Guaranty of Recourse Obligations Sample Contracts

Standard Contracts

EXHIBIT 99.6 GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • January 31st, 2006 • Behringer Harvard Reit I Inc • Real estate investment trusts • New York
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GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • April 25th, 2017 • TPG RE Finance Trust, Inc. • New York

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of June 26, 2015 by TPG RE FINANCE TRUST HOLDCO, LLC, a Delaware limited liability company, having an address at c/o TPG Real Estate Finance Trust, Inc., 888 7th Avenue, New York, New York 10106 (as such entity may be replaced in accordance with the terms of Section 11.19 of the Loan Agreement, as hereinafter defined, the “Guarantor”), for the benefit of DEUTSCHE BANK AG, NEW YORK BRANCH, a branch of a foreign banking institution, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (together with its successors and/or assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • May 6th, 2019 • Hospitality Investors Trust, Inc. • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of May 1, 2019, by HOSPITALITY INVESTORS TRUST OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“OP Guarantor”), and hOSPITALITY INVESTORS TRUST, INC., a Maryland corporation (“Parent Guarantor”), each having an office at c/o Hospitality Investors Trust, Inc., 3950 University Drive, Fairfax, Virginia 22030 (each of the foregoing, a “Guarantor”, and collectively, “Guarantors”), for the benefit of MORGAN STANLEY BANK, N.A., a national banking association, having an address at 1585 Broadway, 25th Floor, New York, New York 10036 (together with its successors and/or assigns, “MS”), CITI REAL ESTATE FUNDING INC., a New York corporation, having an address at 388 Greenwich Street, 6th Floor, New York, New York 10013 (together with its successors and/or assigns, “Citi”), DEUTSCHE BANK AG, NEW YORK BRANCH, a branch of Deutsche Bank AG, a German Bank authorized by the New York Department of Financial Services, havi

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • February 28th, 2012 • Ashford Hospitality Trust Inc • Real estate investment trusts • New York

THIS GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of November 14, 2005, by ASHFORD HOSPITALITY TRUST, INC., a Maryland corporation, having an address at 14185 Dallas Parkway, Suite 1100, Dallas, Texas 75254 (“Guarantor”), for the benefit of UBS REAL ESTATE INVESTMENTS INC., a Delaware corporation, having an address at 1285 Avenue of the Americas, 11th Floor, New York, New York 10019 (together with its successors and assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • November 18th, 2005 • Ashford Hospitality Trust Inc • Real estate investment trusts • New York

THIS GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of November 14, 2005, by ASHFORD HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership, having an address at 14185 Dallas Parkway, Suite 1100, Dallas, Texas 75254 (“Guarantor”), for the benefit of UBS REAL ESTATE INVESTMENTS INC., a Delaware corporation, having an address at 1285 Avenue of the Americas, 11th Floor, New York, New York 10019 (together with its successors and assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS (Second Mezzanine)
Guaranty of Recourse Obligations • April 6th, 2012 • Bloomin' Brands, Inc. • New York

This GUARANTY OF RECOURSE OBLIGATIONS (Second Mezzanine) (this “Guaranty”), is made as of March 27, 2012, by OSI HOLDCO I, INC., a Delaware corporation, (“Guarantor”), having an office at 2202 North WestShore Blvd., Suite 470C, Tampa, Florida 33607, to and for the benefit of GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, having an address at 60 Wall Street, New York, New York 10005, and BANK OF AMERICA, N.A., a national banking association, having an address at Hearst Tower, 214 North Tryon Street, Charlotte, North Carolina 28255 (each, together with their respective successors and assigns, a “Co- Lender”, and collectively, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • March 12th, 2018 • KBS Growth & Income REIT, Inc. • Real estate investment trusts • Oregon

This GUARANTY OF RECOURSE OBLIGATIONS ("Guaranty") is executed as of January 18, 2018, by KBSGI REIT PROPERTIES, LLC, a Delaware limited liability company ("Guarantor"), in favor of METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation ("Lender"), with reference to the following facts:

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • December 7th, 2016 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts • Georgia

THIS GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of December 1, 2016, by BLUEROCK RESIDENTIAL GROWTH REIT, INC., a Maryland corporation (“Guarantor”), in favor of METLIFE HCMJV 1 REIT, LLC, a Delaware limited liability company (“Lender”), with reference to the following facts:

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • February 8th, 2022 • Strategic Storage Trust VI, Inc. • Real estate investment trusts

THIS GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”), dated as of December 30, 2021, is made by STRATEGIC STORAGE OPERATING PARTNERSHIP VI, L.P., a Delaware limited partnership (“Guarantor”), for the benefit of SMARTSTOP OP, L.P., a Delaware limited partnership (together with its successors and assigns, “Lender”).

AMENDED AND RESTATED GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • December 27th, 2019 • Healthcare Trust, Inc. • Real estate investment trusts

This AMENDED AND RESTATED GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of December 20, 2019 by HEALTHCARE TRUST OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“Guarantor”), for the benefit of CAPITAL ONE, NATIONAL ASSOCIATION, a national banking association, as administrative agent for the Lenders under the hereinafter described Loan Agreement (together with its successors and permitted assigns in such capacity, “Administrative Agent”), and the Lenders.

AMENDED AND RESTATED GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • May 7th, 2018 • TPG RE Finance Trust, Inc. • Real estate investment trusts • New York

This AMENDED AND RESTATED GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of May 4, 2018 by and between TPG RE FINANCE TRUST HOLDCO, LLC, a Delaware limited liability company, having an address at c/o TPG Real Estate Finance Trust, Inc., 888 7th Avenue, New York, New York 10106 (as such entity may be replaced in accordance with the terms of Section 11.19 of the Loan Agreement, as hereinafter defined, the “Guarantor”), and DEUTSCHE BANK AG, NEW YORK BRANCH, a branch of a foreign banking institution, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (together with its successors and/or assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • March 25th, 2020 • Lodging Fund REIT III, Inc. • Real estate investment trusts

This GUARANTY OF RECOURSE OBLIGATIONS (this "Guaranty") is executed as of October 4, 2016 by PHILIP A. MCCRAE, an individual, having an address at 11003 Hedwig Green, Houston, Texas 77057 ("Guarantor" and "Guarantors"), for the benefit of STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, having an address at 1601 Washington Avenue, Suite 800, Miami Beach, Florida 33139 (together with its successors and assigns, "Lender").

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • March 26th, 2012 • KBS Real Estate Investment Trust, Inc. • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS, is made as of March 4, 2005 (this Agreement), by FIRST STATES GROUP, L.P., a Delaware limited partnership (Guarantor), having an office at 1725 The Fairway, Jenkintown, Pennsylvania 19046, to and for the benefit of GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation (GACC), having an address at 60 Wall Street, 10th Floor, New York, New York 10005 and BEAR STEARNS COMMERCIAL MORTGAGE, INC., a New York corporation (BSCMI), having an office at 383 Madison Avenue, New York, New York 10179 (GACC and BSCMI together with their respective successors and assigns, collectively, Lender).

GUARANTY OF RECOURSE OBLIGATIONS January 4, 2007
Guaranty of Recourse Obligations • May 18th, 2010 • Lightstone Value Plus Real Estate Investment Trust, Inc. • Real estate investment trusts • New York

FOR VALUE RECEIVED, and to induce LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation (individually and as lead arranger and administrative agent for itself and certain co-lenders) (“Lender”), having an address at 399 Park Avenue, 8th Floor, New York, New York 10022, to enter into that certain Loan Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) of even date herewith with 1407 BROADWAY REAL ESTATE LLC, a Delaware limited liability company (“Borrower”), having an address at c/o The Lightstone Group, 326 Third Street, Lakewood, New Jersey 08701, for a loan (the “Loan”), evidenced by (i) that certain Promissory Note dated of even date herewith in the stated principal amount of $127,250,000 (as amended, restated, split, severed, consolidated, supplemented or otherwise modified from time to time, the “Note”) (except as otherwise indicated herein, each capitalized term used herein that is not specifically defined herein shall hav

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • February 25th, 2014 • Glimcher Realty Trust • Real estate investment trusts

FOR VALUE RECEIVED, and to induce WELLS FARGO BANK, NATIONAL ASSOCIATION, having an address at Wells Fargo Center, 1901 Harrison Street, 2nd Floor, MAC A0227‑020, Oakland, California 94612 (together with its successors and/or assigns, “Lender”), to lend to N.J. METROMALL URBAN RENEWAL, INC., a New Jersey corporation, having its principal place of business at 180 E. Broad Street, 21st Floor, Columbus, Ohio 43215 (“Fee Borrower”) and JG ELIZABETH II, LLC, a Delaware limited liability company, having its principal place of business at 180 E. Broad Street, 21st Floor, Columbus, Ohio 43215 (“Leasehold Borrower” and, together with Fee Borrower, each a “Borrower” and collectively the “Borrowers”), the aggregate principal sum of THREE HUNDRED FIFTY MILLION AND NO/100 DOLLARS ($350,000,000) (the “Loan”), evidenced by that certain Promissory Note A-1, that certain Promissory Note A-2 and that certain Promissory Note A-3 in the aggregate principal amount of Three Hundred Fifty Million and No/100

GUARANTY OF RECOURSE OBLIGATIONS OF BORROWER
Guaranty of Recourse Obligations • November 10th, 2004 • Maguire Properties Inc • Real estate investment trusts

THIS GUARANTY OF RECOURSE OBLIGATIONS OF BORROWER (this "Guaranty") is executed as of November 5, 2004, by MAGUIRE PROPERTIES, L.P., a Maryland limited partnership (hereafter referred to as "Guarantor"), for the benefit of TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, a New York corporation, its successors and assigns ("Lender").

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • March 20th, 2017 • Brookfield DTLA Fund Office Trust Investor Inc. • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of July 11, 2016 by BROOKFIELD DTLA HOLDINGS LLC, a Delaware limited liability company, as guarantor, having an address at 250 Vesey Street, 15th floor, New York, New York 10281-1023 (“Guarantor”), for the benefit of DEUTSCHE BANK AG, NEW YORK BRANCH, a branch of Deutsche Bank AG, a German Bank, authorized by the New York Department of Financial Services, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (“DB”), and of BARCLAYS BANK PLC, a public company registered in England and Wales, having an address at 745 Seventh Avenue, New York, New York 10019 (“Barclays”, collectively with DB, together with their respective successors and/or assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • June 13th, 2019 • CaliberCos Inc. • Real estate • New York

THIS GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of September ___, 2018, by CALIBERCOS INC., a Delaware corporation, having an office at 8901 East Mountain View Road, Suite 150, Scottsdale, Arizona 85258, JENNIFER SCHRADER, an individual, having an address at 8901 East Mountain View Road, Suite 150, Scottsdale, Arizona 85258, JOHN C. LOEFFLER, II, an individual, having an address at 8901 East Mountain View Road, Suite 150, Scottsdale, Arizona 85258, and FRANK HEAVLIN, an individual, having an address as 2147 E Baseline Rd, Tempe, Arizona 85283 (individually and collectively, “Guarantor”), for the benefit of RCC REAL ESTATE, INC., a Delaware corporation having an address at 717 Fifth Avenue, 12th Floor, New York, New York 10022, and its successors and assigns (collectively, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • March 28th, 2016 • American Realty Capital Hospitality Trust, Inc. • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of February 27, 2015, by AMERICAN REALTY CAPITAL HOSPITALITY OPERATING PARTNERSHIP, L.P., a Delaware limited partnership, and AMERICAN REALTY CAPITAL HOSPITALITY TRUST, INC., a Maryland corporation, WHITEHALL STREET GLOBAL REAL ESTATE LIMITED PARTNERSHIP 2007, a Delaware limited partnership, and WHITEHALL PARALLEL GLOBAL REAL ESTATE LIMITED PARTNERSHIP 2007, a Delaware limited partnership (each of the foregoing, a “Guarantor”, and collectively, “Guarantors”), for the benefit of U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF EQTY 2014-INNS MORTGAGE TRUST, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, having an address at c/o Berkadia Commercial Mortgage LLC, 323 Norristown Road, Suite 300, Ambler, Pennsylvania 19002 (together with its successors and/or assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • May 5th, 2014 • Alexanders Inc • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of February 28, 2014 by ALEXANDER’S INC., a Delaware corporation, having an address at 210 Route 4 East, Paramus, New Jersey 07652 (together with successors and/or assigns, “Guarantor”), for the benefit of GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (collectively, together with its successors and/or assigns, “Lender”).

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GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • November 4th, 2024 • Alexanders Inc • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of September 30, 2024, by ALEXANDER’S, INC., a Delaware corporation, having an address at 210 Route 4 East, Paramus, New Jersey 07652 (together with its permitted successors and/or assigns, “Guarantor”), for the benefit of GERMAN AMERICAN CAPITAL CORPORATION, having an address at 1 Columbus Circle, 15th Floor, New York, New York 10019 (together with its successors and assigns, “GACC”), JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, having an address at 383 Madison Avenue, New York, New York 10179 (together with its successors and assigns, “JPM”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, having an address at 401 South Tryon Street, 9th Floor, Charlotte North Carolina 28202 (together with its successors and assigns, “WFB”; collectively with GACC and JPM, together with their respective successors and assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • August 1st, 2011 • Alexanders Inc • Real estate investment trusts

FOR VALUE RECEIVED, and to induce Lenders (as defined in the Loan Agreement (hereinafter defined)), to lend to Alexander’s of Kings, LLC, Kings Parking, LLC, and Alexander’s Kings Plaza, LLC, each a Delaware limited liability company, each having its principal place of business at c/o Alexander’s, Inc., 210 Route 4 East, Paramus, New Jersey 07652 (individually and/or collectively (as the context may require) referred to herein as “Borrower”), the aggregate principal sum of TWO HUNDRED AND FIFTY MILLION AND NO/100 DOLLARS ($250,000,000.00) (the “Loan”), evidenced by those certain Promissory Notes from Borrower, dated as of the date hereof, in the aggregate principal amount of $250,000,000.00 (as each of the same may hereafter be amended, modified, extended, severed, assigned, renewed or restated, and including any substitute or replacement notes executed pursuant to the Loan Agreement, individually and/or collectively (as the context requires), the “Note”) and that certain Loan Agreemen

GUARANTY OF RECOURSE OBLIGATIONS, INTEREST AND COMPLETION
Guaranty of Recourse Obligations • April 18th, 2023 • reAlpha Tech Corp. • Real estate

THIS GUARANTY OF RECOURSE OBLIGATIONS, INTEREST AND COMPLETION (“Guaranty”) is executed as of [ ], 20[ ], by ReAlpha Asset Management, Inc., an Ohio corporation, having an address at 6515 Longshore Loop, Suite 100, Dublin, Ohio 43017 (“Guarantor”), for the benefit of CHURCHILL FUNDING I LLC, a Delaware limited liability company, having an address at 450 West 14th Street, New York, New York 10014 (together with its successors and assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • April 18th, 2023 • reAlpha Tech Corp. • Real estate

THIS GUARANTY OF RECOURSE OBLIGATIONS (“Guaranty”) is executed as of [ ], 20[ ], by Giri Sampath Iyengar Devanur, an individual, having an address at [ ] (“Guarantor”), for the benefit of CHURCHILL FUNDING I LLC, a Delaware limited liability company, having an address at 450 West 14th Street, New York, New York 10014 (together with its successors and assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • January 4th, 2018 • Healthcare Trust, Inc. • Real estate investment trusts

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of December 28, 2017, by HEALTHCARE TRUST OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“Guarantor”), for the benefit of CAPITAL ONE, NATIONAL ASSOCIATION, a national banking association, as administrative agent for the Lenders (as defined below) under the hereinafter described Loan Agreement (together with its successors and permitted assigns in such capacity, “Administrative Agent”), and the Lenders.

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • February 14th, 2020 • Generation Income Properties, Inc. • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of February 11, 2020 by DAVID SOBELMAN, an individual, having an address at 3117 W. Oaklyn Avenue, Tampa, Florida 33609 (“Sobelman”), and GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership, having an address at 401 East Jackson Street, Suite 3300, Tampa, Florida 33602 (“GIP LP”) (each of the foregoing, a “Guarantor”, and collectively, “Guarantors”), for the benefit of DBR INVESTMENTS CO. LIMITED, a Cayman Islands corporation, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (together with its successors and/or assigns, “Lender”).

EXHIBIT 10.68
Guaranty of Recourse Obligations • August 9th, 2002 • Horizon Group Properties Inc • Real estate investment trusts • New York
GUARANTY OF RECOURSE OBLIGATIONS (UNSECURED)
Guaranty of Recourse Obligations • January 3rd, 2013 • Inland Diversified Real Estate Trust, Inc. • Real estate investment trusts

This GUARANTY OF RECOURSE OBLIGATIONS (UNSECURED) (this “Guaranty”) is made as of December 27, 2012 by INLAND DIVERSIFIED REAL ESTATE TRUST, INC., a Maryland corporation, having an address at 2901 Butterfield Road, Oak Brook, Illinois 60523 (“Guarantor”), for the benefit of CANTOR COMMERCIAL REAL ESTATE LENDING, L.P., a Delaware limited partnership having an address at 110 East 59th Street, 6th Floor, New York, New York 10022 (“Lender”).

GUARANTY OF RECOURSE OBLIGATIONS made by BEHRINGER HARVARD OPPORTUNITY REIT I, INC. as guarantor, in favor of PFP HOLDING COMPANY II, LLC Dated as of November 15, 2011 GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • March 29th, 2012 • Behringer Harvard Opportunity REIT I, Inc. • Real estate investment trusts • New York

This GUARANTY (this “Guaranty”), dated as of November 15, 2011, made by BEHRINGER HARVARD OPPORTUNITY REIT I, INC., a Maryland corporation, having an address at 15601 Dallas Parkway, Suite 600, Addison, Texas 75001(together with its successors and permitted assigns, “Guarantor”), in favor of PFP HOLDING COMPANY II, LLC, a Delaware limited liability company, having an address c/o Prime Finance Partners, 233 North Michigan Avenue, Suite 2318, Chicago, Illinois 60601 (together with its successors and assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • August 14th, 2014 • American Realty Capital Hospitality Trust, Inc. • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of April 8, 2014 by DANIEL A. HOFFLER, an individual, having an office at 222 Central Park Avenue, Suite 2100, Virginia Beach, Virginia 23462 (“Hoffler”), LOUIS S. HADDAD, an individual, having an office at 222 Central Park Avenue, Suite 2100, Virginia Beach, Virginia 23462 (“Haddad”) and AMERICAN REALTY CAPITAL HOSPITALITY TRUST, INC., a Maryland corporation, having an office at 405 Park Avenue, 15th Floor, New York, NY 10022, Attn: Jon Mehlman (“ARC REIT”; each of the foregoing, a “Guarantor”, and collectively, “Guarantors”), for the benefit of GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (together with its successors and/or assigns, “Lender”).

GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • August 14th, 2014 • American Realty Capital Hospitality Trust, Inc. • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of March 21st, 2014 by AMERICAN REALTY CAPITAL HOSPITALITY OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“ARC OF”), having an address at 106 York Road, Jenkintown, Pennsylvania 19046, AR CAPITAL, LLC, a Delaware limited liability company (“AR Capital”), having an address at 106 York Road, Jenkintown, Pennsylvania 19046, NICHOLAS S. SCHORSCH, an individual having an address at 161 E. 70th Street, New York, NY 10021(“Schorsch”), WILLIAM M. KAHANE, an individual having an address at 1 West 64th Street, New York, NY 10023 (“Kahane”), EDWARD M. WEIL, JR., an individual having an address at 200 East 66th Street, E-1504, New York, NY 10065 (“Weil”), BRIAN S. BLOCK, an individual having an address at 605 Edwin Lane, Hatfield, PA 19440 (“Block”) and PETER M. BUDKO, an individual having an address at 5080 Red Willow Lane, Matthews, NC 28104 (“Budko”; together with Schorsch, Kahane, Weil and Block, the “Individu

GUARANTY OF RECOURSE OBLIGATIONS OF BORROWER
Guaranty of Recourse Obligations • January 6th, 2015 • Hartman Short Term Income Properties XX, Inc. • Real estate

may from time to time hereafter be modified, supplemented or amended, the "Guaranty") is made as of December 30, 2014 by HARTMAN SHORT TERM INCOME PROPERTIES XX,

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