Common use of Relative Benefits Clause in Contracts

Relative Benefits. The relative benefits received by the Company and the Operating Partnership, the Dealer Manager and the Participating Dealer, respectively, in connection with the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement shall be deemed to be in the same respective proportion as the total net proceeds from the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement (before deducting expenses), received by the Company, and the total selling commissions and Dealer Manager Fees received by the Dealer Manager and the Participating Dealer, respectively, in each case as set forth on the cover of the Prospectus bear to the aggregate initial public offering price of the Primary Shares as set forth on such cover.

Relative Benefits. The relative benefits received by the Company and the Operating Partnership, the Dealer Manager and the Participating Dealer, respectively, in connection with the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement shall be deemed to be in the same respective proportion as the total net proceeds from the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement (before deducting expenses), received by the Company, and the total selling commissions and commissions, Dealer Manager Fees and the Distribution Fees received by the Dealer Manager and the Participating Dealer, respectively, in each case as set forth on in the cover “Plan of Distribution” section of the Prospectus bear to the aggregate initial public offering price of the Primary Shares as set forth on in such coversection.

Relative Benefits. The relative benefits received by the Company and the Operating Partnership, the Dealer Manager and the Participating Dealer, respectively, in connection with the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement shall be deemed to be in the same respective proportion as the total net proceeds from the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement (before deducting expenses), received by the Company, and the total selling commissions and Dealer Manager Fees received by the Dealer Manager and the Participating Dealer, respectively, in each case as set forth on in the cover “Plan of Distribution” section of the Prospectus bear to the aggregate initial public offering price of the Primary Shares as set forth on in such coversection.

Relative Benefits. The relative benefits received by the Company and the Operating PartnershipCompany, the Dealer Manager and the Participating Broker-Dealer, respectively, in connection with the offering of proceeds received in the Primary Shares Offering pursuant to this Agreement and the relevant Participating Broker-Dealer Agreement shall be deemed to be in the same respective proportion as the total net proceeds from the offering of the Primary Shares Offering pursuant to this Agreement and the relevant Participating Broker-Dealer Agreement (before deducting expenses), received by the Company, and the total selling commissions and Dealer Manager Fees dealer manager fees received by the Dealer Manager and the Participating Broker-Dealer, respectively, in each case as set forth on the cover of the Prospectus bear to the aggregate initial public offering price of the Shares sold in the Primary Shares Offering as set forth on such cover.

Relative Benefits. The relative benefits received by the Company and the Operating Partnership, the Dealer Manager and the Participating Dealer, respectively, in connection with the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement shall be deemed to be in the same respective proportion as the total net proceeds from the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement (before deducting expenses), received by the Company, and the total selling commissions and commissions, Dealer Manager Fees and distribution and shareholder servicing fees received by the Dealer Manager and the Participating Dealer, respectively, in each case as set forth on in the cover “Plan of Distribution” section of the Prospectus bear to the aggregate initial public offering price of the Primary Shares as set forth on in such coversection.

Relative Benefits. The relative benefits received by the Company and the Operating Partnership, the Dealer Manager and the Participating Dealer, respectively, in connection with the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement shall be deemed to be in the same respective proportion as the total net proceeds from the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement (before deducting expenses), received by the Company, and the total selling commissions and commissions, Dealer Manager Fees and Distribution Fees received by the Dealer Manager and the Participating Dealer, respectively, in each case as set forth on in the cover “Plan of Distribution” section of the Prospectus bear to the aggregate initial public offering price of the Primary Shares as set forth on in such coversection.

Relative Benefits. The relative benefits received by the Company and the Operating Partnership, the Dealer Manager and the Participating Dealer, respectively, in connection with the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement shall be deemed to be in the same respective proportion as the total net proceeds from the offering of the Primary Shares pursuant to this Agreement and the relevant Participating Dealer Agreement (before deducting expenses), received by the Company, and the total selling commissions and commissions, Dealer Manager Fees and Distribution Fees received by the Dealer Manager and the Participating Dealer, respectively, in each case as set forth on in the cover “Plan of Distribution” section of the Prospectus bear to the aggregate initial public offering price of the Primary Shares as set forth on in such cover.section. NY 246001196v2