Operating Agreement Of MACKENZIE-BAA IG SHORELINE LLC A California Limited Liability CompanyOperating Agreement • May 20th, 2022 • MacKenzie Realty Capital, Inc. • Real estate investment trusts • California
This Operating Agreement is entered into to take effect January 25, 2022 (the “Effective Date”) regarding Mackenzie-BAA IG Shoreline LLC (the “Company”) by BAA Investment Group, LLC, a California limited liability company, the Manager, Joel Kelly and Jessica Kelly as trustees of the Kelly Family Trust, Kristopher R. Lamont and Meredith Windsor Lamont, trustees of the Lamont Trust dated 12/14/17, MacKenzie Realty Operating Partnership, LP, a Delaware limited partnership and subsidiary of MacKenzie Realty Capital, Inc., a Maryland corporation that has elected to be taxable for federal income tax purposes as a real estate investment trust under the Code, and any other persons admitted and executed as Members as set out in Exhibit B attached referred to individually as a “Member” and collectively as the “Members”).
