Timberline Holdco LLC c/o Timberline Real Estate Ventures, LLC Rye, NY 10580 Attn: Andrew N. Stark RE: AREIT Operating Partnership LP Profit Interest Letter AgreementProfit Interest Letter Agreement • August 11th, 2023 • Ares Real Estate Income Trust Inc. • Real estate investment trusts
AREIT Operating Partnership LP (“AREIT OP”) is pleased to provide Timberline Holdco LLC (the “JV Profit Interest Partner”), with this letter agreement (the “Letter Agreement”) to admit the JV Profit Interest Partner as a limited partner in AREIT OP and grant a performance participation interest in [tranche name] more particularly described on Exhibit A (the “[Tranche Name] Profit Interest”) to JV Profit Interest Partner, under the terms set forth in Exhibit A, in consideration of services rendered and to be rendered by the JV Profit Interest Partner.
PARTNER NAME] c/o [NAME] [ADDRESS LINE 1] [ADDRESS LINE 2] [CITY], [STATE] [ZIP] Attention: [CONTACT NAME] RE:AREIT Operating Partnership LP Profit Interest Letter Agreement Dear [CONTACT NAME]:Profit Interest Letter Agreement • March 13th, 2024 • Ares Real Estate Income Trust Inc. • Real estate investment trusts
AREIT Operating Partnership LP (“AREIT OP”) is pleased to provide [PARTNER NAME] (the “JV Profit Interest Partner”), with this letter agreement (the “Letter Agreement”) to admit the JV Profit Interest Partner as a limited partner in AREIT OP and grant a performance participation interest more particularly described on Exhibit A (the “[SHORTNAME] Profit Interest”) to JV Profit Interest Partner, under the terms set forth in Exhibit A, in consideration of services rendered and to be rendered by the JV Profit Interest Partner.
