Common use of Direct Investments Clause in Contracts

Direct Investments. When the Fund acquires a fee simple interest in real estate, the Manager will be entitled to a fee equal to one percent (1.00%) if the acquisition dollar amount is greater than or equal to ten million dollars (>= $10m) and one and one half percent (1.50%) if it is less than ten million dollars (< $10m).

Direct Investments. When the Fund acquires a fee simple interest in real estate, the Manager will be entitled to a fee equal to one percent (1.00%) if the acquisition dollar amount is greater than or equal to ten million dollars (>= $10m) and one and one half percent (1.501.5%) if it is less than ten million dollars (< $10m)of the cost of such real estate.

Direct Investments. When the Fund acquires a fee simple interest in real estate, the Manager will be entitled to a fee equal to one percent (1.001.0%) if the acquisition dollar amount is greater than or equal to ten million dollars (>= $10m) and one and one half percent (1.50%) if it is less than ten million dollars (< $10m).