Ltip Unit Agreement Sample Contracts

LTIP UNIT AGREEMENT (Second Amended and Restated 2015 Stock Award and Incentive Plan) (LTIP II Units)
Ltip Unit Agreement • February 26th, 2024 • Aimco OP L.P. • Real estate • Maryland

This LTIP UNIT AGREEMENT, dated as of [_____________] (the “Agreement”), is by and between Apartment Investment and Management Company, a Maryland corporation (the “Company”), Aimco OP L.P., a Delaware limited partnership (the “Partnership”), and [_____________] (the “Recipient”). Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings set forth in the Apartment Investment and Management Company Second Amended and Restated 2015 Stock Award and Incentive Plan (the “Plan”), and the Partnership Unit Designation relating to LTIP Units in the Partnership Agreement (the “Partnership Unit Designation” or “PUD”).

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HEALTHPEAK PROPERTIES, INC. 3-YEAR PERFORMANCE-BASED LTIP UNIT AGREEMENT
Ltip Unit Agreement • April 28th, 2023 • Healthpeak Properties, Inc. • Real estate investment trusts • Maryland

THIS 3-YEAR PERFORMANCE-BASED LTIP UNIT AGREEMENT (this “Agreement”) is effective as of [●] (the “Award Date”) by and between Healthpeak Properties, Inc., a Maryland corporation (the “Corporation”), Healthpeak OP, LLC (the “Partnership”), and [●] (the “Participant”).

LTIP UNIT AGREEMENT (2020 Stock Award and Incentive Plan)
Ltip Unit Agreement • November 5th, 2020 • Apartment Income REIT Corp. • Real estate investment trusts • Maryland

This LTIP UNIT AGREEMENT, dated as of (the “Agreement”), by and between Apartment Income REIT Corp., a Maryland corporation (the “Company”), and (the “Recipient”). Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings set forth in the Apartment Income REIT Corp. 2020 Stock Award and Incentive Plan, as amended (the “Plan”).

EQUITY COMMONWEALTH TIME-BASED LTIP UNIT AGREEMENT FOR CHAIRMAN OF THE BOARD
Ltip Unit Agreement • February 15th, 2018 • Equity Commonwealth • Real estate investment trusts • Maryland

This Time-Based LTIP Unit Agreement (this “Agreement”) is made effective as of the Grant Date set forth on the Schedule to Time-Based LTIP Unit Agreement (the “Schedule”) attached hereto (the “Grant Date”), between the recipient set forth on the Schedule attached hereto (the “Recipient”), EQC Operating Trust (the “Trust”) and Equity Commonwealth (the “Company”).

EQUITY COMMONWEALTH PERFORMANCE-BASED LTIP UNIT AGREEMENT FOR CHAIRMAN OF THE BOARD
Ltip Unit Agreement • February 15th, 2018 • Equity Commonwealth • Real estate investment trusts • Maryland

This Performance-Based LTIP Unit Agreement (this “Agreement”) is made effective as of the Grant Date set forth on the Schedule to Performance-Based LTIP Unit Agreement (the “Schedule”) attached hereto (the “Grant Date”), between the recipient set forth on the Schedule attached hereto (the “Recipient”), EQC Operating Trust (the “Trust”) and Equity Commonwealth (the “Company”).

LTIP UNIT AGREEMENT Under the STAG Industrial, Inc. (Officers and Employees)
Ltip Unit Agreement • April 5th, 2011 • STAG Industrial, Inc. • Real estate investment trusts • Maryland

Pursuant to the STAG Industrial, Inc. 2011 Equity Incentive Plan as amended through the date hereof (the “Plan”) and the Amended and Restated Agreement of Limited Partnership, dated as of , 2011, as amended through the date hereof (the “Partnership Agreement”), of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the “Partnership”), STAG Industrial, Inc., a Maryland corporation and the indirect general partner of the Partnership (the “Company”), for the provision of services to or for the benefit of the Partnership in a partner capacity or in anticipation of being a partner, hereby grants to the Grantee named above an Other Equity-Based Award (an “Award”) in the form of, and by causing the Partnership to issue to the Grantee named above, LTIP Units (as defined in the Partnership Agreement). Upon acceptance of this LTIP Unit Agreement (this “Agreement”), the Grantee shall receive, effective as of the Grant Date, the number of LTIP Units specified above, subjec

FIRST AMENDMENT TO LTIP UNIT AGREEMENT
Ltip Unit Agreement • December 14th, 2022 • Mobile Infrastructure Corp • Real estate investment trusts

This FIRST AMENDMENT TO LTIP UNIT AGREEMENT (this “Amendment”) is entered into as of December 13, 2022 (the “Amendment Effective Date”) among Mobile Infrastructure Corporation, a Maryland corporation formerly known as The Parking REIT, Inc. (the “Company”), Mobile Infra Operating Partnership, L.P. a Maryland limited partnership formerly known as MVP REIT II Operating Partnership, LP (the “Operating Partnership”), and Manuel Chavez (the “Participant”). Capitalized terms used but not otherwise defined in this Amendment shall have the respective meanings ascribed to such terms under the Agreement (as hereinafter defined).

BRIXMOR OPERATING PARTNERSHIP LP LTIP UNIT AGREEMENT
Ltip Unit Agreement • March 14th, 2014 • Brixmor Property Group Inc. • Real estate investment trusts • New York

THIS LTIP UNIT AGREEMENT (this “Agreement”) dated as of the Effective Date set forth in the Award Certificate (the “Award Certificate”) is made by and between Brixmor Operating Partnership LP (the “Partnership”) and Brixmor Property Group Inc. (together with its Subsidiaries, the “Company”), and the Participant. The Award Certificate is included with and made part of this Agreement. In this Agreement and each Award Certificate, unless the context otherwise requires, words and expressions shall have the meanings given to them in the Plan, except as herein defined.

MOBILE INFRASTRUCTURE CORPORATION AND MOBILE INFRA OPERATING PARTNERSHIP, L.P. LTIP UNIT AGREEMENT
Ltip Unit Agreement • August 26th, 2022 • Mobile Infrastructure Corp • Real estate investment trusts • Maryland

In consideration of the mutual agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Mobile Infra Operating Partnership, L.P., a Maryland limited partnership (the “Partnership”), hereby issues to [______] (the “Participant”), as of August 23, 2022, an award (the “Award”) of LTIP Units pursuant to the terms of this LTIP Unit Agreement (this “Agreement”). The LTIP Units constitute Profits Interest Units as defined below.

KITE REALTY GROUP TRUST 2013 EQUITY INCENTIVE PLAN 2016 OUTPERFORMANCE PLAN LTIP UNIT AGREEMENT COVER SHEET
Ltip Unit Agreement • February 3rd, 2016 • Kite Realty Group, L.P. • Real estate investment trusts

advisors to assist him, her, or it in protecting his, her, or its interests, and (III) is capable of bearing the economic risk of such investment.

PERFORMANCE VESTING LTIP UNIT AGREEMENT (2020 Stock Award and Incentive Plan)
Ltip Unit Agreement • November 5th, 2020 • Apartment Income REIT Corp. • Real estate investment trusts • Maryland

This PERFORMANCE VESTING LTIP UNIT AGREEMENT, dated as of (the “Agreement”), by and between Apartment Income REIT Corp., a Maryland corporation (the “Company”), and (the “Recipient”). Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings set forth in the Apartment Income REIT Corp. 2020 Stock Award and Incentive Plan, as amended (the “Plan”).

LTIP UNIT AGREEMENT (2017)
Ltip Unit Agreement • November 9th, 2017 • Workspace Property Trust • Real estate investment trusts • Maryland

This LTIP Unit Agreement (this “Agreement”), dated as of , 2017 (the “Grant Date”), is made by and between Workspace Property Trust, a Maryland real estate investment trust (the “Trust”), Workspace Property Trust, L.P., a Delaware limited partnership (the “Partnership”), and (the “Participant”). Capitalized terms used herein and not defined shall have the meaning ascribed to them in the Second Amended and Restated Agreement of Limited Partnership of the Partnership (the “Partnership Agreement”).

LTIP UNIT AGREEMENT (Second Amended and Restated 2015 Stock Award and Incentive Plan) (LTIP II Units)
Ltip Unit Agreement • February 26th, 2024 • Aimco OP L.P. • Real estate • Maryland

This LTIP UNIT AGREEMENT, dated as of [_____________] (the “Agreement”), is by and between Apartment Investment and Management Company, a Maryland corporation (the “Company”), Aimco OP L.P., a Delaware limited partnership (the “Partnership”), and [_____________] (the “Recipient”). Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings set forth in the Apartment Investment and Management Company Second Amended and Restated 2015 Stock Award and Incentive Plan (the “Plan”), and the Partnership Unit Designation relating to LTIP Units in the Partnership Agreement (the “Partnership Unit Designation” or “PUD”).

KITE REALTY GROUP TRUST 2013 EQUITY INCENTIVE PLAN APPRECIATION ONLY LTIP UNIT AGREEMENT COVER SHEET
Ltip Unit Agreement • March 5th, 2019 • Kite Realty Group, L.P. • Real estate investment trusts
FIRST AMENDMENT TO LTIP UNIT AGREEMENT
Ltip Unit Agreement • December 14th, 2022 • Mobile Infrastructure Corp • Real estate investment trusts

This FIRST AMENDMENT TO LTIP UNIT AGREEMENT (this “Amendment”) is entered into as of December 13, 2022 (the “Amendment Effective Date”) among Mobile Infrastructure Corporation, a Maryland corporation formerly known as The Parking REIT, Inc. (the “Company”), Mobile Infra Operating Partnership, L.P. a Maryland limited partnership formerly known as MVP REIT II Operating Partnership, LP (the “Operating Partnership”), and Stephanie Hogue (the “Participant”). Capitalized terms used but not otherwise defined in this Amendment shall have the respective meanings ascribed to such terms under the Agreement (as hereinafter defined).

LTIP UNIT AGREEMENT (NON-EMPLOYEE DIRECTORS)
Ltip Unit Agreement • February 27th, 2018 • Xenia Hotels & Resorts, Inc. • Hotels & motels • Maryland

This LTIP Unit Agreement (this “Agreement”), dated as of <GRANT_DT> (the “Grant Date”), is made by and between Xenia Hotels & Resorts, Inc., a Maryland corporation (the “Company”), XHR LP, a Delaware limited partnership (the “Partnership”), and <PARTC_NAME> (the “Participant”).

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