FIRST AMENDMENT TO THE AGREEMENT OF LIMITED PARTNERSHIP OF CARTER/VALIDUS OPERATING PARTNERSHIP, LPCarter Validus Mission Critical REIT, Inc. • September 21st, 2018 • Real estate investment trusts
The provisions of Sections 6221 through 6241 of the Internal Revenue Code of 1986, as amended by the Bipartisan Budget Act of 2015 (the “BBA Provisions”), substantially revised the rules regarding Internal Revenue Service (“IRS”) audits of entities that are taxed as partnerships for Federal income tax purposes, effective as of January 1, 2018. The General Partner of the Partnership is adopting this First Amendment to amend the provisions of the LP Agreement applicable to IRS audits to reflect the BBA Provisions.
