OPC REIT definition

OPC REIT means OPC Residential Properties Trust, Inc., a Maryland corporation which intends to elect to be taxed as a real estate investment trust and the general partner of OPC.
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Examples of OPC REIT in a sentence

  • In determining whether the Distribution Hurdle will be met on an after-tax basis, the cumulative distributions by OPC REIT to the QDII and the US L.P. will be reduced by U.S. taxes using the Agreed Applicable Tax Rate and take into account any other tax deductible expenditures incurred by the QDII and US L.P.

  • The Members further acknowledge and agree that if necessary the Company will commence the sale of the Properties, at such time and in such fashion as is necessary, in order to permit OPC REIT to commence an appropriate REIT Liquidity Event or combination of REIT Liquidity Events at the appropriate time, and agree to take such action as is necessary in furtherance of that requirement, including voting in favor of or consenting to any such sale of the Properties.