Development Properties definition

Development Properties. An existing property that is undergoing renovation or redevelopment that either (i) disrupts at least 30% of the occupancy of the property, or (ii) temporarily reduces the NOI of the property by more than 30%; provided that a property will not be considered a Development Property after it has an occupancy rate of at least 80%.

Development Properties means any Real Property Assets which are 100% owned in fee (or leasehold pursuant to a Financeable Ground Lease) by the Borrower, the General Partner or any of their Consolidated Subsidiaries and which are not subject to any Lien (other than Permitted Liens), and which are under development or redevelopment, provided that Real Property Assets shall cease to be Development Properties as of the earlier to occur of (a) the date which is eighteen (18) months after Completion of Construction thereof, and (b) the first fiscal quarter in which the occupancy rate of the applicable Development Property has averaged eighty-five percent (85%) or more.

Development Properties means Real Estate comprised of multi-family projects under construction, or in pre-construction phases of the development process, but not yet completed.

Examples of Development Properties in a sentence

• On the other hand, the Operating Partnership would accrue contingent interest if numerous lot sales were made at the Houston Area Development Properties, even if such sales were made at a loss.

• For example, if the value of the Houston Area Development Properties were to increase, but few lots were sold, the Operating Partnership, as holder of the Houston Area Mortgages would not accrue any contingent interest.

• Hendersonville Hospital Corporation Hospital Corporation of Tennessee Hospital Corporation of Utah Hospital Development Properties, Inc.

• Based upon the foregoing, it is our opinion that if, contrary to our opinion, the Commercial Partnership and the Development Partnership are considered to constitute one partnership for federal income tax purposes, the allocations of profit and loss from the leased Properties to the partners of the Commercial Partnership and the allocations of profit and loss from the Development Properties to the partners of the Development Partnership will be respected under section 704.

• All other Line Ministries/institutions will ensure that their institutional response to HIV/AIDS is properly coordinated and strategised.

More Definitions of Development Properties

Development Properties shall have the meaning set forth in Section 3.11(j).

Development Properties means all real property owned by any Group Company (other than Tallinna Moekombinaat) from time to time for property development purposes (Sw. utvecklingsfastigheter), including inventories (i.e., property (other than Investment Property) held for resale or property being under development) and property, plant and equipment (i.e., land and buildings held for providing services or for administrative purposes).

Development Properties means any ground-up developments, including consolidated or unconsolidated properties, which were not owned (in whole or in part) by Parent, Borrower or their Subsidiaries as of April 30, 2012. Notwithstanding the foregoing, any such property which achieves an Occupancy Rate of 85% shall no longer be a Development Property and, for purposes of clarity, any purchase by Parent, Borrower or their Subsidiaries of an interest of a joint venture partner in a ground-up development that was owned in part by Parent, Borrower or their Subsidiaries as of April 30, 2012, shall not be a Development Property as a result of such purchase.

Development Properties means those Properties being developed or redeveloped but excludes Properties undergoing intensification activities, consisting of the construction of additional buildings on existing assets and modifications to existing buildings, as well as the redevelopment of mixed-use properties.

Development Properties means the Lugushwa Property and the Kamituga Property.

Development Properties means multifamily projects under construction, or in preconstruction phases of the development process, but not yet completed. A Renovation Property shall not constitute a Development Property.

Development Properties means all Properties owned by any Group Company from time to time for property development purposes (Sw. utvecklingsfastigheter).