Examples of REIT assets in a sentence
Each Member hereby irrevocably waives any and all rights that it may have to maintain an action for partition of any of the REIT Assets.
NHC'S DISTRIBUTION OF REIT SHARES & OPERATING PARTNERSHIP UNITS TO ITS UNITHOLDERS As noted above, immediately following the contribution of the REIT Assets to the REIT and the Operating Partnership, NHC will distribute all of the REIT shares and Operating Partnership units that NHC receives upon such contributions to the NHC unitholders.
Accordingly, it is the opinion of Tax Counsel that, if challenged, it is more likely than not that the general nonrecognition rule of section 351 would apply to NHC's contribution of REIT Assets to the REIT, except as otherwise provided below.
Simultaneously with NHC's contribution of a portion of the REIT assets to the Operating Partnership, the REIT will contribute to the Operating Partnership those REIT Assets contributed to it by NHC.
National HealthCare L.P. November 19, 1997 Page 3 In exchange for its contribution to the REIT of most of the REIT Assets, NHC will receive one hundred percent (100%) of the REIT's outstanding capital stock.