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)
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: Management Services Agreement (Impact Housing REIT, LLC)
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: Management Services Agreement (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: Management Services Agreement (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)