NORTHSTAR/TOWNSEND INSTITUTIONAL REAL ESTATE FUND INC. FORM OF SUB-ADVISER ADMINISTRATION AGREEMENTSub-Adviser Administration Agreement • May 26th, 2017 • NorthStar/Townsend Institutional Real Estate Fund Inc. • New York
This Sub-Adviser Administration Agreement (this “Agreement”) is made as of _____, 2017, by and between NorthStar/Townsend Institutional Real Estate Fund Inc., a Maryland corporation (the “Company”) that is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a non-diversified, closed-end management investment company that is operated as an interval fund pursuant to rule 23c-3 under the 1940 Act, and CNI TCEF Advisors, LLC, a Delaware limited liability company (the “Administrator”).
