Examples of Lotus Crux in a sentence
On September 30, 2014, the REIT entered into a strategic investment agreement (the “Strategic Investment Agreement”) with Lotus Crux Acquisition LP (“Lotus Crux Acquisition”).
Pursuant to the Strategic Investment Agreement, Lotus Crux Acquisition will receive a fee of 0.875% of the purchase cost from the REIT on acquisitions of certain properties owned by Lotus Crux Acquisition or related parties.
The REIT is a party to a strategic investment agreement with Lotus Crux Acquisition LP (“Lotus Crux”), which management of the REIT believes will provide the REIT with enhanced coverage of major Canadian markets, especially in Western Canada, as well as access to Lotus Crux’s network of relationships with real estate market participants in these markets, resulting in access to a pipeline of potential acquisition and investment opportunities not otherwise available to the REIT.
The REIT is a party to a strategic investment agreement with Lotus Crux Acquisition LP (“Lotus Crux”), which management of the REIT believes it will provide the REIT with enhanced coverage of major Canadian markets, especially in Western Canada, as well as access to Lotus Crux’s network of relationships with real estate market participants in these markets, resulting in access to a pipeline of potential acquisition and investment opportunities not otherwise available to the REIT.
Lotus Crux Acquisition is controlled by a general partner controlled by two trustees of the REIT, Peter Aghar and Shenoor Jadavji, who also have an interest in Lotus Crux Acquisition and the REIT.
Lotus Crux Acquisition LP and its related parties have an effective interest in the REIT.
Lotus Crux Acquisition LP and its related parties have an effective interest in the REIT.There were no fees paid in the three month periods ended March 31, 2015 and 2014.24.CommitmentThe REIT has a lease commitment relating to office space which expires on March 31, 2016.
The REIT is a party to a strategic investment agreement with Lotus Crux Acquisition LP (“Lotus Crux”), which management of the REIT believes it provides the REIT with enhanced coverage of major Canadian markets, especially in Western Canada, as well as access to Lotus Crux’s network of relationships with real estate market participants in these markets, resulting in access to a pipeline of potential acquisition and investment opportunities not otherwise available to the REIT.
In September, concurrent with the acquisitions and financings, we entered into an important new strategic relationship with the Lotus Crux partnership, who have significant experience and expertise in Western Canadian markets and in the greater Toronto area.
The Agreement provides an incentive for Mr. Aghar, in his capacity as a trustee of PRO REIT, to pursue related party acquisitions with Lotus Crux.