Definition of Restricted Initial Investment


Restricted Initial Investment means the first $200,000 (in the form of 20,000 OP Units of the Operating Partnership or 20,000 Shares of the Company) invested by the Sponsor or its Affiliates as a portion of the initial capitalization of the Company (by an investment in the Operating Partnership or the Company) contributed by the Sponsor or its Affiliates.
Sample 1

Examples of Restricted Initial Investment in a sentence

The Sponsor or any Affiliate may not sell the Restricted Initial Investment while the Sponsor or an Affiliate of the Sponsor remains the initial Advisor.