Examples of Realty Partnership in a sentence
Starwood Realty Partnership is classified and taxable as a partnership for U.S. federal income tax purposes.
The Trust, the Realty Partnership, the Realty Subsidiary Entities and the Subsidiary REITs do not and will not furnish or render any services to the Corporation, the Operating Partnership, any of the Operating Subsidiary Entities, Atlanta or St. John.
During its taxable year ended December 31, 1995 and during each of its taxable years ending after December 31, 1995, each of the Trust, the Realty Partnership and the Realty Subsidiary Entities has operated and will operate in such a manner that will make each representation set forth below true for such years or for the period set forth in such representation.
Each partner and each member of the Realty Partnership and the Realty Subsidiary Entities has full power, authority, and legal right to enter into and perform the terms of the Realty Agreement or the partnership or limited liability company agreements, as the case may be, of each Realty Subsidiary Entity, and the transactions contemplated thereby.
At all times, material transactions among the Trust, the Corporation, the Realty Partnership, the Realty Subsidiary Entities, the Subsidiary REITs, the Operating Partnership, the Operating Subsidiary Entities, Atlanta or St. John, or any of them, have been and will be negotiated and structured with the intention of achieving an arm's-length result.
Each partner of the Realty Partnership, and each partner or member of the Realty Subsidiary Entities that is a corporation or other entity has a valid legal existence.
No general partner is acting as an agent of any limited partner in connection with the investments by the limited partners in, and operations of, the Realty Partnership or any Realty Subsidiary Entity that is a limited partnership.
The Trust, the Realty Partnership, each Realty Subsidiary Entity and each Subsidiary REIT each maintain separate books and records.
The Realty Partnership and the Realty Subsidiary Entities intend to hold assets for investment with a view to long-term appreciation, to engage in the business of acquiring, developing, owning, and operating hotel properties and interests in hotels and to make such occasional sales of such properties, including peripheral land, as are consistent with the investment objectives of the Realty Partnership and the Realty Subsidiary Entities.
Neither the Realty Partnership nor any Realty Subsidiary Entity has elected or will elect to be classified as an association for federal tax purposes.