revolving Credit Agreement (Foundation Capital Resources Inc)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets of the Company invested, directly or indirectly, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities)estate, before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 1 contract
Samples: Advisory Management Agreement (Adaptive Real Estate Income Trust, Inc.)
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectlyindirectly by the Operating Partnership, in equity interests in and loans secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), Investments before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period. a Board. The board of trustees of the Company, as of any particular time.
Appears in 1 contract
Average Invested Assets. For a specified period, the average of the aggregate book value of the Assets assets of the Company invested, directly or indirectly, in equity interests in Properties and loans made by the Company which are secured by or related to real estate (including, without limitation, equity interests in REITs, mortgage pools, commercial mortgage-backed securities, mezzanine loans and residential mortgage-backed securities), before deducting depreciation, reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.
Appears in 1 contract
