Lotus Crux definition
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 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.
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 Company maintains a strong capital position with the capital ratios well above the thresholds defined by the regulatory authorities through continuous and timely capital infusion.
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PRO REIT entered into a Strategic Investment Agreement with Lotus Crux, which is a partnership between Lotus Pacific and Crux Capital, an entity controlled by Mr. Aghar.
PRO REIT has acquired seven properties from Lotus Crux, all related party transactions, resulting in approximately C$550,000 of additional fees for Lotus Crux.
In October, we welcomed Lotus Crux partner Shenoor Jadavji to our Board of Trustees.
The relationship with Lotus Crux complements our own strengths and enhances our growth opportunities going forward.