Real Estate Operating Company definition

Real Estate Operating Company means (i) any entity that has equity securities registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (ii) any entity that files periodic reports under Sections 13 or 15(d) of the Exchange Act; or (iii) any entity that, either itself or through its subsidiaries:
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Real Estate Operating Company means: (i) any entity that has equity securities registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (ii) any entity that files periodic reports under Sections 13 or 15(d) of the Exchange Act; or (iii) any entity that, either itself or through its subsidiaries:
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Real Estate Operating Company means a company the primary object and purpose of which is the acquisition, development, promotion, sale and lease of real estate or interests in real estate and which is incorporated and doing business in an Approved Jurisdiction.
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Examples of Real Estate Operating Company in a sentence

  • After the Stockholders have received a cumulative, non-compounded return of ten percent (10.0%) on, plus return of, their Invested Capital, the Company may pay the Business Manager an incentive fee (an “Incentive Fee”) equal to fifteen percent (15.0%) of the net proceeds from the sale of a Real Estate Asset, including assets owned by a Real Estate Operating Company acquired by the Company and operated as a subsidiary.

  • After Stockholders have first received, on an aggregate basis, from distributions from all sources, a cumulative, non-compounded return of ten percent (10.0%) per annum on, plus return of, aggregate Invested Capital, the Company may pay the Business Manager an incentive fee (an “Incentive Fee”) equal to fifteen percent (15.0%) of the net proceeds from the sale of a Real Estate Asset, including assets owned by a Real Estate Operating Company acquired by the Company and operated as a subsidiary.

  • The Company shall pay Acquisition Fees either in cash or by issuing Shares valued per share at the greater of (i) the per share offering price of common stock in the Company’s most recent public offering; (ii) if applicable, the per share price ascribed to shares of common stock used in the Company’s most recent Acquisition of a Real Estate Operating Company; and (iii) $10.00 per share.

  • A Real Estate Operating Company within the meaning of Regulation Section 2510.3-101(e) of the Plan Asset Regulations.

  • The Company shall pay, at the Business Manager’s option, Acquisition Fees either in cash or by issuing Shares at a per share value equal to the greater of (i) the per share offering price of common stock in the Company’s most recent public offering; (ii) if applicable, the per share price ascribed to shares of common stock used in the Company’s most recent Acquisition of a Real Estate Operating Company; and (iii) $10.00 per share.

  • In no event shall an oversight fee for any Property be paid to the Property Manager for more than three years following the date that the Property or the Real Estate Operating Company (as defined below), as the case may be, was acquired by the Company or any of its affiliates.

  • After the Stockholders have received a cumulative, non-compounded return of ten percent (10.0%) on, plus return of, their Invested Capital, the Company may pay the Business Manager an incentive fee (an "Incentive Fee") equal to fifteen percent (15.0%) of the net proceeds from the sale of a Real Estate Asset, including assets owned by a Real Estate Operating Company acquired by the Company and operated as a subsidiary.

  • So long as Aetna is a Member, the Manager shall cause the Company to be a Real Estate Operating Company, to the extent necessary to prevent any of the assets of the Company from constituting “plan assets”, as such term is used in Department of Labor Regulation §2510.3-101 (29 CFR §2510.3-101).

  • Upon the issue of the Series “B” Bonds, the Corporation will incorporate a Real Estate Operating Company, which will be owned and managed similar to Parkview Manor, for carrying on the business of buying, improving, remodeling, repositioning and selling residential real estate.

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More Definitions of Real Estate Operating Company

Real Estate Operating Company means: (i) any entity that has equity securities registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); (ii) any entity that files periodic reports under Sections 13 or 15(d) of the Exchange Act; or (iii) any entity that, either itself or through its subsidiaries:
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Real Estate Operating Company means: (i) any entity that has equity securities registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); (ii) any entity that files periodic reports under Sections 13 or 15(d) of the Exchange Act; or (iii) any entity that, either itself or through its subsidiaries: (i) owns and operates interests in real estate on a going concern basis rather than as a conduit vehicle for investors to participate in the ownership of assets for a limited period of time; (ii) has a policy or purpose of reinvesting sale, financing or refinancing proceeds or cash from operations; (iii) has its own directors, managers or managing general partners, as applicable; and (iv) either: (A) has its own officers and employees that, on a daily basis, actively operate the entity and its subsidiaries and businesses; or (B) has retained the services of an affiliate or sponsor of, or advisor to, the entity to, on a daily basis, actively operate the entity and its subsidiaries and businesses.
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Real Estate Operating Company means: (i) any entity that has equity securities registered under Section 12(b) or 12(g) of the Exchange Act; (ii) any entity that files periodic reports under Sections 13 or 15(d) of the Exchange Act; or (iii) any entity that, either itself or through its subsidiaries: (i) owns and operates interests in real estate on a going concern basis rather than as a conduit vehicle for investors to participate in the ownership of assets for a limited period of time; (ii) has a policy or purpose of reinvesting sale, financing or refinancing proceeds or cash from operations; (iii) has its own directors, managers or managing general partners, as applicable; and (iv) either: (A) has its own officers and employees that, on a daily basis, actively operate the entity and its subsidiaries and businesses; or (B) has retained the services of an affiliate or sponsor of, or advisor to, the entity to, on a daily basis, actively operate the entity and its subsidiaries and businesses.
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Real Estate Operating Company shall have the meaning ascribed to such term in Department of Labor Regulation §2510.3-101 (e) (29 CFR §2510.3-101 (e)).
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Real Estate Operating Company means a real estate operating company under the Plan Assets Regulations.
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Real Estate Operating Company. Means a "real estate operating company" within the meaning of the U.S. Department of Labor's "plan asset" regulations at 29 C.F.R. ss. 2510.3-101.
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Related to Real Estate Operating Company

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Operating Companies means EAI, EMI, ELI and ENOI, each being an "Operating Company".

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Hotels means the hotel properties described in Exhibit A hereto, as it may be amended from time to time by mutual agreement of Lessee and Operator to add hotel properties or to delete hotel properties as a result of termination of this Agreement with respect to one or more hotel properties pursuant to the termination provisions set forth in this Agreement. “Hotel” shall mean any hotel set forth on Exhibit A as it may be amended from time to time.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Operating Partnership has the meaning set forth in the preamble.

  • Shopping Center means the Shopping Center identified on the initial page hereof.

  • Casino means a casino as defined in section 1 of the KwaZulu-Natal Gaming and Betting Act, 2010 (Act No. 8 of 2010);

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Partnership Group Member means any member of the Partnership Group.

  • Commercial real estate means real estate or an interest in real estate that is not any of the following:

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Condominium Corporation means a condominium or strata corporation established under provincial legislation.

  • Leased Real Estate means all leasehold or subleasehold estates and other rights to use or occupy any land, buildings, structures, improvements, fixtures, or other interest in real property held by the Company or any of its Subsidiaries.

  • railway property means any railway belonging to Network Rail and—

  • Real Estate Leases is defined in Section 4.7.

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Shopping Centre means a grouping of commercial retail outlets which have been designed, developed and managed as a unit by a single owner or group of owners or tenants located on the same lot or lots with a frontage not less than 45 metres and having common on-site parking;

  • Property owners association" or "association" means an incorporated or unincorporated entity upon

  • General partnership means an organization formed by two or more persons under chapters 45-13 through 45-21.

  • Owned Real Estate means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way, and appurtenances relating thereto, owned by the Company or any of its Subsidiaries.