CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS OCCO and Oliver T. Carr, Jr. CarrPark, Inc., a subsidiary of OCCO, a stockholder of the Company whose chairman, president and trustee of the majority stockholder is Oliver T. Carr. Jr., manages certain of...Carramerica Realty L P • October 1st, 1997 • Real estate
CarrPark, Inc., a subsidiary of OCCO, a stockholder of the Company whose chairman, president and trustee of the majority stockholder is Oliver T. Carr. Jr., manages certain of the parking garages in the Company's properties for fees ranging from 24 to 62 percent of gross receipts from garage operations. CarrPark, Inc. is responsible for payment of all garage operating expenses. Fees paid by the Company to CarrPark, Inc. for 1996 totaled $1.9 million.
