Common use of Real Estate Investment Trust Clause in Contracts

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its the Company’s current and proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code. All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company’s organization and proposed method of operation set forth in the Registration Statement, the Disclosure Package and the Prospectus are true, complete and correct in all material respects.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its the Company’s current and proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code. All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company’s organization and proposed method of operation set forth in the Registration Statement, the General Disclosure Package and the Prospectus are true, complete and correct in all material respects.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 20092011, the Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its the Company’s proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the CodeCode for its taxable year ending December 31, 2021 and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 20092011, the Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), and its the Company’s proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the CodeCode for its taxable year ending December 31, 2015 and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 20092011, the Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), and its the Company’s proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the CodeCode for its taxable year ending December 31, 2018 and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 20092010, the Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust (a “REIT”) under the Code, and its the Company’s current and proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code. All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company’s organization and proposed method of operation set forth in the Registration Statement and the Prospectus are true, complete and correct in all material respects.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the The Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust under the Code (a “REIT”) under the Codefor each taxable year commencing with its taxable year ending December 31, 2003, and its proposed organization and method of operation (as described in the Registration Statement, any Permitted Free Writing Prospectus and the Prospectus) will enable it the Company to continue to meet the requirements for qualification and taxation as a REIT real estate investment trust under the CodeCode for its taxable year ending December 31, 2015 and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 20092011, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 20092019, the Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust (a “REIT”) under the Code and all applicable regulations under the Code, and its form of organization and proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code and all applicable regulations under the Code.

Real Estate Investment Trust. Commencing with its taxable year ended ending December 31, 2009, the Company has been will be organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) REIT under the Code, and its the Company’s proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code. All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company’s organization and proposed method of operation set forth in the Registration Statement, the General Disclosure Package and the Prospectus are true, complete and correct in all material respects.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the The Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust under the Code (a “REIT”) under the Codefor each taxable year commencing with its taxable year ending December 31, 2003, and its proposed organization and method of operation (as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus) will enable it the Company to continue to meet the requirements for qualification and taxation as a REIT real estate investment trust under the CodeCode for its taxable year ending December 31, 2020 and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended ending December 31, 2009, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code.

Real Estate Investment Trust. Commencing with its taxable year ended ending December 31, 2009, the Company has been will be organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (a “REIT”) under the Code, and its the Company’s proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code. All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company’s organization and proposed method of operation set forth in the Registration Statement and the Prospectus are true, complete and correct in all material respects.

Real Estate Investment Trust. Commencing with its taxable year ended ending December 31, 20092013, the Company has been will be organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), and its the Company’s proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the CodeCode for such taxable year and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its proposed method of operation will enable enables it to continue to meet the requirements for qualification and taxation as a REIT under the Code.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the The Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust under the Code (a “REIT”) under the Codefor each taxable year commencing with its taxable year ending December 31, 2003, and its proposed organization and method of operation (as described in the Registration Statement, any Permitted Free Writing Prospectus and the Prospectus) will enable it the Company to continue to meet the requirements for qualification and taxation as a REIT real estate investment trust under the CodeCode for its taxable year ending December 31, 2013 and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the The Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust under the Code (a “REIT”) under the Codefor each taxable year commencing with its taxable year ending December 31, 2003, and its proposed organization and method of operation (as described in the Registration Statement, any Permitted Free Writing Prospectus and the Prospectus) will enable it the Company to continue to meet the requirements for qualification and taxation as a REIT real estate investment trust under the CodeCode for its taxable year ending December 31, 2021 and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended ending December 31, 20092010, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (a “REIT”) under the Code, and its the Company’s current and proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code. All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company’s organization and proposed method of operation set forth in the Registration Statement and the Prospectus are true, complete and correct in all material respects.

Real Estate Investment Trust. Commencing with its taxable year ended ending December 31, 20092010, the Company has been will be organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (a “REIT”) under the Code, and its the Company’s proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code. All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company’s organization and proposed method of operation set forth in the Registration Statement and the Prospectus are true, complete and correct in all material respects.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 20092013, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its the Company’s proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code. The Operating Partnership is and has been at all times since its formation taxable as a partnership, and not as a corporation (or association taxable as a corporation), for U.S. federal income tax purposes.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its the Company's current and proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code. All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company's organization and proposed method of operation set forth in the Registration Statement, the General Disclosure Package and the Prospectus are true, complete and correct in all material respects.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the The Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust under the Code (a “REIT”) under the Codefor each taxable year commencing with its taxable year ending December 31, 2003, and its proposed organization and method of operation (as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus) will enable it the Company to continue to meet the requirements for qualification and taxation as a REIT real estate investment trust under the CodeCode for its taxable year ending December 31, 2012 and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended ending December 31, 20092011, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code.

Real Estate Investment Trust. Commencing with its taxable year ended ending December 31, 2009, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its proposed method of operation will enable enables it to continue to meet the requirements for qualification and taxation as a REIT under the Code.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 2009, the The Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust under the Code (a “REIT”) under the Codefor each taxable year commencing with its taxable year ending December 31, 2003, and its proposed organization and method of operation (as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus) will enable it the Company to continue to meet the requirements for qualification and taxation as a REIT real estate investment trust under the CodeCode for its taxable year ending December 31, 2015 and thereafter.

Real Estate Investment Trust. Commencing with its taxable year ended December 31, 20092011, the Company has been organized and has operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its the Company’s proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the CodeCode for its taxable year ending December 31, 2019 and thereafter.