Common use of Investment Through Joint Venture Clause in Contracts

Investment Through Joint Venture. When a joint venture of which the Fund is a member sells or otherwise disposes of a fee simple interest in real estate, the Manager will be entitled to a fee from the joint venture, based on the agreement with the other members of the joint venture. In addition, the Manager will be entitled to a fee from the Fund equal to twenty-five basis points (0.25%) of the selling price of the real estate multiplied by the Fund’s percentage interest in the joint venture.

Appears in 3 contracts

Samples: Management Services Agreement (Concreit Fund I LLC), Management Services Agreement (Concreit Fund I LLC), Management Services Agreement (Concreit Fund I LLC)

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Investment Through Joint Venture. When a joint venture of which the Fund is a member sells or otherwise disposes of a fee simple interest in obtains financing for real estateestate owned by the joint venture, the Manager will be entitled to a fee from the joint venture, based on the agreement with the other members of the joint venture. In addition, the Manager will be entitled to a fee from the Fund equal to twenty-five basis points one percent (0.251.00%) of the selling price gross amount of the real estate financing multiplied by the Fund’s percentage interest in the joint venture.

Appears in 2 contracts

Samples: Management Services Agreement (Concreit Fund I LLC), Management Services Agreement (Concreit Fund I LLC)

Investment Through Joint Venture. When a joint venture of which the Fund is a member sells or otherwise disposes of a fee simple interest in obtains financing for real estateestate owned by the joint venture, the Manager will may be entitled to a fee from the joint venture, based on the agreement with the other members of the joint venture. In addition, the Manager will be entitled to a fee from the Fund equal to twenty-five basis points one percent (0.251%) of the selling price gross amount of the real estate financing multiplied by the Fund’s percentage interest in the joint venture.

Appears in 1 contract

Samples: 1a 6a (Impact Housing REIT, LLC)

Investment Through Joint Venture. When a joint venture of which the Fund is a member sells or otherwise disposes of a fee simple interest in obtains financing for real estateestate owned by the joint venture, the Manager will be entitled to a fee from the joint venture, based on the agreement with the other members of the joint venture. In addition, the Manager will be entitled to a fee from the Fund equal to twenty-five basis points one percent (0.251%) of the selling price gross amount of the real estate financing multiplied by the Fund’s percentage interest in the joint venture.

Appears in 1 contract

Samples: Management Services Agreement (Concreit Fund I LLC)

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Investment Through Joint Venture. When a joint venture of which the Fund is a member sells or otherwise disposes of acquires a fee simple interest in real estate, the Manager will may be entitled to a fee from the joint venture, based on the agreement with the other members of the joint venture. In addition, the Manager will be entitled to a fee from the Fund equal to twenty-five basis points one percent (0.251%) of the selling price cost of the real estate multiplied by the Fund’s percentage interest in the joint venture.

Appears in 1 contract

Samples: 1a 6a (Impact Housing REIT, LLC)

Investment Through Joint Venture. When a joint venture of which the Fund is a member sells or otherwise disposes of a fee simple interest in real estate, the Manager will may be entitled to a fee from the joint venture, based on the agreement with the other members of the joint venture. In addition, the Manager will be entitled to a fee from the Fund equal to twenty-five basis points one percent (0.251%) of the selling price of the real estate multiplied by the Fund’s percentage interest in the joint venture.

Appears in 1 contract

Samples: 1a 6a (Impact Housing REIT, LLC)

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