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.

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.