Common use of Qualified Property Manager Clause in Contracts

Qualified Property Manager. Either (i) a financially sound, professional property management company, experienced in managing properties similar in type and quality to the Property, and which is one of the top three institutional property management companies in the real estate market where the Property is located, based on the square footage of space under its management or (ii) another property management company approved in writing by the Lender.

Appears in 3 contracts

Samples: Loan Agreement (Pillarstone Capital Reit), Loan Agreement (Whitestone REIT), Loan Agreement (Whitestone REIT Operating Partnership, L.P.)

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Qualified Property Manager. Either (i) a financially sound, professional property management company, experienced in managing properties similar in type and quality to the PropertyProject, and which is one of the top three institutional property management companies in the real estate market where the Property Project is located, based on the square footage of space under its management or (ii) another property management company approved in writing by the Lender.

Appears in 1 contract

Samples: Loan Assumption Agreement (Inland Diversified Real Estate Trust, Inc.)

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