Operating Portfolio definition
Operating Portfolio means all buildings that were acquired stabilized or have achieved Stabilization. The Operating Portfolio excludes non-core flex/office buildings, buildings contained in the Value Add Portfolio, and buildings classified as held for sale.
Operating Portfolio means all warehouse and light manufacturing assets that were acquired stabilized or have achieved Stabilization. The Operating Portfolio excludes non-core flex/office assets, assets contained in the Value Add Portfolio, and assets classified as held for sale.
Examples of Operating Portfolio in a sentence
It is also expected that SunEdison Guarantor will acquire (directly or indirectly) a sales pipeline of residential rooftop photovoltaic solar energy systems that are expected to be placed into service and conveyed to TerraForm through the fourth quarter of 2015 and which will be subject to certain existing servicing arrangements (the “Expected Portfolio” and with the Operating Portfolio, the “Portfolio”).