Serviced Apartment Portfolio Sample Clauses

Serviced Apartment Portfolio. Xxx Xxxx XXXX’s serviced apartment portfolio comprises Xxx Xxxxx Xxxxxxxxxx xx Xxxxxxx Xxxxxxxx Xxxxx and The Residences at Sofitel Shenyang Lido. During the Reporting Period, revenue amounted to RMB90 million (2020: RMB95 million). NPI was RMB42 million (2020: RMB48 million). Xxx Xxxxx Xxxxxxxxxx xx Xxxxxxx Xxxxxxxx Xxxxx is one of the largest serviced apartment developments in downtown Beijing. During H1 2021, the inventory of apartment units increased to 836 units after the conversion of a number of hotel rooms. The number of units leased was up by 7.2% year-on-year. Average occupancy rate was 81.9% based on the enlarged unit inventory (2020: 84.2%). The expatriate market had been a vital source of revenue for The Tower Apartments. Entry visa and border controls for foreigners to China, especially Beijing, were very strict due to the pandemic controls. The number of new expatriate tenants at The Tower Apartments dropped as compared to pre-pandemic period. The Tower Apartments focused on the rapidly-growing affluent domestic market, including those from both Beijing and other Chinese cities. In Shenyang, The Residences at Sofitel Shenyang Lido offers 134 apartment units for leasing. The newly- launched project has been building up its brand and occupancy rate during H1 2021. Average occupancy rose to 66.0% from 51.1% a year earlier. With a dedicated entrance, lobby and exclusive guest lifts, serviced apartment guests can enjoy a new level of privacy, comfort and convenience. INTERIM REPORT 2021 13
Sample 1
Serviced Apartment Portfolio. The leasing business of serviced apartment was also affected by the COVID-19 pandemic, though to a lesser extent than the other sectors. Due to the travel restrictions and lockdown, fewer site inspections for prospective tenants could be arranged. Thus, it became more difficult to recruit new tenants. In addition, expatriates who are a target market cannot travel to China. Hui Xian REIT’s serviced apartment portfolio comprises two projects and NPI was RMB48 million (2019: RMB48 million) during the Reporting Period. The Towers Apartment at Beijing Oriental Plaza, one of Beijing’s largest serviced apartment developments, has a total inventory of 809 units, spreading across four towers. Despite the leasing challenges, occupancy rate was maintained at 84.2% (2019: 84.8%) due to its reputation and central location in downtown Beijing. Over in Shenyang, the newly-launched “The Residences at Sofitel Shenyang Lido” which offered 134 serviced apartment units started to build up its occupancy and brand awareness. Occupancy rate was 52.5%.
Sample 1
Serviced Apartment Portfolio. Retaining Tenants through Enhanced Services
Sample 1
Serviced Apartment Portfolio. Hui Xian REIT’s serviced apartment portfolio comprises (i) The Tower Apartments at Beijing Oriental Plaza, one of Beijing’s largest serviced apartment developments and (ii) The Residences at Sofitel Shenyang Lido. NPI was RMB48 million (2018: RMB47 million) during the Reporting Period.
Sample 1
Serviced Apartment Portfolio. Hui Xian REIT’s serviced apartment portfolio encompasses Xxx Xxxxx Xxxxxxxxxx xx Xxxxxxx Xxxxxxxx Xxxxx and The Residences at Sofitel Shenyang Lido. During the Reporting Period, revenue was up by 2.4% year-on-year to RMB95 million. NPI amounted to RMB48 million (2019: RMB48 million). Xxx Xxxxx Xxxxxxxxxx xx Xxxxxxx Xxxxxxxx Xxxxx offers a total inventory of 809 units for leasing and is one of the largest serviced apartment developments in downtown Beijing. Occupancy rate was 84.2% (2019: 84.8%). The newly-launched “The Residences at Sofitel Shenyang Lido” features 134 fully-furnished units for leasing. Occupancy rate was 52.5%. With a dedicated entrance, lobby and exclusive guest lifts, serviced apartment guests can enjoy a new level of privacy, comfort and convenience.
Sample 1
Serviced Apartment Portfolio. Xxx Xxxx XXXX’s serviced apartment portfolio consists of (i) The Tower Apartments at Beijing Oriental Plaza and (ii) The Residences at Sofitel Shenyang Lido. During the year, revenue amounted to RMB180 million (2020: RMB178 million). NPI was RMB86 million (2020: RMB85 million). The Tower Apartments at Beijing Oriental Plaza is one of the largest serviced apartment developments in downtown Beijing offering a total of 836 units for leasing. Average occupancy rate was 82.7% (2020: 82.1%) during the year.
Sample 1
Serviced Apartment Portfolio. Hui Xian REIT’s serviced apartment portfolio consists of Xxx Xxxxx Xxxxxxxxxx xx Xxxxxxx Xxxxxxxx Xxxxx and The Residences at Sofitel Shenyang Lido. During the Reporting Period, the portfolio’s revenue was up by 12.3% year-on-year to RMB93 million and NPI increased 1.2% year-on-year to RMB48 million.
Sample 1

Related to Serviced Apartment Portfolio

  • Investment Portfolio All investment securities held by Seller or its Subsidiaries, as reflected in the consolidated balance sheets of Seller included in the Seller Financial Statements, are carried in accordance with GAAP, specifically including but not limited to, FAS 115.

  • Portfolio The portfolio is due by the end of the 12th week.

  • New Portfolio The Trust hereby authorizes MID to participate in the distribution of Class B shares of the following new portfolio ("New Portfolio") on the terms and conditions contained in the Agreement: Rainier Large Cap Equity Portfolio

  • Specially Serviced Mortgage Loans (a) The Master Servicer shall send a written notice to the Special Servicer, the Controlling Class Representative (during any Subordinate Control Period and any Collective Consultation Period), the Trust Advisor (other than during any Subordinate Control Period), the 17g-5 Information Provider (who shall promptly post such notice on the 17g-5 Information Provider’s Website), the Certificate Administrator (who shall promptly post such notice on the Certificate Administrator’s Website), the Trustee, the Custodian, the related Seller and solely as it relates to any A/B Whole Loan, to the holder of the related B Note and solely as it relates to any Loan Pair, to the holder of the related Serviced Companion Loan, within five (5) Business Days after becoming aware of a Servicing Transfer Event with respect to a Mortgage Loan, which notice shall identify the related Mortgage Loan and set forth in reasonable detail the nature and relevant facts of such Servicing Transfer Event and whether such Mortgage Loan is covered by an Environmental Insurance Policy (and for purposes of stating whether such Mortgage Loan is covered by an Environmental Insurance Policy the Master Servicer may rely on Schedule IX attached hereto) and, in the case of the Special Servicer, shall be accompanied by a copy of the Servicer Mortgage File. (b) Prior to or concurrently with the transfer of the servicing of any Specially Serviced Mortgage Loan to the Special Servicer, the Master Servicer shall notify the related Mortgagor of such transfer in accordance with the Servicing Standard (and shall send a copy of such notice to the Special Servicer). (c) Any calculations or reports prepared by the Master Servicer to the extent they relate to Specially Serviced Mortgage Loans shall be based on information supplied to the Master Servicer in writing by the Special Servicer as provided hereby. The Master Servicer shall have no duty to investigate or confirm the accuracy of any information provided to it by the Special Servicer and shall have no liability for the inaccuracy of any of its reports due to the inaccuracy of the information provided by the Special Servicer. (d) Subject to Section 5.4(e), on or prior to each Distribution Date, the Master Servicer shall provide to the Special Servicer, in order for the Special Servicer to comply with its obligations under this Agreement, such information (and in the form and medium) as the Special Servicer may reasonably request in writing from time to time.

  • Whole Loan Each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan.

  • New Portfolios a. Effective April 12, 2021, the following Portfolio is hereby added to the Agreement on the terms and conditions contained in the Agreement: • EQ/Core Plus Bond Portfolio b. Effective April 30, 2021, the following Portfolios are hereby added to the Agreement on the terms and conditions contained in the Agreement: • EQ/Aggressive Allocation Portfolio • EQ/Conservative Allocation Portfolio • EQ/Conservative-Plus Allocation Portfolio • EQ/Moderate Allocation Portfolio • EQ/Moderate-Plus Allocation Portfolio • Target 2015 Allocation Portfolio • Target 2025 Allocation Portfolio • Target 2035 Allocation Portfolio • Target 2045 Allocation Portfolio • Target 2055 Allocation Portfolio

  • Mortgage Loan Schedules The Mortgage Loan Seller agrees to provide to the Purchaser as of the date hereof a preliminary listing of the Mortgage Loans (the “Preliminary Mortgage Loan Schedule”) setting forth the information listed on Exhibit 2 to this Agreement with respect to each of the Mortgage Loans being sold by the Mortgage Loan Seller. If there are changes to the Preliminary Mortgage Loan Schedule, the Mortgage Loan Seller shall provide to the Purchaser as of the Closing Date a final schedule (the “Final Mortgage Loan Schedule”) setting forth the information listed on Exhibit 2 to this Agreement with respect to each of the Mortgage Loans being sold by the Mortgage Loan Seller to the Purchaser. The Final Mortgage Loan Schedule shall be delivered to the Purchaser on the Closing Date, shall be attached to an amendment to this Agreement to be executed on the Closing Date by the parties hereto and shall be in form and substance mutually agreed to by the Mortgage Loan Seller and the Purchaser (the “Amendment”). If there are no changes to the Preliminary Mortgage Loan Schedule, the Preliminary Mortgage Loan Schedule shall be the Final Mortgage Loan Schedule for all purposes hereof.

  • Mortgage Loans As of the Closing Date, in consideration of the Issuer’s delivery of the Notes and the Ownership Certificate to the Depositor or its designee, and concurrently with the execution and delivery of this Agreement, the Depositor does hereby transfer, assign, set over, deposit with and otherwise convey to the Issuer, without recourse, subject to Section 3.01, in trust, all the right, title and interest of the Depositor in and to all accounts, accounts receivable, contract rights, general intangibles, chattel paper, instruments, documents, money, deposit accounts, certificates of deposit, goods, notes, drafts, letters of credit, advices of credit, investment property, uncertificated securities claims and rights to payment of any and every kind consisting of, arising from or relating to any of the following: (a) the Mortgage Loans listed in the Mortgage Loan Schedule, and principal due and payable after the Cut-off Date, but not including interest and principal due and payable on any Mortgage Loans on or before the Cut-off Date, together with the Mortgage Files relating to such Mortgage Loans, (b) any Insurance Proceeds, REO Property, Liquidation Proceeds and other recoveries (in each case, subject to clause (a) above), (c) all Escrow Payments, (d) any Insurance Policies, (e) the rights of the Depositor under the Mortgage Loan Purchase Agreement, (f) the Depositor’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties, and (g) all income, revenues, issues, products, revisions, substitutions, replacements, profits, rents and all cash and non-cash proceeds of the foregoing to have and to hold, in trust; and the Indenture Trustee declares that, subject to the review provided for in Section 2.02, it has received and shall hold the Trust Estate, as Indenture Trustee, in trust, for the benefit and use of the Noteholders and for the purposes and subject to the terms and conditions set forth in this Agreement, and, concurrently with such receipt, the Issuer has issued and delivered the Notes and the Ownership Certificate to or upon the order of the Depositor, in exchange for the Mortgage Loans and the other property of the Trust Estate. Concurrently with the execution and delivery of this Agreement, the Depositor does hereby assign to the Issuer all of its rights and interest under the Mortgage Loan Purchase Agreement but without delegation of any of its obligations thereunder. The Issuer hereby accepts such assignment, and shall be entitled to exercise all the rights of the Depositor under the Mortgage Loan Purchase Agreement as if, for such purpose, it were the Depositor. Upon the issuance of the Notes, ownership in the Trust Estate shall be vested in the Issuer, subject to the lien created by the Indenture in favor of the Indenture Trustee, for the benefit of the Noteholders. The foregoing sale, transfer, assignment, set-over, deposit and conveyance does not and is not intended to result in creation or assumption by the Indenture Trustee of any obligation of the Depositor, the Seller, or any other Person in connection with the Mortgage Loans or any other agreement or instrument relating thereto except as specifically set forth herein. It is agreed and understood by the Seller, the Depositor and the Issuer (and the Depositor so represents and recognizes) that it is not intended that any Mortgage Loan to be included in the Trust Estate be (i) a "High-Cost Home Loan" as defined in the New Jersey Home Ownership Act effective November 27, 2003, (ii) a "High-Cost Home Loan" as defined in the New Mexico Home Loan Protection Act effective January 1, 2004, (iii) a "High-Cost Home Mortgage Loan" as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or (iv) a "High Cost Home Loan" as defined in the Indiana Home Loan Practices Act effective January 1, 2005.

  • Portfolio Transactions The Manager is authorized to select the brokers or dealers that will execute the purchases and sales of portfolio securities for the Portfolio and is directed to use its best efforts to obtain the best available prices and most favorable executions, except as prescribed herein. It is understood that the Manager will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Fund or to the Portfolio, or be in breach of any obligation owing to the Fund or to the Portfolio under this Agreement, or otherwise, solely by reason of its having caused the Portfolio to pay a member of a securities exchange, a broker, or a dealer a commission for effecting a securities transaction for the Portfolio in excess of the amount of commission another member of an exchange, broker, or dealer would have charged if the Manager determines in good faith that the commission paid was reasonable in relation to the brokerage or research services provided by such member, broker, or dealer, viewed in terms of that particular transaction or the Manager’s overall responsibilities with respect to its accounts, including the Fund, as to which it exercises investment discretion. The Manager will promptly communicate to the officers and directors of the Fund such information relating to transactions for the Portfolio as they may reasonably request.

  • Calculations Respecting Mortgage Loans Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Fund shall be made based upon current information as to the terms of the Mortgage Loans and reports of payments received from the Mortgagor on such Mortgage Loans and payments to be made to the Securities Administrator as supplied to the Securities Administrator by the Master Servicer. The Securities Administrator shall not be required to recompute, verify or recalculate the information supplied to it by the Master Servicer or any Servicer.

Most Referenced Clauses

Most Referenced Definitions